Around the Nation -- Residential Real Estate Update - West Virginia
By Jeff Adolph
State-by-state
Situated in the Appalachia/ Upland region of southern U.S.A, this state is ranked as the 41st largest by land mass and the 37th largest by population with 1,808,344 people residing in this region.
This states economy relies heavily on coal, oil and natural gas production along with farming.
Income tax in this state is set between 3-6.5% with a sales tax of 6%. Property taxes are paid to the local sheriff and the rate is a combination of levies at a state, county, school and municipal level.
Huntington
Median home values hover around the $125,000 mark with approximately 325 for sale at present. market value in this region is said to be increasing and has risen by $20,000 since December of 2007.
The median age of residents in this area is around 38 years of age, and the regions population has declined along with job growth by 1-5%. There are approximately 3.6% of homes vacant in this area with 89.3% owned and 7.1% rented.
LGBT Real Estate Facts: There are approximately 2,916 same-sex couples residing in West Virginia making this region the 40th gayest state in America. The gayest zip codes in this locality are 25401 Martinsburg; 25701 Huntington; 26003 Wheeling; 26554 Fairmont; 26101 Parkersburg. -- gaydemographics.com
Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com
Picture Source: wikipedia.org
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