Taylor County Real Estate and Livability Trends
Home values in Taylor County, West Virginia rose from $88,800 in 2015 to $138,100 in 2022, making it an attractive option for buyers seeking affordability compared to state and national medians. Consistently rising average taxable income per tax return, from around $48,023.88 in 2013 to $62,003.34 by 2021, hints at a gradually strengthening local economy, which could be appealing to investors and... Read more
Taylor County Market Trends
Taylor County, West Virginia has seen a notable rise in home values, jumping from $88,800 in 2015 to $138,100 in 2022, yet staying below state and national medians. This suggests a more affordable market, potentially enticing for investors or buyers looking for lower entry points. Energy tax credits per return peaked at $471.43 in 2021, reflecting perhaps increased investments in energy-efficient... Read more
Median Value of Occupied Housing Units in Taylor County, West Virginia Over the Last 8 Years
Taylor County, West Virginia has seen substantial growth in median home values over the past eight years, escalating from $88,800 in 2015 to $138,100 in 2022. This trajectory, though significant, remains below the state and national medians, which stood at $145,800 and $179,400 respectively in 2022. This indicates a more affordable market relative to larger scales, potentially making Taylor County an attractive destination for investors or homebuyers seeking lower entry points in West Virginia's rapidly appreciating housing market.
Residential Energy Tax Credit Per Tax Return in Taylor County, WV Over the Last 8 Years
Over the past eight years, Taylor County, West Virginia, has seen a notable fluctuation in the average residential energy tax credit per tax return. Peaks in 2015 with an average of about $353.85 and in 2021 reaching approximately $471.43 stand out, indicating possible periods of increased investment in energy-efficient home improvements. The dips in 2017 and 2020, dropping to $275.00 and $240.00 respectively, might suggest economic conditions or policy changes impacting residents' engagement with energy tax credits. This variability could be crucial for appraisers, real estate agents, and investors, suggesting a mixed but potential interest in energy efficiency upgrades among homeowners in the area.
Average Real Estate Taxes Per Tax Return in Taylor County, WV Over the Last 10 Years
Real estate taxes in Taylor County, West Virginia have exhibited a significant upward trend over the last decade, peaking at $2194.44 per tax return in 2021. Investors and potential homeowners should note the substantial increase from 2012 to 2021, which could reflect rising property values and potentially higher municipal costs. With a sharp jump around 2018, peaking again in 2021, it's essential for appraisers, insurance agents, and real estate professionals to factor in these rising taxes when evaluating property costs and investment returns in the area.
Percentage of Farm Returns in Taylor County, WV Over the Last 10 Years
Over the last decade, farm tax returns in Taylor County, West Virginia have generally fluctuated around 3.3%. There was a notable dip in 2019 to 2.99%, followed by a modest recovery. These percentages offer insights into the local agricultural economy, which could resonate with investors, potential new residents, or property developers looking for stability and growth potential. It's worth considering how these farm returns reflect broader economic conditions and agricultural trends within the county.
Number of Mortgages by Occupancy Type in Taylor County, WV Over the Last 5 Years in Taylor County
The data from Taylor County, West Virginia over the last five years suggests that principal residences have consistently dominated the mortgage market, with a notable peak in 2021. Investment properties and second residences contribute minimally in comparison. These trends could indicate a strong local preference for owner-occupied single-family homes, which might appeal to investors focusing on rental markets. For appraisers and insurance agents, understanding these dynamics can influence property valuations and risk assessments. Real estate agents and developers may also find these insights useful for targeting their services to the most active segments of the housing market.
Economic Outlook
Taylor County, West Virginia has experienced a gradual rise in average taxable income per tax return from roughly $48,023.88 in 2013 to about $62,003.34 by 2021. This consistent increase suggests a potentially strengthening local economy, which might appeal to investors and real estate developers. Alongside this, average state and local income taxes have shown a notable rise from $5,910.58 in 2012 to $12,065.00 in 2021, potentially indicating growing incomes or tax policy changes. Average total... Read more
Average Taxable Income per Tax Return in Taylor County, WV over the last 9 years
Over the past nine years, Taylor County, West Virginia has seen a notable, albeit gradual, increase in the average taxable income per tax return. Starting from around $48,023.88 in 2013, the average rose to approximately $62,003.34 by 2021. This consistent upward trend could suggest a strengthening local economy, which might be appealing for investors, real estate agents, and individuals looking to move or build property in the area. The climb is gradual yet steady, indicating potential stability in economic growth, which could be an intriguing aspect for appraisers and insurance agents assessing risk and value in the county.
Average State and Local Income Taxes Per Tax Return in Taylor County, WV Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Taylor County, West Virginia have shown a significant upward trend. Starting at around $5,910.58 in 2012, the values have generally increased, peaking at $12,065.00 in 2021. This hike could imply growing income levels or adjustments in tax policies, both of which are key considerations for potential investors, real estate professionals, and those contemplating relocation to the area.
