Edmonson County Real Estate and Livability Trends
Edmonson County, Kentucky's real estate market offers interesting dynamics for investors and developers. Average taxable incomes have risen from $37,666.88 in 2013 to $51,778.69 by 2021, suggesting economic improvement, though increased state and local taxes could affect financial decisions. The median home value at $116,000 in 2022 remains affordable despite rising real estate taxes, hinting at... Read more
Edmonson County Market Trends
Edmonson County, Kentucky's real estate market has seen a recent median home value of $116,000 in 2022, significantly lower than both state and national averages, making it an affordable choice. The fluctuating residential energy tax credits hint at sporadic interest in energy-efficient home improvements, indicating possible future shifts towards greener living. Rising real estate taxes, which... Read more
Median Value of Occupied Housing Units in Edmonson County, Kentucky Over the Last 8 Years
Edmonson County, Kentucky has seen significant fluctuations in median home values over the past 8 years, with a recent uptick reaching $116,000 in 2022. This pales in comparison to the 2022 median home values of $177,000 for Kentucky and $179,400 nationally, indicating more affordable real estate in Edmonson County. For those considering investment or relocation, this region might provide a more budget-friendly opportunity while still being influenced by wider market trends.
Residential Energy Tax Credit Per Tax Return in Edmonson County, KY Over the Last 7 Years
Edmonson County, Kentucky has experienced fluctuations in the average residential energy tax credit per tax return over the last seven years. While peak values included $400.00 in 2015, the incentives have generally hovered between $227.27 and $300.00 in other years, indicating sporadic investment in energy-efficient home improvements. This variability can provide useful insights for investors, appraisers, insurance agents, and real estate professionals assessing the local market's sustainability trends and potential for energy-efficient property development. Those considering moving to Edmonson County might find periodic increases in these tax credits a signal of the community's evolving focus on greener living.
Average Real Estate Taxes Per Tax Return in Edmonson County, KY Over the Last 10 Years
Over the past decade, Edmonson County, Kentucky has seen a substantial increase in real estate taxes per tax return, escalating from $1,128.75 in 2012 to a peak of $2,411.11 in 2020, before a slight dip to $2,290.00 in 2021. This upward trajectory may signal strong growth potential and rising property values, appealing to investors and real estate agents. However, the higher taxes could also influence homeowners' insurance premiums and property appraisals, making thorough assessments essential for those looking to move to or build in the area.
Percentage of Farm Returns in Edmonson County, KY Over the Last 10 Years
In Edmonson County, Kentucky, farm tax returns have shown a general downward trend over the last decade, starting at approximately 15.68% in 2012 and dipping to around 12.13% by 2021. While there was a slight uptick in 2017 to about 13.99%, the overall decline reflects potential changes in the agricultural economy or farming practices within the county. For investors, developers, or new residents, understanding this trend is crucial for making informed decisions about property investments or business opportunities in agricultural sectors.
Number of Mortgages by Occupancy Type in Edmonson County, KY Over the Last 5 Years in Edmonson County
The fluctuating number of mortgages for investment properties and second residences in Edmonson County, Kentucky might indicate changing investment sentiment and second-home market dynamics over the last five years. Principal residences consistently lead, but the peaks in 2020 and 2021 could reflect attractive mortgage rates or favorable economic policies. Industry stakeholders such as investors, appraisers, and real estate agents need to be mindful of these trends when assessing housing demand and property valuations. This information can also help insurance agents and builders anticipate the market's appetite for different types of properties in this region.
Economic Outlook
Edmonson County, Kentucky has seen a steady rise in average taxable income per tax return, jumping from $37,666.88 in 2013 to $51,778.69 by 2021. This could indicate a growing economy and higher wage levels, making it potentially attractive for investors and property developers. Meanwhile, state and local income taxes have also risen, peaking in 2020 at $8,537.50 before slightly dipping to $7,455.56 in 2021. This increasing tax burden might influence long-term financial decisions for both... Read more
Average Taxable Income per Tax Return in Edmonson County, KY over the last 9 years
Edmonson County, Kentucky has experienced a steady increase in average taxable income per tax return over the past nine years, starting at $37,666.88 in 2013 and climbing to $51,778.69 by 2021. This upward trend may suggest a growing local economy or increasing wage levels, making the region potentially attractive for investors, property developers, and real estate agents. For appraisers and insurance agents, the rising incomes could correlate with higher property values and changing risk assessments. This growth in average income can also be a significant factor for those considering a move to Edmonson County, indicating economic stability and enhancing its appeal as a residential area.
Average State and Local Income Taxes Per Tax Return in Edmonson County, KY Over the Last 10 Years
Edmonson County, Kentucky has experienced a notable rise in state and local income taxes per tax return over the last decade. From a modest $4,617.28 in 2012, there's been a steady climb with a significant peak in 2020 at $8,537.50. Although there was a slight drop to $7,455.56 in 2021, the overall trend indicates increasing tax burdens, which could impact decisions for investors and prospective residents considering long-term financial commitments in the area.
