Randolph County Real Estate and Livability Trends
Randolph County, West Virginia has experienced notable shifts in its real estate market, with median home values rising erratically from $101,200 in 2015 to $128,700 in 2022, although still below state and national medians. Remarkably, energy tax credits have surged from $256.25 in 2014 to $650.00 in 2021, potentially reflecting an increase in energy-efficient upgrades. Real estate taxes... Read more
Randolph County Market Trends
Randolph County, West Virginia has experienced erratic growth in median home values over the past eight years, climbing from $101,200 in 2015 to $128,700 in 2022, still trailing behind the state and national medians. Energy tax credits in the county have seen a remarkable rise, jumping from $256.25 in 2014 to $650.00 in 2021, potentially indicating a surge in energy-efficient home updates. Real... Read more
Median Value of Occupied Housing Units in Randolph County, West Virginia Over the Last 8 Years
Randolph County, West Virginia has seen a varied trajectory in median home values over the past eight years. Starting at $101,200 in 2015, there was a dip to $99,300 in 2016, but values have trended upwards since 2019, culminating at $128,700 in 2022. Compared to the statewide median in West Virginia, Randolph County's growth has been more volatile and has consistently remained below the state average, which reached $145,800 in 2022. On a national scale, both Randolph County and the state of West Virginia are significantly lower, with the U.S. median hitting $179,400 in the same year. This fluctuation and relatively lower cost could present an opportunity for investors seeking undervalued properties or families looking to move to a more affordable area with potential for appreciation.
Residential Energy Tax Credit Per Tax Return in Randolph County, WV Over the Last 8 Years
Randolph County, West Virginia has seen fluctuating average residential energy tax credits per tax return over the last eight years, with notable increases in recent years. While the credit was relatively modest between 2014 ($256.25) and 2016 ($260.00), it spiked considerably in 2017 to $440.00 and maintained that elevated level through 2020. By 2021, the average credit surged to $650.00. This trend might indicate growing investments in energy-efficient home improvements or installations, suggesting potential tax incentives that real estate investors, homeowners, and professionals might want to consider when evaluating property values and energy expenses in the area.
Average Real Estate Taxes Per Tax Return in Randolph County, WV Over the Last 10 Years
Over the last decade, Randolph County, West Virginia has seen notable fluctuations in average real estate taxes per tax return. The taxes hovered around the $1,200 mark from 2012 to 2017 but took a sharp incline starting in 2018, peaking at $1,888.89 in 2021. This trend could indicate increasing property values or changing tax policies, making it crucial for potential investors, appraisers, and homeowners to consider these variances for future planning and budgeting.
Percentage of Farm Returns in Randolph County, WV Over the Last 10 Years
The percentage of farm tax returns in Randolph County, West Virginia has shown a slight overall decline over the past decade, dipping from approximately 2.58% in 2012 to around 2.29% in 2021. Farm tax returns are a metric used to gauge agricultural activity and financial health of farming communities, reflecting the income from farming operations reported for tax purposes. This trend could suggest a decrease in farming activities or profitability, and it’s a critical indicator for potential investors, property developers, and residents as it can impact land value, economic opportunities, and community development.
Number of Mortgages by Occupancy Type in Randolph County, WV Over the Last 5 Years in Randolph County
In Randolph County, West Virginia, the number of mortgages issued for principal residences has consistently outpaced those for investment and second properties across the last five years. The most significant spike was in 2021, with 696 mortgages for primary homes, though there has been a noticeable dip in 2022 to 538. Investment properties followed a similar trend, peaking at 33 mortgages in 2021 before dropping to 26 in 2022. This shift in occupancy type over time could be critical for potential investors or those looking to move to the area, as it may indicate changes in housing demand, community stability, and long-term investment potential. For appraisers and insurance agents, these trends offer insights into market dynamics and risk factors that could influence property valuations and insurance rates. Real estate agents and developers might find this information valuable for targeting the most active market segments and making informed decisions about future developments.
Economic Outlook
Randolph County, West Virginia has experienced a steady rise in average taxable income per tax return from $41,628.19 in 2013 to $56,458.54 in 2021. Alongside this, state and local income taxes have shown significant volatility, especially notable increases between 2017 and 2018, and again from 2020 to 2021. Average total tax liability per tax return also saw a gradual rise peaking at $8,164.90 in 2021. These trends potentially reflect increasing economic activity and income levels, making the... Read more
Average Taxable Income per Tax Return in Randolph County, WV over the last 9 years
Randolph County, West Virginia has seen a notable increase in average taxable income per tax return over the past nine years. Starting at $41,628.19 in 2013, it steadily rose with some minor fluctuations, reaching $56,458.54 by 2021. This upward trend suggests a potential economic growth in the region and could make it more attractive for investors, developers, and real estate agents. For those considering moving to Randolph County or professionals in appraising and insurance, this consistent rise in income might indicate a progressively thriving community with increasing economic opportunities.
