Estill County Real Estate and Livability Trends
Estill County, Kentucky, has seen a notable rise in average taxable income per tax return, growing from around $35,867.78 in 2013 to approximately $46,982.50 by 2021, potentially signaling a strengthening local economy. State and local income taxes have nearly doubled over the past decade, highlighting broader economic changes. Home values have steadily increased from $71,400 in 2015 to $100,600... Read more
Estill County Market Trends
Over the past 8 years, Estill County, Kentucky has seen a rise in median home values from $71,400 in 2015 to $100,600 in 2022, though still behind state and national increases. Notable is the sharp uptick in average residential energy tax credits per return, which surged to $2,750.00 in 2021, hinting at heightened interest in energy-efficient home improvements. Real estate taxes grew... Read more
Median Value of Occupied Housing Units in Estill County, Kentucky Over the Last 8 Years
Over the past 8 years, Estill County, Kentucky has seen a significant increase in median home values, rising from $71,400 in 2015 to $100,600 in 2022. Compared to the statewide median, which grew from $123,200 to $177,000 in the same period, Estill County's growth, while substantial, trails behind. When contrasted with the national median value, which jumped from $125,500 to $179,400, Estill County still lags, suggesting it may be an appealing option for those seeking more affordable housing within Kentucky. For investors or prospective homeowners, Estill County represents a potentially undervalued market with room for growth, compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Estill County, KY Over the Last 7 Years
Over the past seven years in Estill County, Kentucky, there's been a notable upward trend in the average residential energy tax credit per tax return. Starting at $250.00 in 2013, the credits saw some fluctuations but took a significant leap by 2020, reaching $975.00. The most dramatic increase occurred in 2021 with the credit skyrocketing to $2,750.00. This sharp rise might suggest increasing investment in energy-efficient home improvements or shifts in policy incentives, making it a potentially attractive location for those prioritizing sustainable living and energy savings when planning to move, build, or invest in property.
Average Real Estate Taxes Per Tax Return in Estill County, KY Over the Last 10 Years
Over the past decade, Estill County, Kentucky has experienced notable fluctuations in average real estate taxes per tax return. These taxes saw a significant increase from $1,401.37 in 2012 to a peak of $2,644.44 in 2021. The most striking rise occurred between 2017 and 2018, jumping from $1,530.00 to $2,318.18, indicating a potential shift in property values or tax policies. This trend might interest investors and property developers considering the region, as well as appraisers and real estate agents tracking market behaviors.
Percentage of Farm Returns in Estill County, KY Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Estill County, Kentucky has seen a general decline, starting at 7.58% in 2012 and dipping to 6.05% by 2021. These figures suggest a gradual decrease in farming activities being reported for tax purposes. For those looking to invest in or develop property in the area, this could imply shifting land use and possibly a decrease in agricultural investment opportunities. The trend might also be a clue to broader economic and lifestyle changes affecting the county's demographics.
Number of Mortgages by Occupancy Type in Estill County, KY Over the Last 5 Years in Estill County
In Estill County, Kentucky, the number of mortgages for principal residences has seen a slight but consistent rise over the past five years, peaking at 452 in 2022 from 305 in 2018. Investment properties also show modest growth, with figures inching up to 15 mortgages in 2022 from 11 in 2018. Second residences, however, remain relatively insignificant, fluctuating minimally. For investors, increasing mortgage counts for principal residences suggest stable demand for housing. This trend could positively influence property values, potentially lowering investment risk. For appraisers and insurance agents, these shifts inform market assessments and risk evaluations. Real estate agents might find opportunities in the growing principal residence segment, indicating robust local interest in homeownership. Understanding these dynamics helps stakeholders navigate decisions in Estill County’s evolving housing market.
Economic Outlook
Estill County, Kentucky has recorded a steady rise in average taxable income per tax return, growing from around $35,867.78 in 2013 to approximately $46,982.50 by 2021. This trend could hint at a strengthening local economy, which may be of interest to investors and potential residents. Additionally, both state and local income taxes per tax return have nearly doubled over the past decade, from $5,418.31 in 2012 to $9,155.56 in 2021, indicating broader tax and economic policy changes. Higher... Read more
Average Taxable Income per Tax Return in Estill County, KY over the last 9 years
Estill County, Kentucky has seen a steady increase in average taxable income per tax return over the last nine years. Starting at approximately $35,867.78 in 2013, the income figures have shown notable growth each year, reaching around $46,982.50 by 2021. This trend may suggest a gradually strengthening local economy, which could be of particular interest to prospective investors, real estate agents, and individuals considering moving to or developing property in the area. The upward trajectory in taxable income could imply enhanced economic opportunities and potentially a stable environment for long-term financial planning.
