Wood County Real Estate and Livability Trends
In Wood County, West Virginia, the median home values climbed from $107,000 in 2015 to $140,700 in 2022, a moderate rise compared to broader trends. The average residential energy tax credit saw a dramatic increase to $1,766.67 in 2018, potentially reflecting new local incentives. Meanwhile, real estate taxes per return almost doubled between 2012 and 2021, possibly due to changes in property... Read more
Wood County Market Trends
Median home values in Wood County, West Virginia, have risen from $107,000 in 2015 to $140,700 in 2022, a moderate growth compared to the national and state increases. From 2013 to 2017, the average residential energy tax credit fluctuated between $290.00 and $469.57, but spiked dramatically to $1,766.67 in 2018, reflecting potential shifts in local incentives and energy efficiency investments.... Read more
Median Value of Occupied Housing Units in Wood County, West Virginia Over the Last 8 Years
Median home values in Wood County, West Virginia, have seen a steady increase over the past eight years, rising from $107,000 in 2015 to $140,700 in 2022. This growth, while progressive, has been relatively moderate compared to the national trend, where the median value jumped from $125,500 in 2015 to $179,400 in 2022, and the broader trends in West Virginia, where homes appreciated from $103,800 to $145,800 in the same period. Potential investors and homeowners in Wood County should consider this trend as it suggests a stable and slightly accelerating market, which might offer more predictable returns compared to the faster-paced national and state markets.
Residential Energy Tax Credit Per Tax Return in Wood County, WV Over the Last 9 Years
Wood County, West Virginia has seen notable fluctuations in the average residential energy tax credit per tax return over the past nine years, initially ranging from $290.00 to $469.57 between 2013 and 2017, but spiking dramatically to $1,766.67 in 2018. Though subsequent years saw a return to lower figures, the amounts remained somewhat elevated compared to earlier years, peaking again at $520.00 in 2021. Investors, appraisers, and real estate professionals might be interested in these variations as they could reflect evolving local incentives and the population's willingness to invest in energy-efficient upgrades. These tax credits could indicate broader environmental awareness and governmental support, making the area potentially attractive for forward-thinking home builders and eco-conscious movers.
Average Real Estate Taxes Per Tax Return in Wood County, WV Over the Last 10 Years
In Wood County, West Virginia, average real estate taxes per tax return have seen a significant upward trend over the last decade, nearly doubling from approximately $1,412.42 in 2012 to about $2,898.95 in 2021. Notably, there was a steep increase between 2017 and 2018, surging from $1,845.00 to $2,627.91, which may reflect changes in property valuations or tax policies during that period. This rising trend in taxes is an important consideration for potential investors, property developers, and current homeowners, as it could impact long-term costs and property values in the area.
Percentage of Farm Returns in Wood County, WV Over the Last 10 Years
Over the past decade, farm tax returns in Wood County, West Virginia, have hovered around 1.3% of total tax filings, suggesting a relatively stable agricultural presence. The highest percentage was seen in 2016 at approximately 1.40%, potentially indicating a brief period of agricultural growth. Although these figures represent a small fraction of the county's overall tax returns, the steadiness may suggest resilience in the local farming sector. For investors or potential residents, this trend implies that while agriculture plays a minor role, it remains a consistent aspect of Wood County's economic landscape.
Number of Mortgages by Occupancy Type in Wood County, WV Over the Last 5 Years in Wood County
In Wood County, West Virginia, the mortgage landscape over the last five years shows a predominance of principal residence mortgages, experiencing a notable spike in 2021. The investment property mortgage count has slightly declined, while second residences remain marginal. For investors, understanding why principal residence figures may have surged in 2021 could uncover opportunities in the housing market. Real estate agents and appraisers may see the steady decline in investment property mortgages as indicative of either shifting market demands or financing barriers. This distribution is crucial for insurance agents and builders to tailor their offerings to meet the predominant needs of the area.
Economic Outlook
Wood County, West Virginia, has experienced a notable rise in average taxable income per tax return, jumping from $48,428.07 in 2013 to $63,056.41 in 2021. Additionally, state and local income taxes have surged, with an average tax obligation skyrocketing from $6,724.29 in 2012 to $16,422.02 in 2021. The total tax liability per tax return also peaked at $9,885.92 in 2021. These trends might hint at economic growth, changes in local tax policies, or increased fiscal demands from public entities,... Read more
Average Taxable Income per Tax Return in Wood County, WV over the last 9 years
Wood County, West Virginia, showcases a fluctuating yet generally upward trend in average taxable income per tax return over the past nine years. Notably, the average taxable income has seen significant increases, particularly with values rising from $48,428.07 in 2013 to $63,056.41 in 2021. The highest average was recorded in 2021, suggesting potential economic growth or shifts in local economic policies. Such trends may pique the interest of prospective investors, developers, and real estate professionals eyeing this region for its evolving economic landscape.
Average State and Local Income Taxes Per Tax Return in Wood County, WV Over the Last 10 Years
Tax obligations in Wood County, West Virginia have surged over the past decade. From an average of about $6,724.29 in 2012, taxes climbed significantly, hitting $8,148.46 by 2016. A steeper increase followed, with 2021 averaging $16,422.02 per tax return. This upward trend could suggest economic growth or increased municipal needs, impacting those considering long-term financial commitments in the area.
