Raleigh County Real Estate and Livability Trends
Raleigh County, West Virginia's real estate market presents considerable opportunities despite some inconsistencies in economic indicators. Median home values have been climbing steadily, hitting $132,300 in 2022, suggesting a growing property market. Rising real estate taxes and a notable increase in residential energy tax credits point to mounting financial responsibilities but also to... Read more
Raleigh County Market Trends
Median home values in Raleigh County, West Virginia have shown a continuous upward trend, with a notable bump in 2022 to $132,300. While this is below the state peak of $145,800 and the national median of $179,400, it signifies rising property values with potential for future appreciation. Raleigh County has seen significant changes in residential energy tax credits, peaking dramatically at... Read more
Median Value of Occupied Housing Units in Raleigh County, West Virginia Over the Last 8 Years
Median home values in Raleigh County, West Virginia have shown a consistent upward trajectory over the last eight years, with a prominent jump in 2022 to $132,300. Compared to the state of West Virginia, which peaked at $145,800 in 2022, Raleigh County's growth appears slightly more modest but still significant. On a national scale, where median home values hit $179,400 in 2022, Raleigh County presents a lower-cost alternative. For investors and potential homeowners, this trend might suggest increasing property values with potential for future appreciation in the area.
Residential Energy Tax Credit Per Tax Return in Raleigh County, WV Over the Last 9 Years
Over the past nine years, Raleigh County, West Virginia has seen significant fluctuations in its average residential energy tax credits per tax return, with notable peaks. The most dramatic increase occurred in 2018, reaching an average of $1866.67 per return, a sharp contrast to the 2014 figure of $300.00. More recently, the 2021 average was $650.00, reflecting a possible overall upward trend in tax benefits which might suggest growing investments in energy efficiency. Such patterns may be intriguing for those considering property investments or development, as they indicate potential financial incentives for energy-efficient improvements.
Average Real Estate Taxes Per Tax Return in Raleigh County, WV Over the Last 10 Years
Over the past decade, Raleigh County, West Virginia has seen a notable rise in average real estate taxes per tax return. Starting from $1,432.63 in 2012, there has been a steady increase with a significant spike in 2018, reaching $2,746.67 and peaking at $2,928.13 in 2019. This trend suggests a growing economic burden for property owners and could influence real estate decisions, whether for potential buyers, current homeowners, or investors assessing the long-term viability of the area.
Percentage of Farm Returns in Raleigh County, WV Over the Last 10 Years
Farm tax returns in Raleigh County, West Virginia have shown a steady increase over the last decade, starting at 0.74% in 2012 and rising to 1.00% in 2018, with some minor fluctuations thereafter. This could suggest growing agricultural activity and a potentially rising interest in farming as a livelihood. For those investing, moving to, or building property in the area, this trend might indicate a burgeoning agricultural sector which may positively affect local economies and lifestyle opportunities. However, it's essential to consider these figures within the broader economic context of the county and state.
Number of Mortgages by Occupancy Type in Raleigh County, WV Over the Last 5 Years in Raleigh County
Over the past five years in Raleigh County, West Virginia, there's been a noticeable fluctuation in mortgage counts, particularly in the principal residence category, which peaked at 2,954 in 2021 and generally remained significantly higher than other occupancy types. Investment properties and second residences have consistently lower figures, with relatively minor variations. These shifts in mortgage counts by occupancy type could potentially signal various underlying economic trends or demographic changes in the county, offering crucial insights for investors, real estate agents, and appraisers. Understanding these patterns could influence property valuation, risk assessment, and market strategies. For instance, a higher number of principal residence mortgages might indicate strong local housing demand, while shifts in investment property mortgages could reflect changing investor confidence or market conditions.
Economic Outlook
Raleigh County, West Virginia, has seen a significant rise in average taxable income, peaking at approximately $59,963.52 in 2021, which may attract investors and real estate developers looking for economic stability. The average state and local income taxes per tax return have also increased, jumping from around $8,095.62 in 2012 to $18,671.79 in 2021, indicating possible changes in tax policy or rising incomes. Fluctuating poverty levels, hitting a low of 11.2% in 2014 and a high of 24.7% in... Read more
Average Taxable Income per Tax Return in Raleigh County, WV over the last 9 years
Raleigh County, West Virginia, has shown a general upward trend in average taxable income per tax return over the past nine years. After a slight dip in 2016, the income figures have steadily increased, peaking at approximately $59,963.52 in 2021. This consistent rise suggests potential economic stability, which could be of interest to investors, property developers, and real estate agents assessing the area for business opportunities. Higher average taxable incomes may also indicate a stronger local economy, making it potentially attractive for those considering moving to or investing in the county.
Average State and Local Income Taxes Per Tax Return in Raleigh County, WV Over the Last 10 Years
Over the past decade in Raleigh County, West Virginia, state and local income taxes per tax return have seen a substantial increase. In 2012, the average was approximately $8,095.62 and remained relatively stable until 2017. However, 2018 marked a notable jump to around $12,717.70, followed by consistent growth each year, culminating in an average of $18,671.79 by 2021. This trend could suggest rising income levels or changes in tax policy, making it essential for investors, real estate agents, and insurance agents to consider the financial landscape's evolving nature when evaluating property and business opportunities in the area.
