Fulton County Real Estate and Livability Trends
Fulton County, Kentucky, is experiencing a notable climb in median home values, now at $75,000 in 2022, making it a more affordable option compared to broader trends. Despite rising real estate taxes and a significant drop in energy tax credits, the market appears stable, with most mortgages being for principal residences. The area's improving student-to-teacher ratio could amplify its appeal to... Read more
Fulton County Market Trends
Median home values in Fulton County, Kentucky, have seen a steady rise from $61,000 in 2015 to $75,000 in 2022, a slower appreciation compared to state and national trends. While the area's real estate market suggests greater affordability and potentially more stable investment opportunities, energy tax credits per tax return have notably dropped from $650.00 in 2013 to $333.33 in 2016, possibly... Read more
Median Value of Occupied Housing Units in Fulton County, Kentucky Over the Last 8 Years
Over the last eight years, the median home values in Fulton County, Kentucky have shown a gradual increase from $61,000 in 2015 to $75,000 in 2022. This local growth, albeit more moderate, is contrasted against broader trends where Kentucky's median home values rose from $123,200 to $177,000 and national values surged from $125,500 to $179,400 in the same period. These figures suggest that while Fulton County remains more affordable, its housing market is appreciating at a slower pace compared to state and national levels, potentially offering a more stable investment opportunity with less volatility.
Residential Energy Tax Credit Per Tax Return in Fulton County, KY Over the Last 2 Years
Over the past two years, Fulton County, Kentucky has seen a notable fluctuation in the average residential energy tax credit per tax return, dropping from $650.00 in 2013 to approximately $333.33 in 2016. This trend might hint at decreasing investments in energy-efficient home upgrades among residents. Such a shift could be of interest to those considering property investments, as energy efficiency can impact both home values and future utility costs.
Average Real Estate Taxes Per Tax Return in Fulton County, KY Over the Last 8 Years
Real estate taxes in Fulton County, Kentucky have shown a gradual increase over the past eight years, with a significant jump in 2019 reaching $1600.00 per tax return. Despite some fluctuations, this trend could indicate the area's evolving market dynamics. For potential investors, real estate agents, or those considering a move to the county, this data suggests a changing economic landscape, affecting property values and potentially pointing to increased demand or local government adjustments. Notably, insurance agents and appraisers should also consider these trends when evaluating property-related risks and values.
Percentage of Farm Returns in Fulton County, KY Over the Last 10 Years
Farm tax returns in Fulton County, Kentucky have shown some moderate fluctuations over the last decade. The percentage of returns peaked in 2013 at around 5.46%, while the lowest point was in 2015 with approximately 3.80%. Despite these ups and downs, the trend appears relatively stable with small variances. For potential investors, property builders, or residents, understanding these figures might hint at the agricultural health and investment opportunities in the county. Farm tax returns essentially reflect the number of individuals or entities reporting farming income and expenses, offering insights into the local agrarian economy.
Number of Mortgages by Occupancy Type in Fulton County, KY Over the Last 5 Years in Fulton County
Fulton County, Kentucky has shown the highest counts for mortgages associated with principal residences over the last five years, peaking at 114 in 2020 and 2021. Investment property mortgages have fluctuated but generally remained low, hitting a high of nine in 2020. Second residence mortgages are the least common, exhibiting inconsistent trends. These shifts could impact real estate opportunities, dictating market demand and influencing property valuations. For investors and real estate agents, understanding these variations aids in targeting the right types of buyers. Insurance agents and appraisers might note changes in risk profiles and property assessments based on the dominant occupancy type, affecting policy pricing and market analysis.
Economic Outlook
Fulton County, Kentucky has seen a consistent rise in average taxable income per tax return, reaching $47,485.20 in 2021, which could imply a strengthening local economy. Interestingly, state and local income taxes have fluctuated, peaking at $8,766.67 in 2021 after a low point in 2019, affecting financial planning and investment stability. The average total tax liability has also generally increased since its lowest point in 2018, signalling higher incomes or shifting tax policies—crucial... Read more
Average Taxable Income per Tax Return in Fulton County, KY over the last 9 years
Fulton County, Kentucky has seen a gradual rise in average taxable income per tax return over the past nine years, culminating in $47,485.20 in 2021. This suggests an overall trend of increasing earnings, which could imply a strengthening local economy. For potential investors and real estate agents, this uptick may indicate growing purchasing power within the community, thereby potentially raising property values. For appraisers and insurance agents, this growth might be a signal of increased demand for housing, renovations, and higher valuation properties in the area.
Average State and Local Income Taxes Per Tax Return in Fulton County, KY Over the Last 10 Years
Fulton County, Kentucky has seen fluctuating state and local income taxes over the past decade, peaking at $8,766.67 in 2021. The lowest point was in 2019 at $5,025.00, highlighting a significant variability in tax liabilities. This variability can impact financial planning for residents and potential investors assessing stability and long-term obligations. The noticeable increase in recent years may affect the area's appeal to those considering property investment or relocation to the region.
