Rockcastle County Real Estate and Livability Trends
Rockcastle County, Kentucky, has experienced a notable rise in average taxable income, climbing from about $35,749.58 in 2013 to $45,811.69 in 2021, hinting at burgeoning job opportunities and economic stability. Median home values jumped from $73,900 in 2015 to $100,300 in 2022, marking it as a budget-friendly yet growth-oriented market for investors. Real estate taxes increased alongside an... Read more
Rockcastle County Market Trends
Median home values in Rockcastle County, Kentucky, have risen from $73,900 in 2015 to $100,300 in 2022, making it a more budget-friendly option compared to state and national averages. This could be a strategic play for investors seeking affordable markets with growth potential. The county has also seen a notable uptick in the average residential energy tax credit per tax return, jumping to... Read more
Median Value of Occupied Housing Units in Rockcastle County, Kentucky Over the Last 8 Years
Median home values in Rockcastle County, Kentucky, have shown a gradual but consistent increase over the past eight years, rising from $73,900 in 2015 to $100,300 in 2022. Despite this growth, the county's home values remain substantially lower than both the state and national medians, which reached $177,000 and $179,400, respectively, by 2022. This pricing disparity could present a strategic opportunity for investors seeking more affordable real estate markets with upward potential. Additionally, for those looking to move or build in a budget-conscious locale, Rockcastle County offers an attractive alternative while still benefiting from property appreciation trends.
Residential Energy Tax Credit Per Tax Return in Rockcastle County, KY Over the Last 8 Years
Over the last eight years, Rockcastle County, Kentucky, has seen significant fluctuations in the average residential energy tax credit per tax return, with values generally ranging around $300.00 to $400.00 before 2021. Notably, there was a sharp increase in 2021, where the average credit jumped to $1,640.00, indicating a potential rise in energy-efficient investments or changes in tax incentives. This trend might be noteworthy for investors, homeowners, and real estate agents, suggesting a growing emphasis on sustainable energy solutions and possibly higher property values due to energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Rockcastle County, KY Over the Last 10 Years
Rockcastle County, Kentucky has seen a significant increase in average real estate taxes per tax return over the past decade. From a modest $966.23 in 2012, taxes rose consistently, peaking at $1,880.00 in 2019 before slightly declining to $1,677.78 in 2021. This upward trend could suggest a growing local economy or increased property valuations, offering potential opportunities and considerations for investors, property developers, and real estate professionals. For appraisers and insurance agents, understanding these fluctuations is crucial for accurate property assessments and risk evaluations.
Percentage of Farm Returns in Rockcastle County, KY Over the Last 10 Years
Rockcastle County, Kentucky has seen a gradual decline in the percentage of farm tax returns over the past decade. Starting around 11.89% in 2012, the number has dipped to approximately 9.62% by 2021. This subtle yet noticeable trend suggests a potential shift in the local economic activities or perhaps changes in land use. Such info is vital for anyone considering investments, relocations, or property development, offering a glimpse into the evolving agricultural landscape and economic conditions of the area.
Number of Mortgages by Occupancy Type in Rockcastle County, KY Over the Last 5 Years in Rockcastle County
Over the last five years in Rockcastle County, Kentucky, the number of mortgages for principal residences has consistently dominated, though there has been a modest decline from 622 in 2021 to 507 in 2022. Investment properties and second residences have seen relatively flat numbers, with investment properties peaking slightly in 2020 at 6 mortgages. Understanding these occupancy type trends is crucial for investors and real estate agents as it highlights a stronger demand for primary homes over investment properties and second residences. Appraisers and insurance agents might also note these shifts to adjust property valuations and risk assessments accordingly.
Economic Outlook
Rockcastle County, Kentucky has seen a steady climb in average taxable income per tax return, jumping from around $35,749.58 in 2013 to $45,811.69 in 2021. This upward trend suggests strengthening job opportunities and growing economic stability, making it a potential hotspot for real estate investors. Additionally, the average state and local income taxes have risen noticeably, with the average tax burden going from about $5,187.65 in 2012 to around $8,600.00 by 2021. Similarly, the total tax... Read more
Average Taxable Income per Tax Return in Rockcastle County, KY over the last 9 years
Rockcastle County, Kentucky has seen a steady increase in average taxable income per tax return over the past nine years, moving from around $35,749.58 in 2013 to approximately $45,811.69 in 2021. Despite a slight dip in 2019, the general trend has been upward, indicating potential economic growth and possibly improving job opportunities. This makes Rockcastle County an attractive area for investors, real estate agents, and those considering a move or property development, as rising incomes could suggest a strengthening local economy.
Average State and Local Income Taxes Per Tax Return in Rockcastle County, KY Over the Last 10 Years
Rockcastle County, Kentucky has seen a noticeable upward trend in state and local income taxes per tax return over the last decade. The average tax burden increased from roughly $5,187.65 in 2012 to around $8,600.00 by 2021, peaking at $8,618.18 in 2019. This rise, particularly from 2018 onwards, could suggest economic growth or changes in tax policy, making it a variable to consider for investment or relocation decisions. Higher taxes might reflect improvements in local infrastructure or services, factors potentially enhancing the county’s appeal.
