Allen County Real Estate and Livability Trends
Allen County, Kentucky, demonstrates notable growth in key economic indicators and real estate trends. Average taxable income per return has climbed from $38,242.42 in 2013 to $53,705.93 in 2021, reflecting a potentially robust economy. Median home values surged from $95,500 in 2015 to $160,200 in 2022, outpacing state growth. Real estate taxes and principal residence mortgages have also risen,... Read more
Allen County Market Trends
In Allen County, Kentucky, median home values have surged from $95,500 in 2015 to $160,200 in 2022, significantly outpacing the state-level growth and closely following national trends. Interestingly, residential energy tax credits have shown notable fluctuations, with peaks potentially indicating periods of increased investment in energy efficiency. This could signal an evolving infrastructure... Read more
Median Value of Occupied Housing Units in Allen County, Kentucky Over the Last 8 Years
Over the past eight years, median home values in Allen County, Kentucky have seen a substantial increase, climbing from $95,500 in 2015 to $160,200 in 2022. This growth outpaces the state of Kentucky, where median home values rose from $123,200 to $177,000, and it nearly matches the national trend, which saw values increase from $125,500 to $179,400 over the same period. For those considering investments, moves, or construction in Allen County, this trend could signal a strong and growing housing market, potentially offering good returns or stable appreciation in property values.
Residential Energy Tax Credit Per Tax Return in Allen County, KY Over the Last 8 Years
Over the last eight years in Allen County, Kentucky, average residential energy tax credits per tax return have exhibited notable fluctuations. Peaks were observed in 2016 at $583.33 and in 2021 at $516.67, suggesting occasional surges in energy-efficient investments. Conversely, years like 2014 and 2019 saw credits drop to around $246.15 and $200.00, respectively. This variability might indicate periods of increased homeowner activity in energy-efficient improvements, possibly driven by available incentive programs or changing economic conditions. For potential investors and real estate professionals, this trend highlights the area's evolving engagement with energy-efficient infrastructure, which could influence property values and insurance landscapes.
Average Real Estate Taxes Per Tax Return in Allen County, KY Over the Last 10 Years
Over the last decade in Allen County, Kentucky, average real estate taxes per tax return have shown a significant overall increase, climbing from $1,408.51 in 2012 to $2,236.84 in 2021. Particularly notable are the jumps post-2017, with peaks around $2,391.30 in 2018 and $2,395.45 in 2020. This upward trend may signal growing property values or changes in tax assessments, which could impact decisions for potential investors, homebuyers, and real estate professionals.
Percentage of Farm Returns in Allen County, KY Over the Last 10 Years
Over the past decade, Allen County, Kentucky has seen a decreasing trend in the percentage of farm tax returns, moving from roughly 13.53% in 2012 to approximately 10.55% in 2021. Farm tax returns reflect the portion of tax filings that report income from agricultural activities, indicating the presence and economic health of farming within the region. This declining trend might suggest changes in land use or economic shifts impacting traditional farming, which is crucial for investors, developers, and residents to consider when evaluating the area's economic landscape and growth opportunities.
Number of Mortgages by Occupancy Type in Allen County, KY Over the Last 5 Years in Allen County
Over the past five years in Allen County, Kentucky, there's been a noticeable dominance of principal residence mortgages, peaking dramatically in 2021. Investment property mortgages, while less frequent, have shown a slight but visible decrease since 2018. Second residences remain the least common type, with occasional year-to-year fluctuations. This shift can impact various stakeholders: investors might perceive fluctuating investment mortgage counts as a sign of changing market conditions, residents and potential movers might see these trends as indicative of the area's desirability for primary living, and real estate agents along with appraisers could find these metrics essential for gauging market dynamics and advising clients accurately. For insurance agents and developers, understanding these occupancy trends may help in better risk assessment and development planning, aligning offerings with the evolving occupancy landscape.
Economic Outlook
Allen County, Kentucky has experienced a steady growth in average taxable income per tax return, climbing from $38,242.42 in 2013 to $53,705.93 in 2021. This upward trend hints at a potentially robust economic environment. The marked rise in average state and local income taxes—from $5,338.35 in 2012 to $11,565.22 by 2021—could signal economic growth or changes in tax policy. Meanwhile, fluctuations in average total tax liability per tax return, peaking at $7,337.48 in 2016 and stabilizing... Read more
Average Taxable Income per Tax Return in Allen County, KY over the last 9 years
Allen County, Kentucky has seen a notable upward trend in average taxable income per tax return over the past nine years, growing from $38,242.42 in 2013 to $53,705.93 in 2021. This gradual increase suggests a potentially healthier economic environment, which might appeal to investors, real estate agents, and appraisers considering market stability. For those planning to move or build property in the area, this data could imply a growing and possibly prosperous community, potentially impacting property values and insurance assessments.
Average State and Local Income Taxes Per Tax Return in Allen County, KY Over the Last 10 Years
Allen County, Kentucky has seen a significant increase in average state and local income taxes per tax return over the last decade. Starting at $5,338.35 in 2012, the average climbed to $11,565.22 by 2021, with a notable spike to $12,034.78 in 2018. This rise may reflect economic growth or changes in tax policy, which are important considerations for potential investors, homeowners, and those looking to understand the financial landscape of the county.
