Bell County Real Estate and Livability Trends
Bell County, Kentucky has witnessed a general upward trend in average taxable income per tax return over the past nine years, growing from $33,569.53 in 2013 to $41,979.60 in 2021, perhaps signaling improved economic conditions and making the area more attractive to investors and homebuyers. The median home value saw modest growth from $60,400 in 2015 to $76,700 in 2022, significantly lower than... Read more
Bell County Market Trends
The median home value in Bell County, Kentucky has grown modestly from $60,400 in 2015 to $76,700 in 2022, still significantly lower than the statewide and national medians. This pricing yields unique opportunities for investment or homeownership in a more affordable market with potential for future appreciation as the county trends closer to broader economic patterns. Residential energy tax... Read more
Median Value of Occupied Housing Units in Bell County, Kentucky Over the Last 8 Years
Over the past eight years, the median home value in Bell County, Kentucky has demonstrated modest growth, starting at $60,400 in 2015 and rising to $76,700 in 2022. This growth remains substantially below the statewide median of $177,000 and the national median of $179,400 for 2022. For investors or prospective homeowners in Bell County, this could imply unique opportunities in a market that is still relatively affordable compared to broader geographic trends. The contrast highlights potential for those looking to maximize value in a less saturated area, while also possibly benefiting from future appreciation as the county catches up with larger trends.
Residential Energy Tax Credit Per Tax Return in Bell County, KY Over the Last 8 Years
Residential energy tax credits in Bell County, Kentucky have shown some fluctuations over the past eight years, with a notable surge in 2021 to $422.22. After a dip in 2014 and recovery trends peaking in 2017 at $320.00, the values remained relatively higher from 2019 onwards, suggesting an increased investment in energy-efficient home improvements. This information could be particularly useful for investors, appraisers, and real estate agents looking at energy-conscious markets, as well as homeowners aiming to capitalize on potential tax benefits in the region.
Average Real Estate Taxes Per Tax Return in Bell County, KY Over the Last 10 Years
In Bell County, Kentucky, real estate taxes per tax return have seen a general upward trend over the past decade, with a notable spike around 2018 reaching $2,473.33. While there was a dip in 2020 to $2,076.92, the most recent data for 2021 indicates an increase to $2,872.73. This volatility could signal changing property values or local tax policies, making it crucial for potential investors and current property owners to stay informed.
Percentage of Farm Returns in Bell County, KY Over the Last 10 Years
Farm tax returns in Bell County, Kentucky over the past decade have generally fluctuated between roughly 0.75% and 1.01% of total returns, indicating a somewhat stable but marginally represented agricultural sector. Notably, 2014 saw the peak at 1.01%, while 2020 represented a dip at approximately 0.77%. This trend suggests that while farming is a component of the local economy, it remains a minor part of the tax base, offering a relatively steady but small opportunity for those interested in agricultural investments in the area.
Number of Mortgages by Occupancy Type in Bell County, KY Over the Last 5 Years in Bell County
Bell County, Kentucky has displayed a relatively stable trend in mortgage counts for investment properties over the past five years. The more notable shifts are seen in principal residences, which saw significant peaks in 2020 and 2021 before dropping in 2022. Second residences have remained fairly steady, with slight fluctuations. Investors and real estate agents might find these trends insightful for gauging market dynamics, as stability or volatility in mortgage numbers can signal broader economic conditions or shifts in housing demand. Appraisers and insurance agents might also consider these data points to assess risk and market value changes over time.
Economic Outlook
Bell County, Kentucky has seen a general upward trend in average taxable income per tax return over the past nine years, climbing from $33,569.53 in 2013 to $41,979.60 in 2021. This growth might indicate improving economic conditions, potentially making the area more appealing for investors and homebuyers. State and local income taxes, however, have shown significant fluctuations, with a sharp rise to $10,525.00 in 2020, suggesting that broader economic shifts and local tax policies need... Read more
Average Taxable Income per Tax Return in Bell County, KY over the last 9 years
Average taxable income per tax return in Bell County, Kentucky has generally trended upwards over the last nine years. Starting at $33,569.53 in 2013, it experienced a modest increase, peaking significantly at $41,979.60 by 2021. This gradual rise indicates potential economic growth and might suggest an improving job market or increased wages, which can be appealing for investors, real estate agents, and those considering a move to the area. However, it's advisable to consider local economic conditions, as the average incomes still exhibit fluctuations, particularly a slight dip in 2019 before rebounding.
Average State and Local Income Taxes Per Tax Return in Bell County, KY Over the Last 10 Years
Bell County, Kentucky has seen significant fluctuations in average state and local income taxes over the past decade. Starting from $5,408.51 in 2012, taxes remained relatively steady until a sharp increase to $9,228.57 in 2018, peaking at $10,525.00 in 2020. This surge reflects broader economic shifts affecting local incomes and tax policies, making it crucial for potential investors and residents to consider these dynamic factors when planning financial activities in the county.