Average Total Tax Liability Per Tax Return in Edmonson County, KY Over the Last 10 Years
Edmonson County, Kentucky has seen an upward trend in its average total tax liability per tax return over the past decade. In 2012, the average liability was around $4,267.18, gradually increasing to approximately $6,114.50 by 2021. Significant jumps occurred around 2015 and 2017, peaking again in 2020 and 2021. Potential investors or residents might find this trend indicative of economic growth or increasing property values, which could signal a strengthening local economy but also higher taxes.
Cost of Living in Edmonson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $884 | $1,404 | $1,857 | $1,179 | $1,172 |
| 1 adult 4 children | $884 | $1,146 | $1,420 | $1,179 | $1,236 |
| 2 adults 3 children | $884 | $1,147 | $1,612 | $1,179 | $956 |
| 1 adult 3 children | $884 | $936 | $1,174 | $1,179 | $958 |
| 2 adults 2 children | $706 | $939 | $1,366 | $1,025 | $843 |
| 1 adult 2 children | $706 | $701 | $929 | $1,025 | $751 |
| 2 adults 1 child | $706 | $742 | $1,121 | $525 | $777 |
| 1 adult 1 child | $706 | $479 | $683 | $525 | $639 |
| 2 adults | $594 | $596 | $875 | $0 | $670 |
| 1 adult | $554 | $325 | $438 | $0 | $552 |
Safety trends & Data
Between 2018 and 2022, Edmonson County, Kentucky saw fluctuations in property crimes, with larceny-theft peaking at 8.0 cases in 2022. Minimal but steady burglary and fraud cases, alongside a drop in forgery and counterfeiting from 6.0 cases in 2018 to just 1.0 cases, and the disappearance of motor vehicle theft by 2022, could suggest shifting crime patterns. This might be a critical factor for potential investors, real estate developers, or future residents weighing the area's safety and... Read more
Property Crime Trends in Edmonson County, KY Over the Last 5 Years
Between 2018 and 2022, Edmonson County, Kentucky has seen fluctuations in various property crimes. Notably, incidents of larceny-theft have remained relatively high, peaking at 8.0 cases in 2022. Burglary and fraud cases have remained minimal but steady, while forgery and counterfeiting dropped from 6.0 cases in 2018 to just 1.0 each in recent years. Motor vehicle theft surfaced in 2020 and 2021 but disappeared by 2022. This overall pattern might suggest a shift in the types of property crimes and could be a crucial factor for potential investors, real estate developers, and those considering moving to the area.
Demographics
In Edmonson County, Kentucky, the gender split is nearly even with a slight edge towards females. When it comes to education, a significant portion of the population has just a high school diploma, and fewer individuals hold bachelor's or advanced degrees, suggesting potential areas for educational improvement. The age distribution reveals a balanced spread across all age groups, peaking slightly among the 45 to 64 age brackets. Racially, the county is predominantly White, with very minimal... Read more
Race Distribution in Edmonson County, Kentucky (2022)
Educational Attainment in Edmonson County, Kentucky (2022)
Age Distribution in Edmonson County, Kentucky
Citizen Population in Edmonson County, Kentucky (2022)
Political Trends & Data
Edmonson County, Kentucky, displayed a marked preference for the Republican party in the 2020 U.S. Presidential Election, possibly suggesting a strong conservative leaning. The Democratic party trailed significantly, likely signifying limited local competition. Minor parties such as the Libertarians exhibited minimal impact, indicating a political environment predominantly controlled by the two major... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Edmonson County, Kentucky, the voting trends in the 2020 U.S. Presidential Election appeared to heavily favor the Republican party, which might be indicative of the county's conservative leaning. The Democratic party garnered significantly fewer votes, potentially reflecting a lack of competitive presence locally. Minor parties like the Libertarians and others showed minimal influence, possibly highlighting a political landscape dominated by the two major parties.
78.75% of voters voted for the Republican party in the 2020 Presidential Election
20.01% of voters voted for the Democrat party in the 2020 Presidential Election
0.98% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Edmonson County, Kentucky, the student-to-teacher ratio has fluctuated over the past decade, hitting a high of just over 17 in 2019 before dropping to around 15 recently. With the national average sitting at 14, this higher ratio might affect class sizes and educational quality, which could, in turn, impact property values and community interest. For prospective movers or investors, these shifts provide valuable insights into local education policies and resources, potentially influencing... Read more
Student-to-teacher ratio in Edmonson County, Kentucky over the last 10 years
In the past decade, Edmonson County, Kentucky has seen fluctuations in its student-to-teacher ratio, peaking at just over seventeen in 2019 before decreasing to around fifteen in recent years. This ratio remained above the national average of fourteen, impacting class sizes and potentially affecting the quality of education. For those considering moving to or investing in Edmonson County, understanding these trends can offer insights into local education policies and resource allocation. Changes in these ratios may influence property values, community engagement, and overall desirability of the area.
