Hardin County Real Estate and Livability Trends
In Hardin County, Kentucky, median home values have risen significantly, from $143,100 in 2015 to $186,500 in 2022, surpassing both state and national trends. This rise may indicate increased investment in the area, potentially driven by fluctuating residential energy tax credits, which spiked in 2018. With real estate taxes nearly doubling over the past decade, homeowners might face higher... Read more
Hardin County Market Trends
In Hardin County, Kentucky, the real estate market has shown a steady increase in median home values, rising from $143,100 in 2015 to $186,500 in 2022, outpacing state and national trends. Residential energy tax credits have fluctuated, with a notable spike in 2018 suggesting increased investment in energy-efficient home improvements. Real estate taxes have nearly doubled in the past decade,... Read more
Median Value of Occupied Housing Units in Hardin County, Kentucky Over the Last 8 Years
Over the past eight years, the median home values in Hardin County, Kentucky, have shown a steady increase, jumping from $143,100 in 2015 to $186,500 in 2022. This trend is consistent with both state and national averages, although Hardin County consistently outpaces the median home values for Kentucky and the U.S. Notably, the rate of appreciation in Hardin County since 2020 exceeds that of the state and national trends, indicating a potentially lucrative market for real estate investments and property development.
Residential Energy Tax Credit Per Tax Return in Hardin County, KY Over the Last 9 Years
Over the last nine years, Hardin County, Kentucky has seen fluctuating averages in residential energy tax credits per tax return, with a notable spike in 2018 at $1,855.56. This upward trend suggests a growing interest and investment in energy-efficient improvements among residents, a detail worth noting for real estate agents, appraisers, and insurance agents. For potential homebuyers or investors, higher tax credits could indicate a community progressively adopting sustainable practices, possibly driving future property values.
Average Real Estate Taxes Per Tax Return in Hardin County, KY Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Hardin County, Kentucky, have generally been on an upward trend, roughly doubling from $1,784.59 in 2012 to $3,239.89 in 2021. Significant jumps were observed in 2018 and 2019, reaching $2,959.84 and $3,046.96 respectively. These increases could imply rising property values or changes in tax rates, crucial for potential investors, homebuyers, and real estate professionals to consider when assessing the longer-term cost of property ownership in the area.
Percentage of Farm Returns in Hardin County, KY Over the Last 10 Years
In Hardin County, Kentucky, the percentage of farm tax returns has seen a gradual decline over the last decade, decreasing from approximately 3.15% in 2012 to about 2.48% in 2021. Farm tax returns, essentially documenting income and expenses from farming activities for taxation purposes, are a key indicator of the agricultural vitality in the area. This trend might suggest a decrease in farming profitability or a shift towards other economic activities. For potential investors, builders, or new residents, these changes could be pivotal when assessing the local agricultural market and economic landscape.
Number of Mortgages by Occupancy Type in Hardin County, KY Over the Last 5 Years in Hardin County
Mortgages in Hardin County, Kentucky reveal notable trends across different occupancy types over the last five years. Principal residences have consistently held the majority, peaking at 8,387 in 2021, indicating a significant demand for primary homes. Investment properties see moderate but steady interest, with a slight decrease in recent years, perhaps suggesting a shift in investor confidence or market saturation. Second residences are minimal but show baseline activity, reflecting niche market preferences. Changes in these patterns could impact decisions for investors, appraisers, and real estate agents, influencing property valuation, risk assessment for insurance, and investment opportunities tailored to market dynamics.
Economic Outlook
Hardin County, Kentucky has seen a steady rise in the average taxable income per tax return over the past decade, from $47,923.93 in 2013 to $61,528.44 in 2021. This growth may signal a strengthening local economy, potentially making the county more attractive for investors and real estate agents. However, the significant increase in average state and local income taxes, particularly the jump between 2017 and 2018, highlights rising fiscal pressure. Over the last decade, the average total tax... Read more
Average Taxable Income per Tax Return in Hardin County, KY over the last 9 years
Over the past nine years, Hardin County, Kentucky has seen a steady rise in the average taxable income per tax return, starting at around $47,923.93 in 2013 and increasing to approximately $61,528.44 by 2021. This growth could signal a strengthening local economy, making Hardin County potentially attractive for investors, real estate agents, and those considering relocation. Local appraisers and insurance agents might also note this trend as it could impact property values and insurance rates, respectively, highlighting increased economic vigor in the area.
Average State and Local Income Taxes Per Tax Return in Hardin County, KY Over the Last 10 Years
Over the past decade, Hardin County, Kentucky has seen a significant rise in average state and local income taxes per tax return, jumping from $5,428.07 in 2012 to $10,217.98 in 2021. Notably, there was a dramatic increase between 2017 and 2018, with taxes climbing from $6,551.68 to $9,153.95. This trend highlights rising fiscal pressure, making property investment or relocation decisions more crucial as prospective residents and investors need to account for higher tax obligations.
