Wetzel County Real Estate and Livability Trends
Wetzel County, West Virginia's real estate market reveals unique opportunities for potential investors and homeowners. With median home values climbing from $83,500 in 2015 to $106,100 in 2022, the area's affordability might attract those seeking cost-effective investments. Energy-efficient home upgrades appeared to gain traction with residential energy tax credits peaking at $450.00 in 2020.... Read more
Wetzel County Market Trends
Wetzel County's median home values have generally risen from $83,500 in 2015 to $106,100 in 2022, lagging behind West Virginia and national averages, potentially attracting investors and first-time homebuyers due to its affordability. Residential energy tax credits experienced notable fluctuations, peaking at $450.00 in 2020, possibly signaling varying rates of energy-efficient home improvements.... Read more
Median Value of Occupied Housing Units in Wetzel County, West Virginia Over the Last 8 Years
Wetzel County has seen a generally steady increase in median home values over the last eight years, jumping from $83,500 in 2015 to $106,100 in 2022, despite a slight dip in 2020. This localized trend, while positive, still places Wetzel County below both West Virginia and nationwide averages, which were $145,800 and $179,400 respectively in 2022. This could present a relatively affordable investment opportunity compared to other areas, appealing particularly to investors, first-time homebuyers, and others looking to capitalize on lower median home values in an upward-trending market.
Residential Energy Tax Credit Per Tax Return in Wetzel County, WV Over the Last 8 Years
In Wetzel County, West Virginia, the data suggests fluctuations in average residential energy tax credits per tax return over the past eight years. After a peak of $280.00 between 2014 and 2015, there was a notable dip to $241.67 in 2016. The credit rebounded to $300.00 in 2017 and 2019, peaking at $450.00 in 2020 before dropping to $260.00 in 2021. This variability may indicate shifting adoption rates of energy-efficient improvements or alterations in tax credit policies, offering potential insights for appraisers, real estate agents, and investors regarding trends in energy efficiency investments in the area.
Average Real Estate Taxes Per Tax Return in Wetzel County, WV Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Wetzel County, West Virginia, have shown a noticeable increase, peaking at $2042.86 in 2020 before dropping to $1616.67 in 2021. This upward trend, despite the slight dip at the end, generally indicates growing property values or tax rates, which might interest investors evaluating potential returns and those planning to move to the area. Elevated taxes typically suggest improved local services, but using this as an indicator also signals potential increased costs for homebuyers and developers.
Percentage of Farm Returns in Wetzel County, WV Over the Last 10 Years
Farm tax returns in Wetzel County, West Virginia, are a useful indicator for understanding the economic landscape and agricultural vitality of the area. Over the past decade, the percentage of farm returns has fluctuated slightly, ranging from approximately 1.87% to a peak near 2.22%. Such trends might suggest a generally stable yet modest presence of farming activities within the county. For potential investors, property builders, or those considering moving to Wetzel County, this information can reflect the potential for rural investment and small-scale agricultural endeavors. The relatively consistent farm return rates might hint at a steady agricultural sector, possibly presenting opportunities for sustainable farming ventures.
Number of Mortgages by Occupancy Type in Wetzel County, WV Over the Last 5 Years in Wetzel County
In Wetzel County, West Virginia, mortgage patterns over the past five years indicate a consistent focus on principal residences, which dominate the market compared to investment and second residences. Notably, there was a significant peak in 2021 with over 400 principal residence mortgages, suggesting an intriguing spike in homeownership or refinancing that year. Meanwhile, investment property mortgages have seen a relatively modest increase, peaking at 16 in 2022, which could imply a burgeoning interest in investment opportunities. These trends are crucial for potential investors, real estate agents, and developers as shifts in the type of occupancy can influence property values, risk assessments for insurance, and targeted marketing strategies. For appraisers and insurers, understanding these shifts aids in more accurate property valuations and risk predictions, while for those moving to or living in the area, it impacts neighborhood dynamics and available services.
Economic Outlook
Wetzel County, West Virginia, has seen varying trends in average taxable income, peaking at $58,582.83 in 2021, despite notable dips like in 2016. Average state and local income taxes also fluctuated, rising from $6,203.57 in 2012 to $10,600.00 in 2021, with major increases in 2018 and 2019. These tax trends can impact appraisals, insurance rates, and property decisions. Average total tax liability mirrored this volatility, highlighting peaks in 2017 and 2021. These financial shifts suggest... Read more
Average Taxable Income per Tax Return in Wetzel County, WV over the last 9 years
Wetzel County, West Virginia saw fluctuations in average taxable income over the past nine years, peaking notably at $58,582.83 in 2021. Despite some dips, particularly in 2016, the general trend suggests a gradual increase in average income, with significant jumps in 2017 and 2021. This volatility might signal economic factors affecting income levels, offering an essential insight for those looking into economic stability and growth potential in the area.
Average State and Local Income Taxes Per Tax Return in Wetzel County, WV Over the Last 10 Years
Over the past decade, Wetzel County, West Virginia has seen notable fluctuations in average state and local income taxes per tax return, rising from approximately $6,203.57 in 2012 to about $10,600.00 in 2021. Significant jumps, such as from $7,361.84 in 2017 to $9,254.55 in 2018 and then to $11,622.22 in 2019, may indicate economic or policy changes that could be relevant for investors and real estate agents. This trend can impact appraisals, insurance rates, and property decisions, providing both opportunities and risks worth considering.
