Jackson County Real Estate and Livability Trends
In Jackson County, Kentucky, median home values have surged from $65,900 in 2015 to $101,900 in 2022, creating a unique opportunity for affordable investment. This upward trend in property values is also reflected in the spike of real estate taxes to $2,325.00 in 2020. Residential energy tax credits hit $625.00 per tax return by 2021, indicating a rising interest in energy-efficient home... Read more
Jackson County Market Trends
Jackson County, Kentucky has seen its median home values jump from $65,900 in 2015 to $101,900 in 2022, still well below both state and national averages. This disparity appears to offer a unique opportunity for affordable investment and growth in the region. Residential energy tax credits peaked notably at $625.00 per tax return in 2021, hinting at a growing interest in energy-efficient home... Read more
Median Value of Occupied Housing Units in Jackson County, Kentucky Over the Last 8 Years
Over the past eight years, Jackson County, Kentucky has experienced fluctuations in median home values, with a significant rise from $65,900 in 2015 to $101,900 in 2022. This increase, while stark, still places the median home value well below the state average of $177,000 and the national average of $179,400 for 2022. Such a disparity in home values might present a unique opportunity for potential investors or homebuyers seeking affordability and potential growth in this region.
Residential Energy Tax Credit Per Tax Return in Jackson County, KY Over the Last 7 Years
Over the last seven years in Jackson County, Kentucky, the average residential energy tax credit per tax return has shown some fluctuations, peaking notably in 2021 at $625.00. This trend suggests a growing interest and possibly investment in energy-efficient home improvements among residents. The spike in 2021 may indicate a response to increased incentives or a rise in awareness about energy savings. These insights are quite relevant for those considering property investments, as homes with recent energy-efficient upgrades could offer future tax advantages and appeal to environmentally-conscious buyers.
Average Real Estate Taxes Per Tax Return in Jackson County, KY Over the Last 10 Years
Over the past decade, Jackson County, Kentucky has seen notable fluctuations in average real estate taxes per tax return. From a low of approximately $1,062.26 in 2012, the average taxes have generally trended upwards, spiking significantly in 2018 to $1,700.00 and reaching a high of $2,325.00 in 2020. This dramatic increase could suggest rising property values or adjustments in tax rates, factors that might be crucial for investors, real estate professionals, and anyone considering moving to this area. The decline to $1,800.00 in 2021 indicates potential volatility, which is worth considering for future financial planning and real estate decisions.
Percentage of Farm Returns in Jackson County, KY Over the Last 10 Years
Over the past decade, Jackson County, Kentucky has seen fluctuations in the percentage of farm tax returns, with a peak around 12.95% in 2013 and a notable decline to 10.22% in 2020. Farm tax returns, representing filings by individuals or entities primarily engaged in farming activities, can provide insights into the agricultural health and economic trends of the region. For those interested in investing, moving, or building property in Jackson County, it may be useful to consider these trends as an indicator of the local agricultural economy's stability and potential growth areas.
Number of Mortgages by Occupancy Type in Jackson County, KY Over the Last 5 Years in Jackson County
Over the last five years in Jackson County, Kentucky, there’s been a noticeable fluctuation in the number of mortgages across different occupancy types. Principal residences dominate, showing an increasing trend from 2018’s 259 counts to a peak at 2021 with 429, although they dipped slightly in 2022. Investment properties saw modest growth, rising from 1 in 2019 to 10 in 2022. Second residences, despite peaking at 12 in 2021, remained relatively minor. These shifts matter for investors, builders, and real estate agents because a rising number of principal residences suggest growing long-term occupant interest, affecting market stability and property values. Changing trends in investment properties can signal varying degrees of market confidence and potential rental market growth. For appraisers and insurance agents, the occupancy type impacts risk assessments and valuation intricacies.
Economic Outlook
In Jackson County, Kentucky, average taxable income per tax return jumped from $34,554.38 in 2013 to $44,360.48 in 2021, hinting at potential economic growth and improved job opportunities. Meanwhile, state and local income taxes per return have more than doubled over the past decade, reaching $7350.00 by 2021, with notable increases between 2016 and 2019. Average total tax liability per tax return also saw a general rise, hitting $4,654.89 in 2021, up from $3,610.82 in 2012. For those eyeing... Read more
Average Taxable Income per Tax Return in Jackson County, KY over the last 9 years
The trend in Jackson County, Kentucky, shows a discernible increase in the average taxable income per tax return over the past nine years. From $34,554.38 in 2013 to $44,360.48 in 2021, this steady rise could reflect underlying economic growth and potentially improving job opportunities. For investors, real estate agents, and homeowners, this upward trend might suggest a strengthening local economy, higher spending power, and the potential for increased property values, making it a noteworthy consideration for future financial planning and investments in the county.
Average State and Local Income Taxes Per Tax Return in Jackson County, KY Over the Last 10 Years
Over the past decade, Jackson County, Kentucky has seen a significant rise in average state and local income taxes per tax return, with figures more than doubling from $4512.50 in 2012 to $7350.00 by 2021. Particularly notable were the jumps between 2016 and 2019, showcasing the county's evolving economic landscape. This trend could be essential for potential investors, new residents, and property developers, signaling a robust economic growth trajectory and possibly higher public services investment in the area.
