Meade County Real Estate and Livability Trends
Meade County, Kentucky, has experienced notable economic growth, with average taxable incomes rising from $46,269.34 in 2013 to $64,374.87 in 2021, which might signal improving job opportunities or wage hikes. Median home values surged from $126,100 in 2015 to $187,400 in 2022, surpassing state and national averages. Property crime trends and fluctuating mortgage counts add complexity, while the... Read more
Meade County Market Trends
Over the past eight years, Meade County, Kentucky has seen its median home values leap from $126,100 in 2015 to $187,400 in 2022, outpacing both the state and national averages. Concurrently, average residential energy tax credits jumped from $351.43 in 2013 to $942.11 in 2021, hinting at a surge in energy-efficient upgrades. Real estate taxes also climbed sharply, from $1,605.86 in 2012 to... Read more
Median Value of Occupied Housing Units in Meade County, Kentucky Over the Last 8 Years
Over the past eight years, the median home values in Meade County, Kentucky, have shown a significant upward trend, rising from $126,100 in 2015 to $187,400 in 2022. When compared to the state average, Meade County often surpasses Kentucky's numbers, especially noticeable in recent years. For instance, in 2022, Meade County's median home value was $10,400 higher than Kentucky's $177,000. Even on a national scale, Meade County's growth rate in median home values is competitive, closely aligning with the U.S. average which was $179,400 in 2022. These trends could indicate a favorable market for anyone considering investing or moving to Meade County.
Residential Energy Tax Credit Per Tax Return in Meade County, KY Over the Last 8 Years
Over the past eight years, Meade County, Kentucky has seen an upswing in the average residential energy tax credit per tax return, with a marked increase from $351.43 in 2013 to $942.11 in 2021. This surge could suggest a growing interest in energy-efficient home improvements or enhanced incentives for such investments. For real estate agents, appraisers, and insurance agents, these trends might signal a rise in property values and attractiveness of energy-efficient homes. Investors and residents considering moves may find this indicative of a proactive community focused on sustainable living.
Average Real Estate Taxes Per Tax Return in Meade County, KY Over the Last 10 Years
Meade County, Kentucky has experienced a notable rise in average real estate taxes per tax return over the last decade, starting from approximately $1,605.86 in 2012 and peaking around $2,937.21 in 2020. The most significant jump occurred between 2017 and 2018, indicating a potential shift in property values or tax assessments. For prospective investors or homeowners, these trends may suggest an appreciating market but also imply higher ongoing tax obligations. Real estate agents and appraisers should be mindful of these changes when evaluating property values and advising clients. County residents and those considering a move might need to factor in this upward trend in their financial planning.
Percentage of Farm Returns in Meade County, KY Over the Last 10 Years
Farm tax returns in Meade County, Kentucky have shown a subtle decline over the last decade, suggesting potential changes in agricultural productivity or economic factors influencing farming. The highest recorded percentage was around 7.39% in 2012, dropping slightly to about 6.07% by 2021. For those interested in investing or building property here, these trends might hint at shifts in the local economy and the evolving role of agriculture. Consideration of these data points is crucial for understanding the broader economic landscape of Meade County.
Number of Mortgages by Occupancy Type in Meade County, KY Over the Last 5 Years in Meade County
In Meade County, Kentucky, over the past five years, mortgage counts have notably fluctuated across different occupancy types. Principal residences consistently dominate, with peaks in 2020 and 2021, reflecting likely influences from market conditions or population changes. Investment properties show a slight downward trend, suggesting a potential shift in investor focus or availability. Second residences, although small in number, saw an uptick during the same period. These variances are crucial for investors, developers, appraisers, and real estate agents as they underline market stability and potential growth areas. This data might also sway decisions for those considering relocation and inform local insurance risk assessments.
Economic Outlook
Meade County, Kentucky, has seen average taxable incomes per tax return climb from $46,269.34 in 2013 to $64,374.87 in 2021, hinting at an improving local economy possibly fueled by better job prospects or wage increases. Alongside this, average state and local income taxes have nearly doubled from $4,731.02 in 2012 to $8,402.56 in 2021, suggesting rising incomes or tax policy changes. The total tax liability has also risen significantly, from $5,505.39 in 2012 to $8,942.06 in 2021, marking... Read more
Average Taxable Income per Tax Return in Meade County, KY over the last 9 years
Meade County, Kentucky has shown a noticeable upward trend in average taxable income per tax return over the past nine years, growing from approximately $46,269.34 in 2013 to around $64,374.87 in 2021. This steady rise could indicate a strengthening local economy, perhaps reflecting increased employment opportunities or wage growth. For investors, real estate agents, and insurance agents, this economic trajectory might signal a robust market with potential for continued appreciation. Additionally, prospective residents and property developers might see this as a positive indicator of financial stability and prosperity in the area.
