Barren County Real Estate and Livability Trends
Barren County, Kentucky has seen notable growth in average taxable incomes, with a significant spike between 2020 and 2021 possibly reflecting improved local economic conditions. Median home values have soared nearly 48% since 2015, outpacing both state and national trends. Real estate taxes have risen, hinting at increasing property values or shifting policies. Meanwhile, the local educational... Read more
Barren County Market Trends
Barren County, Kentucky has experienced a nearly 48% rise in median home values, from $105,800 in 2015 to $156,800 in 2022, outpacing statewide and national increases. Residential energy tax credits per tax return also surged, indicating a growing focus on energy-efficient investments. Real estate taxes have steadily risen, peaking at about $2,781.40 in 2020, hinting at rising property values or... Read more
Median Value of Occupied Housing Units in Barren County, Kentucky Over the Last 8 Years
Barren County, Kentucky has seen substantial growth in median home values over the past eight years, from $105,800 in 2015 to $156,800 in 2022. This nearly 48% increase surpasses both the state’s growth rate and the national rate, where Kentucky’s median home values rose to $177,000 and national figures hit $179,400 in 2022. This upward trend suggests an increasingly attractive market for potential homeowners and investors, possibly driven by the county's relative affordability compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in Barren County, KY Over the Last 8 Years
Residential energy tax credits in Barren County, Kentucky have seen significant growth over the last eight years, starting at around $237.14 per tax return in 2013 and reaching $1,000 per tax return in 2021. This upward trend indicates a growing emphasis on energy-efficient investments among homeowners, which could be attractive to investors, real estate agents, and insurance agents. For those looking to build property or move to Barren County, it's worth noting the potential for substantial savings on energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Barren County, KY Over the Last 10 Years
Barren County, Kentucky, has seen a notable increase in real estate taxes per tax return over the past decade. Starting at approximately $1,487.15 in 2012, the average steadily climbed, peaking significantly in 2018 at around $2,584.91. This upward trajectory continued into 2020, reaching about $2,781.40, before showing a slight decline to roughly $2,734.88 in 2021. This trend may indicate rising property values or changing tax policies, speaking to potential investors about an evolving market, which could affect appraisals, insurance premiums, and real estate strategies.
Percentage of Farm Returns in Barren County, KY Over the Last 10 Years
Over the last decade, Barren County, Kentucky has exhibited a gradual but noticeable decrease in the percentage of farm tax returns. Starting at 12.09% in 2012, the number has inched downward almost every year, reaching a low of 9.83% in 2020. Though there was a slight uptick to 9.98% in 2021, the overall trend suggests a decline in farm-related tax declarations. This matters for potential investors, property developers, and residents as the decreasing farm returns may indicate shifts in the local economy, land usage, and possibly a move away from agricultural activities.
Number of Mortgages by Occupancy Type in Barren County, KY Over the Last 5 Years in Barren County
The last five years in Barren County, Kentucky show notable fluctuations in mortgage counts across different occupancy types. Principal Residence mortgages peaked in 2020 at 2,338 but dropped to 1,749 by 2022. Investment Property and Second Residence mortgages remained relatively stable but lower, with minor increases. Shifts in mortgage types could reflect evolving economic conditions, consumer confidence, or demographic changes, impacting how attractive the area is for new residents, investors, appraisers, and insurance agents. For real estate professionals, understanding these trends is key to anticipating market demands and price movements.
Economic Outlook
Barren County, Kentucky has shown consistent growth in average taxable income per tax return over the past nine years, increasing from $41,658.14 in 2013 to $54,677.94 in 2021. The most notable spike occurred between 2020 and 2021, potentially indicating improved local economic conditions or changes in wage structures. Meanwhile, average state and local income taxes per return have also risen significantly, particularly peaking at $12,293.88 in 2018 before stabilizing around $10,000 in recent... Read more
Average Taxable Income per Tax Return in Barren County, KY over the last 9 years
Barren County, Kentucky has exhibited a steady upward trend in average taxable income per tax return over the last nine years, with figures growing from $41,658.14 in 2013 to $54,677.94 in 2021. Notably, the most significant jump occurred between 2020 and 2021, hinting at a potential boost in local economic conditions or shifts in wage structures. This consistent increase in taxable income can indicate a strengthening economy and possibly a higher standard of living, making it an appealing option for investors, potential residents, appraisers, and real estate agents.
Average State and Local Income Taxes Per Tax Return in Barren County, KY Over the Last 10 Years
Barren County in Kentucky has experienced a notable increase in average state and local income taxes per tax return over the past decade. Starting from $6,171.20 in 2012, it saw a marked rise, peaking dramatically at $12,293.88 in 2018 before stabilizing around the $10,000 mark in the subsequent years. This trend suggests a growing tax burden, reflecting potential economic shifts and policy changes significant for investors, future residents, or property developers analyzing financial implications and cost of living in the area.
