Lincoln County Real Estate and Livability Trends
Lincoln County, Kentucky, has experienced a notable increase in average taxable income per tax return from $37,465.52 in 2013 to $48,383.10 in 2021. Median home values have also risen considerably from $93,600 in 2015 to $130,100 in 2022. The drop in the student-to-teacher ratio from 16 to 13 over the past decade could appeal to families prioritizing education. Property crime rates fluctuated,... Read more
Lincoln County Market Trends
Lincoln County, Kentucky, has witnessed a substantial yet moderate increase in median home values from $93,600 in 2015 to $130,100 in 2022, suggesting more affordable housing compared to broader state and national markets. The county also saw a sharp rise in the Residential Energy Tax Credit, which might attract investors focused on energy efficiency. Real estate taxes per return have nearly... Read more
Median Value of Occupied Housing Units in Lincoln County, Kentucky Over the Last 8 Years
The median home values in Lincoln County, Kentucky, increased from $93,600 in 2015 to $130,100 in 2022. This upward trend appears slightly less aggressive compared to Kentucky as a whole, which saw an increase from $123,200 to $177,000 over the same period. Nationally, the median home values rose from $125,500 to $179,400, suggesting that Lincoln County might offer more affordable housing options within both state and national contexts. For those looking to invest in or move to Lincoln County, it’s worth noting this relative affordability compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Lincoln County, KY Over the Last 8 Years
The Residential Energy Tax Credit per tax return in Lincoln County, Kentucky demonstrates notable growth over the last eight years. Starting around $317-$330 between 2013 and 2016, it saw a substantial climb to $580 in 2017 and dipped slightly in 2019 before doubling to $620 in 2020 and peaking at $1171.43 in 2021. This could spark interest for investors and real estate developers, signaling a growing emphasis on energy-efficient upgrades. For appraisers and insurance agents, it suggests that newer properties may feature enhanced energy technologies, potentially impacting valuations and risk assessments. Locals and potential movers might see this trend as indicative of a county-wide push towards sustainability and long-term cost savings on energy.
Average Real Estate Taxes Per Tax Return in Lincoln County, KY Over the Last 10 Years
Real estate taxes per tax return in Lincoln County, Kentucky have shown a clear upward trend over the past decade. Starting at $1,195.03 in 2012, there was a gradual increase with notable jumps in 2018 and 2019, reaching $1,988.00 and $2,250.00 respectively. By 2021, the average tax per return hit $2,438.89. This rise is something of interest for investors, real estate agents, and anyone considering building or buying property in the area as it indicates higher property valuations and potentially increased municipal funding.
Percentage of Farm Returns in Lincoln County, KY Over the Last 10 Years
Lincoln County, Kentucky, has seen a fluctuating but generally declining trend in the percentage of farm returns over the past decade, dropping from 12.22% in 2012 to 10.34% in 2021. Farm tax returns represent the proportion of tax filings that come from agricultural businesses, reflective of the county's agricultural economic health. This decline might suggest shifting economic reliance or challenges within the local farming sector. Understanding this trend is crucial for potential investors, homebuyers, or developers as it speaks to the evolving economic landscape and opportunities or risks associated with the agricultural sector in the area.
Number of Mortgages by Occupancy Type in Lincoln County, KY Over the Last 5 Years in Lincoln County
Lincoln County, Kentucky has seen fluctuating mortgage trends across different occupancy types over the past five years. Notably, the number of principal residence mortgages has varied significantly, peaking at 1,150 in 2021 before dropping to 877 in 2022. Investment property mortgages have also seen slight increases, moving from 21 in 2019 to 42 in 2022. While second residences remain a small fraction of the overall market, their numbers have stayed relatively stable. These trends could signal shifting demands and economic conditions that impact appraisal values, investment attractiveness, and insurance risk assessments, making it crucial for potential buyers, investors, and real estate professionals to stay informed.
Economic Outlook
Lincoln County, Kentucky has seen a rise in average taxable income per tax return from $37,465.52 in 2013 to $48,383.10 in 2021, hinting at steady economic growth. State and local income taxes have similarly increased over a decade, peaking at $13,552.63 in 2020 and settling at $10,742.11 in 2021, suggesting higher government spending or tax policy changes. With the average total tax liability per tax return also climbing from $4,395.24 in 2012 to $5,921.26 in 2021, this trend could indicate a... Read more
Average Taxable Income per Tax Return in Lincoln County, KY over the last 9 years
Lincoln County, Kentucky has seen a progressive increase in average taxable income per tax return over the past nine years, with a significant uptick from $37,465.52 in 2013 to $48,383.10 in 2021. This trend suggests a steady economic growth, which could be a promising indicator for potential investors, property developers, and real estate agents eyeing the area for new opportunities. Such a consistent rise in income might also interest appraisers and insurance agents, as it hints at an expanding financial base among residents.
Average State and Local Income Taxes Per Tax Return in Lincoln County, KY Over the Last 10 Years
In Lincoln County, Kentucky, the average state and local income taxes per tax return have shown a substantial increase over the past decade. Starting at $4,883.33 in 2012, the amount surged to $13,552.63 by 2020 before leveling off to $10,742.11 in 2021. This sharp rise, particularly noticeable post-2017, signals potentially higher government spending or changes in tax policy, and could impact decisions for those considering investments or property development in the area.
