Warren County Real Estate and Livability Trends
Warren County, Kentucky's real estate market has been shaped by rising median home values, hitting $227,300 in 2022, and significant increases in real estate taxes, jumping to $3,428.47 by 2021. With fluctuating residential energy tax credits, peaking at $1,800.00 in 2018, it's clear there's an inconsistent yet notable interest in energy-efficient home improvements. While mortgage activity for... Read more
Warren County Market Trends
Warren County, Kentucky has seen a significant increase in median home values, jumping to $227,300 by 2022, outpacing both state and national averages. Residential energy tax credits have shown dramatic fluctuations, peaking at $1,800.00 in 2018, hinting at varying levels of investment in energy-efficient home improvements. Average real estate taxes have surged from $1,786.44 in 2012 to $3,428.47... Read more
Median Value of Occupied Housing Units in Warren County, Kentucky Over the Last 8 Years
Warren County, Kentucky has seen a substantial increase in median home values over the past eight years, culminating in $227,300 by 2022. This rise outpaces both state-wide trends in Kentucky and the national average, where median values reached $177,000 and $179,400 respectively in 2022. For those considering real estate investments, this indicates that Warren County might offer higher appreciation rates compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Warren County, KY Over the Last 9 Years
Warren County, Kentucky has experienced notable fluctuations in residential energy tax credits over the past nine years. After a steady increase from $295.74 in 2013 to $451.72 in 2017, there was a sharp spike to $1,800.00 in 2018. This was followed by a drop to $609.09 in 2019 and further adjustments, settling at $806.52 in 2021. This trend might indicate varying levels of investment in energy-efficient home improvements and potentially suggest evolving local incentives or homeowner awareness. For potential investors, builders, and real estate agents, these fluctuations could reflect growing interest or changing policies that might impact property values and investment strategies.
Average Real Estate Taxes Per Tax Return in Warren County, KY Over the Last 10 Years
Over the past decade, Warren County, Kentucky has experienced a steady increase in average real estate taxes per tax return, with noticeable jumps particularly from 2017 onward. Taxes rose from approximately $1,786.44 in 2012 to $3,428.47 in 2021. This significant rise, especially the leap around 2018, is essential for potential investors, property developers, and real estate agents to consider, as it may impact property valuation and overall investment costs. While current residents and prospective movers should account for these increases, insurance agents and appraisers might use this data to adjust their projections accurately.
Percentage of Farm Returns in Warren County, KY Over the Last 10 Years
The percentage of farm tax returns in Warren County, Kentucky has been gradually decreasing over the past decade, from about 3.97% in 2012 to 2.88% in 2021. This downward trend in farm returns might suggest shifts in the local economy, investment opportunities, and possibly a move away from agricultural businesses. For investors or those looking to move to Warren County, understanding this trend could be crucial for making informed decisions about property investments and economic activities in this area. Farm tax returns typically reflect income earned from farming, and changes in these percentages can provide insights into the health and viability of the agricultural sector in the county.
Number of Mortgages by Occupancy Type in Warren County, KY Over the Last 5 Years in Warren County
Warren County, Kentucky has seen a dominant number of mortgages for Principal Residences over the past five years, with a noticeable peak in 2021. Investment properties have remained fairly steady, showing only slight fluctuations year to year. Second Residences lag far behind both categories and have shown minimal growth. These trends suggest that Warren County is primarily a residential area, which might indicate stable demand for family housing and could be a sign of a growing local community. This could be crucial for investors seeking stable rental income and for real estate agents focusing on residential properties. Builders might also find more opportunities in developing single-family homes rather than targeting the more volatile Second Residence market. Appraisers and insurance agents should note the relatively low activity in the Second Residence segment, potentially implying lower risk but also lower returns.
Economic Outlook
Warren County, Kentucky has experienced a steady increase in average taxable income per tax return, peaking at $70,156.30 in 2021, signaling potential economic growth and investment opportunities. State and local income taxes per tax return have more than doubled over the last decade, reaching $15,131.76 in 2021, which might indicate both increasing prosperity and a growing tax burden. The total tax liability per tax return has also risen, with the most notable increase in 2021, suggesting... Read more
Average Taxable Income per Tax Return in Warren County, KY over the last 9 years
Over the last nine years, the average taxable income per tax return in Warren County, Kentucky has shown a gradual rise with notable consistency, albeit with a significant jump in 2021 to $70,156.30. This increase suggests strengthening economic conditions, potentially making the county more attractive for investors, homebuyers, real estate agents, and appraisers. Overall, income growth in this region could indicate a thriving local economy and opportunities for both real estate development and personal financial growth.
Average State and Local Income Taxes Per Tax Return in Warren County, KY Over the Last 10 Years
Warren County, Kentucky has seen a noticeable increase in state and local income taxes per tax return over the last decade. Starting at $7,084.63 in 2012, the average amount has progressively climbed, reaching $15,131.76 in 2021. Particularly significant jumps occurred around 2018 when the figure almost doubled to $12,719.51 from the previous range. For those looking to invest or relocate, this trend might suggest rising regional prosperity, but it could also indicate a growing tax burden that should be factored into financial planning.
