Clark County Real Estate and Livability Trends
Clark County, Kentucky has seen median home values rocket from $142,700 in 2015 to $183,200 in 2022, outstripping state and national rates. Real estate taxes have risen alongside property valuations, climbing from an average of $1,784.49 in 2012 to $2,858.46 in 2021. There's an observable shift away from agricultural land use as farm tax returns decline. Mortgages for principal residences have... Read more
Clark County Market Trends
Clark County, Kentucky's median home values have surged from $142,700 in 2015 to $183,200 in 2022, outpacing both state and national growth rates. Residential energy tax credit values have fluctuated, with peaks in 2018 and 2020 that could indicate heightened investment in energy-efficient improvements. Real estate taxes have risen from an average of $1,784.49 in 2012 to $2,858.46 in 2021,... Read more
Median Value of Occupied Housing Units in Clark County, Kentucky Over the Last 8 Years
Clark County, Kentucky has seen a steady increase in median home values over the last eight years, rising from $142,700 in 2015 to $183,200 in 2022. This growth outpaces both the state of Kentucky and national trends, where median values in Kentucky rose from $123,200 to $177,000 and nationally from $125,500 to $179,400 over the same period. For potential investors or homebuyers, this could suggest a robust local market and rising property value potential.
Residential Energy Tax Credit Per Tax Return in Clark County, KY Over the Last 9 Years
The residential energy tax credit per tax return in Clark County, Kentucky has shown significant fluctuations over the past nine years. Notably, there was a spike in 2018 reaching $1533.33, and another increase in 2020 at $1465.00. This data could suggest varying levels of investment in energy-efficient residential improvements or changes in tax policy. For investors, real estate agents, and insurance agents, these trends might indicate periods of heightened homeowner interest in sustainability, potentially impacting property values and insurance rates. Moreover, those considering moving to or building in the area might find energy efficiency incentives to be attractive financial benefits.
Average Real Estate Taxes Per Tax Return in Clark County, KY Over the Last 10 Years
Over the past decade, Clark County, Kentucky has seen a rise in average real estate taxes per tax return. From $1,784.49 in 2012, the figure has climbed to $2,858.46 in 2021, with a notable spike in 2018 where it reached $2,762.65. This consistent increase may suggest a growing demand or higher property valuations, which could be important for investors, real estate professionals, or new residents considering moving into the area. The trend could also affect appraisal values and insurance premiums, making it paramount for interested parties to stay informed.
Percentage of Farm Returns in Clark County, KY Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Clark County, Kentucky has shown a gradual decline, moving from 5.57% in 2012 to 4.73% in 2021. Farm tax returns are typically filed by entities engaged in agricultural activities that generate income, and a reduction might suggest a shift in the local economy or farming practices. This trend could be interesting for investors and potential residents, as it may indicate changes in land use, possibly shifting away from traditional farming towards other forms of development or industry. For those looking to build property or move to the area, understanding these changes could be crucial for making informed decisions.
Number of Mortgages by Occupancy Type in Clark County, KY Over the Last 5 Years in Clark County
From 2018 to 2022, Clark County, Kentucky saw consistently higher numbers in mortgages for principal residences compared to investment and second residences. The figures peak notably in 2021 for principal residences with 2,483 mortgages, followed by a dip to 1,745 in 2022. Investment property mortgages maintain a relatively steady range between 130-160 annually, while second residences rarely exceed 15 mortgages per year. These variations influence market dynamics, attracting potential investors towards primary residential markets due to higher activity. For appraisers and insurance agents, the stable but lower investment property volumes indicate manageable risk and consistent valuation trends. Real estate agents might prioritize principal residence offerings, reflecting current buyer demand. Property developers can use these insights to tailor projects that cater more towards primary residents, maximizing market suitability and profitability.
Economic Outlook
Over nine years, Clark County, Kentucky has seen an upward trend in average taxable income per tax return, starting at about $46,651.74 in 2013 and climbing to $62,483.13 by 2021, suggesting improving financial health among residents. State and local income taxes per tax return have followed a similar pattern, with notable spikes such as the rise from $7,547.71 in 2017 to $10,350.65 in 2018, possibly due to economic or policy changes. Average total tax liability per tax return also increased... Read more
Average Taxable Income per Tax Return in Clark County, KY over the last 9 years
Over nine years, Clark County, Kentucky has seen a generally upward trend in average taxable income per tax return, indicating potential economic growth in the region. Starting at approximately $46,651.74 in 2013 and climbing to around $62,483.13 by 2021, this suggests improving financial health among residents. This rise may interest property investors, especially those scouting for areas with economic stability. Insurance agents might also find this data useful for assessing risk and premium calculations based on increasing income levels. For anyone looking to move to Clark County, the steady rise in income could signal better employment opportunities and economic conditions, making it a potentially attractive option.
Average State and Local Income Taxes Per Tax Return in Clark County, KY Over the Last 10 Years
Over the last decade, state and local income taxes per tax return in Clark County, Kentucky have shown a consistent upward trend with notable spikes. For instance, there was a significant rise from $7,547.71 in 2017 to $10,350.65 in 2018, indicating possible economic or policy changes that year. This increase in tax obligations can impact decisions for potential investors and individuals considering moving to or building property in the county, as it reflects the region’s evolving fiscal landscape. For residents, this trend highlights the growing financial contributions expected over time.
