Henderson County Real Estate and Livability Trends
Henderson County, Kentucky, has experienced a steady rise in average taxable income per tax return, jumping from $49,020.18 in 2013 to $61,912.49 in 2021—an indicator of mild economic growth. Interestingly, real estate has shown a marked upswing with median home values rising from $105,500 in 2015 to $156,200 in 2022, underscoring potential investment opportunities due to relatively affordable... Read more
Henderson County Market Trends
Henderson County, Kentucky's real estate market has seen a marked rise in median home values, increasing from $105,500 in 2015 to $156,200 in 2022, although still behind state and national medians. This could present investment opportunities due to relatively affordable property prices with appreciation potential. Residential energy tax credits have increased recently, reflecting heightened... Read more
Median Value of Occupied Housing Units in Henderson County, Kentucky Over the Last 8 Years
Over the last 8 years, the median home values in Henderson County, Kentucky have consistently trended upward, jumping from $105,500 in 2015 to $156,200 in 2022. While this increase is significant, it still trails behind Kentucky's state median values, which reached $177,000 in 2022, and the national median of $179,400. This could suggest potential value for investors and buyers looking for relatively more affordable property options with room for appreciation within Henderson County, especially as the gap widens between local, state, and national prices.
Residential Energy Tax Credit Per Tax Return in Henderson County, KY Over the Last 8 Years
Residential energy tax credits in Henderson County, Kentucky have shown noteworthy fluctuations over the past eight years. After a dip in 2015 to $375.00, there's been a significant increase, particularly in recent years with values climbing to $676.19 in 2020 and slightly stabilizing at $642.86 in 2021. Such trends suggest a growing investment in energy-efficient home improvements, potentially driven by increased awareness and incentives. This could be appealing for investors, real estate agents, and homeowners seeking tax benefits and energy savings, ultimately boosting the county's appeal from a sustainability standpoint.
Average Real Estate Taxes Per Tax Return in Henderson County, KY Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Henderson County, Kentucky have generally seen a significant upward trend, starting at $1,844.19 in 2012 and climbing to $3,577.78 by 2021, with a notable spike occurring in 2018. This sharp increase could be of particular interest to investors, real estate agents, or anyone considering relocating to or investing in this area. It suggests potential rising property values and changing municipal budget requirements, which may influence future property-related decisions and financial planning.
Percentage of Farm Returns in Henderson County, KY Over the Last 10 Years
Over the last 10 years, the percentage of farm tax returns in Henderson County, Kentucky appears to experience a gradual decline. Starting at about 2.05% in 2012, the percentage decreases to approximately 1.72% by 2021. For prospective investors or individuals interested in agricultural ventures, this trend could indicate potential adjustments in the local farming industry or economic shifts. Farm tax returns reflect the financial activities and profitability of farms in the county, serving as a subtle indicator of agricultural health and trends. This information is key for understanding the dynamics of rural property investments and the viability of agriculture in the region.
Number of Mortgages by Occupancy Type in Henderson County, KY Over the Last 5 Years in Henderson County
Mortgage trends in Henderson County, Kentucky show a gradual increase in principal residence mortgages peaking in 2020 with a significant drop in 2022. Investment property mortgages have remained relatively stable, while second residence mortgages consistently show minimal activity. This shift towards higher rates of homeownership could indicate changing demographics or economic conditions. Investors and developers might find opportunities in the relatively untapped second residence market, while real estate agents and appraisers should consider the implications of stable investment property demand amidst fluctuating principal residence figures. Insurance agents might note potential shifts in policy needs corresponding to these trends.
Economic Outlook
Henderson County, Kentucky, has seen a consistent rise in average taxable income per tax return over the past nine years, increasing from $49,020.18 in 2013 to $61,912.49 in 2021. This trend hints at economic growth and a potentially attractive investment environment. Meanwhile, state and local income taxes have doubled in the past decade, with significant increases post-2017, possibly impacting both residents and investors' financial strategies. Total tax liability per tax return also saw... Read more
Average Taxable Income per Tax Return in Henderson County, KY over the last 9 years
Over the past nine years, Henderson County, Kentucky has seen an upward trend in average taxable income per tax return, rising from $49,020.18 in 2013 to $61,912.49 in 2021. This steady increase suggests a growing economy, which might be of particular interest to potential investors and real estate professionals. The most significant jump occurred between 2020 and 2021, hinting at a recent boost in economic conditions or high-income population migration. Builders and appraisers could see this as an opportunity to tap into a potentially lucrative market, while insurance agents might adjust their policies to match the rising incomes.
Average State and Local Income Taxes Per Tax Return in Henderson County, KY Over the Last 10 Years
Henderson County, located in Kentucky, has seen a significant upward trend in state and local income taxes per tax return over the last decade. From $6,303.84 in 2012, these taxes have surged to $11,776.56 by 2021. The most notable increases occurred after 2017, jumping from $7,231.89 to close to $10,000 in 2018, and continue to rise sharply, reflecting economic changes potentially tied to local policy shifts or economic growth. This rising tax landscape might impact decisions for prospective residents and investors, emphasizing the need to weigh financial implications when considering the area.
