McCreary County Real Estate and Livability Trends

McCreary County, Kentucky has seen an increase in median home values from $62,300 in 2015 to $85,300 in 2022, still far below Kentucky's state median of $177,000 and the national median of $179,400, suggesting higher affordability. The residential energy tax credits per tax return in the county have fluctuated, peaking at $433.33 in 2021 after a low in 2016, potentially signaling increasing local... interest in energy efficiency. Real estate taxes per tax return have also varied, hitting $1,875.00 in 2019 before settling at $1,475.00 in 2021, which might require property owners to plan ahead for potential hikes. The percentage of farm tax returns has been relatively stable but peaked at approximately 3.0% in 2021, indicating consistent agricultural activity. The number of mortgages for principal residences has shown a growing trend, reaching 369 in 2022, which may suggest a solid demand for primary housing and a possible focus for new developments. Read more

McCreary County, Kentucky, has seen a noticeable uptick in the average taxable income per tax return, rising from around $29,446.31 in 2013 to $39,347.93 in 2021. Concurrently, the average state and local income taxes have surged, with a significant jump from roughly $5,500 in 2017 to $12,850 in 2021, hinting at a possible increase in income levels or tax rates. This upward trend, while reflecting economic improvement, also points to higher living costs, vital for investors and residents to... consider in their financial planning. The average total tax liability has likewise increased from $3,061.39 in 2012 to approximately $4,561.37 by 2021, underscoring a broader trend of rising incomes and possibly higher tax rates. Read more

Property crime patterns in McCreary County, Kentucky, indicate a relatively low yet somewhat fluctuating rate, with burglary incidents standing out. In 2018, burglary peaked at two incidents before stabilizing in the following years. This trend may suggest the necessity for increased security measures or continuous monitoring in certain... areas. Read more

With a higher male population, McCreary County, Kentucky, seems to reveal intriguing patterns. Educational attainment here points to a strong emphasis on high school completion, but a noticeable gap in higher education degrees. The age distribution highlights a relatively young population, with a significant chunk falling under 45 years, indicating potential for growth and development if educational resources are enhanced. Predominantly White, the racial diversity remains limited, which could... influence cultural dynamics and community initiatives. Keeping an eye on these trends could help tailor local policies and resource allocation better. Read more

In McCreary County, Kentucky, the 2020 U.S. Presidential Election results indicate a strong leaning towards conservative policies, with the Republican Party capturing a majority of the vote, while the Democratic Party's influence appears limited. Libertarian and other minor parties showed minimal impact, which might reflect low engagement or awareness among... residents. Read more

The student-to-teacher ratio in McCreary County, Kentucky has seen notable shifts over the past decade, peaking at nearly 26 students per teacher in 2018 before dropping to around 15 in 2023. This downward trend aligns more closely with the national average of 14 and might influence local education quality perceptions. These changes could be valuable for investors, real estate agents, and movers when evaluating the competitiveness of local schools. Additionally, appraisers and insurance agents... may consider these metrics when assessing property values and coverage needs, given the potential impact on community demand and family-oriented amenities. Read more