Todd County Real Estate and Livability Trends
Todd County, Kentucky, is experiencing notable real estate market dynamics. Median home values have climbed from $87,300 in 2015 to $126,600 in 2022, offering relatively affordable housing options compared to state and national averages. The area shows signs of economic improvement with average taxable income rising and more mortgages being issued, indicating market tightening. However, real... Read more
Todd County Market Trends
Median home values in Todd County, Kentucky, have risen steadily from $87,300 in 2015 to $126,600 in 2022 but remain substantially below the state and national averages, making it an attractive option for more affordable housing investments. Residential energy tax credits fluctuated notably, peaking at $425.00 in 2021, possibly reflecting a rise in energy-efficient home improvements, which can... Read more
Median Value of Occupied Housing Units in Todd County, Kentucky Over the Last 8 Years
Median home values in Todd County, Kentucky have experienced steady growth over the past eight years, increasing from $87,300 in 2015 to $126,600 in 2022. Despite this uptick, home prices in Todd County remain significantly below both the state average for Kentucky, which saw values climb from $123,200 to $177,000 in the same period, and the national average, which surged from $125,500 to $179,400. This disparity suggests that Todd County might be an attractive option for investors and homebuyers looking for more affordable real estate opportunities without sacrificing the benefits of property value appreciation.
Residential Energy Tax Credit Per Tax Return in Todd County, KY Over the Last 8 Years
Todd County, Kentucky, shows a fluctuating trend in residential energy tax credits over the past eight years, with amounts varying from $233.33 in 2015 to $425.00 in 2021. Notably, there was a significant peak in 2017 at $350.00, followed by steady figures between 2019 and 2020 at $300.00, and finally a substantial increase in 2021. These changes might suggest residents' growing investments in energy-efficient home improvements, which can be an attractive factor for potential homeowners and investors looking at long-term sustainability and cost savings. This data could also inform real estate agents and appraisers about the added value of energy-efficient properties in the region.
Average Real Estate Taxes Per Tax Return in Todd County, KY Over the Last 10 Years
Over the last decade, Todd County, Kentucky has seen its average real estate taxes per tax return fluctuate significantly. Notably, a sharp increase occurred between 2017 and 2018, from approximately $1,242.65 to $1,792.31. Although there's been some stabilization since, taxes have mostly remained elevated, often hovering above the $1,500 mark. This variability in real estate taxes can affect investment attractiveness, property appraisals, and overall housing affordability in the area. For those involved in real estate or considering a move, understanding these trends is crucial in forecasting financial commitments tied to property ownership in Todd County.
Percentage of Farm Returns in Todd County, KY Over the Last 10 Years
Farm tax returns in Todd County, Kentucky show a slight downward trend over the last decade, moving from approximately 12.99% in 2012 to around 12.38% in 2021. The percentage saw a consistent drop until 2017, then experienced minor fluctuations, including a brief uptick in 2018 and 2019. This gradual decrease might indicate shifts in agricultural activity or economic conditions affecting farm profitability. For those looking to invest, build property, or settle in Todd County, understanding these trends could be pivotal, as they might hint at broader economic and development patterns within the region.
Number of Mortgages by Occupancy Type in Todd County, KY Over the Last 5 Years in Todd County
Over the past five years, Todd County, Kentucky has predominantly seen higher mortgage counts for principal residences compared to investment or second properties, with a notable upward trend in principal residence mortgages, peaking in 2022 at 395. This shift could be particularly relevant for investors and real estate agents because a growing focus on primary homes often signals increased stability and possibly tightening markets; it may also influence property appraisal values and insurance risks due to the changing nature of demand. For those planning to build or move to the area, understanding these shifts might provide useful insights into the evolving housing preferences and investment opportunities in Todd County.
Economic Outlook
Todd County, Kentucky has seen an upward trend in average taxable income per tax return, rising from $43,604.28 in 2013 to $55,330.88 by 2021. This suggests an improving economic environment, potentially driven by economic initiatives or better job opportunities. Additionally, local and state taxes have generally increased, with a significant jump in state and local income taxes peaking at $8,011.11 in 2020. The overall tax liability per tax return has also risen, despite some fluctuations,... Read more
Average Taxable Income per Tax Return in Todd County, KY over the last 9 years
Over the past nine years, Todd County, Kentucky has seen fluctuating, yet predominantly upward trends in average taxable income per tax return, starting at around $43,604.28 in 2013 and rising to approximately $55,330.88 by 2021. This can potentially be attributed to various factors such as economic initiatives, population growth, or improved employment opportunities. For real estate agents, insurance agents, and investors, these figures could imply a more affluent, potentially expanding community, while for those looking to move here, it might suggest a generally improving economic environment.
Average State and Local Income Taxes Per Tax Return in Todd County, KY Over the Last 10 Years
Over the past decade, Todd County, Kentucky has seen a general increase in state and local income taxes per tax return, peaking at $8,011.11 in 2020. Notably, there was a significant jump from $6,509.72 in 2013 possibly indicating changes in tax legislation or economic conditions. Such trends could influence potential investors or new residents considering the overall tax burden when relocating or developing property in the area.
