Trimble County Real Estate and Livability Trends
Trimble County, Kentucky has seen a marked increase in average home values, rising from $112,000 in 2015 to $152,600 in 2022, although still trailing behind state and national medians. The surge in residential energy tax credits to $1,350.00 in 2021 indicates heightened investments in energy efficiency, which could attract eco-conscious buyers. Real estate taxes have nearly doubled to $2,610.00... Read more
Trimble County Market Trends
Trimble County, Kentucky has experienced notable home value appreciation, rising from $112,000 in 2015 to $152,600 in 2022, yet still remains below the state median of $177,000 and the national median of $179,400. Residential energy tax credits saw a striking spike to $1,350.00 in 2021, hinting at increased investments in energy efficiency, potentially drawing eco-conscious buyers. Real estate... Read more
Median Value of Occupied Housing Units in Trimble County, Kentucky Over the Last 8 Years
Median home values in Trimble County, Kentucky have seen a significant rise over the last eight years, growing from $112,000 in 2015 to $152,600 in 2022. While this reflects strong local appreciation, it's still below Kentucky's state median, which reached $177,000 in 2022, and the national median of $179,400. This suggests that Trimble County might offer more affordable housing compared to both state and nationwide averages, potentially attracting buyers seeking lower prices while still benefiting from steady value growth.
Residential Energy Tax Credit Per Tax Return in Trimble County, KY Over the Last 8 Years
Trimble County, Kentucky has seen a fluctuating pattern in residential energy tax credits over the past eight years. While the average credit per return hovered around $250.00 to $362.50 from 2013 to 2020, a notable surge to $1,350.00 in 2021 indicates a spike in energy-efficient investments. This trend might attract prospective homeowners and investors interested in sustainability and energy savings. Understanding these fluctuations could be crucial for appraisers and real estate agents evaluating property values and potential returns on eco-friendly upgrades.
Average Real Estate Taxes Per Tax Return in Trimble County, KY Over the Last 10 Years
In Trimble County, Kentucky, average real estate taxes per tax return have demonstrated a noticeable upward trend over the past decade. Starting at approximately $1,330.49 in 2012, there was a relatively modest rise until 2017, after which a sharp increase was observed. By 2021, the average tax per return had almost doubled, reaching $2,610.00. This pattern could be significant for potential investors, real estate agents, or anyone considering moving to the area, indicating a potential rise in property values or increased local tax rates, which might affect property investment, insurance premiums, and cost of living.
Percentage of Farm Returns in Trimble County, KY Over the Last 10 Years
The percentage of farm tax returns in Trimble County, Kentucky over the last 10 years has shown slight fluctuations around 12.47% in 2012 and 2014, gradually decreasing to about 10.57% by 2021. Farm tax returns, reflecting the financial health and tax filing activity of agricultural operations, offer insights into the local agricultural economy’s stability and growth. Variations in these percentages can signal shifts in farm incomes, policy impacts, and broader economic trends, valuable data for investors, potential new residents, and those looking to build or engage with the local community.
Number of Mortgages by Occupancy Type in Trimble County, KY Over the Last 5 Years in Trimble County
In Trimble County, Kentucky, the predominant mortgage activity has consistently been for Principal Residences, with a noticeable uptick between 2018 and 2021 from 346 to 518 mortgages. In contrast, mortgages for Investment Properties have shown a gradual decline, from 27 in 2018 to 20 in 2021. Second Residences have remained minimal, usually around 3-4 mortgages annually. These shifts in occupancy types are crucial for investors and real estate agents as they highlight strong demand for primary housing, potentially signaling a stable market for families and long-term residents. For appraisers and insurance agents, understanding these trends can aid in accurate valuations and risk assessments, respectively. Builders might see an opportunity in catering to the residential market, capitalizing on the sustained interest in primary residences.
Economic Outlook
Trimble County, Kentucky has seen a noticeable increase in average taxable income per tax return, climbing from about $43,464.95 in 2013 to roughly $57,774.48 in 2021. Coupled with rising state and local income taxes, which have grown from around $4,606.17 in 2012 to $7,710.00 in 2021, there's a sense of increasing economic stability or prosperity in the area. This trend might attract property investors and those considering relocation, while also giving appraisers, insurance agents, and other... Read more
Average Taxable Income per Tax Return in Trimble County, KY over the last 9 years
Trimble County, Kentucky has experienced a notable rise in average taxable income per tax return over the last nine years, increasing from about $43,464.95 in 2013 to approximately $57,774.48 in 2021. This upward trend could suggest a growing economic stability or prosperity in the region, likely attracting those considering property investments, relocations, or real estate ventures. Additionally, this data might interest appraisers and insurance agents looking at property valuations and risk assessments, as it hints at a continuously improving economic landscape.
Average State and Local Income Taxes Per Tax Return in Trimble County, KY Over the Last 10 Years
Trimble County, Kentucky has seen a notable rise in average state and local income taxes per tax return over the past decade. From around $4,606.17 in 2012, the amounts have increased to $7,710.00 by 2021, showing a consistent upward trend with occasional fluctuations. This upward movement may suggest growing income levels or changes in tax policies, making it a point of consideration for anyone looking into investments, property development, or relocation to the area.
