Carroll County Real Estate and Livability Trends
Carroll County, Kentucky has seen a notable rise in average taxable income, climbing to $56,500.43 in 2021 from $43,690.76 in 2013, suggesting economic growth. Median home values also rose from $99,200 in 2015 to $128,100 in 2022, staying below state and national averages, indicating potential affordability. The student-to-teacher ratio has fluctuated, which could affect perceptions of local... Read more
Carroll County Market Trends
Carroll County, Kentucky’s median home values rose from $99,200 in 2015 to $128,100 in 2022, staying below the state and national averages, which might suggest better affordability relative to broader markets. Notable fluctuations in residential energy tax credits may reflect inconsistent homeowner investment in energy-efficient improvements. Real estate taxes showed a significant spike from... Read more
Median Value of Occupied Housing Units in Carroll County, Kentucky Over the Last 8 Years
Carroll County, Kentucky has seen its median home values rise from $99,200 in 2015 to $128,100 in 2022. While this represents significant growth, it's still below both the state average of $177,000 and the national average of $179,400 in 2022. This localized trend might suggest better affordability in Carroll County relative to broader markets, presenting potential opportunities for those looking to invest or build property in the area.
Residential Energy Tax Credit Per Tax Return in Carroll County, KY Over the Last 7 Years
Carroll County, Kentucky has seen notable fluctuations in the average residential energy tax credit per tax return over the last seven years. Peaks occurred in 2015 and 2021, with averages of $466.67 and $450.00 respectively, while 2014 saw a significant dip to $200.00. This trend may indicate varying homeowner investment and incentives in energy-efficient improvements, potentially reflecting economic conditions or changes in energy policies. Average figures like $333.33 in 2020 and $275.00 in 2013 suggest a moderate but inconsistent commitment to energy efficiency among residents, which could be an important consideration for investors and real estate professionals evaluating the property market dynamics in this region.
Average Real Estate Taxes Per Tax Return in Carroll County, KY Over the Last 10 Years
Carroll County, Kentucky has experienced noticeable fluctuations in average real estate taxes per tax return over the past decade. Starting from $1,397.78 in 2012, there seems to be a gradual but modest increase up to $1,569.62 in 2017. A significant spike is observed in 2018 with real estate taxes hitting $2,000.00, peaking at $2,191.67 in 2019. This upward trend slightly adjusted to $2,066.67 in 2020 and $1,941.67 by 2021. The notable increase, particularly from 2018 to 2019, potentially signals shifts in property valuations, local economic factors, or changes in tax legislation, making it crucial for investors, homeowners, and other stakeholders to stay informed on these taxation patterns.
Percentage of Farm Returns in Carroll County, KY Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Carroll County, Kentucky reveals a slight downward trend from 6.32% in 2012 to 5.34% in 2021, with some fluctuations along the way. Farm tax returns typically indicate a segment of the population actively involved in agricultural production, making this data useful for those interested in the local economy's agriculture sector. These figures could suggest evolving economic conditions, perhaps a shift away from farming or changes in land use, and might be informative for potential investors, property developers, or residents considering a move to this area.
Number of Mortgages by Occupancy Type in Carroll County, KY Over the Last 5 Years in Carroll County
Carroll County, Kentucky has shown varied trends in mortgage activity by occupancy type over the past five years, with Principal Residences consistently leading the way in volume. Investment Property mortgages appear to be decreasing slightly, suggesting a potential cooling in the local rental or speculative market. The slow but steady increments in Second Residence mortgages could indicate a growing interest in the area as a secondary home destination, though it's less pronounced than Principal or Investment properties. Such shifts in mortgage distribution are crucial for investors, appraisers, real estate agents, and insurance agents as they reflect broader economic and lifestyle trends that impact property values, insurance costs, and overall market dynamics.
Economic Outlook
Over the past nine years, Carroll County, Kentucky has seen average taxable income per tax return rise to $56,500.43 in 2021 from $43,690.76 in 2013, suggesting possible economic growth and higher earning potential for residents. This trend is crucial for investors, real estate agents, and developers as it could indicate a lucrative property investment environment. Additionally, the consistent rise in average state and local income taxes from $5,454.94 in 2012 to $7,516.67 by 2021 points to a... Read more
Average Taxable Income per Tax Return in Carroll County, KY over the last 9 years
Over the past nine years, Carroll County, Kentucky has seen a clear upward trend in average taxable income per tax return, reaching $56,500.43 in 2021. This steady increase, from $43,690.76 in 2013, may suggest a growing economy and higher earning potential for residents. Crucial for investors, real estate agents, property developers, and anyone interested in the area's economic health, these figures potentially indicate a lucrative environment for property investments and real estate development, as well as implications for property valuations and insurance assessments.
Average State and Local Income Taxes Per Tax Return in Carroll County, KY Over the Last 10 Years
Over the last decade, Carroll County, Kentucky has seen a consistent increase in average state and local income taxes per tax return, starting at $5,454.94 in 2012 and reaching $7,516.67 by 2021. Such rising tax trends suggest a possibly growing economy which could appeal to investors and potential residents looking for a stable financial environment despite the higher tax burden. This progressive financial growth indicates robustness in local infrastructure and service investments, making Carroll County an attractive location for building property or relocating.
