Greenup County Real Estate and Livability Trends
Greenup County, Kentucky's real estate market shows economic strengthening with average taxable incomes rising from $50,608.61 in 2013 to $64,494.18 in 2021. Average home values increased from $97,700 in 2015 to $132,200 in 2022, though still behind state and national averages. Real estate taxes have surged since 2017, reflecting either growing property values or tax rate adjustments. Declining... Read more
Greenup County Market Trends
Greenup County, Kentucky has witnessed an increase in median home values from $97,700 in 2015 to $132,200 in 2022, trailing behind both state and national averages. The rise in residential energy tax credits, peaking at $1,192.31 in 2021, suggests growing investments in energy-efficient home improvements. Real estate taxes have surged, particularly sharp from 2017 to 2018, reflecting either... Read more
Median Value of Occupied Housing Units in Greenup County, Kentucky Over the Last 8 Years
Greenup County, Kentucky has experienced a consistent upward trend in median home values over the last eight years, from $97,700 in 2015 to $132,200 in 2022. This movement is slightly below Kentucky's state average, which saw values rise from $123,200 to $177,000 in the same period. Compared to national trends, Greenup County lags behind, with national values jumping from $125,500 to $179,400. For potential homebuyers, investors, and property developers, this suggests Greenup County might offer more affordable options, albeit with slower appreciation rates compared to broader averages.
Residential Energy Tax Credit Per Tax Return in Greenup County, KY Over the Last 8 Years
Greenup County, Kentucky is seeing a significant upward trend in the average residential energy tax credit per tax return over the last eight years, peaking at $1,192.31 in 2021. This increase, especially notable from 2019 onward, may reflect rising investments in energy-efficient home improvements or higher state and federal incentives. For real estate agents, appraisers, or insurance agents, this trend hints at a growing consciousness around energy efficiency among residents, potentially attracting buyers interested in sustainable living. For those looking to invest or build property, this indicates a favorable environment for incorporating energy-efficient technologies.
Average Real Estate Taxes Per Tax Return in Greenup County, KY Over the Last 10 Years
Over the past decade, Greenup County, Kentucky has seen a notable rise in average real estate taxes per tax return, with especially sharp increases from 2017 to 2019. The data indicates real estate taxes jumped from around $2,912.22 in 2017 to approximately $4,433.93 in 2018. Such an increase could suggest growing property values or local tax rate adjustments affecting homeowners and investors alike. This trend may impact decisions for appraisers, insurance agents, and real estate professionals considering property in the area.
Percentage of Farm Returns in Greenup County, KY Over the Last 10 Years
Farm tax returns in Greenup County, Kentucky, have seen a gradual decline over the last decade, dropping from 4.25% in 2012 to approximately 3.30% in 2021. These figures provide indicative trends which could potentially reflect changes in the agricultural landscape, investment patterns, or economic conditions affecting farming viability in the area. This decline might interest potential investors or developers considering the stability and growth of the agricultural sector in this region, suggesting a need for careful evaluation of long-term farm-based investments.
Number of Mortgages by Occupancy Type in Greenup County, KY Over the Last 5 Years in Greenup County
Greenup County, Kentucky, has seen fluctuating but generally stable numbers of mortgages for investment properties and second residences over the past five years, while principal residences have experienced notable changes. The mortgage counts for investment properties have slightly decreased from 86 in 2019 to 82 in 2022, indicating a potential cooling interest among investors. Principal residences show a significant increase with a peak in 2021 at 1912 but a dip in subsequent years, which might reflect broader economic or housing market trends. The modest fluctuations in second residence mortgages could hint at evolving vacation or secondary home trends. These variations in occupancy types may impact property values, local economy, and demand for services, all of which are crucial for potential investors, real estate agents, and insurance agents trying to assess risk and opportunity in the region.
Economic Outlook
Greenup County, Kentucky's real estate market is seeing robust economic indicators with average taxable incomes per tax return rising from $50,608.61 in 2013 to $64,494.18 in 2021. This suggests a strengthening local economy, enticing for investors and real estate agents. However, the average state and local income taxes also saw a sharp rise from about $6,740.12 in 2012 to $13,016.28 in 2021, indicating higher economic obligations which might affect disposable income and property values.... Read more
Average Taxable Income per Tax Return in Greenup County, KY over the last 9 years
Greenup County, Kentucky has seen a consistent rise in average taxable income per tax return over the past nine years, with figures growing from $50,608.61 in 2013 to $64,494.18 in 2021. This upward trend, despite minor fluctuations, suggests a generally strengthening local economy, likely appealing to prospective investors, real estate agents, and appraisers. Property builders and insurance agents might also find this data useful for predicting market demands and setting premiums.
Average State and Local Income Taxes Per Tax Return in Greenup County, KY Over the Last 10 Years
Greenup County, Kentucky has seen a notable increase in average state and local income taxes per tax return over the past decade, rising from approximately $6,740.12 in 2012 to $13,016.28 in 2021. This substantial uptick, especially sharp between 2017 and 2018, suggests growing economic obligations for residents, likely tied to shifts in local economic policies or increased public services funding. For investors, property developers, or potential movers, this tax trend points to a steadily increasing fiscal responsibility, which could impact disposable income and property values.
