Tyler County Real Estate and Livability Trends
Tyler County, West Virginia's average taxable income per tax return has risen erratically yet significantly over nine years, reaching $81,128.76 in 2021, hinting at economic stability. Median home values climbed from $87,100 in 2015 to $109,800 in 2022, offering affordable investment opportunities despite trailing national trends. Real estate taxes surged from $1,058.54 in 2012 to $1,766.67 in... Read more
Tyler County Market Trends
Tyler County, West Virginia has experienced a steady increase in median home values from $87,100 in 2015 to $109,800 in 2022, outpacing the state's growth but still trailing national trends. This could represent a compelling opportunity for investors seeking affordable properties with room for appreciation. Residential energy tax credits fluctuated significantly, peaking at $340.00 in 2015 and... Read more
Median Value of Occupied Housing Units in Tyler County, West Virginia Over the Last 8 Years
Tyler County, West Virginia saw a relatively modest but steady increase in median home values from $87,100 in 2015 to $109,800 in 2022. While this growth is more pronounced than West Virginia’s overall trend—with state values rising from $103,800 to $145,800—it significantly lags behind the national surge, where the median jumped from $125,500 to $179,400. This local growth might signal potential opportunities for investors seeking lower initial costs with room for appreciation, especially in contrast to pricier national averages.
Residential Energy Tax Credit Per Tax Return in Tyler County, WV Over the Last 6 Years
Over the past six years, the average residential energy tax credit per tax return in Tyler County, West Virginia has shown significant fluctuations. Starting at $288.89 in 2013, it increased notably to $340.00 by 2015, which points to a peak of energy-efficient investments during that period. However, this upward trend wasn't sustained, with a drop to $275.00 in 2016. Interestingly, 2020 saw a resurgence with the credit reaching $333.33, only to descend again to $266.67 in 2021. These variances could suggest fluctuating interest or economic capability for energy-efficient upgrades among residents, making Tyler County a potentially volatile market for energy-related investments and services.
Average Real Estate Taxes Per Tax Return in Tyler County, WV Over the Last 10 Years
Over the past decade, Tyler County in West Virginia has seen a notable upward trend in average real estate taxes per tax return. Starting at approximately $1058.54 in 2012, the value rose to around $1766.67 by 2021, peaking at $1920.00 in 2020. This gradual increase suggests growing property assessments, which may impact decisions for investors, real estate agents, and prospective homeowners. For appraisers and insurance agents, keeping abreast of these tax trends is crucial for accurate valuations and risk assessments. Real estate professionals might consider these shifts in tax values when advising clients on long-term property investments in Tyler County.
Percentage of Farm Returns in Tyler County, WV Over the Last 10 Years
Over the last decade, Tyler County, West Virginia has seen a slight but consistent increase in the percentage of farm tax returns, peaking at around 4.88% in 2021. Farm tax returns indicate the proportion of tax filings reporting farm income, reflecting growth in the agricultural sector. This trend suggests that agriculture might be gaining more prominence in the county's local economy. As an investor or property developer, these incremental increases could signal potential opportunities in agribusiness and related sectors. For those considering moving to or investing in Tyler County, understanding these economic shifts could be crucial for making informed decisions.
Number of Mortgages by Occupancy Type in Tyler County, WV Over the Last 5 Years in Tyler County
In Tyler County, West Virginia, mortgage trends over the past five years show fluctuating demand primarily for principal residences, peaking notably in 2021 with 181 mortgages before declining slightly in subsequent years. Investment properties have seen consistent but low activity, while second residences have remained minimal throughout. Changes in occupancy types matter because they can signal shifts in local economic conditions, investment opportunities, and housing market stability. For investors and real estate agents, understanding these patterns can inform strategy for property investments or sales. For insurance agents, the risk profile of properties could change with an increase in certain occupancy types, affecting premium calculations. Appraisers will find value in these trends for accurate property valuations based on market demand.
Economic Outlook
Tyler County, West Virginia's average taxable income per tax return has experienced a somewhat erratic yet upward trajectory over the last nine years, hitting $81,128.76 in 2021. This climb might hint at rising economic stability and earning potential in the area. State and local income taxes per tax return have had notable spikes, jumping from $6,307.32 in 2012 to a hefty $21,783.33 in 2021. These shifts could impact real estate costs and planning for investors and developers. Meanwhile,... Read more
Average Taxable Income per Tax Return in Tyler County, WV over the last 9 years
The average taxable income per tax return in Tyler County, West Virginia has shown a somewhat fluctuating yet upward trend over the past nine years. After modest increases and dips between 2013 and 2016, the most notable surge occurred in 2021 with an average taxable income reaching $81,128.76. This increase might suggest a growing economic stability or increased earnings potential, which could be significant for potential investors, real estate agents, and residents evaluating the economic climate of the area.
Average State and Local Income Taxes Per Tax Return in Tyler County, WV Over the Last 10 Years
Over the past decade, Tyler County, West Virginia has seen significant fluctuations in state and local income taxes per tax return, with notable spikes in recent years. Starting at $6,307.32 in 2012, the amounts rose steadily, peaking dramatically to $19,360.00 in 2019 and even further to $21,783.33 in 2021. This volatility may reflect changes in local economic conditions, tax policies, or population demographics. Potential investors, property developers, and real estate professionals should be aware of these tax trends, as they can impact overall costs and financial planning.
