Roane County Real Estate and Livability Trends
Roane County, West Virginia's median home value increased from $88,900 in 2015 to $117,700 in 2022, offering a more affordable yet steadily appreciating market despite lagging behind national growth trends. The substantial rise in the average residential energy tax credit from $244.44 in 2013 to $700.00 in 2021 underscores growing investments in energy efficiency. Real estate taxes per return saw... Read more
Roane County Market Trends
Roane County's median home value jumped from $88,900 in 2015 to $117,700 in 2022, closely mirroring state growth but lagging behind the national surge from $125,500 to $179,400. This presents a more affordable option with promising value appreciation. The average residential energy tax credit saw a spike from $244.44 in 2013 to $700.00 in 2021, highlighting increased investment in... Read more
Median Value of Occupied Housing Units in Roane County, West Virginia Over the Last 8 Years
Roane County's median home value has seen a solid increase from $88,900 in 2015 to $117,700 in 2022, reflecting an encouraging upward trend for potential investors or those looking to settle in the area. This rise is particularly compelling when compared to the broader trends, as Roane County's growth rate aligns closely with the state of West Virginia but is outpaced by the national median, which leapt from $125,500 to $179,400 over the same period. The local market may represent a more affordable entry point with still promising growth potential, making it a prime consideration for homebuyers focused on value appreciation without the steep national price tag.
Residential Energy Tax Credit Per Tax Return in Roane County, WV Over the Last 8 Years
In Roane County, West Virginia, the average residential energy tax credit per tax return has shown a noticeable increase over the last eight years. Starting from $244.44 in 2013, there was a relatively steady rise, peaking significantly at $700.00 in 2021. The notable spikes in 2017 and 2021 suggest higher investments or incentives in energy-efficient improvements. This could indicate growing awareness and adoption of energy-efficient home upgrades, valuable information for anyone looking to invest or build property in the area.
Average Real Estate Taxes Per Tax Return in Roane County, WV Over the Last 10 Years
Over the past decade, Roane County, West Virginia has seen fluctuating real estate taxes per tax return. From $905.08 in 2012 to a peak of $1,625.00 in 2019, the rising trend could signify either increasing property values or adjustments in tax rates. Such variability might interest potential investors and property developers considering the long-term financial implications. Appraisers and insurance agents might also find these numbers relevant for property assessments. Current residents and prospective buyers should be aware of these dynamics to plan accordingly.
Percentage of Farm Returns in Roane County, WV Over the Last 10 Years
Farm tax returns in Roane County, West Virginia have slowly fluctuated over the last decade, generally hovering around 6%. This fairly stable trend suggests a consistent agricultural sector, although minor year-to-year variations can be noted, such as a slight peak in 2016 at approximately 6.44% and a dip in 2020 to around 5.73%. This stability could appeal to potential investors or individuals considering property development, implying a resilient local economy anchored by farming activities. Understanding the percentage of farm tax returns offers insight into the agricultural productivity and economic health of the region.
Number of Mortgages by Occupancy Type in Roane County, WV Over the Last 5 Years in Roane County
Roane County, West Virginia, has seen notable variations in mortgage activity over the past five years, particularly in principal residences, which surged from 286 in 2018 to a peak of 418 in 2021 before settling at 361 in 2022. Investment property mortgages also peaked earlier, hitting 24 in 2018 but then steadily dropping to just 9 by 2022. For prospective investors, the shifting patterns in occupancy types might suggest a cooling off in investment interest, while the resilience in principal residence mortgages hints at a stable residential appeal. Appraisers, insurance agents, and real estate professionals will find these trends impactful, indicating evolving buyer priorities and potential risks or opportunities in the local market.
Economic Outlook
Roane County, West Virginia shows a notable upward trend in average taxable income per tax return from $42,017.55 in 2013 to $50,359.12 by 2021, hinting at increased economic opportunities. Meanwhile, state and local income taxes have seen sharp fluctuations, peaking at $10,750.00 in 2021, indicating possible changes in taxable income or tax rates. The average total tax liability has varied over the years, with a notable peak at $7,207.80 in 2021, reflecting changing financial pressures. This... Read more
Average Taxable Income per Tax Return in Roane County, WV over the last 9 years
Roane County, West Virginia has experienced fluctuating average taxable incomes per tax return over the past nine years, with a noticeable upward trend. Starting at approximately $42,017.55 in 2013, peaks and dips occurred, such as in 2016 when it fell to around $41,117.52, only to climb to $50,359.12 by 2021. This trend could suggest increased economic opportunities or wage growth, making the region potentially appealing for investors, builders, and new residents who might see a favorable economic environment. Real estate agents and appraisers might find these increasing incomes indicative of rising home values, while insurance agents could anticipate growing market demand.
Average State and Local Income Taxes Per Tax Return in Roane County, WV Over the Last 10 Years
Roane County, West Virginia has seen significant fluctuations in state and local income taxes per tax return over the last decade. Starting at $5,626.76 in 2012 and experiencing relatively stable growth until 2017, an unexpected leap occurred, reaching $6,978.46. By 2018, there was a sharp increase to $10,330.00, with a slight dip in subsequent years but peaking again at $10,750.00 in 2021. This variability can be crucial for anyone considering investments or property development, suggesting potential changes in taxable income or tax rates that could impact financial planning.
