Green County Real Estate and Livability Trends
Green County, Kentucky's real estate market has exhibited notable trends. Median home values have seen steady growth, climbing from $74,200 in 2015 to $97,100 in 2022, which could catch the eye of investors and homeowners seeking appreciating markets. Interesting shifts in tax-related factors include a rise in real estate taxes, from $1,051.61 in 2012 to $1,966.67 in 2021, likely reflecting... Read more
Green County Market Trends
Green County, Kentucky, has seen its median home values rise from $74,200 in 2015 to $97,100 in 2022, showing steady growth that could appeal to investors and homeowners looking for appreciating markets. The average residential energy tax credit per tax return, while peaking at $285.71 in 2014, has been on a downward trend, possibly indicating fluctuations in local energy efficiency efforts. Real... Read more
Median Value of Occupied Housing Units in Green County, Kentucky Over the Last 8 Years
Over the past eight years, Green County, Kentucky, has seen its median home values climb from $74,200 in 2015 to $97,100 in 2022, reflecting steady and significant growth. This trend might matter for potential investors and homeowners as it suggests a local market that has been consistently appreciating, albeit from a lower baseline compared to both state and national levels. For comparison, Kentucky’s median home values started at $123,200 in 2015 and reached $177,000 in 2022, while the U.S. figures were $125,500 and $179,400, respectively. This suggests that while Green County remains more affordable, it could offer greater investment potential due to its upward trajectory.
Residential Energy Tax Credit Per Tax Return in Green County, KY Over the Last 6 Years
Green County, Kentucky has seen fluctuations in the average residential energy tax credit per tax return over the last six years. Starting from $262.50 in 2013, it peaked at approximately $285.71 in 2014 but generally experienced a downward trend, reaching $240.00 by 2021. Potential investors, real estate agents, and property developers might pay attention to these numbers as they could reflect local efforts in energy efficiency upgrades, possibly influencing future property values and attractiveness for energy-conscious residents. Meanwhile, appraisers and insurance agents might consider these trends when evaluating property adjustments and risk assessments related to energy efficiency improvements.
Average Real Estate Taxes Per Tax Return in Green County, KY Over the Last 10 Years
Green County, Kentucky has experienced a significant upward trend in average real estate taxes per tax return over the past decade. Beginning at approximately $1,051.61 in 2012, the average climbed to about $1,966.67 by 2021. This upward trajectory could indicate rising property values or higher local tax rates, crucial factors for investors, property builders, and real estate agents to consider. The increase in tax burden should also be a key consideration for potential homeowners and current residents when budgeting for long-term housing costs.
Percentage of Farm Returns in Green County, KY Over the Last 10 Years
Over the past decade in Green County, Kentucky, farm tax returns have exhibited a mild but noticeable downward trend, starting at roughly 22.45% in 2012 and dipping to about 18.06% by 2021. Despite slight variations, the overall trajectory suggests a gradual decline in farm-related economic activity. For those considering investments, property development, or relocations to Green County, understanding this trend can offer insights into the shifting agricultural landscape. Lower percentages of farm returns might hint at changing land use patterns or economic pivots among the county's residents.
Number of Mortgages by Occupancy Type in Green County, KY Over the Last 5 Years in Green County
Green County, Kentucky has seen a noticeable trend in mortgage counts over the past five years, particularly for principal residences, which have remained the dominant occupancy type but also have fluctuated significantly. Investment properties and second residences have shown relatively stable yet lower volumes. These changes in occupancy type can matter greatly for various stakeholders. Investors might be interested in the relatively low but steady numbers for investment properties, suggesting a potentially less competitive but steady market. For those moving to the area, the high volume of principal residence mortgages indicates a strong demand for housing, which could affect availability and pricing. Appraisers and insurance agents can use these trends to gauge market stability and risk, given that consistent demand for principal residences usually correlates with stable property values. Builders and real estate agents might see opportunities in catering to the primary residence market, whereas the limited but steady second residence market could signify niche opportunities. Overall, understanding these trends is crucial for making informed decisions concerning real estate investments and related services in Green County.
Economic Outlook
In Green County, Kentucky, there's been a steady climb in average taxable income per tax return from $34,128.31 in 2013 to $43,551.86 in 2021, hinting at potential economic growth and a possibly improving job market. However, an uptick in average state and local income taxes, with peaks at $6,010.34 in 2016 and $7,537.50 in 2018, reflects an increasing tax burden which might be due to economic and policy shifts. The rise in total tax liability from $3,862.21 in 2012 to $5,265.19 by 2021 shows... Read more
Average Taxable Income per Tax Return in Green County, KY over the last 9 years
Over the last nine years in Green County, Kentucky, the average taxable income per tax return has shown a steady upward trend, rising from approximately $34,128.31 in 2013 to around $43,551.86 in 2021. This gradual increase highlights potential economic growth and a possibly improving job market, which could be attractive to investors, real estate agents, and those looking to move to the area. However, fluctuations during some of the years suggest that local and broader economic factors may have impacted income levels intermittently. Such trends could be insightful for appraisers and insurance agents evaluating financial models and risk assessments in Green County.
