Calloway County Real Estate and Livability Trends
Calloway County, Kentucky, has seen a significant uptick in average taxable income per tax return from $45,104.06 in 2013 to $60,816.79 in 2021, indicating economic growth and stability. Median home values rose from $119,900 in 2015 to $169,100 in 2022, remaining more affordable than both national and state medians. While the county's student-to-teacher ratio increased to over 20:1 by 2023,... Read more
Calloway County Market Trends
Median home values in Calloway County, Kentucky have rise from $119,900 in 2015 to $169,100 in 2022, remaining more affordable than both national and state medians. Average residential energy tax credits have seen significant variability, suggesting inconsistent incentives for energy-efficient upgrades. Real estate taxes have nearly doubled over the past decade, with an average peak of $3,021.31... Read more
Median Value of Occupied Housing Units in Calloway County, Kentucky Over the Last 8 Years
Median home values in Calloway County, Kentucky have shown a steady increase over the last eight years, rising from $119,900 in 2015 to $169,100 in 2022. Although these values have grown significantly, they remain below both the national median of $179,400 and the Kentucky state median of $177,000 for 2022. This could imply that Calloway County may offer more affordable housing options compared to broader markets, potentially attracting investors and homebuyers looking for cost-effective property, while still experiencing value appreciation.
Residential Energy Tax Credit Per Tax Return in Calloway County, KY Over the Last 8 Years
Over the past eight years, Calloway County, Kentucky, has seen significant fluctuations in the average residential energy tax credit per tax return. The credit peaked at $670.97 in 2013, but saw a sharp decline in subsequent years, hitting a low of $237.50 in 2017. Although it rebounded slightly to $580.00 in 2016 and more recently to $483.33 in 2020, the overall trend suggests inconsistent incentives for energy-efficient improvements. This pattern might matter to real estate agents, appraisers, and investors who are gauging the long-term viability and attractiveness of energy efficiency investments in the area.
Average Real Estate Taxes Per Tax Return in Calloway County, KY Over the Last 10 Years
Real estate taxes in Calloway County, Kentucky, show a marked upward trend over the past decade. The average taxes per tax return started at $1,650.80 in 2012 and saw a steady rise, peaking at $3,021.31 in 2020 before slightly dipping to $2,993.10 in 2021. This escalation could be indicative of increasing property values or changes in tax rates, potentially impacting investor decisions, insurance assessments, and real estate market dynamics in the county.
Percentage of Farm Returns in Calloway County, KY Over the Last 10 Years
Farm tax returns in Calloway County, Kentucky have mostly hovered around the 4% mark over the last decade, showing slight fluctuations with a peak of 4.52% in 2013 and a dip to 3.69% in 2020. These returns reflect varying yet relatively stable engagement in agricultural activities, which may suggest consistent but moderate growth in the farming sector. For those looking to invest, move to, build property in, or understand the economic landscape of Calloway County, these figures might hint at a stable yet modest agricultural economy that could offer reliable opportunities, albeit without significant volatility or rapid growth.
Number of Mortgages by Occupancy Type in Calloway County, KY Over the Last 5 Years in Calloway County
Over the past five years in Calloway County, Kentucky, there has been a notable predominance of mortgages for principal residences, spiking in 2021 with 1,396 counts before decreasing to 1,054 in 2022. Investment properties and second residences, although significantly lower in mortgage counts, also exhibit slight fluctuations. These shifts in occupancy type could suggest varying levels of confidence in long-term residency versus investment opportunities, influencing market dynamics for potential buyers, investors, and industry professionals. For instance, a rising trend in principal residence mortgages may highlight stable local economic conditions, whereas varying investment property counts could indicate shifting investor sentiment about the area's growth potential.
Economic Outlook
Calloway County, Kentucky, has experienced a significant increase in average taxable income per tax return from $45,104.06 in 2013 to $60,816.79 in 2021, suggesting economic growth and stability. Meanwhile, average state and local income taxes have more than doubled over the past decade, hitting $12,566.67 in 2021, which might be a consideration for long-term investments. The average total tax liability per tax return has also shown notable fluctuations, peaking at $9,813.98 in 2021, possibly... Read more
Average Taxable Income per Tax Return in Calloway County, KY over the last 9 years
Over the past nine years, Calloway County, Kentucky, has seen a notable increase in average taxable income per tax return, rising from $45,104.06 in 2013 to $60,816.79 in 2021. This upward trend, with occasional fluctuations, suggests potential economic growth and stability, making the county an interesting prospect for investors, real estate agents, and those considering relocation. The rising income levels may also imply a higher standard of living and potentially reflect an improving job market, which can be a crucial factor for prospective homeowners and businesses looking to establish themselves in the area.
Average State and Local Income Taxes Per Tax Return in Calloway County, KY Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Calloway County, Kentucky saw a consistent rise, jumping from $5,439.01 in 2012 to an impressive $12,566.67 in 2021. This steep increase, particularly noticeable from 2017 onward, highlights a growing fiscal burden that potential investors and new residents should consider when planning long-term financial commitments in the area. This trend could impact everything from disposable income to overall economic activity, shaping the county's attractiveness and livability.
