Bracken County Real Estate and Livability Trends
Bracken County, Kentucky has experienced a notable rise in average taxable income per tax return, from about $42,987.70 in 2013 to roughly $53,309.69 in 2021, hinting at potential economic growth appealing to real estate investors and homeowners. Median home values have reached $115,100 in 2022, well below state and national medians, positioning the county as an attractive option for low-cost... Read more
Bracken County Market Trends
Bracken County, Kentucky has seen an upward trend in median home values, reaching $115,100 in 2022, still below the state median of $177,000 and the national median of $179,400. This makes Bracken County attractive for lower-cost housing or investment opportunities. Variability in residential energy tax credits, peaking at $800.00 in 2019, suggests significant incentives for energy-efficient home... Read more
Median Value of Occupied Housing Units in Bracken County, Kentucky Over the Last 8 Years
Bracken County, Kentucky has seen some fluctuation in median home values over the past eight years, with a general upward trend. As of 2022, the median value reached $115,100, a significant increase from 2015's $95,800. This contrasts with Kentucky's state median of $177,000 and the national median of $179,400 in 2022, placing Bracken County well below both averages. For investors and potential homebuyers, this implies more affordable pricing in Bracken County, potentially making it a compelling option for those seeking lower-cost housing or investment opportunities within Kentucky.
Residential Energy Tax Credit Per Tax Return in Bracken County, KY Over the Last 7 Years
Bracken County, Kentucky has seen fluctuating residential energy tax credits per tax return over the past seven years, with a notable peak at $800.00 in 2019. While the average tax credit often hovers around the mid to high $200s, surges in 2016 and 2021 indicate occasional significant incentives for energy-efficient home upgrades. Real estate agents, investors, and homeowners might find these trends indicative of broader shifts towards energy efficiency in the region, potentially adding to property value assessments and impacting insurance premiums.
Average Real Estate Taxes Per Tax Return in Bracken County, KY Over the Last 10 Years
Real estate taxes in Bracken County, Kentucky, have seen noticeable fluctuations over the past decade, starting at $1,411.27 in 2012 and peaking at $2,500.00 in 2020. This trend may suggest an evolving tax landscape that could influence decisions for potential homeowners, investors, and real estate professionals. The jump in taxes around 2018-2020 before dropping again in 2021 hints at possible adjustments in county policies or property valuations. Understanding these patterns can be crucial for appraisers and insurance agents when calculating long-term costs and for builders and buyers assessing the financial viability of projects.
Percentage of Farm Returns in Bracken County, KY Over the Last 10 Years
The percentage of farm tax returns in Bracken County, Kentucky has generally been in a gradual decline over the last decade. In 2012, the percentage stood at 17.13% and it has slowly decreased to around 12.76% by 2021. This trend may indicate a shift away from farming as a primary income source or changes in the local agriculture economy. For investors, builders, or individuals considering moving to the area, this could imply evolving land use patterns, potentially affecting land value, real estate markets, and community development.
Number of Mortgages by Occupancy Type in Bracken County, KY Over the Last 5 Years in Bracken County
Bracken County, Kentucky, shows a predominantly high count of mortgages for principal residences over the past five years, peaking in 2021 with 342 and showing a dip in 2022 down to 256. Investment properties and second residences have had relatively stable and low numbers, with investment property mortgages ranging from 7 to 11 and second residence mortgages staying between 6 and 12. This trend may matter for potential investors and homebuyers, as a higher demand for principal residences often signals a stable community appealing for long-term living, which could influence property values and the type of housing stock developers might focus on. For insurance agents and appraisers, understanding these occupancy trends can affect risk assessments and valuation processes. Real estate agents could leverage this data to better advise their clients on market conditions and investment prospects in Bracken County.
Economic Outlook
Bracken County, Kentucky, has experienced a notable rise in average taxable income per tax return, climbing from about $42,987.70 in 2013 to roughly $53,309.69 in 2021. This suggests potential economic growth, which could make the county more appealing for real estate investors and homeowners. Concurrently, state and local income taxes per return have also surged, from $5,300.00 in 2012 to a significant $10,185.71 by 2021, indicating increased fiscal pressures. The average total tax liability... Read more
Average Taxable Income per Tax Return in Bracken County, KY over the last 9 years
Bracken County, Kentucky has seen a gradual rise in the average taxable income per tax return over the past nine years, moving from roughly $42,987.70 in 2013 to approximately $53,309.69 in 2021. This upward trend indicates potential economic growth and increasing prosperity in the region, making it attractive for real estate investors, potential homeowners, and insurance agents who might see growing market opportunities. As taxable income rises, it could also signal a strengthening local economy, which could positively impact property values and community development.
Average State and Local Income Taxes Per Tax Return in Bracken County, KY Over the Last 10 Years
Over the past decade, Bracken County, Kentucky has seen a notable rise in state and local income taxes per tax return, spiking from $5,300.00 in 2012 to $10,185.71 in 2021. After a relatively steady increase, 2018 marked a significant jump to $7,587.50, followed by a dramatic rise in 2021. These growing tax rates could impact decisions for potential property investors, residents, and new businesses, signaling a trend of increasing fiscal demands in the area.
