Hickman County Real Estate and Livability Trends
Hickman County, Kentucky, has seen notable trends that could impact the real estate market. Home values surged from $68,400 in 2015 to $112,700 in 2022, showing significant appreciation. Average taxable income rose to $52,541.53 in 2021, signaling economic growth that might attract investors. Real estate taxes have climbed, indicating rising property values or tax rates. A dip in farm returns... Read more
Hickman County Market Trends
In Hickman County, Kentucky, median home values have surged from $68,400 in 2015 to $112,700 in 2022, suggesting potential market shifts. Average real estate taxes per return also climbed significantly, from $918.75 in 2012 to $1,633.33 by 2021, indicating either rising property values or increased tax rates. Notably, the percentage of farm returns dropped from 10.36% in 2012 to around 8.34% in... Read more
Median Value of Occupied Housing Units in Hickman County, Kentucky Over the Last 8 Years
In Hickman County, Kentucky, median home values have shown substantial growth over the last eight years, with an increase from $68,400 in 2015 to $112,700 in 2022. While still below both the state of Kentucky's 2022 median of $177,000 and the national median of $179,400, the steep rise in 2022 suggests a potential shift in the market dynamics in this county. This trend could be appealing for investors looking for emerging opportunities or for those considering relocating to a less expensive area poised for future growth.
Residential Energy Tax Credit Per Tax Return in Hickman County, KY Over the Last 4 Years
Over the past four years, Hickman County, Kentucky has seen fluctuations in the average residential energy tax credit per tax return. Despite some volatility, there was a significant increase by 2016, with the credit averaging $400.00. This trend may indicate a growing investment in energy-efficient improvements among homeowners, potentially reflecting rising interest in sustainability, and could influence property values and appeal for prospective buyers or investors.
Average Real Estate Taxes Per Tax Return in Hickman County, KY Over the Last 10 Years
Average real estate taxes per tax return in Hickman County, Kentucky have shown a clear upward trajectory over the past decade. Starting from $918.75 in 2012, the amount rose steadily to $1,633.33 by 2021, peaking at $1,766.67 in both 2019 and 2020. This increasing trend may suggest rising property values or increased municipal tax rates, making it crucial for potential investors and homeowners to account for these growing expenses when considering property in the area. The data underscores the importance for appraisal and real estate professionals to stay updated with these shifts in tax implications for accurate property valuations and financial planning.
Percentage of Farm Returns in Hickman County, KY Over the Last 10 Years
Over the last decade, the percentage of farm returns in Hickman County, Kentucky, has seen a gradual decline. Starting at approximately 10.36% in 2012 and 2013, the rate dropped to around 8.34% by 2021. Farms in this region might be under economic pressures or shifting land use priorities. This trend could suggest changes in the agricultural viability or profitability in the area, which is something potential investors or new residents should consider.
Number of Mortgages by Occupancy Type in Hickman County, KY Over the Last 5 Years in Hickman County
Mortgage data from the past five years in Hickman County, Kentucky highlights a consistent preference for principal residences, with significant fluctuations each year, peaking at 77 in 2020 and dropping to 64 in 2022. Investment properties show a minimal yet steady count of 1 mortgage annually, while second residences exhibit low but notable variability. These trends could interest investors considering market stability, homebuyers prioritizing primary homes, and insurance agents assessing regional risk factors. A shift in these patterns may signal changes in local economic conditions, impacting future property values and development opportunities. Real estate professionals can leverage this to advise clients accurately and tap into emerging market segments.
Economic Outlook
Hickman County, Kentucky, shows an overall increase in average taxable income, reaching $52,541.53 in 2021, indicating a strengthening economy that may boost property values and market stability. Income tax fluctuations, notable in 2015 and 2018, and a dip in 2019, suggest a variable tax burden which could impact financial strategies for investors. The total tax liability per tax return also showed volatility, peaking at $6,974.45 in 2015, pointing to an unpredictable economic environment with... Read more
Average Taxable Income per Tax Return in Hickman County, KY over the last 9 years
Hickman County, Kentucky, has seen a general upward trajectory in average taxable income over the past nine years, peaking at $52,541.53 in 2021. Although there were slight dips around 2016 and 2018, the overall trend suggests a strengthening local economy. This could be promising for real estate investors, insurance agents, and those considering moving to the area, as increasing incomes may correlate with rising property values and a more robust market. Such trends may also indicate financial stability for residents and potential business opportunities.
Average State and Local Income Taxes Per Tax Return in Hickman County, KY Over the Last 10 Years
Over the last decade, Hickman County, Kentucky has experienced fluctuations in average state and local income taxes per tax return, with notable peaks in 2015 ($7,142.31) and 2018 ($7,040.00). Interestingly, there was a substantial dip in 2019, dropping to $5,320.00, indicating a period of relative tax relief. For potential investors or those considering relocation, the data suggests a variable tax burden, which could factor into financial planning and long-term investments.
