Trigg County Real Estate and Livability Trends
Trigg County, Kentucky, exemplifies intriguing real estate market trends with median home values jumping from $114,100 in 2015 to $173,900 in 2022, hinting at robust local demand and development prospects. Rising real estate taxes, from $1,470.97 in 2012 to $2,805.26 in 2021, and fluctuating residential energy tax credits emphasize the area's evolving property landscape. With the number of... Read more
Trigg County Market Trends
Median home values in Trigg County, Kentucky have surged from $114,100 in 2015 to $173,900 in 2022, outpacing state and national growth rates. This suggests a robust local demand and potential development opportunities in the area. Residential energy tax credits have seen significant fluctuations, peaking at $583.33 in 2021, possibly reflecting increased investments in energy efficiency. Real... Read more
Median Value of Occupied Housing Units in Trigg County, Kentucky Over the Last 8 Years
Median home values in Trigg County, Kentucky, have shown a consistent upward trend over the past eight years, climbing from $114,100 in 2015 to $173,900 in 2022. This rate of increase appears more pronounced than the state and national trends during the same period. While Kentucky's overall median value rose from $123,200 to $177,000, the national median increased from $125,500 to $179,400. For potential investors or homebuyers, Trigg County's market growth could signal a strong opportunity, potentially reflecting both demand and development in the area.
Residential Energy Tax Credit Per Tax Return in Trigg County, KY Over the Last 8 Years
In Trigg County, Kentucky, there has been quite a bit of variation in the average residential energy tax credit per tax return over the past eight years. Notably, 2016 saw a peak of $390.00 and a similar upward trend followed in 2019 with an average of $433.33. A significant jump is observed in 2021, where the average reached $583.33. Contrarily, 2020 experienced a dip to $280.00. These trends may hint at increased investment in residential energy efficiency or shifting state incentives, making it an interesting data point for those considering property investment, real estate development, or energy-efficient retrofitting in the area.
Average Real Estate Taxes Per Tax Return in Trigg County, KY Over the Last 10 Years
Real estate taxes per tax return in Trigg County, Kentucky have shown a steady increase over the past decade, rising from roughly $1,470.97 in 2012 to approximately $2,805.26 in 2021. This upward trend could suggest growing property values or increased tax rates. The sharpest jumps are observed between 2017 and 2019, with values soaring from around $1,842.98 to $2,660.87. Such consistent increases might indicate a robust real estate market, potentially attracting investors and developers but also impacting long-term residents with higher annual costs.
Percentage of Farm Returns in Trigg County, KY Over the Last 10 Years
The percentage of farm returns in Trigg County, Kentucky over the last decade hovers around 6.5% to 7.1%, with minor fluctuations. Peaks in 2012 and 2018, at approximately 6.87% and 7.06% respectively, might suggest periodic increases in tax benefits or restructuring in the agriculture sector. Farm tax returns often reflect the financial health and productivity of local agriculture, an important indicator for those looking to invest, move, or establish property in the area. Understanding these returns helps get a clearer picture of economic stability and growth potential in the local farming industry.
Number of Mortgages by Occupancy Type in Trigg County, KY Over the Last 5 Years in Trigg County
Trigg County, Kentucky has seen various trends in mortgage counts over the last five years, with notable fluctuations in the purchase of principal residences, from 482 mortgages in 2018 up to 852 in 2021. Investment properties and second residences have generally maintained lower figures, yet some variability persists, such as second residence mortgages peaking at 103 in 2020 before dropping to 32 in 2022. Shifts in these occupancy types could signify changing demographics, economic conditions, or market dynamics, impacting decisions for investors, potential movers, real estate professionals, and insurance agents. Understanding these patterns allows for more strategic planning in property development, assessment, and market positioning within the county.
Economic Outlook
Trigg County, Kentucky has experienced a steady rise in average taxable income per tax return, increasing from $42,116.36 in 2013 to $55,260.83 by 2021, indicating gradual financial growth and possibly an improving local economy. The fluctuations in average state and local income taxes, peaking at $8,080.00 in 2019, highlight the importance of monitoring policy changes and economic conditions. Additionally, the average total tax liability per tax return has climbed from $5,642.13 in 2012 to... Read more
Average Taxable Income per Tax Return in Trigg County, KY over the last 9 years
Trigg County, Kentucky has seen a steady rise in average taxable income per tax return over the past nine years. Starting at $42,116.36 in 2013, it climbed to $55,260.83 by 2021. This upward trend indicates potential for financial growth and might suggest an improving economic environment, which could be appealing for investors, property builders, and real estate agents. The notable jump in 2021 could reflect broader economic recovery trends or local developments boosting income levels.
Average State and Local Income Taxes Per Tax Return in Trigg County, KY Over the Last 10 Years
Over the last decade, Trigg County, Kentucky has seen fluctuating yet generally upward trends in average state and local income taxes per tax return. Starting at $4,865.42 in 2012 and peaking at $8,080.00 in 2019, the data showcases varying yet significant hikes, especially notable between 2017 and 2018. Such fluctuations suggest that taxpayers and potential investors should closely monitor policy changes and economic factors driving these shifts, as they can have a considerable impact on financial planning and investment decisions in the area.
