Perry County Real Estate and Livability Trends
Real estate trends in Perry County, Kentucky suggest potential increases in property values, influenced by higher average taxable incomes and local economic shifts. The median home value was $92,800 in 2022, significantly below state and national medians. Rising residential energy tax credits in 2021 and nearly doubled real estate taxes over the past decade point to increased investments in... Read more
Perry County Market Trends
Perry County, Kentucky's real estate market displays intriguing affordability, with median home values spiking to $92,800 in 2022, yet trailing the state's $177,000 and national $179,400 medians. Residential energy tax credits surged to $614.29 in 2021, possibly reflecting enhanced homeowner investments in energy efficiency. Average real estate taxes nearly doubled over the decade, peaking at... Read more
Median Value of Occupied Housing Units in Perry County, Kentucky Over the Last 8 Years
For those interested in Perry County, Kentucky, home values have shown significant variability over the past eight years, with a marked increase in 2022 where the median value spiked to $92,800. This figure, however, still lags behind the state's median of $177,000 and the national median of $179,400 for the same year. Such a disparity might present an intriguing opportunity for investors or homebuyers seeking affordable property options within Kentucky, especially when compared to the broader market landscape.
Residential Energy Tax Credit Per Tax Return in Perry County, KY Over the Last 8 Years
Over the past eight years, Perry County, Kentucky has seen fluctuating but generally increasing average residential energy tax credits per tax return. Starting from $328.57 in 2013, the values rose with slight annual variations, peaking at $614.29 in 2021. The notable jumps, especially from $383.33 in 2020 to over $600 in 2021, could indicate either higher energy investments by homeowners or changes in policy incentives. This trend is useful for real estate agents, investors, and insurance agents as it suggests growing homeowner interest in energy-efficient upgrades, potentially translating to higher property values and different insurance considerations.
Average Real Estate Taxes Per Tax Return in Perry County, KY Over the Last 10 Years
Over the last decade in Perry County, Kentucky, average real estate taxes per tax return have nearly doubled, from around $1,700 in 2012 to over $3,000 by 2021, peaking notably at around $3,858.82 in 2019. This rising trend, interspersed with occasional dips, suggests a potentially increasing property valuation or changes in tax rates, making this county an important consideration for prospective investors and real estate agents analyzing market dynamics. This data may also influence insurance agents assessing risk and appraisers determining property values.
Percentage of Farm Returns in Perry County, KY Over the Last 10 Years
Farm tax returns in Perry County, Kentucky, suggest a generally volatile nature over the last decade. The percentages saw mild fluctuations, moving from roughly 0.46% in 2012 up to about 0.51% in 2017, before hovering around 0.50% in the recent years. This volatility might affect potential investors considering the agricultural viability, land value, or rural investment opportunities in the area. For those looking to build property, understand the trend can be useful in assessing the long-term stability and growth potential for farming and related activities in Perry County.
Number of Mortgages by Occupancy Type in Perry County, KY Over the Last 5 Years in Perry County
Perry County, Kentucky has seen a relatively steady demand for primary residences over the last five years, with mortgage counts remaining consistently high. Investment properties have shown a gradual increase, indicating a potentially growing interest in rental markets. Notably, second residences have remained low, suggesting minimal interest or affordability challenges in this category. These trends might matter for investors evaluating real estate opportunities, as the stability in primary residence mortgages suggests a strong local demand for owner-occupied housing. Appraisers and insurance agents might note the fluctuations in investment property interest, pointing to evolving market dynamics. Additionally, real estate agents might focus on primary residences when advising potential buyers due to the consistent demand in this segment.
Economic Outlook
In Perry County, Kentucky, the average taxable income per tax return has steadily increased from $43,157.58 in 2013 to $51,818.12 in 2021. This trend hints at better economic conditions and possibly higher earning potential locally, which could mean more affluent residents and potentially higher property values. The state and local income taxes per tax return have also seen significant increases, especially between 2017 and 2018, rising to $15,204.55 and settling around $15,247.06 by 2021,... Read more
Average Taxable Income per Tax Return in Perry County, KY over the last 9 years
In Perry County, Kentucky, there has been a noticeable upward trend in the average taxable income per tax return over the past nine years. From 2013 to 2021, average incomes increased from approximately $43,157.58 to $51,818.12. This gradual rise, especially the sharp increase seen in 2021, may indicate improving economic conditions or higher earning potential in the county. For potential investors, appraisers, insurance agents, and real estate professionals, this trend could suggest a potentially more affluent local populace and possibly higher property values and premiums.
Average State and Local Income Taxes Per Tax Return in Perry County, KY Over the Last 10 Years
Perry County, Kentucky has seen considerable fluctuations in state and local income taxes per tax return over the last decade. The average tax burden showed a steady increase, with notable jumps in 2017 and 2018 where it surged to $9,363.56 and $15,204.55 respectively. By 2021, despite slight variances, this figure settled at $15,247.06. Investors and potential residents might find this trend indicative of economic and policy shifts, impacting financial planning and fiscal outlook in the region.
