Ohio County Real Estate and Livability Trends
Ohio County, Kentucky has seen a notable rise in taxable income from $41,953.42 in 2013 to $50,021.93 in 2021, with a significant jump between 2020 and 2021, hinting at either a flourishing local economy or increased earning potential. Median home values in the county reached $114,900 in 2022, which is notably below state and national medians, potentially marking the area as undervalued with room... Read more
Ohio County Market Trends
Ohio County, Kentucky's real estate market has seen a steady rise in median home values, reaching $114,900 in 2022, though it remains well below both state and national medians. This may indicate the county as an undervalued area with potential for strong appreciation. Moreover, the county has experienced notable increases in residential energy tax credits, from $246.67 in 2015 to $1,150.00 in... Read more
Median Value of Occupied Housing Units in Ohio County, Kentucky Over the Last 8 Years
Ohio County, Kentucky has seen a consistent increase in median home values over the past eight years, culminating in a significant jump to $114,900 in 2022, which still falls well below Kentucky's $177,000 median and the national median of $179,400. This slower growth rate and lower base value could signal Ohio County as a potentially undervalued market for those looking to invest or move to an area that may offer more affordable housing and possibly greater appreciation potential compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Ohio County, KY Over the Last 8 Years
Ohio County, Kentucky has seen notable fluctuations in residential energy tax credits per tax return over the past eight years. After a dip in 2015 to $246.67, the amount rebounded, particularly spiking at $575.00 in 2017 and $816.67 in 2019, culminating in a significant increase to $1,150.00 in 2021. These variations suggest a growing awareness and adoption of energy-efficient measures among residents, which may be appealing for investors, builders, and real estate agents looking into this market. Such trends can also influence property appraisals and insurance policies, reflecting the sustainability efforts and potential energy savings for homeowners in the county.
Average Real Estate Taxes Per Tax Return in Ohio County, KY Over the Last 10 Years
Over the past decade, Ohio County, Kentucky has experienced a rising trend in average real estate taxes per tax return, almost doubling from around $956.46 in 2012 to a peak of approximately $2046.67 in 2020. This uptick may suggest elevated property values or increased tax rates, which could be crucial for potential property investors, homebuyers, and real estate professionals when evaluating the long-term cost implications of owning property in the area. Such trends might also be significant for appraisers and insurance agents when determining property values and insurance premiums, respectively.
Percentage of Farm Returns in Ohio County, KY Over the Last 10 Years
Farm tax returns in Ohio County, Kentucky have generally hovered around 7% to 7.6% over the past decade, with a slight dip to 6.75% in 2020. These tax returns are crucial for understanding the economic health and agricultural productivity of the area, impacting decisions for potential investors or residents. The data indicates stability with minor fluctuations, suggesting a relatively consistent farming environment. This stability could be appealing for those looking to invest in or develop agricultural properties, as it generally indicates a dependable level of output and return on investment.
Number of Mortgages by Occupancy Type in Ohio County, KY Over the Last 5 Years in Ohio County
Ohio County, Kentucky has seen a notable rise in the number of mortgages for principal residences over the past five years, peaking at 944 in 2021 before a slight dip to 744 in 2022. Investment properties, though considerably fewer in number, have generally increased, indicating a growing interest from property investors. Mortgages for second residences have remained consistently low, suggesting this is not a significant market segment in the area. Changes in occupancy type could matter for investors assessing market demand, appraisors evaluating property values, and real estate agents targeting their marketing strategies. For insurance agents, these trends might indicate potential shifts in insurance demand, while those planning to build property could gauge the types of housing in demand. Understanding these dynamics is crucial for anyone involved in the local real estate landscape.
Economic Outlook
Ohio County, Kentucky has exhibited a steady rise in average taxable income per tax return, from roughly $41,953.42 in 2013 to about $50,021.93 in 2021, with a significant jump noted between 2020 and 2021. This growth hints at a potentially flourishing local economy or increased earning potential. Meanwhile, the average state and local income taxes per tax return have almost doubled over the past decade, peaking at $9,862.50 in 2020, signaling possible policy changes or economic shifts. This... Read more
Average Taxable Income per Tax Return in Ohio County, KY over the last 9 years
Ohio County, Kentucky has seen a steady increase in the average taxable income per tax return over the past nine years, growing from approximately $41,953.42 in 2013 to around $50,021.93 in 2021. This steady rise, particularly the notable jump between 2020 and 2021, may suggest a growing local economy or higher earning potential, making it a potentially interesting spot for real estate investments, insurance assessments, and economic development projects. These positive income trends could also attract new residents and impact property appraisals within the region.
Average State and Local Income Taxes Per Tax Return in Ohio County, KY Over the Last 10 Years
Over the past decade, Ohio County, Kentucky has seen a significant increase in average state and local income taxes per tax return, with figures climbing from approximately $5,130.97 in 2012 to a peak of $9,862.50 in 2020. A notable surge occurred post-2017, possibly indicating policy changes or economic shifts. Potential investors or residents might find this trend indicative of underlying economic growth or increased government spending. This upward trend, however, warrants a closer look at potential reasons behind the tax escalation, which could impact financial planning and investment decisions in the area.
