Powell County Real Estate and Livability Trends
Powell County, Kentucky has seen a robust climb in median home values from $76,600 in 2015 to $123,400 in 2022, outpacing the state's average. This growth, alongside rising residential energy tax credits, underscores local emphasis on energy efficiency, boosting appeal for green-building projects. Rising property values, evidenced by the jump in real estate taxes from $1,010.14 in 2012 to... Read more
Powell County Market Trends
Powell County, Kentucky, has experienced a sharp climb in median home values, growing from $76,600 in 2015 to $123,400 in 2022, a rate notably higher than the Kentucky average. Concurrently, the increasing average residential energy tax credits hint at a local emphasis on energy efficiency, potentially making this area attractive for green-building projects. Real estate taxes have surged, jumping... Read more
Median Value of Occupied Housing Units in Powell County, Kentucky Over the Last 8 Years
Powell County, Kentucky has seen a striking increase in median home values over the past 8 years, moving from $76,600 in 2015 to $123,400 in 2022. This upward trend stands out compared to the state's more gradual rise from $123,200 to $177,000 in the same period. While still below the national median value of $179,400, Powell County's growth could signal a significant investment opportunity, attracting both new residents and developers looking for promising markets outside pricier urban areas. This data underscores Powell County's potential as a growing market within Kentucky’s broader real estate landscape.
Residential Energy Tax Credit Per Tax Return in Powell County, KY Over the Last 7 Years
Over the past seven years, Powell County, Kentucky has shown a generally upward trend in the average residential energy tax credit per tax return. Notably, the value increased from $314.29 in 2013 to $400.00 in both 2020 and 2021. Spikes were observed in 2014 and remained relatively high thereafter, peaking in recent years. This suggests a growing emphasis on energy efficiency investments among residents, possibly indicating a more favorable market for green-building projects and energy-efficient home improvements. This trend could be of interest to those looking to invest in or support energy-efficient initiatives, offering potential cost savings and value appreciation in the local real estate market.
Average Real Estate Taxes Per Tax Return in Powell County, KY Over the Last 10 Years
Over the last decade, Powell County, Kentucky has seen a notable upward trend in average real estate taxes per tax return. Starting at approximately $1,010.14 in 2012, taxes gradually increased before a significant jump in 2018, reaching $1,650.00. The rising trend continued through to 2021, where the average hit $2,242.86. This surge in property tax values could imply an increase in property values and potentially signal economic growth, offering valuable context for investors, appraisers, and real estate agents considering activities in the region. The sharp climb in recent years might also interest those involved in property development or insurance underwriting, pointing to a possible shift in the county's fiscal landscape.
Percentage of Farm Returns in Powell County, KY Over the Last 10 Years
Over the last 10 years, Powell County, Kentucky has seen fluctuations in the percentage of farm tax returns, ranging from approximately 3.86% to 5.22%. This slight decline overall could suggest a trend where fewer farms are filing tax returns, possibly indicating shifts in agricultural production or economic pressures on smaller farming operations. For those interested in investing, moving to, or developing property in Powell County, this data might reflect broader economic and lifestyle trends affecting rural areas. Understanding these patterns can help in making informed decisions about potential investments or developments geared towards supporting or revitalizing local agriculture.
Number of Mortgages by Occupancy Type in Powell County, KY Over the Last 5 Years in Powell County
Powell County, Kentucky, has shown notable shifts in mortgage trends over the past five years, with a consistent rise in mortgages for principal residences and a slight decline in those for investment properties. This pattern suggests that the area is becoming increasingly appealing for primary homebuyers, potentially reflecting improved local amenities or economic conditions. For investors, this might indicate a more competitive market with fewer opportunities tailored for rental incomes or resale gains. Appraisers and insurance agents may want to adjust their valuations and risk assessments accordingly, while real estate agents could focus marketing efforts on primary homebuyers. For those looking to build property, understanding these shifts can help identify whether developing primary or secondary homes will be more lucrative.
Economic Outlook
Powell County, Kentucky has seen a steady rise in average taxable income per tax return over the past nine years, climbing from $34,764.80 in 2013 to $45,356.16 in 2021. This gradual increase might appeal to investors and those considering relocation as it hints at potential economic growth and enhanced earning potential. Additionally, state and local income taxes have generally increased, peaking at $7,828.57 in 2021, and total tax liabilities per tax return rose by around 34%, reaching... Read more
Average Taxable Income per Tax Return in Powell County, KY over the last 9 years
Over the past nine years, Powell County, Kentucky has experienced a steady upward trend in average taxable income per tax return, increasing from $34,764.80 in 2013 to $45,356.16 in 2021. This gradual rise could be appealing for investors and individuals considering relocation, as it suggests potential economic growth and enhanced earning potential in the area. For real estate agents, appraisers, and insurance agents, understanding these trends may provide insights into the local market dynamics and inform property valuations.
