Grayson County Real Estate and Livability Trends
Grayson County, Kentucky has seen rising financial stability with average taxable income increasing to around $50,871.10 by 2021. This economic growth could drive real estate demand, but investors should be mindful of escalating taxes, with state and local income taxes nearly doubling to $10,320.00 in the same period. Median home values have steadily climbed from $95,500 in 2015 to $141,500 in... Read more
Grayson County Market Trends
Grayson County, Kentucky has experienced a steady rise in median home values from $95,500 in 2015 to $141,500 in 2022, still lagging behind the state and national averages but indicating potential for future appreciation and affordability. Energy tax credits have fluctuated, peaking at $876.92 in 2021. Real estate taxes have climbed from $1,098.19 in 2012 to $2,425.00 in 2021, reflecting rising... Read more
Median Value of Occupied Housing Units in Grayson County, Kentucky Over the Last 8 Years
Grayson County, Kentucky, has seen a steady increase in median home values over the past eight years, rising from $95,500 in 2015 to $141,500 in 2022. While this growth is significant, it still trails both the state and national averages. In contrast, Kentucky's median home values went from $123,200 in 2015 to $177,000 in 2022, and the national values climbed from $125,500 to $179,400 over the same period. For those looking to invest or move into Grayson County, this could signal greater affordability compared to other parts of the state and country, alongside a strong growth trajectory that indicates potential for future appreciation.
Residential Energy Tax Credit Per Tax Return in Grayson County, KY Over the Last 8 Years
In Grayson County, Kentucky, the average residential energy tax credit per tax return has shown significant fluctuations over the past eight years. Notable peaks occurred in 2014 with an average credit of $420.00 and a dramatic rise in 2021 to $876.92. Conversely, years like 2013 and 2019 saw lower averages around $266.67 and $285.71, respectively. These variations might indicate changing incentives or shifts in energy-efficient investments. For real estate agents, appraisers, and potential homeowners, understanding these trends could be valuable when evaluating property investments and energy-saving opportunities in the area.
Average Real Estate Taxes Per Tax Return in Grayson County, KY Over the Last 10 Years
Real estate taxes in Grayson County, Kentucky, have generally trended upward over the past decade, with significant increases from $1,098.19 in 2012 to $2,425.00 in 2021. The most notable jumps appear between 2017 and 2018, where the average tax surged from $1,426.25 to $1,856.00, and again between 2018 and 2019, escalating to $2,144.00. This pattern might indicate rising property valuations and could affect decisions for potential investors, real estate agents guiding clients, and appraisers assessing property values. If you're moving to or living in Grayson County, understanding this tax trajectory is crucial for financial planning.
Percentage of Farm Returns in Grayson County, KY Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Grayson County, Kentucky has shown a gradual decrease, starting from approximately 13.83% in 2012 and dipping to about 10.31% by 2021. Farm tax returns are filings submitted by farm owners that reflect income earned from farming activities, providing a snapshot of agricultural economic health. This trend could indicate shifts in the county's agricultural landscape, possibly affecting future investment decisions, property values, and local business opportunities for current and potential residents.
Number of Mortgages by Occupancy Type in Grayson County, KY Over the Last 5 Years in Grayson County
Grayson County, Kentucky has seen significant fluctuations in mortgage activity across various occupancy types over the last five years. The number of mortgages for principal residences peaked in 2020 with 1,263 before stabilizing at 1,017 in 2022. Investment property mortgages have seen a modest increase from 53 in 2020 to 74 in 2022, indicating a growing interest in rental or resale opportunities. Second residence mortgages also spiked in 2020 with 188 but adjusted down to 96 by 2022. Changes in occupancy type can impact local market dynamics, influencing everything from property values to community development. For investors and real estate professionals, tracking these trends may provide insights into demand patterns, investment potential, and risk assessment. For homeowners and insurance agents, shifts in the primary residence market might inform policy adjustments and valuations.
Economic Outlook
Over the past nine years, Grayson County, Kentucky, has experienced a steady climb in average taxable income per tax return, rising from around $38,432.21 in 2013 to approximately $50,871.10 in 2021. This income growth hints at economic expansion and increased financial stability, potentially signaling heightened local spending power and demand for real estate. However, this positive trend is accompanied by a significant rise in state and local income taxes, which jumped from $5,129.65 in 2012... Read more
Average Taxable Income per Tax Return in Grayson County, KY over the last 9 years
Grayson County, Kentucky, has seen a steady increase in the average taxable income per tax return over the last nine years, climbing from around $38,432.21 in 2013 to approximately $50,871.10 in 2021. This upward trend suggests possible economic growth and increasing financial stability within the region. For investors, real estate agents, and insurance agents, this could indicate a rising demand for property and services, as well as a higher capacity for local spending. Those considering moving to the area might find this financial trend appealing for long-term prospects.
Average State and Local Income Taxes Per Tax Return in Grayson County, KY Over the Last 10 Years
Grayson County, Kentucky has seen a significant rise in average state and local income taxes per tax return over the last decade, with a notable spike in recent years. Starting from $5,129.65 in 2012, the tax amount surged to $10,320.00 by 2021. This upward trend indicates growing fiscal pressures which potential investors, new residents, and developers should factor into their financial planning. These increments reflect broader economic changes and can impact disposable incomes, cost of living, and overall financial decisions in the county.
