Wirt County Real Estate and Livability Trends
Wirt County, West Virginia, presents a rising real estate market, with median home values jumping from $80,300 in 2015 to $109,200 in 2022. Residents' average taxable income increased from $40,130.04 in 2013 to $47,291.15 in 2021, hinting at an economically strengthening area. Significant fluctuations in local taxes and a stable demand for primary residences may attract real estate investors.... Read more
Wirt County Market Trends
Wirt County, West Virginia's median home values have risen significantly from $80,300 in 2015 to $109,200 in 2022, outpacing the broader state increase. Residential energy tax credits have shown volatility, potentially reflecting changes in energy efficiency investments. Real estate taxes peaked dramatically at $1,500.00 in 2018 before leveling to $1,250.00 in 2021, hinting at economic shifts.... Read more
Median Value of Occupied Housing Units in Wirt County, West Virginia Over the Last 8 Years
Wirt County, West Virginia has seen a consistent if somewhat fluctuating rise in median home values over the past eight years, increasing from $80,300 in 2015 to $109,200 in 2022. This trend is more pronounced in percentage terms than the state of West Virginia, which saw its median home values rise from $103,800 to $145,800 in the same period. Nationally, the increase was even steeper, from $125,500 to $179,400. For investors, movers, or developers, Wirt County's growing housing market could indicate a strong value proposition, especially when compared to broader state and national gains.
Residential Energy Tax Credit Per Tax Return in Wirt County, WV Over the Last 4 Years
The residential energy tax credit per tax return in Wirt County, West Virginia has fluctuated over the past four years, with a notable dip in 2014 and 2015 where the average credit fell to $200.00 followed by a modest increase to $250.00 in 2016. These trends could potentially signify shifts in energy efficiency investments or changes in tax-related incentives. Investors, real estate agents, and property developers might find this data useful as it may reflect homeowner interest and financial readiness for energy-efficient home improvements in the area.
Average Real Estate Taxes Per Tax Return in Wirt County, WV Over the Last 8 Years
Between 2012 and 2021, real estate taxes per tax return in Wirt County, West Virginia have seen a varied trend, peaking dramatically at $1,500.00 in 2018 before settling at $1,250.00 in 2021. These fluctuations offer potential insights for investors and real estate professionals on the financial climate of property ownership in the area, hinting at underlying economic shifts or changes in property valuations that could impact decision-making for those looking to invest or build in Wirt County.
Percentage of Farm Returns in Wirt County, WV Over the Last 10 Years
Wirt County, West Virginia has seen a generally stable trend in the percentage of farm tax returns over the past decade, fluctuating between roughly 6.25% and 7.52%. Farm tax returns reflect the portion of tax filings from agricultural activities, indicating the economic importance of farming to the local area. This steadiness suggests the agricultural sector may continue to be a reliable component of the county's economy, making it worth a closer look for potential investors, property developers, and those considering a move to the region.
Number of Mortgages by Occupancy Type in Wirt County, WV Over the Last 5 Years in Wirt County
Wirt County, West Virginia has shown fluctuating mortgage counts for different occupancy types over the past five years. The majority of mortgages are consistently for principal residences, suggesting a stable demand for primary living spaces. Comparatively, investment properties and second residences have seen minimal activity, with mortgages in these categories remaining relatively low. Changes in the distribution of these occupancy types could impact various stakeholders: for investors, it can signal potential for rental market growth; for appraisers and insurance agents, varying property types necessitate different appraisals and risk profiles; and for potential movers, it highlights the predominant residential nature of the county. Real estate agents and developers might also interpret these trends to better cater to the market demand in Wirt County.
Economic Outlook
In Wirt County, West Virginia, average taxable income per tax return has shown a gradual upward trend over the past nine years, rising from $40,130.04 in 2013 to $47,291.15 in 2021. This potential economic growth could be a promising sign for real estate investors and those looking to build or move into the area. State and local income taxes have seen notable fluctuations, ranging from $4,000.00 in 2019 to around $5,700.00 in 2021, which may influence financial planning for residents and... Read more
Average Taxable Income per Tax Return in Wirt County, WV over the last 9 years
Over the last nine years, Wirt County, West Virginia has shown a general upward trend in average taxable income per tax return, with occasional fluctuations. Starting at $40,130.04 in 2013 and reaching $47,291.15 in 2021, these increments suggest potential economic growth. Notable peaks include $47,664.16 in 2018 and $45,974.67 in 2019, reflecting relatively stable increases. This trend might indicate a strengthening local economy, which could be encouraging for real estate investors, insurance agents, and those looking to move or build property in the area. For appraisers, these shifts in income levels could imply a gradual increase in property values.
Average State and Local Income Taxes Per Tax Return in Wirt County, WV Over the Last 9 Years
Average state and local income taxes per tax return in Wirt County, West Virginia have fluctuated notably over the past nine years, ranging from a low of $4,000.00 in 2019 to a high of around $5,700.00 in 2021. These changes might suggest a volatile tax burden environment which could impact financial planning for potential investors, homebuyers, and existing residents. For professionals like real estate agents, appraisers, and insurers, understanding these tax trends could provide deeper insights into the local economic environment, influencing property valuations and premiums.
