Anderson County Real Estate and Livability Trends
Anderson County, Kentucky, appears to be on an upward trajectory economically, with average taxable income per tax return climbing from $48,208.00 in 2013 to $61,571.60 in 2021. This trend might indicate a strengthening local economy and an increasingly affluent population, relevant for real estate agents and investors considering the region. Home values in Anderson County have also surged from... Read more
Anderson County Market Trends
Anderson County, Kentucky, has seen median home values jump from $136,800 in 2015 to $198,800 in 2022, outpacing both state and national trends. Residential energy tax credits have surged from $312.00 in 2013 to $2,416.67 in 2021, signaling growing investments in sustainability. Real estate taxes have also risen, with an average increase from $1,675.32 in 2012 to $2,643.59 in 2021, peaking at... Read more
Median Value of Occupied Housing Units in Anderson County, Kentucky Over the Last 8 Years
Anderson County, Kentucky, has shown a remarkable increase in median home values over the last eight years, moving from $136,800 in 2015 to $198,800 in 2022. This local growth significantly outpaced the overall state trend, where values rose from $123,200 to $177,000 during the same period. Comparatively, the national median climbed from $125,500 to $179,400. These figures suggest Anderson County's real estate market is experiencing robust growth, which could make it an attractive location for investors and homebuyers looking for promising property value appreciation.
Residential Energy Tax Credit Per Tax Return in Anderson County, KY Over the Last 8 Years
Residential energy tax credits in Anderson County, Kentucky have shown a significant increase over the last eight years, with averages climbing from $312.00 in 2013 to $2416.67 in 2021. This upward trend underscores a growing emphasis on energy efficiency improvements and sustainability among residents. For investors and real estate agents, this could suggest that properties with energy-efficient enhancements are gaining value. Appraisers and insurance agents, too, might see increased activity in this area as more homeowners take advantage of tax incentives.
Average Real Estate Taxes Per Tax Return in Anderson County, KY Over the Last 10 Years
Over the past decade, Anderson County, Kentucky has seen a steady increase in average real estate taxes per tax return, with values ranging from $1,675.32 in 2012 to approximately $2,643.59 in 2021. The most notable spike occurred in 2018, where taxes hit a peak of $3,017.31. This trend suggests a growing burden on property owners, potentially making it crucial for prospective investors, real estate agents, and insurers to account for higher tax rates when evaluating property values and overall investment viability.
Percentage of Farm Returns in Anderson County, KY Over the Last 10 Years
Anderson County, Kentucky has seen fluctuating farm tax returns over the past decade, peaking at 7.41% in 2014 and dipping to a low of 6.19% in 2020. Farm tax returns, which can serve as an indicator of agricultural activity and economic health in the area, are crucial for investors and new residents evaluating the region's farming viability. With percentages relatively stable around the 6-7% mark, the data might suggest a steady, though not booming, agricultural sector. This stability could be attractive for those considering property investments related to farming or agribusiness in Anderson County.
Number of Mortgages by Occupancy Type in Anderson County, KY Over the Last 5 Years in Anderson County
Over the last five years, the number of mortgages for principal residences in Anderson County, Kentucky, has remained significantly higher than for investment and second residences. This pattern suggests a strong demand for owner-occupied properties, which could indicate a stable environment for long-term residents. The relatively low and fluctuating numbers for investment properties highlight potential opportunities for investors, given that a less saturated market might yield better rental income or property appreciation. On the flip side, insurance agents and appraisers might find principal residences to be more predictable in terms of risk and valuation, paving the way for more straightforward underwriting and assessments. For those looking to move, the trend suggests a community-focused setting with more homeowners than transient renters, which might appeal to families seeking stability.
Economic Outlook
In Anderson County, Kentucky, the average taxable income per tax return has steadily climbed from $48,208.00 in 2013 to $61,571.60 in 2021, hinting at a possibly strengthening local economy and growing prosperity. Concurrently, average state and local income taxes per tax return have increased from approximately $5,262.72 in 2012 to about $8,694.87 by 2021, which might indicate higher tax burdens. Interestingly, the average total tax liability per tax return also surged from $5,881.43 in 2012... Read more
Average Taxable Income per Tax Return in Anderson County, KY over the last 9 years
Over the past nine years, Anderson County, Kentucky has seen a steady increase in average taxable income per tax return, rising from $48,208.00 in 2013 to $61,571.60 in 2021. This upward trend could hint at a strengthening local economy and growing prosperity, potentially making the county a more attractive place for new residents and investors. Real estate agents, appraisers, and insurance agents might find this data particularly useful as it may indicate increasing property values and a more affluent customer base. Those looking to move or invest in the area might see this as a positive economic sign.
Average State and Local Income Taxes Per Tax Return in Anderson County, KY Over the Last 10 Years
In Anderson County, Kentucky, average state and local income taxes per tax return have shown a notable upward trend over the last decade. Starting at approximately $5,262.72 in 2012 and rising to about $8,694.87 by 2021, this increase highlights a significant escalation in tax burdens. This matters for investors, potential residents, and property developers considering the financial implications of such taxes on long-term commitments in the region.
