Ballard County Real Estate and Livability Trends
Ballard County, Kentucky's real estate market has shown mixed signals, with median home values peaking at $108,400 in 2016, then dropping to $89,400 in 2021, before rebounding to $102,000 in 2022. This volatility might present strategic opportunities for investors but also hints at less market stability compared to state and national trends. Rising residential energy tax credits, averaging... Read more
Ballard County Market Trends
Ballard County's median home values have shown volatility, peaking at $108,400 in 2016, dipping to $89,400 in 2021, and then rebounding to $102,000 in 2022. Compared to Kentucky’s and national steady increases, this fluctuation suggests potential opportunities for savvy investors but may signal less market stability. Residential energy tax credits have varied, peaking at $400.00 in 2021, which... Read more
Median Value of Occupied Housing Units in Ballard County, Kentucky Over the Last 8 Years
Ballard County's median home values have seen fluctuations over the past eight years, with prices peaking at $108,400 in 2016 and dropping to $89,400 in 2021 before rebounding in 2022 to $102,000. Compared to Kentucky's steady climb from $123,200 in 2015 to $177,000 in 2022, and the national increase from $125,500 to $179,400 in the same period, Ballard County's housing market appears more volatile. This suggests potential opportunities for investors looking to capitalize on these fluctuations, but it may also indicate a less stable market for those seeking long-term stability. The sharp contrasts highlight an environment where timing and local market knowledge could play crucial roles for buyers and sellers alike.
Residential Energy Tax Credit Per Tax Return in Ballard County, KY Over the Last 6 Years
Ballard County, Kentucky has shown fluctuating trends in residential energy tax credits over the last six years, with notable peaks in 2013 and 2021 at $350.00 and $400.00, respectively. Although there was a dip to around $233.33 in 2015, the credits seem to recover and maintain a general upward trend from 2016 onwards. This variation might offer useful insights for those contemplating energy-efficient investments or constructions in the area, indicating potential for increased incentives or a revived focus on renewable integration.
Average Real Estate Taxes Per Tax Return in Ballard County, KY Over the Last 10 Years
Ballard County, Kentucky has seen a generally upward trend in average real estate taxes per tax return over the past decade, highlighting potential increases in property values or tax rates. Starting at about $1,120.99 in 2012, it steadily rose to approximately $1,876.92 by 2018, with a notable peak of $2,227.27 in 2020 before slightly declining to around $1,960.00 in 2021. This pattern might suggest rising property demands or regional economic factors, which may be important for investors, appraisers, and real estate agents considering engagements in this locality.
Percentage of Farm Returns in Ballard County, KY Over the Last 10 Years
Over the past decade, farm tax returns in Ballard County, Kentucky have shown a varied trend. Starting at 9.86% in 2012, the percentage dipped slightly to around 8.62% in 2021. This gradual decline could suggest subtle economic shifts or changing agricultural practices in the area. For potential investors, builders, or residents, understanding these shifts might be crucial. Farm tax returns are an indication of the economic health of the agricultural sector, reflecting the incomes and financial conditions of local farmers. This data could be part of a larger story about rural economies and land use trends in Western Kentucky, impacting decisions on property investments or business operations.
Number of Mortgages by Occupancy Type in Ballard County, KY Over the Last 5 Years in Ballard County
In Ballard County, Kentucky, the number of mortgages for principal residences has seen fluctuations over the last five years, peaking at 316 in 2021 but showing a decline to 215 by 2022. Investment properties, while significantly fewer, also reflect an upward trend, culminating at 10 in 2022. These changes in occupancy type hint at shifting priorities among market participants, be they buyers or investors. For real estate agents, appraisers, and investors, understanding these occupancy trends can yield insights into market health and demand dynamics. Insurance agents might consider these patterns when assessing risk and coverage needs, while prospective residents could gauge the attractiveness and stability of the housing market. Builders might also find this data useful in tailoring new projects to meet emerging needs.
Economic Outlook
Ballard County, Kentucky has seen varied average taxable incomes in the past nine years, with a notable increase in 2021, hinting at possible economic growth. State and local income taxes have also fluctuated, peaking in 2020 at $7,069.23, indicating rising incomes and a stable tax environment. The total tax liability per tax return has experienced significant ups and downs, with the latest figure in 2021 standing at $7,311.15, reflecting economic shifts and tax policy changes that could be... Read more
Average Taxable Income per Tax Return in Ballard County, KY over the last 9 years
Ballard County, Kentucky has experienced fluctuating average taxable incomes over the last nine years, with figures generally hovering between $48,284.87 and $57,338.12. Notably, there is a significant uptick in 2021, suggesting potential economic growth or changes in the local economy. This trend may indicate an evolving market that could appeal to investors or those looking to build or move to this area. Real estate agents and appraisers might find these income shifts useful for understanding housing market dynamics and assessing property values.
