Hopkins County Real Estate and Livability Trends
Hopkins County, Kentucky has displayed a general upward trend in average taxable income per tax return, rising from $49,689.32 in 2013 to $62,040.74 in 2021, suggesting a boost in financial stability that could attract investors. Median home values have grown from $89,500 in 2015 to $125,800 in 2022, which is below state and national trends and might imply more affordable investment... Read more
Hopkins County Market Trends
Median home values in Hopkins County, Kentucky have grown from $89,500 in 2015 to $125,800 in 2022, trailing behind state and national trends, suggesting potential for more affordable investment opportunities. Residential energy tax credits have fluctuated, spiking to $2,550.00 in 2018 before stabilizing around $1,176.92, potentially appealing to eco-conscious buyers. Average real estate taxes... Read more
Median Value of Occupied Housing Units in Hopkins County, Kentucky Over the Last 8 Years
Over the past eight years, median home values in Hopkins County, Kentucky have shown consistent growth, increasing from $89,500 in 2015 to $125,800 in 2022. This growth pace, while strong, still trails behind both the state and national averages. For context, Kentucky's median home values have climbed from $123,200 to $177,000 in the same timeframe, and the national figures have surged from $125,500 to $179,400. This relatively lower increase in Hopkins County suggests potential for more affordable investment opportunities compared to the broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Hopkins County, KY Over the Last 9 Years
Over the past nine years in Hopkins County, Kentucky, there appears to have been notable fluctuations in the average residential energy tax credit per tax return. Starting at about $391.89 in 2013, the credit notably spiked to $2,550.00 in 2018, suggesting perhaps a significant policy change or an increase in energy-efficient investments. Despite a drop to $1,176.92 in 2019, the tax credit has shown signs of stabilization. For those evaluating property value and tax incentives, these trends could point to growing opportunities for energy-efficient property enhancements, which might be appealing to eco-conscious buyers and investors.
Average Real Estate Taxes Per Tax Return in Hopkins County, KY Over the Last 10 Years
In Hopkins County, Kentucky, average real estate taxes per tax return have shown a noticeable increase over the last decade, starting at approximately $1,512.92 in 2012 and peaking at around $3,055.93 in 2020, before slightly declining to $2,992.86 in 2021. A significant jump occurred between 2017 and 2018, where taxes rose from $1,877.81 to $2,818.31. This trend may suggest a growing burden on property owners, which potential investors and homeowners should consider when planning to move or purchase property in this area. While the upward trend indicates a consistent rise in property values, it also poses higher costs for property taxes, which could be a crucial determinant in real estate decisions.
Percentage of Farm Returns in Hopkins County, KY Over the Last 10 Years
Farm tax returns in Hopkins County, Kentucky, could potentially reflect a slight downward trend in the local agricultural sector over the past decade. In 2012, around 3.21% of tax returns were farm-related, whereas by 2021, this figure was approximately 2.71%. While fluctuations occurred, the overall contraction might hint at broader economic shifts or challenges in the farming industry within the county. For investors, property developers, and current residents, this trend might be indicative of changing land use patterns or could affect future economic planning and community development in the area. Understanding these nuances aids in making more informed decisions about investments and projects in Hopkins County.
Number of Mortgages by Occupancy Type in Hopkins County, KY Over the Last 5 Years in Hopkins County
Mortgage trends in Hopkins County, Kentucky, reveal a significant focus on principal residences, evidenced by the higher number of mortgages in this category each year compared to investment and second residences. These shifts in occupancy type can impact the local housing market dynamics, influencing property values, demand for rental properties, and community composition. Investors seeking stability may find the increasing mortgages for principal residences reassuring, indicating potentially strong local economic conditions. For those looking to move, a higher number of primary residences may suggest a community-centric environment. Real estate agents and appraisers can tailor their strategies by recognizing the evolving preferences, while insurance agents might want to consider the varied risks associated with different property types.
Economic Outlook
Over the past nine years, Hopkins County, Kentucky has shown a general upward trend in average taxable income per tax return, climbing from $49,689.32 in 2013 to $62,040.74 in 2021. This trend might make the area appealing to investors as it suggests growing financial stability. Average state and local income taxes have increased too, from $7,181.28 in 2012 to over $10,000.00 in recent years, though they peaked at $11,153.62 in 2018. This higher tax burden could be a consideration for potential... Read more
Average Taxable Income per Tax Return in Hopkins County, KY over the last 9 years
Over the past nine years, Hopkins County, Kentucky has seen a general upward trend in average taxable income per tax return, with notable increases from $49,689.32 in 2013 to $62,040.74 in 2021. There was a slight dip in 2016, but the overall growth suggests that the area's economic situation may be improving. This could be attractive for investors and developers looking at a more financially stable population. For real estate agents and property developers, the increase in taxable income could hint at greater spending power among residents, potentially raising home values. Insurance agents might also view these trends as indicative of a lower-risk area in terms of financial stability.
Average State and Local Income Taxes Per Tax Return in Hopkins County, KY Over the Last 10 Years
Over the past decade, Hopkins County, Kentucky has seen a notable increase in average state and local income taxes per tax return. From $7,181.28 in 2012, taxes gradually escalated, peaking noticeably to $11,153.62 in 2018. Although there was a slight decline post-2018, figures remained above $10,000.00, indicating a significant rise compared to earlier years. This trend can impact decisions for potential homeowners and investors considering the tax climate in the area.
