Hart County Real Estate and Livability Trends
Hart County, Kentucky has seen a notable rise in average taxable income per tax return, increasing from $33,713.99 in 2013 to $48,614.03 in 2021, indicating a potentially strengthening local economy which might positively affect property values. The housing market has also shown a strong upward trend, with median values climbing by over 38% in eight years to $115,500 by 2022. However, this... Read more
Hart County Market Trends
In Hart County, Kentucky, the housing market has shown a robust upward trajectory, with median values rising over 38% in eight years to $115,500 by 2022, though still below Kentucky's median of $177,000 and the U.S. median of $179,400. There's also been variability in the residential energy tax credit, with notable increases like the surge from $633.33 in 2017 to $1,700.00 in 2018, reflecting... Read more
Median Value of Occupied Housing Units in Hart County, Kentucky Over the Last 8 Years
Despite Hart County, Kentucky's housing market starting at a lower median value compared to state and national figures, there's been a solid upward trajectory, reaching $115,500 in 2022, indicating a more than 38% appreciation over eight years. This growth rate could be attractive for potential investors or those looking to build property locally. Even though these values remain below the Kentucky median of $177,000 and the U.S. median of $179,400 in 2022, the consistent rise suggests the area is becoming increasingly favorable for homebuyers and investors.
Residential Energy Tax Credit Per Tax Return in Hart County, KY Over the Last 9 Years
Hart County, Kentucky has seen notable fluctuations in the average residential energy tax credit per tax return over the last nine years. The credit amount surged dramatically, with a particularly sharp increase from $633.33 in 2017 to $1,700.00 in 2018, and then tapering off to $1,112.50 by 2021. These trends suggest variability in residential energy investments, likely influenced by policy changes or increases in energy-efficient home improvements. For investors, real estate agents, and appraisers, understanding these patterns could highlight economic incentives tied to green energy initiatives, which may impact property values and market dynamics.
Average Real Estate Taxes Per Tax Return in Hart County, KY Over the Last 10 Years
Over the past decade, Hart County, Kentucky has experienced a noticeable increase in average real estate taxes per tax return, climbing from around $1,167.47 in 2012 to approximately $1,872.73 in 2021. This upward trend might imply a strong real estate market and rising property values, which could be of particular interest to potential investors, real estate agents, or those considering moving to the area. For insurance agents and appraisers, this trend could signal a need for revised property valuations in the county.
Percentage of Farm Returns in Hart County, KY Over the Last 10 Years
Hart County, Kentucky has experienced a slight but noticeable decline in the percentage of farm tax returns over the last decade. Starting at 18.01% in 2012, the percentage gradually decreased, arriving at 16.11% in 2021. This trend might suggest that fewer residents are engaging in farming operations or that farming activities are becoming less economically significant compared to other sectors in the county. For potential investors, movers, or property developers, this could indicate a shift in the local economy and availability of agricultural land, possibly opening up opportunities in other emerging areas.
Number of Mortgages by Occupancy Type in Hart County, KY Over the Last 5 Years in Hart County
Hart County, Kentucky has seen a fluctuating trend in the number of mortgages across different occupancy types over the past five years. Mortgages for principal residences show a notable upward and then a slight downward trend, peaking in 2021 at 862 before dropping to 677 in 2022. Investment properties have also seen a gradual increase, with counts rising from 20 in 2018 to 54 in 2022. Second residences, on the other hand, experienced a peak in 2020 at 44 but have otherwise remained relatively low. These shifts in occupancy types impact numerous facets: investors can gauge market demand, potential homeowners can infer competition levels, appraisors and insurance agents get clues on community stability, and builders or developers can strategize their projects accordingly. Changes in occupancy types can also influence real estate agents' listings strategies and might affect the local economy's dynamics.
Economic Outlook
Hart County, Kentucky has seen a notable upward trend in average taxable income per tax return, rising from $33,713.99 in 2013 to $48,614.03 in 2021. This suggests a potentially strengthening local economy which may positively influence property values and investment potential. Additionally, the county has experienced a significant rise in average state and local income taxes per tax return, from $4,445.88 in 2012 to $10,240.00 in 2021, indicating growing fiscal obligations that could reflect... Read more
Average Taxable Income per Tax Return in Hart County, KY over the last 9 years
Over the past nine years, Hart County, Kentucky has shown a notable upward trend in average taxable income per tax return, climbing from around $33,713.99 in 2013 to approximately $48,614.03 in 2021. This steady increase might suggest a strengthening local economy, possibly making Hart County an appealing area for investment and real estate development. Higher average incomes could influence property values positively and may also impact insurance premiums. For those considering moving to Hart County or real estate professionals within the region, this growth pattern could indicate enhanced economic opportunities and a potentially favorable market for new residents and businesses.
Average State and Local Income Taxes Per Tax Return in Hart County, KY Over the Last 10 Years
Hart County, Kentucky has seen a notable rise in average state and local income taxes per tax return over the last decade. Starting at $4,445.88 in 2012, the amount has increased significantly, peaking at $10,240.00 in 2021. This trend indicates a nearly 130% increase, underscoring rising fiscal obligations for residents. For potential investors or property developers, this could reflect expanding public services or infrastructural improvements funded by tax revenues. However, for those considering moving to the county, it is crucial to account for these growing tax expenses in budgeting and financial planning.