Average Total Tax Liability Per Tax Return in Wood County, WV Over the Last 10 Years
Over the past decade, Wood County, West Virginia has seen a notable increase in the average total tax liability per tax return, peaking at $9,885.92 in 2021. While there have been some fluctuations, the overall trend suggests a generally upward trajectory. This could indicate higher incomes or changes in tax policies affecting residents' financial responsibilities, making it relevant for investors, potential buyers, and financial professionals to consider these trends when evaluating the locale.
Cost of Living in Wood County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,093 | $1,343 | $3,238 | $1,486 | $1,817 |
| 1 adult 4 children | $1,093 | $1,097 | $2,487 | $1,486 | $1,791 |
| 2 adults 3 children | $1,093 | $1,097 | $2,805 | $1,486 | $1,497 |
| 1 adult 3 children | $1,093 | $896 | $2,053 | $1,486 | $1,448 |
| 2 adults 2 children | $806 | $898 | $2,371 | $1,292 | $1,154 |
| 1 adult 2 children | $806 | $671 | $1,619 | $1,292 | $1,046 |
| 2 adults 1 child | $806 | $710 | $1,937 | $658 | $988 |
| 1 adult 1 child | $806 | $459 | $1,186 | $658 | $757 |
| 2 adults | $683 | $570 | $1,504 | $0 | $780 |
| 1 adult | $679 | $311 | $752 | $0 | $596 |
Safety trends & Data
Despite a general decrease in burglary and vandalism incidents over the past five years in Wood County, West Virginia, larceny-theft, the most frequent property crime, has seen significant fluctuations, peaking in 2021 with 336 incidents. Motor vehicle theft and arson levels remain low but show slight year-to-year changes. These crime trends might impact real estate values, insurance premiums, and safety perceptions, making them crucial for potential investors, appraisers, and residents to... Read more
Property Crime Trends in Wood County, WV Over the Last 5 Years
Potential investors, appraisers, real estate agents, and those considering moving to or developing property in Wood County, West Virginia, might find it interesting that while certain property crimes like burglary and vandalism have shown a general decrease over the past five years, larceny-theft—by far the most frequent type of property crime—has seen noteworthy fluctuations, with a high in 2021 with 336 incidents. Notably, instances of motor vehicle theft and arson remain relatively low but hover with minor year-to-year variations. These trends could influence real estate values, insurance premiums, and overall perceptions of safety in the area, making them essential considerations for stakeholders.
Demographics
Wood County, West Virginia seems to have a somewhat balanced gender distribution with males slightly fewer than females. The population demonstrates a high level of educational attainment, with the majority having completed high school or higher education. Age-wise, a significant portion appears to be in the 45 to 64-year range, suggesting a potentially aging population. Racially, the county is predominantly white, with other racial groups constituting a very small percentage. These trends... Read more
Race Distribution in Wood County, West Virginia (2022)
Educational Attainment in Wood County, West Virginia (2022)
Age Distribution in Wood County, West Virginia
Citizen Population in Wood County, West Virginia (2022)
Political Trends & Data
Wood County, West Virginia likely leans heavily Republican, as evidenced by the 2020 Presidential Election results where Republicans might have captured around 70% of the vote. Democrats appear to have garnered about 28%, with third parties like the Libertarian and Green Parties potentially making little impact, securing roughly 1% and 0.3% respectively. These figures suggest a strong, possibly entrenched Republican base, while interest in third-party candidates seems quite... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wood County, West Virginia likely saw a strong Republican presence in the 2020 U.S. Presidential Election, with Republicans possibly capturing around 70% of the votes. Democrats trailed with an estimate of 28%, while third parties like the Libertarian and Green Parties had minimal impact, garnering roughly 1% and 0.3% of the vote respectively. This trend might suggest a deeply entrenched Republican base and perhaps a limited appeal for third-party options.
70.18% of voters voted for the Republican party in the 2020 Presidential Election
28.19% of voters voted for the Democrat party in the 2020 Presidential Election
1.35% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Green party in the 2020 Presidential Election
School Data
Wood County, West Virginia's student-to-teacher ratio has generally hovered around 14 students per teacher, aligning closely with the national average. This slight fluctuation, peaking at 14 in 2018, implies a more personalized education experience that could attract families prioritizing education quality. Real estate investors, agents, and appraisers might find these metrics valuable, as favorable educational statistics can boost property demand and influence home... Read more
Student-to-teacher ratio in Wood County, West Virginia over the last 10 years
Wood County, West Virginia's student-to-teacher ratio has shown slight fluctuations over the last decade, peaking at 14 in 2018 and generally hovering close to the current national average of 14 students per teacher. This relatively low student-to-teacher ratio could suggest a more personalized education experience, potentially attracting families prioritizing education quality. Such metrics might influence real estate investors and agents, as areas with favorable educational statistics can see increased property demand. Insurance agents and appraisers might also take note, as educational quality can indirectly affect home values and community risk assessments.