Average Total Tax Liability Per Tax Return in Hopkins County, KY Over the Last 10 Years
Over the past decade, average total tax liability per tax return in Hopkins County, Kentucky has fluctuated, peaking at $8,911.90 in 2021 and dipping as low as $7,086.28 in 2020. This variability could indicate shifting economic conditions or policy changes that are impacting taxpayers' bottom lines. Investors, potential residents, and developers might find this tax environment worth monitoring for its potential influence on disposable income and overall financial planning.
Cost of Living in Hopkins County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,072 | $1,283 | $1,721 | $1,012 | $1,061 |
| 1 adult 4 children | $1,072 | $1,048 | $1,315 | $1,012 | $1,131 |
| 2 adults 3 children | $1,072 | $1,048 | $1,493 | $1,012 | $886 |
| 1 adult 3 children | $1,072 | $856 | $1,088 | $1,012 | $902 |
| 2 adults 2 children | $819 | $858 | $1,266 | $878 | $782 |
| 1 adult 2 children | $819 | $641 | $860 | $878 | $671 |
| 2 adults 1 child | $819 | $678 | $1,038 | $442 | $730 |
| 1 adult 1 child | $819 | $438 | $633 | $442 | $610 |
| 2 adults | $622 | $545 | $811 | $0 | $628 |
| 1 adult | $551 | $297 | $405 | $0 | $519 |
Safety trends & Data
Hopkins County, Kentucky has experienced varied trends in property crimes over the last five years, with declines in some areas and fluctuating patterns in others. Arson peaked at 5.00 incidents in 2018 but dropped to 2.00 by 2022. Burglary arrests decreased from 47.00 in 2018 to 36.00 in 2022, and Larceny - Theft cases saw a more significant drop from 113.00 to 73.00 in the same period. Meanwhile, there's variability in Motor Vehicle Theft and Fraud, but significant reductions in Forgery and... Read more
Property Crime Trends in Hopkins County, KY Over the Last 5 Years
Hopkins County, Kentucky, has seen varied trends in property crimes over the last five years, with noticeable declines in some areas and fluctuating patterns in others. Arson incidents have remained low, peaking at 5.00 in 2018 and dropping to 1.00 and 2.00 in subsequent years. Burglary arrests have generally decreased from 47.00 in 2018 to 36.00 in 2022, while Larceny - Theft trends show a more significant decline from 113.00 to 73.00 in the same period. In contrast, Motor Vehicle Theft and Fraud show variability, but there's a notable reduction in cases like Forgery and Counterfeiting, dropping from 49.00 in 2018 to 11.00 in 2022. These trends provide crucial insights for investors, real estate agents, and others interested in the safety and economic stability of properties in Hopkins County.
Demographics
The data from Hopkins County, Kentucky, indicates a nearly equal gender split among adults, with females possibly holding a slight majority. The population seems to be weighted towards middle-aged and older adults, underscoring potential community needs for healthcare and senior services. Educational attainment likely skews towards high school graduates, with a noticeable drop-off for those holding bachelor’s or higher degrees, which might suggest areas where local educational programs could... Read more
Race Distribution in Hopkins County, Kentucky (2022)
Educational Attainment in Hopkins County, Kentucky (2022)
Age Distribution in Hopkins County, Kentucky
Citizen Population in Hopkins County, Kentucky (2022)
Political Trends & Data
Hopkins County, Kentucky showed a strong tendency towards the Republican party in the 2020 U.S. Presidential Election, with Republicans estimated to have acquired around 73% of the vote. The Democratic party, conversely, managed only about 25%, indicating a pronounced two-party dominance with Republicans holding a considerable edge. The Libertarian vote was notably minor, further highlighting the area's strong leaning towards the two main... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hopkins County in Kentucky leaned heavily towards the Republican party in the 2020 U.S. Presidential Election, with Republicans potentially capturing approximately 73% of the vote. Democrats lagged significantly, possibly gathering around 25%. The Libertarian vote was minimal, and other parties barely made an impact, suggesting a strong two-party dominance in this area.
73.26% of voters voted for the Republican party in the 2020 Presidential Election
25.29% of voters voted for the Democrat party in the 2020 Presidential Election
1.05% of voters voted for the Livertarian party in the 2020 Presidential Election
0.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hopkins County, Kentucky has seen its student-to-teacher ratio fall to about thirteen students per teacher in 2023, down from over fourteen students in 2018. This subtle decrease hints at a growing emphasis on individualized attention and better educational environments, potentially lifting property values and drawing families focused on quality education. For investors and real estate developers, this shift indicates a community investing in its educational infrastructure, making Hopkins... Read more
Student-to-teacher ratio in Hopkins County, Kentucky over the last 10 years
Hopkins County, Kentucky has seen its student-to-teacher ratio hover close to the national average of 14 students per teacher, with a subtle trend towards smaller class sizes in recent years. In 2023, the ratio stands at approximately thirteen students per teacher, a decrease from its peak of over fourteen students in 2018. This trend potentially indicates an increased focus on individualized attention and improved educational environments, which could positively impact property values and attract families prioritizing quality education. For investors, real estate developers, and insurance agents, this shift suggests a community investing in its education infrastructure, making it a potentially appealing location for growth and long-term stability.
