McCracken County Real Estate and Livability Trends
McCracken County, Kentucky, has seen a steady increase in average taxable income per tax return, rising from $56,083.26 in 2013 to $72,535.00 in 2021, suggesting economic growth. Median home values have also climbed from $124,400 in 2015 to $172,300 in 2022, though the area lags slightly behind national trends. Real estate taxes per return nearly doubled from $1,786.82 in 2012 to $3,865.99 in... Read more
McCracken County Market Trends
McCracken County, Kentucky, has seen a consistent rise in median home values from $124,400 in 2015 to $172,300 in 2022, aligning with state trends but slightly lagging behind national growth. Notably, a significant jump in average real estate taxes per tax return is evident, from approximately $1,786.82 in 2012 to $3,865.99 by 2021, indicating either rising property values or changes in tax... Read more
Median Value of Occupied Housing Units in McCracken County, Kentucky Over the Last 8 Years
McCracken County, Kentucky, has seen a consistent upward trend in median home values over the last eight years, climbing from $124,400 in 2015 to $172,300 in 2022. This increase is in line with state-level trends but slightly below the national figures, which rose from $125,500 to $179,400 over the same period. The growth in home values suggests this could be a stable investment for those considering purchasing property, moving, or building in McCracken County.
Residential Energy Tax Credit Per Tax Return in McCracken County, KY Over the Last 9 Years
McCracken County, Kentucky, has seen quite a fluctuating pattern in residential energy tax credits per tax return over the past nine years, hitting a peak of $1,500.00 in 2018. Despite this significant spike, the trend didn't continue upward, with notable drops seen in subsequent years. This variability may indicate shifting state policies or evolving adoption rates of energy-efficient home improvements. Prospective investors and real estate agents might find this pattern useful in assessing the county's commitment to energy efficiency, which can influence property values and insurance costs. This context is especially relevant for those interested in long-term investments or sustainable living practices in McCracken County.
Average Real Estate Taxes Per Tax Return in McCracken County, KY Over the Last 10 Years
Over the last decade, McCracken County, Kentucky has seen a significant increase in average real estate taxes per tax return, jumping from approximately $1,786.82 in 2012 to around $3,865.99 by 2021. This upward trend may indicate rising property values or changes in tax rates, and it’s a critical data point for potential investors, homebuyers, real estate agents, and appraisers. The sharp rise beginning in 2018 suggests a notable shift that could impact long-term financial planning for residents and businesses alike.
Percentage of Farm Returns in McCracken County, KY Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in McCracken County, Kentucky has seen a subtle but noticeable decline, dipping from 1.92% in 2012 to 1.54% in 2021. The small fluctuations year-by-year suggest a steady downward trend. In the context of farm tax returns, these figures represent the proportion of farm-related tax filings relative to total tax returns, serving as a barometer for the prevalence of agricultural activity within the county. For investors and potential property developers, this may indicate a gradual shift away from agriculture-based land usage, possibly opening up opportunities for other forms of land development or suggesting a need for diversification if investing in local farms.
Number of Mortgages by Occupancy Type in McCracken County, KY Over the Last 5 Years in McCracken County
McCracken County, Kentucky has seen notable shifts in mortgage counts by occupancy type over the last five years. Principal residences consistently dominate the mortgage landscape, but there was a sharp decline in 2022, dropping to 2,327 from a 2020 peak of 3,349. Investment properties have a smaller yet somewhat steady presence, with a high in 2021 at 177 mortgages. Second residences remain minimal but stable, fluctuating around the mid-to-high 30s. These changes in occupancy type are crucial for investors, appraisers, and insurance agents as they provide insight into the local real estate demand elasticity, economic health, and potential risk exposure. Real estate agents and those looking to build or invest might find this normalization valuable in predicting market trends and tailoring their strategies accordingly.
Economic Outlook
McCracken County, Kentucky, has shown a marked upward trend in average taxable income per tax return over the last nine years, moving from approximately $56,083.26 in 2013 to about $72,535.00 in 2021, highlighting potential economic growth spurts. This dynamic region also experienced notable shifts in state and local income taxes, particularly with a substantial spike to $16,214.47 in 2021, which could impact long-term affordability for investors and residents. Despite some improvements, the... Read more
Average Taxable Income per Tax Return in McCracken County, KY over the last 9 years
McCracken County, Kentucky has seen an overall upward trend in average taxable income per tax return over the last nine years, jumping from approximately $56,083.26 in 2013 to around $72,535.00 in 2021. Notable year-over-year increases in 2015 and 2021 suggest spurts of economic growth that potential investors and property developers might find appealing. The fluctuations indicate a dynamic economic environment, important for stakeholders like appraisers and insurance agents to monitor for valuation and policy adjustments.
Average State and Local Income Taxes Per Tax Return in McCracken County, KY Over the Last 10 Years
McCracken County, Kentucky, has experienced notable fluctuations in average state and local income taxes per tax return over the past decade. After a steady increase from $7,890.32 in 2012 to $11,042.65 in 2015, there was a brief dip before sharply rising again. The most significant spike occurred in 2018, reaching $14,903.89 and peaking at $16,214.47 in 2021. For potential investors and residents, understanding these tax trends can be crucial for financial planning and assessing long-term affordability.