Average Total Tax Liability Per Tax Return in Trimble County, KY Over the Last 10 Years
Over the past decade, there's been a noticeable increase in the average total tax liability per tax return in Trimble County, Kentucky. Starting from around $5,068.08 in 2012, it gradually rose, peaking at $7,068.18 by 2021. This suggests a trend where residents potentially faced higher earnings or changes in tax regulations impacting their liabilities. For potential investors, this might indicate a growing local economy, whereas for residents, it could reflect on the higher cost of living or better public services funded by taxes.
Cost of Living in Trimble County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $997 | $1,303 | $1,714 | $1,056 | $1,117 |
| 1 adult 4 children | $997 | $1,064 | $1,310 | $1,056 | $1,166 |
| 2 adults 3 children | $997 | $1,064 | $1,488 | $1,056 | $907 |
| 1 adult 3 children | $997 | $869 | $1,084 | $1,056 | $934 |
| 2 adults 2 children | $745 | $871 | $1,261 | $916 | $801 |
| 1 adult 2 children | $745 | $651 | $857 | $916 | $714 |
| 2 adults 1 child | $745 | $689 | $1,034 | $461 | $757 |
| 1 adult 1 child | $745 | $445 | $630 | $461 | $630 |
| 2 adults | $616 | $553 | $808 | $0 | $665 |
| 1 adult | $538 | $302 | $404 | $0 | $526 |
Safety trends & Data
Trimble County, Kentucky showcases a relatively low but stable property crime rate over the past four years, with a notable spike in burglary in 2020 with five recorded cases. Larceny-theft has remained consistently low at one case per year, while lesser-reported crimes such as arson, forgery, and fraud appear sporadically. This crime environment may offer an appealing view for potential investors, property developers, and residents who prioritize... Read more
Property Crime Trends in Trimble County, KY Over the Last 4 Years
Trimble County, Kentucky has shown a relatively low incidence of property crimes over the past four years, with notable spikes in certain types such as burglary in 2020 with 5 recorded cases. Larceny-theft remained consistently low at 1 case per year. Lesser-reported crimes like arson, forgery, and fraud are sporadic but present. These trends may indicate an overall stable but watchful property crime environment that could be valuable for potential investors, property developers, or local residents to monitor.
Demographics
Trimble County, Kentucky, has a nearly balanced gender distribution with only a slight female majority. The county sees a population that skews older, with a significant portion aged 55 and up. Educational attainment levels reveal that a large segment are high school graduates, but a noticeable portion of adults haven't completed high school. Racially, the area remains predominantly White, with very minimal representation from other racial... Read more
Race Distribution in Trimble County, Kentucky (2022)
Educational Attainment in Trimble County, Kentucky (2022)
Age Distribution in Trimble County, Kentucky
Citizen Population in Trimble County, Kentucky (2022)
Political Trends & Data
Trimble County, Kentucky, appears to have shown a pronounced preference for Republican candidates in the 2020 U.S. Presidential Election, possibly giving them about 75% of the vote. Democrats seemed to garner around 23%, pointing to a notable political divide. While Libertarians captured approximately 1.4%, other third-party candidates struggled to gain traction. This voting trend could imply a dominant Republican influence in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Trimble County, Kentucky leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans possibly securing around 75% of the vote. Democrats appeared to manage approximately 23%, indicating a significant gap between the two major parties. Third-party candidates showed minimal impact, with Libertarians receiving roughly 1.4% and other parties barely making a dent. This voting pattern might suggest a strong Republican base in the area.
74.72% of voters voted for the Republican party in the 2020 Presidential Election
23.43% of voters voted for the Democrat party in the 2020 Presidential Election
1.39% of voters voted for the Livertarian party in the 2020 Presidential Election
0.46% of voters voted for the Other party in the 2020 Presidential Election
School Data
Trimble County, Kentucky, has seen its student-to-teacher ratio fluctuate significantly over the past decade, with a notable peak of nineteen in 2018 dropping sharply to below ten in 2020 and beyond, against a national average of fourteen. These shifts could imply variability in educational resources, which might impact property values, community desirability, and local education quality. Investors and prospective residents might consider these trends when evaluating the... Read more
Student-to-teacher ratio in Trimble County, Kentucky over the last 10 years
Trimble County, Kentucky, has seen significant fluctuations in its student-to-teacher ratio over the past decade, starting from a high of around fifteen students per teacher in 2014 and peaking at nineteen in 2018. Notably, the ratio sharply dropped to around eleven by 2019 and continued to decrease, even below ten students per teacher in 2020 and subsequent years. With the current national average at fourteen students per teacher, Trimble County has experienced periods of both over and under this benchmark, which could indicate changes in school funding, enrollment numbers, or staffing levels. For investors, real estate agents, or anyone considering moving to the area, such trends could imply variability in educational resources and class sizes, potentially affecting property values, community desirability, and local education quality.