Average Total Tax Liability Per Tax Return in Hardin County, KY Over the Last 10 Years
Over the past decade, Hardin County, Kentucky has seen a noticeable upward trend in average total tax liability per tax return. Starting from around $6,609.32 in 2012, it rose to approximately $8,383.27 by 2021. This gradual increase, peaking in 2021, could be indicative of rising incomes, property values, or cost of living adjustments. Potential investors and future residents might find this data useful to gauge the economic growth and fiscal environment of the county.
Cost of Living in Hardin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,203 | $1,327 | $1,751 | $1,357 | $1,252 |
| 1 adult 4 children | $1,203 | $1,084 | $1,338 | $1,357 | $1,344 |
| 2 adults 3 children | $1,203 | $1,084 | $1,520 | $1,357 | $1,038 |
| 1 adult 3 children | $1,203 | $885 | $1,107 | $1,357 | $1,113 |
| 2 adults 2 children | $878 | $887 | $1,289 | $1,191 | $888 |
| 1 adult 2 children | $878 | $663 | $876 | $1,191 | $826 |
| 2 adults 1 child | $878 | $701 | $1,058 | $653 | $823 |
| 1 adult 1 child | $878 | $453 | $645 | $653 | $682 |
| 2 adults | $676 | $563 | $827 | $0 | $646 |
| 1 adult | $672 | $307 | $414 | $0 | $555 |
Safety trends & Data
In Hardin County, Kentucky, property crime trends over the past five years highlight some interesting shifts. Larceny-theft has seen a noteworthy decrease from 306 incidents in 2018 to 128 in 2022, while burglary also dropped from 101 to 48 incidents within the same period. Motor vehicle thefts have stayed relatively stable, ranging from 18 to 30 incidents annually. Additionally, forgery and counterfeiting peaked at 55 arrests in 2019 but have declined since, and embezzlement incidents dropped... Read more
Property Crime Trends in Hardin County, KY Over the Last 5 Years
Throughout the last five years in Hardin County, Kentucky, property crime trends reveal notable variations. Larceny-theft consistently registers the highest numbers, reaching a peak of 306 incidents in 2018 and showing a fluctuating decline to 128 in 2022. Burglary has seen a significant reduction from 101 arrests in 2018 to a low of 38 in 2021, before slightly increasing to 48 in 2022. Motor vehicle thefts appear relatively stable yet modest, hovering around 18 to 30 incidents yearly. Fraud and forgery crimes also display variability, with peaks in 2019 for forgery and counterfeiting at 55 arrests, and minor declines in subsequent years. Embezzlement rates remain consistently low, peaking at 11 incidents in 2018 and dropping to just 3 by 2022. This evolving landscape could suggest improving security measures and economic factors impacting different crime categories.
Demographics
Hardin County, Kentucky, shows a slight gender balance with females slightly exceeding males in the adult population. Educational attainment is diverse, though there's a significant number of residents with at least some college education. The age distribution highlights a diverse age range, with the highest concentrations among those under 10 years and those between 25 to 64 years. Racial demographics indicate a predominantly White population, though there are notable minorities within the... Read more
Race Distribution in Hardin County, Kentucky (2022)
Educational Attainment in Hardin County, Kentucky (2022)
Age Distribution in Hardin County, Kentucky
Citizen Population in Hardin County, Kentucky (2022)
Political Trends & Data
In Hardin County, Kentucky, the 2020 U.S. Presidential Election data reveals a predominant conservative tilt with around 61% of the electorate favoring Republican candidates, and Democrats securing roughly 37%. This lean towards conservative values could potentially shape local policy decisions, impacting real estate trends by influencing factors such as property taxes, zoning regulations, and community development initiatives. Understanding the political landscape here is key for real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Hardin County, Kentucky, showed a notable preference for Republican candidates, with approximately 61% of the vote, whereas Democrats received around 37%. Minor parties like the Libertarians garnered about 1.5%, while other parties had negligible impact. This voting pattern may suggest a predominantly conservative electorate in Hardin County.
60.96% of voters voted for the Republican party in the 2020 Presidential Election
36.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.54% of voters voted for the Livertarian party in the 2020 Presidential Election
0.52% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hardin County, Kentucky has seen student-to-teacher ratios generally hover around 13 to 14 students per teacher, peaking briefly at 26 in 2015. These fluctuations might influence relocation decisions for families, educators, and real estate agents by indicating educational quality. For investors and builders, these ratios could signal housing demand, while appraisers and insurance agents may consider these figures when assessing property values and... Read more
Student-to-teacher ratio in Hardin County, Kentucky over the last 10 years
Hardin County, Kentucky has seen fluctuating student-to-teacher ratios over the past decade. While the numbers momentarily spiked to 26 in 2015, they generally hover around 13 to 14 students per teacher, which is close to the current national average of 14 students per teacher. These variations might influence decisions for families considering relocation, educators assessing job opportunities, and real estate agents gauging the attractiveness of the area. For investors and builders, these ratios could serve as indicators of educational quality and demand for housing. Appraisers and insurance agents may also take note, as these figures can subtly affect property values and risk assessments.