Average Total Tax Liability Per Tax Return in Perry County, KY Over the Last 10 Years
Over the past decade, Perry County, Kentucky has seen significant fluctuations in the average total tax liability per tax return. The tax liability ranged from a low of approximately $6,433.74 in 2016 to a high of around $7,614.43 in 2021, suggesting economic variability that might reflect changes in income levels, employment rates, or state tax policies. Notably, years like 2017 and 2021 show peaks that might correlate with broader economic factors affecting disposable income and tax obligations, conveying a potentially volatile but opportunistic landscape for investors and residents alike.
Cost of Living in Perry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $944 | $1,315 | $1,722 | $1,022 | $998 |
| 1 adult 4 children | $944 | $1,074 | $1,317 | $1,022 | $1,024 |
| 2 adults 3 children | $944 | $1,074 | $1,495 | $1,022 | $815 |
| 1 adult 3 children | $944 | $877 | $1,089 | $1,022 | $802 |
| 2 adults 2 children | $776 | $879 | $1,267 | $884 | $739 |
| 1 adult 2 children | $776 | $657 | $861 | $884 | $637 |
| 2 adults 1 child | $776 | $695 | $1,039 | $436 | $699 |
| 1 adult 1 child | $776 | $449 | $633 | $436 | $577 |
| 2 adults | $590 | $558 | $811 | $0 | $603 |
| 1 adult | $563 | $305 | $406 | $0 | $511 |
Safety trends & Data
Property crime trends in Perry County, Kentucky, have shown a notable decrease over the last five years, especially in burglary and larceny-theft incidents. In 2018, there were 48 burglaries and 78 larceny-thefts, which dropped to 15 and 16 by 2022, respectively. This decline might signal improvements in property crime management, potentially attracting investors and new residents seeking a safer environment. Real estate professionals could use these insights to highlight improved community... Read more
Property Crime Trends in Perry County, KY Over the Last 5 Years
Property crime trends in Perry County, Kentucky, show a notable decrease in overall incidents over the last five years, with a sharp decline in burglary and larceny-theft arrests. In 2018, there were 48 burglaries and 78 incidents of larceny-theft, which dropped to 15 and 16, respectively, by 2022. Motor vehicle thefts fluctuated without a clear upward or downward trend, while cases of embezzlement and fraudulent activities remained relatively low and stable. Despite some fluctuations, these trends may suggest improvements in property crime management, attracting potential investors and new residents seeking a safer environment. Real estate professionals could leverage these insights to highlight enhanced community safety to prospective buyers and renters.
Demographics
Perry County, Kentucky shows a nearly balanced gender distribution among its adult population. Educational attainment reveals a concentration at the high school graduate level, with smaller segments achieving Bachelor's or higher degrees. The age distribution seems skewed towards middle-aged adults, with significant numbers in the 35 to 54 years range. In terms of race, the county is predominantly White, with minimal representation from other racial groups. This demographic setup could... Read more
Race Distribution in Perry County, Kentucky (2022)
Educational Attainment in Perry County, Kentucky (2022)
Age Distribution in Perry County, Kentucky
Citizen Population in Perry County, Kentucky (2022)
Political Trends & Data
Perry County, Kentucky showcased a notable preference for the Republican Party in the recent presidential election, with Democratic support falling below 25%. Libertarian and other parties made little impact. This may indicate a largely conservative voter base, though local issues likely play a role in shaping these political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Perry County in Kentucky saw a strong lean towards the Republican Party, which possibly reflects broader regional or state trends. The Democratic Party secured less than a quarter of the votes. Libertarian support was minimal, with other parties barely making a dent. This distribution could suggest a predominantly conservative voter base, but it's worth considering specific local issues that may influence these numbers.
76.54% of voters voted for the Republican party in the 2020 Presidential Election
22.16% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% 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
Perry County, Kentucky's student-to-teacher ratio has decreased from a peak of 15 students per teacher in 2014-2018 to around 13 by 2022 and 2023, dipping below the national average of 14 students per teacher. This trend may suggest improved individualized attention and teaching efficacy, which could appeal to families considering relocation. For investors and appraisers, this could indicate stronger educational infrastructure, while real estate agents might leverage it to attract potential... Read more
Student-to-teacher ratio in Perry County, Kentucky over the last 10 years
Perry County, Kentucky has shown a general decline in student-to-teacher ratios over the past decade. From a peak of 15 students per teacher around 2014-2018, the ratio has decreased to approximately 13 by 2022 and 2023, falling below the national average of 14 students per teacher. This downward trend could indicate smaller class sizes, potentially enhancing individualized attention and teaching efficacy, which might appeal to families considering relocation. Investors and appraisers may see this as a sign of improving educational infrastructure, while real estate agents could use it to attract potential buyers. Moreover, insurance agents might consider lower ratios a positive factor when assessing community risks and benefits.
