Owsley County Real Estate and Livability Trends
Owsley County, Kentucky, offers a low-crime environment with minimal property crime over the past three years, which might intrigue those seeking safer residential options. The political landscape is decisively Republican, capturing roughly 88% of votes in the 2020 Presidential Election, a factor that could impact local policies and, consequently, real estate market trends. This context may... Read more
Owsley County Market Trends
Owsley County, Kentucky's median home values have generally trended below those at both state and national levels, fluctuating between $66,200 and $78,500 over eight years. This suggests a potential hotspot for buyers seeking affordable investments. Interestingly, real estate taxes have risen from $1,100.00 in 2012 to $1,450.00 in 2017, hinting at increasing property values or infrastructure... Read more
Median Value of Occupied Housing Units in Owsley County, Kentucky Over the Last 8 Years
Owsley County, Kentucky has generally seen lower median home values compared to both state and national levels. Over the past eight years, the county’s median home value fluctuated between $66,200 and $78,500, whereas Kentucky's home values ranged from $123,200 to $177,000, and the national values ranged from $125,500 to $179,400. Despite these fluctuations, Owsley County remains a potentially attractive area for buyers seeking lower-cost investments relative to broader markets in Kentucky and across the United States.
Average Real Estate Taxes Per Tax Return in Owsley County, KY Over the Last 6 Years
Over the past six years, average real estate taxes per tax return in Owsley County, Kentucky, show a steady upward trend, rising from $1,100.00 in 2012 to $1,450.00 in 2017. The noticeable climb, particularly between 2014 and 2015 where taxes increased by roughly 12%, suggests a growing investment in property infrastructure or escalating property values. This trend might be important for potential investors or those considering real estate ventures, as it reflects a possible increase in property valuations and associated costs. Understanding these tax trends is also crucial for appraisers and insurance agents to accurately assess property costs and risks.
Percentage of Farm Returns in Owsley County, KY Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Owsley County, Kentucky has shown slight fluctuations, generally hovering around 10%. In 2014, there was a marginal peak at approximately 12.40%, while 2019 saw a dip to around 8.40%. Farm tax returns indicate the number of tax filings from agricultural activities and can be a useful metric for assessing the local agricultural economy’s health and potential for growth. This information could be particularly relevant for investors, real estate developers, and those considering relocating to the area, as it provides insights into the viability of farming as a source of revenue and its impact on the local economy.
Number of Mortgages by Occupancy Type in Owsley County, KY Over the Last 5 Years in Owsley County
Owsley County, Kentucky, has seen a notably steady demand for principal residences, with mortgage counts holding relatively strong between 43 and 56 over the past five years. Investment properties, however, show minimal activity, rarely exceeding 3 mortgages annually. Second residences also remain low but stable. These trends suggest that the housing market is principally driven by primary homebuyers, with limited attraction for investors or purchasers of secondary homes. This could indicate a stable community-focused market, which is beneficial for new residents and long-term stability but may not offer quick returns for real estate investors. Such dynamics are crucial for appraisers and insurance agents when considering property valuations and risk assessments.
Economic Outlook
Owsley County, Kentucky has been experiencing a gradual rise in average taxable income, reaching $39,612.69 in 2021 after a dip in 2015. The fluctuations in state and local income taxes, peaking at $4,618.18 in 2016, indicate possible economic shifts or policy changes. Additionally, the upward trend in average total tax liability, peaking at $4,309.28 in 2021, suggests potential financial stability and growth. These insights could signal increasing economic opportunities and make the county an... Read more
Average Taxable Income per Tax Return in Owsley County, KY over the last 9 years
Owsley County, Kentucky has seen a gradual rise in average taxable income over the past nine years, peaking at $39,612.69 in 2021. After experiencing a dip in 2015 to $30,530.77, the county's income levels have shown a general trend of recovery and growth since 2016. This steady upward movement may be indicative of increasing economic stability or growth opportunities in the region, making it potentially attractive for investors, new residents, and real estate ventures.
Average State and Local Income Taxes Per Tax Return in Owsley County, KY Over the Last 6 Years
Owsley County, Kentucky has seen fluctuations in its average state and local income taxes per tax return over the last six years. In 2016, taxes peaked at $4,618.18 but dropped to $4,390.91 in 2017. The low point was in 2015, with an average of $3,663.64. These changes could suggest varying economic conditions or policy adjustments impacting tax liability. Investors and property developers might view the relatively higher taxes in recent years as a sign of growing regional economic activities or changing fiscal policies.