Average Total Tax Liability Per Tax Return in Carroll County, KY Over the Last 10 Years
Over the past decade, Carroll County, Kentucky has seen a noticeable increase in the average total tax liability per tax return, growing from approximately $5,336.39 in 2012 to $7,191.62 in 2021. This upward trend could be vital for those considering investing or moving to the area, as it suggests a rise in income levels and potential economic growth. However, prospective residents should be prepared for potentially higher tax bills as a result.
Cost of Living in Carroll County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,055 | $1,303 | $1,714 | $1,056 | $1,043 |
| 1 adult 4 children | $1,055 | $1,064 | $1,310 | $1,056 | $1,081 |
| 2 adults 3 children | $1,055 | $1,064 | $1,488 | $1,056 | $854 |
| 1 adult 3 children | $1,055 | $869 | $1,084 | $1,056 | $858 |
| 2 adults 2 children | $742 | $871 | $1,261 | $916 | $728 |
| 1 adult 2 children | $742 | $651 | $857 | $916 | $629 |
| 2 adults 1 child | $742 | $689 | $1,034 | $461 | $691 |
| 1 adult 1 child | $742 | $445 | $630 | $461 | $574 |
| 2 adults | $657 | $553 | $808 | $0 | $627 |
| 1 adult | $538 | $302 | $404 | $0 | $511 |
Safety trends & Data
Carroll County, Kentucky's property crime trends over the past five years show notable fluctuations that could influence real estate investments. Burglary spiked at 9.0 incidents in 2019 but dropped significantly to 1.0 by 2021, while larceny-theft saw peaks at 13.0 in 2019 and 9.0 in 2022, affecting insurance needs. Motor vehicle thefts stayed consistently low, not exceeding 4.0 annually. Interestingly, vandalism incidents rose to 10.0 in 2021, indicating varying levels of risk and opportunity... Read more
Property Crime Trends in Carroll County, KY Over the Last 5 Years
Carroll County, Kentucky has seen fluctuations in property crime over the last five years, impacting potential investors, builders, and residents. Burglary counts spiked in 2019 at 9.0 but dropped to a low of 1.0 in 2021. Larceny-theft also saw peaks in 2019 and 2022 at 13.0 and 9.0 respectively, influencing insurance considerations. Meanwhile, motor vehicle thefts remained relatively low, never surpassing 4.0 annually. Notably, vandalism incidents escalated to 10.0 in 2021. These data points suggest varying risks and opportunities within the county, essential for real estate and financial assessments.
Demographics
Carroll County, Kentucky presents an almost balanced adult population in terms of gender, with a slight male majority. Educational attainment is skewed towards high school graduates and those with some college education, while fewer residents hold advanced degrees, reflecting potential areas for investment in higher education opportunities. The age distribution suggests a significant young population under 10 years, indicating a potential need for investment in youth services and education. The... Read more
Race Distribution in Carroll County, Kentucky (2022)
Educational Attainment in Carroll County, Kentucky (2022)
Age Distribution in Carroll County, Kentucky
Citizen Population in Carroll County, Kentucky (2022)
Political Trends & Data
Carroll County, Kentucky, tends to lean significantly conservative based on the 2020 U.S. Presidential Election results, where Republican candidates reportedly secured about 71% of the vote. Democrats, meanwhile, attracted roughly 27%, with minor parties barely making a dent. This overwhelming tilt might potentially influence local real estate market dynamics, especially if community values and political leanings are a factor for... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Carroll County, Kentucky, the 2020 U.S. Presidential Election results indicated a strong preference for Republican candidates, who garnered around 71% of the vote. In contrast, Democrats received approximately 27%, while Libertarians and other parties attracted only a small fraction of the electorate. These figures possibly suggest a significantly conservative leaning within the county's voter base.
71.44% of voters voted for the Republican party in the 2020 Presidential Election
26.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.06% of voters voted for the Livertarian party in the 2020 Presidential Election
0.51% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Carroll County, Kentucky, the student-to-teacher ratio has experienced some fluctuations, from about fifteen students per teacher in 2014, peaking near sixteen in 2017, then dropping to around thirteen in 2018 and 2019, before stabilizing at approximately fifteen by 2023. This could hint at changes in budget allocations, population dynamics, or educational policy shifts. For potential homeowners, investors, and real estate agents, these trends may offer insights into classroom sizes and the... Read more
Student-to-teacher ratio in Carroll County, Kentucky over the last 10 years
The student-to-teacher ratio in Carroll County, Kentucky has shown a bit of fluctuation over the past decade, starting at approximately fifteen students per teacher in 2014, peaking at nearly sixteen in 2017, and then dipping to a low of around thirteen in 2018 and 2019. Although the ratio has risen again to hover around fifteen by 2023, it remains close to the U.S. national average of fourteen. This variation could imply shifts in budget allocations, population changes, or educational policy adjustments in the county. For stakeholders like investors, real estate agents, and those considering a move, understanding these trends can provide insight into classroom size and potentially the quality of education offered locally. Appraisers and insurance agents might find this relevant as it could impact property values and risk assessments in the area.
