Jefferson County Real Estate and Livability Trends
Jefferson County, Kentucky has experienced a significant jump in both average taxable income, reaching $80,329.89 in 2021, and median home values, soaring to $222,200 in 2022. This robust economic growth makes the area more appealing for investors and new residents. Real estate taxes have doubled over the past decade, reflecting shifting property values or tax policies. Meanwhile, a decline in... Read more
Jefferson County Market Trends
Jefferson County, Kentucky has seen a remarkable rise in median home values from $150,400 in 2015 to $222,200 in 2022, outpacing both the state and national averages. Interestingly, the county has also recorded significant fluctuations in residential energy tax credits, peaking at $1930.12 in 2018, indicating a notable investment in energy-efficient improvements. Real estate taxes per return have... Read more
Median Value of Occupied Housing Units in Jefferson County, Kentucky Over the Last 8 Years
Over the last eight years, Jefferson County, Kentucky has seen a consistent rise in median home values, climbing from $150,400 in 2015 to $222,200 in 2022. This trend signifies a more aggressive appreciation compared to the state of Kentucky, which moved from $123,200 in 2015 to $177,000 in 2022, and the national level, where values increased from $125,500 to $179,400 in the same period. This makes Jefferson County a potentially compelling area for real estate investors or those looking to build property, as the local market has demonstrated strong growth outpacing broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Jefferson County, KY Over the Last 9 Years
Jefferson County, Kentucky has seen fluctuating but generally increasing residential energy tax credits per tax return over the last nine years. Notably, 2018 marked a peak with an average credit of $1930.12, possibly indicating a significant shift towards energy-efficient improvements that year. This is essential for potential investors, builders, and property appraisers to consider, as it suggests a local trend toward enhanced energy efficiency, potentially increasing property values and reducing long-term energy costs. For real estate agents and insurance agents, these trends could offer selling points or considerations for risk assessment.
Average Real Estate Taxes Per Tax Return in Jefferson County, KY Over the Last 10 Years
Over the past decade, Jefferson County, Kentucky has experienced a steady increase in average real estate taxes per tax return, starting at approximately $2,542.49 in 2012 and rising to about $5,200.74 by 2021. Notable jumps occurred around 2018, suggesting potential shifts in property values or tax policies. This trend may interest investors, real estate agents, and potential homebuyers as it reflects notable changes in the local real estate market and could influence decisions related to appraisals, insurance, and property development.
Percentage of Farm Returns in Jefferson County, KY Over the Last 10 Years
In Jefferson County, Kentucky, farm tax returns have generally declined over the past decade, starting from around 0.37% in 2012 and dropping to approximately 0.24% by 2021. This trend may point to shrinking agricultural activities or a shift toward other forms of economic development in the area. For potential investors or property developers, this could indicate a changing landscape that might be less reliant on traditional farming and more open to diversified land use or commercial opportunities. For residents, it may reflect broader socioeconomic shifts within the county.
Number of Mortgages by Occupancy Type in Jefferson County, KY Over the Last 5 Years in Jefferson County
In Jefferson County, Kentucky, the number of mortgages for principal residences has shown a notable fluctuation, peaking in 2021 and declining sharply in 2022. Conversely, investment property mortgages have remained relatively stable, with slight variances year-over-year. Second residences consistently hold the smallest share of mortgage activity but show a gradual decline over the five-year span. Changes in occupancy type are crucial for investors, real estate agents, and appraisers as they impact market dynamics; the data suggests shifting homeowner priorities and potential reevaluation of investment strategies in response to economic conditions. Understanding these trends can inform decisions around property development, insurance risk assessments, and future market predictions.
Economic Outlook
Jefferson County, Kentucky has experienced a significant increase in average taxable income per tax return, particularly in 2021 when it jumped to $80,329.89. This rise suggests a potentially strengthening local economy, making the area more attractive for investors and new residents. Concurrently, state and local income taxes have surged, with 2021 showing an average tax bill of $15,749.21, significantly higher than previous years. This could influence the cost of living and financial... Read more
Average Taxable Income per Tax Return in Jefferson County, KY over the last 9 years
Over the past nine years, Jefferson County, Kentucky has seen a noticeable rise in average taxable income per tax return, with a significant jump in 2021 to $80,329.89. Early years showed steady incremental growth from 2013's $56,363.46, but 2021 alone marks a notable increase of roughly $11,000 from the previous year. This trend could indicate a strengthening local economy, potentially making the county an attractive option for investors, real estate agents, and those considering relocation or starting businesses.
Average State and Local Income Taxes Per Tax Return in Jefferson County, KY Over the Last 10 Years
Jefferson County, Kentucky has seen a steady increase in average state and local income taxes per tax return over the past decade, with a notable spike starting in 2018. By 2021, the average tax bill reached $15,749.21, significantly higher than the $7,968.54 recorded in 2012. This sharp rise could impact cost of living and should be a consideration for prospective investors, property developers, and potential residents. Take note of the financial demands in this region as this trend suggests a rapidly increasing tax burden.
