Fleming County Real Estate and Livability Trends
Fleming County, Kentucky has witnessed a steady rise in average taxable income per tax return from $37,789.06 in 2013 to $49,968.70 in 2021, potentially making it attractive for real estate investors and new residents. Median home values have grown modestly from $86,700 in 2015 to $109,300 in 2022, appealing to investors looking for affordable market entry points. The area has improved its... Read more
Fleming County Market Trends
Fleming County's housing market has shown fluctuating yet upward trends, with the median home value growing from $86,700 in 2015 to $109,300 in 2022. This modest appreciation might be appealing for investors looking for affordable entry points while still benefiting from the general upward momentum in property values. Residential energy tax credits in the county have varied significantly,... Read more
Median Value of Occupied Housing Units in Fleming County, Kentucky Over the Last 8 Years
Fleming County's housing market has shown fluctuating yet upward trends in median values, particularly since the pandemic. Over the past eight years, the median home value grew from $86,700 in 2015 to $109,300 in 2022. This represents a more modest increase compared to Kentucky's state-wide median, which climbed from $123,200 to $177,000 in the same period, and the national figures rising from $125,500 to $179,400. Investors and residents might find this relatively slower appreciation in Fleming County appealing since it could signal more affordable entry points while still benefiting from the general upward momentum in property values.
Residential Energy Tax Credit Per Tax Return in Fleming County, KY Over the Last 7 Years
Residential energy tax credits in Fleming County, Kentucky have seen significant fluctuations over the past seven years, with notable spikes in 2014 and 2019, reaching averages of $788.89 and $1,550.00 per tax return, respectively. This variability might indicate changing incentives or adoption rates for energy-efficient home improvements among residents. For potential investors, homeowners, and real estate agents, this trend could suggest a growing awareness and adoption of energy efficiency measures in the area, which might influence property values and market dynamics.
Average Real Estate Taxes Per Tax Return in Fleming County, KY Over the Last 10 Years
Over the last decade, Fleming County, Kentucky has experienced a noticeable increase in average real estate taxes per tax return. Starting at $1,129.03 in 2012, the figures reflect a steady rise, peaking at $2,200.00 in 2020. This data could signal tightening tax policies or rising property values, likely impacting decisions for potential investors, property developers, appraisers, and insurance agents. The climb in taxes might be an indicator of economic growth, but also a potential concern for residents and those planning to move into the area.
Percentage of Farm Returns in Fleming County, KY Over the Last 10 Years
Farm tax returns in Fleming County, Kentucky have generally hovered around the 18% to 19% mark over the past decade, with a slight downward trend. In 2012, the percentage was approximately 18.58%, then saw minor fluctuations but ultimately decreased to around 16.36% in 2021. Farm tax returns can be viewed as an indicator of the agricultural activity and economic health of the rural sector. For those considering investment opportunities or the viability of agricultural ventures in Fleming County, these trends suggest a stable but gradually waning engagement in farm-related tax filings.
Number of Mortgages by Occupancy Type in Fleming County, KY Over the Last 5 Years in Fleming County
In Fleming County, Kentucky, the number of mortgages for principal residences has consistently been higher compared to investment properties and second residences, though there are some notable fluctuations. Over the past five years, there was a general upward trend in principal residence mortgages peaking in 2021, suggesting strong demand possibly driven by local economic conditions or population growth. Investment property mortgages also saw a slight increase, especially between 2018 and 2021, indicating potential opportunities for investors looking at rental income or property appreciation. The minimal numbers for second residences might suggest limited demand for vacation homes in the area. Understanding these trends can help investors, appraisers, and real estate professionals make informed decisions about market conditions and future property developments.
Economic Outlook
Fleming County, Kentucky has experienced a rise in average taxable income per tax return, from $37,789.06 in 2013 to $49,968.70 by 2021, potentially signifying an appealing and growing market for real estate investors and new residents. State and local income taxes have climbed from $4,925.26 in 2012 to $8,575.00 in 2021, highlighting changing financial dynamics that could affect cost of living and property values. The average total tax liability per tax return also increased, hitting $6,468.02... Read more
Average Taxable Income per Tax Return in Fleming County, KY over the last 9 years
Fleming County, Kentucky has seen a notable upward trend in average taxable income per tax return over the past nine years, increasing from approximately $37,789.06 in 2013 to around $49,968.70 in 2021. This consistent growth could suggest a rising economic vitality in the region, possibly attracting new residents and investors. For real estate agents, this may mean increased property values and more robust market activity. Appraisers and insurance agents might need to account for this trend when evaluating property values and setting premiums. Builders and developers could see this as a sign of a growing and potentially lucrative market.