Average Total Tax Liability Per Tax Return in Greenup County, KY Over the Last 10 Years
Over the past decade, Greenup County, Kentucky has seen fluctuating yet generally rising average total tax liabilities per tax return filed. Starting from approximately $7,848.51 in 2012, there were notable increases especially in recent years, peaking at around $9,737.93 in 2021. This trend might imply an escalating tax burden for residents, which could impact decisions for potential homeowners, investors, and those planning to build property in the area. With yearly variations, the upward trajectory suggests a need for careful financial planning and consideration of tax implications when engaging with this local market.
Cost of Living in Greenup County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,101 | $1,383 | $1,649 | $1,216 | $1,145 |
| 1 adult 4 children | $1,101 | $1,130 | $1,259 | $1,216 | $1,223 |
| 2 adults 3 children | $1,101 | $1,130 | $1,432 | $1,216 | $947 |
| 1 adult 3 children | $1,101 | $923 | $1,042 | $1,216 | $966 |
| 2 adults 2 children | $829 | $925 | $1,215 | $1,051 | $808 |
| 1 adult 2 children | $829 | $691 | $825 | $1,051 | $725 |
| 2 adults 1 child | $829 | $731 | $998 | $512 | $746 |
| 1 adult 1 child | $829 | $472 | $607 | $512 | $624 |
| 2 adults | $706 | $587 | $781 | $0 | $652 |
| 1 adult | $648 | $320 | $390 | $0 | $549 |
Safety trends & Data
Property crime trends in Greenup County, Kentucky have shown notable fluctuations over the past five years. Burglary incidents peaked at 12 in 2018 but dropped to just 2 by 2022. Larceny-theft saw a dramatic decline from 20 incidents in 2018 to merely 1 in 2022. Although motor vehicle thefts remained relatively low, they increased from 1 incident in 2018 to 4 in 2022. These shifting numbers provide key insights for investors, real estate agents, and residents into the evolving safety dynamics... Read more
Property Crime Trends in Greenup County, KY Over the Last 5 Years
Property crime trends in Greenup County, Kentucky have demonstrated fluctuation over the past five years. Burglary peaked in 2018 at 12 incidents, significantly decreasing by 2022 with only 2 recorded cases. Larceny-theft, initially high at 20 incidents in 2018, dropped to just 1 by 2022. Interestingly, motor vehicle thefts remained relatively low but doubled from 1 in 2018 to 4 incidents in 2022. Fraud cases saw minor variations, while vandalism and incidents involving stolen property showed inconsistent trends with a pronounced spike in stolen property possession in 2022. These trends could be pivotal for investors, appraisers, real estate agents, and residents to understand the evolving safety landscape of the county.
Demographics
Greenup County, Kentucky shows a slight majority female adult population and a predominantly White demographic, with minority populations accounting for a minuscule fraction of the community. The largest educational attainment group consists of high school graduates, hinting at limited higher education penetration. Age distribution is fairly balanced, though there's a noticeable peak among the 55 to 64-year-old group, suggesting a potentially aging... Read more
Race Distribution in Greenup County, Kentucky (2022)
Educational Attainment in Greenup County, Kentucky (2022)
Age Distribution in Greenup County, Kentucky
Citizen Population in Greenup County, Kentucky (2022)
Political Trends & Data
Greenup County, Kentucky, leaned heavily Republican in the 2020 U.S. Presidential Election, with around 72% of voters backing the GOP, while Democrats garnered roughly 27%. This stark preference hints at a strong conservative base in the area, though the minor but present support for third-party candidates at just over 1% reveals pockets of alternative political leanings. This trend likely indicates continued conservative dominance, yet the third-party support should not be entirely... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Greenup County, Kentucky showed a significant lean towards Republican candidates in the 2020 U.S. Presidential Election, with roughly 72% of the votes. Democrats managed to secure about 27%, indicating a considerable gap in voter preference. Smaller parties, including Libertarians and others, collectively captured just over 1% of the vote, emphasizing the dominance of the two major parties in this county. This trend suggests that Greenup County may continue to be a stronghold for conservative politics, though it's also worth noting the minor but existent support for third-party candidates.
71.88% of voters voted for the Republican party in the 2020 Presidential Election
26.81% of voters voted for the Democrat party in the 2020 Presidential Election
0.98% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
Greenup County, Kentucky has seen its student-to-teacher ratio drop from above 18 students per teacher in 2014 to around 14 recently, lining up with the national average. This trend might attract families looking for personalized education, potentially boosting property values. Investors and real estate agents could find this appealing, hinting at a growing community focus on education, which might suggest better stability and opportunities for future development in the... Read more
Student-to-teacher ratio in Greenup County, Kentucky over the last 10 years
Over the past decade, Greenup County, Kentucky has seen a noticeable reduction in the student-to-teacher ratio, dropping from above 18 students per teacher in 2014 to around 14 in recent years. This trend likely indicates small class sizes relative to the national average of 14 students per teacher, which can be a compelling factor for families considering relocation looking for personalized education for their children. For property investors and real estate agents, this decrease in the student-to-teacher ratio could attract potential buyers seeking high-quality schooling options, potentially increasing property values. Furthermore, insurance agents could view the improving educational environment as a sign of a stable and desirable community, influencing insurance rates and policy offerings. This shift in occupancy type could also suggest a growing investment in local education infrastructure, a vital sign for appraisers and developers assessing the region's long-term viability and growth prospects.
