Logan County Real Estate and Livability Trends
Logan County, Kentucky, has witnessed a steady increase in taxable income and median home values, reaching approximately $55,468.02 and $134,200, respectively, signaling economic growth and affordability. While property taxes and energy tax credits have fluctuated, the decline in farm tax returns points to a shift from agriculture, opening avenues for diverse investments. Fluctuations in the... Read more
Logan County Market Trends
Logan County, Kentucky has experienced a notable rise in median home values over eight years, reaching $134,200 in 2022, which is still below the state and national averages. This steadier growth might imply a more accessible market for budget-conscious buyers and savvy investors. Real estate taxes have also climbed, suggesting rising property values or tax rate changes that could impact... Read more
Median Value of Occupied Housing Units in Logan County, Kentucky Over the Last 8 Years
Logan County, Kentucky has experienced a significant rise in median home values over the last eight years, with the 2022 value at $134,200, notably below the state average of $177,000 and the national average of $179,400. Between 2015 and 2022, Logan County saw an increase from $94,600 to $134,200, reflecting a steadier growth rate compared to more striking increases on state and national levels. This discrepancy may indicate a relatively more affordable market in Logan County, potentially attracting budget-conscious homebuyers and investors looking for cost-effective opportunities.
Residential Energy Tax Credit Per Tax Return in Logan County, KY Over the Last 8 Years
In Logan County, Kentucky, the average residential energy tax credit per tax return has shown notable fluctuations over the past eight years. After a steady increase from $295.24 in 2013 to $386.67 in 2016, there was a sharp dip to $300.00 in 2017, followed by a modest rise and another peak at $950.00 in 2021. This trend may indicate evolving energy policies or shifting homeowner interest in energy efficiency investments. For investors, real estate agents, or those considering relocation, these variances could signal opportunities tied to energy-saving improvements, potentially affecting property values and long-term savings.
Average Real Estate Taxes Per Tax Return in Logan County, KY Over the Last 10 Years
Over the past decade, Logan County, Kentucky has seen a noticeable climb in average real estate taxes per tax return. Starting at approximately $1,205.56 in 2012, the taxes have been increasing fairly steadily, reaching up to around $2,128.57 by 2020, with a slight dip to about $2,044.83 in 2021. This trend could suggest rising property values or changing tax rates, which might be crucial for potential investors, homebuyers, and those involved in real estate professions to consider when evaluating the market.
Percentage of Farm Returns in Logan County, KY Over the Last 10 Years
Over the last decade in Logan County, Kentucky, the percentage of farm tax returns has been gradually decreasing, dropping from 9.37% in 2012 to around 6.99% in recent years. Farm tax returns give a sense of the agricultural activity and economic engagement in farming within the region. This decreasing trend might indicate a shift away from farming or possible consolidation of farms, influencing decisions for those investing in, moving to, or building property in the area.
Number of Mortgages by Occupancy Type in Logan County, KY Over the Last 5 Years in Logan County
Over the past five years, the number of mortgages in Logan County, Kentucky has exhibited notable shifts across different occupancy types. Principal residences have consistently dominated the mortgage landscape, peaking in 2021 with 1,239, compared to only 73 for investment properties and 32 for second residences that year. However, while principal residences generally reflect stable, owner-occupied demand, the fluctuations in investment properties—from 64 mortgages in 2018 to 59 in 2022—could point to varying investor confidence or changing rental market dynamics. Understanding these trends is crucial for investors, builders, real estate agents, and insurance agents as they navigate the local housing market's complexities. This data indicates evolving preferences and potential opportunities or risks in specific property segments.
Economic Outlook
Over the last nine years, Logan County, Kentucky has seen average taxable income per tax return climb from about $43,745.79 in 2013 to roughly $55,468.02 in 2021, signaling economic growth and potentially higher spending power among residents. Average state and local income taxes also increased significantly, peaking at $12,693.75 in 2020, likely reflecting rising incomes or tax rate adjustments. While tax liability per return fluctuated, the general upward trend points to notable economic... Read more
Average Taxable Income per Tax Return in Logan County, KY over the last 9 years
Over the last nine years, Logan County, Kentucky has seen a generally upward trend in average taxable income per tax return, climbing from about $43,745.79 in 2013 to around $55,468.02 in 2021. This increase may signal economic growth and potential for higher spending power among residents. This trend could be attractive for real estate investors, appraisers, and insurance agents, as it suggests a possibly growing market with increasing property values and insurance needs.
Average State and Local Income Taxes Per Tax Return in Logan County, KY Over the Last 10 Years
Over the past decade, Logan County, Kentucky has seen a substantial increase in average state and local income taxes per tax return. Starting at $5,492.50 in 2012, the amount peaked in 2020 at $12,693.75, mirroring economic growth trends and possibly reflective of rising incomes or tax rate adjustments. This sustained upward trend in tax obligation offers critical insights for potential investors and property developers, revealing an economically dynamic environment that impacts both costs and potential revenue projections. Current residents and those considering moving should also take note, as these figures could influence take-home pay and cost of living estimates in Logan County.
