Pike County Real Estate and Livability Trends
In Pike County, Kentucky, real estate investors and residents might find the increasing median home values—from $70,400.00 in 2015 to $96,900.00 in 2022—encouraging, albeit still below state and national medians. The significant rise in local residential energy tax credits, as well as doubled real estate taxes, underscores a shift toward energy efficiency and higher property values. Moreover,... Read more
Pike County Market Trends
Pike County, Kentucky has experienced a steady rise in median home values, climbing from $70,400.00 in 2015 to $96,900.00 in 2022, though still lagging behind the state and national medians. Meanwhile, rising residential energy tax credits signal a growing local emphasis on energy efficiency, with credits increasing from around $379.55 in 2013 to $588.24 in 2021. Real estate taxes have also... Read more
Median Value of Occupied Housing Units in Pike County, Kentucky Over the Last 8 Years
Pike County, Kentucky has seen a steady rise in median home values over the last eight years, climbing from $70,400 in 2015 to $96,900 in 2022. While this growth is impressive, it's worth noting that home values in Pike County still trail behind both Kentucky's state median, which reached $177,000 in 2022, and the national median, which hit $179,400 in the same year. For those looking to invest or move to Pike County, such trends may signal opportunities for affordable housing and potential appreciation, especially when compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Pike County, KY Over the Last 8 Years
Over the last eight years, Pike County, Kentucky has seen a fluctuating yet upward trend in the average residential energy tax credit per tax return, increasing from approximately $379.55 in 2013 to roughly $588.24 in 2021. This suggests a growing investment in energy-efficient home improvements, potentially indicating increased local awareness and adoption of sustainable practices. For those considering real estate investments or new builds, this trend could imply a market more attuned to energy-efficient properties. Appraisers and insurance agents might also find this data useful for assessing property values and insurance risks respectively.
Average Real Estate Taxes Per Tax Return in Pike County, KY Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Pike County, Kentucky have shown a consistent upward trend, almost doubling from $1808.00 in 2012 to $4209.76 in 2021. This significant increase could suggest rising property values or adjustments in tax rates, which may impact investment decisions, property valuations, and long-term planning for those considering buying, selling, or developing real estate in the area. The dramatic hike between 2017 and 2018, from $2639.11 to $4161.40, is especially noteworthy and could warrant further investigation by appraisers and insurance agents.
Percentage of Farm Returns in Pike County, KY Over the Last 10 Years
Farm tax returns in Pike County, Kentucky have shown slight fluctuations over the past decade, generally hovering just above or below last year's values. The highest percentage recorded was approximately 0.56% in 2013, and the lowest was around 0.44% in 2015. While these numbers seem minor, they do reflect the relative health and stability of the farming sector, an essential aspect for potential investors or residents considering rural or agricultural investments. For those building properties or moving into the area, understanding farm returns might provide insights into the local economy and land use.
Number of Mortgages by Occupancy Type in Pike County, KY Over the Last 5 Years in Pike County
Principal residences dominate the mortgage market in Pike County, Kentucky, consistently outnumbering investment properties and second residences over the past five years. A slight fluctuation in investment property mortgages, generally ranging from 39 to 59 per year, hints at a relatively stable yet modest interest in property investments. Those eyeing Pike County for real estate investment or appraisals might note this stability as a positive indicator of a balanced market. Meanwhile, insurance agents and builders could interpret the stable demand in housing as reflective of steady community growth and risk. For residents and potential movers, high principal residence numbers could suggest a robust, owner-occupied community, potentially influencing decisions around neighborhood engagement and long-term residency.
Economic Outlook
Pike County, Kentucky, has experienced a general upward trend in average taxable income per tax return over the past nine years, climbing from $47,133.83 in 2013 to $54,301.15 in 2021. Notable peaks include $49,655.21 in 2017 and $51,077.77 in 2018, indicating a potentially improving economic climate. Simultaneously, there's been a significant increase in state and local income taxes per tax return, more than doubling from $7,689.06 in 2012 to stabilizing around $13,000 to $14,000 in recent... Read more
Average Taxable Income per Tax Return in Pike County, KY over the last 9 years
Over the past nine years, Pike County, Kentucky has seen an overall upward trend in average taxable income per tax return, starting from $47,133.83 in 2013 and reaching $54,301.15 in 2021. Notable fluctuations include a significant jump in 2017 to $49,655.21 and a peak in 2018 at $51,077.77. The data reflects a general increase, which could be promising news for potential investors, real estate agents, and those looking to move to the area, suggesting a potentially improving economic climate. These shifts might also impact appraisers and insurance agents when evaluating property values and risks.
Average State and Local Income Taxes Per Tax Return in Pike County, KY Over the Last 10 Years
Over the last decade, Pike County, Kentucky has seen a notable increase in average state and local income taxes per tax return. From 2012's $7,689.06, the amount has more than doubled, peaking at $15,147.46 in 2018 before stabilizing in the $13,000 to $14,000 range in subsequent years. This trend might suggest rising incomes or changing tax policies, creating an evolving landscape that could impact investment and living decisions in the area.
