Pulaski County Real Estate and Livability Trends
Pulaski County, Kentucky has seen a marked rise in average taxable income per tax return, from $40,941.64 in 2013 to $58,024.19 in 2021, signaling a robust economic setting that could lure investors and new residents. Median home values have also increased, jumping from $106,800 in 2015 to $140,400 in 2022, making the area relatively affordable compared to state and national averages. Residential... Read more
Pulaski County Market Trends
Pulaski County, Kentucky has experienced a significant rise in median home values, climbing from $106,800 in 2015 to $140,400 in 2022, making it more affordable than overall state and national averages. Residential energy tax credits per tax return have fluctuated dramatically, peaking at $1,950.00 in 2018, suggesting increasing homeowner interest in energy-efficient investments. Real estate... Read more
Median Value of Occupied Housing Units in Pulaski County, Kentucky Over the Last 8 Years
Pulaski County, Kentucky has seen a substantial increase in median home values over the past eight years, jumping from $106,800 in 2015 to $140,400 in 2022. While Kentucky overall has experienced a similar trend, Pulaski County's housing market remained notably more affordable, with the state median rising from $123,200 to $177,000 in the same period. Nationally, the median home value grew from $125,500 in 2015 to $179,400 in 2022. This suggests Pulaski County might be an appealing option for potential investors or homebuyers seeking value compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Pulaski County, KY Over the Last 9 Years
Pulaski County, Kentucky has seen significant fluctuations in residential energy tax credits per tax return over the past nine years. After a steady rise in 2014, reaching $453.33, the value dipped slightly in 2015 but surged in 2016 and 2017, hitting $600.00. Remarkably, 2018 saw a substantial peak at $1,950.00, suggesting a possible increase in energy-efficient home improvements during that period. After this high, the average amount dropped, yet it gradually rose again by 2021 to reach $1,375.00. This trend likely indicates growing homeowner interest in energy-efficient investments, offering potential opportunities for investors, real estate agents, and property developers looking to tap into this evolving market. This increase in credits might also be of interest to appraisers and insurance agents considering the impacts of such home improvements on property values and insurance evaluations.
Average Real Estate Taxes Per Tax Return in Pulaski County, KY Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Pulaski County, Kentucky have seen a notable increase. Starting at approximately $1,486.12 in 2012, taxes have nearly doubled by 2021, reaching around $2,811.54. An especially sharp uptick occurred between 2017 and 2018, jumping from roughly $1,778.00 to over $2,633.66. This rise might indicate either an increase in property values or changes in tax rates, which could impact decisions by potential investors, real estate agents, and other stakeholders considering the area.
Percentage of Farm Returns in Pulaski County, KY Over the Last 10 Years
Farm tax returns in Pulaski County, Kentucky have consistently decreased over the past decade, dropping from approximately 6.92% in 2012 to around 5.48% in 2021. This decline might signal shifts in the local agricultural economy, including potential reductions in farm profitability or changes in land use. For those looking to invest, move to, or develop property in Pulaski County, understanding these trends could be crucial. The decreasing percentage of farm returns suggests a diversification away from agriculture, which might open up opportunities in other sectors and reflect broader economic changes in the county.
Number of Mortgages by Occupancy Type in Pulaski County, KY Over the Last 5 Years in Pulaski County
Over the last 5 years in Pulaski County, Kentucky, mortgages for principal residences saw a noticeable uptick from 2018 to 2021, followed by a decline in 2022. Investment properties and second residences remained relatively stable, though there's a slight drop in mortgages for both categories in recent years. Changes in occupancy types are telling of the housing market's direction; a decrease in investment properties might imply lower investor interest or tighter lending conditions, while fluctuations in principal residences could signal broader economic trends or shifts in population dynamics. These trends are invaluable for investors, builders, real estate agents, insurance agents, and potential movers, offering insights into market health and housing demand.
Economic Outlook
Pulaski County, Kentucky's real estate market has been buoyed by a steady rise in average taxable income per tax return, up from around $40,941.64 in 2013 to $58,024.19 in 2021. This suggests economic stability and potential for financial growth that could attract investors and those relocating. Additionally, a significant increase in state and local income taxes, from $5,904.02 in 2012 to $16,057.32 in 2021, indicates local economic shifts or policy changes, influencing investment strategies.... Read more
Average Taxable Income per Tax Return in Pulaski County, KY over the last 9 years
Over the past nine years, Pulaski County, Kentucky has experienced a steady increase in the average taxable income per tax return, rising from approximately $40,941.64 in 2013 to around $58,024.19 in 2021. This upward trend suggests a growing economic stability and potential for financial growth in the area, which may be appealing for investors, those looking to relocate, and real estate professionals. The notable jump in 2021 could indicate a variety of economic shifts or improvements in income levels for the county's residents. This data could be useful for appraisers and insurance agents assessing property values and risk in Pulaski County.
Average State and Local Income Taxes Per Tax Return in Pulaski County, KY Over the Last 10 Years
Over the last decade, Pulaski County, Kentucky has seen a substantial increase in average state and local income taxes per tax return, starting from $5,904.02 in 2012 and reaching $16,057.32 in 2021. Notable jumps occurred in 2018 when the value surged to $11,758.00 and continued on an upward trajectory. This trend may reflect shifts in the local economic landscape or changes in tax policies, potentially impacting decisions for those considering investment or relocation in this region. The sharp increase suggests varying fiscal pressures on residents, which might be crucial for prospective property builders and investors to analyze.
