Breathitt County Real Estate and Livability Trends
Breathitt County, Kentucky, has experienced a steady rise in average taxable income per tax return from $37,465.93 in 2013 to $43,334.97 in 2021, with a notable spike between 2019 and 2021 potentially attracting investors. Median home values modestly increased from $47,500 in 2015 to $58,800 in 2022, making it a relatively affordable market. Rising real estate taxes, peaking at $2,240.00 in 2018,... Read more
Breathitt County Market Trends
The median home values in Breathitt County, Kentucky, have modestly fluctuated from $47,500 in 2015 to $58,800 in 2022, contrasting with sharper increases seen in Kentucky and nationwide, suggesting a more accessible market for those seeking lower entry prices. Residential energy tax credits have generally increased, peaking at $350.00 in 2017, indicating growing investment in energy-efficient... Read more
Median Value of Occupied Housing Units in Breathitt County, Kentucky Over the Last 8 Years
The median home values in Breathitt County, Kentucky, have experienced modest fluctuations over the past eight years, rising from $47,500 in 2015 to $58,800 in 2022. While Breathitt County saw an increase of about $11,300, the state of Kentucky witnessed more substantial growth, moving from $123,200 to $177,000 during the same period. Nationally, median home values have displayed even sharper increases, climbing from $125,500 to $179,400. This suggests Breathitt County's real estate market trends could be more appealing for those seeking lower entry prices compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Breathitt County, KY Over the Last 6 Years
Breathitt County, Kentucky has seen fluctuations in the residential energy tax credit per tax return over the past six years, with notable peaks in 2016 at $300.00 and 2017 at $350.00. Despite a decline in 2021 to $266.67, the overall trend shows a general increase from $210.00 in 2013. For investors, homeowners, and builders, this implies a growing awareness and potential investment in energy-efficient residential properties in the region, which could influence property values and appraisals. The data might also be relevant for insurance agents assessing the risks and benefits of energy-efficient modifications.
Average Real Estate Taxes Per Tax Return in Breathitt County, KY Over the Last 10 Years
Over the past decade, Breathitt County, Kentucky has seen a notable increase in average real estate taxes per tax return, peaking at $2,240.00 in 2018. This upward trend may suggest rising property values or adjustments in tax rates, making it important for potential investors and property developers to consider the long-term tax burden. For real estate agents and appraisers, understanding this pattern could help in setting more accurate property valuations. Meanwhile, residents and those moving to the area might want to prepare for potentially higher housing costs reflected through these taxes.
Percentage of Farm Returns in Breathitt County, KY Over the Last 10 Years
Farm tax returns in Breathitt County, Kentucky, have fluctuated over the past decade, with percentages varying from 2.79% in 2020 to a peak of 3.82% in 2015. Although the figures generally hover around the 3.5% mark, a noticeable dip occurred in 2020. This trend might indicate varying economic conditions affecting the agricultural sector, which could be a point of interest for investors assessing the county's economic stability or those contemplating agricultural investments. The variations in farm tax returns offer insights into the agricultural productivity and fiscal health of the region, potentially helping future property developers and residents understand the local economy better.
Number of Mortgages by Occupancy Type in Breathitt County, KY Over the Last 5 Years in Breathitt County
Over the last five years in Breathitt County, Kentucky, the number of mortgages for principal residences has seen a noticeable increase, peaking at 337 in 2021. The trend for investment properties and second residences remains relatively flat, with minor fluctuations and low counts, such as just 4 mortgages for investment properties in 2021 and only 1 for second residences in 2019. Changes in occupancy type can be pivotal for potential investors, real estate agents, or policy makers, as an uptick in principal residence mortgages could indicate a growing local population or increased demand for primary housing, potentially impacting local housing prices, demand for community services, and shaping future development plans. For insurance agents and appraisers, understanding these trends helps refine risk assessments and property valuations.
Economic Outlook
Breathitt County, Kentucky, has seen a general rise in average taxable income per tax return over the last nine years, growing from roughly $37,465.93 in 2013 to about $43,334.97 in 2021. Notably, there was a spike between 2019 and 2021, which might indicate a bolstering economic base attractive to investors and property developers. Additionally, a significant jump in average state and local income taxes per tax return from $8,933.33 in 2019 to $10,100.00 in 2020 suggests rising incomes or... Read more
Average Taxable Income per Tax Return in Breathitt County, KY over the last 9 years
Over the last nine years, Breathitt County, Kentucky, has experienced a general upward trend in average taxable income per tax return, climbing from approximately $37,465.93 in 2013 to around $43,334.97 in 2021. This growth, which saw a notable spike between 2019 and 2021, could be intriguing for investors, property developers, and real estate agents as it might signal a rising economic base in the area. For insurance agents and appraisers, the increase in disposable income may imply shifts in purchasing power and property values.
Average State and Local Income Taxes Per Tax Return in Breathitt County, KY Over the Last 10 Years
Over the past decade, Breathitt County, Kentucky has seen significant fluctuations in average state and local income taxes per tax return, with a noteworthy spike from 2019 to 2020, jumping from $8,933.33 to $10,100.00. This could indicate rising incomes or higher local tax rates, making it crucial for potential investors or new residents to consider the evolving tax landscape. The trend underscores the importance of understanding local economic health and tax policies for those looking to build property or relocate to the area.
