Grant County Real Estate and Livability Trends
Grant County, Kentucky has exhibited some intriguing real estate trends over the past decade. Average taxable income rose from approximately $42,633.69 in 2013 to nearly $56,862.04 by 2021, indicating a potentially stronger economic environment. Concurrently, median home values surged from $148,700 in 2021 to $173,600 in 2022, echoing broader state and nationwide trends. Property crime saw... Read more
Grant County Market Trends
Grant County's median home values jumped from $148,700 in 2021 to $173,600 in 2022, mirroring the upward trend seen in Kentucky and nationwide. Energy tax credits peaked notably in 2018 at $2,050.00, suggesting bursts of investment in energy-efficient home improvements. Real estate taxes also saw a rise, from $1,702.90 in 2012 to $2,985.71 in 2021, reflecting a growing property valuation. The... Read more
Median Value of Occupied Housing Units in Grant County, Kentucky Over the Last 8 Years
Grant County's median home values have seen an appreciable increase, with a notable jump from $148,700 in 2021 to $173,600 in 2022. Over the same period, the state of Kentucky's median home values show a similar upward trend, albeit starting from a lower base at $123,200 in 2015 and reaching $177,000 in 2022, which slightly outpaces Grant County's growth. Nationally, the trend aligns, with the U.S. median home values climbing from $125,500 in 2015 to $179,400 in 2022. For investors, potential homeowners, and current residents, this indicates a strong and healthy growth in property values in Grant County, though it still remains slightly below the national average, making it comparatively more affordable while still showing positive appreciation.
Residential Energy Tax Credit Per Tax Return in Grant County, KY Over the Last 9 Years
Grant County, Kentucky has seen significant fluctuations in its average residential energy tax credit per tax return over the past nine years, with a notable peak in 2018 at $2,050.00. This trend indicates that there could be sporadic, yet substantial investments in energy-efficient home improvements, which might appeal to prospective homeowners and real estate investors. The substantial credits could also be an enticing point for appraisers and insurance agents when evaluating properties, given the potential for reduced energy costs and enhanced home value.
Average Real Estate Taxes Per Tax Return in Grant County, KY Over the Last 10 Years
Grant County, Kentucky has seen a notable rise in real estate taxes over the past decade, with figures jumping from $1,702.90 in 2012 to $2,985.71 in 2021. This steady increase, particularly the significant leap between 2017 and 2018, could imply a growing property valuation in the area. For investors and property developers, this trend might suggest an increasingly favorable market for real estate investment. Real estate agents and appraisers may find this data useful for setting property values and advising clients accurately. Meanwhile, potential movers and current residents should be mindful of the rising costs when budgeting for homeownership and related expenses.
Percentage of Farm Returns in Grant County, KY Over the Last 10 Years
Percentage of farm tax returns in Grant County, Kentucky, has seen a consistent decline over the past decade, dropping from around 8.02% in 2012 to approximately 6.14% in 2021. This trend may offer insights into the agricultural economic landscape, pointing to a potential decrease in farm operations or shifts in the local economy. For those investing, moving, or developing property in the area, understanding these farm tax return trends could provide valuable context about the county's evolving economic priorities and challenges.
Number of Mortgages by Occupancy Type in Grant County, KY Over the Last 5 Years in Grant County
Grant County, Kentucky has seen fluctuating trends in mortgage numbers across different occupancy types over the last five years. Principal residences dominate, showing a notable rise in 2021 with 1,770 mortgages compared to 985 in 2018. Investment properties and second residences maintain a much smaller and relatively stable presence, though both peaked in 2020. Changes in occupancy type matter for investors and real estate agents as they indicate market stability and the potential for rental income or resale value. Appraisers and insurance agents need this data for accurate risk assessment and policy pricing, while future residents and builders can gauge housing demand and community composition.
Economic Outlook
Over the past decade, Grant County, Kentucky has seen a notable rise in average taxable income per tax return, from roughly $42,633.69 in 2013 to about $56,862.04 by 2021. This growth points to a strengthening economic environment that could attract investors and new residents. However, the steady climb in average state and local income taxes—from $4,992.34 in 2012 to $10,326.32 in 2021—reflects increasing fiscal pressures or rising income levels, impacting disposable income and cost of... Read more
Average Taxable Income per Tax Return in Grant County, KY over the last 9 years
Over the past nine years, Grant County, Kentucky has exhibited a steady increase in average taxable income per tax return, beginning at approximately $42,633.69 in 2013 and rising to about $56,862.04 by 2021. This upward trajectory suggests a growing economic environment, which could be attractive for potential investors and those considering moving to the area. Such a trend might be valued by appraisers and insurance agents to predict property values and risk, as higher incomes often correlate with increased consumer spending and demand for housing and services. This economic vitality may also appeal directly to real estate agents and property developers seeking to capitalize on the region's growth.
Average State and Local Income Taxes Per Tax Return in Grant County, KY Over the Last 10 Years
Over the past decade, Grant County, Kentucky, has seen a significant rise in average state and local income taxes per tax return, jumping from $4,992.34 in 2012 to $10,326.32 in 2021. This steady climb, particularly the sharp spike between 2017 and 2021, suggests increasing fiscal pressures or higher income levels, which could influence decisions for potential investors or residents. Understanding these taxation trends is crucial for anyone planning financially, as the rise in taxes might impact disposable income and cost of living.
