Lee County Real Estate and Livability Trends
Lee County, Kentucky shows an upward trend in average taxable income, rising from $33,775.57 in 2013 to $40,849.77 in 2021, with some fluctuations that may indicate varying economic conditions. Median home values have increased modestly from $67,700 in 2015 to $77,400 in 2022, providing more affordable investment opportunities compared to state and national medians. Student-to-teacher ratios also... Read more
Lee County Market Trends
Lee County, Kentucky's median home values have risen modestly from $67,700 in 2015 to $77,400 in 2022, offering more affordable investment opportunities compared to Kentucky and national medians. Average residential energy tax credits have fluctuated, peaking at approximately $466.67 in 2016, possibly reflecting changes in energy-efficient investments or tax policy. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Lee County, Kentucky Over the Last 8 Years
Lee County, Kentucky's median home values have shown a modest but steady increase over the past eight years, climbing from $67,700 in 2015 to $77,400 in 2022. This is relatively lower compared to Kentucky's state median, which rose from $123,200 to $177,000 in the same period. Nationally, the median home value surged from $125,500 to $179,400, indicating higher growth rates at both the state and national levels. For those considering investing, relocating, or building in Lee County, the lower median values might present opportunities for more affordable investment compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Lee County, KY Over the Last 3 Years
Over the past few years in Lee County, Kentucky, there's been noticeable variability in the average residential energy tax credit per tax return. It dropped from $300.00 in 2013 to $200.00 in 2014, but by 2016 it sharply increased to approximately $466.67. This fluctuation could signal changes in energy-efficient investments or modifications in tax policy. Such trends might interest investors and real estate professionals who pay close attention to energy-related incentives and their impact on property values and desirability.
Average Real Estate Taxes Per Tax Return in Lee County, KY Over the Last 7 Years
Lee County, Kentucky has seen fluctuations in average real estate taxes per tax return over the last seven years. Notably, in 2012 the average tax was $1,390.48, dipping to $1,309.52 in 2013, then rising to $2,050.00 in 2018. This upward trend, with the exception of a few dips, may indicate a gradual increase in property valuations or tax rates. This information is particularly relevant for potential investors, homeowners, and real estate professionals assessing long-term cost trends and the financial landscape in Lee County.
Percentage of Farm Returns in Lee County, KY Over the Last 10 Years
Over the last decade, farm tax returns in Lee County, Kentucky have shown some fluctuation. Peak percentages hit around 6.85% in 2014, but there's a slight downward trend observed, dipping to roughly 4.50% in 2020. While this could indicate varying profitability or shifting agricultural practices, it might interest potential investors and residents as a hint towards local economic health and resource management. Farm tax returns, in this context, reflect agricultural income as part of the county’s taxable revenue, which can be a key indicator of the farming sector’s vitality.
Number of Mortgages by Occupancy Type in Lee County, KY Over the Last 5 Years in Lee County
The data reveals some noteworthy trends in Lee County, Kentucky, with a significant and steady rise in principal residence mortgages from 2018 to 2022, peaking at 175 in 2021. Despite this growth, investment properties and second residences have fluctuated, often presenting more subdued numbers. Occupancy trends hold varied implications for different stakeholders; investors might see limited opportunities in rental or flip properties, while prospective homeowners and real estate agents can gauge market stability. Appraisers and insurance agents might note the predominance of primary residences, which could affect property values and insurance premiums. These shifts could shape community dynamics, with primary residences indicating a potential increase in long-term settlers versus transient or part-time occupants.
Economic Outlook
Lee County, Kentucky has generally seen an upward trend in average taxable income per tax return over the past nine years, with fluctuations that might point to varying economic conditions. The average increased from $33,775.57 in 2013 to $39,559.51 in 2018, dipped in 2020, and climbed again to $40,849.77 in 2021. Average state and local income taxes per return also showed variability, peaking at $6,268.18 in 2016 and dipping to $4,550.00 in 2018. These figures, combined with fluctuations in... Read more
Average Taxable Income per Tax Return in Lee County, KY over the last 9 years
In Lee County, Kentucky, the average taxable income per tax return has generally trended upward over the last nine years, though there were some fluctuations. For instance, the average taxable income steadily increased from $33,775.57 in 2013 to $39,559.51 in 2018, before dipping to $34,864.05 in 2020. In 2021, a significant rise to $40,849.77 was noted. These numbers might be indicative of varying economic conditions impacting the county and may serve as important data points for potential investors, real estate professionals, and others interested in the area's economic health.
Average State and Local Income Taxes Per Tax Return in Lee County, KY Over the Last 7 Years
The average state and local income taxes per tax return in Lee County, Kentucky have seen fluctuations over the past seven years, with a notable high of $6,268.18 in 2016 and a low of $4,550.00 in 2018. This variability reflects economic changes in the area, impacting both long-term financial planning and immediate investment decisions. Prospective property developers and residents should consider these tax trends as they can influence disposable income and the overall cost of living, affecting an individual's or business's bottom line.