Average Total Tax Liability Per Tax Return in Breathitt County, KY Over the Last 10 Years
Breathitt County, Kentucky saw fluctuations in average total tax liability per tax return over the past decade, with values ranging from a low of approximately $4,344.53 in 2018 to a high of about $5,180.27 in 2017. Such variations may be reflective of changes in local economic conditions, demographic shifts, or impacts of state tax policies. For prospective investors or those considering a move, it's valuable to note this dynamic financial landscape, which could influence personal financial planning, investment opportunities, and long-term residency satisfaction.
Cost of Living in Breathitt County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $903 | $1,315 | $1,722 | $1,113 | $1,020 |
| 1 adult 4 children | $903 | $1,074 | $1,317 | $1,113 | $1,051 |
| 2 adults 3 children | $903 | $1,074 | $1,495 | $1,113 | $832 |
| 1 adult 3 children | $903 | $877 | $1,089 | $1,113 | $825 |
| 2 adults 2 children | $742 | $879 | $1,267 | $967 | $756 |
| 1 adult 2 children | $742 | $657 | $861 | $967 | $656 |
| 2 adults 1 child | $742 | $695 | $1,039 | $493 | $708 |
| 1 adult 1 child | $742 | $449 | $633 | $493 | $585 |
| 2 adults | $609 | $558 | $811 | $0 | $613 |
| 1 adult | $538 | $305 | $406 | $0 | $504 |
Safety trends & Data
Breathitt County, Kentucky has seen shifting trends in property crime which could influence real estate values and safety perceptions. Larceny-theft peaked in 2019 with 27 incidents but has declined significantly since 2020. Burglary spiked in 2021 before dropping to zero in 2022, and motor vehicle theft emerged as a new concern from 2020 with relatively low numbers. Potential investors and residents might want to consider this crime data when evaluating the... Read more
Property Crime Trends in Breathitt County, KY Over the Last 5 Years
Breathitt County, Kentucky has experienced fluctuating trends in property crime over the past five years. Larceny-theft consistently tops the list, peaking in 2019 with 27 reported incidents, though showing a significant decline since 2020. Burglary incidents saw a sharp increase in 2021 but then fell to zero by 2022. Motor vehicle theft appeared as a new concern from 2020 onwards, but the numbers remain relatively low. These trends may impact local real estate valuations and perceptions of safety, making it essential for potential investors and residents to consider both current and historical crime data.
Demographics
Breathitt County, Kentucky presents a nearly balanced adult population with 5,361 males and 5,389 females. Educational attainment shows a significant portion of the population, 3,921 individuals, having completed high school while higher education degrees are less common, with 803 holding bachelor’s degrees and 861 with graduate or professional degrees. Age distribution indicates a larger number of residents in the 45-64 year range compared to younger demographics. Racially, the community is... Read more
Race Distribution in Breathitt County, Kentucky (2022)
Educational Attainment in Breathitt County, Kentucky (2022)
Age Distribution in Breathitt County, Kentucky
Citizen Population in Breathitt County, Kentucky (2022)
Political Trends & Data
Breathitt County, Kentucky, displayed a noticeable preference for the Republican party in the 2020 U.S. Presidential Election, with an estimated 75% of votes. Democrats potentially secured around 23%, while Libertarians and smaller parties collectively received less than 2%. This could suggest a dominant Republican sentiment in the area, possibly reflecting local demographic trends or particular political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Breathitt County, Kentucky, showed a pronounced lean towards the Republican party in the 2020 U.S. Presidential Election, with an estimated 75% of votes. In contrast, Democrats possibly garnered around 23%, while Libertarians and other smaller parties collectively captured less than 2%. These figures seem to highlight a strong Republican presence in this region, potentially indicating prevailing local political inclinations or demographic factors influencing voter preferences.
75.34% of voters voted for the Republican party in the 2020 Presidential Election
22.98% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Livertarian party in the 2020 Presidential Election
0.76% of voters voted for the Other party in the 2020 Presidential Election
School Data
Breathitt County, Kentucky has seen its student-to-teacher ratios shift significantly over the past decade, ranging from 12:1 in 2016 to 17:1 in 2019. The current ratio stands at 14:1, close to the national average. These fluctuations are key for anyone evaluating property investments or moves, as education quality directly influences property values, community satisfaction, and long-term economic growth. Real estate professionals can leverage these insights for better property assessments and... Read more
Student-to-teacher ratio in Breathitt County, Kentucky over the last 10 years
Breathitt County, Kentucky has seen significant fluctuations in its student-to-teacher ratios over the past decade, with figures ranging from as low as 12 students per teacher in 2016 to a peak of 17 in 2019. Through most recent year, the ratio stands at 14, aligning closely with the national average. A lower student-to-teacher ratio is often associated with higher quality of education, as it can indicate more individualized attention for students. These changes matter to anyone looking to invest, move, or evaluate properties in Breathitt County, as education quality impacts property values, community satisfaction, and long-term economic growth. For real estate agents, appraisers, and insurance agents, understanding these trends can provide additional context for property assessments and marketability.
