Larue County Real Estate and Livability Trends
Larue County, Kentucky has seen notable growth in its real estate market, with median home values increasing almost 49% from 2015 to 2022, far outpacing national trends. This spike, coupled with doubling real estate taxes, suggests rising property values and potential shifts in tax policy. Investments in energy-efficient home improvements are evident from intermittent surges in residential energy... Read more
Larue County Market Trends
Larue County, Kentucky's median home values have surged by nearly 49% from 2015 to 2022, outpacing the national growth rate and indicating a burgeoning real estate market despite some year-to-year fluctuations. Historic data shows intermittent but substantial spikes in residential energy tax credits, suggesting notable investments in energy-efficient home improvements. The past decade has seen... Read more
Median Value of Occupied Housing Units in Larue County, Kentucky Over the Last 8 Years
Larue County, Kentucky's median home values have shown a significant but irregular upward trend over the last eight years, jumping from $110,100 in 2015 to $164,000 in 2022. This increase, although less consistent year-to-year compared to Kentucky overall, ultimately outpaced the national growth rate with a nearly 49% spike. For context, home values in Kentucky rose from $123,200 in 2015 to $177,000 in 2022, closely mirroring the national climb from $125,500 to $179,400. Potential investors or homebuyers should note this sharp upward movement, suggesting a growing real estate market that, despite occasional fluctuations, presents a promising opportunity relative to both state and national averages.
Residential Energy Tax Credit Per Tax Return in Larue County, KY Over the Last 8 Years
Historic trends in Larue County, Kentucky, suggest fluctuating but generally rising figures for residential energy tax credits per tax return over the past eight years. Notably, 2015 and 2016 saw significant spikes to $718.18 and $677.78, respectively, while 2021 showed an impressive jump to $900.00. This variability indicates a pattern of substantial investments in energy-efficient home improvements, potentially driven by varying policy incentives or economic factors. Such data could be of particular interest to real estate investors, appraisers, insurance agents, and current residents considering the longer-term benefits of energy-efficient investments in this locale.
Average Real Estate Taxes Per Tax Return in Larue County, KY Over the Last 10 Years
Over the past decade, Larue County, Kentucky has seen a noticeable increase in average real estate taxes per tax return, rising from approximately $1,270.83 in 2012 to around $2,164.29 in 2021. This trend could signal increasing property values or changing tax policies, both of which might interest potential investors, real estate agents, and those considering moving to the area. The most significant jumps appear between 2017 and 2021, suggesting a period of substantial change and potential growth in the local real estate market. For those involved in property development, understanding these tax dynamics could be crucial for financial planning and investment strategy.
Percentage of Farm Returns in Larue County, KY Over the Last 10 Years
In Larue County, Kentucky, the percentage of farm returns has seen a slight but consistent decline over the past decade, starting at around 11.49% in 2012 and dropping to approximately 9.85% by 2021. This trend might suggest a gradual reduction in dedicated farming activities or shifts in land use, which could be important for potential investors or those looking to build property. Farm tax returns are documents filed with the government by those who earn income from agricultural activities, serving as an indicator of farming prevalence and economic focus in the area. Understanding these trends could help stakeholders make informed decisions about the viability and future of agricultural investments in Larue County.
Number of Mortgages by Occupancy Type in Larue County, KY Over the Last 5 Years in Larue County
Larue County, Kentucky has seen a noticeable trend in the distribution of mortgage types over the past five years. Principal residences dominate, with numbers fluctuating between 572 and 811 mortgages annually, while investment properties and second residences remain relatively minor players. This swing in mortgage types can signal shifts in population dynamics, economic conditions, or housing market demand that influence local property values and stability. For investors and developers, the consistent predominance of principal residence mortgages suggests a stable owner-occupied market, whereas the modest investment property figures might indicate limited rental or commercial prospects. Understanding these trends can be crucial for appraisers, insurance agents, and real estate professionals aiming to gauge market health and forecast future property value trends.
Economic Outlook
Larue County, Kentucky has experienced a steady rise in average taxable income per tax return, climbing from $40,972.49 in 2013 to about $52,040.25 in 2021, suggesting an economically stabilizing community. Concurrently, state and local income taxes per tax return have surged from $4,742.50 in 2012 to $8,126.67 in 2021, indicating increased local revenue that could enhance public services and infrastructure. Additionally, the average total tax liability per tax return has trended upwards,... Read more
Average Taxable Income per Tax Return in Larue County, KY over the last 9 years
Larue County, Kentucky has generally seen a steady increase in average taxable income per tax return over the last nine years, climbing from roughly $40,972.49 in 2013 to about $52,040.25 in 2021. This trend suggests a growing economic stability, potentially making it a more attractive location for new residents and investors. Real estate agents and property developers might find this data encouraging, indicating a community with increasing financial resilience. Insurance agents and appraisers could see this as a sign of enhanced property values, linked to the area's rising incomes.
Average State and Local Income Taxes Per Tax Return in Larue County, KY Over the Last 10 Years
Over the past decade, state and local income taxes per tax return in Larue County, Kentucky, have surged from $4,742.50 in 2012 to $8,126.67 in 2021. This notable increase suggests a significant rise in local revenue collection, potentially funneled into community developments and public services. For investors and property developers, this might indicate improved infrastructure and amenities, while residents could see enhanced local services and a higher standard of living.
