Crittenden County Real Estate and Livability Trends
Crittenden County, Kentucky has seen a notable increase in average taxable income, rising from around $41,515.08 in 2013 to approximately $51,134.08 by 2021. Real estate taxes have surged, more than doubling over the past decade to $1,925.00 in 2021, suggesting rising property values and possible local infrastructure development. Additionally, the student-to-teacher ratio has significantly... Read more
Crittenden County Market Trends
Crittenden County, Kentucky, has seen a steady rise in median home values, from $76,000 in 2015 to $105,300 in 2022, though it still lags behind the state and national medians. Interestingly, the average residential energy tax credit per tax return rebounded to $400.00 in 2021, indicating potential investments in energy-efficient upgrades. Real estate taxes have more than doubled in the past... Read more
Median Value of Occupied Housing Units in Crittenden County, Kentucky Over the Last 8 Years
Crittenden County, Kentucky, has experienced a consistent increase in median home values over the last eight years, climbing from $76,000 in 2015 to $105,300 in 2022. This local growth, while significant, still trails behind Kentucky's state median which rose from $123,200 to $177,000 over the same period. Compared to the national median values that surged from $125,500 to $179,400, Crittenden County's housing market appears notably more affordable. Such trends offer promising opportunities for investors or potential homeowners seeking more budget-friendly options while still benefiting from steady appreciation.
Residential Energy Tax Credit Per Tax Return in Crittenden County, KY Over the Last 5 Years
In Crittenden County, Kentucky, the average residential energy tax credit per tax return has fluctuated over the past five years, with a notable dip from $333.33 in 2013 to $220.00 by 2016, and a significant rebound to $400.00 in 2021. This trend could hint at increased local investment in energy-efficient upgrades or possibly reflect fluctuations in available tax incentives. While specific causes might vary, understanding this pattern is crucial for real estate developers, investors, and insurance agents who might be assessing the economic climate and sustainable development priorities in the area.
Average Real Estate Taxes Per Tax Return in Crittenden County, KY Over the Last 10 Years
Crittenden County, Kentucky has seen a notable increase in average real estate taxes per tax return over the past decade, climbing from around $996.92 in 2012 to approximately $1,925.00 in 2021. This upward trend, with particularly sharp rises in 2018 and 2020, could impact property considerations, influencing decisions for potential investors, appraisers, and current residents. Higher taxes often reflect rising property values and can signal growing local amenities and infrastructure but may also affect affordability and overall cost of living.
Percentage of Farm Returns in Crittenden County, KY Over the Last 10 Years
Crittenden County, Kentucky has seen fluctuation in the percentage of farm tax returns over the past decade, ranging from a high of around 13.41% in 2013 to a low of roughly 10.27% in 2020, with recent years hovering just over 10%. Farm tax returns indicate the proportion of income reported from farming activities, reflecting the area's agricultural health and economic leaning. For those looking to invest in or build property here, these trends can offer insight into local economic stability and the potential for agricultural investments. While the numbers suggest a slight dip, the general stability around the 10-13% range might imply consistent though modest farm-based income activity.
Number of Mortgages by Occupancy Type in Crittenden County, KY Over the Last 5 Years in Crittenden County
Crittenden County, Kentucky, shows a stable trend for investment properties with minimal fluctuations over the past five years. However, there’s a noticeable increase in principal residence mortgages from 2018 to 2021, peaking significantly in 2021, then slightly declining in 2022. Second residences remain consistently low across all years. These shifts in occupancy type may impact the local real estate market, influencing property values, tax revenues, and the types of community services needed. For investors, the stable investment property numbers might underscore a reliable rental market, while the surge in principal residences could indicate a growing population or increased homeownership sentiment. Insurance agents and appraisers might find these trends critical for risk assessments and property valuations, respectively.
Economic Outlook
Crittenden County, Kentucky, has seen a steady rise in average taxable income per tax return from around $41,515.08 in 2013 to approximately $51,134.08 by 2021, a sign of gradual economic improvement. Significant fluctuations in state and local income taxes, peaking at $10,477.78 in 2018 then stabilizing at $6,112.50 in 2021, hint at evolving fiscal policies. The average total tax liability has also shown a general upward trend, starting at $5,022.58 in 2012 and reaching $6,441.35 in 2021.... Read more
Average Taxable Income per Tax Return in Crittenden County, KY over the last 9 years
Crittenden County, Kentucky, has experienced a steady increase in average taxable income per tax return over the past nine years. Starting at approximately $41,515.08 in 2013, the figure has risen to around $51,134.08 by 2021. This upward trend suggests a gradual improvement in economic conditions, making the area potentially attractive for investors, property developers, and new residents who are considering the financial landscape. With taxable incomes showing such growth, it may also imply a strengthening local economy and an evolving market that real estate agents and appraisers should closely monitor.