Average Total Tax Liability Per Tax Return in Taylor County, WV Over the Last 10 Years
Over the last decade, Taylor County, West Virginia, has seen a general upward trend in the average total tax liability per tax return, starting from $6,279.92 in 2012 and rising to $8,814.05 in 2021. This upward trajectory, with occasional fluctuations, suggests increasing income levels or changes in tax regulations. For potential investors, property developers, and real estate agents, this pattern hints at a growing economic base, yet it's crucial to assess factors like local economic development and demographic shifts. For appraisers and insurance agents, understanding these trends can assist in making more accurate assessments and policy pricing.
Cost of Living in Taylor County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $953 | $1,404 | $3,087 | $1,084 | $1,617 |
| 1 adult 4 children | $953 | $1,146 | $2,370 | $1,084 | $1,593 |
| 2 adults 3 children | $953 | $1,147 | $2,673 | $1,084 | $1,307 |
| 1 adult 3 children | $953 | $936 | $1,957 | $1,084 | $1,244 |
| 2 adults 2 children | $783 | $939 | $2,260 | $945 | $1,076 |
| 1 adult 2 children | $783 | $701 | $1,543 | $945 | $944 |
| 2 adults 1 child | $783 | $742 | $1,846 | $495 | $960 |
| 1 adult 1 child | $783 | $479 | $1,130 | $495 | $733 |
| 2 adults | $635 | $596 | $1,432 | $0 | $786 |
| 1 adult | $556 | $325 | $716 | $0 | $577 |
Safety trends & Data
Over the past five years, Taylor County, West Virginia has seen fluctuating property crime trends, with larceny-theft peaking in 2020 at 11 cases and burglary incidents showing unpredictability but appearing to decline from a peak of seven cases the same year. Fraud and vandalism remain low, rarely exceeding three incidents annually. These crime variations could impact property values and insurance premiums, making them essential considerations for real estate agents, investors, and insurance... Read more
Property Crime Trends in Taylor County, WV Over the Last 5 Years
Over the past five years, Taylor County, West Virginia has experienced fluctuating trends in property crimes. Larceny-theft typically sees the highest occurrence with a notable spike in 2020 at 11 reported cases. Burglary rates, which peaked with seven cases in 2020, have shown unpredictability but seem to be on a downward trend. Fraud and vandalism cases remain relatively low, rarely exceeding three incidents per year. Real estate agents, investors, and insurance agents should note these crime variations as they could influence property values and insurance premiums.
Demographics
Taylor County, West Virginia, shows a closely balanced gender distribution among its adult population, implying gender parity in various community aspects. Educational attainment highlights a significant number of high school graduates, but college degree holders appear less prevalent. Age distribution leans towards a larger aging population, potentially impacting local health care and social services. The racial composition is predominantly White, suggesting limited racial diversity in the... Read more
Race Distribution in Taylor County, West Virginia (2022)
Educational Attainment in Taylor County, West Virginia (2022)
Age Distribution in Taylor County, West Virginia
Citizen Population in Taylor County, West Virginia (2022)
Political Trends & Data
Taylor County, West Virginia, showed a significant Republican preference in the 2020 U.S. Presidential Election, with potentially around 74% of votes cast for the GOP candidate. Democratic support seemed much lower, possibly making up just over 24% of the vote. Libertarian and Green Party candidates barely registered, likely pulling in less than 2% of votes combined. This strong conservative lean may play a role in local and state political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Taylor County, West Virginia, saw an overwhelming Republican preference in the 2020 U.S. Presidential Election, with nearly 74% of votes possibly cast for the GOP candidate. In contrast, Democratic support lagged significantly, potentially making up just over 24% of the vote. Libertarians and Green Party candidates, combined, might have barely registered on the electoral radar, each garnering likely less than 2% of votes. This trend suggests a strong conservative lean in the region, which could influence local and state political dynamics.
74.18% of voters voted for the Republican party in the 2020 Presidential Election
24.33% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Green party in the 2020 Presidential Election
School Data
Taylor County in West Virginia has experienced notable fluctuations in its student-to-teacher ratio over the past decade, from 12 students per teacher in 2014 to nearly 16 in 2018. While there's been a slight decrease recently, the ratio still exceeds the national average of 14. This data is particularly relevant for investors, real estate agents, and families considering a move, as it offers a glimpse into the local education environment, potentially impacting property values and community... Read more
Student-to-teacher ratio in Taylor County, West Virginia over the last 10 years
Over the past decade, Taylor County in West Virginia has seen fluctuations in its student-to-teacher ratio, with values ranging from 12 students per teacher in 2014 to a peak of nearly 16 in 2018. Although recent years show a slight decrease, the ratio remains above the US national average of 14 students per teacher. This variability can impact several factors including classroom dynamics, the quality of education, and potentially the demand for schools and teachers in the area. Investors, real estate agents, and families considering moving to Taylor County might find this data relevant as it provides insight into the local education environment, which can affect property values and community desirability.