Average Total Tax Liability Per Tax Return in Pulaski County, KY Over the Last 10 Years
Over the past decade, Pulaski County, Kentucky, has seen a notable increase in the average total tax liability per tax return, peaking at $9,369.20 in 2021. The steady rise indicates a possible growth in income levels or property values, reflecting an economic upswing. For potential investors, homebuyers, and businesses, this trend suggests a vibrant economic environment, albeit with higher tax considerations.
Cost of Living in Pulaski County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $955 | $1,287 | $1,820 | $1,362 | $1,138 |
| 1 adult 4 children | $955 | $1,051 | $1,392 | $1,362 | $1,183 |
| 2 adults 3 children | $955 | $1,051 | $1,579 | $1,362 | $923 |
| 1 adult 3 children | $955 | $858 | $1,151 | $1,362 | $951 |
| 2 adults 2 children | $766 | $861 | $1,338 | $1,204 | $834 |
| 1 adult 2 children | $766 | $643 | $910 | $1,204 | $755 |
| 2 adults 1 child | $766 | $680 | $1,097 | $692 | $776 |
| 1 adult 1 child | $766 | $439 | $669 | $692 | $653 |
| 2 adults | $584 | $546 | $856 | $0 | $615 |
| 1 adult | $512 | $298 | $428 | $0 | $508 |
Safety trends & Data
Pulaski County, Kentucky's property crime stats over the past five years show interesting trends: Burglary and larceny-theft peaked in 2018 and 2020 before declining by 2022. Motor vehicle thefts had sporadic spikes but decreased significantly in 2019 and 2022. Fraud and vandalism incidents trended down after 2020, while embezzlement and forgery stayed relatively minor. For potential investors or property developers, these patterns suggest a gradually improving environment in terms of property... Read more
Property Crime Trends in Pulaski County, KY Over the Last 5 Years
Observing Pulaski County, Kentucky's property crime statistics over the past five years reveals notable fluctuations in specific categories. Burglary and larceny-theft were generally highest in 2018 and 2020, with a noticeable decrease by 2022. Motor vehicle thefts saw sporadic spikes but dropped significantly in 2019 and 2022. Fraud and vandalism incidents showed a declining trend after 2020, while categories like embezzlement and forgery remained relatively minor throughout. For potential investors or property developers, these insights highlight a general downward trend in property crimes, suggesting a gradually improving environment regarding property security.
Demographics
Pulaski County, Kentucky, shows a slightly higher female population than male. The educational landscape highlights a significant portion of residents with only a high school diploma and a surprisingly low percentage holding graduate degrees. The age distribution suggests a balanced mix, but with a noticeable lean towards the older segments, particularly those 55 years and older. The racial composition is predominantly White, with minimal representation from other races. These trends could... Read more
Race Distribution in Pulaski County, Kentucky (2022)
Educational Attainment in Pulaski County, Kentucky (2022)
Age Distribution in Pulaski County, Kentucky
Citizen Population in Pulaski County, Kentucky (2022)
Political Trends & Data
Pulaski County, Kentucky, showcased a strong Republican preference in the 2020 U.S. Presidential Election, with around 81% of votes going to the GOP. Democrats captured nearly 18%, and minor parties barely made a dent at just over 1%. This overwhelming GOP support could influence local policies and possibly impact real estate market dynamics, such as the types of developments encouraged or community investments... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Pulaski County, Kentucky, the 2020 U.S. Presidential Election leaned significantly towards the Republican Party, with approximately 81% of the vote, while the Democratic Party captured nearly 18%. Minor parties, including the Libertarian Party, had a minimal presence, collectively garnering just over 1% of the total vote. This trend might suggest a strong Republican base and limited influence from third-party candidates in this region.
80.67% of voters voted for the Republican party in the 2020 Presidential Election
17.96% of voters voted for the Democrat party in the 2020 Presidential Election
1.02% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pulaski County, Kentucky, has seen dramatic shifts in its student-to-teacher ratio, jumping from around 16 to over 40 since 2018. This spike, much higher than the national average of 14, could affect local perceptions of education quality and impact decisions for families thinking about relocating. For real estate agents, investors in educational facilities, and appraisers, these trends highlight potential challenges and may influence property values and community... Read more
Student-to-teacher ratio in Pulaski County, Kentucky over the last 10 years
Pulaski County, Kentucky, has experienced substantial fluctuations in its student-to-teacher ratio over the past decade, with a sharp increase starting from 2018. The student-to-teacher ratio has soared from around 16 in the earlier part of the decade to levels exceeding 40 in recent years. This is significantly higher than the national average of fourteen students per teacher, underscoring potential challenges in maintaining quality of education and individualized attention. These trends may impact perceptions of the local education system and could be a factor for families considering relocation, investors in educational facilities, and real estate agents emphasizing school quality as a selling point. Additionally, high ratios might be of concern to appraisers and insurance agents evaluating property and community risks.
