Jessamine County Real Estate and Livability Trends
Jessamine County, Kentucky is seeing a noticeable rise in average taxable income per tax return, climbing from $57,446.77 in 2013 to $86,025.86 in 2021, and this economic growth is likely catching the eyes of investors considering its impact on property values. Median home values have also seen an impressive rise, growing from $160,400 in 2015 to $226,900 in 2022, suggesting a robust demand that... Read more
Jessamine County Market Trends
Jessamine County, Kentucky's real estate market has shown an impressive uptrend, with median home values surging from $160,400 in 2015 to $226,900 in 2022, outpacing both state and national medians. This could indicate a robust demand and promising future for property values, making it an attractive spot for investors and prospective homeowners. Significant fluctuations in residential energy tax... Read more
Median Value of Occupied Housing Units in Jessamine County, Kentucky Over the Last 8 Years
Jessamine County, Kentucky has seen a consistent rise in median home values over the last 8 years, with prices jumping from $160,400 in 2015 to $226,900 in 2022. This local appreciation significantly outpaces both Kentucky's statewide median values, which grew from $123,200 to $177,000 in the same period, and the national median values, which increased from $125,500 to $179,400. This makes Jessamine County an intriguing market for investors and prospective homeowners, suggesting strong demand and a potentially robust future for property values.
Residential Energy Tax Credit Per Tax Return in Jessamine County, KY Over the Last 9 Years
Over the past nine years, Jessamine County, Kentucky, has witnessed significant fluctuations in the average residential energy tax credit per tax return. Notably, 2018 saw a substantial peak at $4725.00, which might indicate a spike in residential energy investments or incentives. Following this, values seem to stabilize between $1000.00 and $2000.00 in subsequent years. These trends could suggest varying levels of investment in energy-efficient home improvements, potentially offering insights for investors, builders, and real estate agents about the market's responsiveness to energy tax incentives.
Average Real Estate Taxes Per Tax Return in Jessamine County, KY Over the Last 10 Years
Jessamine County, Kentucky, has witnessed a notable increase in average real estate taxes per tax return over the past decade, with figures rising from approximately $2,523.17 in 2012 to about $5,622.83 in 2021. The sharpest jump appears between 2017 and 2018, where taxes increased from $3,303.33 to $4,824.41. This upward trend is significant for potential investors, homeowners, and real estate professionals as it could reflect shifts in property values, changes in tax policies, or broader economic factors impacting the area. Understanding these changes is crucial for making informed decisions about property investments, real estate transactions, and financial planning in Jessamine County.
Percentage of Farm Returns in Jessamine County, KY Over the Last 10 Years
Over the last decade, Jessamine County, Kentucky, has seen a slight but consistent decline in farm tax returns, dropping from approximately 3.43% in 2012 to roughly 2.38% in 2021. Farm tax returns are crucial for understanding the health of the agricultural sector, indicating how many farming businesses are operational and economically active. Investors, developers, and residents interested in this area should note this trend as it might reflect broader changes in the local economy and land use, potentially influencing property values and community planning.
Number of Mortgages by Occupancy Type in Jessamine County, KY Over the Last 5 Years in Jessamine County
In Jessamine County, Kentucky, the last five years show fluctuations in mortgage numbers across various occupancy types. Principal residences consistently dominate the landscape, peaking with 4,202 in 2021. Investment properties and second residences have been relatively flat but saw minor variations with peaks around 264 and 51 respectively. These shifts in occupancy types are crucial; investors, homebuyers, and industry professionals could interpret rising mortgages for principal residences as indicative of increasing property values and demand, which could influence investment strategy, home valuations, and insurance premiums. Furthermore, a drop in investment properties might imply fewer rental opportunities and potentially lesser market competition for homebuyers.
Economic Outlook
Jessamine County, Kentucky has experienced a steady increase in average taxable income per tax return, growing from $57,446.77 in 2013 to $86,025.86 in 2021. Similarly, state and local income taxes have climbed from $8,379.32 in 2012 to $18,672.73 in 2021. This reflects a strengthening local economy that could attract investors and influence property valuations. Additionally, total tax liability per tax return has surged from $9,714.49 in 2012 to $16,116.02 in 2021, indicating potential rises... Read more
Average Taxable Income per Tax Return in Jessamine County, KY over the last 9 years
Over the past nine years, Jessamine County, Kentucky has experienced a notable upward trend in average taxable income per tax return, increasing from $57,446.77 in 2013 to $86,025.86 in 2021. This steady growth could suggest a strengthening local economy, potentially making the area more attractive to investors, property developers, and real estate agents. Higher taxable incomes might also influence property valuations and, subsequently, insurance costs.
Average State and Local Income Taxes Per Tax Return in Jessamine County, KY Over the Last 10 Years
Over the past decade in Jessamine County, Kentucky, state and local income taxes per return have seen a steady increase. Starting at $8,379.32 in 2012, there was notable growth, peaking significantly at $18,672.73 in 2021. This upward trend is a key indicator for those considering investing, moving to, or building property in the area, as it highlights the county's economic expansion and potential for increased revenue generation.