Average Total Tax Liability Per Tax Return in Pike County, KY Over the Last 10 Years
Over the last decade, Pike County, Kentucky has seen fluctuations in its average total tax liability per tax return, with figures ranging from approximately $7,477.99 to $8,497.64. Notably, there's been a general upward trend in recent years, peaking in 2017 and showing a slight rise again in 2021. This could potentially be of interest to investors and property developers as it provides a glimpse into the economic landscape and tax burden within the county. Understanding these changes can aid in making informed decisions regarding financial commitments and residential stability in the area.
Cost of Living in Pike County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $940 | $1,323 | $1,722 | $1,022 | $1,008 |
| 1 adult 4 children | $940 | $1,080 | $1,317 | $1,022 | $1,035 |
| 2 adults 3 children | $940 | $1,081 | $1,495 | $1,022 | $822 |
| 1 adult 3 children | $940 | $882 | $1,089 | $1,022 | $811 |
| 2 adults 2 children | $772 | $885 | $1,267 | $884 | $746 |
| 1 adult 2 children | $772 | $661 | $861 | $884 | $643 |
| 2 adults 1 child | $772 | $699 | $1,039 | $436 | $705 |
| 1 adult 1 child | $772 | $452 | $633 | $436 | $582 |
| 2 adults | $684 | $562 | $811 | $0 | $641 |
| 1 adult | $560 | $306 | $406 | $0 | $514 |
Safety trends & Data
Pike County, Kentucky, has seen a notable decline in property crime over the past five years, with burglary incidents dropping from 79 in 2019 to 45 in 2022 and larceny-theft rates plummeting from 155 to 52 in the same period. Motor vehicle thefts also reduced significantly, from 16 in 2020 to just 3 in 2022. Vandalism and fraud rates appear stable. These crime trends could be relevant for real estate investors, potential residents, and insurance agents, offering a potentially safer environment... Read more
Property Crime Trends in Pike County, KY Over the Last 5 Years
Over the last five years in Pike County, Kentucky, property crime trends show a notable decline. Burglary rates peaked in 2019 with 79 incidents but have since fallen to 45 by 2022. Similarly, larceny-theft incidents dropped sharply from 155 in 2019 to 52 in 2022. Motor vehicle theft, although less frequent, saw a significant decline from 16 in 2020 to just 3 in 2022. Instances of vandalism and fraud appear to remain relatively low and stable. These trends could be of interest to real estate investors, potential residents, and insurance agents assessing risks and opportunities in the area.
Demographics
Pike County, Kentucky shows a nearly equal division between male and female adults with a slightly higher count for females. The educational backdrop highlights a substantial proportion of high school graduates, with a smaller, yet notable segment attaining bachelor’s and graduate degrees. An aging population trend is present, with over 30% of residents being above 55 years, which could impact future service needs and community planning. The racial composition is predominantly White, with... Read more
Race Distribution in Pike County, Kentucky (2022)
Educational Attainment in Pike County, Kentucky (2022)
Age Distribution in Pike County, Kentucky
Citizen Population in Pike County, Kentucky (2022)
Political Trends & Data
Pike County, Kentucky, leaned heavily Republican in the 2020 U.S. Presidential Election, with about 80% of the vote going to the GOP. Democrats appeared to pull in just around 19%, while other parties, including Libertarians, barely registered. This conservative dominance likely mirrors the county's demographic and political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pike County, Kentucky, may have shown an overwhelming preference for the Republican party in the 2020 U.S. Presidential Election, capturing roughly 80% of the vote. Democrats lagged significantly, potentially securing just about 19%, while other parties like the Libertarians and 'Others' barely made a dent. This trend might reflect the political leanings and demographic makeup of the county, hinting at a strong conservative base with minimal support for alternative parties.
79.94% of voters voted for the Republican party in the 2020 Presidential Election
19.17% of voters voted for the Democrat party in the 2020 Presidential Election
0.61% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Pike County, Kentucky, has seen its student-to-teacher ratio hover around 15 students per teacher, slightly above the national average. A notable dip to 14 students per teacher in 2021 suggested smaller class sizes or increased hiring. These fluctuations might indirectly influence property values and give insights into local education quality, which could be crucial for potential investors and movers. Real estate and insurance professionals might also see this trend as a... Read more
Student-to-teacher ratio in Pike County, Kentucky over the last 10 years
Over the last decade, Pike County, Kentucky, has seen fluctuations in its student-to-teacher ratio, with values hovering around 15 students per teacher, slightly above the national average of 14. A notable dip occurred in 2021, dropping to 14 students per teacher, aligning with the national average, potentially indicating smaller class sizes or increased hiring that year. For those looking to invest in or move to this area, understanding these trends could be essential, as they might influence the perceived quality of education and, consequently, property values. Real estate agents, appraisers, and insurance agents might also find this trend indicative of the local administration's focus on education, impacting both housing market dynamics and insurance assessments.