Average Total Tax Liability Per Tax Return in Owsley County, KY Over the Last 10 Years
Owsley County, Kentucky, has seen a fluctuating yet overall increasing trend in the average total tax liability per tax return over the past decade. Starting at $3,486.05 in 2012, peaking at $4,309.28 by 2021, these changes may suggest shifts in the local economy or population income levels. This rising tax liability may reflect broader financial stability or growth, making it an insightful metric for prospective investors or those considering relocating.
Cost of Living in Owsley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $995 | $1,235 | $1,722 | $1,113 | $1,035 |
| 1 adult 4 children | $995 | $1,008 | $1,317 | $1,113 | $1,077 |
| 2 adults 3 children | $995 | $1,009 | $1,495 | $1,113 | $849 |
| 1 adult 3 children | $995 | $823 | $1,089 | $1,113 | $854 |
| 2 adults 2 children | $742 | $826 | $1,267 | $967 | $743 |
| 1 adult 2 children | $742 | $617 | $861 | $967 | $647 |
| 2 adults 1 child | $742 | $653 | $1,039 | $493 | $700 |
| 1 adult 1 child | $742 | $421 | $633 | $493 | $582 |
| 2 adults | $577 | $524 | $811 | $0 | $597 |
| 1 adult | $538 | $286 | $406 | $0 | $504 |
Safety trends & Data
Owsley County, Kentucky has shown minimal property crime over the past three years, with motor vehicle theft occurring once in 2019 and burglaries holding steady at one instance each in 2020 and 2021. There was a slight uptick in stolen property offenses, peaking at four cases in 2020, suggesting occasional spikes. This pattern might interest potential investors or residents looking for a low-crime area, though these specific increases could warrant brief... Read more
Property Crime Trends in Owsley County, KY Over the Last 3 Years
Owsley County, Kentucky has seen minimal property crime over the past three years, showing only sporadic incidents. Notably, motor vehicle theft occurred just once in 2019. In 2020, burglaries were equivalent to those in 2021 with one instance each year, while there was a slight uptick in stolen property-related offenses, peaking at four cases in 2020. This indicates that property crime is not a major concern but occasional spikes in specific crimes could merit attention for potential investors or residents.
Demographics
Owsley County, Kentucky exhibits an interesting demographic landscape. The adult population skews slightly female. Educational attainment varies widely, with a significant portion only completing high school, and a relatively small percentage holding a bachelor's degree or higher. Age distribution reveals a balanced mix between the younger and older populations, with noticeable concentrations around the 45 to 64 age groups. Racially, the county is predominantly White, with very minimal... Read more
Race Distribution in Owsley County, Kentucky (2022)
Educational Attainment in Owsley County, Kentucky (2022)
Age Distribution in Owsley County, Kentucky
Citizen Population in Owsley County, Kentucky (2022)
Political Trends & Data
Located in Owsley County, Kentucky, the political landscape seems decisively dominated by the Republican Party, which could have captured approximately 88% of the vote in the 2020 Presidential Election. Democrats might have only managed around 11%, while third-party candidates, including Libertarians, barely made a dent, potentially securing just above 0.3% collectively. This significant leaning can provide unique insights into local preferences and the socio-political climate, potentially... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Owsley County in Kentucky likely leans heavily Republican, with Republicans potentially securing around 88% of the vote in the 2020 Presidential Election. Democrats seem to trail significantly, garnering roughly 11%. Third parties, such as Libertarians and any miscellaneous candidates, barely registered in voter impact, with Libertarians possibly receiving just over 0.3% and others less than 0.2%.
88.13% of voters voted for the Republican party in the 2020 Presidential Election
11.40% of voters voted for the Democrat party in the 2020 Presidential Election
0.32% of voters voted for the Livertarian party in the 2020 Presidential Election
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
Owsley County, Kentucky's student-to-teacher ratio has notably fluctuated over the past decade, peaking at nearly 16 in 2016 before dropping below the national average of 14 students per teacher. Recently, it has stabilized around 13 students per teacher, which might indicate smaller class sizes compared to much of the United States. This trend could be appealing to families eyeing relocation for better educational environments, educational investors, and appraisers seeking to predict future... Read more
Student-to-teacher ratio in Owsley County, Kentucky over the last 10 years
Owsley County, Kentucky's student-to-teacher ratio reveals notable fluctuation over the last decade, peaking at nearly 16 in 2016 before dipping below the national average of 14 students per teacher. Recent years have shown a stabilization around 13 students per teacher, suggesting potentially smaller class sizes compared to the rest of the United States. This could offer an enticing advantage to families considering relocation, educational investors, and even appraisers looking to forecast future property values influenced by desirable education metrics.