Average Total Tax Liability Per Tax Return in Jessamine County, KY Over the Last 10 Years
Over the past decade, Jessamine County, Kentucky has seen a notable increase in the average total tax liability per tax return. From $9,714.49 in 2012 to $16,116.02 in 2021, the upward trend could suggest rising incomes or property values, both of which may influence tax liabilities. The significant jump in recent years might also reflect broader economic conditions or local fiscal policies. This trajectory could be pertinent for potential investors, new residents, or developers looking to understand the economic climate of the area.
Cost of Living in Jessamine County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,268 | $1,371 | $1,789 | $1,438 | $1,377 |
| 1 adult 4 children | $1,268 | $1,120 | $1,367 | $1,438 | $1,481 |
| 2 adults 3 children | $1,268 | $1,120 | $1,553 | $1,438 | $1,153 |
| 1 adult 3 children | $1,268 | $915 | $1,131 | $1,438 | $1,239 |
| 2 adults 2 children | $931 | $917 | $1,317 | $1,268 | $965 |
| 1 adult 2 children | $931 | $685 | $894 | $1,268 | $924 |
| 2 adults 1 child | $931 | $725 | $1,080 | $717 | $891 |
| 1 adult 1 child | $931 | $468 | $658 | $717 | $758 |
| 2 adults | $767 | $582 | $844 | $0 | $719 |
| 1 adult | $641 | $318 | $422 | $0 | $560 |
Safety trends & Data
Property crime in Jessamine County, Kentucky, has demonstrated notable fluctuations over the past five years, with larceny-theft being consistently prevalent. Interestingly, burglary incidents spiked in 2021 with 31 cases, potentially indicating shifting crime patterns or changes in reporting practices. Fraud cases have shown minor variances, and the relatively low occurrences of high-value crimes like embezzlement and motor vehicle theft hint at limited major financial criminal activities in... Read more
Property Crime Trends in Jessamine County, KY Over the Last 5 Years
Property crime in Jessamine County, Kentucky, has seen some significant fluctuations over the past five years, with larceny-theft consistently being the most reported crime. Burglary incidents have shown variability, peaking in 2021 with 31 cases, which might be a sign of changing crime patterns or reporting practices. While the overall number of fraud cases experienced minor ups and downs, the presence of fewer high-value crimes like embezzlement and motor vehicle theft suggests limited malicious financial activities. For investors, real estate agents, and future residents, these trends could offer insights into neighborhood safety and insurance considerations.
Demographics
Jessamine County, Kentucky's adult population leans slightly female, highlighting potential opportunities for gender-focused programs. The educational attainment data suggests a strong prevalence of high school graduates, with a noteworthy portion obtaining bachelor's degrees and higher. Age distribution appears fairly balanced across various age groups, with a significant number nearing retirement age, which might influence local healthcare and housing services. Racially, the county is... Read more
Race Distribution in Jessamine County, Kentucky (2022)
Educational Attainment in Jessamine County, Kentucky (2022)
Age Distribution in Jessamine County, Kentucky
Citizen Population in Jessamine County, Kentucky (2022)
Political Trends & Data
In Jessamine County, Kentucky, the 2020 U.S. Presidential Election displayed a noteworthy conservative trend, with around 65% of voters supporting Republican candidates. Democrats received about 33% of the vote, while Libertarians captured a minimal share at roughly 1.7%. These voting patterns might reflect a community with strong conservative leanings, potentially shaping local policies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Jessamine County, Kentucky, likely leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans capturing about 65% of the vote. Democrats, on the other hand, garnered around 33%, a significantly smaller share. The Libertarian vote may have been minimal at approximately 1.7%, while other parties or candidates barely registered, collectively representing just over half a percent. These voting patterns might suggest a strong conservative presence which could influence local policies and community priorities.
65.13% of voters voted for the Republican party in the 2020 Presidential Election
32.63% of voters voted for the Democrat party in the 2020 Presidential Election
1.70% of voters voted for the Livertarian party in the 2020 Presidential Election
0.54% of voters voted for the Other party in the 2020 Presidential Election
School Data
Jessamine County, Kentucky, has experienced a significant decrease in its student-to-teacher ratio over the past decade, dropping from 16 to around 12.7. With the national average sitting at 14, this trend toward smaller class sizes might be appealing to families prioritizing individualized education and academic performance. This could attract real estate investors focused on family-centric properties and educational professionals seeking supportive work... Read more
Student-to-teacher ratio in Jessamine County, Kentucky over the last 10 years
Over the past decade, Jessamine County, Kentucky has seen its student-to-teacher ratio shift notably from 16 students per teacher toward a lower ratio, reaching about 12.7 in recent years. This trend not only indicates smaller class sizes but also potentially enhances individual student attention and academic performance. Given that the national average in the United States holds at 14 students per teacher, Jessamine County's current figures may appeal to those valuing more personalized education, including families considering relocation, real estate investors targeting family-oriented properties, and educational professionals assessing job opportunities.