Average Total Tax Liability Per Tax Return in Henderson County, KY Over the Last 10 Years
Over the past decade, Henderson County, Kentucky has experienced fluctuations in average total tax liability per tax return, with notable peaks in 2014, 2017, and a substantial rise in 2021 reaching $8,867.23. These trends might suggest varying economic factors impacting taxpayers, such as changes in local economic conditions, tax legislation, or shifts in income levels. This data may be particularly relevant for potential investors, property developers, and residents who are looking to understand the financial landscape and make informed decisions related to taxes and overall cost of living in the area.
Cost of Living in Henderson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,063 | $1,283 | $1,758 | $1,357 | $1,160 |
| 1 adult 4 children | $1,063 | $1,048 | $1,343 | $1,357 | $1,240 |
| 2 adults 3 children | $1,063 | $1,048 | $1,526 | $1,357 | $962 |
| 1 adult 3 children | $1,063 | $856 | $1,111 | $1,357 | $1,014 |
| 2 adults 2 children | $821 | $858 | $1,294 | $1,191 | $854 |
| 1 adult 2 children | $821 | $641 | $879 | $1,191 | $784 |
| 2 adults 1 child | $821 | $678 | $1,062 | $653 | $791 |
| 1 adult 1 child | $821 | $438 | $647 | $653 | $654 |
| 2 adults | $657 | $545 | $830 | $0 | $630 |
| 1 adult | $583 | $297 | $415 | $0 | $519 |
Safety trends & Data
Henderson County, Kentucky has experienced fluctuating property crime rates over the last five years. Larceny-theft remains the most common crime, peaking at 244 incidents in 2018. Burglary rates dropped significantly from 56 incidents in 2018 to 30 in 2020, but then surged back to 49 by 2022. Vandalism saw a notable increase in 2021, jumping to 63 cases from an average of around 29 previously. These trends could be critical for property investors, real estate agents, insurance agents, and... Read more
Property Crime Trends in Henderson County, KY Over the Last 5 Years
Henderson County, Kentucky has seen fluctuations in property crime rates over the last five years. Larceny-theft has consistently been the most prevalent crime, with the highest occurrence in 2018 at 244 incidents. There appears to be a notable downtrend in overall burglary rates since 2018, dropping from 56 to 30 incidents by 2020, but spiking back to 49 in 2022. Vandalism figures notably increased in 2021 to 63 cases from a steady average of around 29 cases in prior years, indicating possible shifts in local vandal activity patterns. These trends could be crucial for property investors, real estate agents, insurance agents, and residents seeking insights into the area's safety and potential risk factors.
Demographics
Henderson County, Kentucky has a relatively balanced gender distribution with slightly more females than males. A significant portion of the population has at least a high school diploma, but a noticeable number of residents have some college education without a degree. The age distribution suggests a fairly even spread across different age groups, with a slight concentration in the 35-64 years range. In terms of racial diversity, the county is predominantly White, with small percentages... Read more
Race Distribution in Henderson County, Kentucky (2022)
Educational Attainment in Henderson County, Kentucky (2022)
Age Distribution in Henderson County, Kentucky
Citizen Population in Henderson County, Kentucky (2022)
Political Trends & Data
In Henderson County, Kentucky, the 2020 presidential election outcomes appear to highlight a pronounced conservative inclination, with the Republican candidate receiving approximately 61.5% of the vote. The Democratic candidate secured around 36.9%, while third-party contenders were barely on the radar, gathering just about 1.1% and 0.4% of the votes. This political landscape may have implications for the local real estate market, potentially attracting buyers with similar ideologies seeking... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Henderson County, Kentucky, the 2020 presidential election results show a notable preference for the Republican party, which garnered around 61.5% of the votes compared to the Democratic party's 36.9%. Support for third-party candidates, including the Libertarian and other minor parties, was minimal with only approximately 1.1% and 0.4% of the vote share respectively. This distribution could imply a stronger conservative leaning among voters in this area.
61.53% of voters voted for the Republican party in the 2020 Presidential Election
36.92% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
Henderson County, Kentucky's student-to-teacher ratio has seen variability over the last decade, peaking at 18 in 2017 and dropping to 15 in 2021. Currently, it's at 16, slightly above the national average of 14. This ratio is an important metric for assessing education quality, which may influence property values and demand, as areas perceived to offer better education can be more attractive to... Read more
Student-to-teacher ratio in Henderson County, Kentucky over the last 10 years
The student-to-teacher ratio in Henderson County, Kentucky has fluctuated over the past decade, with a high of 18 in 2017 and a notable drop to 15 in 2021. Currently, the ratio stands at 16, which is slightly above the national average of 14 students per teacher. These shifts in student-to-teacher ratios can have implications for various stakeholders: higher ratios might suggest more crowded classrooms, potentially impacting the quality of education and individual attention students receive, making it a critical metric for parents, educators, and policy makers to monitor. For investors, real estate agents, and those looking to move, a lower student-to-teacher ratio is often perceived as a marker of better education quality, thus potentially influencing property values and demand in the area.