Average Total Tax Liability Per Tax Return in Wirt County, WV Over the Last 10 Years
Over the past decade, Wirt County, West Virginia has experienced fluctuating average total tax liabilities per tax return, with figures generally hovering around the $4,650.00 to $5,550.00 mark. Notable spikes were seen in 2014 and 2021, with tax liabilities peaking at $5,562.42 and $5,547.88, respectively, which may indicate periods of increased economic activity or changes in tax regulations. This variability can impact decision-making for investors, real estate agents, and those considering property development or relocation to the area.
Cost of Living in Wirt County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $659 | $1,343 | $3,238 | $1,089 | $1,532 |
| 1 adult 4 children | $659 | $1,097 | $2,487 | $1,089 | $1,499 |
| 2 adults 3 children | $659 | $1,097 | $2,805 | $1,089 | $1,222 |
| 1 adult 3 children | $659 | $896 | $2,053 | $1,089 | $1,136 |
| 2 adults 2 children | $486 | $898 | $2,371 | $946 | $1,006 |
| 1 adult 2 children | $486 | $671 | $1,619 | $946 | $837 |
| 2 adults 1 child | $486 | $710 | $1,937 | $483 | $882 |
| 1 adult 1 child | $486 | $459 | $1,186 | $483 | $646 |
| 2 adults | $412 | $570 | $1,504 | $0 | $732 |
| 1 adult | $409 | $311 | $752 | $0 | $540 |
Safety trends & Data
Wirt County, West Virginia has seen varied property crime incidents over the past four years, with notable spikes in larceny-theft during 2020 and 2021. Occasional incidents of burglary, fraud, and motor vehicle theft also paint a picture of generally low but stable crime rates, which could impact property values and insurance premiums. This could be particularly relevant for investors, real estate agents, and potential homebuyers looking to understand the area’s risk... Read more
Property Crime Trends in Wirt County, WV Over the Last 4 Years
Wirt County, West Virginia has experienced varied property crime incidents over the past four years, with larceny-theft showing up twice in 2020 and 2021. Other notable crimes include isolated incidents of burglary, fraud, and motor vehicle theft. For investors, real estate agents, and those considering a move, this data might suggest a generally low but stable crime rate with occasional spikes in specific types of property crime. Appraisers and insurance agents might find this information useful for evaluating risk and property values.
Demographics
Wirt County, West Virginia, shows the adult population almost evenly split between males and females. The educational attainment profile suggests that high school graduates form the majority, while a smaller portion has achieved a bachelor’s or higher degree. Most residents are concentrated in the 25 to 64 age range, with notably smaller young adult and elderly populations. Racially, the area is overwhelmingly White, with other racial groups barely represented. These insights hint at a... Read more
Race Distribution in Wirt County, West Virginia (2022)
Educational Attainment in Wirt County, West Virginia (2022)
Age Distribution in Wirt County, West Virginia
Citizen Population in Wirt County, West Virginia (2022)
Political Trends & Data
Wirt County, West Virginia, may have leaned heavily Republican in the 2020 U.S. Presidential Election with possibly over 80% support, while Democrats were likely trailing with just under 18%. Minor parties, such as the Libertarian and Green parties, seemed to have garnered minimal backing, around 1.7% and 0.3% respectively. This distribution could suggest a strong conservative presence in the county, potentially influencing local and state political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wirt County, West Virginia, may have leaned heavily Republican in the 2020 U.S. Presidential Election with possibly over 80% support, while Democrats were likely trailing with just under 18%. Minor parties, such as the Libertarian and Green parties, seemed to have garnered minimal backing, around 1.7% and 0.3% respectively. This distribution could suggest a strong conservative presence in the county, potentially influencing local and state political dynamics.
80.44% of voters voted for the Republican party in the 2020 Presidential Election
17.57% of voters voted for the Democrat party in the 2020 Presidential Election
1.70% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
School Data
Wirt County, West Virginia, has seen its student-to-teacher ratio decrease from around 13 in 2014 to roughly 12 in 2023, now below the national average of 14. This trend might attract families focused on education, offering real estate agents and investors a compelling selling point. Insurance agents and appraisers may also view this shift as beneficial, considering the correlation between education quality and housing... Read more
Student-to-teacher ratio in Wirt County, West Virginia over the last 10 years
Wirt County, West Virginia, has seen a decline in its student-to-teacher ratio over the past decade, dropping from about 13 in 2014 to closer to 12 in recent years, ultimately landing at roughly 12 in 2023. This trend, positioning the county below the national average of 14 students per teacher, could be a significant factor for families prioritizing education quality. For real estate agents and potential investors, a lower student-to-teacher ratio might indicate a stronger appeal for new residents. Insurance agents could also factor in this lower ratio in risk assessment for families moving to the area. Moreover, appraisers and builders could see potential for development given that education quality is a crucial aspect for buyers in residential markets.