Average State and Local Income Taxes Per Tax Return in Crittenden County, KY Over the Last 10 Years
Over the last decade, Crittenden County, Kentucky has seen significant fluctuations in average state and local income taxes per tax return. Starting at $4,806.25 in 2012 and peaking dramatically at $10,477.78 in 2018, these variations might be due to changes in local tax policies or economic shifts. In recent years, the average has stabilized somewhat, though it remains higher than earlier years, settling at $6,112.50 in 2021. Understanding these trends could be crucial for prospective residents, investors, and developers as they indicate changing economic conditions and fiscal policies in the county.
Average Total Tax Liability Per Tax Return in Crittenden County, KY Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Crittenden County, Kentucky has seen a fluctuating yet upward trend. It started around $5,022.58 in 2012 and peaked in 2021 at approximately $6,441.35. Investors might find this data relevant as it reflects the changing economic landscape and potential shifts in local fiscal policies. This nuanced view can help in understanding how tax obligations have evolved, which might impact financial planning and property investments in the area.
Cost of Living in Crittenden County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $939 | $1,283 | $1,746 | $1,012 | $1,057 |
| 1 adult 4 children | $939 | $1,048 | $1,335 | $1,012 | $1,126 |
| 2 adults 3 children | $939 | $1,048 | $1,515 | $1,012 | $880 |
| 1 adult 3 children | $939 | $856 | $1,104 | $1,012 | $867 |
| 2 adults 2 children | $742 | $858 | $1,284 | $878 | $775 |
| 1 adult 2 children | $742 | $641 | $873 | $878 | $684 |
| 2 adults 1 child | $742 | $678 | $1,053 | $442 | $738 |
| 1 adult 1 child | $742 | $438 | $642 | $442 | $617 |
| 2 adults | $564 | $545 | $822 | $0 | $640 |
| 1 adult | $538 | $297 | $411 | $0 | $545 |
Safety trends & Data
Crittenden County, Kentucky has experienced varied crime trends, influencing real estate market considerations. Burglary incidents spiked in 2021 with 10 reported cases but saw a decrease afterwards. Larceny-theft peaked in 2020 at 13 cases and notably declined to just 1 in 2022. Occasional motor vehicle theft and embezzlement, alongside a slight uptick in vandalism, highlight fluctuating crime patterns that may impact real estate investment and community initiatives. This dynamic crime... Read more
Property Crime Trends in Crittenden County, KY Over the Last 5 Years
Over the last five years, Crittenden County, Kentucky has seen a fluctuating pattern in property crime. Burglary incidents spiked in 2021 with 10 reported cases but decreased in subsequent years. Larceny-theft cases peaked in 2020 with 13, yet notably declined to just 1 in 2022. There were occasional instances of motor vehicle theft and embezzlement, while vandalism showed a slight increase recently. Such varied trends could impact decisions ranging from real estate investments to community safety programs, offering both caution and opportunities for strategic planning in the county.
Demographics
Crittenden County, Kentucky exhibits a slight male majority among adults, with males and females almost evenly split. While educational attainment leans heavily towards high school graduates, it's important to note the minimal presence of those holding bachelor's or graduate degrees. The age distribution suggests a relatively balanced population across various age groups, though there's a substantial representation among those aged 55 to 64 years. The racial composition is predominantly White,... Read more
Race Distribution in Crittenden County, Kentucky (2022)
Educational Attainment in Crittenden County, Kentucky (2022)
Age Distribution in Crittenden County, Kentucky
Citizen Population in Crittenden County, Kentucky (2022)
Political Trends & Data
Crittenden County, Kentucky, has a strong conservative tilt, with over 81% of the 2020 U.S. Presidential Election votes potentially indicating a Republican stronghold. Democratic support hovered around 17%, showing limited liberal influence, while third-party candidates received negligible backing, hinting at a predominantly two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Crittenden County, Kentucky, the 2020 U.S. Presidential Election saw a significant lean toward the Republican Party, with over 81% of the vote possibly indicating strong conservative values in the region. Democratic support appeared relatively low at just over 17%, suggesting limited liberal influence. Third-party candidates, including Libertarians, received minimal backing, likely reflecting a predominantly two-party political landscape.
81.35% of voters voted for the Republican party in the 2020 Presidential Election
17.23% of voters voted for the Democrat party in the 2020 Presidential Election
1.11% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Crittenden County, Kentucky has experienced a significant decrease in the student-to-teacher ratio, dropping from 16 students per teacher in 2014 to just over 11 in 2023. Now below the national average of 14, this could suggest enhanced educational opportunities, thus potentially attracting families seeking better schools. Real estate agents, investors, and builders might see this as a positive trend for residential market growth, while insurance agents and appraisers may need to consider how... Read more
Student-to-teacher ratio in Crittenden County, Kentucky over the last 10 years
The student-to-teacher ratio in Crittenden County, Kentucky has seen a notable decrease over the past decade, dropping from 16 students per teacher in 2014 to just over 11 in 2023. This shift brings the county well below the current national average of 14 students per teacher. A lower ratio can imply more individualized attention for students, which might attract families seeking better educational environments. Investors, real estate agents, and builders could view this trend as a positive indicator for future growth and demand in the residential market. For insurance agents and appraisers, this could signal potential changes in community demographics and property values.