Average Total Tax Liability Per Tax Return in Clark County, KY Over the Last 10 Years
Clark County, Kentucky has experienced a notable upward trend in average total tax liability per tax return over the past decade. 2012 started at $6,409.36, and 2021 saw a significant increase to $8,769.98. Fluctuations, like those in 2018 and 2020 where there was a dip compared to surrounding years, might indicate economic variances or policy changes. This trend may signal a growing economic base and could be a critical consideration for potential investors, homebuyers, and developers assessing long-term financial commitments.
Cost of Living in Clark County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,154 | $1,311 | $1,789 | $1,438 | $1,304 |
| 1 adult 4 children | $1,154 | $1,071 | $1,367 | $1,438 | $1,403 |
| 2 adults 3 children | $1,154 | $1,071 | $1,553 | $1,438 | $1,086 |
| 1 adult 3 children | $1,154 | $874 | $1,131 | $1,438 | $1,167 |
| 2 adults 2 children | $848 | $877 | $1,317 | $1,268 | $928 |
| 1 adult 2 children | $848 | $655 | $894 | $1,268 | $876 |
| 2 adults 1 child | $848 | $693 | $1,080 | $717 | $855 |
| 1 adult 1 child | $848 | $448 | $658 | $717 | $724 |
| 2 adults | $699 | $557 | $844 | $0 | $689 |
| 1 adult | $584 | $304 | $422 | $0 | $534 |
Safety trends & Data
Property crimes in Clark County, Kentucky have experienced dynamic shifts over the past five years, with larceny-theft remaining the most common incident. It peaked at 167 cases in 2020 but slightly decreased to 154 by 2022. Burglary incidents varied, hitting a high of 28 in 2020, dropping to 14 in 2021, and then rising slightly. Motor vehicle theft and fraud-related crimes spiked in certain years but later decreased. Vandalism saw a notable spike in 2020 but significantly dropped afterward.... Read more
Property Crime Trends in Clark County, KY Over the Last 5 Years
Property crimes in Clark County, Kentucky have seen fluctuating trends over the past five years. Larceny-theft consistently remains the predominant incident, peaking at 167 in 2020 and slightly decreasing to 154 by 2022. Burglary occurrences have varied, with a notable high of 28 in 2020 and a subsequent drop to 14 in 2021 before rising slightly again. Motor vehicle theft saw an increase in 2020 but has since decreased. Instances of vandalism spiked during 2020, then significantly plummeted in the following years. Interestingly, fraud-related crimes showed a peak in 2019 with a value of 13 but dropped drastically in 2021. These dynamic shifts in crime patterns could impact decisions for investors, insurers, and anyone considering property development or moving to the area.
Demographics
Clark County, Kentucky, features a nearly balanced gender distribution, with males slightly outnumbered by females. The county's educational attainment is diverse, but a significant portion has at least a high school diploma or some college experience. Age-wise, the county is relatively young, with a noticeable concentration in the 25 to 64 age bracket. Demographically, the region is predominantly White, with other races forming a small, albeit important, minority. These insights suggest... Read more
Race Distribution in Clark County, Kentucky (2022)
Educational Attainment in Clark County, Kentucky (2022)
Age Distribution in Clark County, Kentucky
Citizen Population in Clark County, Kentucky (2022)
Political Trends & Data
Clark County, Kentucky, tends to favor Republican policies, with around 65% of votes going to the GOP in recent elections. About 33% of the electorate supported the Democratic candidate, pointing to a notable, though weaker, Democratic presence. Libertarian support was minimal, at just over 1%. This strong GOP preference could influence local political dynamics and strategic planning for future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clark County, Kentucky, appeared to lean strongly Republican, with roughly 65% of the votes going to the GOP. About 33% of the electorate supported the Democratic candidate, indicating a significant, though less potent, presence. Libertarians garnered a little over 1% of the votes, while other parties barely registered. The data suggests a clear preference for Republican policies in this region, potentially influencing local political dynamics and future election strategies.
65.15% of voters voted for the Republican party in the 2020 Presidential Election
33.12% of voters voted for the Democrat party in the 2020 Presidential Election
1.25% of voters voted for the Livertarian party in the 2020 Presidential Election
0.48% of voters voted for the Other party in the 2020 Presidential Election
School Data
Clark County, Kentucky's student-to-teacher ratio has fluctuated over the last decade, reaching nearly 18 in 2015 and 2017, but dropping to just over 13 in 2022. With a US national average of 14, these changes impact classroom dynamics and teaching quality, influencing property values, school desirability for families, and overall community appeal. Real estate agents, investors, and potential residents pay close attention to these metrics as they reflect potential periods of overcrowding or... Read more
Student-to-teacher ratio in Clark County, Kentucky over the last 10 years
Over the last decade, the student-to-teacher ratio in Clark County, Kentucky has shown significant fluctuations, peaking at nearly 18 in both 2015 and 2017 but dropping to an impressive low of just over 13 in 2022. This varying ratio can affect classroom dynamics, teaching quality, and individual attention given, which in turn has implications for property values, school desirability for families, and broader community appeal. Notably, when compared to the current US national average of 14 students per teacher, Clark County has seen both higher and lower ratios, which could suggest periods of overcrowding or optimal student engagement, crucial factors for stakeholders such as real estate agents, investors, and those looking to move into the area.
