Upshur County Real Estate and Livability Trends
Upshur County, West Virginia's real estate market hints at an evolving landscape that's both promising yet cautious. Average taxable incomes surged to $55,649.09 in 2021, signaling potential investment allure, though increased state and local taxes, reaching $13,250.00 in 2020, could deter some. Rising median home values hitting $153,600 in 2022, still below the national average, point to growing... Read more
Upshur County Market Trends
Upshur County, West Virginia, has experienced a steady rise in median home values, peaking at $153,600 in 2022, compared to the state median of $145,800, yet still lower than the national median of $179,400. This increase in property values, coupled with an uptick in real estate taxes from $1,068.48 in 2012 to about $1,712.50 in 2021, suggests growing market potential but also higher long-term... Read more
Median Value of Occupied Housing Units in Upshur County, West Virginia Over the Last 8 Years
Upshur County, West Virginia has seen a steady increase in median home values over the past eight years, peaking at $153,600 in 2022. This local growth mirrors the state trend but at a slightly higher rate, surpassing West Virginia's 2022 median of $145,800. Nationally, however, the median home value was $179,400 in the same year, indicating that Upshur County still remains an affordable option. This upward trajectory in home value could make Upshur County an attractive locale for potential investors or new residents seeking growth opportunities in the housing market.
Residential Energy Tax Credit Per Tax Return in Upshur County, WV Over the Last 8 Years
Over the past eight years in Upshur County, West Virginia, the average residential energy tax credit per tax return has demonstrated fluctuations, peaking notably at $660.00 in 2019. Despite some years seeing a dip, such as $200.00 in 2020, there's a general upward and downward trend that might imply varying levels of investment in energy-efficient improvements by residents. This volatility could interest real estate agents, property developers, and insurers who are evaluating the long-term sustainability and energy efficiency initiatives in the region. Investors might find these fluctuations indicative of broader economic conditions affecting local homeowner improvements and retrofit activities.
Average Real Estate Taxes Per Tax Return in Upshur County, WV Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Upshur County, West Virginia have generally trended upward, increasing from approximately $1,068.48 in 2012 to about $1,712.50 in 2021. A notable spike occurred between 2017 and 2018, jumping from around $1,409.26 to approximately $1,742.11. This rise might suggest an increase in property values or changes in tax policy, which could be of interest to potential investors, real estate agents, and appraisers. Additionally, those looking to insure property in the area or build homes might want to consider these progressively higher tax obligations since they can significantly impact long-term costs.
Percentage of Farm Returns in Upshur County, WV Over the Last 10 Years
Over the past decade, Upshur County, West Virginia has seen farm tax returns consist of about 3 to 3.5 percent annually. This trend suggests a reasonably stable investment environment for agricultural activities, despite minor fluctuations year to year. Farm tax returns, typically filed by those generating income through farming, can provide insights into the health and viability of the local agricultural sector—crucial for investors and potential residents interested in rural or farm properties. With rates hovering consistently in this range, those looking to build or invest in agricultural land might find Upshur County a somewhat predictable market.
Number of Mortgages by Occupancy Type in Upshur County, WV Over the Last 5 Years in Upshur County
Principal residence mortgages in Upshur County, West Virginia, have shown a steady increase over the past five years, peaking in 2021 with 715 mortgages. In contrast, investment property and second residence mortgages have remained relatively stable, with investment property mortgages slightly declining and second residence mortgages seeing minimal changes. These shifts hint at a growing preference for primary homes, possibly signaling improved local economic conditions or changing demographics. For investors, this trend could imply lower yields on rental properties due to less growth in investments. Real estate agents might find more opportunities in the primary home market, while appraisers and insurance agents should note the increasing demand for primary residences, possibly impacting property values and insurance requirements.
Economic Outlook
Upshur County, West Virginia has seen a generally upward trend in average taxable income per tax return, peaking at $55,649.09 in 2021 after a dip in 2016. This economic resilience could attract investors and property developers, though the fluctuating total tax liability peaking at $7,882.70 in 2021 suggests an evolving landscape needing cautious financial planning. Rising state and local income taxes, which hit $13,250.00 in 2020, may indicate increasing property values but also pose a... Read more
Average Taxable Income per Tax Return in Upshur County, WV over the last 9 years
Over the last nine years, Upshur County, West Virginia has shown a fluctuating but generally upward trend in the average taxable income per tax return. After a notable dip in 2016 to $44,958.84, there was a recovery, with 2021 seeing a peak at $55,649.09. This indicates potential economic resilience and growth, making it a potentially attractive area for investors, property developers, and real estate agents. However, such trends also suggest caution for insurance agents and appraisers, as they might need to account for economic variability when assessing risks and assets.
Average State and Local Income Taxes Per Tax Return in Upshur County, WV Over the Last 10 Years
Upshur County, West Virginia has seen its average state and local income taxes per tax return rise notably over the last decade. Starting at approximately $6,492.78 in 2012, these taxes peaked at around $13,250.00 by 2020, before settling slightly lower at $12,488.89 in 2021. This upward trend might suggest increasing incomes or property values, potentially making the county more appealing for investors and real estate professionals, although it also hints at rising taxation pressures for residents. Insurance agents and appraisers could find these trends relevant when assessing risk and valuation for properties in this area.
