Putnam County Real Estate and Livability Trends
Putnam County, West Virginia has seen average taxable income per tax return rise to $75,721.76 in 2021, hinting at economic growth. The doubling of state and local income taxes from $7,051.30 in 2012 to $14,020.63 in 2021 could impact living costs and property values, making investment decisions more complex. Median home values jumped from $148,600 in 2015 to $202,300 in 2022, outpacing national... Read more
Putnam County Market Trends
In Putnam County, West Virginia, median home values have surged from $148,600 in 2015 to $202,300 in 2022, outpacing both state and national averages and indicating strong demand and potential for high returns on investment. The residential energy tax credit here has shown notable volatility, including a spike to $3,150.00 in 2018, suggesting unique opportunities or policy shifts that warrant... Read more
Median Value of Occupied Housing Units in Putnam County, West Virginia Over the Last 8 Years
Over the past eight years, the median home value in Putnam County, West Virginia, saw considerable growth, escalating from $148,600 in 2015 to $202,300 in 2022. This trend significantly outpaced both the national and state averages, with the latter rising from $103,800 to $145,800 during the same period. Investors and homebuyers might find this upward momentum encouraging, indicating robust demand and potentially higher returns on investment compared to other areas in West Virginia and across the United States. This suggests an appealing market for those looking to capitalize on property appreciation or relocate to a growing community.
Residential Energy Tax Credit Per Tax Return in Putnam County, WV Over the Last 9 Years
Analyzing the residential energy tax credit trends in Putnam County, West Virginia, over the past nine years reveals significant fluctuations. Notably, 2018 saw an unprecedented spike with the average credit per return soaring to $3,150.00, compared to typical values around $300.00 to $700.00 in other years. In 2021, there's another substantial increase to $1,512.00. These erratic changes may attract attention from potential investors and property developers, suggesting potentially unique opportunities or policy shifts that may impact financial planning. Homeowners and real estate professionals should consider these large variances when assessing the long-term cost-benefit of energy-saving investments.
Average Real Estate Taxes Per Tax Return in Putnam County, WV Over the Last 10 Years
Over the past decade, Putnam County, West Virginia has seen an upward trend in real estate taxes per tax return, with a notable spike between 2017 and 2018, where amounts jumped from approximately $2,015.21 to roughly $2,578.48. This increase might signal growing property values or changes in tax policy, which could be important for potential investors and homeowners to consider. With the latest figures hovering around the $2,659.13 mark in 2021, stakeholders should factor in these rising costs when assessing real estate opportunities in the area.
Percentage of Farm Returns in Putnam County, WV Over the Last 10 Years
Farm tax returns in Putnam County, West Virginia have shown relative stability over the past decade, maintaining percentages around the 1.25% mark. Small fluctuations can be observed, peaking slightly in 2014 at approximately 1.32% and hitting a low in 2020 at about 1.23%. These steady returns suggest established agricultural activities and may indicate a reliable but small segment of the local economy. For potential investors or property developers, consistency in farm tax returns could mean limited volatility and potential for sustained agricultural investment opportunities.
Number of Mortgages by Occupancy Type in Putnam County, WV Over the Last 5 Years in Putnam County
Over the last five years in Putnam County, West Virginia, the number of mortgages for principal residences has consistently been much higher than those for investment properties and second residences. While principal residences saw fluctuations, notably peaking in 2020 and 2021, investment property mortgages slightly declined and second residences remained very low. These trends could indicate that the area is primarily attracting homeowners rather than investors or vacation home buyers, which could impact property values, demand for family-oriented amenities, and risk assessments for appraisers and insurance agents. For real estate agents and investors, this could signal more stable long-term occupancy, which might influence strategies in property development and marketing.
Economic Outlook
Putnam County, West Virginia has witnessed a consistent rise in average taxable income per tax return, hitting $75,721.76 in 2021, which might indicate economic growth and increased prosperity. The notable growth in state and local income taxes, which doubled from $7,051.30 in 2012 to $14,020.63 in 2021, could affect investment decisions given its impact on living costs and property values. Additionally, the rising total tax liability, peaking at $12,097.58 in 2021, may signal a robust tax base... Read more
Average Taxable Income per Tax Return in Putnam County, WV over the last 9 years
Putnam County, West Virginia has shown a consistent increase in average taxable income per tax return over the past nine years, culminating in a notable rise to $75,721.76 in 2021. This trend signals potential economic growth and increasing prosperity in the region, which could be attractive for investors, real estate developers, and prospective homeowners. Furthermore, the steady rise in taxable income might interest appraisers and insurance agents, as property values and coverage needs could be on the rise. Real estate professionals might find Putnam County an appealing market due to the area's apparent financial stability and growing income levels.
Average State and Local Income Taxes Per Tax Return in Putnam County, WV Over the Last 10 Years
Over the past decade, Putnam County, West Virginia has seen a noticeable increase in average state and local income taxes per tax return. Starting in 2012 at $7,051.30, the average climbed steadily, reaching $14,020.63 by 2021. The sharpest rise occurred between 2017 and 2018, from $8,204.55 to $11,109.58, and continued to increase significantly thereafter. This uptrend might impact decisions for potential investors, real estate agents, and those planning to move to or build property in the area, as higher taxes can influence both cost of living and property values.