Average Total Tax Liability Per Tax Return in Todd County, KY Over the Last 10 Years
Average tax liabilities per tax return in Todd County, Kentucky have shown some fluctuation over the past decade. Between 2012 and 2021, there was a notable increase from $6,684.34 to $7,224.35. Though there were occasional dips—like in 2017 when liabilities dropped to $6,443.07—the overall trend suggests a gradual rise. This trend could reflect changes in local economic conditions, property values, or tax policy, all of which are important considerations for potential investors, residents, or property developers in the area.
Cost of Living in Todd County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,020 | $1,190 | $1,721 | $1,012 | $1,010 |
| 1 adult 4 children | $1,020 | $972 | $1,315 | $1,012 | $1,051 |
| 2 adults 3 children | $1,020 | $972 | $1,493 | $1,012 | $832 |
| 1 adult 3 children | $1,020 | $794 | $1,088 | $1,012 | $836 |
| 2 adults 2 children | $742 | $796 | $1,266 | $878 | $725 |
| 1 adult 2 children | $742 | $595 | $860 | $878 | $631 |
| 2 adults 1 child | $742 | $629 | $1,038 | $442 | $695 |
| 1 adult 1 child | $742 | $406 | $633 | $442 | $582 |
| 2 adults | $564 | $505 | $811 | $0 | $604 |
| 1 adult | $538 | $276 | $405 | $0 | $519 |
Safety trends & Data
In Todd County, Kentucky, property crime trends over the last five years suggest fluctuating patterns that might impact real estate decisions. Notably, burglary incidents have plummeted from 13.0 in 2018 to just 1.0 in 2022. Conversely, larceny-theft cases peaked at 7.0 in 2020 before stabilizing at around 5.0 in 2022. Importantly, the county saw motor vehicle theft and fraud activities in 2019, absent in later years, hinting at changes in criminal behavior or improved law enforcement. These... Read more
Property Crime Trends in Todd County, KY Over the Last 5 Years
In Todd County, Kentucky, property crime trends over the last five years indicate a fluctuating pattern. Incidents of burglary showed a significant decrease from 13.0 in 2018 to just 1.0 in 2022. However, larceny-theft cases varied, peaking at 7.0 in 2020 and then stabilizing around 5.0 in 2022. Notably, the county saw episodes of motor vehicle theft and fraud in 2019, which were not present in subsequent years, reflecting a potential shift in criminal behavior or law enforcement efficacy. These dynamics are crucial for investors, real estate agents, and appraisers assessing the area's safety and property value trends.
Demographics
In Todd County, Kentucky, the adult population shows a fairly balanced gender split, making community planning straightforward. Educational attainment reveals that a sizable chunk of the population concludes their education with a high school diploma, and a smaller percentage pursues higher education degrees, suggesting targeted programs might be beneficial. Age distribution indicates a relatively younger population but with a notable number of residents in the retirement bracket, which is... Read more
Race Distribution in Todd County, Kentucky (2022)
Educational Attainment in Todd County, Kentucky (2022)
Age Distribution in Todd County, Kentucky
Citizen Population in Todd County, Kentucky (2022)
Political Trends & Data
Todd County, Kentucky, displayed a significant Republican alignment in the 2020 U.S. Presidential Election, with the GOP garnering nearly 76% of the votes. Democrats managed only about 22%, suggesting a potential challenge for Democratic candidates in future elections. The minimal support for Libertarian and other minor parties, which collectively earned less than 2% of the vote, might indicate a less receptive environment for third-party candidates in the area. This strong Republican presence... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Todd County in Kentucky showed a strong preference for the Republican Party in the 2020 U.S. Presidential Election, with nearly 76% of the vote. Democrats trailed significantly, capturing just over 22%. Libertarian and other minor parties garnered minimal support, collectively amounting to less than 2%. This distribution might reflect broader political leanings in rural parts of Kentucky, hinting at a deeply entrenched Republican base.
75.87% of voters voted for the Republican party in the 2020 Presidential Election
22.46% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% of voters voted for the Livertarian party in the 2020 Presidential Election
0.58% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Todd County, Kentucky has seen fluctuating student-to-teacher ratios. While generally trending downward from 2014's peak of 17 students per teacher, the county neared the national average of 14 by 2022 before spiking to 18 in 2023. These variations could influence potential investors and real estate agents, as well as impact local appraisals and insurance assessments given changes in educational resource allocation and perceived educational quality. Optimal ratios could... Read more
Student-to-teacher ratio in Todd County, Kentucky over the last 10 years
Over the past decade, Todd County, Kentucky has seen fluctuating student-to-teacher ratios. While the ratio generally trended downwards from 2014's peak of 17 students per teacher, nearing the national average of 14 students per teacher by 2022, a significant increase to 18 students per teacher was observed in 2023. These variations may influence decisions for potential investors and real estate agents, as well as affect local appraisals and insurance assessments due to changes in educational resource allocation and perceived educational quality. Optimal ratios can improve student outcomes and enhance community attractiveness to families prioritizing education.