Average Total Tax Liability Per Tax Return in Upshur County, WV Over the Last 10 Years
Over the past decade, Upshur County, West Virginia has displayed notable fluctuations in average total tax liability per tax return. The figures have oscillated between a low of approximately $6,423.84 in 2018 and a peak of around $7,158.92 in 2014, with a significant spike up to $7,882.70 in 2021. This variability potentially presents opportunities and challenges for investors, property builders, and real estate agents, suggesting an evolving economic landscape that could affect financial planning and risk assessment.
Cost of Living in Upshur County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,004 | $1,259 | $3,087 | $1,111 | $1,571 |
| 1 adult 4 children | $1,004 | $1,028 | $2,370 | $1,111 | $1,567 |
| 2 adults 3 children | $1,004 | $1,028 | $2,673 | $1,111 | $1,277 |
| 1 adult 3 children | $1,004 | $839 | $1,957 | $1,111 | $1,224 |
| 2 adults 2 children | $806 | $842 | $2,260 | $969 | $1,051 |
| 1 adult 2 children | $806 | $629 | $1,543 | $969 | $923 |
| 2 adults 1 child | $806 | $665 | $1,846 | $507 | $941 |
| 1 adult 1 child | $806 | $430 | $1,130 | $507 | $725 |
| 2 adults | $633 | $534 | $1,432 | $0 | $762 |
| 1 adult | $629 | $292 | $716 | $0 | $591 |
Safety trends & Data
In Upshur County, West Virginia, property crime trends have shown some fluctuation over the past five years. Larceny-theft has been the most prevalent, peaking at 107 incidents in 2019 before dropping to 55 in 2021. Burglary incidents spiked in 2020 but were otherwise infrequent, and vandalism saw a notable decline after 2018. Fraud and forgery have remained relatively low and steady. These varying crime trends, particularly the fluctuations in theft, could have differing impacts on residential... Read more
Property Crime Trends in Upshur County, WV Over the Last 5 Years
Property crime in Upshur County, West Virginia, has seen some varying trends over the past five years, with larceny-theft consistently being the most reported crime, peaking at 107 in 2019 and dropping to 55 in 2021. Burglary incidents spiked briefly in 2020 but remained infrequent otherwise. Vandalism cases were notable in 2018 and then saw a decline, while incidents of fraud and forgery have remained relatively low and steady. Overall, these trends suggest varying degrees of property crime concerns, particularly with theft, which could impact residential and commercial stakeholders differently.
Demographics
Upshur County, West Virginia skews slightly more male than female with a fairly balanced gender distribution. Age-wise, the community shows a notable clustering in the 45 to 64 age range, suggesting a middle-aged majority. Educational attainment reveals a significant portion of residents with only a high school diploma, while those with advanced degrees are comparatively few. The overwhelming racial majority is White, with minimal representation from other racial groups. This data points to a... Read more
Race Distribution in Upshur County, West Virginia (2022)
Educational Attainment in Upshur County, West Virginia (2022)
Age Distribution in Upshur County, West Virginia
Citizen Population in Upshur County, West Virginia (2022)
Political Trends & Data
Upshur County, West Virginia, shows a pronounced partisan preference with around 76% of the votes in the 2020 U.S. Presidential Election going to the Republican candidate. The Democratic candidate secured approximately 22%, while the Libertarian and Green parties had minimal influence with roughly 1.6% and 0.3% respectively. This significant lean towards the Republican party could impact local policies, outlook, and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Upshur County, West Virginia, the voting patterns from the 2020 U.S. Presidential Election suggest a strong Republican presence, with an estimated 76% of the vote going to the Republican candidate. Around 22% of the votes were cast for the Democratic candidate, while the Libertarian and Green parties appeared to have minimal impact, receiving roughly 1.6% and 0.3% respectively. This distribution could indicate a notable partisan preference among the electorate in this county.
76.03% of voters voted for the Republican party in the 2020 Presidential Election
22.07% of voters voted for the Democrat party in the 2020 Presidential Election
1.63% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
School Data
Over the past decade, Upshur County, West Virginia has seen its student-to-teacher ratio climb from around thirteen in 2014 to 16.5 in 2023, suggesting larger class sizes compared to the national average of fourteen. For investors, real estate agents, and potential movers, this trend could indicate impacts on educational quality, possibly influencing property values and insurance assessments in the... Read more
Student-to-teacher ratio in Upshur County, West Virginia over the last 10 years
Over the past decade, Upshur County, West Virginia has experienced fluctuations in its student-to-teacher ratio, starting at around thirteen in 2014 and peaking at over sixteen in recent years, with 2023's ratio at 16.5. This trend potentially surpasses the national average of fourteen, indicating a higher classroom density. For investors, real estate agents, and those considering moving to the area, a higher student-to-teacher ratio might imply larger class sizes, which could impact educational quality. This shift in educational environment might also influence property values and insurance assessments, suggesting a need for detailed evaluation for those keen on long-term investments or family relocations.
