Casey County Real Estate and Livability Trends
Casey County, Kentucky, has shown promising economic growth, with average taxable income rising from $32,513.95 in 2013 to $42,805.77 in 2021, making the area more appealing for investors. However, the financial landscape has shifted, with rising state and local income taxes and total tax liabilities increasing significantly. Median home values have seen substantial growth, rising from $76,500.00... Read more
Casey County Market Trends
Casey County, Kentucky, has seen median home values rise significantly over the past eight years, climbing from $76,500.00 in 2015 to $124,300.00 in 2022. This growth contrasts with the statewide and national trends, which also saw increases but started from higher baselines. The county has also experienced fluctuations in residential energy tax credits, peaking at $700.00 per return in 2021,... Read more
Median Value of Occupied Housing Units in Casey County, Kentucky Over the Last 8 Years
Over the past eight years, Casey County, Kentucky, has experienced a significant rise in median home values, climbing from $76,500.00 in 2015 to $124,300.00 in 2022. This upward trend contrasts with Kentucky's statewide and national figures, which also saw increases but started from higher baselines. In comparison, the national median home value went from $125,500.00 in 2015 to $179,400.00 in 2022, while Kentucky saw growth from $123,200.00 to $177,000.00 in the same period. For prospective homebuyers or investors, this trend could suggest burgeoning real estate opportunities in Casey County, potentially offering more affordable entry points relative to broader regional and national markets.
Residential Energy Tax Credit Per Tax Return in Casey County, KY Over the Last 8 Years
Casey County, Kentucky has seen notable fluctuations in residential energy tax credits over the last eight years, peaking at $700.00 per tax return in 2021. This volatility, with low points around $250.00-$266.67 in 2014 and 2020, respectively, may suggest varying levels of investment in energy-efficient home improvements or changes in state policies and incentives. Recognizing these trends can be valuable for investors, real estate agents, and homeowners planning energy-efficient upgrades, as larger credits could offset costs significantly, enhancing property value and desirability.
Average Real Estate Taxes Per Tax Return in Casey County, KY Over the Last 10 Years
In Casey County, Kentucky, average real estate taxes per tax return have shown a general upward trend over the past decade. There has been a significant rise, especially notable from $1,110.00 in 2012 to $2,300.00 in 2021. The sharp increase observed in 2018, peaking at $2,233.33, suggests external factors could be impacting property valuations or tax rates. For potential investors, homebuyers, or real estate professionals, understanding these dynamics is crucial as they may influence property costs, resale values, and overall investment strategies in the area.
Percentage of Farm Returns in Casey County, KY Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Casey County, Kentucky has shown a slight but consistent decline, dropping from approximately 17.23% in 2012 to 14.42% in 2021. Farm tax returns generally indicate the number of farms reporting income for taxation purposes, which can be a useful metric for gauging agricultural activity and economic health in a region. This trend may suggest a gradual decrease in agricultural operations or profitability, potentially impacting local economies, land values, and investment opportunities. Understanding these shifts is crucial for those considering agricultural investments, relocating to the area, or developing property, as it may indicate broader economic dynamics at play.
Number of Mortgages by Occupancy Type in Casey County, KY Over the Last 5 Years in Casey County
Casey County, Kentucky has seen a varied landscape in mortgage distribution across different occupancy types over the last five years. While the number of mortgages for principal residences has generally increased, peaking at 407 in 2021, there has been a noticeable decline in investment property mortgages, dropping to just 2 in 2021. Second residences have maintained relatively low but steady numbers. Shifts in occupancy types could reflect broader market dynamics, affecting property values, insurance risks, and investment opportunities. Real estate agents, appraisers, and insurers might find these trends indicative of changing buyer priorities and economic conditions.
Economic Outlook
Casey County, Kentucky, has seen a steady rise in average taxable income per tax return, moving from $32,513.95 in 2013 to $42,805.77 in 2021. This suggests economic growth that could make the area increasingly appealing for investors and developers. Additionally, fluctuating but generally rising state and local income taxes, peaking at $10,012.50 in 2020, indicate a growing financial burden for residents and investors. Finally, the total tax liability has also trended upward, suggesting shifts... Read more
Average Taxable Income per Tax Return in Casey County, KY over the last 9 years
The average taxable income per tax return in Casey County, Kentucky has demonstrated a consistent increase over the past nine years, moving from $32,513.95 in 2013 to $42,805.77 in 2021. This gradual upward trend suggests that the area may be experiencing economic growth, potentially making it a more attractive destination for investors, new residents, or developers. This upward trajectory might also influence property appraisals and insurance rates, presenting opportunities and considerations for real estate agents and insurance agents alike.
Average State and Local Income Taxes Per Tax Return in Casey County, KY Over the Last 10 Years
Over the past decade, Casey County, Kentucky has experienced a significant increase in average state and local income taxes per tax return, peaking at $10,012.50 in 2020. Despite a subsequent decline, the overall trend indicates rising tax obligations that could impact both current residents and prospective investors. This trajectory suggests deeper pockets required for living and investing here, signaling a growing financial burden that potential property developers and homebuyers should carefully consider.
