Pendleton County Real Estate and Livability Trends
Pendleton County, Kentucky, is seeing intriguing real estate trends. Median home values have jumped from $104,800 in 2015 to $152,000 in 2022, signaling more affordable investment opportunities. The rise in average real estate taxes from $1,756.46 in 2012 to $2,952.94 in 2021 suggests increasing property values or tax assessments. The housing market appears to be driven by local residents, given... Read more
Pendleton County Market Trends
Pendleton County, Kentucky has seen a significant increase in median home values from $104,800 in 2015 to $152,000 in 2022. Even though this growth pace lags behind state and national averages, it suggests more affordable investment opportunities. Average real estate taxes have risen sharply from $1,756.46 in 2012 to $2,952.94 in 2021, indicating rising property values or tax assessments.... Read more
Median Value of Occupied Housing Units in Pendleton County, Kentucky Over the Last 8 Years
Over the past eight years, Pendleton County, Kentucky has experienced a marked appreciation in median home values, jumping from $104,800 in 2015 to $152,000 in 2022. While this growth is impressive, it's worth noting this increase is slower compared to Kentucky as a whole, which saw its median home values rise from $123,200 to $177,000 in the same period. Nationally, the increase is even more pronounced, with values climbing from $125,500 to $179,400. These comparisons suggest that Pendleton County could potentially offer more affordable investment opportunities relative to both state and national averages, making it an interesting spot for homebuyers and property investors looking for budget-friendly options.
Residential Energy Tax Credit Per Tax Return in Pendleton County, KY Over the Last 8 Years
Pendleton County, Kentucky has shown fluctuating trends in the average residential energy tax credit per tax return over the last eight years, peaking at $1,010.00 in 2015. There was a notable dip in 2013 at $385.71, with values oscillating in subsequent years, reflecting potential changes in energy efficiency initiatives and investment incentives. This variability suggests that incentives for residential energy improvements are occasionally more substantial, which could be appealing for homeowners and investors considering energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Pendleton County, KY Over the Last 10 Years
Over the past decade, Pendleton County, Kentucky has seen a notable increase in average real estate taxes per tax return. From $1,756.46 in 2012, taxes have gradually risen, peaking significantly at $3,055.00 in 2019 before a slight dip to $2,952.94 in 2021. This trend may suggest rising property values or adjustments in tax assessments and is crucial to consider for those looking to invest, build, or move to Pendleton County. Real estate professionals and insurance agents should particularly note this trajectory for its implications on client costs and property valuations.
Percentage of Farm Returns in Pendleton County, KY Over the Last 10 Years
Farm tax returns in Pendleton County, Kentucky have shown a slight decline over the past decade, decreasing from approximately 11.75% in 2012 to around 10.70% in 2021. This trend may indicate a gradual reduction in active farming operations or profitability within the region. Potential investors or those interested in agricultural opportunities should take note of this shift, as it could impact the viability and revenue potential of acquiring or developing farm properties in the area.
Number of Mortgages by Occupancy Type in Pendleton County, KY Over the Last 5 Years in Pendleton County
Pendleton County, Kentucky has shown a significant rise in mortgages for principal residences over the last five years, peaking in 2021 with 908 mortgages before declining to 622 in 2022. Investment property and second residence mortgages remain relatively stable but much lower in number, with investment properties peaking at 20 in 2018 and second residences at 19 in 2021. These changes indicate a dynamic housing market primarily driven by resident homeowners, which might be of interest to real estate agents and investors for assessing property demand trends and potential price stability. Appraisers and insurance agents may find the dominance of principal residences impacts property valuation and risk assessments. For prospective builders, knowing the market's inclination towards primary residences could inform construction planning and marketing strategies.
Economic Outlook
Pendleton County, Kentucky has experienced a notable increase in the average taxable income per tax return from $44,252.76 in 2013 to $59,711.09 in 2021, reflecting a potential economic upswing. State and local income taxes per tax return have also shown significant fluctuations, spiking from $5,427.27 in 2012 to $12,216.67 in 2021, with particularly sharp increases between 2017 and 2018. Additionally, the average total tax liability per tax return rose from $5,210.23 in 2012 to $7,676.62 by... Read more
Average Taxable Income per Tax Return in Pendleton County, KY over the last 9 years
Over the past nine years, Pendleton County, Kentucky has seen a notable increase in the average taxable income per tax return, suggesting a gradual economic improvement. From $44,252.76 in 2013 to $59,711.09 in 2021, this upward trend may indicate a beneficial environment for investors and property developers. Real estate agents and appraisers might find this data valuable as it can impact property valuations and market dynamics. For insurance agents, understanding this trend could be crucial for assessing risk and setting premiums. Overall, these figures could make Pendleton County an attractive option for those considering a move or investment.
Average State and Local Income Taxes Per Tax Return in Pendleton County, KY Over the Last 10 Years
Pendleton County, Kentucky has seen significant fluctuations in average state and local income taxes per tax return over the past decade. From $5,427.27 in 2012, there's been a notable upward trajectory, peaking at $12,216.67 in 2021. Particularly sharp increases were observed between 2017 ($6,928.35) and 2018 ($9,565.00), suggesting potential shifts in economic conditions or tax policies impacting residents significantly during that period. Such trends may be crucial for financial planning, tax considerations, and assessing overall economic health for those eyeing investments or relocations in the area.