Average Total Tax Liability Per Tax Return in Bell County, KY Over the Last 10 Years
Over the last decade in Bell County, Kentucky, the average total tax liability per tax return has gradually increased, reflecting broader economic trends and potential shifts in income levels. Notably, there was a significant jump from $4,169.39 in 2012 to $5,226.83 in 2021. Such a trend could suggest rising incomes or changes in tax policies affecting residents. For investors and those looking to build property, these changes might signal an evolving economic landscape and potential for increased returns on investment.
Cost of Living in Bell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,055 | $1,283 | $1,722 | $1,022 | $1,022 |
| 1 adult 4 children | $1,055 | $1,048 | $1,317 | $1,022 | $1,056 |
| 2 adults 3 children | $1,055 | $1,048 | $1,495 | $1,022 | $836 |
| 1 adult 3 children | $1,055 | $856 | $1,089 | $1,022 | $832 |
| 2 adults 2 children | $742 | $858 | $1,267 | $884 | $710 |
| 1 adult 2 children | $742 | $641 | $861 | $884 | $608 |
| 2 adults 1 child | $742 | $678 | $1,039 | $436 | $672 |
| 1 adult 1 child | $742 | $438 | $633 | $436 | $551 |
| 2 adults | $657 | $545 | $811 | $0 | $612 |
| 1 adult | $638 | $297 | $406 | $0 | $523 |
Safety trends & Data
Bell County, Kentucky has experienced fluctuating property crime rates over the past five years. Larceny-theft varied, peaking at 112 incidents in 2018, dropping to 41 in 2021, then rising to 89 in 2022. Burglary numbers have been relatively stable but dipped slightly to 10 incidents in 2022. Motor vehicle theft and fraud cases generally declined, while arson incidents remained consistently low. These trends suggest varying risks for property investors and homebuyers, pointing to the importance... Read more
Property Crime Trends in Bell County, KY Over the Last 5 Years
Bell County, Kentucky has seen fluctuating property crime rates over the past five years. Notably, larceny-theft has varied significantly, peaking at 112 incidents in 2018 and decreasing to 41 in 2021 before rising again to 89 in 2022. Burglary numbers have remained relatively stable but saw a slight dip in 2022 to 10 incidents. There has been a general decline in motor vehicle theft and fraud cases, while arson remained consistently low. These trends indicate varying risks for property investors, homebuyers, and insurance agents, highlighting the need for a strategic approach to mitigate potential crime-related impacts.
Demographics
Bell County, Kentucky seems to have more females than males in the population, with a significant portion of adults holding a high school diploma or equivalent and a noticeable amount having some college education but no degree. The largest age groups are those under 10 years and between 25 to 34 years, which might indicate a relatively young demographic. Most people in Bell County identify as White, with smaller representations of other racial groups such as Black or African American and... Read more
Race Distribution in Bell County, Kentucky (2022)
Educational Attainment in Bell County, Kentucky (2022)
Age Distribution in Bell County, Kentucky
Citizen Population in Bell County, Kentucky (2022)
Political Trends & Data
Bell County, Kentucky, exhibited a strong conservative preference during the 2020 U.S. Presidential Election, with over 81% of votes favoring the Republican party. Democrats trailed significantly at around 18%, and Libertarians barely made a mark with approximately 0.8%. This political leaning might suggest a demographic favoring stability and traditional values, potentially influencing local real estate investments and market trends towards long-term, family-oriented... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bell County, Kentucky, in the 2020 U.S. Presidential Election, appeared to lean heavily Republican, with the party receiving over 81% of the votes. Democrats garnered approximately 18%, while Libertarians achieved a minor presence with around 0.8%. Other parties barely made a dent, collectively securing less than 0.4%. This could suggest a strong conservative preference in this region, with minimal competition from other political factions.
81.04% of voters voted for the Republican party in the 2020 Presidential Election
17.81% 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
0.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bell County, Kentucky has seen its student-to-teacher ratios improve over the last decade, dropping from 19 students per teacher in 2014 to around 14 by 2023. This trend suggests better educational conditions and could attract families prioritizing education, potentially boosting property values. For real estate investors and agents, the lower ratios might indicate a growing interest in the area, which could positively impact market dynamics. Appraisers and insurance agents might also keep... Read more
Student-to-teacher ratio in Bell County, Kentucky over the last 10 years
Over the last decade, Bell County, Kentucky has seen fluctuations in its student-to-teacher ratios, starting with 19 students per teacher in 2014, peaking at about 21 in 2016, and gradually declining to around 14 students per teacher by 2023. This recent trend of lower ratios may indicate improved educational conditions compared to the national average of 14, potentially making the area more appealing to families prioritizing education. For investors and real estate agents, this could signal a growing interest in the region, as favorable school characteristics often enhance property values. Appraisers and insurance agents might also consider these trends when evaluating potential risk and marketability in this locality.