Average Total Tax Liability Per Tax Return in Trigg County, KY Over the Last 10 Years
Over the last decade, Trigg County, Kentucky has seen a noticeable upward trajectory in the average total tax liability per tax return, climbing from approximately $5,642.13 in 2012 to around $7,309.55 in 2021. This suggests a potential increase in both income levels and property values, reflecting economic growth. While there were some fluctuations, the overall trend might indicate a generally improving economic climate, making it an intriguing prospect for investors and potential residents.
Cost of Living in Trigg County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $847 | $1,307 | $1,758 | $1,179 | $1,085 |
| 1 adult 4 children | $847 | $1,067 | $1,343 | $1,179 | $1,154 |
| 2 adults 3 children | $847 | $1,068 | $1,526 | $1,179 | $900 |
| 1 adult 3 children | $847 | $872 | $1,111 | $1,179 | $917 |
| 2 adults 2 children | $601 | $874 | $1,294 | $1,025 | $789 |
| 1 adult 2 children | $601 | $653 | $879 | $1,025 | $672 |
| 2 adults 1 child | $601 | $691 | $1,062 | $525 | $714 |
| 1 adult 1 child | $601 | $446 | $647 | $525 | $588 |
| 2 adults | $462 | $555 | $830 | $0 | $606 |
| 1 adult | $426 | $303 | $415 | $0 | $499 |
Safety trends & Data
Trigg County, Kentucky has experienced fluctuating property crime rates over the past five years. Burglary incidents peaked at 13 in 2018 but dropped to a low of 3 in 2020 before rising slightly. Larceny-theft was relatively stable but saw a notable increase to 10 occurrences in 2020. Vandalism spiked with 11 incidents in 2021, while stolen property offenses also rose to 12 in 2020. These trends could impact property values and insurance premiums, providing important context for investors and... Read more
Property Crime Trends in Trigg County, KY Over the Last 5 Years
Over the last five years, Trigg County, Kentucky has seen a notable fluctuation in property crimes. Burglary incidents peaked in 2018 at 13 cases but subsequently decreased, reaching a low of 3 in 2020 before rising again slightly. Larceny-theft has exhibited less volatility but saw a notable increase in 2020 with 10 occurrences. Vandalism incidents spiked significantly in 2021 with 11 cases. There's also been a steady presence of stolen property offenses, highlighted by a jump to 12 incidents in 2020. These crime trends can serve as a temperature check for potential investors and real estate agents, offering insights into the county's security landscape, which may influence property values and insurance premiums.
Demographics
Trigg County, Kentucky's adult population skews slightly female, with educational attainment levels highlighting a strong high school graduation rate and substantial numbers pursuing some college or an associate degree. The age distribution suggests a notable cluster of residents in the 45-64 age range, indicative of a mature population possibly shaping economic and community services. Racially, the county is predominantly White with very limited diversity, which can influence regional cultural... Read more
Race Distribution in Trigg County, Kentucky (2022)
Educational Attainment in Trigg County, Kentucky (2022)
Age Distribution in Trigg County, Kentucky
Citizen Population in Trigg County, Kentucky (2022)
Political Trends & Data
Trigg County, Kentucky, potentially exhibited a strong conservative presence in the 2020 U.S. Presidential Election, with the Republican party possibly capturing nearly 75% of the vote. The Democratic party likely secured around 25%, with minor parties like the Libertarians having minimal impact. This suggests the area might be heavily Republican, but it could also present strategic opportunities for other parties aiming to shift voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Trigg County, Kentucky, might show a significant lean towards the Republican party, potentially capturing nearly three-quarters of the vote in the 2020 U.S. Presidential Election. The Democratic party likely garnered close to a quarter of the electorate's support, while minor parties such as the Libertarians and others appeared to have minimal impact. These trends suggest a strong conservative presence but could indicate areas ripe for strategic shifts from other parties.
74.40% of voters voted for the Republican party in the 2020 Presidential Election
24.28% 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
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Trigg County, Kentucky, the student-to-teacher ratio reached 18 in 2022 before falling to 14 in 2023, aligning with the national average. These variations might signal shifts in educational funding, staffing, or enrollment trends, which are key for potential investors and families. A lower ratio often suggests better educational outcomes, making the area more attractive for those prioritizing quality education, which could, in turn, influence local real estate markets. Conversely, higher... Read more
Student-to-teacher ratio in Trigg County, Kentucky over the last 10 years
The student-to-teacher ratio in Trigg County, Kentucky, has fluctuated over the past decade, peaking at 18 students per teacher in 2022 before dropping significantly to 14 in 2023, which matches the national average. Such variations could indicate shifts in educational funding, staffing, or enrollment trends, which are crucial for potential investors, real estate agents, and families considering moving to the area. A lower student-to-teacher ratio typically suggests better educational outcomes and could make Trigg County more appealing for those prioritizing quality education. Conversely, higher ratios might spur demand for private schooling options, potentially influencing local real estate markets and rental prices.
