Wyoming County Real Estate and Livability Trends
In Wyoming County, West Virginia, the real estate market reflects a slow but steady growth with average taxable incomes rising to a peak of $46,604.07 in 2021, signaling potential for solid real estate investments. Home values have increased modestly from $60,200 in 2015 to $74,100 in 2022, although still trailing behind broader trends. Fluctuating real estate taxes and stable mortgage counts... Read more
Wyoming County Market Trends
Median home values in Wyoming County, West Virginia, have grown modestly, from $60,200 in 2015 to $74,100 in 2022, trailing behind statewide and national trends. Residential energy tax credits displayed an upward trend, peaking in 2017 at $533.33, suggesting increased home energy investments. Fluctuating real estate taxes, ranging from $540.00 to $875.76, emphasize the importance of strategic... Read more
Median Value of Occupied Housing Units in Wyoming County, West Virginia Over the Last 8 Years
The median home values in Wyoming County, West Virginia, have experienced modest growth over the past eight years, rising from $60,200 in 2015 to $74,100 in 2022. This local trend shows slower appreciation compared to statewide figures, where values climbed from $103,800 to $145,800, and national trends that soared from $125,500 to $179,400 during the same period. For investors and prospective homeowners, Wyoming County offers relatively affordable housing options, though appreciation rates may be more conservative compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Wyoming County, WV Over the Last 8 Years
Wyoming County, West Virginia has seen considerable fluctuations in residential energy tax credits over the past eight years, with an upward trend from 2013's $247.62 to a peak in 2017 at $533.33. This might indicate increasing investments in energy-efficient home improvements. The dip in 2019 to $325.00 and the subsequent stabilization at $400.00 through 2020 and 2021 could reflect a response to state or federal policy changes, economic conditions, or market adjustments. For investors, builders, and real estate agents, this pattern could imply growing awareness and incentives for energy-saving initiatives, potentially enhancing property values and marketability.
Average Real Estate Taxes Per Tax Return in Wyoming County, WV Over the Last 10 Years
Wyoming County, West Virginia has seen significant fluctuations in average real estate taxes per tax return over the last decade. Values peaked at $875.76 in 2017, followed by a notable dip to $540.00 in 2018. The spreading range from $540.00 to $875.76 could present opportunities or concerns for prospective investors and property builders due to ongoing variability. Real estate agents and insurance agents might find the county's inconsistent property tax trends crucial for advising clients on long-term investments. Potential residents and existing homeowners could benefit from understanding these shifts when planning their finances.
Percentage of Farm Returns in Wyoming County, WV Over the Last 4 Years
Wyoming County, West Virginia, has seen a general increase in farm tax returns over the last four years. Starting at 0.26% in 2012, the percentage has climbed to approximately 0.42% by 2021. Farm tax returns, which are filed by agricultural businesses to report income and expenses, often reflect the region's agricultural activity and economic health. This upward trend might indicate growing agricultural investments or an escalating number of active farms in the area, a factor that could be crucial for potential investors, property developers, and residents considering the region's economic profile.
Number of Mortgages by Occupancy Type in Wyoming County, WV Over the Last 5 Years in Wyoming County
Wyoming County, West Virginia has seen a steady trend in mortgage counts for principal residences with occasional fluctuations, peaking at 290 in 2021 and remaining relatively high at 285 in 2022. Investment properties have shown inconsistency, with a notable drop from 11 in 2018 to as low as 3 in 2020 before climbing slightly to 6 in 2022. Mortgages for second residences remain the least common category, consistently registering single digits. These shifts in occupancy type highlight potential stability for residential investments, while variations in investment property mortgages could indicate changing investor confidence or market conditions. These trends can be critical for real estate agents, investors, and insurance agents for gauging market health and risk in Wyoming County.
Economic Outlook
In Wyoming County, West Virginia, the average taxable income per tax return has risen steadily over the past nine years, despite a slight dip in 2016. Starting at $43,241.69 in 2013, it peaked at $46,604.07 in 2021, suggesting resilient economic conditions favorable for real estate investments. State and local income taxes have fluctuated, peaking at $7,195.00 in 2017 but stabilizing around $6,000.00 in recent years, potentially reflecting shifts in economic conditions and policy. Additionally,... Read more
Average Taxable Income per Tax Return in Wyoming County, WV over the last 9 years
In Wyoming County, West Virginia, the average taxable income per tax return has shown a generally positive trajectory over the past nine years. Starting from $43,241.69 in 2013, it experienced a slight dip in 2016 to $41,064.79 but recovered significantly, peaking at $46,604.07 in 2021. This fluctuation indicates a resilient local economy that has managed to bounce back from downturns, which could be promising for potential investors, developers, and real estate professionals. Although minor declines were observed, the overall trend suggests gradual income growth, potentially translating to increased purchasing power and financial stability for residents.
Average State and Local Income Taxes Per Tax Return in Wyoming County, WV Over the Last 10 Years
Over the past decade in Wyoming County, West Virginia, average state and local income taxes per tax return have fluctuated, with a notable peak in 2017 at $7,195.00. While recent years show some variability, there's an underlying trend of stabilization around the $6,000.00 mark, following a dip to $5,260.00 in 2018. This financial metric could imply shifts in economic conditions and policy adjustments, impacting potential investments and property values in the area.