Average Total Tax Liability Per Tax Return in Tyler County, WV Over the Last 10 Years
Over the past decade, Tyler County, West Virginia has experienced a noticeable fluctuation in average total tax liabilities per tax return. The significant jump between 2013 and 2014, followed by another spike in 2021, could indicate shifts in income levels or changes in tax policies. These variations are critical for investors and real estate professionals to consider as they may reflect underlying economic trends and the financial health of the residents. Insurance agents and appraisers might also need to account for these trends when calculating risk and property values in this area.
Cost of Living in Tyler County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $938 | $1,303 | $3,201 | $1,062 | $1,615 |
| 1 adult 4 children | $938 | $1,064 | $2,459 | $1,062 | $1,591 |
| 2 adults 3 children | $938 | $1,064 | $2,772 | $1,062 | $1,308 |
| 1 adult 3 children | $938 | $869 | $2,030 | $1,062 | $1,243 |
| 2 adults 2 children | $771 | $871 | $2,343 | $926 | $1,079 |
| 1 adult 2 children | $771 | $651 | $1,601 | $926 | $947 |
| 2 adults 1 child | $771 | $689 | $1,914 | $485 | $965 |
| 1 adult 1 child | $771 | $445 | $1,171 | $485 | $738 |
| 2 adults | $683 | $553 | $1,485 | $0 | $814 |
| 1 adult | $516 | $302 | $742 | $0 | $573 |
Safety trends & Data
Tyler County, West Virginia, has witnessed fluctuating property crime trends over the past five years that could impact real estate decisions. Burglary cases have notably declined from five in 2019 to just two in 2022, signaling a potential improvement in security. Larceny-theft incidents, however, remain fairly steady, peaking at five incidents in both 2021 and 2022. Vandalism incidents have been unpredictable but dropped significantly from five in 2020 to just one by 2021. These trends may... Read more
Property Crime Trends in Tyler County, WV Over the Last 5 Years
Tyler County, West Virginia, has displayed fluctuating trends in property crimes over the past five years. There's been a notable decline in burglary cases, dropping from five in 2019 to just two in 2022, while larceny-theft incidents have remained fairly consistent, peaking at five in both 2021 and 2022. Vandalism seems sporadic, with a significant drop from five incidents in 2020 to just one by 2021. This kind of data could be crucial for potential investors, property builders, and real estate agents as it highlights the evolving safety landscape, impacting property values and insurance costs.
Demographics
Tyler County, West Virginia exhibits a nearly even gender split among its adult population, with males and females each comprising about half. Educational attainment shows most residents completed high school, but there's a noticeable drop-off in higher education, with fewer pursuing bachelor's or graduate degrees. Age distribution leans towards an older demographic, with a significant portion aged 45 and above, indicating potential challenges in workforce sustainability. The racial composition... Read more
Race Distribution in Tyler County, West Virginia (2022)
Educational Attainment in Tyler County, West Virginia (2022)
Age Distribution in Tyler County, West Virginia
Citizen Population in Tyler County, West Virginia (2022)
Political Trends & Data
In Tyler County, West Virginia, the 2020 U.S. Presidential Election showed a potential strong conservative preference with an estimated 82% of the vote leaning towards the Republican party, while Democrats possibly received around 16%. Libertarian and Green party support appeared minimal, hovering at approximately 1% and 0.2% respectively. These voting patterns could hint at a prevailing conservative viewpoint in the area, potentially influencing local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tyler County, West Virginia, the 2020 U.S. Presidential Election results showed a significant leaning towards the Republican party with an estimated 82% of the vote, while the Democratic party possibly garnered around 16%. Libertarians and the Green party may have seen minimal support, each capturing only about 1% and 0.2% of the vote respectively. These trends could suggest a predominant conservative stance among voters in this county.
82.25% of voters voted for the Republican party in the 2020 Presidential Election
16.09% of voters voted for the Democrat party in the 2020 Presidential Election
1.43% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
School Data
In Tyler County, West Virginia, the student-to-teacher ratio has consistently been below the national average of 14, hitting 12 students per teacher in 2023. This lower ratio suggests more personalized instruction, potentially appealing to families and boosting the attractiveness of the local real estate market. Such educational advantages may also draw attention from investors, appraisers, insurance agents, and builders, underscoring the area's stability and growth... Read more
Student-to-teacher ratio in Tyler County, West Virginia over the last 10 years
The student-to-teacher ratio in Tyler County, West Virginia has generally been below the national average of 14 students per teacher over the last 10 years. In 2023, the ratio was 12 students per teacher, indicating smaller class sizes. This consistently lower ratio likely enhances personalized instruction, which could be appealing for families moving to the area and beneficial for real estate agents highlighting the advantages of local education. Lower student-to-teacher ratios are also attractive to investors and appraisers considering the potential for a stable community and strong educational foundation. For insurance agents and property builders, the emphasis on quality education might be a factor in community growth and development.