Average Total Tax Liability Per Tax Return in Rockcastle County, KY Over the Last 10 Years
Rockcastle County, Kentucky has experienced a notable increase in average total tax liability per tax return over the last decade, moving from $3,874.27 in 2012 to $5,176.17 in 2021. The gradual increase suggests a potential for economic growth or rising incomes within the county, possibly making it an area of interest for investors or those looking to move. Higher tax liabilities could indicate a growing financial capacity and a potentially expanding real estate market. This trend might also reflect developing infrastructure or increased public services, which could appeal to new residents and businesses.
Cost of Living in Rockcastle County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,007 | $1,206 | $1,752 | $1,113 | $1,039 |
| 1 adult 4 children | $1,007 | $985 | $1,339 | $1,113 | $1,082 |
| 2 adults 3 children | $1,007 | $986 | $1,520 | $1,113 | $853 |
| 1 adult 3 children | $1,007 | $805 | $1,108 | $1,113 | $862 |
| 2 adults 2 children | $742 | $807 | $1,288 | $967 | $746 |
| 1 adult 2 children | $742 | $603 | $876 | $967 | $652 |
| 2 adults 1 child | $742 | $638 | $1,057 | $493 | $704 |
| 1 adult 1 child | $742 | $412 | $644 | $493 | $590 |
| 2 adults | $564 | $512 | $825 | $0 | $600 |
| 1 adult | $538 | $279 | $412 | $0 | $515 |
Safety trends & Data
Over the last five years in Rockcastle County, Kentucky, burglary rates have plummeted from 19.0 incidents in 2018 to 1.0 in 2022, possibly reflecting better preventive strategies. Larceny-theft incidents remain relatively stable, oscillating between 2.0 and 9.0 annually. Motor vehicle thefts have also decreased from 3.0 in 2018, suggesting improvement in this specific area. Embezzlement, fraud, and forgery are low and stable, impacting investor confidence, resident safety perceptions, and... Read more
Property Crime Trends in Rockcastle County, KY Over the Last 5 Years
Over the last five years, property crime in Rockcastle County, Kentucky has seen considerable fluctuations. Burglary rates show a significant decrease from a peak of 19.0 in 2018 to just 1.0 in 2022, indicating perhaps improved preventive measures. Larceny-Theft numbers haven't changed much, hovering between 2.0 and 9.0 incidents annually. Notably, cases of Motor Vehicle Theft also saw a decline, from 3.0 in 2018 to consistently lower numbers thereafter. Embezzlement, Fraud, and Forgery and Counterfeiting appear relatively stable but low in occurrence. This mixed trend could suggest varied success in law enforcement and community initiatives, essential data for potential investors, residents, and insurance considerations.
Demographics
Rockcastle County, Kentucky, presents a slight gender imbalance with a marginally higher female population. Educational attainment shows a significant proportion of residents having just a high school diploma, with fewer pursuing higher education degrees. Age distribution highlights a relatively aging population, with notable figures in the 45 to 64 years categories. The racial makeup is predominately White, with very few residents identifying as Black, Asian, or other races, suggesting limited... Read more
Race Distribution in Rockcastle County, Kentucky (2022)
Educational Attainment in Rockcastle County, Kentucky (2022)
Age Distribution in Rockcastle County, Kentucky
Citizen Population in Rockcastle County, Kentucky (2022)
Political Trends & Data
In Rockcastle County, Kentucky, voter tendencies in the 2020 U.S. Presidential Election show a decisive lean toward conservative candidates, with Republicans taking 84.5% of the vote and Democrats only 14.6%. Such a dominant preference might hint at ongoing political dynamics that could shape future election outcomes in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Rockcastle County, Kentucky, the 2020 U.S. Presidential Election results suggest a strong lean toward the Republican party, which garnered approximately 84.5% of the vote. The Democrat party trailed significantly, with about 14.6%, while smaller parties like the Libertarian party received a negligible share, indicating a clear preference for conservative candidates among the electorate. While these results may not provide the complete picture of voter behavior, they hint at possible political dynamics that may influence future elections in this county.
84.50% of voters voted for the Republican party in the 2020 Presidential Election
14.57% of voters voted for the Democrat party in the 2020 Presidential Election
0.72% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
Rockcastle County, Kentucky has seen its student-to-teacher ratio fluctuate between 14 and 16 students per teacher over the past decade, peaking at almost 17 in 2020, above the national average of 14. These changes suggest shifts in resource allocation, potentially impacting educational outcomes and classroom environments. For families and investors, this factor is often crucial when evaluating property values and neighborhood appeal, affecting both housing demand and overall market... Read more
Student-to-teacher ratio in Rockcastle County, Kentucky over the last 10 years
Over the past decade, the student-to-teacher ratio in Rockcastle County, Kentucky has shown some notable fluctuations, mostly ranging between 14 and 16 students per teacher. In 2020, the ratio peaked at almost 17, significantly higher than the national average of 14 students per teacher. These changes may indicate varying levels of resource allocation and could affect educational outcomes and classroom environments, factors that are important for families considering a move to the area, real estate agents, and investors in local education infrastructure. Educational quality and classroom sizes are often considered when appraising property values and can influence demand for housing, impacting overall neighborhood desirability.
