Summers County Real Estate and Livability Trends
Summers County, West Virginia, has experienced a notable increase in median home values, rising from $89,200 in 2015 to $123,400 in 2022, signaling an upward trend attractive to potential investors despite lagging behind state and national averages. The area has seen substantial economic growth, hinted at by the rise in average taxable income per tax return from $38,436.08 in 2013 to $47,920.50... Read more
Summers County Market Trends
Summers County, West Virginia has seen a notable rise in median home values, jumping from $89,200 in 2015 to $123,400 in 2022, though still below the state and national averages. Residential energy tax credits per return have also seen significant fluctuations, peaking at about $533.33 in 2021, which could signal growing investments in energy efficiency. Real estate taxes have shown a general... Read more
Median Value of Occupied Housing Units in Summers County, West Virginia Over the Last 8 Years
Summers County, West Virginia has witnessed remarkable growth in median home values over the last eight years, climbing from $89,200 in 2015 to $123,400 in 2022. Despite this steady increase, it remains lower than both the state average of $145,800 and the national average of $179,400 in 2022. This growth trend might indicate a future potential for value appreciation, making the area an intriguing option for investors or prospective homeowners looking for more affordable entry points compared to broader averages.
Residential Energy Tax Credit Per Tax Return in Summers County, WV Over the Last 6 Years
Summers County, West Virginia has shown notable fluctuations in its average residential energy tax credit per tax return over the past six years. The values ranged from roughly $233.33 in 2016 to about $533.33 in 2021, with significant increases observed particularly in 2019 and 2021. This trend could hint at growing investments in energy-efficient home improvements or possibly reflect changes in tax policies or incentives. For investors, real estate developers, and residents, these trends might suggest an area increasingly focused on energy efficiency, making it potentially attractive for sustainable development projects and eco-conscious living.
Average Real Estate Taxes Per Tax Return in Summers County, WV Over the Last 10 Years
Summers County, West Virginia has experienced notable fluctuations in average real estate taxes per tax return over the past decade. The trend reveals a general increase from about $853.49 in 2012 to a peak of approximately $1933.33 in 2018, with subsequent years displaying lower, yet still elevated values compared to the early part of the decade. This volatility suggests an evolving real estate market with potential implications for property investments, valuations, and cost assessments for both existing and new homeowners. Those considering real estate opportunities in the area might find this data indicative of shifting fiscal demands.
Percentage of Farm Returns in Summers County, WV Over the Last 10 Years
Summers County, West Virginia has seen fluctuations in the percentage of farm tax returns over the last decade, although the overall trend suggests a relatively stable agricultural presence. The percentage peaked in 2016 at around 5.32% but has seen a slight dip to approximately 4.79% by 2021. Farm returns, which reflect the number of tax filings from agricultural activities, offer insight into the county's economic reliance on farming. Investors and property developers might find these figures indicative of a steady, yet slightly declining agricultural sector, which could influence land use decisions and local market dynamics.
Number of Mortgages by Occupancy Type in Summers County, WV Over the Last 5 Years in Summers County
Summers County, West Virginia, shows a significant fluctuation in mortgage activity over a five-year period, with principal residences consistently dominating the market, while investment properties and second residences play smaller roles. Variations in occupancy types could suggest shifts in the local economic landscape or demographic changes, providing valuable insights to investors and developers. For example, a consistent uptick in investment property mortgages might imply a growing interest in rental markets or commercial ventures, while changes in second residence figures could reflect the county's appeal as a vacation or retirement destination. This data is crucial for real estate agents, appraisers, and insurance agents to gauge property demand and risk, and for those looking to move or invest in Summers County.
Economic Outlook
Summers County, West Virginia has seen a gradual rise in average taxable income per tax return, growing from $38,436.08 in 2013 to $47,920.50 by 2021. This could hint at improving economic conditions, which might interest investors and real estate agents scouting for growth potential or higher property values. Meanwhile, the fluctuating average state and local income taxes per tax return, reaching a peak of $10,166.67 in 2020 before dropping to $8,450.00 in 2021, indicates shifting economic... Read more
Average Taxable Income per Tax Return in Summers County, WV over the last 9 years
Over the past nine years, Summers County, West Virginia has experienced a gradual increase in the average taxable income per tax return. Starting at approximately $38,436.08 in 2013, the income grew to around $47,920.50 by 2021. This trend could suggest an improving economic climate or rising wages in the county, which might interest potential investors and real estate agents. Prospective homebuyers and those looking to build property might view this positively as it could hint at increased property values and a potentially higher standard of living. Additionally, insurance agents and appraisers might also find these figures relevant when assessing risk and property value.
Average State and Local Income Taxes Per Tax Return in Summers County, WV Over the Last 10 Years
In Summers County, West Virginia, the past decade has seen a fluctuating trend in average state and local income taxes per tax return. There was a noticeable increase from 2015 ($6,107.50) to a peak in 2020 ($10,166.67), before dipping slightly in 2021 ($8,450.00). These shifts could suggest economic changes influencing taxpayer obligations, potentially impacting financial planning decisions for investors, potential residents, and professionals in real estate and insurance. Understanding these variations could be key for anyone considering property or investments in the area.
