Kent County Real Estate and Livability Trends
Kent County, Delaware has been showcasing growing economic strength, with average taxable income per tax return rising from $48,284.52 in 2013 to $62,818.70 by 2021. Median home values have been on an upswing, reaching $272,300 in 2022, signaling a promising spot for real estate investment. Dense growth in principal residence mortgages and sharp drops in property crimes accentuate the area's... Read more
Kent County Market Trends
The median home values in Kent County, Delaware have risen consistently over the last eight years, hitting $272,300 in 2022, making it an attractive spot for real estate investment, especially given its steadier growth compared to the state's $305,200 median. This trend, paired with fluctuations in residential energy tax credits, peaking in 2018 at roughly $2302.86 before settling between $1000... Read more
Median Value of Occupied Housing Units in Kent County, Delaware Over the Last 8 Years
Over the past eight years, median home values in Kent County, Delaware have experienced a consistent upward trend, peaking at $272,300 in 2022. Compared to the broader trends in Delaware and the United States, Kent County's growth rate mirrors the state's overall increase but remains more modest than Delaware's $305,200 median in 2022. Nationally, Kent County's 2022 median is significantly higher than the U.S. median of $179,400, suggesting potential for investment as the area appears to be maintaining a steady appreciation in home values.
Residential Energy Tax Credit Per Tax Return in Kent County, DE Over the Last 9 Years
Over the last nine years, residential energy tax credits in Kent County, Delaware have shown significant fluctuations, peaking dramatically in 2018 at $2302.86 per tax return before stabilizing around $1000 to $1500 in recent years. This overarching increase, particularly prominent from 2017 onward, signals growing investments in energy-efficient home improvements. For those considering property investments or relocations, these trends highlight a county supportive of sustainable living and favorable tax incentives for green upgrades.
Average Real Estate Taxes Per Tax Return in Kent County, DE Over the Last 10 Years
Real estate taxes per tax return in Kent County, Delaware have seen a notable upward trend over the past decade, with values increasing from approximately $1,604.40 in 2012 to around $2,669.04 by 2021. This gradual rise suggests a growth in property valuations or tax rates, which potentially influences decisions for investors, homebuyers, and developers. The substantial jump between 2017 and 2018, where values increased by roughly $418.00, stands out as a key period of change, requiring more detailed analysis for those considering significant financial commitments in the area.
Percentage of Farm Returns in Kent County, DE Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Kent County, Delaware has shown a gradual decline, from approximately 0.98% in 2012 to roughly 0.68% in 2021. Farm tax returns, which are the filings done by farm businesses for taxation purposes, are important indicators of agricultural activity in the region. This trend might impact those looking to invest in or move to Kent County, as it could suggest a shrinking agricultural sector, possibly influencing land use and property values. Being aware of these patterns can be crucial for potential landowners and investors to make informed decisions regarding property development and economic opportunities in the area.
Number of Mortgages by Occupancy Type in Kent County, DE Over the Last 5 Years in Kent County
Over the last five years in Kent County, Delaware, mortgage counts for principal residences have consistently led the market, peaking at 18,122 in 2021. Investment properties and second residences have shown much smaller volumes, with investment properties experiencing a notable jump in 2021 before declining. Changes in occupancy types can significantly impact market dynamics, influencing factors like property values and insurance premiums. Investors may observe growth or stability in principal residence activity as a sign of robust demand, while fluctuations in investment properties might indicate changing economic conditions or opportunities for diversified real estate portfolios. Home appraisers and insurance agents must consider these trends to provide accurate valuations and risk assessments. Real estate agents and builders should also take these shifts into account, as they reflect potential buyer motivations and market health.
Economic Outlook
Kent County, Delaware has seen a steady rise in average taxable income per tax return from $48,284.52 in 2013 to $62,818.70 by 2021, indicating growing economic strength and investment potential. Concurrently, average state and local income taxes have nearly doubled, suggesting rising incomes and possibly changes in tax rates, which could impact cost of living. The average total tax liability has also been climbing, hinting at increased property values. Poverty rates have notably dropped from... Read more
Average Taxable Income per Tax Return in Kent County, DE over the last 9 years
Over the last nine years, Kent County, DE has seen a consistent rise in the average taxable income per tax return, with figures increasing from $48,284.52 in 2013 to $62,818.70 by 2021. This upward trend reflects growing economic strength and potential for investment opportunities, making the county increasingly attractive to new residents and property developers.
Average State and Local Income Taxes Per Tax Return in Kent County, DE Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Kent County, DE have shown a significant upward trend, starting at $4,194.86 in 2012 and nearly doubling to $7,479.28 by 2021. This steep increase, particularly noticeable from 2017 onwards—with a marked jump from $5,054.41 in 2017 to $7,479.28 by 2021—reflects rising tax burdens, potentially due to higher incomes, changes in tax rates, or both. For residents and those considering moving to Kent County, this trend signals a growing fiscal responsibility which might impact overall cost of living and financial planning.
