Harlan County Real Estate and Livability Trends
Harlan County, Kentucky's real estate market shows intriguing trends, with median home values rising from $52,000 in 2015 to $71,300 in 2022. This uptick could signal affordable investment opportunities and potential for further appreciation. A noticeable increase in residential energy tax credits in 2017 and 2021, along with a steady growth in farm tax returns, points to evolving investment... Read more
Harlan County Market Trends
In Harlan County, Kentucky, median home values have gradually climbed from $52,000 in 2015 to $71,300 in 2022, a significant rise considering the lower baseline compared to state and national medians. This trend suggests potential for affordable investment opportunities with room for appreciation. Meanwhile, residential energy tax credits hit peaks at $400.00 in both 2017 and 2021, reflecting... Read more
Median Value of Occupied Housing Units in Harlan County, Kentucky Over the Last 8 Years
Over the past eight years, median home values in Harlan County, Kentucky, have increased from $52,000 in 2015 to $71,300 in 2022. While the growth trajectory is gradual, it's significant when considering that both Kentucky's statewide median ($177,000) and the national median ($179,400) are markedly higher. This could potentially make Harlan County an intriguing market for investors seeking more affordable property with room for appreciation, or for those looking to capitalize on lower entry costs in the housing market.
Residential Energy Tax Credit Per Tax Return in Harlan County, KY Over the Last 8 Years
Harlan County, Kentucky, has seen fluctuating residential energy tax credits over the past eight years, with notable peaks at $400.00 in both 2017 and 2021. This variability indicates evolving incentives and possibly shifting energy efficiency investments in the area. Investors or those looking to build property might find periods of higher credits particularly attractive, while insurance agents and appraisers could consider the financial impact of these credits on local property values. The trends suggest an ongoing interest in energy efficiency, which could influence future real estate market dynamics in Harlan County.
Average Real Estate Taxes Per Tax Return in Harlan County, KY Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Harlan County, Kentucky show a notable upward trend, peaking in 2019 at $2,688.89. These values generally increased from $1,384.27 in 2012 to $2,071.43 in 2021, suggesting an overall rise in property tax burdens for residents. Investors, property developers, and potential homeowners might find it informative that the spike in 2018 and 2019 implies both a potential reassessment of property values and changing county fiscal policies. Real estate and insurance professionals may want to note the fluctuations, as these could impact property valuations and insurance premiums.
Percentage of Farm Returns in Harlan County, KY Over the Last 10 Years
Farm tax returns are essentially the annual tax filings that farm owners in Harlan County, Kentucky submit, reflecting their business income and expenses. Over the last decade, there has been a slight, yet consistent upward trend in the percentage of farm returns. Starting from 0.31% in 2012, it reached approximately 0.48% in 2021. This gradual increase suggests a possibly growing agricultural sector, which could be interesting for those considering agricultural investments or new farming ventures in the county. Analyzing these trends might offer insights into the economic viability and potential growth of farming activities in Harlan County.
Number of Mortgages by Occupancy Type in Harlan County, KY Over the Last 5 Years in Harlan County
Harlan County, Kentucky, has shown consistent interest in principal residences over the past five years, with mortgage counts for these properties substantially outpacing those for investment and second residences. The numbers demonstrate a stable primary housing market, which is promising for long-term investments and property value stability. A slight increase in investment property mortgages could hint at growing confidence in rental markets or business opportunities, though these numbers remain relatively low. Changes in the type of occupancy could influence local property values, insurance rates, and demand for specific property types, impacting decisions for homebuyers, investors, and real estate professionals.
Economic Outlook
Harlan County, Kentucky, has faced swings in average taxable income, notably dropping to $32,232.44 in 2016 before rebounding to $39,839.98 by 2021. This fluctuation could point to economic instability, yet the recent upswing suggests potential improvement. Additionally, a rise in average state and local income taxes, peaking at $8,150.00 in 2018 and staying high through 2021, reflects broader economic or policy shifts. The total tax liability per tax return has also varied, with a low of... Read more
Average Taxable Income per Tax Return in Harlan County, KY over the last 9 years
Harlan County, Kentucky has experienced fluctuations in average taxable income over the past nine years. After a notable decline to $32,232.44 in 2016, income levels rebounded significantly, hitting a high of $39,839.98 in 2021. This volatility could suggest economic instability, but the recent upswing might indicate improving conditions. These trends could influence investment strategies, property development projects, and real estate market evaluations in the area. Keeping an eye on these changes could be crucial for those with financial stakes in Harlan County.
Average State and Local Income Taxes Per Tax Return in Harlan County, KY Over the Last 10 Years
Harlan County, Kentucky, experienced a notable rise in average state and local income taxes per tax return over the past decade, with a significant spike in 2018 reaching $8,150.00. This trend continues into 2020 and 2021, where taxes remained elevated above $7,500.00, reflecting broader economic changes or policy shifts affecting residents' tax obligations. The data indicates an increase in tax contributions, which may impact both potential investors and current residents regarding cost of living and disposable income-related decisions.
