Bath County Real Estate and Livability Trends
Bath County, Kentucky, exhibits intriguing real estate dynamics with median home values rising from $73,500.00 in 2015 to $101,300.00 in 2022, despite a notable dip in 2020. Real estate taxes have nearly doubled over the last decade, hinting at increased property values or tax reevaluations, while mortgages surged significantly, indicating robust housing demand. Coupled with rising average... Read more
Bath County Market Trends
Bath County, Kentucky, has seen its median home values rise from $73,500.00 in 2015 to $101,300.00 in 2022, still trailing the state median of $177,000.00. Despite a dip to $83,900.00 in 2020, values have generally climbed, suggesting resilience. Residential energy tax credits have fluctuated significantly, from a high of $700.00 in 2014 to a low of $200.00 in 2020, possibly reflecting changing... Read more
Median Value of Occupied Housing Units in Bath County, Kentucky Over the Last 8 Years
Bath County, Kentucky, has seen its median home values increase from $73,500.00 in 2015 to $101,300.00 in 2022. This growth, while significant, still places the county's housing market well below both Kentucky's state median of $177,000.00 and the national median of $179,400.00 for 2022. Over the last eight years, Bath County experienced a notable dip in 2020, dropping to $83,900.00, before recovering. This market context suggests that while property investments in Bath County may offer lower entry points, they also exhibit resilience and growth, albeit at a slower pace compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Bath County, KY Over the Last 7 Years
Over the past seven years, Bath County, Kentucky has seen quite a bit of volatility in average residential energy tax credits claimed per tax return. The figures peaked in 2014 at $700.00, then dropped sharply to a low of $200.00 in 2020. Such fluctuations may indicate shifting policies or incentives affecting energy-efficient home upgrades. Prospective investors, property builders, and insurers should consider these trends as they can reflect changing priorities in energy efficiency measures and associated fiscal benefits.
Average Real Estate Taxes Per Tax Return in Bath County, KY Over the Last 10 Years
In the past decade, Bath County, Kentucky, has seen a noticeable rise in average real estate taxes per tax return, climbing from $1,125.00 in 2012 to $2,300.00 in 2021. While there were some fluctuations, the trend generally points upward, especially significant jumps observed in 2018 and 2021. This could suggest potential increases in property values or reevaluation of tax rates, which is crucial for anyone looking to invest, move, or build property in the area.
Percentage of Farm Returns in Bath County, KY Over the Last 10 Years
The percentage of farm tax returns in Bath County, Kentucky has shown a steady fluctuation over the past decade, hovering around 13% to 14%, with slight dips observed in 2015 and 2020 when the percentages were 12.47% and 12.59% respectively. Farm tax returns indicate the proportion of taxpayers whose primary income comes from farming, and this trend can suggest the stability and importance of agriculture in the county’s economy. For potential investors, builders, or those considering moving to Bath County, this data might imply a potentially resilient agricultural sector despite minor year-to-year variances.
Number of Mortgages by Occupancy Type in Bath County, KY Over the Last 5 Years in Bath County
Changes in the number of mortgages by occupancy type in Bath County, Kentucky suggest varying market dynamics. The sharp rise in principal residence mortgages from 244 in 2018 to 460 in 2021 may indicate a growing population or increased housing demand. Investment property counts show a more gradual increase, which could imply a steady interest in rental or resale ventures. The relatively low and static numbers for second residences suggest they are not a significant segment of the market. For investors, this data could imply a balanced investment environment with more emphasis on primary homes. Appraisers and insurance agents might find the shifting occupancy type mix critical for assessing property values and coverage needs. Real estate professionals and builders could use these trends to gauge where to allocate resources or pursue opportunities.
Economic Outlook
In Bath County, Kentucky, average taxable income per tax return has seen a steady increase from $35,855.41 in 2013 to $45,083.23 in 2021, indicating a potentially robust local economy. Coupled with rising state and local income taxes, peaking at $7,128.57 in 2018, and an upward trend in total tax liability, hitting $5,275.48 in 2021, these factors suggest significant economic developments. For real estate professionals, investors, and appraisers, these trends could imply growing property values... Read more
Average Taxable Income per Tax Return in Bath County, KY over the last 9 years
In Bath County, Kentucky, there has been a general upward trend in average taxable income per tax return over the past nine years, with a notable increase from $35,855.41 in 2013 to $45,083.23 in 2021. This steady rise suggests a strengthening local economy, which may be attractive to potential investors, property developers, and real estate professionals. For appraisers and insurance agents, understanding this income progression can aid in more accurate property valuations and risk assessments, making it a key factor for anyone interested in the area's economic health.
Average State and Local Income Taxes Per Tax Return in Bath County, KY Over the Last 10 Years
Over the past decade, Bath County, Kentucky, has seen a notable rise in average state and local income taxes per tax return, with figures climbing from $4,871.43 in 2012 to $6,816.67 in 2021. This trend highlights a growing financial commitment from residents, peaking in 2018 at $7,128.57. For potential investors and residents, this upward trajectory in tax obligations is a crucial factor in financial planning and property investment decisions in the region.
