Muhlenberg County Real Estate and Livability Trends
Muhlenberg County, Kentucky’s real estate market reflects notable growth with median home values jumping from $77,800 in 2015 to $115,900 in 2022, despite remaining below state and national averages. A rise in residential energy tax credits to $927.27 in 2021 indicates a push for energy-efficient home improvements. The doubling of average real estate taxes over the past decade to $2,486.36 in... Read more
Muhlenberg County Market Trends
Muhlenberg County, Kentucky's real estate market shows notable growth with median home values climbing from $77,800 in 2015 to $115,900 in 2022. While still below state and national medians, the rate of increase suggests investment potential. The rise in residential energy tax credits to $927.27 in 2021 indicates a growing focus on energy-efficient improvements. Average real estate taxes have... Read more
Median Value of Occupied Housing Units in Muhlenberg County, Kentucky Over the Last 8 Years
From 2015 to 2022, the median home values in Muhlenberg County, Kentucky exhibited a consistent upward trend, increasing from $77,800 to $115,900. While still below both the Kentucky state median of $177,000 and the national median of $179,400 in 2022, Muhlenberg County's growth rate indicates a closing gap, which could imply promising investment opportunities. The steep climb in the last few years suggests rising local market demand or improved economic conditions, potentially appealing to investors, developers, or new residents looking for appreciation potential.
Residential Energy Tax Credit Per Tax Return in Muhlenberg County, KY Over the Last 8 Years
Residential energy tax credits in Muhlenberg County, Kentucky have seen fluctuating but generally increasing trends over the past eight years. The average tax credit per return started at $300.00 in 2013, slightly dropped around 2014-2015, then saw a substantial rise in 2017 at $616.67. The highest point occurred in 2021, hitting $927.27. This volatility and significant upward trend may suggest growing investments in energy-efficient improvements among residents, making Muhlenberg County an interesting spot for appraisors, investors, and real estate agents focused on sustainable living.
Average Real Estate Taxes Per Tax Return in Muhlenberg County, KY Over the Last 10 Years
Over the last decade, Muhlenberg County, Kentucky has experienced a steady increase in average real estate taxes per tax return, starting from $1252.63 in 2012 and climbing to $2486.36 by 2021. The most notable jump occurred between 2017 and 2018, where the average nearly doubled from $1505.52 to $2290.63. This trend suggests a rising cost for property owners, which could influence decisions for potential investors, homebuyers, and real estate professionals. Analyzing this data might be valuable for property appraisers, insurance agents, and anyone planning to build or invest in the area's real estate market.
Percentage of Farm Returns in Muhlenberg County, KY Over the Last 10 Years
Farm tax returns in Muhlenberg County, Kentucky, signify the percentage of federal tax returns claiming farm income over a decade, reflecting an observable decline from 4.67% in 2012 to around 3.69% in 2021. Understanding these figures is crucial for those interested in agricultural investments or land development, as the downward trend might imply shifts in local farming viability, profitability, or demographic changes affecting farm ownership and income. This shift could influence decisions regarding property investment, community planning, and targeted economic development strategies in this rural area.
Number of Mortgages by Occupancy Type in Muhlenberg County, KY Over the Last 5 Years in Muhlenberg County
In Muhlenberg County, Kentucky, the primary type of mortgage issuance over the past five years has overwhelmingly been for principal residences, with numbers fluctuating from a low of 928 in 2019 to a high of 1273 in 2021. Investment properties have seen more modest, yet gradually increasing numbers, peaking at 67 in 2022. Meanwhile, second residences have maintained consistently low figures, rising marginally from 10 in 2018 to 22 in 2021. These shifts indicate a strong local demand for primary housing, which could suggest stability for long-term investments. Moreover, the slow but steady rise in investment property mortgages suggests a cautious but growing interest in rental or redevelopment opportunities, possibly signaling a longer-term confidence in the area's economic prospects. For insurance agents and appraisers, the significant focus on principal residences may imply more stable, predictable market conditions. Real estate agents and builders can use this data to gauge potential property development and sales strategies aimed primarily at homeowners.
Economic Outlook
Muhlenberg County, Kentucky has experienced a steady climb in average taxable income per tax return, rising from $44,269.96 in 2013 to $51,535.41 in 2021. This upward trend hints at growing economic vitality, potentially making the area attractive to investors and those considering relocation. Concurrently, average state and local income taxes have also increased, jumping from $5,249.27 in 2012 to $8,050.00 in 2021, possibly indicating higher local government spending or tax adjustments.... Read more
Average Taxable Income per Tax Return in Muhlenberg County, KY over the last 9 years
Muhlenberg County, Kentucky has seen a steady increase in average taxable income per tax return over the last nine years. Notably, incomes climbed from $44,269.96 in 2013 to a peak of $51,535.41 in 2021. This gradual rise might suggest growing economic vitality, potentially making it an attractive area for prospective investors, real estate agents, and those considering relocation. However, there was a slight dip in 2020, likely reflecting broader economic uncertainties. The overall upward trend could be leveraged by appraisers and insurance agents to adjust evaluations and premiums based on increasing financial health in the area.
