Carter County Real Estate and Livability Trends
Carter County, Kentucky has seen a noticeable boost in average taxable income per tax return, up from $40,215.36 in 2013 to $50,450.58 by 2021, suggesting an enhanced economic landscape that could be appealing to investors. Median home values surged from $77,100 in 2015 to $122,300 in 2022, outpacing both state and national growth rates, signaling robust demand and an attractive market for... Read more
Carter County Market Trends
Carter County, Kentucky, has experienced a substantial increase in median home values, jumping from $77,100 in 2015 to $122,300 in 2022, outpacing state and national growth rates. This trend implies rising demand and an appealing market for homeowners and investors. Residential energy tax credits showed significant fluctuations, reaching $918.18 in 2021, suggesting a growing interest in... Read more
Median Value of Occupied Housing Units in Carter County, Kentucky Over the Last 8 Years
Carter County, Kentucky has seen a significant upward trend in median home values over the last eight years, leaping from $77,100 in 2015 to $122,300 in 2022. This local growth rate appears to have outpaced both the state and national averages. For instance, Kentucky's median home value increased from $123,200 to $177,000, while the national median rose from $125,500 to $179,400 during the same period. This trend could hint at increasing demand and property appreciation in Carter County, making it an intriguing prospect for potential homeowners and investors looking for emerging markets.
Residential Energy Tax Credit Per Tax Return in Carter County, KY Over the Last 8 Years
Over the past eight years, Carter County, Kentucky, has seen notable fluctuations in the average residential energy tax credit per tax return. Starting at $514.29 in 2013, the tax credit dropped to a low of $390.91 in 2014 but recently increased significantly to $918.18 in 2021. These changes may suggest a growing investment in energy-efficient home modifications and improvements. This trend is likely of particular interest to real estate agents, potential homeowners, and investors focused on sustainable and cost-effective living spaces.
Average Real Estate Taxes Per Tax Return in Carter County, KY Over the Last 10 Years
In Carter County, Kentucky, average real estate taxes per tax return have exhibited a notable upward trend over the past decade. Starting at $949.42 in 2012 and peaking at $2,100.00 by 2019, the data indicates a more than doubling of tax rates, although 2021 saw a slight decrease to $1,881.25. This increase in taxes could reflect rising property values or changes in local tax policies, making it crucial for potential investors, property builders, or current residents to factor these trends into their financial planning and decision-making processes.
Percentage of Farm Returns in Carter County, KY Over the Last 10 Years
Over the last ten years, Carter County, Kentucky has seen a generally stable, yet slightly declining trend in the percentage of farm tax returns, oscillating around 8.0%. The percentage reached its peak at 8.08% in 2017 but dropped to a low of 7.28% in 2020, showing some recovery to 7.50% by 2021. Farm tax returns are specific tax filings by agricultural businesses, and these trends may reflect shifts in the local agricultural economy or changes in farming activities. This could matter for potential investors, property developers, and residents as it could signal the vitality and scope of agricultural operations, hinting at broader economic conditions and opportunities in the area.
Number of Mortgages by Occupancy Type in Carter County, KY Over the Last 5 Years in Carter County
Carter County, Kentucky has seen a notable fluctuation in mortgage counts over the past five years, especially in principal residences which peaked at 1,028 in 2021 before dipping to 843 in 2022. Investment property mortgages remained relatively stable but saw a recent decline, dropping to 64 in 2022 from a high of 78 in 2019. Second residences have shown consistency with minimal changes, generally hovering around the low double digits. Changes in occupancy types can be vital for investors, appraisers, and real estate agents as they reflect economic conditions, property value trends, and community growth dynamics. For example, a surge in principal residence mortgages might indicate an influx of new residents or first-time homebuyers, whereas consistent investment property numbers could imply stable rental market conditions, offering potential opportunities for long-term gains or rental income.
Economic Outlook
Carter County, Kentucky has experienced a noteworthy rise in average taxable income per tax return, climbing from $40,215.36 in 2013 to $50,450.58 by 2021. This steady growth hints at a strengthening local economy, making the area potentially attractive for investors and homebuyers. At the same time, average state and local income taxes have nearly doubled, reaching $9,025.00 in 2021, suggesting higher financial obligations for residents. Total tax liabilities have also risen, increasing from... Read more
Average Taxable Income per Tax Return in Carter County, KY over the last 9 years
Average taxable income per tax return in Carter County, Kentucky has exhibited a steady upward trend over the past nine years. Starting at $40,215.36 in 2013, the figure rose significantly, reaching $50,450.58 by 2021. Year-on-year increases, particularly notable between 2016 and 2019, suggest economic growth and rising average incomes in the area. This trend can be enticing for potential investors, homebuyers, and real estate agents as it indicates a possibly prosperous and stable financial environment.
Average State and Local Income Taxes Per Tax Return in Carter County, KY Over the Last 10 Years
Carter County, Kentucky has seen a significant rise in average state and local income taxes per tax return over the last decade, nearly doubling from $4,776.19 in 2012 to $9,025.00 in 2021. Notably, there was a sharp increase between 2017 and 2019, peaking at $9,250.00 in 2019. This trend suggests a growing financial obligation for residents and may indicate shifts in local and state tax policies or economic conditions. For investors, homebuyers, and residents, understanding these changes is crucial for financial planning and evaluating the economic landscape of Carter County.
