Harrison County Real Estate and Livability Trends
In Harrison County, Kentucky, the median home value has jumped from $113,000 in 2015 to $170,600 in 2022, outpacing broader trends and hinting at unique local growth factors. Energy-efficient investments are also on the rise, as seen from fluctuations in residential energy tax credits. Real estate taxes have surged from $1,441.90 in 2012 to $2,745.00 in 2021, likely due to policy changes that... Read more
Harrison County Market Trends
The median home value in Harrison County, Kentucky has increased from $113,000 in 2015 to $170,600 in 2022, outpacing state and national trends and suggesting additional local growth factors. Residential energy tax credits have shown notable fluctuations, with high values in recent years possibly pointing to a growing interest in energy-efficient investments. Average real estate taxes have risen... Read more
Median Value of Occupied Housing Units in Harrison County, Kentucky Over the Last 8 Years
Over the last 8 years, the median home value in Harrison County, Kentucky has climbed from $113,000 in 2015 to $170,600 in 2022. This local increase is slightly more pronounced than the overall trend seen in the United States, which saw median values rise from $125,500 to $179,400 during the same timeframe. Compared to Kentucky's median values, which grew from $123,200 to $177,000, Harrison County shows a distinct upward trajectory that might seem enticing for those looking to invest in property. This trend could suggest a robust property value growth in Harrison County that parallels state and national trends, yet also indicates additional local growth drivers.
Residential Energy Tax Credit Per Tax Return in Harrison County, KY Over the Last 8 Years
Harrison County, Kentucky has seen notable fluctuations in average residential energy tax credits per tax return over the past eight years. Starting with $478.95 in 2013, the credit values have varied widely, spiking to $816.67 in 2016, dropping to $450.00 in 2017, and achieving a peak of $1,188.89 in 2019. Most recently, 2020 and 2021 also saw high values of $1,063.64 and $1,100.00 respectively, indicating a potentially increasing trend in residents taking advantage of energy-efficient investments. This trend may be significant for investors, insurance agents, and real estate professionals considering energy efficiency as a growing priority among residents.
Average Real Estate Taxes Per Tax Return in Harrison County, KY Over the Last 10 Years
Over the past decade, Harrison County, Kentucky has seen a gradual increase in average real estate taxes per tax return. Starting at $1,441.90 in 2012, rates have consistently risen and peaked at $2,745.00 in 2021. Notably, there's a significant jump between 2017 and 2018, from $1,690.42 to $2,270.37, suggesting a possible shift in local tax policies or property values. This uptick could be important for prospective homeowners, real estate investors, and insurance agents as it may impact overall cost calculations for property ownership in the county. The steady climb reflects broader trends and factors that must be considered when making financial decisions related to real estate in this region.
Percentage of Farm Returns in Harrison County, KY Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Harrison County, Kentucky, has fluctuated between approximately 11.03% and 13.05%. This variability suggests underlying economic factors or shifts in agricultural activity impacting farm operations. For investors and potential residents, these trends could be indicative of the agricultural sector's health in the region. Farm tax returns provide insight into the viability and economic contribution of farming within the county, which might influence decisions about property investments, development opportunities, or even lifestyle choices rooted in agricultural sustainability.
Number of Mortgages by Occupancy Type in Harrison County, KY Over the Last 5 Years in Harrison County
Harrison County, Kentucky has shown significant variation in the types of mortgages over the past five years, with principal residences consistently dominating the market. While investment property mortgages have seen some fluctuations, their numbers remain modest compared to those for principal residences, which peaked around 2021. Second residences make up a very small fraction of the market, indicating a minimal demand for vacation or secondary homes in this region. Changes in occupancy type matter as they can indicate shifting demographics and economic conditions, influencing local property values, insurance premiums, and investment decisions. The dominance of principal residence mortgages suggests stability but could also imply limited opportunities for rental income or speculative investments.
Economic Outlook
In Harrison County, Kentucky, over the past nine years, average taxable income per tax return has increased from $43,580.57 in 2013 to $56,354.86 in 2021. This trend could imply growing economic prosperity, benefiting real estate values and local businesses. Correspondingly, average state and local income taxes have also risen, jumping from $6,115.43 in 2012 to $9,727.27 by 2021, a factor that can influence the overall cost of living and doing business. The increasing average total tax... Read more
Average Taxable Income per Tax Return in Harrison County, KY over the last 9 years
Over the past nine years, Harrison County, Kentucky has seen a steady increase in average taxable income per tax return. Starting at $43,580.57 in 2013, the figure rose to $56,354.86 by 2021. This upward trend could indicate growing economic prosperity, likely benefiting real estate values and local businesses. For investors, insurance agents, and real estate professionals, these financial indicators might suggest a favorable environment for investments and development projects, as well as a potential uptick in demand for insurance and appraisal services.
Average State and Local Income Taxes Per Tax Return in Harrison County, KY Over the Last 10 Years
Over the past decade in Harrison County, Kentucky, average state and local income taxes per tax return have shown a marked increase, from $6,115.43 in 2012 to $9,727.27 in 2021. This rising trend indicates growing local tax obligations, which can impact both potential investors and current residents by influencing the overall cost of living and doing business in the area. Notably, from 2018 onward, the rate of increase accelerated, signaling changing economic dynamics that stakeholders should factor into their financial planning and decision-making.
