Metcalfe County Real Estate and Livability Trends
In Metcalfe County, Kentucky, the average taxable income per tax return rose from $31,723.47 in 2013 to $41,144.01 in 2021, suggesting a growing local economy that might attract investors. Median home values hit $95,100 in 2022, remaining significantly lower than state and national levels, indicating affordable investment opportunities. There's been an increase in residential energy tax credits,... Read more
Metcalfe County Market Trends
Metcalfe County, Kentucky’s median home value has stayed consistently below state and national levels, creating potential for affordable investments. The median value hit $95,100 in 2022, still well below Kentucky's $177,000 and the national $179,400, hinting at untapped opportunities. There's also been a rise in residential energy tax credits, from $200.00 in 2013 to $375.00 in 2021, perhaps... Read more
Median Value of Occupied Housing Units in Metcalfe County, Kentucky Over the Last 8 Years
Over the last eight years, Metcalfe County, Kentucky, has consistently shown median home values significantly below both state and national levels. Notably, while the median value in Metcalfe County saw some fluctuations, ranging from $82,600 in 2015 down to $75,200 in 2017 and then spiking to $95,100 in 2022, these values still lag behind Kentucky's state average and the national figures. For instance, in 2022, the median home value in Metcalfe County was $95,100, compared to the state's $177,000 and the national average of $179,400. This disparity might offer potential opportunities for affordable investments or property developments in Metcalfe County, particularly for those priced out of more expensive markets.
Residential Energy Tax Credit Per Tax Return in Metcalfe County, KY Over the Last 6 Years
Metcalfe County, Kentucky, has seen a notable increase in the average residential energy tax credit per tax return over the last six years, with figures rising from $200.00 in 2013 and 2014 to $375.00 in 2021. This upward trend might suggest growing investment in energy-efficient home improvements, which could be an attractive factor for potential homebuyers, investors, and real estate agents looking to tap into a market that is embracing sustainability. For appraisers and insurance agents, this increase may indicate a shift towards higher property values and potentially lower risk profiles due to enhanced energy efficiency.
Average Real Estate Taxes Per Tax Return in Metcalfe County, KY Over the Last 10 Years
Over the past decade, Metcalfe County, Kentucky has seen fluctuating average real estate taxes per tax return. Beginning in 2012 at approximately $995.45, there was a noticeable rise peaking in 2020 at $1800.00, followed by a decline to $1075.00 in 2021. This variance might be of interest to potential investors, builders, and real estate agents, as it could indicate shifting property values and economic conditions impacting the real estate market.
Percentage of Farm Returns in Metcalfe County, KY Over the Last 10 Years
Metcalfe County, Kentucky, has seen a general decline in the percentage of farm returns over the past decade, dropping from approximately 24.74% in 2012 to around 19.98% in 2021. This trend might suggest a shift away from agricultural ventures, potentially impacting local investment opportunities, land use, and economic development. Farm tax returns here denote the proportion of taxable income declared by farmers, providing insight into the profitability and prevalence of farming in the region. This potential downtrend can be crucial for those looking to invest, move to, or develop property in the county, as it may reflect broader economic and demographic shifts.
Number of Mortgages by Occupancy Type in Metcalfe County, KY Over the Last 5 Years in Metcalfe County
There's been a notable fluctuation in the number of mortgages in Metcalfe County, Kentucky over the past five years, particularly for principal residences. Investment properties and second residences have seen comparatively minor year-to-year changes. Such shifts in occupancy type might indicate evolving demands and preferences for property usage, which could be crucial for investors gauging market viability, appraisers estimating property values, or insurance agents assessing risk profiles. Real estate agents might find these trends useful when advising clients, and those considering building or moving to the area could leverage this data to better understand the local real estate landscape.
Economic Outlook
In Metcalfe County, Kentucky, the real estate market is showing promising signs with the average taxable income per tax return jumping from $31,723.47 in 2013 to $41,144.01 in 2021. This rise points toward a growing local economy and higher disposable incomes, which could attract investors and real estate developers. State and local income taxes have fluctuated but spiked to $7,975.00 in 2021, hinting at rising incomes or changing tax regulations. The overall increase in total tax liability per... Read more
Average Taxable Income per Tax Return in Metcalfe County, KY over the last 9 years
In Metcalfe County, Kentucky, there's been a notable upward trend in the average taxable income per tax return over the past nine years. From $31,723.47 in 2013, it has steadily increased to $41,144.01 by 2021, demonstrating a rise in economic prosperity. This sustained growth could be attractive to potential investors, real estate developers, and insurance agents, suggesting a strengthening local economy with increasing disposable incomes. For current residents or those considering moving, this may indicate improved economic stability and potential for higher financial well-being.