Average Total Tax Liability Per Tax Return in Carter County, KY Over the Last 10 Years
Over the past decade, Carter County, Kentucky has exhibited a general upward trend in average total tax liability per tax return, with some fluctuations. Starting at approximately $4,606.34 in 2012, the figure increased to about $6,385.99 by 2021. This trajectory could indicate rising incomes or changes in tax policy impacting residents. For potential investors, property developers, and new residents, these figures suggest a growing economic base. However, the varying rates also highlight the importance of staying informed about yearly tax updates and economic conditions in Carter County.
Cost of Living in Carter County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $993 | $1,444 | $1,649 | $1,128 | $1,111 |
| 1 adult 4 children | $993 | $1,179 | $1,259 | $1,128 | $1,151 |
| 2 adults 3 children | $993 | $1,179 | $1,432 | $1,128 | $897 |
| 1 adult 3 children | $993 | $963 | $1,042 | $1,128 | $912 |
| 2 adults 2 children | $742 | $965 | $1,215 | $986 | $786 |
| 1 adult 2 children | $742 | $721 | $825 | $986 | $692 |
| 2 adults 1 child | $742 | $763 | $998 | $525 | $739 |
| 1 adult 1 child | $742 | $493 | $607 | $525 | $614 |
| 2 adults | $564 | $613 | $781 | $0 | $620 |
| 1 adult | $560 | $334 | $390 | $0 | $532 |
Safety trends & Data
Property crime trends in Carter County, Kentucky, have shown some fluctuation over the past five years. Burglary arrests peaked at 7.0 in 2019 but fell sharply to 1.0 by 2022. Larceny-theft incidents, while generally low, reached a high of 4.0 in 2022. Motor vehicle theft remained steady, though stolen property and vandalism had inconsistent rates. Investors and potential movers should be aware of these occasional spikes in burglary and stolen property incidents, which could potentially affect... Read more
Property Crime Trends in Carter County, KY Over the Last 5 Years
Property crime trends in Carter County, Kentucky over the past five years show fluctuating rates of various incidents. While burglary arrests saw a noticeable high of 7.0 in 2019, they dropped to just 1.0 by 2022. Trends for larceny-theft were relatively low, peaking at 4.0 in 2022. Motor vehicle theft remained relatively steady, while cases of stolen property and vandalism showed some inconsistency. Overall, those looking to invest or move to the area should note occasional spikes in burglary and stolen property incidents, which could impact property values and insurance rates.
Demographics
In Carter County, Kentucky, the adult population skews slightly female with a near-even gender split. Educational attainment levels suggest a substantial segment has at least a high school diploma, although advanced degrees are relatively rare. Age distribution data might imply a balanced mix across age groups, with a noticeable cluster in the 45-64 range. The racial makeup is predominantly White, with very small percentages represented by other races. This demographic composition offers... Read more
Race Distribution in Carter County, Kentucky (2022)
Educational Attainment in Carter County, Kentucky (2022)
Age Distribution in Carter County, Kentucky
Citizen Population in Carter County, Kentucky (2022)
Political Trends & Data
Carter County, Kentucky, displayed a pronounced Republican inclination in the 2020 U.S. Presidential Election, with around 76% of the votes possibly going to the GOP. Democrats may have garnered roughly 23%, showing a significant leaning towards conservative leadership. Third parties like the Libertarians appeared to have minimal sway, collectively attracting less than 2% of the vote, highlighting a strong two-party dynamic in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Carter County in Kentucky largely leaned Republican in the 2020 U.S. Presidential Election, with an estimated 76% of the vote potentially going to the Republican party. The Democrats might have captured approximately 23%, indicating a strong preference for conservative candidates. Minor parties like the Libertarian and others seem to have had minimal impact, gathering less than 2% collectively. This suggests a predominantly two-party system influence in the county.
75.74% of voters voted for the Republican party in the 2020 Presidential Election
22.81% 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
0.53% of voters voted for the Other party in the 2020 Presidential Election
School Data
Carter County, Kentucky has seen its student-to-teacher ratio fluctuate over the past decade, hitting highs of 16 in 2015 and lows of 13 in 2021, before stabilizing around 16 in 2023. These changes could hint at shifting local population dynamics or variations in school resource allocation. This variability might be of interest to real estate agents, investors, and new residents when considering the area's education quality, which can influence neighborhood desirability and property values.... Read more
Student-to-teacher ratio in Carter County, Kentucky over the last 10 years
Over the past decade, Carter County, Kentucky has experienced fluctuations in student-to-teacher ratios, with numbers peaking at 16 students per teacher in 2015 and dropping to their lowest at 13 in 2021. Most recently, the ratio has climbed back to around 16 in 2023, slightly above the U.S. national average of 14 students per teacher. For potential investors, real estate agents, and new residents, this ebb and flow in student-to-teacher ratios might indicate changing local population dynamics or resource allocation within schools. Appraisers and insurance agents may also find these ratios relevant when assessing property values or risk, as education quality can significantly impact neighborhood desirability.
