Webster County Real Estate and Livability Trends
Webster County, Kentucky's housing market shows considerable affordability with home values peaking at $86,700 in 2022, compared to state and national medians. The area's tax incentives, such as energy-efficient home improvements receiving up to $650.00 in tax credits in 2019, enhance its appeal. However, rising real estate taxes, hitting $2,400.00 in 2021, could indicate increasing fiscal... Read more
Webster County Market Trends
Webster County, Kentucky's housing market offers potential affordability compared to state and national medians, with home values peaking at $86,700 in 2022. The area's variable residential energy tax credits, with highs like $650.00 in 2019, suggest appealing tax incentives for energy-efficient home improvements. Meanwhile, rising real estate taxes—reaching $2,400.00 in 2021—might signify... Read more
Median Value of Occupied Housing Units in Webster County, Kentucky Over the Last 8 Years
Webster County, Kentucky has seen varied trends in median home values over the past eight years, beginning at $74,600 in 2015 and peaking at $86,700 in 2022. Compared to Kentucky's statewide median of $177,000 in 2022 and the national median of $179,400, Webster County's housing market may present more affordable investment opportunities. This gap signals a potentially lucrative area for developers and investors targeting entry-level or budget-conscious homebuyers. Those looking to move here might also find more competitive pricing, while current residents may see increasing home equity.
Residential Energy Tax Credit Per Tax Return in Webster County, KY Over the Last 8 Years
Webster County, Kentucky shows fluctuating trends in residential energy tax credits per tax return over the past eight years, with notable spikes in 2016 at $525.00 and 2019 at $650.00. This variability suggests that investing in energy-efficient home improvements could result in significant tax savings, potentially making the area an attractive option for homeowners focused on sustainability. Real estate agents might leverage this data to highlight energy-efficiency incentives when marketing properties, while appraisers and insurance agents could consider these trends when evaluating long-term property values and risk assessments.
Average Real Estate Taxes Per Tax Return in Webster County, KY Over the Last 10 Years
Over the last decade, Webster County, Kentucky has experienced a notable increase in average real estate taxes per tax return. From a low of approximately $1,234.88 in 2013, taxes have surged, peaking at $2,400.00 in 2021. Despite some fluctuations, such as a dip to $2,200.00 in 2020, the trend indicates a steady rise in property tax burdens. This trend may be of particular interest to investors, real estate agents, and potential homeowners considering the potential for increasing expenses in the region.
Percentage of Farm Returns in Webster County, KY Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Webster County, Kentucky, fluctuated slightly with a general downward trend, peaking around 7.09% in 2014 and hitting a low of approximately 6.07% in 2020. Farm tax returns, which are typically filed by those generating income from agricultural activities, could serve as one indicator of the health and presence of the farming sector in the county. Understanding these trends is valuable for investors, potential residents, and developers looking to gauge the agricultural economic activities and viability in Webster County, Kentucky.
Number of Mortgages by Occupancy Type in Webster County, KY Over the Last 5 Years in Webster County
The data from Webster County, Kentucky indicates fluctuations in the number of new mortgages across different occupancy types over the last five years, with principal residences seeing the highest volumes and some variability in investment properties and second residences. In 2021, principal residences peaked at 463, suggesting strong market activity potentially driven by favorable buying conditions or economic factors. By understanding these shifts, investors, real estate agents, and builders could pinpoint more lucrative opportunities, while appraisers and insurance agents can better assess risk and property value fluctuations. Recognizing the rise or fall in investment properties, for instance, could indicate shifting investor confidence or changing rental market dynamics. For anyone moving to the area, these trends may reflect underlying economic health and community stability.
Economic Outlook
Webster County, Kentucky has seen the average taxable income per tax return peak at $56,602.10 in 2021, with significant growth from 2018 to 2021 hinting at emerging economic stability. State and local income taxes have also surged, hitting $11,920.00 in 2021, which could signal robust economic changes or policy effects. The average total tax liability per tax return has fluctuated, with notable dips in 2015 and 2018 but a rebound to $7,261.37 in 2021. These trends may suggest shifting economic... Read more
Average Taxable Income per Tax Return in Webster County, KY over the last 9 years
The average taxable income per tax return in Webster County, Kentucky has fluctuated modestly over the past nine years, peaking at $56,602.10 in 2021. Periods of noticeable growth, particularly between 2018 to 2021, suggest emerging economic stability, which could be inviting for potential investors, developers, and real estate professionals. This trend might indicate improved financial health among residents, potentially influencing property values, risk assessments for insurers, and overall community attractiveness. However, the dips in years like 2015 and 2016 indicate the need for a cautious approach.
Average State and Local Income Taxes Per Tax Return in Webster County, KY Over the Last 10 Years
Webster County, Kentucky has experienced notable fluctuations in state and local income taxes per tax return over the past decade. From $5,811.11 in 2012, taxes steadily increased, peaking sharply at $11,920.00 in 2021. This significant rise might pique the interest of potential investors or residents, suggesting robust economic changes or policy impacts. While 2018 showed a noticeable spike to $9,071.43, the general upward trend could be seen as a marker of evolving fiscal conditions in the county.