Average Total Tax Liability Per Tax Return in Ohio County, KY Over the Last 10 Years
Ohio County, Kentucky has seen fluctuations in average total tax liability per tax return over the past decade, peaking at $5,934.66 in 2021. Despite a notable dip to around $5,234.94 in 2019, the tax returns have generally trended upwards. This trend suggests potential increases in income and property values, making it a relevant factor for investors and new residents considering the area. The relatively high tax liability could be indicative of economic growth, impacting decisions around property investments and relocations.
Cost of Living in Ohio County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $972 | $1,182 | $1,721 | $1,012 | $983 |
| 1 adult 4 children | $972 | $966 | $1,315 | $1,012 | $1,018 |
| 2 adults 3 children | $972 | $966 | $1,493 | $1,012 | $810 |
| 1 adult 3 children | $972 | $789 | $1,088 | $1,012 | $808 |
| 2 adults 2 children | $742 | $791 | $1,266 | $878 | $721 |
| 1 adult 2 children | $742 | $591 | $860 | $878 | $630 |
| 2 adults 1 child | $742 | $625 | $1,038 | $442 | $693 |
| 1 adult 1 child | $742 | $404 | $633 | $442 | $583 |
| 2 adults | $583 | $502 | $811 | $0 | $611 |
| 1 adult | $538 | $274 | $405 | $0 | $524 |
Safety trends & Data
Ohio County, Kentucky has experienced fluctuating property crime trends over the past five years, with larceny-theft peaking at 39 incidents in 2019 before stabilizing. Burglary incidents spiked to 16 in 2021, while motor vehicle theft and vandalism have remained relatively low and stable. Occasional increases in forgery and fraud hint at possible underlying economic or social issues, underscoring the importance of preventive measures. These mixed crime patterns could influence investment... Read more
Property Crime Trends in Ohio County, KY Over the Last 5 Years
Ohio County, Kentucky has seen fluctuating property crime trends over the past five years. Larceny-theft has shown some volatility but peaked notably at 39 incidents in 2019 before steadying in subsequent years. Burglary incidents spiked in 2021 to 16, but other property crimes like motor vehicle theft and vandalism have remained relatively low and stable. The county has also experienced varied occurrences of crimes such as forgery and fraud, with occasional increases hinting at underlying economic or social issues. This mixed pattern of property crimes highlights the importance of local preventive measures and could influence decisions on investments, property development, and insurance rates in the area.
Demographics
Ohio County, Kentucky displays a nearly balanced adult population in 2022 with slight female predominance. Educational attainment trends indicate a significant portion of adults possess only a high school diploma, while fewer have pursued higher education, suggesting potential workforce development opportunities. The age distribution underscores a significant middle-aged demographic, particularly between ages 45 to 64, hinting at future healthcare and retirement needs. Racial diversity remains... Read more
Race Distribution in Ohio County, Kentucky (2022)
Educational Attainment in Ohio County, Kentucky (2022)
Age Distribution in Ohio County, Kentucky
Citizen Population in Ohio County, Kentucky (2022)
Political Trends & Data
Ohio County, Kentucky exhibited a significant conservative leaning in the 2020 U.S. Presidential Election, with Republicans possibly amassing over 77% of the vote. Democrats may have garnered approximately 21.6%, underscoring a notable gap and strong conservative inclination in the area. Other political parties had minimal influence, capturing less than 1% of the total vote... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ohio County in Kentucky leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans seemingly capturing over 77% of the vote. Democrats might have received around 21.6%, a significant gap that indicates a strong conservative preference in the county. Libertarians and other parties accounted for a minimal share, less than 1% combined, reflecting minimal impact compared to the two major parties.
77.13% of voters voted for the Republican party in the 2020 Presidential Election
21.61% of voters voted for the Democrat party in the 2020 Presidential Election
0.89% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ohio County, Kentucky has experienced some shifts in its student-to-teacher ratio, peaking at 16 students per teacher in 2020 but dropping to 13 by 2023. This trend might suggest better education quality, which could positively influence property values and attract more families. Lower ratios may also affect insurance and development strategies, given the potential for community... Read more
Student-to-teacher ratio in Ohio County, Kentucky over the last 10 years
Ohio County, Kentucky has seen some fluctuation in its student-to-teacher ratio over the last decade, with values generally hovering just above or below the national average of 14 students per teacher. Notably, the ratio peaked at 16 students per teacher in 2020, but has since declined to 13 students per teacher by 2023. For investors, appraisers, and real estate agents, this trend might indicate improved education quality which could enhance property values and attract families. Lower student-to-teacher ratios could also impact insurance and development decisions due to the potential for community growth.