Average Total Tax Liability Per Tax Return in Raleigh County, WV Over the Last 10 Years
Raleigh County, West Virginia has seen fluctuations in the average total tax liability per tax return over the past decade, with a notable dip below $8,000.00 during 2017 and 2018, and a sharp increase to $9,338.40 in 2021. This pattern suggests a potential variability in economic factors impacting taxpayers, important for property developers and real estate investors assessing the financial landscape. Appraisers and insurance agents should also take these trends into account for more accurate valuations and risk assessments. For those moving to or living in Raleigh County, being aware of these shifts provides insight into the local economic environment.
Cost of Living in Raleigh County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,171 | $1,319 | $3,137 | $1,410 | $1,819 |
| 1 adult 4 children | $1,171 | $1,077 | $2,408 | $1,410 | $1,808 |
| 2 adults 3 children | $1,171 | $1,078 | $2,717 | $1,410 | $1,504 |
| 1 adult 3 children | $1,171 | $880 | $1,988 | $1,410 | $1,467 |
| 2 adults 2 children | $824 | $882 | $2,297 | $1,225 | $1,141 |
| 1 adult 2 children | $824 | $659 | $1,568 | $1,225 | $1,037 |
| 2 adults 1 child | $824 | $697 | $1,877 | $624 | $986 |
| 1 adult 1 child | $824 | $450 | $1,149 | $624 | $760 |
| 2 adults | $667 | $560 | $1,458 | $0 | $775 |
| 1 adult | $663 | $305 | $729 | $0 | $593 |
Safety trends & Data
Raleigh County, West Virginia has experienced fluctuating property crime rates over the past five years, with larceny-theft arrests notably increasing from 359 in 2018 to 730 in 2022 and a significant rise in burglary incidents in 2021 before dropping in 2022. The relative stability in vandalism and fraud, coupled with lower motor vehicle theft rates, could impact decisions for property investors and other real estate professionals. The evolving landscape of criminal activity may affect both... Read more
Property Crime Trends in Raleigh County, WV Over the Last 5 Years
Raleigh County, West Virginia has seen fluctuating property crime rates over the past five years, with notable increases in categories like larceny-theft and burglary. For instance, larceny-theft arrests surged from 359 in 2018 to 730 in 2022, and burglary incidents rose significantly in 2021 with 73 arrests before dropping to 49 in 2022. Property crimes like vandalism and fraud have shown less volatility, while motor vehicle theft has remained relatively low compared to other categories. These trends could influence decisions for prospective property investors, real estate agents, appraisers, and insurance agents considering the area, given the changing landscape of criminal activity affecting property security and valuation.
Demographics
Raleigh County's adult population shows a nearly even split between males and females, reflecting balanced gender representation. The county has a high proportion of residents with a high school diploma or some college experience, though fewer have obtained higher education degrees. The age distribution skews toward older demographics, with significant numbers over 55, indicating a potentially aging population. Racially, the area remains predominantly White, with small Black or African American... Read more
Race Distribution in Raleigh County, West Virginia (2022)
Educational Attainment in Raleigh County, West Virginia (2022)
Age Distribution in Raleigh County, West Virginia
Citizen Population in Raleigh County, West Virginia (2022)
Political Trends & Data
Raleigh County, West Virginia saw Republican voters dominating with about 74.50% during the 2020 U.S. Presidential Election. Democrats lagged at 24.10%, and only minor fractions were secured by Libertarian (1.10%) and Green party (0.30%) candidates. This conservative-leaning voter base hints at a politically right-leaning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Raleigh County, West Virginia, Republican voters constituted a significant majority with roughly 74.5% of the votes during the 2020 U.S. Presidential Election. Democrats trailed behind noticeably, garnering around 24.1%. Libertarian and Green party candidates managed to capture only small fractions of the vote, with approximately 1.1% and 0.3% respectively. This strong tilt towards the Republican party might suggest a predominantly conservative voter base in the area.
74.53% of voters voted for the Republican party in the 2020 Presidential Election
24.11% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Green party in the 2020 Presidential Election
School Data
In Raleigh County, West Virginia, the student-to-teacher ratio has typically hovered around the national average of 14 students per teacher. A brief spike to 15 in 2018 was quickly corrected in subsequent years. These fluctuations can affect perceptions of educational quality and indirectly influence property values, making favorable ratios a potential selling point for real estate agents. Appraisers and insurance agents may also see stable ratios as indicators of community... Read more
Student-to-teacher ratio in Raleigh County, West Virginia over the last 10 years
Over the past decade, the student-to-teacher ratio in Raleigh County, West Virginia, has generally remained close to the national average of 14 students per teacher, often staying below it. Notably, there was a spike in 2018 where the ratio climbed to 15, but it soon corrected to more typical levels in subsequent years. Such fluctuations may affect perceptions of educational quality, potentially influencing decisions by families considering a move to the area and impacting property values. Maintaining favorable student-to-teacher ratios can also be a selling point for real estate agents, while appraisers and insurance agents may view these trends as indicators of community stability.