Average Total Tax Liability Per Tax Return in Putnam County, WV Over the Last 10 Years
In Putnam County, West Virginia, the average total tax liability per tax return has shown a general upward trend over the past decade. From a low of around $9,656.54 in 2013 to a peak of approximately $12,097.58 in 2021, this rise could imply a growing tax base and potentially higher income levels. Notably, there was a significant jump from 2014 to 2015, with an increase of about $858.16, and another notable spike between 2020 and 2021. This trend might interest potential investors and real estate agents, as it could signal economic growth and increasing property values in the area. For appraisers and insurance agents, the rising tax liability might correspond to higher property valuations, which could be a crucial factor in their assessments and policies.
Cost of Living in Putnam County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,333 | $1,383 | $3,409 | $1,715 | $2,229 |
| 1 adult 4 children | $1,333 | $1,130 | $2,618 | $1,715 | $2,208 |
| 2 adults 3 children | $1,333 | $1,130 | $2,952 | $1,715 | $1,906 |
| 1 adult 3 children | $1,333 | $923 | $2,161 | $1,715 | $1,886 |
| 2 adults 2 children | $1,003 | $925 | $2,495 | $1,490 | $1,496 |
| 1 adult 2 children | $1,003 | $691 | $1,705 | $1,490 | $1,413 |
| 2 adults 1 child | $1,003 | $731 | $2,038 | $760 | $1,203 |
| 1 adult 1 child | $1,003 | $472 | $1,248 | $760 | $989 |
| 2 adults | $778 | $587 | $1,582 | $0 | $910 |
| 1 adult | $773 | $320 | $791 | $0 | $679 |
Safety trends & Data
Property crime trends in Putnam County, West Virginia, fluctuate noticeably over the past five years. The highest number of larceny-theft incidents occurred in 2020 with 15 cases, declining sharply to just 4 in 2022. Burglary rates peaked in 2019 at 12 incidents but dropped off in subsequent years, with only 2 incidents reported in 2021. Vandalism incidents reached a high in 2018 with 9 cases but dwindled to just 1 by 2022. The incidence of motor vehicle theft has remained relatively low... Read more
Property Crime Trends in Putnam County, WV Over the Last 5 Years
Property crime trends in Putnam County, West Virginia, fluctuate noticeably over the past five years. The highest number of larceny-theft incidents occurred in 2020 with 15 cases, while it declined sharply to just 4 in 2022. Burglary rates saw their peak in 2019 at 12 incidents but dropped off in subsequent years, with only 2 incidents reported in 2021. Vandalism incidents reached their highest in 2018 with 9 cases but dwindled to just 1 by 2022. The incidence of motor vehicle theft has remained relatively low throughout. These shifts could influence real estate appraisals, insurance rates, and investment risks, hinting at a changing crime landscape that stakeholders should consider carefully.
Demographics
Putnam County, West Virginia has a slight gender imbalance with females marginally outnumbering males. Educational attainment shows a significant portion of the population holding high school diplomas or some college experience, hinting at an aspiring but not fully degree-completed workforce. Age distribution skews older, especially evident with higher numbers in the 45-64 age range, suggesting potential future shifts in service needs and economic focus. The racial makeup is predominantly... Read more
Race Distribution in Putnam County, West Virginia (2022)
Educational Attainment in Putnam County, West Virginia (2022)
Age Distribution in Putnam County, West Virginia
Citizen Population in Putnam County, West Virginia (2022)
Political Trends & Data
Putnam County, West Virginia leaned significantly towards the Republican party in the 2020 U.S. Presidential Election, with about 70% of the vote possibly going their way. The Democrats secured around 28%, while smaller parties like the Libertarians and Greens barely registered at around 1.7% and 0.3% respectively. This trend could shape local and national campaigns as candidates aim to secure support in future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Putnam County in West Virginia showed a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with approximately 70% of the vote possibly going their way. The Democratic party garnered around 28%, while smaller parties like the Libertarians and Greens barely registered with about 1.7% and 0.3% respectively. This likely underscores the county's political alignment and could have implications for local and national candidates aiming to secure support in future elections.
70.29% of voters voted for the Republican party in the 2020 Presidential Election
27.64% of voters voted for the Democrat party in the 2020 Presidential Election
1.75% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Green party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Putnam County, West Virginia has hovered near the national average of 14 students per teacher over the past decade, peaking at nearly 15 in 2018 and settling at around 14 in 2023. These subtle shifts could influence family relocations, educator job evaluations, and investor decisions regarding property values. Maintaining smaller class sizes might signal a commitment to personalized education, potentially boosting the county’s... Read more
Student-to-teacher ratio in Putnam County, West Virginia over the last 10 years
The student-to-teacher ratio in Putnam County, West Virginia has fluctuated around the national average of 14 students per teacher over the past decade. The ratio peaked at nearly 15 in 2018 and has seen a slight downward trend, landing at approximately 14 in 2023. These changes in student-to-teacher ratios could sway decisions for families considering relocation, educators evaluating job opportunities, and investors assessing the educational environment's impact on property values. Keeping class sizes modest might imply a focus on more personalized education, potentially enhancing the area's attractiveness.