Average Total Tax Liability Per Tax Return in Roane County, WV Over the Last 10 Years
Roane County, West Virginia has experienced notable fluctuations in average total tax liability per tax return over the past decade. Although there have been periods of relative stability, such as in 2018 ($6299.41) and 2020 ($6236.94), other years saw significant changes, most recently culminating in a peak of $7207.80 in 2021. This trend suggests varying financial pressures and economic conditions, which could influence decisions around investments and property development. It might be prudent for stakeholders to consider these variations when assessing long-term commitments in the region.
Cost of Living in Roane County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $988 | $1,279 | $3,162 | $896 | $1,545 |
| 1 adult 4 children | $988 | $1,044 | $2,428 | $896 | $1,497 |
| 2 adults 3 children | $988 | $1,045 | $2,738 | $896 | $1,218 |
| 1 adult 3 children | $988 | $853 | $2,005 | $896 | $1,176 |
| 2 adults 2 children | $738 | $855 | $2,314 | $781 | $1,008 |
| 1 adult 2 children | $738 | $639 | $1,581 | $781 | $853 |
| 2 adults 1 child | $738 | $676 | $1,890 | $409 | $916 |
| 1 adult 1 child | $738 | $437 | $1,157 | $409 | $691 |
| 2 adults | $653 | $543 | $1,467 | $0 | $788 |
| 1 adult | $614 | $296 | $733 | $0 | $592 |
Safety trends & Data
Roane County, West Virginia has experienced notable shifts in property crime trends over the past five years. Burglary incidents have remained low, peaking at 9.0 in 2019 and dropping to 3.0 in 2022. Conversely, Larceny-Theft surged from 15.0 in 2018 to 41.0 in 2022, a significant consideration for investors and insurers. Motor Vehicle Theft has sharply declined to 1.0 by 2022, and Vandalism has decreased from 16.0 in 2019 to 3.0 in 2022. These crime statistics could influence real estate... Read more
Property Crime Trends in Roane County, WV Over the Last 5 Years
Over the past five years, Roane County, West Virginia has seen fluctuating trends in property crimes. Burglary incidents generally remain low, peaking at 9.0 in 2019 but falling to 3.0 in 2022. Larceny - Theft saw a significant increase from 15.0 in 2018 to 41.0 in 2022, an important factor for investors and insurance agents. Motor Vehicle Theft saw a sharp decline, notably down to 1.0 by 2022. Vandalism also decreased, from 16.0 in 2019 to just 3.0 in 2022. This variability in crime statistics might impact real estate valuations and insurance premiums while also influencing the decisions of potential residents and property developers.
Demographics
Roane County, West Virginia, shows a slightly higher number of females compared to males among its adult population. Education-wise, a significant portion of residents have completed high school or some college, while fewer hold advanced degrees. The age distribution suggests a notably larger elderly population, with those aged 55 and above forming a substantial segment. Racially, the county is predominantly White, with minimal representation from other racial groups. Insights into these... Read more
Race Distribution in Roane County, West Virginia (2022)
Educational Attainment in Roane County, West Virginia (2022)
Age Distribution in Roane County, West Virginia
Citizen Population in Roane County, West Virginia (2022)
Political Trends & Data
Roane County, West Virginia, leans heavily Republican, with around 73.1% of votes in the 2020 U.S. Presidential Election going to the GOP. Democrats captured roughly 25.2% of the vote, while smaller parties barely registered, with the Libertarian and Green parties earning about 1.2% and 0.5%, respectively. This significant tilt towards Republican candidates is consistent with broader state... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Roane County, West Virginia, the 2020 U.S. Presidential Election saw Republicans potentially dominating the vote with around 73.1%, while Democrats garnered approximately 25.2%. The Libertarian and Green parties trailed significantly, capturing just about 1.2% and 0.5% of the votes, respectively. This voting behavior points to a strong leaning towards Republican candidates in the county, reflecting broader state-wide trends in West Virginia.
73.10% of voters voted for the Republican party in the 2020 Presidential Election
25.25% of voters voted for the Democrat party in the 2020 Presidential Election
1.20% of voters voted for the Livertarian party in the 2020 Presidential Election
0.45% of voters voted for the Green party in the 2020 Presidential Election
School Data
Roane County, West Virginia has seen a decline in its student-to-teacher ratio over the past decade, dropping from about 13 to under 12 students per teacher. With the current ratio around 12, below the national average of 14, this trend could signal better educational settings and more personalized attention, making the area more appealing to families and potentially influencing property values. Real estate agents and investors might find this particularly noteworthy as educational resources... Read more
Student-to-teacher ratio in Roane County, West Virginia over the last 10 years
Roane County, West Virginia has seen a decline in its student-to-teacher ratio over the past decade, fluctuating from about 13 students per teacher in 2014 to under 12 in recent years. With the current ratio around 12, it is below the national average of 14 students per teacher, potentially indicating smaller class sizes and potentially more personalized attention for students. This trend might appeal to families looking for better educational settings and can influence property values as well, making it of particular interest to real estate agents, property investors, and appraisers. Moreover, educational resources per student can be a significant factor for those considering a move to Roane County, contributing to the attractiveness of the area.