Average State and Local Income Taxes Per Tax Return in Meade County, KY Over the Last 10 Years
Meade County, Kentucky has seen a gradual increase in average state and local income taxes per tax return over the last decade. Starting at $4,731.02 in 2012, the amount has nearly doubled by 2021, reaching $8,402.56. This trend might suggest rising incomes or changes in tax policies and can be an important consideration for potential investors and residents. The consistent upward movement could indicate a booming local economy, but it also raises questions about the future tax burden for those living in or planning to move to the county.
Average Total Tax Liability Per Tax Return in Meade County, KY Over the Last 10 Years
The average total tax liability per tax return in Meade County, Kentucky has shown a noteworthy upward trend over the past decade. Starting at approximately $5,505.39 in 2012, figures have climbed significantly, reaching around $8,942.06 by 2021. Notable spikes occurred in 2017 and 2020, with average liabilities rising to $6,930.86 and $7,211.83, respectively. This trend might suggest increasing income levels or changes in tax policies. Investors, potential residents, and property developers may find this data relevant for making informed decisions about financial commitments and economic potential in this area.
Cost of Living in Meade County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,249 | $1,307 | $1,751 | $1,179 | $1,239 |
| 1 adult 4 children | $1,249 | $1,067 | $1,338 | $1,179 | $1,334 |
| 2 adults 3 children | $1,249 | $1,068 | $1,520 | $1,179 | $1,027 |
| 1 adult 3 children | $1,249 | $872 | $1,107 | $1,179 | $1,104 |
| 2 adults 2 children | $879 | $874 | $1,289 | $1,025 | $867 |
| 1 adult 2 children | $879 | $653 | $876 | $1,025 | $778 |
| 2 adults 1 child | $879 | $691 | $1,058 | $525 | $795 |
| 1 adult 1 child | $879 | $446 | $645 | $525 | $673 |
| 2 adults | $668 | $555 | $827 | $0 | $664 |
| 1 adult | $663 | $303 | $414 | $0 | $576 |
Safety trends & Data
Meade County, Kentucky has shown fluctuating property crime stats over the last five years. Notably, burglaries peaked at 16 in 2020, while motor vehicle thefts increased to 9 in 2022. Although fraud and forgery incidents have declined recently, the rise in other property crimes suggests potential risk factors for investors or those looking to... Read more
Property Crime Trends in Meade County, KY Over the Last 5 Years
Over the last five years, Meade County, Kentucky has shown fluctuating property crime stats. Noteworthy trends include a spike in burglaries and motor vehicle thefts in recent years, with burglaries peaking at 16 in 2020 and motor vehicle thefts increasing to 9 in 2022. Fraud and forgery incidents exhibit varied activity, but both saw a noticeable decline in recent years. Those looking to invest or relocate should note the marked rise in multiple property crime categories, which suggests potential risk factors that merit consideration.
Demographics
Meade County, Kentucky exhibits a balanced gender split, with men slightly outnumbering women. The population showcases a diverse spread across all age groups, though individuals between 35 and 64 years form the largest age cohort. When examining educational attainment, the majority possess a high school diploma, with a significant portion having some college experience or an associate's degree. Racially, the county is predominantly White, with smaller representations from Black or African... Read more
Race Distribution in Meade County, Kentucky (2022)
Educational Attainment in Meade County, Kentucky (2022)
Age Distribution in Meade County, Kentucky
Citizen Population in Meade County, Kentucky (2022)
Political Trends & Data
The real estate market in Meade County, Kentucky, could be influenced by its strong Republican voter base, with 72.2% support in the 2020 U.S. Presidential Election. This conservative tilt suggests local policies may favor homeowners and potentially result in lower property taxes, attracting buyers who prioritize fiscal... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Meade County, Kentucky, the 2020 U.S. Presidential Election results suggest a predominantly Republican preference, with around 72.2% of the vote. Democrats garnered approximately 25.7%, while Libertarians received about 1.7%. The data could indicate a strong trend toward conservative policies and candidates, potentially impacting local and state elections similarly.
72.18% of voters voted for the Republican party in the 2020 Presidential Election
25.74% of voters voted for the Democrat party in the 2020 Presidential Election
1.67% of voters voted for the Livertarian party in the 2020 Presidential Election
0.42% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Meade County, Kentucky, the student-to-teacher ratio peaked at 26 students per teacher in 2020, significantly above the national average of 14. These fluctuations may affect educational quality and property values, highlighting the potential concerns for investors and homebuyers. Smaller class sizes often mean more individualized attention, appealing to families, while larger sizes could raise concerns about education quality. This trend might indicate shifting priorities or resource... Read more
Student-to-teacher ratio in Meade County, Kentucky over the last 10 years
Over the past decade, Meade County, Kentucky, has seen a significant fluctuation in student-to-teacher ratios, peaking at a high of 26 students per teacher in 2020. This is well above the national average of 14 students per teacher and may indicate challenges in maintaining smaller class sizes. These fluctuations could impact educational quality and property values, making it noteworthy for potential investors, residents, and real estate professionals. Smaller class sizes often translate to more individualized attention for students, which can be a factor for families considering relocation, while larger sizes might concern educators and parents regarding the quality of education. This evolving trend in Meade County could suggest shifting priorities or resource allocations within the educational sector.
