Daviess County Real Estate and Livability Trends
Real estate trends in Daviess County, Kentucky, reveal several key takeaways for investors and real estate professionals. Average taxable income has risen from $50,098 in 2013 to $65,753 by 2021, potentially boosting consumer spending and property values. Despite fluctuations in the poverty rate, property values have climbed, with median home value hitting $171,100 in 2022, although still below... Read more
Daviess County Market Trends
Daviess County, Kentucky, shows an intriguing housing market, marked by an increasing median home value reaching $171,100 in 2022, still below both the state and national medians. Residential energy tax credits spiked to $2,862.50 in 2018, hinting at a push for energy-efficient improvements despite subsequent fluctuations. Real estate taxes jumped from $1,891.76 in 2012 to $3,706.43 in 2021,... Read more
Median Value of Occupied Housing Units in Daviess County, Kentucky Over the Last 8 Years
The median home values in Daviess County, Kentucky have seen a steady rise over the past eight years, with the latest figure in 2022 reaching $171,100. In comparison, Kentucky's median value elevated to $177,000 and the national median value soared to $179,400. This data suggests that while Daviess County is experiencing significant growth, it remains more affordable than both the state average and national averages. These trends could indicate a stronger appeal for potential homebuyers or investors looking for comparatively lower price points with promising appreciation over time.
Residential Energy Tax Credit Per Tax Return in Daviess County, KY Over the Last 9 Years
Daviess County, Kentucky has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years. In 2018, the credit spiked dramatically to $2,862.50, suggesting a surge in energy-efficient home improvements. While this peak was followed by a steep drop, the credit amount remains notably higher than earlier years. This indicates a growing local investment in energy efficiency, which could attract eco-conscious investors and homeowners, and may influence property appraisals and insurance considerations.
Average Real Estate Taxes Per Tax Return in Daviess County, KY Over the Last 10 Years
Over the past decade, Daviess County, Kentucky has seen a notable increase in average real estate taxes per tax return, climbing from around $1,891.76 in 2012 to approximately $3,706.43 in 2021. This upward trend suggests rising property values and potentially increased county services or infrastructure improvements. For real estate investors, appraisers, and prospective homeowners, this data may imply a growing or developing market. However, higher taxes could also influence insurance premiums and overall costs for property owners, factors worth considering when making investment decisions in the area.
Percentage of Farm Returns in Daviess County, KY Over the Last 10 Years
The percentage of farm tax returns in Daviess County, Kentucky has shown a gradual downward trend over the past decade, starting at approximately 2.72% in 2012 and decreasing to around 2.13% in 2021. Farm tax returns, which refer to tax filings specifically attributed to agricultural income, indicate the economic presence and activity level of farming in the area. This trend may suggest a slight decline in agricultural economic influence or possibly shifts in agricultural practices and demographics. For prospective investors, new residents, or developers, understanding this reduction could be crucial in making informed decisions about engaging with Daviess County's economic landscape.
Number of Mortgages by Occupancy Type in Daviess County, KY Over the Last 5 Years in Daviess County
Mortgage trends in Daviess County, Kentucky reveal fluctuating counts for different occupancy types over the last five years. Principal residences dominate with substantial mortgage numbers, peaking around 2021. Investment property mortgages also see a steady interest but are significantly lower, reaching a high in 2022. Mortgages for second residences remain minimal, suggesting limited demand. For investors, these patterns indicate varying levels of interest and opportunity; appraisers and real estate agents should take note of the primary demand for principal residences. Insurance agents could see stability in principal residence policies but may need tailored approaches for the niche second residence market. Understanding these shifts helps in making informed decisions about property development, valuation, and risk assessment in the county.
Economic Outlook
In Daviess County, Kentucky, average taxable income per tax return has seen a steady rise from $50,098 in 2013 to $65,753 by 2021, indicating a more positive economic outlook. This trend could translate into higher consumer spending and potentially increased property values, making the region appealing to investors and real estate pros. Reflecting on state and local income taxes, the nearly twofold increase from $6,516.29 in 2012 to $14,050.83 in 2021 reinforces this economic narrative.... Read more
Average Taxable Income per Tax Return in Daviess County, KY over the last 9 years
Over the last nine years, Daviess County, Kentucky has seen a consistent increase in average taxable income per tax return. Starting at around $50,098 in 2013, it has grown to approximately $65,753 by 2021, which suggests a positive economic trend. This growth indicates potential for increased consumer spending and investment opportunities, making the area attractive to investors, real estate agents, and those considering relocating. For appraisers and insurance agents, this upward trend could signal a rise in property values and a need to adjust valuations accordingly.
Average State and Local Income Taxes Per Tax Return in Daviess County, KY Over the Last 10 Years
Over the last decade, Daviess County in Kentucky has seen a notable increase in average state and local income taxes per tax return, starting from around $6,516.29 in 2012 and nearly doubling to $14,050.83 in 2021. The most significant jumps were observed post-2017, with a particularly sharp rise between 2017 and 2018. This steady growth signifies increased local revenue and possibly higher income levels, making it a point of interest for potential investors and residents looking at property value trends and local economic health.