Average Total Tax Liability Per Tax Return in Jackson County, KY Over the Last 10 Years
Over the past decade, Jackson County, Kentucky has seen a fluctuating but generally increasing trend in average total tax liability per tax return. By 2021, this figure reached approximately $4,654.89, up from around $3,610.82 in 2012. Investors and potential residents might find this data indicative of rising incomes or property values in the county, suggesting a growing or stabilizing economic environment. This trend could influence decisions related to property investments, relocation, and long-term financial planning within the region.
Cost of Living in Jackson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $995 | $1,235 | $1,752 | $1,113 | $1,059 |
| 1 adult 4 children | $995 | $1,008 | $1,339 | $1,113 | $1,101 |
| 2 adults 3 children | $995 | $1,009 | $1,520 | $1,113 | $865 |
| 1 adult 3 children | $995 | $823 | $1,108 | $1,113 | $874 |
| 2 adults 2 children | $742 | $826 | $1,288 | $967 | $759 |
| 1 adult 2 children | $742 | $617 | $876 | $967 | $664 |
| 2 adults 1 child | $742 | $653 | $1,057 | $493 | $713 |
| 1 adult 1 child | $742 | $421 | $644 | $493 | $594 |
| 2 adults | $588 | $524 | $825 | $0 | $613 |
| 1 adult | $538 | $286 | $412 | $0 | $513 |
Safety trends & Data
Jackson County, Kentucky's property crime trends have seen varied patterns over the past five years. Notably, Larceny-Theft peaked at 4.00 incidents in 2020, while Burglary arrests surged in 2019 but then declined. Possession of stolen property significantly increased in 2022 with 6.00 arrests, and Motor Vehicle Theft incidents were evident mainly in 2020 and 2022, highlighting emerging concerns. Minimal yet consistent vandalism incidents suggest a persistent issue. These insights can inform... Read more
Property Crime Trends in Jackson County, KY Over the Last 5 Years
Property crime in Jackson County, Kentucky has shown varied trends over the past five years. Larceny-Theft, a frequent issue, fluctuated with notable peaks in 2020 at 4.00 incidents. Burglary arrests spiked in 2019 but tapered off subsequently. Interestingly, possessions of stolen property saw a significant rise in 2022, registering 6.00 arrests. Motor Vehicle Theft appeared primarily in 2020 and 2022, highlighting emerging concerns. Vandalism incidents were minimal but consistent, suggesting it's a persistent, if not major, issue. These trends offer nuanced insights for potential investors, developers, real estate agents, and residents, emphasizing a slight year-to-year unpredictability in property crime.
Demographics
Jackson County, Kentucky, shows relatively balanced gender demographics with a slight female majority. The educational attainment is diverse but leans heavily towards high school graduates and those with some college education, while higher-educational degrees are much less prevalent. Age distribution suggests a broad representation across all age groups, skewing slightly older, which may imply an aging population. Racially, the area is overwhelmingly White, which could impact community... Read more
Race Distribution in Jackson County, Kentucky (2022)
Educational Attainment in Jackson County, Kentucky (2022)
Age Distribution in Jackson County, Kentucky
Citizen Population in Jackson County, Kentucky (2022)
Political Trends & Data
In Jackson County, Kentucky, voter trends during the 2020 U.S. Presidential Election suggested a heavy Republican lean, with the party potentially securing nearly 89% of the votes. In contrast, the Democratic party may have captured just under 10%, hinting at a strong GOP influence that could shape local and state political strategies. Minor party candidates appeared to have minimal... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Jackson County, Kentucky, voter trends during the 2020 U.S. Presidential Election skewed heavily toward the Republican party, which may have garnered nearly 89% of the vote. In contrast, the Democratic party possibly secured just under 10%, with minor contributions from Libertarian and other candidates. This distribution hints at a strong Republican inclination among voters in the county, potentially influencing local and state political strategies.
89.20% of voters voted for the Republican party in the 2020 Presidential Election
9.90% of voters voted for the Democrat party in the 2020 Presidential Election
0.54% 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
The student-to-teacher ratio in Jackson County, Kentucky has seen notable fluctuations over the past decade. It peaked at 15:1 in 2015 but dropped to a notably low 9:1 in 2021 before rising again to 13:1 in 2023. These changes could indicate shifts in school funding or policy adjustments, which might impact teaching quality and educational infrastructure. Lower ratios are generally a plus for personalized education, potentially attracting families looking for more attentive schooling options,... Read more
Student-to-teacher ratio in Jackson County, Kentucky over the last 10 years
The student-to-teacher ratio in Jackson County, Kentucky has fluctuated significantly over the past decade. In 2014, the ratio was slightly above the national average at 14 students per teacher and peaked at 15 in 2015. However, there was a notable decrease in 2017, and by 2019 the ratio had dropped to just 10 students per teacher, well below the national average. In recent years, the ratio has varied, hitting a low of 9 students per teacher in 2021 before rising again to 13 in 2023. These swings might signal changes in school funding, demographic shifts, or policy adjustments, which could impact classroom dynamics, teaching quality, and investments in educational infrastructure. Lower ratios are generally seen as beneficial for personalized education and could potentially attract families looking for more attentive schooling options, thereby influencing local real estate and economic trends.
