Breckinridge County Real Estate and Livability Trends
In Breckinridge County, Kentucky, rising average taxable incomes from $42,115 in 2013 to $53,931 in 2021 highlight potential economic growth, which could drive higher property values and lucrative investment opportunities. Median home values have increased from $88,000 in 2015 to $124,800 in 2022, signifying a robust real estate market yet still remaining affordable compared to broader averages.... Read more
Breckinridge County Market Trends
Median home values in Breckinridge County, Kentucky have climbed from $88,000 in 2015 to $124,800 in 2022, still well below state and national averages. The average residential energy tax credit per tax return surged from $288.24 in 2013 to $860.00 in 2021, suggesting greater adoption of energy-efficient improvements. Real estate taxes have also risen, notably spiking from approximately $1,525.76... Read more
Median Value of Occupied Housing Units in Breckinridge County, Kentucky Over the Last 8 Years
Median home values in Breckinridge County, Kentucky have shown a steady climb over the past 8 years, from $88,000 in 2015 to $124,800 in 2022. Despite this upward trend, the median home value in Breckinridge County still lags behind both Kentucky's state average of $177,000 and the national average of $179,400 as of 2022. This relatively lower housing cost could be attractive for prospective homebuyers looking for affordability while potentially anticipating value growth, making Breckinridge County a compelling option for investment or relocation.
Residential Energy Tax Credit Per Tax Return in Breckinridge County, KY Over the Last 8 Years
Over the past eight years, the average residential energy tax credit per tax return in Breckinridge County, Kentucky, has shown a significant upward trend. Starting at $288.24 in 2013, it saw fluctuations but generally increased, peaking at $860.00 in 2021. The most notable jumps occurred between 2016 to 2017 and 2019 to 2020, suggesting heightened adoption of energy-efficient home improvements or favorable state incentive programs during these periods. This upward trend could be an attractive signal for investors, property developers, and real estate agents, indicating a growing interest in energy efficiency within the county, which has implications for market demand and property valuations.
Average Real Estate Taxes Per Tax Return in Breckinridge County, KY Over the Last 10 Years
Average real estate taxes per tax return in Breckinridge County, Kentucky have generally trended upwards over the last decade, with a notable spike occurring around 2018 when figures jumped from approximately $1,525.76 in 2017 to $2,142.86. This trend hints at rising property valuations or increased tax rates, valuable insights for potential investors, real estate agents, and property builders weighing the financial landscape. For appraisers and insurance agents, this pattern could indicate shifting economic factors influencing property assessments and insurance premiums.
Percentage of Farm Returns in Breckinridge County, KY Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Breckinridge County, Kentucky, has generally trended downward, starting from approximately 17.01% in 2012 and decreasing to around 13.84% by 2021, with a slight uptick in the last year. Farm tax returns indicate how much of the county’s tax revenue comes from agricultural activities and can serve as a barometer for the health of the farming sector in the area. This declining trend might be associated with a myriad of factors such as changes in farming profitability, shifts in land use, or broader economic conditions, which are essential considerations for potential investors, developers, and prospective residents looking to understand the local economy and land use patterns.
Number of Mortgages by Occupancy Type in Breckinridge County, KY Over the Last 5 Years in Breckinridge County
Over the last five years in Breckinridge County, Kentucky, the number of mortgages for principal residences has shown significant volatility, peaking at 941 in 2021 and dipping to 566 in 2018. Second residences saw a notable increase from 51 in 2018 to 116 in 2021, indicating a rising interest in vacation or secondary homes. Investment property mortgage counts have remained relatively stable, with slight fluctuations around the mid-30s mark annually. Understanding these trends is valuable for investors and developers, as shifts in mortgage types can reflect changing economic conditions and consumer preferences. For real estate agents and appraisers, these insights are crucial for pricing strategies and market positioning, while insurance agents might reconsider risk assessments related to these property types.
Economic Outlook
In Breckinridge County, Kentucky, there has been a noticeable increase in average taxable income per tax return from about $42,115 in 2013 to around $53,931 in 2021, signaling potential economic growth and higher earning capacity. This could lead to higher property values and attractive investment opportunities. On the tax front, average state and local income taxes have surged from $4,981.75 in 2012 to $9,314.29 in 2021, highlighting a rising fiscal demand on residents, which should be a key... Read more
Average Taxable Income per Tax Return in Breckinridge County, KY over the last 9 years
Over the past nine years, Breckinridge County, Kentucky has seen a notable increase in average taxable income per tax return, rising from approximately $42,115 in 2013 to around $53,931 in 2021. This consistent upward trend suggests potential economic growth and increased earning capacity in the area, which might be appealing to investors, prospective residents, appraisers, and real estate agents. The data hints at a robust local economy, potentially translating to higher property values and favorable investment opportunities.
Average State and Local Income Taxes Per Tax Return in Breckinridge County, KY Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Breckinridge County, Kentucky have seen significant growth, jumping from $4,981.75 in 2012 to $9,314.29 in 2021. This upward trend, particularly sharp after 2016, suggests a rising fiscal demand on residents, which potential homeowners and investors should carefully consider when assessing affordability and financial planning.