Average Total Tax Liability Per Tax Return in Larue County, KY Over the Last 10 Years
Larue County, Kentucky, has seen a notable fluctuation in average total tax liability per tax return over the past decade, with values generally trending upwards from $5,057.34 in 2012 to $6,522.40 in 2021. This increase may suggest a growing economic base or changes in tax policies, which might be of interest to potential investors or those considering relocating. The significant bump observed in 2020 and 2021, reaching $6,256.50 and $6,522.40 respectively, could indicate recent economic developments or shifts worthy of closer examination.
Cost of Living in Larue County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,013 | $1,327 | $1,751 | $1,179 | $1,165 |
| 1 adult 4 children | $1,013 | $1,084 | $1,338 | $1,179 | $1,246 |
| 2 adults 3 children | $1,013 | $1,084 | $1,520 | $1,179 | $961 |
| 1 adult 3 children | $1,013 | $885 | $1,107 | $1,179 | $1,012 |
| 2 adults 2 children | $739 | $887 | $1,289 | $1,025 | $841 |
| 1 adult 2 children | $739 | $663 | $876 | $1,025 | $763 |
| 2 adults 1 child | $739 | $701 | $1,058 | $525 | $783 |
| 1 adult 1 child | $739 | $453 | $645 | $525 | $638 |
| 2 adults | $569 | $563 | $827 | $0 | $644 |
| 1 adult | $566 | $307 | $414 | $0 | $547 |
Safety trends & Data
Over the past five years, property crime metrics in Larue County, Kentucky show nuanced shifts. Larceny-theft incidents peaked at seven in 2019 but dropped to two by 2022. Burglary incidents had a minor rise in 2020 but stayed relatively low. Motor vehicle thefts and fraud cases have been sporadic yet stable. Arrests for stolen property dipped significantly after 2019, possibly indicating improved law enforcement or preventive measures. These patterns might raise security concerns for potential... Read more
Property Crime Trends in Larue County, KY Over the Last 5 Years
Over the past five years in Larue County, Kentucky, property crime metrics reveal some nuanced shifts. Larceny-theft incidents fluctuated, peaking at seven in 2019 but settling down to two by 2022. Similarly, while burglary incidents showed a minor rise in 2020, they remained relatively low overall. Motor vehicle thefts and fraud cases have also shown consistency, indicating sporadic but stable occurrences. Of particular note, arrests for stolen property took a notable dip after 2019, suggesting possible improvements in law enforcement or preventative measures. These trends may imply varying levels of security concerns for potential investors and residents, making crime prevention measures a potential priority for developers and real estate agents.
Demographics
Larue County, Kentucky shows a near even split between male and female adults. High school graduates account for the largest chunk of educational attainment, while only a small fraction hold a bachelor's or higher degree. The age distribution highlights a fairly balanced spread across age groups, though there are slightly more individuals aged 55-64. The racial makeup is predominantly White, with minimal representation from other racial... Read more
Race Distribution in Larue County, Kentucky (2022)
Educational Attainment in Larue County, Kentucky (2022)
Age Distribution in Larue County, Kentucky
Citizen Population in Larue County, Kentucky (2022)
Political Trends & Data
Larue County, Kentucky, appears to have a marked Republican leaning, as evidenced by around 78% of votes possibly going to the party. Democrats seem to hold less sway with about 21%, while Libertarians and others might capture only minor fractions under 1%. This pronounced partisan trend could shape local policy and governance, mirroring broader state... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Larue County, Kentucky, may indicate strong Republican support with approximately 78% of votes potentially favoring the party. Democrats could be less influential with around 21% of the vote share, while Libertarian and other parties might only capture minor fractions, close to 1% and below. This voting pattern could suggest a pronounced partisan leaning that might influence local policy and governance, potentially reflecting broader trends within the state.
77.87% of voters voted for the Republican party in the 2020 Presidential Election
20.60% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% 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
Over the past decade, Larue County, Kentucky has seen notable fluctuations in its student-to-teacher ratio, peaking at around 17:1 in 2021 and recently stabilizing around the national average at 14.9:1 in 2023. This trend might suggest growing student enrollment or staffing challenges, which could impact education quality. For real estate professionals, understanding these changes can offer insights into evolving local educational resources, influencing property values and market demand.... Read more
Student-to-teacher ratio in Larue County, Kentucky over the last 10 years
Over the past decade, the student-to-teacher ratio in Larue County, Kentucky has shown significant fluctuations, peaking at around 17 students per teacher in 2021. In recent years, the ratio has settled close to the current national average of 14 students per teacher, with 2023 at 14.9 and 2022 at 15.08. Higher student-to-teacher ratios could suggest increasing student enrollment or staffing challenges, potentially impacting the quality of education. For investors, real estate agents, and those considering moving to the area, this trend might indicate the evolving state of local educational resources and could influence property desirability and valuation. For appraisers and insurance agents, such demographic dynamics can also affect market assessments and risks in Larue County, Kentucky.