Average State and Local Income Taxes Per Tax Return in Estill County, KY Over the Last 10 Years
Estill County, Kentucky has seen a notable increase in average state and local income taxes per tax return over the past decade, starting from $5,418.31 in 2012 and nearly doubling to $9,155.56 by 2021. This trend reflects broader tax policy changes and economic shifts within the region. Investing in real estate or starting a business here now requires a deeper understanding of these escalating tax obligations.
Average Total Tax Liability Per Tax Return in Estill County, KY Over the Last 10 Years
Over the past decade, Estill County, Kentucky has seen a gradual increase in the average total tax liability per tax return, rising from approximately $4,020.75 in 2012 to around $5,701.23 in 2021. This upward trajectory could imply a growing economic base or higher income levels among residents, though it may also signify increased tax rates. For potential investors or property developers, this suggests a shifting economic landscape that warrants careful consideration.
Cost of Living in Estill County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $903 | $1,375 | $1,752 | $1,056 | $1,049 |
| 1 adult 4 children | $903 | $1,123 | $1,339 | $1,056 | $1,076 |
| 2 adults 3 children | $903 | $1,124 | $1,520 | $1,056 | $850 |
| 1 adult 3 children | $903 | $917 | $1,108 | $1,056 | $843 |
| 2 adults 2 children | $742 | $920 | $1,288 | $916 | $772 |
| 1 adult 2 children | $742 | $687 | $876 | $916 | $671 |
| 2 adults 1 child | $742 | $727 | $1,057 | $461 | $726 |
| 1 adult 1 child | $742 | $470 | $644 | $461 | $599 |
| 2 adults | $564 | $584 | $825 | $0 | $621 |
| 1 adult | $538 | $319 | $412 | $0 | $524 |
Safety trends & Data
Estill County, Kentucky has experienced some noteworthy shifts in property crime over the past five years. Burglary incidents notably rose to 9 in 2022 from just 1 in 2020, and motor vehicle thefts saw a significant uptick in 2020, increasing to 7 incidents from 1 in 2019. Crimes involving stolen property peaked with 8 incidents in 2020. These fluctuations may suggest dynamic changes in criminal activity or reporting practices, which could be vital information for real estate agents, insurers,... Read more
Property Crime Trends in Estill County, KY Over the Last 5 Years
Estill County, Kentucky has seen fluctuating property crime trends over the past five years, with notable increases in specific categories. While burglary incidents spiked to 9 in 2022 from a low of 1 in 2020, motor vehicle theft showed a considerable increase in 2020 with 7 incidents, compared to 1 in 2019. Crimes involving stolen property saw a peak in 2020 with 8 incidents. These variations could suggest shifting criminal activity patterns or changes in enforcement and reporting practices. This context is critical for real estate agents, insurers, and anyone considering investments or relocations, highlighting possible risk factors that might affect property values and insurance premiums.
Demographics
Estill County, Kentucky exhibits a balanced gender distribution among its adult population, with a slight female predominance. The educational attainment data reveals a substantial portion of residents holding a high school diploma or less, suggesting potential opportunities for further educational advancement within the community. The age distribution highlights a significant concentration of residents aged 45 and older, which could impact services and infrastructure aimed at middle-aged and... Read more
Race Distribution in Estill County, Kentucky (2022)
Educational Attainment in Estill County, Kentucky (2022)
Age Distribution in Estill County, Kentucky
Citizen Population in Estill County, Kentucky (2022)
Political Trends & Data
In Estill County, Kentucky, the 2020 U.S. Presidential Election indicated a strong Republican preference, capturing roughly 78% of the vote. Democrats managed about 21%, and third parties showed minimal influence. This GOP dominance hints at a largely conservative voter base with minimal sway for alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Estill County, Kentucky, the 2020 U.S. Presidential Election results show a strong leaning towards the Republican party, with approximately 78% of the vote. Democrats captured about 21%, reflecting a significant yet modest presence. Third parties like the Libertarians had a minimal impact, garnering less than 1% of the vote. This suggests a predominantly conservative voter base in the county, with limited traction for alternative political parties.
78.01% of voters voted for the Republican party in the 2020 Presidential Election
20.72% 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
0.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Estill County, Kentucky has witnessed significant changes in its student-to-teacher ratio over the past ten years. The ratio peaked at 18 in 2020 but has since decreased to hover around 14 in 2021 and 2022, aligning more closely with the national average. This shift suggests an effort to improve educational engagement, potentially boosting property values and living conditions. Such trends might attract investors and families, signaling a positive shift in community investability and... Read more
Student-to-teacher ratio in Estill County, Kentucky over the last 10 years
Estill County, Kentucky has seen noticeable fluctuations in its student-to-teacher ratio over the past decade. While the ratio spiked to 18 in 2020, recent years have brought it down closer to the national average of 14 students per teacher, hovering at around 14 in 2021 and 2022. This indicates an effort towards better educational engagement, which could enhance property values and living conditions, making it appealing for potential investors and families considering relocation. For appraisers and insurance agents, these trends could reflect a positive shift in community investability and educational quality.
