Mason County Real Estate and Livability Trends
Mason County, Kentucky, is seeing a positive trend in average taxable income per tax return, from $48,771.53 in 2013 to $58,517.30 in 2021. Real estate taxes also more than doubled during the same period, suggesting a possible uptick in property values. Median home values increased to $156,600 in 2022, still below the state and national medians, and investment properties jumped from 11 in 2020 to... Read more
Mason County Market Trends
Mason County, Kentucky's median home values increased to $156,600 in 2022, remaining below both the state median of $177,000 and the national median of $179,400. Average residential energy tax credits have ranged significantly, peaking at $2,400.00 in 2018, which might indicate varying investments in energy-efficient homes. Real estate taxes showed a sharp rise from $1,530.61 in 2012 to $3,442.86... Read more
Median Value of Occupied Housing Units in Mason County, Kentucky Over the Last 8 Years
Mason County, Kentucky has seen a steady rise in median home values over the past eight years, hitting $156,600 in 2022, which is still below the state median of $177,000 and the national figure of $179,400. This relatively lower price point could present investment opportunities, especially given that Mason County's growth rate appears consistent with broader trends. For those considering moving to or developing in Mason County, the affordability compared to both state and national medians could make it an appealing option.
Residential Energy Tax Credit Per Tax Return in Mason County, KY Over the Last 9 Years
Mason County, Kentucky has seen considerable fluctuations in the average residential energy tax credit per tax return over the past nine years, ranging from about $250.00 in 2013 to a notable high of $2,400.00 in 2018. Particularly noteworthy spikes happened in 2016 and 2021, with credits hitting around $1,076.92 and $1,171.43 respectively. These variable energy credits could suggest diverse investment in energy-efficient home improvements or varying state incentives, painting a picture of evolving priorities or financial opportunities for homeowners and those considering investments in this area. Real estate agents, appraisers, and insurance agents might find these trends particularly intriguing as they reflect potential shifts in property values and homeowner interests.
Average Real Estate Taxes Per Tax Return in Mason County, KY Over the Last 10 Years
Average real estate taxes per tax return in Mason County, Kentucky have seen a significant upward trend over the past decade. Around 2012, the average was approximately $1,530.61, rising steadily to $1,790.15 by 2017. However, a notable spike occurred in 2018, jumping to $2,757.69, and continued to increase to as much as $3,442.86 by 2021. This sharp rise in recent years could be indicative of increasing property values or changes in tax rates, making it crucial for potential investors, property developers, and current residents to consider the growing tax implications when making financial decisions.
Percentage of Farm Returns in Mason County, KY Over the Last 10 Years
Mason County, Kentucky has seen a slight downward trend in farm tax returns over the past decade, starting with a peak of approximately 9.15% in 2013 and gradually decreasing to around 7.74% in 2021. This decline may suggest shifts in agricultural activity or land use, which could be critical for anyone considering investing in local agriculture, moving to the area, or developing property. Farm tax returns indicate the number of taxpayers reporting farm income or expenses, an important metric for understanding local economic and agricultural health.
Number of Mortgages by Occupancy Type in Mason County, KY Over the Last 5 Years in Mason County
Mason County, Kentucky has shown fluctuating mortgage counts over the past five years, with principal residences consistently dominating the market. Though investment properties reveal a rising trend from 11 in 2020 to 40 in 2022, the counts for second residences remain relatively low yet stable, peaking slightly in 2020. The shifts in mortgage distribution by occupancy type could signal evolving market priorities that might interest investors seeking fruitful returns, homeowners planning relocations, and real estate agents capitalizing on housing demands. Appraisers and insurance agents could find these trends informative for evaluating property values and risks in the area, while builders might consider the somewhat increasing interest in investment properties for future development projects.
Economic Outlook
Mason County, Kentucky, has exhibited a generally positive trend in average taxable income per tax return, rising from $48,771.53 in 2013 to $58,517.30 in 2021. This trend may suggest a strengthening local economy and hold significance for investors and property appraisers evaluating market dynamics. Additionally, average state and local income taxes per tax return have more than doubled from $6,860.00 in 2012 to $12,550.00 in 2021, hinting at either economic growth or changes in tax policy.... Read more
Average Taxable Income per Tax Return in Mason County, KY over the last 9 years
Mason County, Kentucky has seen a fluctuating yet generally positive trend in average taxable income per tax return over the past nine years. Starting from an average of $48,771.53 in 2013, there has been notable growth with a significant increase to $58,517.30 by 2021. These numbers could imply a strengthening local economy, and may be of particular interest to those considering investments, evaluating property values, or assessing economic stability. Such trends are essential for real estate agents and appraisers in understanding market dynamics and for insurance agents in risk assessment.
Average State and Local Income Taxes Per Tax Return in Mason County, KY Over the Last 10 Years
Mason County, Kentucky has seen a noticeable increase in average state and local income taxes per tax return over the past decade, surging from around $6,860.00 in 2012 to over $12,550.00 in 2021. This upward trend, particularly the significant jump in 2018, might reflect economic growth or changes in tax policies. For potential investors and residents, this data could imply increasing fiscal pressure but also potential enhancements in local infrastructure and public services.
