Preston County Real Estate and Livability Trends
Preston County, West Virginia has seen a steady rise in average taxable income per tax return, from $45,265.12 in 2013 to $55,818.67 in 2021, suggesting possible economic advancement appealing to investors and potential homeowners. Median home values hit $147,400 in 2022, outpacing the state's median and real estate taxes doubled from 2012 to 2020, indicating rising property values and enhanced... Read more
Preston County Market Trends
Median home values in Preston County, West Virginia reached $147,400 in 2022, showcasing a significant rise from 2019 onwards, slightly outpacing the state's median of $145,800. Real estate taxes have notably increased, from $1,102.84 in 2012 to $2,103.23 in 2020, indicating potentially higher property values and possibly enhanced local services. Energy tax credits have been erratic but surged to... Read more
Median Value of Occupied Housing Units in Preston County, West Virginia Over the Last 8 Years
Median home values in Preston County, West Virginia have seen a significant upward trend over the past eight years, reaching $147,400 in 2022. This growth, especially noticeable from 2019 onwards, suggests increasing demand and potential appreciation for housing in the area. When compared to West Virginia's state median, which was $145,800 in 2022, Preston County is slightly ahead, indicating its housing market might be more lucrative for investments. Nationally, the median value was $179,400 in 2022, so while Preston County remains below the national average, the rapid growth seen locally could present significant upside potential for buyers and investors.
Residential Energy Tax Credit Per Tax Return in Preston County, WV Over the Last 8 Years
Over the past eight years, Preston County, West Virginia has seen fluctuations in the average residential energy tax credit per tax return. Noteworthy is a dip to $292.86 in 2019, followed by a modest rise to $293.75 in 2020. The most significant change occurred in 2021, reaching $766.67. These variations could be informative for prospective investors, potential movers, appraisers, and real estate agents evaluating the economic incentives and energy efficiency trends in the area.
Average Real Estate Taxes Per Tax Return in Preston County, WV Over the Last 10 Years
Real estate taxes in Preston County, West Virginia have shown a noticeable upward trend over the past decade, starting at $1,102.84 in 2012 and peaking at $2,103.23 in 2020. This increase may reflect heightened property values and perhaps even expanded municipal services or infrastructure improvements. Interestingly, the substantial jump in 2018 to $1,782.35 and its subsequent rise could signal underlying economic or policy changes. Real estate agents, investors, and those planning to build in the county should be aware of these rising costs, as they directly impact property valuations and overall investment returns.
Percentage of Farm Returns in Preston County, WV Over the Last 10 Years
The percentage of farm tax returns in Preston County, West Virginia over the last decade has broadly fluctuated around the 5% mark, with a modest decrease in recent years. Starting from 5.47% in 2012, the percentage showed slight variations, peaking at 5.53% in 2015 and dipping to 4.91% in 2020. These trends could suggest a varied but slightly declining engagement in farm-related activities or reporting within the local economy. Investors and those interested in agriculture-related ventures might interpret this data as a reflection of either natural economic shifts or policy impacts on the farming community. Farm tax returns typically refer to the annual tax filings required for income derived from farming activities. This encompasses crops, livestock, and related agricultural operations. For potential property buyers and developers, understanding these trends might provide insight into land use, economic viability, and long-term investment opportunities within Preston County.
Number of Mortgages by Occupancy Type in Preston County, WV Over the Last 5 Years in Preston County
Over the past five years in Preston County, West Virginia, the number of mortgages for principal residences has shown significant fluctuations, peaking in 2021 with 1,308 counts and dipping in 2022 to 916. Investment property mortgages have remained relatively steady but low, hovering in the 20s and 30s. Mortgages for second residences saw a notable rise in 2020 and 2021 before slightly dropping in 2022. These shifts in occupancy type can influence investor decisions, development planning, and insurance considerations as they provide insight into the demand for various property uses. For potential residents or investors, a higher proportion of principal residence mortgages may indicate a stable, family-oriented community, while fluctuating second residence counts might suggest a growing interest in vacation or rental properties. Real estate agents can leverage this data to tailor their marketing strategies, targeting prospective buyers based on the prevailing trends.
Economic Outlook
Preston County, West Virginia has experienced a consistent increase in average taxable income per tax return, beginning at around $45,265.12 in 2013 and reaching roughly $55,818.67 by 2021. This income growth may indicate economic advancement, which could appeal to investors and potential homeowners. Additionally, there's been a significant rise in average state and local income taxes, from about $6,073.82 in 2012 to approximately $10,410.71 in 2021. This increase in tax burden might suggest... Read more
Average Taxable Income per Tax Return in Preston County, WV over the last 9 years
Preston County, West Virginia, has seen a gradual increase in average taxable income per tax return over the past nine years, starting at around $45,265.12 in 2013 and reaching approximately $55,818.67 by 2021. This steady climb in taxable income could potentially indicate economic growth and increased earning potential in the area. Stakeholders such as investors, real estate agents, and those considering moving here may find this trend encouraging as it suggests a possibly improving economic landscape. However, appraisers and insurance agents might need to consider the potential implications of rising incomes on property values and insurance rates.
