Owen County Real Estate and Livability Trends
Owen County, Kentucky's real estate market is experiencing intriguing shifts with the average taxable income rising from $42,726.67 in 2013 to $55,502.18 in 2021, potentially pointing to a more affluent client base. Median home values climbed from $98,000 in 2015 to $151,300 in 2022, surpassing state and national averages. A rise in the residential energy tax credit to $820.00 by 2021 may... Read more
Owen County Market Trends
Owen County, Kentucky has seen its median home values jump from $98,000 in 2015 to $151,300 in 2022, outpacing both state and national averages. Interestingly, the local residential energy tax credit surged to $820.00 by 2021, which might signal increased investments in energy-efficient home improvements. Meanwhile, real estate taxes rose to $2,767 in 2019 but slightly dropped to $2,420 in 2021,... Read more
Median Value of Occupied Housing Units in Owen County, Kentucky Over the Last 8 Years
Owen County, Kentucky has experienced significant growth in median home values over the past eight years, culminating in a substantial increase from $98,000 in 2015 to $151,300 in 2022. This is a faster rate of growth compared to Kentucky's state average and the national trend, where Kentucky saw a rise from $123,200 to $177,000 and the U.S. went from $125,500 to $179,400 over the same period. This accelerated increase in Owen County could indicate rising demand or limited housing supply, offering potential opportunities for investment.
Residential Energy Tax Credit Per Tax Return in Owen County, KY Over the Last 7 Years
Owen County, Kentucky, has seen significant fluctuations in the average residential energy tax credit per tax return over the past seven years. Notably, the credit dipped to around $244.44 in 2014 and 2015 but rebounded sharply to $820.00 by 2021. This upward trend may indicate increasing investments in energy-efficient home improvements, potentially attracting eco-conscious individuals and investors. This pattern could hint at evolving local policies or rising homeowner awareness toward sustainable living practices, which is crucial for investors, builders, and policymakers focusing on long-term value and sustainability in the region.
Average Real Estate Taxes Per Tax Return in Owen County, KY Over the Last 10 Years
Over the past decade, Owen County, Kentucky has seen a noticeable upward trend in real estate taxes per tax return, with rates climbing from around $1,472 in 2012 to peaking at $2,767 in 2019 before slightly decreasing to $2,420 in 2021. This steady increase highlights a growing valuation of properties, which may interest investors or potential buyers looking for long-term value appreciation. For appraisers and real estate agents, understanding this trend is vital for setting competitive prices, while builders and insurance agents can use these insights to assess risk and coverage needs accurately.
Percentage of Farm Returns in Owen County, KY Over the Last 10 Years
Farm tax returns in Owen County, Kentucky, have shown a gradual decline over the last decade, dropping from roughly 14.36% in 2012 to about 12.22% in 2021. These returns are critical as they reflect agricultural income and stability in the region. A decrease in farm returns could hint at shifts in the local economy, land use changes, or challenges in the farming sector, which might affect investment and development decisions in the area. For those considering moving, building, or investing in Owen County, understanding these trends can be crucial for making informed choices and recognizing the potential impacts on the local community and economy.
Number of Mortgages by Occupancy Type in Owen County, KY Over the Last 5 Years in Owen County
Analyzing the mortgage trends in Owen County, Kentucky, reveals notable insights for varying occupancy types over the past five years. Principal residences overwhelmingly dominate the mortgage scene, reflecting strong demand for primary living spaces. However, investment properties and second homes form a small but significant portion, suggesting niche market opportunities. The gradual rise in investment property and second residence mortgages might hint at a budding interest in real estate investment and vacation homes. Stakeholders considering Owen County should heed these nuanced shifts, as they could influence investment returns, property values, insurance considerations, and market strategies.
Economic Outlook
Owen County, Kentucky's real estate market may be seeing positive shifts, with the average taxable income per tax return rising from $42,726.67 in 2013 to $55,502.18 in 2021. This upward trend implies a potentially more affluent client base, beneficial for real estate agents and appraisers. Additionally, the noticeable increase in average state and local income taxes per tax return post-2017, peaking at $8,836.36 in 2019, might signal significant economic or policy changes influencing local... Read more
Average Taxable Income per Tax Return in Owen County, KY over the last 9 years
Over the last nine years, the average taxable income per tax return in Owen County, Kentucky has shown a consistent upward trend, increasing from $42,726.67 in 2013 to $55,502.18 in 2021. This growth might suggest an improving local economy and could be a positive indicator for potential investors or those considering moving to the area. For real estate agents, appraisers, and insurance agents, these figures could also imply a potentially more affluent client base and a robust housing market.
Average State and Local Income Taxes Per Tax Return in Owen County, KY Over the Last 10 Years
Over the past decade in Owen County, Kentucky, there's been a notable increase in average state and local income taxes per tax return. While figures remained relatively stable around the $4,900-$5,700 range between 2012 and 2016, significant jumps can be seen post-2017, peaking at $8,836.36 in 2019. This upward trend may reflect economic changes or policy adjustments that could impact residents and investors looking at local tax burdens. These shifts suggest potential shifts in county funding or infrastructure projects, affecting those interested in the area.