Average Total Tax Liability Per Tax Return in Breckinridge County, KY Over the Last 10 Years
Over the past decade, Breckinridge County, Kentucky has seen some fluctuation in its average total tax liability per tax return, with a general upward trend in recent years. Starting at $5,501.27 in 2012, it dipped slightly and saw peaks and valleys but ultimately rose to $7,185.87 by 2021. This suggests a potentially increasing financial burden on residents, possibly driven by changes in income or tax policy, and could be a significant consideration for potential investors or new residents assessing the cost of living in the area.
Cost of Living in Breckinridge County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $952 | $1,343 | $1,714 | $1,012 | $1,067 |
| 1 adult 4 children | $952 | $1,097 | $1,310 | $1,012 | $1,134 |
| 2 adults 3 children | $952 | $1,097 | $1,488 | $1,012 | $886 |
| 1 adult 3 children | $952 | $896 | $1,084 | $1,012 | $898 |
| 2 adults 2 children | $742 | $898 | $1,261 | $878 | $793 |
| 1 adult 2 children | $742 | $671 | $857 | $878 | $679 |
| 2 adults 1 child | $742 | $710 | $1,034 | $442 | $735 |
| 1 adult 1 child | $742 | $459 | $630 | $442 | $611 |
| 2 adults | $646 | $570 | $808 | $0 | $663 |
| 1 adult | $538 | $311 | $404 | $0 | $535 |
Safety trends & Data
Breckinridge County, Kentucky has experienced fluctuating property crime trends over the past five years, with burglary and larceny-theft remaining prevalent issues until 2021. While motor vehicle theft and fraud have shown sporadic increases, 2020 saw a spike in vandalism with 3 cases. Stolen property offenses have remained relatively steady, peaking at 8 incidents in 2018. These trends might suggest a need for enhanced security measures or community policing efforts to better address these... Read more
Property Crime Trends in Breckinridge County, KY Over the Last 5 Years
Breckinridge County, Kentucky has seen a fluctuating yet notable trend in property crime over the past five years, with burglary and larceny-theft consistently being the more prevalent issues until 2021 when the numbers began to decline. Motor vehicle theft and fraud have shown sporadic increases. The year 2020 experienced a spike in vandalism, reaching 3 cases, while stolen property offenses have remained relatively steady, peaking at 8 incidents in 2018. These trends could suggest a need for improved security measures or community policing efforts to address the persistent but variable nature of property crimes.
Demographics
Breckinridge County, Kentucky has a balanced gender distribution among adults, with nearly equal numbers of males and females. Educational attainment varies widely, with a significant portion having completed high school, while fewer have pursued higher education. The age distribution suggests a relatively older population, with a noticeable concentration in the 45 to 64 age range. Demographically, the county is predominantly White, with very few residents identifying as other races, pointing... Read more
Race Distribution in Breckinridge County, Kentucky (2022)
Educational Attainment in Breckinridge County, Kentucky (2022)
Age Distribution in Breckinridge County, Kentucky
Citizen Population in Breckinridge County, Kentucky (2022)
Political Trends & Data
Breckinridge County, Kentucky displayed a strong Republican preference in the 2020 U.S. Presidential Election, with about 75.5% of the votes going to the GOP. The Democratic Party secured roughly 23%, showing a notable gap between the two major parties. Minor parties like the Libertarians received just over 1%. This trend of political alignment could hint at deeply rooted political inclinations in the area, likely impacting future candidates' campaign strategies and policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Breckinridge County, Kentucky, in the 2020 U.S. Presidential Election saw a decisive Republican lean, with approximately 75.5% of the votes going to the GOP. The Democratic Party garnered around 23%, suggesting a significant gap between the two major parties. Libertarians and other minor parties barely made a mark, collectively amassing slightly over 1%. This voting pattern potentially highlights the deeply entrenched political preferences in the area, which could influence future campaigns and policy decisions.
75.52% of voters voted for the Republican party in the 2020 Presidential Election
23.05% of voters voted for the Democrat party in the 2020 Presidential Election
1.01% of voters voted for the Livertarian party in the 2020 Presidential Election
0.42% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Breckinridge County, Kentucky, has generally reported student-to-teacher ratios slightly above the national average of 14. Starting at 17 in 2014, the ratio dipped to around 15 by 2023. This higher ratio suggests more crowded classrooms, impacting the quality of education and individualized attention. Investors and relocators might see potential growth opportunities in educational services or a need for investment in education infrastructure. Real estate professionals... Read more
Student-to-teacher ratio in Breckinridge County, Kentucky over the last 10 years
Over the past decade, Breckinridge County, Kentucky has typically reported student-to-teacher ratios slightly higher than the national average of 14 students per teacher. Starting at 17 in 2014, the ratio saw a general downward trend with small fluctuations, dipping to around 15 by 2023. This higher ratio implies that classrooms in the county tend to be more crowded, which can influence the quality of education and individualized attention students receive. For investors and those considering relocation, these ratios might suggest either potential growth opportunities in educational services or a need for advocacy and investment in education infrastructure. Real estate agents, appraisers, and insurance agents could view these figures as indicators of community priorities and future development trends.