Average Total Tax Liability Per Tax Return in Mason County, KY Over the Last 10 Years
Mason County, Kentucky has seen fluctuations in the average total tax liability per tax return over the past decade. Starting at $6,964.02 in 2012, a general upward trend is noticeable with a peak reaching $8,347.27 in 2021. Though there have been occasional dips, such as in 2018 ($7,391.95) and 2019 ($7,142.40), the overarching pattern suggests a gradual increase in tax burdens. This could signal a strengthening local economy or rising property values, which may be critical for potential investors and those looking to move or build in the area.
Cost of Living in Mason County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,003 | $1,223 | $1,612 | $1,022 | $954 |
| 1 adult 4 children | $1,003 | $998 | $1,231 | $1,022 | $980 |
| 2 adults 3 children | $1,003 | $999 | $1,399 | $1,022 | $785 |
| 1 adult 3 children | $1,003 | $815 | $1,019 | $1,022 | $780 |
| 2 adults 2 children | $824 | $818 | $1,187 | $884 | $717 |
| 1 adult 2 children | $824 | $611 | $806 | $884 | $630 |
| 2 adults 1 child | $824 | $646 | $974 | $436 | $690 |
| 1 adult 1 child | $824 | $417 | $593 | $436 | $585 |
| 2 adults | $641 | $519 | $761 | $0 | $606 |
| 1 adult | $551 | $283 | $381 | $0 | $511 |
Safety trends & Data
Property crime trends in Mason County, Kentucky have shown significant fluctuations over the last five years, particularly in burglary and larceny-theft cases. Larceny-theft dropped from 44.00 reported incidents in 2018 to 27.00 in 2019, with a slight uptick in 2021 at 21.00 instances. Burglary saw a dramatic peak in 2021 with 28.00 cases, up from just 4.00 in 2020. Vandalism and motor vehicle theft displayed irregular patterns but remained lower in number compared to larceny-theft and... Read more
Property Crime Trends in Mason County, KY Over the Last 5 Years
Property crime trends in Mason County, Kentucky over the last five years show significant fluctuations, especially in burglary and larceny-theft cases. In 2018, larceny-theft was the predominant crime with 44.00 reported incidents, dropping notably to 27.00 by 2019 and further declining until it saw a slight uptick in 2021 with 21.00 instances. Burglary incidents saw a dramatic peak in 2021 with 28.00 cases reported, an increase from just 4.00 in 2020. Vandalism and motor vehicle theft also experienced irregular patterns but remained relatively lower in number compared to larceny-theft and burglary. These variations could be pivotal for potential investors, real estate agents, and insurance agents assessing the area's risk profile and safety trends.
Demographics
Mason County, Kentucky's adult population is fairly balanced between men and women. Educational attainment varies widely, with a significant portion holding only a high school diploma or some college experience but lacking a degree. Age distribution reveals a notable percentage of residents in their mid-30s to early 60s. Racial demographics are predominantly White, with smaller representations from other racial groups. These trends could influence local policy decisions and community programs,... Read more
Race Distribution in Mason County, Kentucky (2022)
Educational Attainment in Mason County, Kentucky (2022)
Age Distribution in Mason County, Kentucky
Citizen Population in Mason County, Kentucky (2022)
Political Trends & Data
Mason County, Kentucky, showed a solid preference for the Republican party in the 2020 U.S. Presidential Election, with about 69% of votes cast in their favor. The Democratic party managed around 30%, suggesting there is some, but not substantial, opposition. Third-party candidates barely made a dent, signaling limited impact from alternatives to the major political parties in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mason County in Kentucky displayed a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, with approximately 69% of the vote. The Democratic party garnered nearly 30%, suggesting a strong but perhaps not overwhelming opposition. Minor party candidates, including Libertarian and Other, received a negligible percentage of the vote, indicating minimal third-party influence in this region.
68.82% of voters voted for the Republican party in the 2020 Presidential Election
29.68% of voters voted for the Democrat party in the 2020 Presidential Election
1.07% of voters voted for the Livertarian party in the 2020 Presidential Election
0.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
Mason County, Kentucky has seen its student-to-teacher ratio vary over the past decade, peaking at 17 students per teacher but now stabilizing around 15. Although slightly above the national average of 14, this improvement may attract families focused on education. This trend could impact home values and investment prospects, as quality education often ranks high for homebuyers. Real estate professionals might leverage this positive educational shift as a selling point, potentially influencing... Read more
Student-to-teacher ratio in Mason County, Kentucky over the last 10 years
Over the last decade, Mason County, Kentucky, has experienced fluctuations in its student-to-teacher ratio, peaking at 17 students per teacher and recently stabilizing around 15 students per teacher. While the area's ratio is slightly above the current national average of 14 students per teacher, it shows a trend towards improvement, which might appeal to families prioritizing education. This dynamic could influence real estate values and investment opportunities, as quality education is often a key factor for homebuyers. Additionally, local appraisers and insurance agents might consider these educational trends when evaluating property values and risk factors. For real estate agents and those looking to build in the area, highlighting the steady reduction in the student-to-teacher ratio could be a strategic selling point.