Average Total Tax Liability Per Tax Return in Hickman County, KY Over the Last 10 Years
Hickman County, Kentucky has seen a somewhat erratic trend in average total tax liability per tax return over the last decade, ranging from a low of approximately $5,861.48 in 2018 to a peak of around $6,974.45 in 2015. The fluctuations indicate a volatile economic environment, which may be influenced by various factors such as local employment rates, income levels, and property values. Prospective investors, developers, and residents should consider this variability as it highlights the potential for both risks and opportunities in the area’s economic landscape.
Cost of Living in Hickman County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $995 | $1,231 | $1,746 | $1,012 | $1,054 |
| 1 adult 4 children | $995 | $1,005 | $1,335 | $1,012 | $1,097 |
| 2 adults 3 children | $995 | $1,005 | $1,515 | $1,012 | $861 |
| 1 adult 3 children | $995 | $821 | $1,104 | $1,012 | $870 |
| 2 adults 2 children | $742 | $823 | $1,284 | $878 | $757 |
| 1 adult 2 children | $742 | $615 | $873 | $878 | $663 |
| 2 adults 1 child | $742 | $650 | $1,053 | $442 | $722 |
| 1 adult 1 child | $742 | $420 | $642 | $442 | $603 |
| 2 adults | $569 | $522 | $822 | $0 | $626 |
| 1 adult | $538 | $285 | $411 | $0 | $532 |
Safety trends & Data
Hickman County, Kentucky has seen fluctuating property crime trends, with burglary incidents holding steady at 3.00 incidents in both 2021 and 2022. Larceny-theft peaked in 2019 at 2.00 incidents but dropped to 1.00 in 2020. Other crimes like vandalism, fraud, and embezzlement are sporadic with low numbers, suggesting a relatively safe area for real estate investments, though the consistent burglary rate could be a minor... Read more
Property Crime Trends in Hickman County, KY Over the Last 5 Years
Hickman County, Kentucky has experienced relatively low but varied property crime trends over the past five years. Burglary appears notable with consistent recordings in 2021 and 2022 at 3.00 incidents each year. Larceny-theft peaked in 2019 with 2.00 incidents but saw a drop to 1.00 in 2020. Other crimes like vandalism, fraud, and embezzlement remain sporadic with low incident numbers. Real estate and insurance professionals might find this data suggests relative safety in the area, albeit with a small concerning trend of increased burglary.
Demographics
Hickman County's adult population skews slightly female, which may have implications for community services and political representation. Educational attainment reveals a substantial portion of residents have only a high school diploma, suggesting potential for growth in higher education initiatives. Age distribution indicates a more significant older population, possibly affecting healthcare services and age-related community planning. Racial demographics show an overwhelmingly white... Read more
Race Distribution in Hickman County, Kentucky (2022)
Educational Attainment in Hickman County, Kentucky (2022)
Age Distribution in Hickman County, Kentucky
Citizen Population in Hickman County, Kentucky (2022)
Political Trends & Data
Hickman County, Kentucky, saw a potential 78% of votes favoring the Republican Party in the 2020 U.S. Presidential Election, highlighting a significant conservative inclination. The Democratic candidate collected just over 20%, underscoring the limited liberal support in the area. Minor parties, like the Libertarians, barely made an impact, and the Green Party had negligible to no backing. This suggests a deeply rooted conservative sentiment that could influence local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hickman County in Kentucky leaned heavily towards the Republican Party in the 2020 U.S. Presidential Election, with nearly 78% of the vote potentially going to the GOP. The Democratic candidate garnered slightly over 20%, indicating a significant tilt in voter preference. Minor parties like the Libertarian Party received minimal support, and the Green Party had negligible or no backing. This distribution suggests a strong conservative presence in the county, reflective of broader regional trends.
77.94% of voters voted for the Republican party in the 2020 Presidential Election
20.83% of voters voted for the Democrat party in the 2020 Presidential Election
0.95% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hickman County, Kentucky, has experienced notable fluctuations in its student-to-teacher ratios over the past decade, dipping below the national average of fourteen students per teacher in key years such as 2014, 2017, 2021, 2022, and hitting a low of thirteen in 2023. These shifts could indicate changes in school funding or population dynamics and are significant for potential investors and home buyers evaluating the area's educational infrastructure. Real estate agents may find these trends... Read more
Student-to-teacher ratio in Hickman County, Kentucky over the last 10 years
Hickman County, Kentucky has seen some shifts in their student-to-teacher ratios over the past decade. Notably, the ratio hovered around the national average of fourteen students per teacher, dipping below this threshold in the years 2014, 2017, 2021, 2022, and reaching its lowest at thirteen in 2023. Such fluctuations might suggest variability in school funding or population changes, which can be crucial for potential investors or home buyers considering the area's educational infrastructure. For real estate agents and appraisers, these trends might affect property values, as schools with lower student-to-teacher ratios can often be a selling point for families. Additionally, insurance agents might consider these ratios when assessing risks and premiums, especially if lower ratios are associated with better student performance and engagement.