Average Total Tax Liability Per Tax Return in Calloway County, KY Over the Last 10 Years
Over the past decade, Calloway County, Kentucky, has seen notable fluctuations in average total tax liability per tax return, ranging from a low of $6,756.32 in 2013 to a high of $9,813.98 in 2021. This variability may reflect economic shifts in the area, impacting those considering investments or property development. The significant rise in recent years could indicate broader economic growth or policy changes, which might be attractive to potential investors and residents alike.
Cost of Living in Calloway County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,122 | $1,335 | $1,746 | $1,019 | $1,089 |
| 1 adult 4 children | $1,122 | $1,090 | $1,335 | $1,019 | $1,156 |
| 2 adults 3 children | $1,122 | $1,091 | $1,515 | $1,019 | $905 |
| 1 adult 3 children | $1,122 | $890 | $1,104 | $1,019 | $899 |
| 2 adults 2 children | $922 | $893 | $1,284 | $897 | $804 |
| 1 adult 2 children | $922 | $667 | $873 | $897 | $718 |
| 2 adults 1 child | $922 | $706 | $1,053 | $500 | $778 |
| 1 adult 1 child | $922 | $456 | $642 | $500 | $656 |
| 2 adults | $700 | $567 | $822 | $0 | $652 |
| 1 adult | $695 | $309 | $411 | $0 | $568 |
Safety trends & Data
Recent trends in Calloway County, Kentucky, suggest property crime fluctuations over the past five years. Burglary incidents have largely decreased from a peak of 25 in 2021 to 11 in 2022, and larceny-theft dropped notably from 52 in 2018 to just 15 in 2022. Vandalism and motor vehicle theft numbers have remained relatively stable, with a slight uptick in vandalism to 9 cases in 2022. These shifting crime stats could influence real estate agents and investors in evaluating the area's evolving... Read more
Property Crime Trends in Calloway County, KY Over the Last 5 Years
Recent trends in Calloway County, Kentucky, suggest fluctuations in property crime over the past five years. Burglary incidents have largely decreased, from a peak of 25 in 2021 down to 11 in 2022. Similarly, larceny-theft saw a significant drop from 52 in 2018 to just 15 in 2022. Vandalism and motor vehicle theft numbers have remained relatively stable, with a slight uptick in vandalism to 9 cases in 2022. These shifting crime statistics could be important for real estate agents and potential investors in assessing the area's evolving risk profile and property values.
Demographics
Calloway County, Kentucky shows a slight female majority in its adult population, with females accounting for around 51.8% of the total. The educational attainment suggests a considerable focus on high school education, but fewer individuals advance to higher degrees, with almost half stopping at a high school diploma or some college experience. Age distribution reveals a relatively balanced population spread, though there's a noticeable bulge in the younger 20-24 age group, possibly influenced... Read more
Race Distribution in Calloway County, Kentucky (2022)
Educational Attainment in Calloway County, Kentucky (2022)
Age Distribution in Calloway County, Kentucky
Citizen Population in Calloway County, Kentucky (2022)
Political Trends & Data
Calloway County, Kentucky shows a strong conservative base, potentially influencing various local decisions and policies. In the 2020 U.S. Presidential Election, approximately 65% of votes went to Republicans, around 33% to Democrats, and just over 1% to Libertarians. Minimal support for the Green party and other options was observed. This political landscape may shape the area's cultural and economic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Calloway County, Kentucky, the 2020 U.S. Presidential Election saw a significant leaning towards the Republican party, with approximately 65% of the vote. Democrats garnered around 33%, while Libertarians secured just over 1%. Votes for other parties were minimal, with negligible support for the Green party and a small fraction for other options. This potentially highlights a strong conservative base in the county.
65.07% of voters voted for the Republican party in the 2020 Presidential Election
33.22% of voters voted for the Democrat party in the 2020 Presidential Election
1.30% of voters voted for the Livertarian party in the 2020 Presidential Election
0.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
Calloway County, Kentucky, has seen notable fluctuations in student-to-teacher ratios, starting at 16:1 in 2014, dipping to 14:1 in 2018, and then spiking to over 20:1 by 2023. This trend towards larger classroom sizes could signal challenges in educational quality, which might concern prospective residents and investors. Given the county's recent ratios surpassing the national average of 14:1, real estate stakeholders should consider these dynamics when assessing property values and community... Read more
Student-to-teacher ratio in Calloway County, Kentucky over the last 10 years
Over the past decade, the student-to-teacher ratio in Calloway County, Kentucky, has fluctuated significantly, starting at around 16 students per teacher in 2014, dipping to 14 in 2018, and sharply rising to over 20 by 2023. This trend suggests an increasing classroom size, which may impact educational quality and individual student attention. Compared to the national average of 14 students per teacher, Calloway County's recent ratios could be a point of concern for prospective residents and investors prioritizing educational quality. For real estate agents, appraisers, insurance agents, and those involved in property development, understanding these educational dynamics can be crucial in assessing property values and community attractiveness.