Average Total Tax Liability Per Tax Return in Harrison County, KY Over the Last 10 Years
Average total tax liabilities per return in Harrison County, Kentucky show a notable increase over the past decade, peaking at $7,359.88 in 2021. This uptrend suggests a potentially rising tax burden for residents. Investors and new residents should consider these financial trends when making decisions about moving to or investing in this area. Property developers might also find this data relevant when assessing future market conditions and potential buyer financial flexibility.
Cost of Living in Harrison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $978 | $1,259 | $1,752 | $1,056 | $1,030 |
| 1 adult 4 children | $978 | $1,028 | $1,339 | $1,056 | $1,093 |
| 2 adults 3 children | $978 | $1,028 | $1,520 | $1,056 | $862 |
| 1 adult 3 children | $978 | $839 | $1,108 | $1,056 | $844 |
| 2 adults 2 children | $742 | $842 | $1,288 | $916 | $746 |
| 1 adult 2 children | $742 | $629 | $876 | $916 | $648 |
| 2 adults 1 child | $742 | $665 | $1,057 | $461 | $708 |
| 1 adult 1 child | $742 | $430 | $644 | $461 | $590 |
| 2 adults | $564 | $534 | $825 | $0 | $610 |
| 1 adult | $538 | $292 | $412 | $0 | $520 |
Safety trends & Data
Harrison County, Kentucky has experienced notable shifts in property crime over the past five years, with a significant decline in burglaries from 7.0 incidents in 2018 to just 1.0 in 2022 and a peak in larceny-theft incidents early in the period before a substantial drop by 2022. Vandalism incidents showed an uptick to 4.0 in 2022, while motor vehicle thefts have remained low but steady. A notable spike in fraud incidents occurred in 2019 but hasn't maintained high levels since. These trends... Read more
Property Crime Trends in Harrison County, KY Over the Last 5 Years
Harrison County, Kentucky has seen fluctuating trends in property crime over the past five years. Notably, incidents of larceny-theft consistently occurred each year, peaking early between 2018 and 2020, before seeing a significant drop by 2022. Burglaries have followed a downward trend, from 7.0 incidents in 2018 to just 1.0 in 2022. Vandalism appears sporadically but showed a notable rise to 4.0 incidents in 2022. Motor vehicle thefts remained relatively low but steady. Importantly, instances of fraud spiked in 2019 but have not maintained such high levels since. For those interested in Harrison County, whether investing, moving, or working within the real estate sector, these crime trends may offer a reassuring sign of declining property crime, particularly in burglary and larceny-theft.
Demographics
Harrison County, Kentucky, shows a roughly equal split between male and female adults, though females make up a slightly larger portion. Educational attainment is diverse, with a significant number of residents having only a high school diploma or some college experience, reflecting a potential area for workforce development. Age distribution leans towards middle-aged individuals, but there's a notable presence of both young children and older adults, hinting at a community with varied... Read more
Race Distribution in Harrison County, Kentucky (2022)
Educational Attainment in Harrison County, Kentucky (2022)
Age Distribution in Harrison County, Kentucky
Citizen Population in Harrison County, Kentucky (2022)
Political Trends & Data
Harrison County, Kentucky, leans predominantly Republican, with roughly 71.5% support in the 2020 Presidential Election. Meanwhile, Democrats lag behind at approximately 27.1%, and minor parties, such as the Libertarians, make up less than 1%. This stark political divide could influence market demands and buyer preferences, indicating a potential draw for residents aligning with conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Harrison County, Kentucky, leans heavily Republican, with about 71.5% of the vote in the 2020 Presidential Election likely favoring the GOP. Democrats trail significantly at around 27.1%, while minor parties like the Libertarians barely make a mark at less than 1%. Voter support for other parties appears almost negligible, suggesting a strong two-party preference in this region.
71.55% of voters voted for the Republican party in the 2020 Presidential Election
27.11% of voters voted for the Democrat party in the 2020 Presidential Election
0.96% 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
Harrison County, Kentucky has seen a generally declining student-to-teacher ratio, dropping from 17 in 2014 to around 14 in 2023. This shift might point to better educational quality, potentially drawing families to the area and sparking interest among property investors. Decreasing ratios often mean more personalized attention in schools, which can impact real estate demand, property values, and even insurance rates, providing valuable insights for both property development and educational... Read more
Student-to-teacher ratio in Harrison County, Kentucky over the last 10 years
Harrison County, Kentucky has shown a fluctuating but overall decreasing trend in the student-to-teacher ratio over the past decade. Notably, the ratio has dropped significantly from 17 in 2014 to approximately 14 in 2023, closely aligning with the national average of 14 students per teacher. This change could be an indicator of improved educational quality, potentially making the area more attractive for families and offering a positive sign for property investors. Lower ratios often signal more personalized attention for students and can influence real estate demands, appraisal values, and even insurance rates, making it intriguing data for anyone involved in property development or educational planning in the region.