Average Total Tax Liability Per Tax Return in Allen County, KY Over the Last 10 Years
Over the past decade, Allen County, Kentucky has shown significant fluctuations in average total tax liability per tax return, peaking at $7,337.48 in 2016 and stabilizing around $7,041.14 in 2021. This variability might be indicative of evolving economic factors or shifts in income levels within the county. Notable increases in recent years could impact potential investors and property developers, suggesting a relatively higher financial obligation for residents.
Cost of Living in Allen County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,010 | $1,355 | $1,857 | $1,179 | $1,192 |
| 1 adult 4 children | $1,010 | $1,107 | $1,420 | $1,179 | $1,263 |
| 2 adults 3 children | $1,010 | $1,107 | $1,612 | $1,179 | $976 |
| 1 adult 3 children | $1,010 | $904 | $1,174 | $1,179 | $994 |
| 2 adults 2 children | $811 | $906 | $1,366 | $1,025 | $859 |
| 1 adult 2 children | $811 | $677 | $929 | $1,025 | $779 |
| 2 adults 1 child | $811 | $716 | $1,121 | $525 | $798 |
| 1 adult 1 child | $811 | $463 | $683 | $525 | $667 |
| 2 adults | $616 | $575 | $875 | $0 | $667 |
| 1 adult | $612 | $314 | $438 | $0 | $572 |
Safety trends & Data
Allen County, Kentucky has seen fluctuating property crime trends over the past five years, particularly in burglary and larceny-theft. Burglary peaked in 2018 and 2020 with values of 13.00 and 15.00 respectively, while larceny-theft fell sharply from 25.00 in 2018 to just 8.00 in 2020 and 2022. Stolen property offenses have steadily increased, reaching 12.00 in 2022. Additionally, fraud incidents have risen from near-zero in 2018-2019 to 6.00 annually in 2021-2022, signaling a potential... Read more
Property Crime Trends in Allen County, KY Over the Last 5 Years
Analysis of property crime trends in Allen County, Kentucky over the past five years reveals variability, particularly in categories like burglary and larceny-theft. Peak years for burglary were 2018 and 2020, with values of 13.0 and 15.0 respectively, while larceny-theft saw a significant dip from 25.0 in 2018 to 8.0 in both 2020 and 2022. The incidents of stolen property offenses, however, show a steady increase, peaking at 12.0 in 2022. Notably, fraud incidents rise significantly from near-zero in 2018-2019 to 6.0 annually in 2021-2022, indicating a possible emerging trend. These fluctuations could influence investment decisions and assessments of property risk in the area.
Demographics
Allen County, Kentucky, shows a nearly even gender distribution among adults, with females barely outnumbering males. Educational attainment varies widely; high school graduates form the largest group, while fewer citizens hold advanced degrees. A higher proportion of residents are clustered in middle-age categories, particularly those aged 45 to 64. Racial demographics indicate a predominantly White population, with minimal representation from other racial groups. This mix of factors may... Read more
Race Distribution in Allen County, Kentucky (2022)
Educational Attainment in Allen County, Kentucky (2022)
Age Distribution in Allen County, Kentucky
Citizen Population in Allen County, Kentucky (2022)
Political Trends & Data
Allen County, Kentucky, shows a strong conservative inclination, with around 81% of voters choosing the Republican candidate in the 2020 U.S. Presidential Election. This political leaning could influence local real estate trends, potentially attracting buyers who align with these conservative values. Understanding this political landscape can be crucial for those looking to invest or relocate, as it often shapes community values and local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Allen County, Kentucky, leaned heavily Republican in the 2020 U.S. Presidential Election with around 81% of the vote, dwarfing the 18% garnered by Democrats. Libertarians and other parties made only a minimal impact, collectively accruing less than 2%. This overwhelming support for the Republican candidate highlights a dominant conservative presence in this region.
81.02% of voters voted for the Republican party in the 2020 Presidential Election
17.54% of voters voted for the Democrat party in the 2020 Presidential Election
1.06% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Allen County, Kentucky, student-to-teacher ratios have hovered above the national average of 14 students per teacher for the past decade, peaking at 17.28 in 2015 and 17.66 in 2023. Such elevated ratios could signal larger class sizes and less individualized attention, which might interest parents prioritizing educational quality, or real estate professionals advising on family-friendly neighborhoods. This trend could potentially impact property values and investment decisions in the... Read more
Student-to-teacher ratio in Allen County, Kentucky over the last 10 years
Student-to-teacher ratios in Allen County, Kentucky, have generally hovered above the national average of 14 students per teacher over the past decade, oscillating between approximately 16 and 18 students per teacher. Notable peaks were observed in 2015 and 2023, with ratios rising to 17.28 and 17.66, respectively. Elevated student-to-teacher ratios could imply larger class sizes, potentially leading to less individualized attention for students. This trend might interest parents considering schooling quality, insurance agents evaluating risk, appraisers assessing property values, and real estate agents advising clients on family-friendly neighborhoods. Higher ratios might also influence decision-making for those looking to invest in or build property within the community.