Average Total Tax Liability Per Tax Return in Anderson County, KY Over the Last 10 Years
Over the past decade, Anderson County, Kentucky has seen a notable increase in the average total tax liability per tax return, rising from $5,881.43 in 2012 to $7,643.22 in 2021. Significant growth periods were particularly observed between 2014 and 2017. While there was a slight dip in 2018, the upward trend quickly resumed, peaking in 2021. Those considering investing or building property in the region should take these increasing tax liabilities into account, as it might reflect broader economic or policy changes that could impact financial planning. This trend may also suggest a steadily growing local economy, making Anderson County a potentially attractive place for new investments and relocations.
Cost of Living in Anderson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,112 | $1,267 | $1,752 | $1,056 | $1,138 |
| 1 adult 4 children | $1,112 | $1,035 | $1,339 | $1,056 | $1,221 |
| 2 adults 3 children | $1,112 | $1,035 | $1,520 | $1,056 | $945 |
| 1 adult 3 children | $1,112 | $845 | $1,108 | $1,056 | $992 |
| 2 adults 2 children | $829 | $847 | $1,288 | $916 | $829 |
| 1 adult 2 children | $829 | $633 | $876 | $916 | $752 |
| 2 adults 1 child | $829 | $670 | $1,057 | $461 | $786 |
| 1 adult 1 child | $829 | $432 | $644 | $461 | $646 |
| 2 adults | $724 | $538 | $825 | $0 | $689 |
| 1 adult | $601 | $293 | $412 | $0 | $555 |
Safety trends & Data
In Anderson County, Kentucky, the last five years have seen a notable decline in burglary rates, dropping from 7 cases in 2018 to just 2 in 2022, with larceny-theft numbers also decreasing but showing more variability. While motor vehicle thefts are infrequent, a slight increase was observed in 2020. The reduced prevalence of fraud and forgery-related crimes could mean lower risks for investors and property insurers, potentially impacting property values and insurance... Read more
Property Crime Trends in Anderson County, KY Over the Last 5 Years
Over the last five years in Anderson County, Kentucky, the most notable shifts in property crime include a significant decrease in burglary and fluctuating rates of larceny-theft. In 2018, there were 19 cases of larceny-theft and 7 burglaries, while by 2022, these numbers shifted to 7 and 2, respectively. Motor vehicle theft remains relatively rare but saw a small spike in 2020. The presence of fraud and forgery diminishes concerns around increased complex property crimes. For investors, appraisers, insurance agents, and property builders, understanding these trends can provide valuable insights into the evolving safety landscape, potentially influencing property values and insurance premiums.
Demographics
In Anderson County, Kentucky, the adult population skews slightly female, with 9,122 women compared to 9,065 men. Education levels reveal a significant portion have only a high school diploma, while roughly one-quarter of the population has pursued some college education. Age distribution shows a relatively youthful population with the highest densities in the 25-34 and 45-54 age brackets. The racial makeup is predominantly White at 22,366 individuals, with small representations from other... Read more
Race Distribution in Anderson County, Kentucky (2022)
Educational Attainment in Anderson County, Kentucky (2022)
Age Distribution in Anderson County, Kentucky
Citizen Population in Anderson County, Kentucky (2022)
Political Trends & Data
In Anderson County, Kentucky, the 2020 U.S. Presidential Election results showed about 73% of votes going to Republican candidates, with Democrats garnering around 25% and Libertarians getting close to 1%. The strong conservative leaning in voter preferences aligns with broader political and cultural trends in the region, highlighting a significant inclination toward GOP... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Anderson County, Kentucky leaned heavily Republican in the 2020 U.S. Presidential Election, with around 73% of votes favoring the GOP. Democrats secured roughly 25%, while Libertarians received about 1%. Voter turnout for other parties remained below 1%. This data suggests a solid preference for conservative candidates in the area, reflecting broader political and cultural trends in many parts of Kentucky.
72.94% of voters voted for the Republican party in the 2020 Presidential Election
25.28% of voters voted for the Democrat party in the 2020 Presidential Election
1.38% of voters voted for the Livertarian party in the 2020 Presidential Election
0.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Anderson County, Kentucky, the student-to-teacher ratio has seen considerable fluctuations, peaking at about 17:1 in 2017 and then dropping to around 15:1 more recently. This trend, often exceeding the national average of 14:1, could indicate a region where educational resources are improving. For real estate investors and families, this suggests potential for enhanced educational outcomes which might positively influence property values. Insurance agents and appraisers should also consider... Read more
Student-to-teacher ratio in Anderson County, Kentucky over the last 10 years
Over the past decade, Anderson County, Kentucky has seen fluctuations in its student-to-teacher ratio, peaking at about 17 students per teacher in 2017 and dropping to approximately 14 in 2021, before rising slightly to around 15 in recent years. Compared to the current national average of 14 students per teacher, Anderson County has frequently had larger class sizes, which might impact the attention students receive from teachers. For potential investors, real estate agents, and families considering a move, these trends could suggest a region where educational resources are gradually improving, potentially enhancing overall educational outcomes and, by extension, property values. Additionally, insurance agents and appraisers should note that such changes could affect local demographics and the attractiveness of the community to new residents.