Average Total Tax Liability Per Tax Return in Webster County, KY Over the Last 10 Years
Webster County, Kentucky has experienced fluctuations in average total tax liability per tax return over the past decade. While amounts hovered around $6,900.00 in 2012, a notable increase occurred in 2013 and 2014, peaking at $7,357.61. A marked dip to $6,672.22 in 2015 and subsequent declines highlight a trend towards variability, bottoming out at $5,918.53 in 2018. Recent years suggest a rebound, with 2021 figures reaching $7,261.37. These swings may indicate potential economic shifts or policy impacts, relevant for investors and residents evaluating the fiscal landscape.
Cost of Living in Webster County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $905 | $1,283 | $1,721 | $1,012 | $1,007 |
| 1 adult 4 children | $905 | $1,048 | $1,315 | $1,012 | $1,038 |
| 2 adults 3 children | $905 | $1,048 | $1,493 | $1,012 | $823 |
| 1 adult 3 children | $905 | $856 | $1,088 | $1,012 | $817 |
| 2 adults 2 children | $742 | $858 | $1,266 | $878 | $752 |
| 1 adult 2 children | $742 | $641 | $860 | $878 | $655 |
| 2 adults 1 child | $742 | $678 | $1,038 | $442 | $716 |
| 1 adult 1 child | $742 | $438 | $633 | $442 | $597 |
| 2 adults | $564 | $545 | $811 | $0 | $620 |
| 1 adult | $538 | $297 | $405 | $0 | $528 |
Safety trends & Data
Webster County, Kentucky has seen significant changes in property crime over the past five years. Burglary incidents increased dramatically from 2.0 cases in 2018 to 11.0 in 2022. Larceny-theft also rose from 1.0 case in 2018 to 7.0 in 2022, with a notable peak in possession of stolen property in 2021 at 5.0 cases. This might prompt investors and property developers to boost security measures, while insurance agents may reconsider their risk evaluations. Understanding these trends could be... Read more
Property Crime Trends in Webster County, KY Over the Last 5 Years
Webster County, Kentucky has experienced some notable fluctuations in property crimes over the past five years. Burglary incidents sharply rose from 2.0 cases in 2018 to 11.0 in 2022, while larceny-theft also saw an uptick, increasing from 1.0 case in 2018 to 7.0 in 2022. Interestingly, the year 2021 recorded a peak in incidents of possession of stolen property at 5.0 cases. This dynamic might be a signal for potential investors or property developers to consider security enhancements, while insurance agents may need to adjust their risk assessments and policies accordingly. Real estate agents and residents could also find value in understanding these trends for better neighborhood assessments and personal safety planning.
Demographics
Webster County, Kentucky's adult population skews slightly male. The county shows a significant portion of residents holding at least a high school diploma, with high school graduates making up the largest educational group. Age-wise, the population is fairly distributed with a notable concentration in the 25 to 34 and 55 to 64 age bands. Racially, the area is predominantly White, while other racial groups form smaller percentages of the... Read more
Race Distribution in Webster County, Kentucky (2022)
Educational Attainment in Webster County, Kentucky (2022)
Age Distribution in Webster County, Kentucky
Citizen Population in Webster County, Kentucky (2022)
Political Trends & Data
Webster County, Kentucky, displays a clear preference for Republican candidates, as evidenced by the 75% vote share for the GOP in the 2020 Presidential Election. Democrats trailed significantly at about 24%, and Libertarians barely made a mark with roughly 1%. The near absence of votes for the Green Party and other affiliations, totaling less than 0.5%, emphasizes the county's limited political diversity. This strong leaning might influence local policy decisions and community initiatives,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Webster County, Kentucky, leaned strongly Republican in the 2020 U.S. Presidential Election, with roughly 75% of the vote favoring the GOP. Democrats garnered nearly 24%, while Libertarians saw a minimal presence at about 1%. Notably, the Green Party and other affiliations hardly registered, together making up less than 0.5%. This distribution suggests Webster County is a solidly Republican area with limited political diversity in voting preferences.
75.21% of voters voted for the Republican party in the 2020 Presidential Election
23.57% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Webster County, Kentucky has been higher than the national average of fourteen students per teacher, peaking at more than nineteen from 2016 to 2018 and improving to about seventeen in 2023. This could suggest larger class sizes, possibly impacting individualized student attention and resources. Real estate agents or appraisers may find this valuable when advising clients on the area's educational environment, while insurance agents and property developers might... Read more
Student-to-teacher ratio in Webster County, Kentucky over the last 10 years
The student-to-teacher ratio in Webster County, Kentucky has been consistently higher than the national average of fourteen students per teacher over the past decade, peaking at more than nineteen students per teacher from 2016 to 2018. Though there has been a slight improvement in recent years, with the ratio dropping to approximately seventeen in 2023, this still indicates larger class sizes compared to the rest of the country. For potential investors or families considering a move to Webster County, this trend could suggest challenges in individualized student attention and resources. Real estate agents and appraisers might find this information useful when advising clients on the area's educational environment. At the same time, insurance agents and property developers should be aware that communities may seek to address these educational challenges, potentially influencing community planning and investment priorities in the local education infrastructure.