Average Total Tax Liability Per Tax Return in Wetzel County, WV Over the Last 10 Years
Over the past decade, Wetzel County, West Virginia has witnessed notable fluctuations in average total tax liability per tax return. The liability peaked in 2017 at $8,697.39 and again in 2021 at $8,484.33, with significant drops such as in 2020 where it fell to $6,479.96. These swings could suggest a volatile local economy, potentially influenced by changes in employment, industry growth, and demographic shifts. Investors, real estate agents, and potential homeowners may find these trends pivotal in gauging economic stability and future financial planning in the area.
Cost of Living in Wetzel County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $993 | $1,303 | $3,087 | $1,091 | $1,570 |
| 1 adult 4 children | $993 | $1,064 | $2,370 | $1,091 | $1,531 |
| 2 adults 3 children | $993 | $1,064 | $2,673 | $1,091 | $1,247 |
| 1 adult 3 children | $993 | $869 | $1,957 | $1,091 | $1,215 |
| 2 adults 2 children | $816 | $871 | $2,260 | $951 | $1,054 |
| 1 adult 2 children | $816 | $651 | $1,543 | $951 | $923 |
| 2 adults 1 child | $816 | $689 | $1,846 | $498 | $944 |
| 1 adult 1 child | $816 | $445 | $1,130 | $498 | $724 |
| 2 adults | $620 | $553 | $1,432 | $0 | $757 |
| 1 adult | $565 | $302 | $716 | $0 | $566 |
Safety trends & Data
Wetzel County, West Virginia, has seen fluctuating property crime rates over the past five years, with 2021 marking a notable spike in burglaries (12) and larceny-theft cases (11). This same year also saw an increase in incidents of "Stolen Property: Buying, Receiving, Possessing,” peaking at 9 reported cases. These irregularities could signal varying risk levels for investors and potential property buyers. Insurance agents might find these trends significant when determining coverage... Read more
Property Crime Trends in Wetzel County, WV Over the Last 5 Years
Wetzel County, West Virginia, has shown fluctuating property crime rates over the past five years. Notably, 2021 witnessed a significant spike in burglaries (12) and larceny-theft cases (11), whereas other years generally saw lower figures for these crimes. The category of "Stolen Property: Buying, Receiving, Possessing" also peaked in 2021 with 9 reported incidents. For those evaluating investment potential or property values, these irregularities could indicate varying risk levels. Additionally, insurance agents might consider these trends when assessing coverage needs.
Demographics
Wetzel County, West Virginia, showcases a balanced adult population with a slight lean towards females. A significant portion of the population has attained a high school diploma or equivalent, while fewer have advanced to graduate or professional degrees. The age distribution suggests a larger population of older adults, particularly those aged 55 to 64. This county remains predominantly White, with tiny percentages of other races represented. Such demographic details may hint at targeted... Read more
Race Distribution in Wetzel County, West Virginia (2022)
Educational Attainment in Wetzel County, West Virginia (2022)
Age Distribution in Wetzel County, West Virginia
Citizen Population in Wetzel County, West Virginia (2022)
Political Trends & Data
In Wetzel County, West Virginia, Republican candidates likely dominated the 2020 U.S. Presidential Election, capturing a significant majority of the votes. Democrats probably faced challenges, securing only a small portion of the vote share. Minor parties, including the Libertarian and Green parties, seemingly had minimal impact, echoing broader national trends where third-party influence remains... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Wetzel County, West Virginia, Republican candidates likely held a dominant position in the 2020 U.S. Presidential Election with a significant majority of the vote share. Democrats may have struggled, capturing only a small fraction of the total votes compared to Republicans. Minor parties like the Libertarian and Green parties appear to have had a marginal presence, reflecting broader national trends where third-party impact tends to be minimal.
74.89% of voters voted for the Republican party in the 2020 Presidential Election
23.08% of voters voted for the Democrat party in the 2020 Presidential Election
1.54% of voters voted for the Livertarian party in the 2020 Presidential Election
0.48% of voters voted for the Green party in the 2020 Presidential Election
School Data
Wetzel County, West Virginia, has seen a notable drop in student-to-teacher ratios, falling from approximately thirteen students per teacher in 2014 to just over nine in 2023. This shift suggests smaller class sizes compared to the national average, potentially attracting families seeking a more personalized educational experience. Real estate investors might find this appealing, as it signifies a community that values education and could offer a stable living environment. Appraisers and... Read more
Student-to-teacher ratio in Wetzel County, West Virginia over the last 10 years
Wetzel County, West Virginia, has seen its student-to-teacher ratio decrease significantly over the past decade, dropping from approximately thirteen students per teacher in 2014 to just over nine in 2023. This trend indicates smaller class sizes compared to the national average of fourteen students per teacher, suggesting a more personalized educational experience. These shifting dynamics may be appealing to families seeking a more attentive academic environment, which could influence local real estate demand. For those investing or building property, the lower ratios might signify a community valuing education—potentially offering a more stable and attractive environment. For appraisers and insurance agents, understanding these changes is crucial for accurately assessing property values and risks, as smaller class sizes often correlate with perceived higher quality of life.