Average Total Tax Liability Per Tax Return in Wyoming County, WV Over the Last 10 Years
Over the last decade, Wyoming County, West Virginia has seen some fluctuations in the average total tax liability per tax return. In 2012, the average was higher at $6,047.27, but it generally trended downward, with a notable dip in 2016 to $5,264.54. Recent years show some recovery, with the average reaching $5,567.01 in 2021. This data could imply varying economic conditions and changing demographics within the county, factors that might interest potential investors, property developers, and local businesses.
Cost of Living in Wyoming County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $978 | $1,347 | $3,162 | $1,053 | $1,647 |
| 1 adult 4 children | $978 | $1,100 | $2,428 | $1,053 | $1,592 |
| 2 adults 3 children | $978 | $1,101 | $2,738 | $1,053 | $1,306 |
| 1 adult 3 children | $978 | $898 | $2,005 | $1,053 | $1,268 |
| 2 adults 2 children | $785 | $901 | $2,314 | $918 | $1,084 |
| 1 adult 2 children | $785 | $673 | $1,581 | $918 | $949 |
| 2 adults 1 child | $785 | $712 | $1,890 | $481 | $967 |
| 1 adult 1 child | $785 | $460 | $1,157 | $481 | $734 |
| 2 adults | $636 | $572 | $1,467 | $0 | $790 |
| 1 adult | $632 | $312 | $733 | $0 | $598 |
Safety trends & Data
Property crime trends in Wyoming County, West Virginia, over the last five years show minor but notable fluctuations. Burglary incidents hit a peak of 8.00 arrests in 2019 and 2020, while larceny-theft varied and reached a high of 8.00 arrests in 2019 and 2021. Motor vehicle theft and vandalism remained relatively low with slight fluctuations, and fraud and forgery mostly increased in 2021. These shifts can help investors, real estate agents, and insurers gauge potential risks and assurances... Read more
Property Crime Trends in Wyoming County, WV Over the Last 5 Years
In Wyoming County, West Virginia, property crime trends over the last five years highlight minor but notable fluctuations. Burglary incidents peaked at 8.0 arrests in 2019 and 2020, while larceny-theft showed a more varied pattern, reaching a high of 8.0 arrests twice, in 2019 and 2021. Other crimes like motor vehicle theft and vandalism fluctuated slightly but remained relatively low. Instances of fraud and forgery were minimal, with small increases seen primarily in 2021. These shifts offer critical insights for prospective investors, real estate agents, and insurers, reflecting both risks and assurance for those eyeing the area for development or residency.
Demographics
Wyoming County, West Virginia, shows a fairly balanced adult population with slightly more females than males. The education levels highlight a substantial portion of the population having a high school diploma or some college but no degree, suggesting potential workforce readiness but limited higher educational attainment. The age distribution points to a significant portion of the population being middle-aged and older, with fewer younger residents, which could impact future workforce... Read more
Race Distribution in Wyoming County, West Virginia (2022)
Educational Attainment in Wyoming County, West Virginia (2022)
Age Distribution in Wyoming County, West Virginia
Citizen Population in Wyoming County, West Virginia (2022)
Political Trends & Data
Wyoming County, West Virginia, exhibits a pronounced Republican inclination, with roughly 85.6% of votes favoring the Republican party in the 2020 U.S. Presidential Election and Democrats securing only about 13.5%. Minimal support for Libertarian and Green parties, each with less than 1%, underscores the county's strong partisan lean. This considerable tilt could influence future election strategies for non-Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wyoming County, West Virginia, shows a strong Republican lean, with approximately 85.6% of votes going to the Republican party in the 2020 U.S. Presidential Election. Democrats garnered about 13.5% of the vote, suggesting a significant partisan tilt. The Libertarian and Green parties saw minimal support, each receiving less than 1% of the vote. This disparity may indicate the county's deep-rooted political preferences, potentially impacting future election strategies for non-Republican candidates.
85.58% of voters voted for the Republican party in the 2020 Presidential Election
13.47% of voters voted for the Democrat party in the 2020 Presidential Election
0.77% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
School Data
Wyoming County in West Virginia has experienced shifts in its student-to-teacher ratio over the past decade, with current figures stabilizing around 12 to 13 students per teacher. This trend suggests a more personalized education environment, which might attract families and educators seeking manageable class sizes. Real estate investors and agents could see this as indicative of a community with potential educational stability, likely enhancing the area's long-term... Read more
Student-to-teacher ratio in Wyoming County, West Virginia over the last 10 years
Over the past decade, Wyoming County in West Virginia has seen fluctuations in its student-to-teacher ratio, with values hovering close to the national average of 14 students per teacher. Notably, in 2018, the ratio peaked at approximately 14.4, slightly above the national average, but has since trended downward, stabilizing around the mark of 12 to 13 students per teacher in more recent years. This lower ratio could potentially attract families seeking more personalized education for their children and might be appealing for educators looking for manageable class sizes. Investors, real estate agents, and builders might view this as a sign of a community poised for educational stability, enhancing the area's long-term value.