Average Total Tax Liability Per Tax Return in Bracken County, KY Over the Last 10 Years
Bracken County, Kentucky, has shown notable fluctuations in average total tax liability per tax return over the last decade. While 2012 saw a liability of $5,230.74, there was a significant jump in 2015 to $6,223.33. The year 2021 marked another peak at $6,436.51. These shifts could indicate varying economic conditions and changes in local policies, which may be relevant for potential investors or residents considering the financial landscape of the region.
Cost of Living in Bracken County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,122 | $1,327 | $1,649 | $1,128 | $1,198 |
| 1 adult 4 children | $1,122 | $1,084 | $1,259 | $1,128 | $1,262 |
| 2 adults 3 children | $1,122 | $1,084 | $1,432 | $1,128 | $969 |
| 1 adult 3 children | $1,122 | $885 | $1,042 | $1,128 | $1,034 |
| 2 adults 2 children | $838 | $887 | $1,215 | $986 | $852 |
| 1 adult 2 children | $838 | $663 | $825 | $986 | $784 |
| 2 adults 1 child | $838 | $701 | $998 | $525 | $806 |
| 1 adult 1 child | $838 | $453 | $607 | $525 | $682 |
| 2 adults | $643 | $563 | $781 | $0 | $676 |
| 1 adult | $560 | $307 | $390 | $0 | $535 |
Safety trends & Data
Property crime in Bracken County, Kentucky, has shown fluctuations over the past five years, potentially reflecting broader socio-economic factors. Motor vehicle theft and burglary displayed consistency with minor spikes, such as three motor vehicle thefts in 2019. Larceny-theft incidents peaked at three in 2021 but then decreased. Vandalism incidents remained low, although there was an increase in arrests for dealing in stolen property, reaching five in 2021. These trends may influence real... Read more
Property Crime Trends in Bracken County, KY Over the Last 5 Years
Property crime in Bracken County, Kentucky, has shown notable fluctuations over the past five years, potentially reflecting broader socio-economic factors. Motor vehicle theft and burglary have been relatively consistent, with small spikes, such as three motor vehicle thefts in 2019. Meanwhile, larceny-theft appeared to peak with three incidents in 2021 before reducing. Vandalism remained minimal but present, and there was a curious increase in arrests for dealing in stolen property, peaking at five arrests in 2021. These trends could be crucial for real estate agents, insurance professionals, and potential investors assessing the area's risk profile and overall safety.
Demographics
Bracken County, Kentucky shows a relatively balanced gender split among its adult population. Educational attainment varies widely with a significant portion of residents having only a high school diploma or some college experience, presenting potential opportunities for further educational initiatives. Age distribution indicates a diverse range of age groups, though there are slightly fewer young adults and seniors. The racial composition is predominantly white, with small representations from... Read more
Race Distribution in Bracken County, Kentucky (2022)
Educational Attainment in Bracken County, Kentucky (2022)
Age Distribution in Bracken County, Kentucky
Citizen Population in Bracken County, Kentucky (2022)
Political Trends & Data
In Bracken County, Kentucky, there was a strong preference for the Republican candidate during the 2020 U.S. Presidential Election, overshadowing the Democratic candidate significantly. Third-party candidates like the Libertarian party made a minimal impact, potentially reflecting the county's conservative leanings or local issues swaying voter behavior. This trend hints at a predominantly Republican voter base, shaping the political landscape in regional... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bracken County, Kentucky, displayed a marked preference for the Republican candidate in the 2020 U.S. Presidential Election, with a substantial lead over their Democratic counterpart. Third-party candidates, such as the Libertarian, made a negligible impact on the overall voting landscape. This significant inclination towards the Republican party could suggest the county's conservative leanings or specific local issues influencing voter behavior.
80.07% of voters voted for the Republican party in the 2020 Presidential Election
18.85% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.45% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bracken County, Kentucky has experienced a drop in the student-to-teacher ratio from 16 in 2014 to nearly 15 this year. Although this is slightly above the national average of 14 students per teacher, the trend toward smaller class sizes may suggest improving educational environments. For families considering relocation, this could make the county more appealing, potentially boosting property values. Real estate investors, appraisers, and developers could find this trend valuable for assessing... Read more
Student-to-teacher ratio in Bracken County, Kentucky over the last 10 years
Bracken County, Kentucky has seen a notable decrease in the student-to-teacher ratio over the past decade, dropping from 16 in 2014 to nearly 15 this year. Despite fluctuating slightly above the national average of 14 students per teacher, the recent trend toward lower ratios could suggest improving classroom environments, potentially making the county more attractive to families considering relocation. This decrease might positively impact property values and appeal to real estate investors, as better educational environments are often a key factor for homebuyers. For appraisers and insurance agents, these changing dynamics could influence risk assessments and policy pricing, while developers and real estate agents could leverage this trend to highlight local improvements in their marketing efforts.