Average Total Tax Liability Per Tax Return in Warren County, KY Over the Last 10 Years
Warren County, Kentucky, has seen a notable upward trend in the average total tax liability per tax return over the past decade. From 2012 to 2021, the average tax liability rose from $8,028.07 to $11,735.46, with a significant jump in 2021. This could suggest increasing incomes or changes in tax policy. For those considering investing, moving to, or building property in Warren County, it's crucial to take into account the growing tax burden, as it may impact the economic landscape and cost of living in the region.
Cost of Living in Warren County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,188 | $1,404 | $1,857 | $1,357 | $1,297 |
| 1 adult 4 children | $1,188 | $1,146 | $1,420 | $1,357 | $1,377 |
| 2 adults 3 children | $1,188 | $1,147 | $1,612 | $1,357 | $1,072 |
| 1 adult 3 children | $1,188 | $936 | $1,174 | $1,357 | $1,110 |
| 2 adults 2 children | $949 | $939 | $1,366 | $1,191 | $921 |
| 1 adult 2 children | $949 | $701 | $929 | $1,191 | $859 |
| 2 adults 1 child | $949 | $742 | $1,121 | $653 | $850 |
| 1 adult 1 child | $949 | $479 | $683 | $653 | $718 |
| 2 adults | $798 | $596 | $875 | $0 | $704 |
| 1 adult | $744 | $325 | $438 | $0 | $592 |
Safety trends & Data
In Warren County, Kentucky, property crime has generally decreased over the past five years, with larceny-theft dropping from 747.00 cases in 2018 to 222.00 in 2022. Burglary and forgery cases have also gone down, hinting at better security and law enforcement. Yet, irregular trends in motor vehicle theft and fraud reveal areas needing improvement. These patterns are noteworthy for investors, real estate agents, and residents evaluating safety and risk in property... Read more
Property Crime Trends in Warren County, KY Over the Last 5 Years
Warren County, Kentucky has witnessed a significant decline in property crime over the past five years. Larceny-theft, which consistently had the highest occurrences, dipped from 747.00 cases in 2018 to 222.00 in 2022. Burglary and forgery also saw notable reductions, suggesting improving security and possibly enhanced law enforcement efforts. However, fluctuations in categories like motor vehicle theft and fraud indicate areas that may still require attention. These trends could be relevant for potential investors, real estate agents, and residents seeking a safer environment or understanding risk while assessing property-related decisions.
Demographics
Warren County, Kentucky's adult population skews slightly female, with approximately 4,000 more women than men. Educational attainment shows a significant number of high school graduates and individuals with some college experience but no degree. Age distribution indicates a youthful demographic, with many residents under 35 years old. Racial diversity, while predominantly White, includes notable Black or African American and Asian... Read more
Race Distribution in Warren County, Kentucky (2022)
Educational Attainment in Warren County, Kentucky (2022)
Age Distribution in Warren County, Kentucky
Citizen Population in Warren County, Kentucky (2022)
Political Trends & Data
Warren County, Kentucky, tends to favor Republican candidates, as evidenced by the 57% of votes cast for the party in the 2020 U.S. Presidential Election. Democratic candidates garnered about 41% of the vote, with third-party options barely making a dent. This suggests a strong two-party system with limited influence from smaller political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Warren County, Kentucky, appears to lean Republican with approximately 57% of the vote in the 2020 U.S. Presidential Election. Democratic support was somewhat lower at around 41%, while third-party candidates, including Libertarians, collectively made up a minor share of the total. This indicates a predominantly two-party dynamic, with minimal impact from other political affiliations.
57.43% of voters voted for the Republican party in the 2020 Presidential Election
40.61% of voters voted for the Democrat party in the 2020 Presidential Election
1.49% of voters voted for the Livertarian party in the 2020 Presidential Election
0.47% of voters voted for the Other party in the 2020 Presidential Election
School Data
Warren County, Kentucky's student-to-teacher ratio fluctuating between 17 students per teacher in 2020 and about 14 by 2023 offers a glimpse into shifting educational investments and resource distributions. This trend matter to investors, real estate agents, and families because it impacts property values, school funding, and educational quality. Appraisers and insurance agents can leverage this data to gauge community growth and stability, essential for accurate property assessments and risk... Read more
Student-to-teacher ratio in Warren County, Kentucky over the last 10 years
Warren County, Kentucky has seen fluctuations in its student-to-teacher ratio over the past decade, peaking significantly at 17 students per teacher in 2020 before dropping to around 14 by 2023. While generally close to the national average of 14 students per teacher, variations could hint at changing educational investments and resources within the county. Understanding these changes is crucial for investors, real estate agents, and families considering moving to the area, as they can impact property values, school funding, and educational quality. For appraisers and insurance agents, this data offers insights into the community's potential growth and stability, crucial for accurate assessments and risk evaluations.
