Bullitt County Real Estate and Livability Trends
Bullitt County, Kentucky, is experiencing notable real estate trends, with median home values soaring from $144,700 in 2015 to $214,000 in 2022, outstripping both state and national averages. Average real estate taxes have more than doubled over the past decade, possibly reflecting broader economic shifts and policy changes. Meanwhile, the area sees fluctuating poverty rates and a conservative... Read more
Bullitt County Market Trends
Bullitt County, Kentucky, has experienced an impressive rise in median home values, jumping from $144,700 in 2015 to $214,000 in 2022, outpacing state and national trends. Residential energy tax credits per tax return also saw significant fluctuations, peaking at $1,314.29 in 2018, highlighting increased homeowner investment in energy-efficient solutions. Average real estate taxes have more than... Read more
Median Value of Occupied Housing Units in Bullitt County, Kentucky Over the Last 8 Years
Bullitt County, Kentucky has seen a surge in median home values over the past eight years, jumping from $144,700 in 2015 to $214,000 in 2022. This increase is more pronounced compared to state and national trends, with Kentucky’s median home value rising from $123,200 to $177,000 and the national figure climbing from $125,500 to $179,400 in the same period. For investors and prospective homeowners, this suggests Bullitt County could offer promising returns and a relatively competitive market environment.
Residential Energy Tax Credit Per Tax Return in Bullitt County, KY Over the Last 9 Years
Bullitt County, Kentucky has seen notable fluctuations in residential energy tax credits per tax return over the past nine years, peaking dramatically in 2018 with an average credit of $1,314.29. This spike likely reflects a significant uptake in energy-efficient home improvements or installations. Values generally trended upwards from $298.98 in 2013 to $827.27 in 2021, suggesting increasing homeowner investment in energy-efficient solutions. This trend might intrigue investors, real estate agents, and homeowners interested in the long-term financial and environmental benefits of energy-efficient properties.
Average Real Estate Taxes Per Tax Return in Bullitt County, KY Over the Last 10 Years
Bullitt County, Kentucky has seen a steady increase in average real estate taxes per tax return over the last decade, rising from approximately $1,935.28 in 2012 to around $3,510.94 in 2021. This upward trend, particularly the notable jumps in recent years, may reflect broader economic conditions, increased property values, local government fiscal policies, or a combination of these factors. For investors, potential homeowners, and real estate professionals, understanding these tax trends could be crucial in making informed decisions about property investments and projections in the area.
Percentage of Farm Returns in Bullitt County, KY Over the Last 10 Years
Over the past decade, farm tax returns in Bullitt County, Kentucky, have shown a gradual decline from approximately 1.70% in 2012 to about 1.14% in 2021. Farm tax returns represent the percentage of tax filings identifying agricultural income, which can indicate trends in the local farming economy. This steady decrease might suggest a reduction in farming activities or a demographic shift, potentially making the area less attractive for investments in agriculture but possibly more appealing for residential developments or other commercial ventures. Understanding these trends can help prospective investors and residents gauge the economic landscape and identify opportunities within Bullitt County.
Number of Mortgages by Occupancy Type in Bullitt County, KY Over the Last 5 Years in Bullitt County
Trends in Bullitt County, Kentucky's mortgage data over the past five years indicate a significant variance in the number of mortgages based on occupancy type. Principal residences have seen a notable fluctuation, with numbers peaking around 2021 and then dipping substantially in 2022, suggesting a possible cooling off of the housing market or changes in financial conditions affecting homebuyers. Investment properties and second residences have remained relatively stable with minor fluctuations, reflecting perhaps a steady interest in rental and vacation properties. For investors, this stabilization in investment properties might signal a less volatile market while builders and real estate agents might need to account for the shifted dynamics in principal residence mortgages. Understanding these trends provides essential context for appraisers and insurance agents to assess property value shifts and associated risks.
Economic Outlook
Bullitt County, Kentucky has experienced a significant rise in average taxable income per tax return, surging from $48,178 in 2013 to $65,817 in 2021, likely signaling a robust local economy. Alongside this, average state and local income taxes per tax return have also climbed from $5,308.22 in 2012 to $7,989.18 by 2021, suggesting a growing tax base and rising incomes. Meanwhile, the average total tax liability per tax return increased from $5,733.05 in 2012 to $8,465.44 in 2021, with notable... Read more
Average Taxable Income per Tax Return in Bullitt County, KY over the last 9 years
Over the past nine years, Bullitt County, Kentucky has seen a noticeable upward trend in the average taxable income per tax return, rising from around $48,178 in 2013 to approximately $65,817 in 2021. This steady increase may suggest a growing local economy and potentially higher living standards, which could be attractive to investors, real estate agents, and those considering moving to the area. For appraisers and insurance agents, the rising incomes might indicate increased property values and insurance needs, driving more business opportunities.
Average State and Local Income Taxes Per Tax Return in Bullitt County, KY Over the Last 10 Years
Bullitt County, Kentucky has seen a notable upward trend in average state and local income taxes per tax return over the last decade. Starting around $5,308.22 in 2012, the figure has gradually climbed to $7,989.18 by 2021. This increase is significant for those considering investment or relocation, as it suggests a growing tax base, possibly reflecting economic growth and rising incomes. Such trends can influence property values and local services, making Bullitt County a potentially appealing area for developers and new residents alike.