Average Total Tax Liability Per Tax Return in Pendleton County, KY Over the Last 10 Years
Over the last decade, Pendleton County, Kentucky has seen a notable increase in the average total tax liability per tax return. In 2012, this figure was approximately $5,210.23, and it has climbed steadily to around $7,676.62 by 2021. This trend could suggest a growing economic burden on residents, possibly due to changes in local economic conditions or tax policies. Investors and potential residents might want to consider this when evaluating the long-term financial implications of moving to or investing in Pendleton County.
Cost of Living in Pendleton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,255 | $1,210 | $2,189 | $1,218 | $1,434 |
| 1 adult 4 children | $1,255 | $989 | $1,676 | $1,218 | $1,496 |
| 2 adults 3 children | $1,255 | $989 | $1,898 | $1,218 | $1,174 |
| 1 adult 3 children | $1,255 | $807 | $1,385 | $1,218 | $1,242 |
| 2 adults 2 children | $937 | $809 | $1,608 | $1,072 | $986 |
| 1 adult 2 children | $937 | $605 | $1,095 | $1,072 | $935 |
| 2 adults 1 child | $937 | $640 | $1,317 | $598 | $923 |
| 1 adult 1 child | $937 | $413 | $804 | $598 | $776 |
| 2 adults | $719 | $514 | $1,026 | $0 | $751 |
| 1 adult | $626 | $280 | $513 | $0 | $583 |
Safety trends & Data
Property crime in Pendleton County, Kentucky has shown varied trends over the past five years. Larceny-Theft incidents peaked in 2019 at 5, while burglary reports surged in 2020 with six cases. Fraud has held steady at about two to three arrests annually, and vandalism saw a notable increase in 2021. Sporadic incidences of motor vehicle thefts and stolen property highlight persistent concerns. These factors may influence property values, insurance premiums, and the overall appeal for potential... Read more
Property Crime Trends in Pendleton County, KY Over the Last 5 Years
Property crime in Pendleton County, Kentucky has shown varied trends over the past five years, with notable fluctuations in specific crime categories. Larceny-Theft incidents spiked in 2019, reaching a peak of 5, while burglary reports surged significantly in 2020 with six incidents recorded. Instances of fraud have remained relatively steady at two or three arrests annually. Vandalism also saw consistent activity, with a notable increase in 2021. Motor vehicle thefts and crimes involving stolen property have appeared sporadically but highlight a persistent issue. These data points could impact property values, insurance premiums, and overall residential and business appeal, influencing decisions for potential investors and current residents alike.
Demographics
Pendleton County, Kentucky, shows a nearly equal distribution of males and females in its adult population. Educational attainment levels indicate a strong presence of high school graduates, while fewer residents hold graduate or professional degrees. Age distribution data suggests a mature population with the majority being over 35 years old. The racial makeup of the county is predominantly White, with minimal representation from other racial groups. This demographic information could imply... Read more
Race Distribution in Pendleton County, Kentucky (2022)
Educational Attainment in Pendleton County, Kentucky (2022)
Age Distribution in Pendleton County, Kentucky
Citizen Population in Pendleton County, Kentucky (2022)
Political Trends & Data
Pendleton County, Kentucky leans heavily Republican, with almost 80% of votes in the 2020 U.S. Presidential Election going to the GOP, and Democrats capturing around 19%. Minimal support went to other parties, suggesting a strong conservative climate. This political leaning could influence local real estate market trends, potentially impacting buyer preferences and property... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pendleton County, Kentucky, appears to lean significantly Republican, with nearly 80% of the vote in the 2020 U.S. Presidential Election going to the GOP. Democrats captured roughly 19%, while other parties, including Libertarians and minor parties, garnered minimal support. This distribution may suggest a strong conservative preference in the region, though underlying factors should be considered.
79.64% of voters voted for the Republican party in the 2020 Presidential Election
19.09% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pendleton County, Kentucky, has historically featured a student-to-teacher ratio higher than the national norm, peaking at 19.68 in 2020, which may signal inefficiencies in resource allocation or teacher availability. Recent reductions to 17.16 in 2022 suggest possible improvements in teacher recruitment or a decline in student numbers. These trends might intrigue investors, realtors, and potential movers as they reflect on educational resource management and its impact on property values and... Read more
Student-to-teacher ratio in Pendleton County, Kentucky over the last 10 years
Over the past decade, Pendleton County, Kentucky, has generally seen a student-to-teacher ratio higher than the national average of 14 students per teacher. Ratios peaked around 19.68 in 2020, reflecting potential inefficiencies in resource allocation or teacher availability. However, recent years show a decline, with a notable drop to 17.16 in 2022, suggesting increasing teacher recruitment or falling student numbers. For investors, realtors, and those considering moving to the area, these figures could indicate evolving educational resource management, influencing property values and community appeal. For appraisers and insurance agents, understanding these trends may offer insights into regional demographic shifts and educational infrastructure investments.
