Oldham County Real Estate and Livability Trends
Oldham County, Kentucky has seen a jump in average taxable income from $86,963.64 in 2013 to $131,664.29 in 2021, which might attract higher-income earners and boost demand for premium housing. Median home values rose from $247,500 in 2015 to $357,500 in 2022, possibly driven by property value appreciation or policy changes. The student-to-teacher ratio has decreased, nearing the national... Read more
Oldham County Market Trends
Oldham County, Kentucky, has seen median home values jump from $247,500 in 2015 to $357,500 in 2022, outpacing both state and national trends. Residential energy tax credits have fluctuated significantly, peaking at $2,714.29 in 2018, which could impact financial planning for energy-efficient upgrades. Real estate taxes have increased steadily, with a notable jump from $3,975.74 in 2017 to... Read more
Median Value of Occupied Housing Units in Oldham County, Kentucky Over the Last 8 Years
Oldham County, Kentucky has experienced a significant rise in median home values over the past eight years, jumping from $247,500 in 2015 to $357,500 in 2022. This growth outpaces both state and national trends, with Kentucky's median home value moving from $123,200 to $177,000 and the national median increasing from $125,500 to $179,400 over the same period. Those looking to invest in or move to Oldham County might find its rapidly appreciating property values an indicator of a strong local real estate market, potentially offering solid returns and a vibrant community to settle in.
Residential Energy Tax Credit Per Tax Return in Oldham County, KY Over the Last 9 Years
Oldham County, Kentucky has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years. For those considering energy-efficient investments, 2013-2017 demonstrated modest incentives ranging between approximately $415.38 and $536.47. An exceptional spike occurred in 2018, with the credit soaring to $2,714.29, followed by a drop to a still higher-than-average level of $719.51 in 2019. The recent trend from 2020 to 2021 shows a substantial increase, peaking at $1,272.34. This variability may impact investment strategies and financial planning for residents and real estate investors focused on energy efficiency improvements.
Average Real Estate Taxes Per Tax Return in Oldham County, KY Over the Last 10 Years
Over the past decade, Oldham County, Kentucky has seen a steady increase in average real estate taxes per tax return, starting from $3,447.14 in 2012 and reaching $5,919.42 in 2021. Notably, there was a significant jump between 2017 and 2018, with taxes rising from $3,975.74 to $5,299.78, which could signal important policy changes or significant property value appreciation in the area. This trend may be of particular interest to potential investors, real estate agents, and appraisers looking to understand property tax dynamics and their implications on real estate valuation in this region.
Percentage of Farm Returns in Oldham County, KY Over the Last 10 Years
Oldham County, Kentucky has seen a slight downward trend in farm tax returns over the past decade, beginning at roughly 1.59% in 2012 and dipping to about 1.22% in 2021. These returns are essentially filed documents reporting farm incomes and expenses for tax purposes. For potential investors and property developers, this decline could signal shifts in agricultural profitability or a move away from farming in the area. Understanding these nuances can be crucial for those considering agricultural ventures or land investments in the county.
Number of Mortgages by Occupancy Type in Oldham County, KY Over the Last 5 Years in Oldham County
Over the past five years, Oldham County, Kentucky, has seen a notable focus on mortgages for principal residences, with 2021 peaking at 6,715, but a sharp decline to 3,798 in 2022. Investment property mortgages remained relatively low but consistent, while second residence mortgages experienced minimal fluctuation. This shift in occupancy types could hint at varying market demands, potentially influencing property values, borrowing costs, and risk assessments for stakeholders like investors, real estate agents, appraisers, and insurance agents. Understanding these dynamics aids in making informed decisions on where to invest or develop within the county.
Economic Outlook
Oldham County, Kentucky has seen a significant uptick in average taxable income, jumping from $86,963.64 in 2013 to $131,664.29 in 2021, suggesting it might be attracting higher-income earners and potentially boosting demand for premium housing. Concurrently, state and local income taxes have been on the rise, particularly spiking post-2018, peaking at $19,405.52 in 2021, which could imply economic growth or climbing tax rates. The total tax liability also mirrored this upward trend, peaking at... Read more
Average Taxable Income per Tax Return in Oldham County, KY over the last 9 years
Over the last nine years, Oldham County, Kentucky has seen a significant upward trend in average taxable income per tax return, starting at $86,963.64 in 2013 and potentially peaking at $131,664.29 in 2021. This gradual but noticeable growth in income suggests that the county could be becoming more attractive for higher-income earners. For investors, real estate agents, and potential new residents, this might hint at a strengthening local economy and possibly a higher demand for premium housing and services. For appraisers and insurance agents, these trends could indicate adjustments in property valuations and insurance premiums reflecting the area’s increased affluence.
Average State and Local Income Taxes Per Tax Return in Oldham County, KY Over the Last 10 Years
Over the last decade, Oldham County, Kentucky has generally seen an upward trend in average state and local income taxes per tax return, with sharper increases noticeable from 2018 onwards. In 2012, the average stood at around $10,000.09, growing modestly until 2017 when it reached $12,023.10. However, significant spikes were seen in subsequent years, peaking at $19,405.52 in 2021. This trajectory could suggest burgeoning economic development or rising local tax rates, making it a crucial consideration for potential investors and residents evaluating the tax landscape in the area.