Average Total Tax Liability Per Tax Return in Bath County, KY Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Bath County, Kentucky has shown a general upward trend. Starting at $4,098.36 in 2012, there have been notable increases peaking at $5,275.48 in 2021. This likely signals some underlying economic changes or adjustments in tax regulations affecting residents. For potential investors or those considering moving to or building property in Bath County, this trend may suggest rising income levels or possibly higher property values, both of which could impact long-term financial planning and investment strategy.
Cost of Living in Bath County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $974 | $1,279 | $1,612 | $1,113 | $1,014 |
| 1 adult 4 children | $974 | $1,044 | $1,231 | $1,113 | $1,058 |
| 2 adults 3 children | $974 | $1,045 | $1,399 | $1,113 | $834 |
| 1 adult 3 children | $974 | $853 | $1,019 | $1,113 | $841 |
| 2 adults 2 children | $742 | $855 | $1,187 | $967 | $739 |
| 1 adult 2 children | $742 | $639 | $806 | $967 | $649 |
| 2 adults 1 child | $742 | $676 | $974 | $493 | $699 |
| 1 adult 1 child | $742 | $437 | $593 | $493 | $588 |
| 2 adults | $640 | $543 | $761 | $0 | $622 |
| 1 adult | $538 | $296 | $381 | $0 | $515 |
Safety trends & Data
Property crime trends in Bath County, Kentucky have varied over the past five years. Burglary cases peaked in 2019 at 3.00 but have mostly stabilized at 1.00 annually since then. Larceny-theft also hit its highest in 2019 at 4.00 but hasn't been reported since 2020. Motor vehicle theft, however, saw an increase from zero in 2021 to 3.00 in 2022. Stolen property cases fluctuate around 2.00. Investors and real estate professionals might infer from these dynamics that the property crime situation... Read more
Property Crime Trends in Bath County, KY Over the Last 5 Years
Property crime trends in Bath County, Kentucky show a generally low but varying level of incidents over the past five years. Burglary cases peaked in 2019 at 3.0 but have mostly stabilized at 1.0 annually. Larceny-theft also recorded its highest in 2019 at 4.0 but hasn't been reported since 2020. Vandalism incidents saw a peak in 2019 with 2.0 but have slightly decreased. Motor vehicle theft, which wasn't reported until 2021, saw an increase to 3.0 in 2022. Stolen property cases have fluctuated but tend to hover around 2.0. Investors, appraisers, and real estate agents might see these dynamics as indicative of the area's relatively contained property crime situation, important for making informed decisions.
Demographics
In Bath County, Kentucky, the adult population is nearly evenly split between males and females, with slightly more females. Educational attainment reveals that a significant portion of the population has only a high school diploma, while fewer have advanced degrees, indicating potential areas for educational initiatives. The age distribution showcases a prominent older population segment, especially those aged 55 and above, which could influence healthcare and community services. Racially, the... Read more
Race Distribution in Bath County, Kentucky (2022)
Educational Attainment in Bath County, Kentucky (2022)
Age Distribution in Bath County, Kentucky
Citizen Population in Bath County, Kentucky (2022)
Political Trends & Data
Bath County, Kentucky, showed a pronounced Republican preference in the 2020 U.S. Presidential Election, with approximately 70.8% of votes favoring the party. Democrats lagged behind, garnering close to 27.95%, while third-party candidates collectively received just over 1%. This voting behavior could potentially influence local policies and investment trends within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bath County, Kentucky, seemed to lean predominantly Republican in the 2020 U.S. Presidential Election, with the party securing a notable 70.8% of the vote. The Democratic contenders trailed significantly, capturing around 27.95%. Libertarians and other parties had a minimal impact, collectively earning just over 1% of the votes.
70.84% of voters voted for the Republican party in the 2020 Presidential Election
27.95% of voters voted for the Democrat party in the 2020 Presidential Election
0.78% of voters voted for the Livertarian party in the 2020 Presidential Election
0.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Bath County, Kentucky, has varied, hitting a high of 17 in 2020 and dropping to 14 in 2022. These fluctuations, which sometimes align with the national average of 14 students per teacher, suggest classrooms may occasionally be more crowded compared to other regions. For investors and potential movers, understanding these educational trends can provide valuable insights into community resources. Real estate and insurance professionals can use this data to better... Read more
Student-to-teacher ratio in Bath County, Kentucky over the last 10 years
The student-to-teacher ratio in Bath County, Kentucky has fluctuated over the past decade, peaking at 17 in 2020 and dipping to a low of 14 in 2022. While these figures sometimes align with the national average of 14 students per teacher, recent years have seen a higher ratio, suggesting classrooms may be more crowded compared to other parts of the United States. For investors and those looking to move to Bath County, understanding these trends can offer insight into community resources and educational support. For real estate agents, appraisers, and insurance agents, knowing the fluctuations in the student-to-teacher ratio can help gauge the local demand for housing and educational services, as well as the overall quality of life in the area.