Average Total Tax Liability Per Tax Return in Owen County, KY Over the Last 10 Years
Owen County, Kentucky has seen a general increase in the average total tax liability per tax return over the past decade. In 2012, the average was $4,919.53, while by 2021 it had reached $6,816.85. This upward trend suggests rising incomes or tax obligations, with notable spikes around 2017 and 2021. Such data could hint at evolving economic dynamics, potentially making Owen County an interesting consideration for those pondering investment opportunities or relocation.
Cost of Living in Owen County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $961 | $1,210 | $1,752 | $1,056 | $1,019 |
| 1 adult 4 children | $961 | $989 | $1,339 | $1,056 | $1,058 |
| 2 adults 3 children | $961 | $989 | $1,520 | $1,056 | $837 |
| 1 adult 3 children | $961 | $807 | $1,108 | $1,056 | $840 |
| 2 adults 2 children | $742 | $809 | $1,288 | $916 | $748 |
| 1 adult 2 children | $742 | $605 | $876 | $916 | $656 |
| 2 adults 1 child | $742 | $640 | $1,057 | $461 | $712 |
| 1 adult 1 child | $742 | $413 | $644 | $461 | $598 |
| 2 adults | $564 | $514 | $825 | $0 | $615 |
| 1 adult | $538 | $280 | $412 | $0 | $531 |
Safety trends & Data
Owen County, Kentucky, exhibits fluctuating property crime trends over the past five years. Burglary incidents ranged from a low of 1.0 in 2019-2020 to a high of 4.0 in 2018 and 2022. Larceny-theft peaked at 4.0 in 2018 but dropped to 1.0 by 2019. Similarly, motor vehicle theft incidents decreased from 3.0 in 2018 to 1.0 in 2022. Vandalism remained minimal with just 1.0 incident in 2018, while the handling of stolen property surged to 3.0 in 2022. These fluctuations suggest areas of both... Read more
Property Crime Trends in Owen County, KY Over the Last 5 Years
Owen County, Kentucky, has seen varied trends in property crime over the past five years, with burglary incidents fluctuating from a low of 1.0 in 2019-2020 to a high of 4.0 in 2018 and 2022. Larceny-theft incidents were relatively higher in 2018 and 2020, reaching 4.0 and 3.0, respectively, but tapered off to 1.0 in 2019. Motor vehicle theft showed a notable reduction from 3.0 in 2018 to 1.0 in 2022. Vandalism was minimal with only 1.0 incident reported in 2018, and the handling of stolen property spiked to 3.0 in 2022. This data suggests potential areas of concern or stability for investors, realtors, and residents considering property developments or relocations.
Demographics
Owen County, Kentucky, shows a balanced gender split with a nearly equal number of males and females. Educational attainment highlights a significant portion of residents having a high school diploma or some college education, while a smaller percentage have advanced degrees. Age-wise, the population skews older, with a considerable number of residents aged 55 and above. The racial composition is predominantly White, with very small representations from other racial groups, indicating a lack of... Read more
Race Distribution in Owen County, Kentucky (2022)
Educational Attainment in Owen County, Kentucky (2022)
Age Distribution in Owen County, Kentucky
Citizen Population in Owen County, Kentucky (2022)
Political Trends & Data
Owen County, Kentucky, leaned heavily Republican in the 2020 Presidential Election, suggesting a strong conservative base that leaves little room for Democratic or third-party influence. This political landscape might indicate a homogenous voter base with limited diversity in party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Owen County, Kentucky showed a significant leaning towards Republican candidates in the 2020 U.S. Presidential Election, possibly indicative of a strong conservative base. Democrats trailed far behind, with Libertarian and other parties receiving only a marginal share of the vote. This pattern may highlight a political landscape with limited diversity in party support.
78.67% of voters voted for the Republican party in the 2020 Presidential Election
20.12% of voters voted for the Democrat party in the 2020 Presidential Election
0.84% of voters voted for the Livertarian party in the 2020 Presidential Election
0.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Owen County, Kentucky has seen a gradual decrease in the student-to-teacher ratio over the last decade, moving from nearly nineteen students per teacher in 2014 to just over sixteen in 2023. While still above the national average of fourteen, this trend might suggest a commitment to reducing class sizes, which can enhance educational outcomes and potentially attract new residents. Such improvements in the educational sector could have significant implications for property values and community... Read more
Student-to-teacher ratio in Owen County, Kentucky over the last 10 years
The student-to-teacher ratio in Owen County, Kentucky has shown a gradual decrease over the last decade, moving from nearly nineteen students per teacher in 2014 to just over sixteen students per teacher in 2023. Despite this improvement, the ratio still hovers above the national average of fourteen, indicating potentially larger class sizes. Investors, prospective residents, and real estate agents might find this trend encouraging as it suggests a commitment to reducing class sizes, which can enhance educational outcomes. Meanwhile, appraisers and insurance agents might also see this as a marker of community investment in education, potentially impacting property values and risk assessments.