Average Total Tax Liability Per Tax Return in Grayson County, KY Over the Last 10 Years
Grayson County, Kentucky has seen a notable rise in average total tax liability per tax return over the past decade, increasing from $4,818.88 in 2012 to $6,655.24 in 2021. While there were minor fluctuations, the overall trend suggests a growing tax burden, which prospective investors and residents might want to consider when making financial plans or evaluating the economic landscape.
Cost of Living in Grayson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $987 | $1,194 | $1,714 | $1,012 | $986 |
| 1 adult 4 children | $987 | $975 | $1,310 | $1,012 | $1,023 |
| 2 adults 3 children | $987 | $976 | $1,488 | $1,012 | $813 |
| 1 adult 3 children | $987 | $797 | $1,084 | $1,012 | $813 |
| 2 adults 2 children | $742 | $799 | $1,261 | $878 | $719 |
| 1 adult 2 children | $742 | $597 | $857 | $878 | $628 |
| 2 adults 1 child | $742 | $631 | $1,034 | $442 | $692 |
| 1 adult 1 child | $742 | $408 | $630 | $442 | $582 |
| 2 adults | $613 | $507 | $808 | $0 | $620 |
| 1 adult | $599 | $277 | $404 | $0 | $546 |
Safety trends & Data
Grayson County, Kentucky has shown notable shifts in property crime trends over the past five years, with larceny-theft incidents peaking at 55.00 in 2021 before dropping sharply to 13.00 in 2022. Interestingly, burglary and motor vehicle theft rates have stayed relatively low and stable during this period. Forgery and counterfeiting cases spiked from 3.00 in 2019 to 9.00 in 2020, although fraud and embezzlement generally remained minimal. These fluctuations could imply varying risks and... Read more
Property Crime Trends in Grayson County, KY Over the Last 5 Years
Grayson County, Kentucky has experienced significant fluctuations in property crimes over the past five years. Notably, larceny-theft incidents peaked in 2021 at 55.0 but saw a sharp decline to 13.0 in 2022. Burglary and motor vehicle theft rates have remained relatively stable but low, suggesting these crimes are less common compared to theft. Interestingly, cases of forgery and counterfeiting spiked in 2020 to 9.0 from just 3.0 in 2019, while fraud and embezzlement generally stayed minimal. For stakeholders, these trends could imply varying risks and opportunities, essential for making informed decisions related to property values, insurance policies, and overall safety measures.
Demographics
Grayson County, Kentucky, exhibits a nearly balanced adult population with a marginally higher number of females. Educational attainment appears somewhat low, with a significant portion of adults having only a high school diploma or less. On the age spectrum, there's a notable presence of seniors, potentially signaling a need for more health care and senior services. The racial composition is overwhelmingly White, with minimal representation from other racial groups. This could impact cultural... Read more
Race Distribution in Grayson County, Kentucky (2022)
Educational Attainment in Grayson County, Kentucky (2022)
Age Distribution in Grayson County, Kentucky
Citizen Population in Grayson County, Kentucky (2022)
Political Trends & Data
In Grayson County, Kentucky, the 2020 U.S. Presidential Election results show a significant Republican preference, with nearly 79% of the vote, while Democrats received approximately 20%. This Republican lean may influence local property values, investment opportunities, and community growth trends, reflecting broader regional priorities and party loyalty in this area of... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Grayson County, Kentucky, the 2020 U.S. Presidential Election results suggest a strong Republican lean, with nearly 79% of the vote, while Democrats captured around 20%. The Libertarian and other minor parties garnered a combined total of less than 1% of the vote. This distribution could reflect broader regional trends or local political dynamics, offering a glimpse into voter priorities and party loyalty in this part of Kentucky.
78.89% of voters voted for the Republican party in the 2020 Presidential Election
20.03% of voters voted for the Democrat party in the 2020 Presidential Election
0.71% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Other party in the 2020 Presidential Election
School Data
Grayson County, Kentucky's student-to-teacher ratio has seen fluctuations over the past decade, with a peak of 16.41 in 2015 and a low of 12.93 in 2021. As of 2023, it stands at 14.71, just above the national average. These variations might influence investment decisions, as lower ratios often suggest higher quality education, making the area more appealing to families and potentially driving up property values and market demand. Real estate agents, insurance agents, and appraisers can use this... Read more
Student-to-teacher ratio in Grayson County, Kentucky over the last 10 years
Over the past ten years, the student-to-teacher ratio in Grayson County, Kentucky has fluctuated, but generally hovered around the mid-15s, peaking at 16.41 in 2015 and dipping to a low of 12.93 in 2021. As of 2023, it's at 14.71, slightly above the national average of 14 students per teacher. These variations may impact investment decisions, as a lower ratio often indicates potentially higher quality education and increased appeal for families. For real estate agents, insurance agents, and appraisers, understanding these trends provides insight into local school district performance, which can influence property values and market demand.