Average Total Tax Liability Per Tax Return in Bullitt County, KY Over the Last 10 Years
Over the past decade, Bullitt County, Kentucky has seen a general upward trend in average total tax liability per tax return. This liability increased from around $5,733.05 in 2012 to roughly $8,465.44 in 2021. Notable jumps occurred in 2015 and 2019, possibly reflecting economic growth or shifts in tax policy. For investors or prospective residents, this trend might suggest increasing incomes or rising costs of living, both critical factors when considering the area's economic health and long-term viability for investment.
Cost of Living in Bullitt County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,305 | $1,315 | $1,751 | $1,218 | $1,327 |
| 1 adult 4 children | $1,305 | $1,074 | $1,338 | $1,218 | $1,404 |
| 2 adults 3 children | $1,305 | $1,074 | $1,520 | $1,218 | $1,086 |
| 1 adult 3 children | $1,305 | $877 | $1,107 | $1,218 | $1,172 |
| 2 adults 2 children | $984 | $879 | $1,289 | $1,072 | $932 |
| 1 adult 2 children | $984 | $657 | $876 | $1,072 | $887 |
| 2 adults 1 child | $984 | $695 | $1,058 | $598 | $882 |
| 1 adult 1 child | $984 | $449 | $645 | $598 | $756 |
| 2 adults | $819 | $558 | $827 | $0 | $744 |
| 1 adult | $726 | $305 | $414 | $0 | $601 |
Safety trends & Data
Property crime in Bullitt County, Kentucky, has experienced some notable shifts over the past five years, particularly in Larceny-Theft incidents which increased from 26.0 in 2018 to 47.0 in 2022. Burglary rates have been more stable, peaking in 2020 with 23.0 incidents but then dropping to 13.0 by 2022. Motor vehicle thefts are also on the rise, moving from 8.0 in 2018 to around 14.0 by 2022. These trends could be important for residents, investors, property developers, and insurers when... Read more
Property Crime Trends in Bullitt County, KY Over the Last 5 Years
Property crime in Bullitt County, Kentucky, showcases a complex landscape over the past five years, with noticeable fluctuation across different crime categories. Larceny-Theft incidents saw a notable increase from 26.0 in 2018 to 47.0 in 2022, signaling potential areas of concern for both residents and investors. Burglary rates appear relatively stable, peaking slightly in 2020 with 23.0 incidents but dropping to 13.0 by 2022. Noteworthy is the surge in motor vehicle theft, escalating from 8.0 in 2018 to 14.0 by 2021 and maintaining close levels in 2022. Meanwhile, cases of vandalism and fraud show inconsistent trends, which may indicate variable external influences affecting these crimes. Investors, property developers, and insurers might find these shifts integral for future planning and risk assessments.
Demographics
Bullitt County, Kentucky has a fairly balanced adult gender distribution with slightly more females than males. The county's educational attainment is heavily skewed towards high school graduates, with a significant portion holding only a high school diploma or some college experience. The overall age distribution is relatively evenly spread across working-age groups, but there is a noticeable drop-off in populations over 65 years. In terms of racial makeup, the county is predominantly White,... Read more
Race Distribution in Bullitt County, Kentucky (2022)
Educational Attainment in Bullitt County, Kentucky (2022)
Age Distribution in Bullitt County, Kentucky
Citizen Population in Bullitt County, Kentucky (2022)
Political Trends & Data
Bullitt County, Kentucky, exhibited a strong conservative leaning in the 2020 U.S. Presidential Election, with approximately 73% of the vote going to the Republican candidate. The Democratic candidate captured about 25% of the votes, while minor parties like the Libertarians and the Green Party had minimal impact, collectively securing just over 1% of the vote. This voting pattern could hint at a predominantly conservative community, potentially influencing local governance and policy decisions... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Bullitt County, Kentucky, the 2020 U.S. Presidential Election saw a dominant Republican preference, with nearly 73% of votes. The Democratic vote share was considerably lower, hovering around 25%. Minor parties like Libertarians barely made a mark, gathering just over 1%, while the Green Party didn't register any votes. Other parties combined captured a negligible portion, roughly 0.3%. This voting pattern might suggest a strong conservative inclination within the county.
73.18% of voters voted for the Republican party in the 2020 Presidential Election
25.14% of voters voted for the Democrat party in the 2020 Presidential Election
1.34% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bullitt County, Kentucky's student-to-teacher ratio has fluctuated, stabilizing closer to the national average of 14 students per teacher. In 2022, it dropped to approximately 15, indicating more individualized attention in schools. This suggests an improving education environment, potentially increasing the area's appeal to families and reflecting community growth or changes in school capacity, which could impact property evaluations and insurance rates. Smaller class sizes might correlate... Read more
Student-to-teacher ratio in Bullitt County, Kentucky over the last 10 years
Bullitt County, Kentucky has seen fluctuations in its student-to-teacher ratio over the past decade, peaking at around 17 students per teacher in the early years and recently stabilizing closer to the national average of 14. In 2022, the ratio dropped to approximately 15 students per teacher, suggesting more individualized attention compared to previous years. Investors and real estate agents may find this indicative of an improving education environment, potentially enhancing the area's appeal to families. For appraisers and insurance agents, these trends could reflect community growth or changes in school capacity, impacting property evaluations and insurance rates. Those looking to build property or move to Bullitt County might consider the educational supports in place, as smaller class sizes often correlate with better academic performance and community satisfaction.