Average Total Tax Liability Per Tax Return in Hart County, KY Over the Last 10 Years
Over the past decade, Hart County in Kentucky has generally seen a steady increase in the average total tax liability per tax return, rising from $3,655.96 in 2012 to $6,021.72 in 2021. Notable spikes around 2020 and 2021 suggest fluctuations that could be attributed to economic conditions or policy changes. This trend might indicate a growing local economy or shifts in tax regulations and could be a factor for those considering financial commitments in the area.
Cost of Living in Hart County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $979 | $1,247 | $1,820 | $1,012 | $1,048 |
| 1 adult 4 children | $979 | $1,018 | $1,392 | $1,012 | $1,082 |
| 2 adults 3 children | $979 | $1,018 | $1,579 | $1,012 | $854 |
| 1 adult 3 children | $979 | $831 | $1,151 | $1,012 | $855 |
| 2 adults 2 children | $742 | $834 | $1,338 | $878 | $755 |
| 1 adult 2 children | $742 | $623 | $910 | $878 | $656 |
| 2 adults 1 child | $742 | $659 | $1,097 | $442 | $719 |
| 1 adult 1 child | $742 | $426 | $669 | $442 | $598 |
| 2 adults | $564 | $529 | $856 | $0 | $622 |
| 1 adult | $557 | $289 | $428 | $0 | $537 |
Safety trends & Data
Hart County, Kentucky has seen notable fluctuations in property crime trends over the past five years. Burglary incidents peaked at 7 cases in both 2018 and 2021, while stolen property reports reached their highest at 9 in 2021. Larceny-theft incidents varied but remained relatively low, maxing at 5 cases in 2019 and 2021. Forgery and counterfeiting saw sporadic occurrences, with the highest being 3 cases in 2019. This volatility in specific property crimes may influence decisions for... Read more
Property Crime Trends in Hart County, KY Over the Last 5 Years
Hart County, Kentucky has seen interesting fluctuations in property crime trends over the past five years. Burglary and stolen property incidents seem to have notable peaks, particularly in 2018 and 2021, with burglary incidents reaching as high as 7 cases in both years while stolen property reports peaked at 9 in 2021. Larceny-theft displayed a more variable pattern but remained relatively low with a high of 5 incidents in both 2019 and 2021. Forgery and counterfeiting incidents had intermittent occurrences, with the highest reporting at 3 in 2019. This data suggests potential volatility in specific types of property crimes, which could be crucial for prospective investors, homeowners, and law enforcement agencies when considering the safety and risk factors in Hart County.
Demographics
Hart County, Kentucky, shows a nearly balanced gender distribution with a slight skew towards females. Educational attainment is predominantly high school graduates, though higher education rates are significantly lower, suggesting potential challenges in workforce qualification. The age distribution highlights a significant portion of the population in their senior years, indicating future demand for age-related services. Racial diversity appears limited, with a predominantly White demographic... Read more
Race Distribution in Hart County, Kentucky (2022)
Educational Attainment in Hart County, Kentucky (2022)
Age Distribution in Hart County, Kentucky
Citizen Population in Hart County, Kentucky (2022)
Political Trends & Data
In Hart County, Kentucky, the 2020 U.S. Presidential Election results indicate a strong conservative presence, with the Republican party receiving roughly 76% of the votes. This could imply that traditional values and preferences dominate the local electorate, potentially impacting various aspects of community life, including real estate trends and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hart County, Kentucky, the 2020 U.S. Presidential Election results seem to lean significantly towards the Republican party, which garnered approximately 76% of the votes. The Democratic party received around 23%, potentially indicating a strong conservative presence in the area. The Libertarian party and other smaller parties garnered a minimal share of votes, hinting at limited influence compared to the major parties. This distribution of votes might suggest predominantly traditional values and preferences within the local electorate.
75.82% of voters voted for the Republican party in the 2020 Presidential Election
22.80% of voters voted for the Democrat party in the 2020 Presidential Election
0.91% of voters voted for the Livertarian party in the 2020 Presidential Election
0.48% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hart County, Kentucky's student-to-teacher ratio has shifted notably over the past decade. It began below the national average, climbed to 15 students per teacher in 2020, then declined to nearly 13 recently. These changes matter to real estate agents, investors, and families as they reflect on educational quality, potentially attracting homebuyers seeking robust schools. For educational planners, the fluctuations inform future infrastructure and resource allocation... Read more
Student-to-teacher ratio in Hart County, Kentucky over the last 10 years
Hart County, Kentucky's student-to-teacher ratio showed notable fluctuations over the last decade. Starting below the national average of 14 students per teacher, the ratio increased and peaked at 15 students in 2020, potentially indicating larger class sizes and less individualized attention during that period. However, it has since declined, sitting at nearly 13 in recent years, suggesting a return to smaller classes. This trend may be significant for real estate agents, investors, and families evaluating local education quality, as lower ratios often correlate with more personalized instruction and could attract families seeking robust educational environments. For those in the educational sector and community planners, understanding these numbers helps in forecasting resource needs and planning for future educational infrastructure developments.