Average State and Local Income Taxes Per Tax Return in Fleming County, KY Over the Last 10 Years
Over the past decade, Fleming County, Kentucky has seen a steady increase in average state and local income taxes per tax return, starting at $4,925.26 in 2012 and escalating to $8,575.00 in 2021. Notable spikes are seen post-2017, suggesting rising incomes and possibly economic growth in the region. This trend is significant for potential investors and residents as it indicates changing financial dynamics that could impact cost of living, property values, and overall investment attractiveness in this locale.
Average Total Tax Liability Per Tax Return in Fleming County, KY Over the Last 10 Years
Average total tax liability per tax return in Fleming County, Kentucky has shown an upward trend over the past decade, reaching $6,468.02 in 2021 compared to $4,415.76 in 2012. This suggests possible economic growth and increased earnings among residents, which could be attractive for potential investors and homebuyers looking for areas with growing incomes. However, the slight dip in 2018 could indicate variability, so prospective investors might want to consider the reasons behind such fluctuations.
Cost of Living in Fleming County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $927 | $1,279 | $1,612 | $1,113 | $989 |
| 1 adult 4 children | $927 | $1,044 | $1,231 | $1,113 | $1,028 |
| 2 adults 3 children | $927 | $1,045 | $1,399 | $1,113 | $814 |
| 1 adult 3 children | $927 | $853 | $1,019 | $1,113 | $816 |
| 2 adults 2 children | $742 | $855 | $1,187 | $967 | $738 |
| 1 adult 2 children | $742 | $639 | $806 | $967 | $648 |
| 2 adults 1 child | $742 | $676 | $974 | $493 | $699 |
| 1 adult 1 child | $742 | $437 | $593 | $493 | $589 |
| 2 adults | $619 | $543 | $761 | $0 | $616 |
| 1 adult | $538 | $296 | $381 | $0 | $518 |
Safety trends & Data
In Fleming County, Kentucky, burglary incidents fluctuate between one and seven annually with no clear trend, while larceny-theft remains relatively stable year-to-year. Vandalism peaked in 2018 but has since declined. These patterns suggest moderate risk levels, offering a nuanced picture for potential investors, real estate agents, and residents evaluating insurance or security... Read more
Property Crime Trends in Fleming County, KY Over the Last 5 Years
For potential investors, real estate agents, and residents, understanding property crime trends in Fleming County, Kentucky is key to assessing risks and making informed decisions. Over the last five years, burglary, typically fluctuating between one and seven incidents annually, shows no clear upward or downward trend. Larceny-theft, however, remains relatively consistent with slight year-to-year variances. Notably, vandalism peaked in 2018 before dropping in subsequent years. For those considering insurance or security investments, these insights could suggest moderate risk but no extraordinary spikes in crime.
Demographics
Fleming County, Kentucky, showcases a relatively balanced gender distribution among its adult population, with slightly more females than males. The county's educational attainment suggests a majority holding at least a high school diploma, but a notable chunk of residents have not pursued education beyond some college or an associate degree. Age distribution reflects an aging population with significant numbers in the 55-64 and under-10 age brackets. The racial makeup is predominantly White,... Read more
Race Distribution in Fleming County, Kentucky (2022)
Educational Attainment in Fleming County, Kentucky (2022)
Age Distribution in Fleming County, Kentucky
Citizen Population in Fleming County, Kentucky (2022)
Political Trends & Data
In Fleming County, Kentucky, the 2020 U.S. Presidential Election showed that the Republican candidate received around 78.3% of the vote, indicating a potential conservative leaning in the local population. The Democratic candidate managed only 20.9%, while third-party support was almost negligible. Such a voting distribution could reflect a predominantly right-leaning political climate in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Fleming County, Kentucky, the 2020 U.S. Presidential Election results suggested a strong preference for the Republican candidate, who garnered approximately 78.3% of the vote. The Democratic candidate appeared significantly less popular, securing about 20.9%. Support for third parties was minimal, with the Libertarian candidate receiving just over 0.5%, and other parties combined accounting for less than 0.3%. This voting pattern might indicate a solidly conservative electorate in this area.
78.32% of voters voted for the Republican party in the 2020 Presidential Election
20.86% of voters voted for the Democrat party in the 2020 Presidential Election
0.52% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
Fleming County, Kentucky has seen its student-to-teacher ratio decrease from 17 in 2015 to 14 in 2022, slightly under the national average. This trend suggests improving educational resources, which could make the area more attractive for investment, building, or relocation. Enhanced education quality might boost property appeal, and the trend could indicate a more stable community for both real estate and insurance... Read more
Student-to-teacher ratio in Fleming County, Kentucky over the last 10 years
Over the past decade, the student-to-teacher ratio in Fleming County, Kentucky has generally trended downward, from a high of 17 in 2015 to a recent low of 14 in 2022, slightly below the national average of 14 students per teacher. For those looking to invest, build, or move into the area, these ratios can indicate improving educational resources and potentially higher quality of education, making Fleming County notably attractive. Real estate agents and appraisers should consider that better student-to-teacher ratios might enhance property appeal, while insurance agents might see this as a sign of a more stable community.