Average Total Tax Liability Per Tax Return in Lincoln County, KY Over the Last 10 Years
Over the past decade, Lincoln County, Kentucky has shown a steady increase in average total tax liability per tax return, growing from approximately $4,395.24 in 2012 to around $5,921.26 in 2021. This upward trend suggests a potential rise in incomes or changes in tax structures. For investors and property developers, this could indicate a strengthening local economy and an increased capacity for public funding, which may improve infrastructure and services, bolstering property values and business opportunities. For residents and those considering relocating, the climbing tax liability might reflect better quality of life improvements but also necessitates careful financial planning.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $903 | $1,206 | $1,752 | $1,056 | $985 |
| 1 adult 4 children | $903 | $985 | $1,339 | $1,056 | $1,015 |
| 2 adults 3 children | $903 | $986 | $1,520 | $1,056 | $809 |
| 1 adult 3 children | $903 | $805 | $1,108 | $1,056 | $801 |
| 2 adults 2 children | $742 | $807 | $1,288 | $916 | $741 |
| 1 adult 2 children | $742 | $603 | $876 | $916 | $646 |
| 2 adults 1 child | $742 | $638 | $1,057 | $461 | $704 |
| 1 adult 1 child | $742 | $412 | $644 | $461 | $590 |
| 2 adults | $564 | $512 | $825 | $0 | $608 |
| 1 adult | $538 | $279 | $412 | $0 | $523 |
Safety trends & Data
Lincoln County, Kentucky, has seen fluctuating property crime rates over the past five years. Burglary arrests peaked in 2018 with 19 arrests but dropped significantly afterward, averaging around 5 to 12 arrests. Larceny-theft reached a moderate high of 7 arrests in 2018, tapering to 5-6 arrests annually. Motor vehicle theft arrests have stayed minimal, with 1-2 annually. There were notable spikes in less frequent crimes like arson—2 arrests in both 2019 and 2020—and fraud, which hovered... Read more
Property Crime Trends in Lincoln County, KY Over the Last 5 Years
Lincoln County, Kentucky, has shown some fluctuation in property crime over the last five years. Burglary peaked in 2018 with 19 arrests, then saw a significant drop in 2019 and the following years, averaging around 5 to 12 arrests. Larceny - Theft has remained relatively low, hitting a moderate high of 7 arrests in 2018 and tapering off to around 5-6 arrests annually. Instances of Motor Vehicle Theft have been minimal, with 1-2 arrests each year. The county had occasional spikes in less frequent crimes like Arson (notably 2 arrests in 2019 and 2020) and Fraud, which mostly hovered around 1-3 arrests yearly. These numbers could suggest a potential focus for buyers and insurers on evaluating the security measures and historical crime trends in specific areas within the county.
Demographics
In Lincoln County, Kentucky, the adult population skews slightly female, with 9,492 women compared to 8,965 men. Educational attainment reveals a significant majority holding a high school diploma or equivalent, with a notable drop-off in higher education degrees. Age-wise, a relatively balanced distribution exists across age groups, though those under 10 years and between 55 to 64 years carry slightly higher numbers. Lastly, the county's racial composition is predominantly White, with markedly... Read more
Race Distribution in Lincoln County, Kentucky (2022)
Educational Attainment in Lincoln County, Kentucky (2022)
Age Distribution in Lincoln County, Kentucky
Citizen Population in Lincoln County, Kentucky (2022)
Political Trends & Data
Lincoln County, Kentucky might lean heavily Republican, with the GOP potentially securing nearly 78% of the vote in the 2020 U.S. Presidential Election. Democrats seemed to capture a modest approximate 21%, while minor parties, including Libertarians, had minimal traction, together possibly earning less than 2%. This trend hints at a potentially entrenched Republican stronghold, reflecting marked partisan divisions in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lincoln County, Kentucky, Republicans might have had an overwhelming lead in the 2020 U.S. Presidential Election, securing nearly 78% of the vote. Democrats could have captured around 21%, lagging significantly behind. Other parties like the Libertarians and other minor groups seemed to have garnered negligible support, with each securing less than 2% of the vote combined. This trend could suggest an entrenched Republican stronghold in the region, potentially highlighting significant partisan divides.
77.79% of voters voted for the Republican party in the 2020 Presidential Election
20.65% 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
0.38% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Lincoln County, Kentucky's student-to-teacher ratio has dropped from 16 students per teacher in 2014 to 13 in 2023, now sitting below the national average of 14. This shift could make the area more appealing to families prioritizing education, possibly impacting real estate trends. Agents and investors might use this as a selling point, while appraisers and insurance agents might consider the evolving educational landscape when evaluating property values or... Read more
Student-to-teacher ratio in Lincoln County, Kentucky over the last 10 years
Over the past decade, Lincoln County, Kentucky has seen a decline in its student-to-teacher ratio from 16 students per teacher in 2014 to 13 in 2023. This shift positions the county's current ratio below the national average of 14 students per teacher. These changes might influence educational outcomes and resource allocation, making the area potentially more attractive to families looking for lower student-to-teacher ratios. Real estate agents and investors could see this trend as a selling point, while appraisers and insurance agents might note the evolving educational landscape when assessing property values or risks.