Average State and Local Income Taxes Per Tax Return in Powell County, KY Over the Last 10 Years
Over the last decade, Powell County, Kentucky, has seen a fluctuating yet generally increasing trend in average state and local income taxes per tax return, culminating at $7,828.57 in 2021. Especially notable is the jump from $4,919.72 in 2012 to $6,640.00 in 2018, and the peak in 2021 suggests economic growth or increased earnings for residents. For those considering investments, property development, or relocation, this tax pattern could indicate a rising fiscal capacity within the community, potentially influencing economic opportunities and living standards.
Average Total Tax Liability Per Tax Return in Powell County, KY Over the Last 10 Years
The average total tax liability per tax return in Powell County, Kentucky shows a general upward trend over the past decade, likely indicating economic changes and shifts in income levels. Starting at $3,887.09 in 2012 and rising to $5,210.54 in 2021, the data suggests a roughly 34% increase overall, with notable peaks, particularly in the last few years. Potential investors or residents may want to consider how these tax factors fit into their financial planning. This trend could reflect broader economic conditions or increased local prosperity, impacting decisions on property investments and cost-of-living assessments.
Cost of Living in Powell County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,027 | $1,279 | $1,752 | $1,056 | $1,061 |
| 1 adult 4 children | $1,027 | $1,044 | $1,339 | $1,056 | $1,101 |
| 2 adults 3 children | $1,027 | $1,045 | $1,520 | $1,056 | $866 |
| 1 adult 3 children | $1,027 | $853 | $1,108 | $1,056 | $874 |
| 2 adults 2 children | $781 | $855 | $1,288 | $916 | $764 |
| 1 adult 2 children | $781 | $639 | $876 | $916 | $669 |
| 2 adults 1 child | $781 | $676 | $1,057 | $461 | $724 |
| 1 adult 1 child | $781 | $437 | $644 | $461 | $605 |
| 2 adults | $637 | $543 | $825 | $0 | $636 |
| 1 adult | $566 | $296 | $412 | $0 | $532 |
Safety trends & Data
Property crime trends in Powell County, Kentucky, have seen notable fluctuations over the past five years, with peaks in 2020 for burglary (9.00), motor vehicle theft (6.00), and forgery and counterfeiting (8.00). By 2021, there were significant declines, with burglary arrests dropping to just 1.00 and larceny-theft to 3.00. This sporadic yet substantial shift impacts key stakeholders in real estate, appraisal, insurance, and law enforcement planning, highlighting the necessity for adaptive... Read more
Property Crime Trends in Powell County, KY Over the Last 5 Years
Property crime trends in Powell County, Kentucky, indicate fluctuations over the past five years, with notable peaks in 2020 for categories such as burglary (9.0), motor vehicle theft (6.0), and forgery and counterfeiting (8.0). However, by 2021, significant declines are evident, with burglary arrests dropping to just 1.0 and larceny-theft to 3.0. This variability suggests sporadic but substantial changes in property crime rates, especially impactful for those in real estate, appraisal, insurance, and law enforcement planning.
Demographics
Powell County, Kentucky shows a closely balanced gender ratio among its adults, with males slightly outnumbering females. Educational attainment indicates a local population significantly weighted towards high school graduates and those with some college experience, although higher education degrees are less common. The age distribution reveals a diverse mix, though there's a notable presence of older adults, particularly those in the 55 to 64 and the 65 to 74 age brackets. When considering... Read more
Race Distribution in Powell County, Kentucky (2022)
Educational Attainment in Powell County, Kentucky (2022)
Age Distribution in Powell County, Kentucky
Citizen Population in Powell County, Kentucky (2022)
Political Trends & Data
Powell County, Kentucky, may have displayed a strong Republican preference in the 2020 U.S. Presidential Election, with about 75% of votes leaning that way. Democrats struggled, securing less than 25% of the vote, and Libertarians played a minimal role, while Greens and other parties barely registered with... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Powell County, Kentucky, likely leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly three-quarters of voters favoring the party. Democrats’ share was less than a quarter, while Libertarians received a minimal percentage, and Greens garnered virtually no attention. Other parties accounted for an insignificant fraction of the total votes.
73.41% of voters voted for the Republican party in the 2020 Presidential Election
24.83% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Livertarian party in the 2020 Presidential Election
0.54% of voters voted for the Other party in the 2020 Presidential Election
School Data
Powell County, Kentucky boasts student-to-teacher ratios that have ranged from 10 in 2022 to 13 in 2017, consistently below the national average of 14. This pattern suggests a more personalized education environment, which might enhance property values as high-quality education is a significant consideration for families. Real estate professionals and investors could find this trend appealing, while builders and insurers may be interested in its implications on infrastructure and risk... Read more
Student-to-teacher ratio in Powell County, Kentucky over the last 10 years
Powell County, Kentucky has seen fluctuations in its student-to-teacher ratio over the past decade, with a low of 10 in 2022 and a high of 13 in 2017. For potential investors or those considering relocation, these ratios suggest smaller class sizes compared to the national average of 14 students per teacher, potentially indicating a more personalized education environment. Appraisers and real estate agents might find this trend appealing as it could enhance local property values, given that educational quality is often a key factor for families. Builders and insurers may also take an interest as shifts in school populations can impact infrastructure needs and risk assessments.