Average State and Local Income Taxes Per Tax Return in Preston County, WV Over the Last 10 Years
Preston County, West Virginia has seen a notable rise in average state and local income taxes per tax return over the last decade. Starting at approximately $6,073.82 in 2012, there's been a steady increase with a spike in recent years, reaching about $10,410.71 in 2021. This trend could impact decisions for those considering investments or relocations, as it reflects a potentially higher tax burden. For appraisers and real estate agents, these figures might suggest a correlating rise in property values or other economic factors at play within the county.
Average Total Tax Liability Per Tax Return in Preston County, WV Over the Last 10 Years
Preston County, West Virginia has seen fluctuating trends in the average total tax liability per tax return over the past decade, ranging from a low of $6,124.75 in 2013 to a high of $7,065.21 in 2021. Notably, there has been a general upward trend since 2018, potentially indicating rising incomes or changes in tax policies affecting residents. This could be of interest to potential investors and real estate agents eyeing the county, as it may hint at an evolving economic landscape. Appraisers and insurance agents might also find these trends useful for assessing financial factors that influence property values and risk assessments in the area.
Cost of Living in Preston County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,027 | $1,271 | $3,124 | $1,314 | $1,750 |
| 1 adult 4 children | $1,027 | $1,038 | $2,398 | $1,314 | $1,746 |
| 2 adults 3 children | $1,027 | $1,038 | $2,706 | $1,314 | $1,443 |
| 1 adult 3 children | $1,027 | $848 | $1,980 | $1,314 | $1,436 |
| 2 adults 2 children | $783 | $850 | $2,288 | $1,142 | $1,161 |
| 1 adult 2 children | $783 | $635 | $1,562 | $1,142 | $1,071 |
| 2 adults 1 child | $783 | $672 | $1,870 | $582 | $1,016 |
| 1 adult 1 child | $783 | $434 | $1,144 | $582 | $791 |
| 2 adults | $626 | $540 | $1,452 | $0 | $812 |
| 1 adult | $622 | $294 | $726 | $0 | $606 |
Safety trends & Data
Preston County, West Virginia, has seen varied property crime trends that might influence real estate decisions. Larceny-theft peaked at 62 incidents in 2020 but dropped to 36 by 2022. Vandalism cases have gradually increased, reaching a peak of 9 in 2022. Motor vehicle thefts remain low, fluctuating between 2 and 6 cases annually. Fraud and forgery crimes have stayed relatively stable without major increases. This data is particularly relevant for investors and real estate agents assessing the... Read more
Property Crime Trends in Preston County, WV Over the Last 5 Years
Preston County, West Virginia has shown some notable trends in property crimes over the last five years. The most frequent offense, larceny-theft, saw its highest occurrence in 2020 with 62 reported incidents before dipping down to 36 in 2022. Similarly, vandalism cases rose steadily, peaking at 9 in 2022 from 4 in 2018. Motor vehicle thefts remain relatively low but fluctuated between 2 and 6 cases annually. Meanwhile, fraud-related crimes and forgery and counterfeiting maintained moderate numbers without significant spikes. This data could be insightful for investors and real estate agents evaluating the safety and security aspects of Preston County.
Demographics
Preston County, West Virginia, exhibits a predominantly white population with other racial groups constituting much smaller portions. The adult population is slightly skewed towards males. High school graduates form the largest education segment, but there's a noticeable number of residents with some college experience or higher degrees. Age-wise, the community seems fairly balanced, with significant representation across all age groups, suggesting a stable demographic... Read more
Race Distribution in Preston County, West Virginia (2022)
Educational Attainment in Preston County, West Virginia (2022)
Age Distribution in Preston County, West Virginia
Citizen Population in Preston County, West Virginia (2022)
Political Trends & Data
In Preston County, West Virginia, the 2020 U.S. Presidential Election results showcased a robust Republican preference, with the GOP capturing around 77% of the vote. Democrats only managed a little over 21%, highlighting a significant partisan divide. This Republican stronghold mirrors broader political trends in rural counties across the state, likely influencing local policies, economic conditions, and potentially, real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Preston County, West Virginia, the 2020 U.S. Presidential Election results showed a significant lean towards the Republican party, which garnered roughly 77% of the vote. Democrats trailed far behind with a little over 21%, while Libertarians and the Green party barely made a dent with just over 1% and under 1% respectively. This pattern indicates a strong Republican stronghold, and it's indicative of broader political trends in similar rural counties within the state.
76.79% of voters voted for the Republican party in the 2020 Presidential Election
21.71% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Green party in the 2020 Presidential Election
School Data
Preston County, West Virginia's student-to-teacher ratio has hovered around the national average of 14 over the past decade, peaking at nearly 15 in 2018 and decreasing to around 13 recently. This indicates potential efforts to enhance educational quality by reducing class sizes, making the area potentially more attractive to families that prioritize education. For real estate agents and homebuyers, a lower student-to-teacher ratio can be a selling point signaling more personalized student... Read more
Student-to-teacher ratio in Preston County, West Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in Preston County, West Virginia has fluctuated but generally remains close to the national average of 14 students per teacher. Notably, it peaked at nearly 15 in 2018 before decreasing to around 13 in recent years. This trend may indicate efforts to improve educational quality by reducing class sizes, which could make the area more appealing to families prioritizing education. For real estate agents and potential homebuyers, a lower student-to-teacher ratio can be a selling point, signaling potential for more personalized attention for students and a stronger local school system. This is valuable information for investors seeking to understand community priorities or for appraisers and insurance agents who look into local amenities when evaluating properties.