Average Total Tax Liability Per Tax Return in Grant County, KY Over the Last 10 Years
Grant County, Kentucky's average total tax liability per tax return has shown a general upward trend over the past decade, rising from approximately $5149.51 in 2012 to about $7287.90 in 2021. This steady increase may suggest economic growth or higher earnings among residents, but it could also indicate changes in tax policy or cost of living adjustments. For potential investors or new residents, these figures may be indicative of a prospering area with evolving financial dynamics.
Cost of Living in Grant County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,160 | $1,210 | $2,189 | $1,218 | $1,289 |
| 1 adult 4 children | $1,160 | $989 | $1,676 | $1,218 | $1,331 |
| 2 adults 3 children | $1,160 | $989 | $1,898 | $1,218 | $1,040 |
| 1 adult 3 children | $1,160 | $807 | $1,385 | $1,218 | $1,087 |
| 2 adults 2 children | $916 | $809 | $1,608 | $1,072 | $914 |
| 1 adult 2 children | $916 | $605 | $1,095 | $1,072 | $839 |
| 2 adults 1 child | $916 | $640 | $1,317 | $598 | $856 |
| 1 adult 1 child | $916 | $413 | $804 | $598 | $717 |
| 2 adults | $811 | $514 | $1,026 | $0 | $733 |
| 1 adult | $614 | $280 | $513 | $0 | $567 |
Safety trends & Data
Grant County, Kentucky has seen fluctuating property crime trends over the last five years. Burglary arrests have gradually decreased, starting at 11 in 2018 and dropping to 5 by 2022. Larceny-Theft arrests saw a significant decline from 31 in 2018 to just 2 in 2022, while Vandalism peaked at 13 in 2022. These shifts may be due to evolving law enforcement strategies or changes in community dynamics. Such trends could influence property values and insurance considerations for real estate... Read more
Property Crime Trends in Grant County, KY Over the Last 5 Years
Grant County, Kentucky has exhibited fluctuating property crime trends over the last five years. Burglary arrests have gradually decreased, starting at 11 in 2018 and dropping to 5 by 2022. Meanwhile, arrests for Larceny-Theft have seen a significant decline from 31 in 2018 to just 2 in 2022. Vandalism shows a more volatile pattern, rising to a peak of 13 in 2022. Stolen Property offenses have varied without a clear trend. These shifts might signal evolving law enforcement strategies or changes in community dynamics. For prospective investors and real estate professionals, these crime trends could impact property values and insurance considerations.
Demographics
Grant County, Kentucky, reveals an almost balanced gender distribution among adults, with males slightly outnumbering females. The county shows a dominant presence of high school graduates, yet there's a significant portion of the population without a high school diploma, potentially influencing the local workforce dynamics. A notable distribution in age groups suggests a steady population spread, though there appears to be a more considerable number of residents between 25 to 54 years old.... Read more
Race Distribution in Grant County, Kentucky (2022)
Educational Attainment in Grant County, Kentucky (2022)
Age Distribution in Grant County, Kentucky
Citizen Population in Grant County, Kentucky (2022)
Political Trends & Data
Grant County, Kentucky, displayed a strong Republican preference in the 2020 U.S. Presidential Election, with possibly over 75% voter support for the GOP. Democrats appeared to gain only about 20% of the vote, while minor parties collectively might have secured less than 2%. These figures suggest a substantial conservative leaning in the county, potentially influencing the area's political landscape and future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Grant County in Kentucky exhibited a striking preference for the Republican party in the 2020 U.S. Presidential Election, with possibly more than three-quarters of voters supporting the GOP. Democrats seemed to have struggled, barely nearing one-fifth of the votes. Minor parties, including Libertarians and others, might have collectively captured less than 2% of the vote, emphasizing the county's significant lean towards conservative values. This trend may hint at broader regional dynamics and political leanings that could shape future elections.
78.56% of voters voted for the Republican party in the 2020 Presidential Election
19.85% of voters voted for the Democrat party in the 2020 Presidential Election
1.25% of voters voted for the Livertarian party in the 2020 Presidential Election
0.33% of voters voted for the Other party in the 2020 Presidential Election
School Data
Grant County, Kentucky has experienced a notable reduction in its student-to-teacher ratio, dropping from 31 students per teacher in 2014 to about 18 in 2023. This trend could imply improved educational resources, making it more appealing for families moving in, real estate investors, and appraisers. With the current ratio getting closer to the national average of 14, Grant County may now offer a more competitive educational experience, impacting local housing and education markets... Read more
Student-to-teacher ratio in Grant County, Kentucky over the last 10 years
Grant County, Kentucky has seen a significant reduction in its student-to-teacher ratio over the past decade, dropping from 31 students per teacher in 2014 to approximately 18 in 2023. While the ratio showed the most substantial decrease between 2014 and 2016, it has hovered around 18 students per teacher for the past five years. This trend may suggest improved educational resources and possibly a better learning environment, which could be compelling for families considering a move, investors in real estate, and appraisers assessing property values. The current ratio is closer to the national average of 14 students per teacher, signaling that Grant County may now offer a more competitive educational experience compared to past years, which is an important consideration for stakeholders in the local housing and education markets.