Average Total Tax Liability Per Tax Return in Kent County, DE Over the Last 10 Years
Over the last decade, Kent County, Delaware has seen a steady increase in average total tax liability per tax return, climbing from $6,645.57 in 2012 to $8,544.38 in 2021. Notable jumps occurred between 2017 and 2018, as well as a significant rise from 2020 to 2021. This trend indicates rising income levels and possibly increased property values, which is crucial for investors and those planning to move to or build property in the area.
Cost of Living in Kent County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,680 | $1,428 | $2,118 | $1,273 | $1,534 |
| 1 adult 4 children | $1,680 | $1,166 | $1,621 | $1,273 | $1,714 |
| 2 adults 3 children | $1,680 | $1,166 | $1,837 | $1,273 | $1,286 |
| 1 adult 3 children | $1,680 | $952 | $1,340 | $1,273 | $1,458 |
| 2 adults 2 children | $1,182 | $955 | $1,556 | $1,154 | $986 |
| 1 adult 2 children | $1,182 | $713 | $1,059 | $1,154 | $1,020 |
| 2 adults 1 child | $1,182 | $755 | $1,275 | $770 | $962 |
| 1 adult 1 child | $1,182 | $487 | $778 | $770 | $842 |
| 2 adults | $984 | $606 | $994 | $0 | $755 |
| 1 adult | $979 | $331 | $497 | $0 | $678 |
Safety trends & Data
Kent County, Delaware, has experienced a decline in property crimes like burglary and larceny-theft over the past five years. Burglary arrests decreased significantly from 169 in 2019 to 82 in 2022, and larceny-theft reports dropped from 1,058 to 712 in the same period. However, motor vehicle thefts have shown some variability, rising from 28 cases in 2018 to 48 in 2022. This information could be useful for potential investors, real estate agents, and insurers evaluating the safety profile of... Read more
Property Crime Trends in Kent County, DE Over the Last 5 Years
Kent County, Delaware has seen fluctuating property crime trends over the past five years, with notable reductions in certain areas like burglary and larceny-theft. Burglary arrests fell from 169 in 2019 to 82 in 2022, while larceny-theft, although the most reported crime, dropped from 1,058 in 2019 to 712 in 2022. Conversely, categories like forgery and counterfeiting, and stolen property offenses have seen some inconsistency. Notably, motor vehicle thefts have shown variability, moving from 28 cases in 2018 to 48 in 2022, indicating a modest upward trend. This data is essential for potential investors, real estate agents, and insurers assessing the risk and safety profile of Kent County.
Demographics
In Kent County, Delaware, the adult population displays a fairly balanced gender distribution, . On the educational front, a significant segment of the population has completed high school, but a notable portion has not pursued further education beyond some college or an associate degree. The age distribution suggests a relatively youthful population, with a substantial number of residents under 35 years old. Racially, the county is predominantly White, but there's a considerable representation... Read more
Race Distribution in Kent County, Delaware (2022)
Educational Attainment in Kent County, Delaware (2022)
Age Distribution in Kent County, Delaware
Citizen Population in Kent County, Delaware (2022)
Political Trends & Data
In Kent County, Delaware, a noticeable shift towards Democratic candidates might be emerging. The 2020 Presidential Election results show a slight Democratic lead with 51.2% of votes, while Republicans captured 47.1%. Minor parties barely made a dent, with the Libertarians and Green party earning just 1.2% and 0.5% respectively. This shift could be indicative of evolving political preferences in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Kent County, Delaware, the Democratic party may have had a slight edge in the 2020 Presidential Election with 51.2% of the votes compared to 47.1% for Republicans. Minor parties like the Libertarians and the Green party garnered minimal support, capturing just 1.2% and 0.5% respectively. This potential shift towards Democratic candidates could signal changing political dynamics in the county.
47.12% of voters voted for the Republican party in the 2020 Presidential Election
51.19% of voters voted for the Democrat party in the 2020 Presidential Election
1.20% 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
In Kent County, Delaware, the student-to-teacher ratio has shown notable fluctuations over the past decade, peaking at nearly 16 in both 2021 and 2023. This variability is key for families weighing the quality of education and peer interactions when considering a move. Investors and developers may find these trends indicative of broader demographic shifts and a potential need for more educational infrastructure, influencing property values and growth prospects in the... Read more
Student-to-teacher ratio in Kent County, Delaware over the last 10 years
Over the past decade, Kent County, Delaware has experienced fluctuations in its student-to-teacher ratio, peaking at nearly 16 in both 2021 and 2023 and dipping below the national average at times, such as in 2014 and 2015. This variability can influence educational quality and peer interactions, which are critical factors for families considering a move to the area. For investors or developers, shifts in student-to-teacher ratios may reflect underlying demographic trends and demand for educational infrastructure. Real estate agents, appraisers, and insurance agents could find these trends significant when assessing property values and community growth prospects.