Average Total Tax Liability Per Tax Return in Logan County, KY Over the Last 10 Years
In Logan County, Kentucky, the past decade has seen a fluctuating yet generally upward trend in the average total tax liability per return, indicating a notable increase in residents' taxable income. Key inflection points include 2016, where tax liability spiked to $7,447.27, and 2021, closing in at $7,242.04. These patterns might interest investors, signaling potential economic growth or changing financial landscapes in the county. This can also offer useful insights for those planning to move to or develop properties in the area.
Cost of Living in Logan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,037 | $1,190 | $1,820 | $1,012 | $1,051 |
| 1 adult 4 children | $1,037 | $972 | $1,392 | $1,012 | $1,120 |
| 2 adults 3 children | $1,037 | $972 | $1,579 | $1,012 | $880 |
| 1 adult 3 children | $1,037 | $794 | $1,151 | $1,012 | $868 |
| 2 adults 2 children | $763 | $796 | $1,338 | $878 | $752 |
| 1 adult 2 children | $763 | $595 | $910 | $878 | $656 |
| 2 adults 1 child | $763 | $629 | $1,097 | $442 | $719 |
| 1 adult 1 child | $763 | $406 | $669 | $442 | $600 |
| 2 adults | $580 | $505 | $856 | $0 | $622 |
| 1 adult | $553 | $276 | $428 | $0 | $532 |
Safety trends & Data
Logan County, Kentucky has experienced a notable fluctuation in property crimes over the past five years. Burglaries have generally decreased from 17 in 2018 to 3 in 2022, while larceny-theft saw peaks and valleys, with a maximum of 34 cases in 2018 and a drop to 13 in 2020 before rising again. Fraud occurrences have mostly decreased, and vandalism incidents, though fluctuating, have stayed relatively low, maxing at 6 arrests. These trends might suggest a shift in crime focus or the... Read more
Property Crime Trends in Logan County, KY Over the Last 5 Years
Logan County, Kentucky has seen a notable fluctuation in property crimes over the past five years. The number of burglaries has generally decreased from 17 in 2018 to 3 in 2022, while larceny-theft has seen peaks and valleys, with a maximum of 34 cases in 2018 and a subsequent drop to 13 in 2020 before rising again. Fraud occurrences have largely decreased as well. Vandalism incidents have fluctuated but stayed relatively low, maxing at 6 arrests. These trends might suggest a shift in crime focus or effectiveness of local law enforcement strategies, which could be useful for investors, appraisers, and new residents to consider.
Demographics
Logan County, Kentucky exhibits a slightly higher female population of about 10,675 compared to approximately 10,179 males. Educational attainment suggests a dominant high school graduate presence, followed by individuals with some college but no degree. Sparse representation in higher education degrees may point towards potential growth areas in professional development. The age distribution skews towards a middle-aged demographic with the 35 to 64-year cohort being predominant. Racial... Read more
Race Distribution in Logan County, Kentucky (2022)
Educational Attainment in Logan County, Kentucky (2022)
Age Distribution in Logan County, Kentucky
Citizen Population in Logan County, Kentucky (2022)
Political Trends & Data
Logan County, Kentucky, seemingly leans Republican, with the 2020 U.S. Presidential Election showing Republicans potentially garnering around 73.4% of the vote. Democrats were likely behind with about 25.1%, and Libertarians captured nearly 1.2%. This Republican dominance could reflect local political and economic policies, potentially influencing real estate markets with conservative development tendencies and business-friendly... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Logan County, Kentucky, the 2020 U.S. Presidential Election saw Republicans potentially outperforming with about 73.4% of the vote, while Democrats captured approximately 25.1%. The Libertarian party gained a foothold with nearly 1.2%, and other parties collectively accounted for a small fraction. This trend might suggest a strong Republican leaning in the county's political landscape.
73.44% of voters voted for the Republican party in the 2020 Presidential Election
25.06% of voters voted for the Democrat party in the 2020 Presidential Election
1.17% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Analyzing the student-to-teacher ratio trends in Logan County, Kentucky, over the last decade reveals notable fluctuations. While the ratios hovered around the mid-15 range for several years, a significant spike in 2021 saw it skyrocket to 53, which then drastically dropped to below 14 in 2022, and rebounded to nearly 29 in 2023. A more stable ratio offers an indicator of resources allocated to education, which might impact property values, family move decisions, and local investment... Read more
Student-to-teacher ratio in Logan County, Kentucky over the last 10 years
Analyzing the student-to-teacher ratio trends in Logan County, Kentucky over the last decade reveals notable fluctuations. While the ratios hovered around the mid-15 range for several years, a significant spike in 2021 saw it skyrocket to 53, which then drastically dropped to below 14 in 2022, and rebounded to nearly 29 in 2023. A more stable ratio offers an indicator of resources allocated to education, which might impact property values, family move decisions, and local investment opportunities. Compared to the national average of 14 students per teacher, potential investors or families might find 2022 data particularly appealing, but the dramatic variances in other years may warrant caution.