Average Total Tax Liability Per Tax Return in Barren County, KY Over the Last 10 Years
Barren County, Kentucky has seen fluctuating tax liabilities over the past decade, with an overall upward trend. Taxpayers faced an average liability of $6,065.07 in 2012, reaching $7,943.07 by 2021. Significant year-to-year increases, such as the spike in 2021, might suggest underlying economic or policy changes. Such information could be vital for potential investors, residents, and those interested in property development, as it highlights the evolving fiscal landscape in the region.
Cost of Living in Barren County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $962 | $1,247 | $1,820 | $1,019 | $1,004 |
| 1 adult 4 children | $962 | $1,018 | $1,392 | $1,019 | $1,029 |
| 2 adults 3 children | $962 | $1,018 | $1,579 | $1,019 | $822 |
| 1 adult 3 children | $962 | $831 | $1,151 | $1,019 | $811 |
| 2 adults 2 children | $742 | $834 | $1,338 | $897 | $735 |
| 1 adult 2 children | $742 | $623 | $910 | $897 | $634 |
| 2 adults 1 child | $742 | $659 | $1,097 | $500 | $712 |
| 1 adult 1 child | $742 | $426 | $669 | $500 | $593 |
| 2 adults | $574 | $529 | $856 | $0 | $608 |
| 1 adult | $538 | $289 | $428 | $0 | $519 |
Safety trends & Data
Over the past five years, Barren County, Kentucky, has shown notable trends in property crime rates, providing intriguing insights for investors and policy makers. "Larceny - Theft" saw a sharp rise to 143 cases in 2019, then plummeted to 63 by 2022. "Motor Vehicle Theft" increased from 1.0 in 2019 to 6.0 in 2021 and 2022, suggesting a shift in criminal activity patterns. Despite some fluctuations, "Burglary" incidents remained steady, averaging 19-20 cases annually, while "Stolen Property:... Read more
Property Crime Trends in Barren County, KY Over the Last 5 Years
Over the past five years, Barren County, Kentucky, has seen fluctuations in property crime rates. Notably, "Larceny - Theft" had a sharp increase in 2019 with 143 recorded cases, but significantly dropped to 63 by 2022. Meanwhile, "Burglary" incidents have remained relatively steady, hovering around 19-20 cases annually. Interesting upticks were observed in "Motor Vehicle Theft," which rose from 1.0 in 2019 to 6.0 in both 2021 and 2022. "Stolen Property: Buying, Receiving, Possessing" also showed fluctuating but generally consistent activity, peaking at 22 cases in 2020. These trends suggest a dynamic landscape in property crimes, which may interest investors, real estate agents, and policy makers in assessing the safety and economic factors influencing the county.
Demographics
Barren County, Kentucky, exhibits a nearly balanced gender population. When looking at educational attainment, there seems to be a significant portion of high school graduates, with fewer individuals holding associate's, bachelor's, and graduate degrees. Age distribution highlights a notable young population under 10 years, yet the largest cohort is between 55 to 64 years old, signaling a potentially aging demographic. Racially, the county is predominantly white, with negligible representation... Read more
Race Distribution in Barren County, Kentucky (2022)
Educational Attainment in Barren County, Kentucky (2022)
Age Distribution in Barren County, Kentucky
Citizen Population in Barren County, Kentucky (2022)
Political Trends & Data
Barren County, Kentucky, shows a clear Republican lean, with about 73% of voters siding with the GOP in the 2020 U.S. Presidential Election. Democrats accounted for roughly 26% of the vote, suggesting a smaller, though notable, presence. Third-party candidates barely made a dent, collectively pulling in under 2%. This conservative tendency might influence local policies, including regulations and initiatives impacting the real estate market, potentially making it more predictable in terms of... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Barren County, Kentucky, the 2020 U.S. Presidential Election results suggest a strong Republican preference, with approximately 73% of the vote. Democrats appeared to capture around 26%, indicating a significant, yet considerably smaller support base. Notably, third-party candidates, including Libertarians and others, garnered only a fraction of the vote, collectively making up less than 2%. This trend could suggest a predominantly conservative electorate with limited appeal for alternative political parties in the region.
73.07% of voters voted for the Republican party in the 2020 Presidential Election
25.56% of voters voted for the Democrat party in the 2020 Presidential Election
1.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
Barren County, Kentucky has witnessed its student-to-teacher ratio drop from 24:1 in 2014 to 15:1 in 2023. This shift points to potentially improved educational outcomes and could entice investors and real estate professionals as better schooling often boosts property values. The trend may also attract appraisers and insurance agents, who factor educational quality into community desirability and risk... Read more
Student-to-teacher ratio in Barren County, Kentucky over the last 10 years
Barren County, Kentucky has seen a significant decrease in its student-to-teacher ratio over the past decade, dropping from twenty-four students per teacher in 2014 to fifteen students per teacher in 2023. This downward trend suggests a more favorable educational environment compared to the national average of fourteen students per teacher, potentially indicating better individual attention for students and possibly enhancing overall educational outcomes. For investors, real estate agents, and those considering moving to the area, the improving student-to-teacher ratio might signal a strengthening of the local education system, which could positively impact property values and community growth. Lower ratios may also interest appraisers and insurance agents, who often consider educational quality in their assessments of community desirability and risk.