Average Total Tax Liability Per Tax Return in Summers County, WV Over the Last 10 Years
Over the past decade, Summers County, West Virginia has experienced a notable fluctuation in average total tax liability per tax return, ranging from $4,857.19 in 2012 to a peak of $6,083.38 in 2021. The upward trend, particularly significant since 2020, may reflect changes in income levels, property values, or tax policies. This potential increase in financial obligations could influence decisions for investors, new residents, and real estate professionals considering this area.
Cost of Living in Summers County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,049 | $1,319 | $3,100 | $1,081 | $1,641 |
| 1 adult 4 children | $1,049 | $1,077 | $2,380 | $1,081 | $1,596 |
| 2 adults 3 children | $1,049 | $1,078 | $2,684 | $1,081 | $1,308 |
| 1 adult 3 children | $1,049 | $880 | $1,965 | $1,081 | $1,279 |
| 2 adults 2 children | $738 | $882 | $2,269 | $942 | $1,044 |
| 1 adult 2 children | $738 | $659 | $1,550 | $942 | $903 |
| 2 adults 1 child | $738 | $697 | $1,854 | $494 | $930 |
| 1 adult 1 child | $738 | $450 | $1,134 | $494 | $705 |
| 2 adults | $561 | $560 | $1,438 | $0 | $745 |
| 1 adult | $557 | $305 | $719 | $0 | $564 |
Safety trends & Data
Property crime trends in Summers County, West Virginia, reveal fluctuations with notable spikes in larceny-theft and burglary in 2018 but a general decline in subsequent years. This generally low and fluctuating crime rate may make Summers County appealing to potential investors, builders, real estate agents, and residents seeking a stable community with manageable property crime... Read more
Property Crime Trends in Summers County, WV Over the Last 5 Years
Property crime trends in Summers County, West Virginia, indicate that while incidents like burglary and larceny-theft have fluctuated over the last five years, overall crime figures remain relatively low. Notably, larceny-theft incidents spiked in 2018 with 12 cases but significantly decreased in subsequent years. Burglary rates also show a decline, with an apparent peak in 2018 and a decrease in 2020 and 2022. Instances of arson, fraud, and vehicle theft are sporadic but minimal. This generally low and fluctuating crime rate may appeal to potential investors, builders, real estate agents, and residents seeking a stable community with manageable property crime risks.
Demographics
Summers County, West Virginia's demographic profile reveals a predominantly White population, with small representations of Black or African American and other races. The educational attainment indicates a high percentage of high school graduates and a notable portion with some college education, though fewer residents hold associate's or higher degrees. Age distribution skews older, with a significant portion of the population aged 55 and above. The gender split shows slightly more females... Read more
Race Distribution in Summers County, West Virginia (2022)
Educational Attainment in Summers County, West Virginia (2022)
Age Distribution in Summers County, West Virginia
Citizen Population in Summers County, West Virginia (2022)
Political Trends & Data
Summers County, West Virginia, leans strongly Republican, with around 73% of residents favoring the GOP in the 2020 U.S. Presidential Election. Democrats lagged significantly behind, drawing roughly 26% of the vote, while third-party candidates, including Libertarians and Greens, barely made a dent at just over 1%. This political climate might influence local policy decisions and community priorities, possibly affecting property values and investment opportunities in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Summers County, West Virginia, leans notably Republican with nearly 73% of votes going to the party in the 2020 U.S. Presidential Election. In contrast, Democrats secured roughly 26% of the vote, while third-party candidates like the Libertarians and Greens garnered minor support, collectively making up just over 1%.
72.95% of voters voted for the Republican party in the 2020 Presidential Election
25.93% of voters voted for the Democrat party in the 2020 Presidential Election
0.93% of voters voted for the Livertarian party in the 2020 Presidential Election
0.20% of voters voted for the Green party in the 2020 Presidential Election
School Data
Summers County, West Virginia has seen a decline in its student-to-teacher ratio from 15 in 2014 to just over 10 by 2023. This trend suggests smaller class sizes and possibly more individualized attention for students, which could attract families looking to move. This could be a positive sign for local real estate, indicating potential demand for housing influenced by the appeal of better educational quality. Also, this trend diverges from the national average of 14 students per teacher,... Read more
Student-to-teacher ratio in Summers County, West Virginia over the last 10 years
Since 2014, Summers County, West Virginia has experienced a notable decline in its student-to-teacher ratio, dropping from 15 to just over 10 by 2023. This decreasing ratio could hint at smaller class sizes and more individualized attention for students, factors that may appeal to families considering relocation. For those investing in property or moving to the area, these trends can be a positive indicator of the local education quality. Real estate agents and appraisers might find these figures useful in assessing the attractiveness and potential demand for housing, while insurance agents could consider the broader community investments in education when assessing risk. This trend notably diverges from the national average of 14 students per teacher, positioning Summers County as a potential outlier in terms of educational commitment and outcomes.