Average Total Tax Liability Per Tax Return in Oldham County, KY Over the Last 10 Years
Over the last decade, Oldham County, Kentucky has shown a generally rising trend in average total tax liability per tax return. Starting from around $17,040.66 in 2012, the average gradually increased, reaching a notable peak at $26,424.56 in 2021. This upward trajectory suggests that either the income levels have increased, or there have been changes in taxation policy affecting local residents. For potential investors and residents, these trends could indicate economic growth and rising affluence in the area, impacting decisions on property investments and business opportunities.
Cost of Living in Oldham County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,532 | $1,432 | $1,751 | $1,218 | $1,514 |
| 1 adult 4 children | $1,532 | $1,169 | $1,338 | $1,218 | $1,604 |
| 2 adults 3 children | $1,532 | $1,170 | $1,520 | $1,218 | $1,254 |
| 1 adult 3 children | $1,532 | $955 | $1,107 | $1,218 | $1,357 |
| 2 adults 2 children | $1,155 | $957 | $1,289 | $1,072 | $1,031 |
| 1 adult 2 children | $1,155 | $715 | $876 | $1,072 | $1,018 |
| 2 adults 1 child | $1,155 | $757 | $1,058 | $598 | $974 |
| 1 adult 1 child | $1,155 | $489 | $645 | $598 | $842 |
| 2 adults | $962 | $608 | $827 | $0 | $821 |
| 1 adult | $852 | $332 | $414 | $0 | $664 |
Safety trends & Data
Property crime trends in Oldham County, Kentucky show larceny-theft consistently high at around 22 to 24 cases annually, while burglary incidents have increased significantly, peaking at 18 cases in 2022. Motor vehicle thefts exhibit variability, reaching a high of 8 in 2020. Fraud and embezzlement cases remain minimal. These trends serve as an important consideration for investors, residents, and real estate pros when assessing the area’s potential risks and rewards in the long... Read more
Property Crime Trends in Oldham County, KY Over the Last 5 Years
Crime data spanning five years in Oldham County, Kentucky shows fluctuating trends in property-related crimes. Larceny-theft appears consistently high, hovering around 22 to 24 cases annually. There’s also a notable increase in burglary incidents, spiking to 18 instances by 2022 from a lower count in earlier years. Motor vehicle thefts remain relatively low yet somewhat variable, reaching a high of 8 in 2020. Instances of fraud and embezzlement have generally stayed minimal. These trends provide critical insights for investors, residents, and real estate professionals who should weigh the impact of property crime fluctuations over time in their decision-making processes.
Demographics
Oldham County, Kentucky's demographic landscape in 2022 reveals some notable trends. The adult population shows a male majority at 26,500, slightly surpassing the 23,553 females. Educational attainment is varied, with a significant share of residents holding a bachelor’s or a graduate degree, emphasizing a well-educated community. The age distribution skews towards middle age, with large groups in the 35 to 44 and 45 to 54 ranges. Racially, the county is predominantly White, accounting for... Read more
Race Distribution in Oldham County, Kentucky (2022)
Educational Attainment in Oldham County, Kentucky (2022)
Age Distribution in Oldham County, Kentucky
Citizen Population in Oldham County, Kentucky (2022)
Political Trends & Data
Oldham County, Kentucky, exhibits a marked Republican inclination in its voting patterns, with around 60% of votes going to the GOP. Democrats have a notable but significantly smaller presence, capturing about 38% of ballots. Third-party candidates, such as Libertarians, seem to have minimal sway, each gaining less than 2% of the vote. This data suggests the region may lean conservative, which could have implications for local policy and community planning, potentially affecting the types of... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Oldham County, Kentucky saw a clear preference for the Republican party, which garnered roughly 60% of the vote. The Democratic party was somewhat less popular, earning close to 38%. Minor parties like the Libertarians appeared to have minimal impact, each securing less than 2% of the total vote. This distribution indicates a strong Republican leaning in a region where third-party influence remains marginal.
59.71% of voters voted for the Republican party in the 2020 Presidential Election
38.23% of voters voted for the Democrat party in the 2020 Presidential Election
1.58% of voters voted for the Livertarian party in the 2020 Presidential Election
0.47% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Oldham County, Kentucky has decreased from 18 students per teacher in 2014 to around 15 in 2023, nearing the national average of 14. This trend may indicate improved educational quality, potentially enhancing the county's attractiveness for families. Real estate agents can leverage this information to market the area's growing educational appeal, while appraisers and insurance agents might see this as a factor influencing property values and community... Read more
Student-to-teacher ratio in Oldham County, Kentucky over the last 10 years
The student-to-teacher ratio in Oldham County, Kentucky has gradually decreased from 18 students per teacher in 2014 to roughly 15 in 2023. Notably, this aligns closely with or even dips below the national average of 14 students per teacher in recent years. For those considering investment, relocation, or development in the area, this trend could signal a positive shift towards improved educational quality, potentially making the county more attractive to families. Real estate agents might find this data useful in highlighting the growing appeal of the local education system, while appraisers and insurance agents should consider how this shift might affect property values and community development.