Average State and Local Income Taxes Per Tax Return in Metcalfe County, KY Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Metcalfe County, Kentucky have shown notable fluctuation, with a significant spike seen in 2021 where figures reached $7,975.00. This trend might indicate rising income levels or changes in tax law, making it a point of interest for potential investors, property developers, and new residents. Though there were some years of decline, the overall trajectory reveals a gradual increase in tax amounts, suggesting possible economic growth and evolving fiscal policies in the region. This information could be crucial for those evaluating the financial landscape of Metcalfe County.
Average Total Tax Liability Per Tax Return in Metcalfe County, KY Over the Last 10 Years
Over the past decade, Metcalfe County, Kentucky has shown a noticeable upward trend in average total tax liability per tax return, starting from $3,422.52 in 2012 and reaching $4,705.65 in 2021. This growth, despite minor fluctuations, suggests that individuals in the area might be experiencing rising incomes, possibly due to economic development or higher property values. This could be an important consideration for investors or those planning to move, as it implies a potentially increasing cost of living paired with financial growth in the community.
Cost of Living in Metcalfe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $903 | $1,247 | $1,820 | $1,012 | $1,016 |
| 1 adult 4 children | $903 | $1,018 | $1,392 | $1,012 | $1,044 |
| 2 adults 3 children | $903 | $1,018 | $1,579 | $1,012 | $829 |
| 1 adult 3 children | $903 | $831 | $1,151 | $1,012 | $820 |
| 2 adults 2 children | $742 | $834 | $1,338 | $878 | $757 |
| 1 adult 2 children | $742 | $623 | $910 | $878 | $658 |
| 2 adults 1 child | $742 | $659 | $1,097 | $442 | $721 |
| 1 adult 1 child | $742 | $426 | $669 | $442 | $599 |
| 2 adults | $582 | $529 | $856 | $0 | $630 |
| 1 adult | $538 | $289 | $428 | $0 | $532 |
Safety trends & Data
Property crime trends in Metcalfe County, Kentucky, have fluctuated over the past five years, peaking in 2019 with a notable rise in burglary incidents to 13 reported cases, before decreasing in subsequent years. Vandalism saw a sharp increase in 2022 with 7 incidents, whereas motor vehicle theft stayed consistently low. For investors and potential movers, these shifts in crime rates could impact property values and insurance premiums, making it vital to stay... Read more
Property Crime Trends in Metcalfe County, KY Over the Last 5 Years
Property crime trends in Metcalfe County, Kentucky, show notable fluctuations over the past five years, with a peak in total arrests in 2019. Burglary incidents spiked in 2019 with 13 reported cases but decreased in subsequent years. Vandalism rates were relatively low until 2022, where there was a sharp increase to 7 reported incidents. Motor vehicle theft remained consistently low across the years. For potential investors, real estate agents, and those looking to move, it's essential to recognize these shifts in crime rates, as they could influence property values and insurance premiums.
Demographics
Metcalfe County, Kentucky shows a nearly equal gender split and a diverse age range, with significant portions of its population falling into the 45-54 and 55-64 age brackets. The educational attainment in the county suggests a focus on high school graduates, though higher education degrees are less prevalent. The racial composition is predominantly white, with smaller representations from other races. This demographic information could indicate potential areas for educational and community... Read more
Race Distribution in Metcalfe County, Kentucky (2022)
Educational Attainment in Metcalfe County, Kentucky (2022)
Age Distribution in Metcalfe County, Kentucky
Citizen Population in Metcalfe County, Kentucky (2022)
Political Trends & Data
Metcalfe County, Kentucky, exhibited a strong preference for the Republican candidate in the 2020 U.S. Presidential Election, with around 79% of the vote. The Democratic candidate received about 19%, and third-party candidates saw minimal support, indicating a predominantly two-party system in this region. This voting pattern may underscore broader regional political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Metcalfe County, located in Kentucky, largely leaned Republican in the 2020 U.S. Presidential Election, potentially reflecting broader regional trends. The Republican candidate garnered approximately 79% of the vote, while the Democrat candidate received about 19%. Third-party candidates attracted minimal support, suggesting a strong two-party preference within the county.
78.99% of voters voted for the Republican party in the 2020 Presidential Election
19.45% 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
0.44% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Metcalfe County, Kentucky has fluctuated, spiking from 13 students per teacher in 2014 to a peak of 19 in 2020, then stabilizing around 16 recently. Prospective residents and real estate investors might find these higher ratios, compared to the national average of 14, indicative of larger class sizes, which could influence educational quality and classroom management. This variable ratio could impact personalized learning and student... Read more
Student-to-teacher ratio in Metcalfe County, Kentucky over the last 10 years
Over the past decade, the student-to-teacher ratio in Metcalfe County, Kentucky has seen notable fluctuations, spiking from 13 students per teacher in 2014 to a peak of 19 in 2020 before slightly stabilizing around 16 in recent years. This variable ratio could impact the quality of education and classroom management, making it worth considering for prospective residents, real estate investors, and education-focused professionals. When compared to the national average of 14 students per teacher, Metcalfe County's higher ratios might suggest larger class sizes, potentially affecting personalized learning and student performance.