Average Total Tax Liability Per Tax Return in Harlan County, KY Over the Last 10 Years
The average total tax liability per tax return in Harlan County, Kentucky, has seen some fluctuations over the past decade. In 2012, the average was $5,173.26, dropping to a low of $4,455.00 in 2020 with intermittent peaks and troughs such as $5,271.48 in 2017. This variability might suggest economic changes affecting residents' taxable income and potential impacts on property investments and financial planning in the area. For those considering investing or moving here, understanding these trends could provide insights into the economic landscape and tax burden residents might face.
Cost of Living in Harlan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $993 | $1,343 | $1,722 | $1,113 | $1,068 |
| 1 adult 4 children | $993 | $1,097 | $1,317 | $1,113 | $1,104 |
| 2 adults 3 children | $993 | $1,097 | $1,495 | $1,113 | $867 |
| 1 adult 3 children | $993 | $896 | $1,089 | $1,113 | $869 |
| 2 adults 2 children | $742 | $898 | $1,267 | $967 | $756 |
| 1 adult 2 children | $742 | $671 | $861 | $967 | $652 |
| 2 adults 1 child | $742 | $710 | $1,039 | $493 | $706 |
| 1 adult 1 child | $742 | $459 | $633 | $493 | $579 |
| 2 adults | $593 | $570 | $811 | $0 | $604 |
| 1 adult | $538 | $311 | $406 | $0 | $496 |
Safety trends & Data
Harlan County, Kentucky has experienced varied property crime trends over the past five years, with a notable increase in motor vehicle thefts peaking at 18.00 in 2020 before slightly declining to 15.00 in 2022. Burglary saw significant movement, peaking at 36.00 arrests in 2020, then dropping to 23.00 in 2022, while larceny-theft fluctuated, reaching a high of 40.00 in 2019 and falling to 20.00 by 2022. Fraud cases also saw a general rise, hitting 13.00 in 2022. These fluctuations suggest... Read more
Property Crime Trends in Harlan County, KY Over the Last 5 Years
Harlan County, Kentucky has seen fluctuating property crime rates over the past five years. Burglary arrests peaked in 2020 at 36.00 but saw a decrease to 23.00 in 2022. Larceny-theft remained notable, with a high of 40.00 in 2019 but dropped to 20.00 by 2022. Motor vehicle theft showed an increasing trend, peaking at 18.00 in 2020 before slightly declining to 15.00 in 2022. Fraud cases have generally risen, reaching 13.00 in 2022. The data suggests varied trends with significant attention needed on burglary, larceny, and motor vehicle theft for potential investors, residents, and property stakeholders in the county.
Demographics
Harlan County, Kentucky leans heavily toward a white demographic, with over 25,000 identifying as White, while other races collectively make up a small fraction of the population. There's a nearly even split between males and females in its adult population. Educational attainment is varied, with a significant portion holding only a high school diploma or attending some college without completing a degree; advanced degrees are less common. Age distribution shows a substantial number of... Read more
Race Distribution in Harlan County, Kentucky (2022)
Educational Attainment in Harlan County, Kentucky (2022)
Age Distribution in Harlan County, Kentucky
Citizen Population in Harlan County, Kentucky (2022)
Political Trends & Data
Harlan County, Kentucky, appears to have a strong conservative inclination, as evidenced by an approximate 85.38% vote share for the Republican candidate in the 2020 U.S. Presidential Election. The Democratic candidate seems to have pulled in around 13.62%, while third-party votes barely made a dent. This trend suggests that the county maintains a predominantly conservative stance, likely influencing local policies and market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Harlan County, Kentucky likely showed a strong preference for the Republican candidate in the 2020 U.S. Presidential Election, with an estimated 85.38% of the vote. The Democratic candidate seemingly garnered around 13.62%, while other parties such as the Libertarians and smaller groups marginally contributed with less than 1% combined. This potential voting pattern could indicate a predominantly conservative leaning in this region.
85.38% of voters voted for the Republican party in the 2020 Presidential Election
13.62% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
Harlan County, Kentucky has seen its student-to-teacher ratio peak at 25 in 2020 after a steady period around 16 from 2014 to 2017. These shifts might shape perceptions of educational quality, potentially influencing real estate decisions. For investors and residents, fluctuating ratios could either pose challenges or present opportunities, affecting home marketing strategies and possibly impacting property... Read more
Student-to-teacher ratio in Harlan County, Kentucky over the last 10 years
Over the past decade, Harlan County, Kentucky has experienced significant fluctuations in its student-to-teacher ratio, peaking at 25 students per teacher in 2020. While ratios hovered around 16 students per teacher from 2014 to 2017—close to the US national average of 14—ratios saw a dramatic rise starting in 2018. These shifts could influence various stakeholders; potential investors and residents might perceive changing educational quality as a critical factor. Real estate agents could also view these trends as either a challenge or opportunity in marketing local homes. Meanwhile, insurance agents and appraisers might consider these variations when assessing risk and property values.