Average State and Local Income Taxes Per Tax Return in Muhlenberg County, KY Over the Last 10 Years
Average state and local income taxes per tax return in Muhlenberg County, Kentucky have generally increased over the last decade, starting from $5,249.27 in 2012 to $8,050.00 in 2021. Notable jumps include 2018, where taxes spiked to $7,544.83, and another rise in 2021. This trend could signal growing local government spending or adjustments in tax codes, potentially impacting residents and businesses considering investments in the area.
Average Total Tax Liability Per Tax Return in Muhlenberg County, KY Over the Last 10 Years
In Muhlenberg County, Kentucky, the average total tax liability per tax return has seen some fluctuation over the past decade, with a notable high of $6,320.87 in 2021 and a low of $5,415.66 in 2020. Although there's been an overall upward trend, periodic dips suggest varying economic factors at play. These numbers might indicate changes in county-level tax policies or shifts in the local economy, making it crucial for investors and residents alike to stay informed about potential future tax liabilities. Understanding these fluctuations can help in planning financial strategies when considering property investments or relocations in the area.
Cost of Living in Muhlenberg County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $934 | $1,239 | $1,721 | $1,012 | $1,002 |
| 1 adult 4 children | $934 | $1,012 | $1,315 | $1,012 | $1,067 |
| 2 adults 3 children | $934 | $1,012 | $1,493 | $1,012 | $842 |
| 1 adult 3 children | $934 | $826 | $1,088 | $1,012 | $820 |
| 2 adults 2 children | $742 | $828 | $1,266 | $878 | $744 |
| 1 adult 2 children | $742 | $619 | $860 | $878 | $649 |
| 2 adults 1 child | $742 | $655 | $1,038 | $442 | $711 |
| 1 adult 1 child | $742 | $423 | $633 | $442 | $595 |
| 2 adults | $564 | $526 | $811 | $0 | $617 |
| 1 adult | $538 | $287 | $405 | $0 | $528 |
Safety trends & Data
Property crime trends in Muhlenberg County, Kentucky have shown notable variations over the last five years, with larceny-theft peaking at 85 incidents in 2022. Burglary saw a significant increase to 17 cases in 2021 before dropping back to 11 in 2022, while motor vehicle theft remains consistently low at 3 to 5 cases annually. An upsurge in stolen property and counterfeiting incidents, especially in 2021, may indicate underlying economic factors. These crime trends highlight the importance of... Read more
Property Crime Trends in Muhlenberg County, KY Over the Last 5 Years
Property crime trends in Muhlenberg County, Kentucky have shown some notable variations over the last five years. Larceny-theft consistently stands out as the most common crime, peaking at 85 incidents in 2022. Burglary shows fluctuations, with a significant increase to 17 cases in 2021 before dropping back to 11 in 2022. Meanwhile, motor vehicle theft remains stable but low, with around 3 to 5 cases annually. There's a surprising uptick in incidents of stolen property and counterfeiting, especially in 2021, which could be indicative of underlying economic factors. For potential investors, appraisers, or real estate agents, these trends highlight the importance of security considerations in property development and valuation within the county.
Demographics
Muhlenberg County, Kentucky's demographic trends reveal a near-equal split in gender, with a slightly higher number of males compared to females. Educational attainment highlights that a significant portion of the adult population has completed high school, but college degrees are less common. The age distribution suggests a fairly balanced spread across different age groups, with notable population clusters in the 25-54 years range. The racial makeup of the county remains predominantly White,... Read more
Race Distribution in Muhlenberg County, Kentucky (2022)
Educational Attainment in Muhlenberg County, Kentucky (2022)
Age Distribution in Muhlenberg County, Kentucky
Citizen Population in Muhlenberg County, Kentucky (2022)
Political Trends & Data
In Muhlenberg County, Kentucky, the 2020 U.S. Presidential Election results indicate a significant preference for Republican candidates, possibly reflecting strong support for conservative policies in the area. With Democrats securing about 25% of the vote, there's a smaller, yet notable liberal presence. Additionally, minor parties such as the Libertarians have shown a minimal but still present interest, suggesting some political diversity among local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Muhlenberg County, Kentucky, the 2020 U.S. Presidential Election results suggest a strong lean towards the Republican party, which potentially indicates significant support for conservative policies and candidates. The Democratic party garnered roughly a quarter of the vote, which might reflect a smaller yet notable liberal presence. Other parties, including the Libertarians, showed minimal but existent interests, possibly signaling limited but diverse political perspectives among the electorate.
73.76% of voters voted for the Republican party in the 2020 Presidential Election
24.91% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
Muhlenberg County, Kentucky has seen fluctuating student-to-teacher ratios over the past decade, peaking at 17 in 2016 but mostly staying below the national average of 14. Lower student-to-teacher ratios might suggest more individualized attention for students, potentially impacting the area’s desirability for families and affecting property values. These metrics can be essential for appraisers and insurance agents when evaluating the community's appeal and the stability of its educational... Read more
Student-to-teacher ratio in Muhlenberg County, Kentucky over the last 10 years
Muhlenberg County, Kentucky has seen fluctuating student-to-teacher ratios over the past decade, peaking at 17 students per teacher in 2016 but mostly staying below the national average of 14. This variance in student-to-teacher ratios could influence decisions for potential property investors, families considering relocation, and professionals within the education sector. Generally, lower ratios might suggest more individualized attention for students, potentially impacting the desirability of the area for families and affecting property values. For appraisers and insurance agents, understanding these trends could be crucial for assessing the community's appeal and educational infrastructure's stability.