Average Total Tax Liability Per Tax Return in Daviess County, KY Over the Last 10 Years
Daviess County, Kentucky has seen a steady increase in average total tax liability per tax return over the last decade. Starting at $7,757.35 in 2012, it has shown a notable upward trend, peaking at $9,933.63 in 2021. The escalation in tax liabilities could indicate rising incomes or property values in the area, making it potentially attractive for investors and prospective residents looking for economic opportunities. If you're considering building property or moving to Daviess County, these financial trends might signal a healthy economic environment.
Cost of Living in Daviess County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,256 | $1,343 | $1,758 | $1,357 | $1,272 |
| 1 adult 4 children | $1,256 | $1,097 | $1,343 | $1,357 | $1,364 |
| 2 adults 3 children | $1,256 | $1,097 | $1,526 | $1,357 | $1,057 |
| 1 adult 3 children | $1,256 | $896 | $1,111 | $1,357 | $1,132 |
| 2 adults 2 children | $951 | $898 | $1,294 | $1,191 | $909 |
| 1 adult 2 children | $951 | $671 | $879 | $1,191 | $853 |
| 2 adults 1 child | $951 | $710 | $1,062 | $653 | $843 |
| 1 adult 1 child | $951 | $459 | $647 | $653 | $702 |
| 2 adults | $722 | $570 | $830 | $0 | $658 |
| 1 adult | $718 | $311 | $415 | $0 | $567 |
Safety trends & Data
In Daviess County, Kentucky, there's been a noticeable improvement in property crime rates over the past five years. Larceny-theft incidents plummeted from 646 in 2018 to just 31 in 2022, while burglary numbers dropped from 109 to only 1 in the same period. Although vandalism cases fluctuated, peaking at 88 in 2020 before falling to just 1 in 2022, the overall trend suggests increased safety. This decline in property crimes could make the area more appealing to investors, new residents, and... Read more
Property Crime Trends in Daviess County, KY Over the Last 5 Years
Over the past five years in Daviess County, Kentucky, there has been a noticeable decline in property crimes. Larceny-theft, for instance, saw a dramatic drop from 646 incidents in 2018 to just 31 in 2022. Burglary numbers similarly fell from 109 in 2018 to only 1 by 2022. While vandalism showed fluctuations, peaking at 88 cases in 2020 before dropping to just 1 in 2022, overall crime trends indicate improved safety and lower property crime rates, which might appeal to potential investors, new residents, and real estate professionals.
Demographics
Daviess County, Kentucky shows a nearly balanced adult population split with slightly more females than males. The county's educational attainment is somewhat varied, with nearly 23,487 being high school graduates and a small portion holding graduate or professional degrees. The age distribution suggests a fairly young population, with significant proportions under 45 years. The racial makeup is predominantly White, with small representations of African American, Asian, and other minority... Read more
Race Distribution in Daviess County, Kentucky (2022)
Educational Attainment in Daviess County, Kentucky (2022)
Age Distribution in Daviess County, Kentucky
Citizen Population in Daviess County, Kentucky (2022)
Political Trends & Data
Daviess County, Kentucky, shows a significant Republican preference, with around 63% of voters leaning this way in the 2020 U.S. Presidential Election, while Democrats attracted roughly 35%. Libertarians and other third parties barely made a dent, capturing about 1.5% of the vote combined, hinting at a potential conservative tilt in local political attitudes. This trend could influence regional development policies and real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Daviess County, Kentucky, saw a marked lean towards Republican voters in the 2020 U.S. Presidential Election, with nearly 63% of the vote, compared to approximately 35% for Democrats. The presence of third-party candidates was marginal, with Libertarians capturing about 1% and other parties collectively garnering just half a percent. These numbers might suggest a strong conservative preference among the county's electorate.
63.00% of voters voted for the Republican party in the 2020 Presidential Election
35.10% of voters voted for the Democrat party in the 2020 Presidential Election
1.36% of voters voted for the Livertarian party in the 2020 Presidential Election
0.54% of voters voted for the Other party in the 2020 Presidential Election
School Data
Daviess County, Kentucky has seen its student-to-teacher ratio drop from 17 students per teacher in 2014 to 13 in 2021, largely aligning with the current U.S. national average of 14. This trend could be a draw for families prioritizing education, making it a compelling selling point for real estate agents. The improved ratios might also lead to increased demand in the area, advantageous for appraisers and insurance agents as families seek out better schooling... Read more
Student-to-teacher ratio in Daviess County, Kentucky over the last 10 years
Over the past decade, Daviess County, Kentucky has seen a notable fluctuation in its student-to-teacher ratio. From a higher ratio of 17 students per teacher in 2014 to a recent low of 13 in 2021, the county's numbers have generally moved closer to the current U.S. national average of 14 students per teacher. This shift can be advantageous for prospective residents or investors, as smaller class sizes often correlate with better educational outcomes. For real estate agents, lower student-to-teacher ratios can be a selling point, potentially attracting families prioritizing quality education. Additionally, appraisers and insurance agents might see increased demand in the area, driven by families seeking improved schooling conditions. Keeping an eye on these trends can offer useful insights for anyone considering a move or investment in Daviess County.