Average Total Tax Liability Per Tax Return in McCracken County, KY Over the Last 10 Years
The average total tax liability per tax return in McCracken County, Kentucky, has seen some notable fluctuations over the past decade. After a steady climb from around $9,547.82 in 2012 to $13,029.81 in 2015, there was some volatility with figures dropping and then rising again, hitting $12,573.31 in 2021. This trend suggests potential variability in income levels or tax policy changes that could be of interest to potential investors or residents evaluating the financial landscape of the county.
Cost of Living in McCracken County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,094 | $1,327 | $1,746 | $1,019 | $1,045 |
| 1 adult 4 children | $1,094 | $1,084 | $1,335 | $1,019 | $1,103 |
| 2 adults 3 children | $1,094 | $1,084 | $1,515 | $1,019 | $871 |
| 1 adult 3 children | $1,094 | $885 | $1,104 | $1,019 | $853 |
| 2 adults 2 children | $878 | $887 | $1,284 | $897 | $767 |
| 1 adult 2 children | $878 | $663 | $873 | $897 | $670 |
| 2 adults 1 child | $878 | $701 | $1,053 | $500 | $743 |
| 1 adult 1 child | $878 | $453 | $642 | $500 | $622 |
| 2 adults | $667 | $563 | $822 | $0 | $623 |
| 1 adult | $637 | $307 | $411 | $0 | $531 |
Safety trends & Data
McCracken County, Kentucky has seen fluctuating property crime rates over the past five years, with larceny-theft dropping from 236.00 incidents in 2019 to 164.00 in 2022. Vandalism notably spiked to 74.00 incidents in 2022, hinting at potential emerging trends in property damage. Fraud cases also showed variability, increasing to 34.00 in 2022. These shifts could reflect underlying economic or social changes, offering valuable insights for investors, real estate agents, and... Read more
Property Crime Trends in McCracken County, KY Over the Last 5 Years
Over the past five years, McCracken County in Kentucky has seen a fluctuation in property crime rates with notable shifts in specific areas. Larceny-theft consistently remains the most significant issue, although there was a drop from 236.0 incidents in 2019 to 164.0 in 2022. Vandalism spiked significantly in 2022 to 74.0 incidents, potentially indicating emerging trends in property damage. Fraud cases have also shown variability, with a recent increase to 34.0 cases in 2022. These trends could suggest underlying economic or social shifts, making the area an interesting study for potential investors, real estate agents, and local policymakers.
Demographics
McCracken County, Kentucky shows a somewhat balanced gender distribution with a slightly higher female population. Educational attainment suggests a large segment of the community may perhaps be concentrated around high school graduates and some college education, hinting at a potential for industries relying on these knowledge levels. The age distribution is likely indicating a significant portion of the population is in the 55 and over category, which can infer particular social and economic... Read more
Race Distribution in McCracken County, Kentucky (2022)
Educational Attainment in McCracken County, Kentucky (2022)
Age Distribution in McCracken County, Kentucky
Citizen Population in McCracken County, Kentucky (2022)
Political Trends & Data
In McCracken County, Kentucky, the 2020 U.S. Presidential Election indicated a strong Republican preference, with Republicans likely securing around 65% of the vote and Democrats trailing at approximately 33%. Libertarians and other minor parties seem to have had minimal impact. This political landscape could mirror broader regional trends, offering potential insights into voter behavior and local policy influences that might affect various sectors, including the real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In McCracken County, Kentucky, the 2020 U.S. Presidential Election showed a notable lean towards the Republican party, with Republicans possibly securing around 65% of the vote. The Democrats trailed with approximately 33%, while Libertarians only garnered a little over 1%. Minor parties like the Green party did not appear to receive any significant support, and votes for 'Other' constituted roughly 0.4%. This distribution might reflect broader regional political trends and voter preferences in the area.
65.09% of voters voted for the Republican party in the 2020 Presidential Election
33.38% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Livertarian party in the 2020 Presidential Election
0.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
In McCracken County, Kentucky, the student-to-teacher ratio has shown notable fluctuations over the past decade, peaking at nearly 34 students per teacher in 2015 and decreasing to around 15 in both 2014 and 2021. These variations highlight changing educational resource allocations and may influence property values and insurance rates due to the link between school quality and neighborhood desirability. For investors, builders, and real estate agents, understanding these trends could offer... Read more
Student-to-teacher ratio in Mccracken County, Kentucky over the last 10 years
Over the past decade, the student-to-teacher ratio in McCracken County, Kentucky has experienced significant fluctuations, peaking at nearly 34 students per teacher in 2015 and seeing a notable decrease to around 15 in both 2014 and 2021. This trend suggests a varying degree of educational resource allocation over the years. For prospective investors, builders, and real estate agents, understanding these shifts can provide insight into the county's commitment to education, which is a critical factor for families considering relocation. While McCracken County’s ratios have occasionally exceeded the national average of 14 students per teacher, recent numbers reflect a return to more manageable class sizes, which may appeal to those prioritizing quality education. These ratios could also impact property values and insurance rates, given the link between school quality and neighborhood desirability.