Average State and Local Income Taxes Per Tax Return in Ballard County, KY Over the Last 10 Years
Over the past decade, Ballard County, Kentucky has seen varying trends in state and local income taxes per tax return, with amounts fluctuating between $5,734.29 in 2016 and reaching a peak of $7,069.23 in 2020. Notably, after a low in 2016, the taxes rose steadily, suggesting economic growth and potentially increased income levels among residents. For investors, developers, and newcomers, this indicates a stable tax environment and a potentially lucrative market with a resilient economic fabric.
Average Total Tax Liability Per Tax Return in Ballard County, KY Over the Last 10 Years
Over the past decade in Ballard County, Kentucky, the average total tax liability per tax return has seen significant fluctuations. The highest was in 2013 at $7,923.20, contrasted by a notable dip in 2018 to $6,134.05. Recent data from 2021 shows a resurgence to $7,311.15. Such variability could be indicative of economic shifts and tax policy changes that potential residents and investors might find essential when considering financial planning and property investments in the region.
Cost of Living in Ballard County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $951 | $1,327 | $1,746 | $1,012 | $1,089 |
| 1 adult 4 children | $951 | $1,084 | $1,335 | $1,012 | $1,161 |
| 2 adults 3 children | $951 | $1,084 | $1,515 | $1,012 | $903 |
| 1 adult 3 children | $951 | $885 | $1,104 | $1,012 | $924 |
| 2 adults 2 children | $763 | $887 | $1,284 | $878 | $818 |
| 1 adult 2 children | $763 | $663 | $873 | $878 | $711 |
| 2 adults 1 child | $763 | $701 | $1,053 | $442 | $759 |
| 1 adult 1 child | $763 | $453 | $642 | $442 | $635 |
| 2 adults | $580 | $563 | $822 | $0 | $656 |
| 1 adult | $553 | $307 | $411 | $0 | $555 |
Safety trends & Data
Property crime trends in Ballard County, Kentucky show notable consistency, particularly in burglary and larceny-theft over the last five years. Burglary counts peaked at 5 in several years, while larceny-theft incidents fluctuated but never exceeded 4 annually. Motor vehicle thefts and vandalism rates, although variable, tend to be lower. This stability offers insights for investors, real estate agents, and residents about where increased security measures might be needed, which could... Read more
Property Crime Trends in Ballard County, KY Over the Last 5 Years
Property crime trends in Ballard County, Kentucky show a notable consistency in specific crime categories like burglary and larceny-theft over the last five years. For instance, burglary counts remained high, peaking at 5 in multiple years (2020, 2021, and 2022), while larceny-theft incidents fluctuated but never exceeded 4 annually. Motor vehicle thefts and vandalism rates also indicate variability but are generally lower in frequency. The stability in these numbers can provide useful insights for potential investors, real estate agents, and residents, highlighting potential areas for increased security measures and impacting property value assessments.
Demographics
In Ballard County, Kentucky, the adult population is almost equally split between males and females. Educational attainment reveals that a sizeable portion, around two-thirds, has completed high school and some have attended college, though fewer have pursued advanced degrees. Most residents fall within the 35 to 64 age range, indicating an aging populace with fewer young children and young adults. The racial makeup is predominantly White, with Black or African American residents forming a... Read more
Race Distribution in Ballard County, Kentucky (2022)
Educational Attainment in Ballard County, Kentucky (2022)
Age Distribution in Ballard County, Kentucky
Citizen Population in Ballard County, Kentucky (2022)
Political Trends & Data
Ballard County, Kentucky, exhibited a notable conservative tilt in the 2020 U.S. Presidential Election, with roughly 79% of the electorate leaning Republican. Democratic candidates only captured around 20%, and minor parties barely made a splash. This trend suggests the county's electorate might prefer policies associated with the Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ballard County, Kentucky, saw a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with about 79% of the vote potentially favoring Republican candidates. The Democratic party garnered roughly 20%, while the Libertarian party and other minor parties collectively received less than 1% of the vote. This distribution might highlight the county's strong inclination towards conservative policies.
79.43% of voters voted for the Republican party in the 2020 Presidential Election
19.53% of voters voted for the Democrat party in the 2020 Presidential Election
0.76% of voters voted for the Livertarian party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Ballard County, Kentucky has seen a fluctuating student-to-teacher ratio, peaking at 21 students per teacher in 2017 and 2020 but improving to 15 in 2023. Despite this recent change, the county's ratio has consistently exceeded the national average of 14 students per teacher. This trend may hold significance for potential investors, real estate agents, or families considering relocation, as a higher ratio could suggest larger class sizes and potentially impact education... Read more
Student-to-teacher ratio in Ballard County, Kentucky over the last 10 years
Over the past decade, Ballard County, Kentucky has experienced a fluctuating student-to-teacher ratio, peaking at 21 students per teacher in 2017 and 2020 and dropping to its lowest at 15 in 2023. Despite this recent improvement, the county's average student-to-teacher ratio has consistently been higher than the national average of 14 students per teacher. This trend might be significant for potential investors, real estate agents, or families considering a move to the area, as a higher ratio could indicate larger class sizes, possibly affecting the quality of education. Insurance agents and appraisers might also find these figures useful for assessing the community's resource allocation and overall appeal.