Average Total Tax Liability Per Tax Return in Casey County, KY Over the Last 10 Years
Over the past decade, Casey County, Kentucky, has seen a fluctuating but generally upward trend in the average total tax liability per tax return. Starting at approximately $3,904.46 in 2012, the metric saw increases with some variability, reaching around $5,611.66 in 2021. Notable dips occurred in 2018 and 2019, suggesting possible economic shifts or policy changes. These patterns may be of interest to potential investors and those considering moving to or building property in the area, indicating both the economic growth and the changing fiscal landscape.
Cost of Living in Casey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $985 | $1,206 | $1,820 | $1,056 | $1,047 |
| 1 adult 4 children | $985 | $985 | $1,392 | $1,056 | $1,085 |
| 2 adults 3 children | $985 | $986 | $1,579 | $1,056 | $856 |
| 1 adult 3 children | $985 | $805 | $1,151 | $1,056 | $860 |
| 2 adults 2 children | $742 | $807 | $1,338 | $916 | $755 |
| 1 adult 2 children | $742 | $603 | $910 | $916 | $658 |
| 2 adults 1 child | $742 | $638 | $1,097 | $461 | $715 |
| 1 adult 1 child | $742 | $412 | $669 | $461 | $596 |
| 2 adults | $654 | $512 | $856 | $0 | $645 |
| 1 adult | $538 | $279 | $428 | $0 | $525 |
Safety trends & Data
Property crime trends in Casey County, Kentucky, have shown variability, with notable peaks in burglary and larceny-theft incidents. Interestingly, burglary peaked in 2020 with 12 arrests but dropped to just 2 by 2022, while larceny-theft saw a peak of 7 in 2018, also declining to 2 by 2022. These trends suggest a potential improvement in safety, which might appeal to investors and homeowners. However, fluctuations in crime rates, including arson and embezzlement, could impact insurance costs... Read more
Property Crime Trends in Casey County, KY Over the Last 5 Years
Property crime trends in Casey County, Kentucky show variability over the past five years, especially with burglary and larceny-theft incidents. Burglary peaked in 2020 with 12 arrests while generally declining in subsequent years, dropping to just 2 in 2022. Larceny-theft also saw fluctuations, peaking at 7 in 2018 and decreasing to 2 by 2022. The patterns indicate a possible improvement in recent years, which could be attractive for potential investors and homeowners. However, the variety in crime types, including lesser-reported incidents like arson and embezzlement, may influence insurance considerations and property appraisals. For real estate agents, understanding these crime trends could assist in advising clients accurately about the safety and desirability of the area.
Demographics
Casey County, Kentucky has a slightly higher female population compared to male. The county's educational attainment indicates a majority with at least a high school diploma, though there's a small percentage with advanced degrees. Age distribution shows a balanced spread from youth to older adults, with a noticeable concentration in the 55 to 64-year bracket. The racial composition is predominantly White with minimal diversity, as other races make up a very small fraction of the... Read more
Race Distribution in Casey County, Kentucky (2022)
Educational Attainment in Casey County, Kentucky (2022)
Age Distribution in Casey County, Kentucky
Citizen Population in Casey County, Kentucky (2022)
Political Trends & Data
Casey County, Kentucky, leans heavily Republican, with around 86% of the vote in the 2020 U.S. Presidential Election going to the GOP. Democrats received just over 12%, while Libertarians and other parties barely made a dent. This voting pattern hints at a strong conservative inclination among residents, which could influence local policy and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Casey County, Kentucky, leans heavily Republican, with the party capturing around 86% of the vote in the 2020 U.S. Presidential Election. Democrats garnered just over 12%, while Libertarians received a minimal share, and other parties barely registered. This voting pattern suggests a strong conservative inclination among Casey County residents.
86.17% of voters voted for the Republican party in the 2020 Presidential Election
12.80% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Casey County, Kentucky has experienced a gradual decrease in its student-to-teacher ratio over the past decade, dropping from around 16 students per teacher to 14. This trend aligns more closely with the national average and may suggest improving classroom conditions and better education quality. These developments could attract families considering relocation, investors eyeing property developments, and insurance agents assessing risk. What's more, real estate agents can highlight these... Read more
Student-to-teacher ratio in Casey County, Kentucky over the last 10 years
Casey County, Kentucky has seen a gradual decrease in its student-to-teacher ratio over the last decade, moving from highs around 16 students per teacher down to 14 in recent years. This trend is now closer to the national average of 14 students per teacher, which may signal improving classroom conditions and potentially higher quality of education. These changes might appeal to families looking to move to the area, investors considering property developments, and insurance agents assessing risk. Real estate agents can highlight these positive educational trends, while appraisers may see this as a factor in stabilizing or elevating property values.