Average Total Tax Liability Per Tax Return in Lee County, KY Over the Last 10 Years
Lee County, Kentucky has experienced noticeable fluctuations in average total tax liability per tax return over the past decade, hovering between a low of around $4,027.56 in 2012 and peaking at approximately $5,304.93 in 2017. This variability suggests potential shifts in economic conditions and income levels within the county, which could be crucial for individuals considering investments or property development. Understanding these trends might offer insights into the financial landscape, affecting decision-making for current residents and newcomers alike.
Cost of Living in Lee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $995 | $1,235 | $1,722 | $1,113 | $1,034 |
| 1 adult 4 children | $995 | $1,008 | $1,317 | $1,113 | $1,074 |
| 2 adults 3 children | $995 | $1,009 | $1,495 | $1,113 | $847 |
| 1 adult 3 children | $995 | $823 | $1,089 | $1,113 | $851 |
| 2 adults 2 children | $742 | $826 | $1,267 | $967 | $742 |
| 1 adult 2 children | $742 | $617 | $861 | $967 | $643 |
| 2 adults 1 child | $742 | $653 | $1,039 | $493 | $697 |
| 1 adult 1 child | $742 | $421 | $633 | $493 | $579 |
| 2 adults | $570 | $524 | $811 | $0 | $592 |
| 1 adult | $538 | $286 | $406 | $0 | $499 |
Safety trends & Data
Over the past five years in Lee County, Kentucky, burglary incidents have dropped from 3 in 2018 to just 1 in 2022, and motor vehicle thefts were only reported in 2018. Despite these positive trends, there has been some inconsistency in larceny-theft and stolen property offenses, with a slight spike in the latter in 2022. These shifts could appeal to potential investors and residents looking for a decline in burglaries, though they emphasize the need for vigilant security against other property... Read more
Property Crime Trends in Lee County, KY Over the Last 5 Years
Over the last five years, property crime trends in Lee County, Kentucky show fluctuations with notable decreases in burglary and motor vehicle thefts since 2018, but some inconsistency in larceny-theft and stolen property offenses. Burglary incidents dropped from 3 in 2018 to 1 in 2022, while motor vehicle thefts appeared only in 2018. Interestingly, stolen property offenses showed variability, with a slight spike in 2022. These trends might appeal to potential investors and residents seeking a community with declining burglary rates but highlight the importance of vigilant security measures against theft and property crime.
Demographics
Lee County, Kentucky's adult population in 2022 leans more male (3335) compared to females (2492). Educational attainment shows a notable concentration at the high school graduate level. There's a significant population with some college education, yet few hold advanced degrees. Age distribution indicates a balanced mix across age groups, with a slight increase in the 55-64 age bracket. The racial composition is overwhelmingly White, with minimal representation from other racial groups. These... Read more
Race Distribution in Lee County, Kentucky (2022)
Educational Attainment in Lee County, Kentucky (2022)
Age Distribution in Lee County, Kentucky
Citizen Population in Lee County, Kentucky (2022)
Political Trends & Data
Lee County, Kentucky displays a notable Republican dominance, with the GOP potentially capturing 81% of the vote in the 2020 U.S. Presidential Election. The Democratic Party might have secured close to 17%, and votes for minor parties appear to be minimal. This strong Republican leaning could impact local policy and investment trends, which is something to keep in mind for real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lee County, Kentucky, the 2020 U.S. Presidential Election results indicate a strong Republican leaning, with the party potentially securing around 81% of the vote. The Democratic Party might have received close to 17%, while Libertarian and other minor parties appear to have garnered minimal support. This trend implies a notable Republican dominance in the county, while the share of votes for other parties remains relatively insignificant.
81.20% of voters voted for the Republican party in the 2020 Presidential Election
17.26% of voters voted for the Democrat party in the 2020 Presidential Election
0.94% of voters voted for the Livertarian party in the 2020 Presidential Election
0.60% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Lee County, Kentucky, student-to-teacher ratios have varied significantly, peaking at 18 in 2015 and dropping to as low as 15 in 2022 before climbing to 17 in 2023. Such fluctuations potentially impact real estate dynamics, as lower ratios often imply a more favorable educational setting, which can attract families and boost property demand. Conversely, higher ratios might necessitate a reassessment of educational resources, potentially affecting school-related property values and insurance... Read more
Student-to-teacher ratio in Lee County, Kentucky over the last 10 years
Lee County, Kentucky has seen variations in its student-to-teacher ratio over the past decade, generally hovering above the national average of 14 students per teacher. Notably, values peaked at around 18 in 2015 but have fluctuated, dropping to as low as 15 in 2022 before rising again to almost 17 in 2023. These shifts may influence decisions for potential investors, appraisers, and real estate agents, as lower ratios can imply a more favorable educational environment, attracting families and increasing property demand. Conversely, higher ratios might necessitate reassessment of educational resources, affecting school-related property values and potential insurance evaluations.