Average State and Local Income Taxes Per Tax Return in Green County, KY Over the Last 10 Years
Over the past decade, Green County, Kentucky has experienced a noticeable increase in average state and local income taxes per tax return. Starting at $4,520.31 in 2012, there was a gradual rise with significant jumps, particularly in 2016 and 2018 where values peaked at $6,010.34 and $7,537.50, respectively. These trends indicate a growing tax burden, reflecting possible economic and policy changes that could impact residents, investors, and potential developers.
Average Total Tax Liability Per Tax Return in Green County, KY Over the Last 10 Years
Green County, Kentucky has experienced a gradual rise in average total tax liability per tax return over the last decade, with noticeable spikes in certain years. From $3,862.21 in 2012, the liability per return climbed to $5,265.19 by 2021. These fluctuations, especially the jumps in 2015 and 2017, indicate potential changes in economic conditions or tax policies affecting the area. Such trends might be informative for those considering investment or property development in Green County, as they reflect the evolving financial landscape for residents.
Cost of Living in Green County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $977 | $1,223 | $1,820 | $1,056 | $1,041 |
| 1 adult 4 children | $977 | $998 | $1,392 | $1,056 | $1,077 |
| 2 adults 3 children | $977 | $999 | $1,579 | $1,056 | $851 |
| 1 adult 3 children | $977 | $815 | $1,151 | $1,056 | $853 |
| 2 adults 2 children | $742 | $818 | $1,338 | $916 | $753 |
| 1 adult 2 children | $742 | $611 | $910 | $916 | $655 |
| 2 adults 1 child | $742 | $646 | $1,097 | $461 | $714 |
| 1 adult 1 child | $742 | $417 | $669 | $461 | $594 |
| 2 adults | $653 | $519 | $856 | $0 | $644 |
| 1 adult | $538 | $283 | $428 | $0 | $525 |
Safety trends & Data
Green County, Kentucky has experienced fluctuating property crime trends over the past five years, with a notable peak in burglary incidents in 2019 and significant decline by 2021. Larceny-theft cases have also varied, initially surging in 2019 and 2020, then dropping in 2021 before a slight increase in 2022. The inconsistency in stolen property possession incidents accentuates this unpredictable crime landscape, which could potentially influence property values, insurance rates, and investor... Read more
Property Crime Trends in Green County, KY Over the Last 5 Years
Green County, Kentucky has seen fluctuating property crime trends over the past five years. Burglary incidents peaked in 2019 with 6 reported cases, then sharply declined to just 1 in 2021. Similarly, larceny-theft cases have varied, surging to 6 in 2019 and 2020, then dropping to 2 in 2021 before rising slightly to 5 in 2022. Incidents of stolen property possession have been inconsistent, highest in 2019 at 6, then decreasing in subsequent years. Motor vehicle thefts have remained relatively low, peaking marginally in 2020 and 2021 with 2 incidents each. These fluctuations suggest a somewhat unpredictable property crime landscape, potentially impacting property values, insurance rates, and investment confidence in the county.
Demographics
Green County, Kentucky shows a relatively balanced gender distribution among its adult population, with males slightly outnumbering females. Educational attainment heavily skews towards high school graduates, while fewer residents hold bachelor’s or advanced degrees. Age-wise, the largest segment falls between 55 to 64 years, implying a potentially aging community, with significantly fewer residents under 25. The racial composition is overwhelmingly White, with very small representations from... Read more
Race Distribution in Green County, Kentucky (2022)
Educational Attainment in Green County, Kentucky (2022)
Age Distribution in Green County, Kentucky
Citizen Population in Green County, Kentucky (2022)
Political Trends & Data
In Green County, Kentucky, the 2020 U.S. Presidential Election results indicate a strong leaning toward the Republican party, which captured roughly 83% of the votes. The Democrats trailed significantly with about 16%, while other parties barely made a mark. This suggests the county might have a predominantly conservative electorate, potentially impacting local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Green County, Kentucky, the 2020 U.S. Presidential Election showed an overwhelming preference for the Republican party, which garnered around 83% of the votes. The Democratic party received approximately 16%, while Libertarian and other parties captured a negligible share. This voting pattern could hint at a predominantly conservative electorate in the region.
83.24% of voters voted for the Republican party in the 2020 Presidential Election
15.83% of voters voted for the Democrat party in the 2020 Presidential Election
0.50% of voters voted for the Livertarian party in the 2020 Presidential Election
0.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
Green County, Kentucky has seen its student-to-teacher ratio decrease from 16 in 2019 to 14 by 2023, aligning more closely with the national average. This shift suggests potential appeal for families prioritizing education quality, which might boost property values. Real estate professionals and developers might find this trend valuable for identifying high-demand neighborhoods and planning new projects. Understanding these ratios can also assist insurance agents in assessing risk and setting... Read more
Student-to-teacher ratio in Green County, Kentucky over the last 10 years
Green County, Kentucky has seen fluctuations in the student-to-teacher ratio over the past decade, with numbers peaking at 16 in 2019 but gradually declining to about 14 by 2023. This recent downward trend brings the area closer to the current national average of 14 students per teacher. These trends could suggest various implications for those looking to invest in or move to the area. Lower ratios often imply more individual attention for students, which can be appealing to families and potentially drive up property values. Real estate agents and appraisers might find this data useful as it can impact demand for housing. For builders and developers, understanding these trends can inform decisions about where to develop new properties, particularly in neighborhoods with favorable ratios. Insurance agents might also consider such factors when assessing risk and determining coverage options for properties in Green County.