Average Total Tax Liability Per Tax Return in Jefferson County, KY Over the Last 10 Years
Over the last decade, Jefferson County, Kentucky saw a generally upward trend in average total tax liability per tax return, starting around $10,037.03 in 2012 and climbing to $14,290.97 by 2021. While there were slight fluctuations, notably a dip in 2018 to $11,607.90, the overall direction indicates rising tax costs. This matters for potential investors, new residents, and property developers as it offers a glimpse into the financial demands and tax landscape of the area, potentially impacting long-term financial planning and investment strategies.
Cost of Living in Jefferson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,416 | $1,464 | $1,751 | $1,438 | $1,429 |
| 1 adult 4 children | $1,416 | $1,195 | $1,338 | $1,438 | $1,503 |
| 2 adults 3 children | $1,416 | $1,196 | $1,520 | $1,438 | $1,176 |
| 1 adult 3 children | $1,416 | $976 | $1,107 | $1,438 | $1,258 |
| 2 adults 2 children | $1,068 | $979 | $1,289 | $1,268 | $977 |
| 1 adult 2 children | $1,068 | $731 | $876 | $1,268 | $935 |
| 2 adults 1 child | $1,068 | $774 | $1,058 | $717 | $902 |
| 1 adult 1 child | $1,068 | $500 | $645 | $717 | $767 |
| 2 adults | $889 | $622 | $827 | $0 | $727 |
| 1 adult | $788 | $339 | $414 | $0 | $580 |
Safety trends & Data
Jefferson County, Kentucky has experienced a notable decline in property crime over the last five years. Larceny-theft dropped from 4,048.00 instances in 2018 to 984.00 in 2022, and burglary incidents reduced from 729.00 to 338.00. Motor vehicle thefts also saw a decrease from 287.00 in 2018 to 130.00 in 2022. This trend indicates a potentially safer environment for investors, homeowners, and businesses, underlining the importance of continued local law enforcement efforts to sustain these... Read more
Property Crime Trends in Jefferson County, KY Over the Last 5 Years
Jefferson County, Kentucky has seen a noteworthy decline in property crime over the last five years. The trends indicate a substantial reduction in various offenses, with larceny-theft dropping from 4,048.00 instances in 2018 to 984.00 in 2022. Burglary incidents also decreased significantly from 729.00 to 338.00 over the same period. Motor vehicle theft, while always lower in number, has similarly seen a decline from 287.00 in 2018 to 130.00 in 2022. The trends suggest that property-related offenses, including vandalism and fraud, are becoming less common, which could be a positive sign for investors, homeowners, and businesses considering the area. However, the data highlights the importance of continued vigilance and effective local law enforcement to maintain these downward trends in property crimes.
Demographics
In Jefferson County, Kentucky, the adult population skews slightly female with females comprising about 52% of the adult demographic. The area shows a strong trend towards education, with high school graduates and those with some college education making up a significant portion of the population. A relatively even age distribution hints at a balanced mix of youth and elderly residents, with a notable concentration in the 25 to 34-year age range. The racial makeup is predominantly White, but... Read more
Race Distribution in Jefferson County, Kentucky (2022)
Educational Attainment in Jefferson County, Kentucky (2022)
Age Distribution in Jefferson County, Kentucky
Citizen Population in Jefferson County, Kentucky (2022)
Political Trends & Data
Jefferson County, Kentucky's real estate market trends might be indirectly influenced by a notable political shift observed in the 2020 U.S. Presidential Election, where about 59.1% of voters leaned Democratic compared to nearly 39% Republican. The growing urban influence and changing demographics possibly driving this trend could suggest a potential rise in housing demand from more politically progressive, possibly younger, urban dwellers. This demographic change might be a critical factor for... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Jefferson County, Kentucky, the 2020 U.S. Presidential Election results show a notable lean towards the Democratic party, with around 59.1% of the vote, compared to approximately 39% for Republicans. Minor parties such as the Libertarians garnered just over 1% of the vote, reflecting minimal influence. This shift possibly indicates a growing urban influence or changing demographics impacting the political landscape.
39.01% of voters voted for the Republican party in the 2020 Presidential Election
59.13% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.62% of voters voted for the Other party in the 2020 Presidential Election
School Data
Jefferson County, Kentucky has seen a steadily improving student-to-teacher ratio, dipping from sixteen students per teacher in 2014 to nearly thirteen by 2022. This trend could signal better educational resources and smaller class sizes, making the area more attractive to families. For real estate professionals, highlighting the improving school quality could be a strong selling point, and for investors, this trend might enhance community appeal and potentially boost property... Read more
Student-to-teacher ratio in Jefferson County, Kentucky over the last 10 years
Jefferson County, Kentucky has seen a fluctuating student-to-teacher ratio over the last decade, hovering above the national average of fourteen students per teacher until recently. Starting from a high of sixteen students per teacher in 2014, the ratio dipped to just below fifteen by 2019 and reached a low of nearly thirteen in 2022. This downward trend might indicate improving educational resources and smaller class sizes, which could be a significant factor for families considering a move to the area, real estate agents highlighting school quality, or appraisers assessing property valuation. For those investing in local real estate or building new properties, these educational trends could enhance community appeal, potentially boosting property values and demand.