Average State and Local Income Taxes Per Tax Return in Randolph County, WV Over the Last 10 Years
In Randolph County, West Virginia, over the past decade, state and local income taxes per tax return have shown a noticeable fluctuation. Starting at $7,182.48 in 2012, the figure rose to $17,813.64 by 2021. The biggest jumps appears between 2017 and 2018, reaching $9,941.38, and again between 2020 and 2021, with a significant increase. This volatility in tax amounts could interest potential investors, real estate agents, and those planning to move to or are currently in the area, as it could reflect broader economic shifts or specific local fiscal policies impacting residents' tax burdens.
Average Total Tax Liability Per Tax Return in Randolph County, WV Over the Last 10 Years
Randolph County, West Virginia, has seen a gradual increase in average total tax liability per tax return over the last decade, peaking significantly in 2021 at $8,164.90. The overall trend suggests fluctuating but generally upward tax burdens, with a noticeable rise in 2017 and another substantial jump in 2021. This information could indicate greater economic activity and perhaps shifts in income levels or changes in tax policy within the county, making it a location of interest for real estate agents, investors, and those considering moving to the area.
Cost of Living in Randolph County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $969 | $1,315 | $3,087 | $1,083 | $1,558 |
| 1 adult 4 children | $969 | $1,074 | $2,370 | $1,083 | $1,546 |
| 2 adults 3 children | $969 | $1,074 | $2,673 | $1,083 | $1,260 |
| 1 adult 3 children | $969 | $877 | $1,957 | $1,083 | $1,201 |
| 2 adults 2 children | $746 | $879 | $2,260 | $944 | $1,028 |
| 1 adult 2 children | $746 | $657 | $1,543 | $944 | $887 |
| 2 adults 1 child | $746 | $695 | $1,846 | $495 | $919 |
| 1 adult 1 child | $746 | $449 | $1,130 | $495 | $701 |
| 2 adults | $587 | $558 | $1,432 | $0 | $748 |
| 1 adult | $544 | $305 | $716 | $0 | $564 |
Safety trends & Data
Property crime trends in Randolph County, West Virginia have shown some interesting fluctuations over the past five years. Larceny-theft incidents peaked in 2020 with 67 cases but have steadily decreased to 20 by 2022. Burglary cases reached a high of 9 in 2021 before dropping to 3 in 2022. Motor vehicle thefts and vandalism numbers have remained generally low and stable. This could be especially relevant for potential real estate investors, new residents, and local authorities looking to... Read more
Property Crime Trends in Randolph County, WV Over the Last 5 Years
Property crime trends in Randolph County, West Virginia over the last five years show some interesting fluctuations. While larceny-theft incidents peaked in 2020 with 67 cases, they have steadily decreased to 20 by 2022. The number of burglary cases has also seen some variation, reaching a high of 9 in 2021 before dropping to 3 in 2022. Motor vehicle thefts and vandalism numbers have generally remained low and stable. This information could be particularly relevant for potential real estate investors, new residents, and local authorities aiming to address crime trends and their impact on community safety.
Demographics
Randolph County, West Virginia's adult populace skews male, though genders are nearly balanced. The educational landscape shows a significant portion of residents holding high school diplomas, with college attendance not yet translating into degrees for many. Age-wise, there's a notable concentration of individuals within the 45 to 64-year bracket, hinting at a potentially aging population. The racial makeup predominantly features White individuals, with other racial groups making up a small... Read more
Race Distribution in Randolph County, West Virginia (2022)
Educational Attainment in Randolph County, West Virginia (2022)
Age Distribution in Randolph County, West Virginia
Citizen Population in Randolph County, West Virginia (2022)
Political Trends & Data
Randolph County in West Virginia showed a pronounced conservative tilt during the 2020 U.S. Presidential Election, with Republicans securing roughly 71% of the vote. Such a solid Republican majority might influence local and statewide policy-making, as the Democrats only managed around 28%, and other parties barely made a... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Randolph County in West Virginia saw a significant lean towards the Republican Party in the 2020 U.S. Presidential Election, with Republicans capturing approximately 71% of the vote. Democrats trailed far behind at around 28%, while Libertarians and Greens barely garnered over 1% combined. This suggests a strong conservative presence in the county, potentially impacting local and state policy decisions.
71.09% of voters voted for the Republican party in the 2020 Presidential Election
27.56% of voters voted for the Democrat party in the 2020 Presidential Election
1.02% of voters voted for the Livertarian party in the 2020 Presidential Election
0.33% of voters voted for the Green party in the 2020 Presidential Election
School Data
In Randolph County, West Virginia, the student-to-teacher ratio has fluctuated between ten and twelve over the past decade, currently sitting at around twelve. This figure is below the national average of fourteen, potentially offering more individualized attention for students and making the area attractive to families focused on education quality. These trends might also point towards demographic or policy changes, which are worth noting for... Read more
Student-to-teacher ratio in Randolph County, West Virginia over the last 10 years
The student-to-teacher ratio in Randolph County, West Virginia has shown notable fluctuations over the last decade, ranging from around ten to just over twelve students per teacher. With a recent rise to approximately 12 in recent years, it remains below the national average of about fourteen students per teacher. This lower ratio could suggest potential benefits in terms of more individualized attention for students, possibly making the county appealing to families prioritizing education quality, and to educators seeking better teaching conditions. However, such dynamics might also reflect broader demographic or policy shifts that stakeholders should consider.