Average Total Tax Liability Per Tax Return in Fulton County, KY Over the Last 10 Years
Fulton County, Kentucky has seen some fluctuations in the average total tax liability per tax return over the past decade. Notably, there was a dip in 2018, where it dropped to $4,958.21, its lowest in the period, but it has generally been rising since then, reaching $6,926.11 in 2021. This trend might suggest increasing incomes or changing tax policies and could be of interest to prospective investors or new residents analyzing financial landscapes.
Cost of Living in Fulton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,032 | $1,231 | $1,746 | $1,012 | $1,002 |
| 1 adult 4 children | $1,032 | $1,005 | $1,335 | $1,012 | $1,035 |
| 2 adults 3 children | $1,032 | $1,005 | $1,515 | $1,012 | $823 |
| 1 adult 3 children | $1,032 | $821 | $1,104 | $1,012 | $816 |
| 2 adults 2 children | $742 | $823 | $1,284 | $878 | $708 |
| 1 adult 2 children | $742 | $615 | $873 | $878 | $608 |
| 2 adults 1 child | $742 | $650 | $1,053 | $442 | $675 |
| 1 adult 1 child | $742 | $420 | $642 | $442 | $556 |
| 2 adults | $635 | $522 | $822 | $0 | $606 |
| 1 adult | $538 | $285 | $411 | $0 | $493 |
Safety trends & Data
Over the last five years in Fulton County, Kentucky, property crime trends have fluctuated, with larceny-theft seeing significant spikes in 2019 ($32.00) and 2022 ($21.00). Burglary cases also peaked in 2022 ($13.00). Meanwhile, embezzlement, arson, and vandalism occurred minimally, hinting at possibly tighter controls. This data could be valuable for property investors and developers in gauging the local crime environment for insurance and investment... Read more
Property Crime Trends in Fulton County, KY Over the Last 5 Years
Over the last five years in Fulton County, Kentucky, property crime trends fluctuated notably, with larceny-theft seeing significant spikes, particularly in 2019 (32.00) and 2022 (21.00). This could suggest varying economic conditions or law enforcement focus during these years. Burglary cases also showed peaks, especially in 2022 (13.00). On a smaller scale, embezzlement, arson, and vandalism occurred but with minimal frequency, hinting at possibly tighter controls or lower opportunities for these offenses. The data could be valuable to those contemplating property investments, insurance considerations, or real estate developments in understanding the local crime environment.
Demographics
Fulton County, Kentucky, appears to have a balanced gender distribution with nearly equal numbers of males and females. The age distribution indicates a generally aging population, with significant numbers in the 55 to 64 years and 65 to 74 years categories. Education levels vary, but a considerable proportion hold a high school diploma with a notable smaller share achieving higher education degrees. The racial distribution suggests a predominantly White population but with a notable presence... Read more
Race Distribution in Fulton County, Kentucky (2022)
Educational Attainment in Fulton County, Kentucky (2022)
Age Distribution in Fulton County, Kentucky
Citizen Population in Fulton County, Kentucky (2022)
Political Trends & Data
Fulton County, Kentucky, likely exhibits a robust political lean towards the Republican party, with approximately 66% of votes potentially favoring GOP candidates in the 2020 U.S. Presidential Election. Democrats possibly secured around 33%, while Libertarians and minor parties seemed to collectively account for less than 1%. This trend can provide insights into the local electorate’s preferences and could impact future political strategies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Fulton County, Kentucky, showed a strong leaning toward the Republican party in the 2020 U.S. Presidential Election, with roughly 66% of the vote possibly going to GOP candidates. Democrats garnered around 33% of votes, while other parties like the Libertarians and minor groups collectively made up less than 1%. This distribution might reflect the political landscape and voter preferences in this part of Kentucky.
66.29% of voters voted for the Republican party in the 2020 Presidential Election
32.67% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% 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
Fulton County, Kentucky's student-to-teacher ratio has varied significantly, dropping from a high of about 16 students per teacher in 2018 to roughly 13 by 2023. This lower ratio, now below the national average of 14, might suggest a higher quality of education, making the area more appealing to families. Such educational metrics could positively influence property valuations, offering a compelling angle for real estate agents and... Read more
Student-to-teacher ratio in Fulton County, Kentucky over the last 10 years
Fulton County, Kentucky has seen notable fluctuations in the student-to-teacher ratio over the last decade, peaking at about 16 students per teacher in 2018 and dropping to approximately 13 students per teacher by 2023. This variation is of particular interest for those investing in or considering building property in the area, as lower ratios often indicate a potentially higher quality of education which can be a significant draw for families. The county's current ratio of 13 students per teacher is below the national average of 14, a promising indicator for real estate agents to pitch the area's attractiveness to prospective buyers. Meanwhile, insurance agents and appraisers might find that these educational statistics could impact property valuations positively.
