Whitley County Real Estate and Livability Trends
Whitley County, Kentucky’s median home values have surged over 46% from $77,900 in 2015 to $114,300 in 2022, presenting a notable opportunity for real estate investment despite its values still trailing behind state and national averages. Real estate taxes in the county have more than doubled from approximately $1,401.53 in 2012 to about $3,081.48 in 2021, which could significantly affect cost... Read more
Whitley County Market Trends
Whitley County, Kentucky’s median home values have surged over 46% from $77,900 in 2015 to $114,300 in 2022, presenting a notable opportunity for real estate investment despite its values still trailing behind state and national averages. Residential energy tax credits in the county have been volatile, with significant peaks and dips over the past eight years, suggesting fluctuating local... Read more
Median Value of Occupied Housing Units in Whitley County, Kentucky Over the Last 8 Years
Whitley County, Kentucky has seen a steady climb in median home values over the past eight years, growing from $77,900 in 2015 to $114,300 in 2022. This represents a more than 46% increase, highlighting potential for real estate investment. In comparison, the median home value across Kentucky rose from $123,200 to $177,000 over the same period, and nationally, values surged from $125,500 to $179,400. While Whitley County's growth is substantial, its median home value remains significantly below state and national averages, indicating more affordable opportunities for buyers and investors.
Residential Energy Tax Credit Per Tax Return in Whitley County, KY Over the Last 8 Years
Residential energy tax credits in Whitley County, Kentucky have shown noticeable fluctuations over the past eight years. The average credit per tax return climbed significantly from $257.58 in 2014 to $416.67 in 2015, then dipped and spiked again in 2021 to $424.00. This volatility might indicate changing local adoption rates of energy-efficient improvements, which could be of interest to potential investors, homeowners, and real estate professionals. Such trends might suggest periods of increased community awareness or incentives that could influence property valuations and insurance assessments accordingly.
Average Real Estate Taxes Per Tax Return in Whitley County, KY Over the Last 10 Years
Over the past decade, Whitley County, Kentucky has seen a notable increase in average real estate taxes per tax return, rising from approximately $1,401.53 in 2012 to around $3,081.48 in 2021. The most significant uptick occurred between 2017 and 2018, with taxes jumping from $1,734.29 to $2,696.97. This trend may be of particular interest to those looking to invest or build property in the area, as escalating tax rates could impact cost calculations and long-term financial planning. Likewise, real estate agents and insurance agents should be aware of these changes to better advise clients on potential expenses.
Percentage of Farm Returns in Whitley County, KY Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Whitley County, Kentucky has shown a marginal fluctuation, oscillating between roughly 3.15% to 3.63%. Farm tax returns in this context pertain to filings by local agricultural businesses, which could offer insights into the economic health and viability of farming in the region. These data points could suggest the stability and potential growth of the agricultural sector, possibly influencing decisions for individuals or businesses considering investments in local farmland or agricultural ventures. The consistent presence of farm tax returns may hint at a steady interest in farming, which might be a key consideration for those looking to build property or engage in farming activities in Whitley County, Kentucky.
Number of Mortgages by Occupancy Type in Whitley County, KY Over the Last 5 Years in Whitley County
Over the past five years in Whitley County, Kentucky, the number of mortgages for principal residences has notably increased, with a peak in 2021 at 1,585 compared to 1,080 in 2018. Second residences saw minor growth, while investment property mortgages have experienced a slight decline. These shifts can provide clues about market trends, indicating a robust demand for primary homes, which may drive property values up and affect inventory levels. Less demand for investment properties could hint at lower expected rental yields, influencing investor interest and insurance rates. For builders and real estate agents, recognizing these trends assists in aligning their strategies with emerging local needs and opportunities.
Economic Outlook
Over the past nine years, Whitley County, Kentucky has seen a gradual increase in average taxable income per tax return, starting from approximately $39,521.46 in 2013 to around $49,119.23 in 2021. This upward trend, especially the notable uptick in 2021, could signal growing economic opportunities in the area. Average state and local income taxes per tax return have almost doubled, from $5,767.71 in 2012 to $11,840.63 by 2021, indicating increased economic activity or shifts in tax policies.... Read more
Average Taxable Income per Tax Return in Whitley County, KY over the last 9 years
Over the past nine years, Whitley County, Kentucky has seen a gradual increase in average taxable income per tax return, starting from approximately $39,521.46 in 2013 to around $49,119.23 in 2021. This upward trend, especially the notable uptick in 2021, could signal growing economic opportunities in the area. Although there was a slight dip in 2020, the general trajectory suggests improving financial conditions, which might interest potential investors, property developers, and real estate professionals considering the area’s economic potential.
Average State and Local Income Taxes Per Tax Return in Whitley County, KY Over the Last 10 Years
Average state and local income taxes per tax return in Whitley County, Kentucky have shown a significant upward trend over the last decade, starting from $5,767.71 in 2012 and nearly doubling to $11,840.63 by 2021. This sharp rise, particularly noticeable from 2018 onwards, may point to increased economic activity or shifts in tax policies. Stakeholders might find these changes crucial for financial planning, investments, and understanding the evolving economic landscape of the county.
Average Total Tax Liability Per Tax Return in Whitley County, KY Over the Last 10 Years
Over the past decade, Whitley County, Kentucky has shown a general upward trend in average total tax liability per tax return, with notable fluctuations. The figures climbed from around $5,308 in 2012 to approximately $6,730 in 2021. Exceptions include a drop in 2018 to about $5,854 and a slight dip in 2020 to roughly $5,695. For potential investors, property builders, and new residents, this data hints at economic shifts and changes in taxpayer obligations, which could influence financial planning and investment strategies in the county.
Cost of Living in Whitley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $918 | $1,279 | $1,722 | $1,113 | $1,005 |
| 1 adult 4 children | $918 | $1,044 | $1,317 | $1,113 | $1,036 |
| 2 adults 3 children | $918 | $1,045 | $1,495 | $1,113 | $824 |
| 1 adult 3 children | $918 | $853 | $1,089 | $1,113 | $818 |
| 2 adults 2 children | $742 | $855 | $1,267 | $967 | $746 |
| 1 adult 2 children | $742 | $639 | $861 | $967 | $649 |
| 2 adults 1 child | $742 | $676 | $1,039 | $493 | $703 |
| 1 adult 1 child | $742 | $437 | $633 | $493 | $586 |
| 2 adults | $588 | $543 | $811 | $0 | $606 |
| 1 adult | $538 | $296 | $406 | $0 | $511 |
Safety trends & Data
Whitley County, Kentucky, has experienced fluctuating property crime rates over the past five years, particularly with consistently high larceny-theft cases, ranging from 16.0 to 35.0 arrests annually. Burglary incidents peaked at 21.0 in 2021 but generally hovered around 10.0 to 14.0 arrests. Fraud and forgery-counterfeiting crimes showed more variability but stayed below 13.0 arrests each year. These trends could be critical for potential investors, homebuyers, and real estate agents... Read more
Property Crime Trends in Whitley County, KY Over the Last 5 Years
Whitley County, Kentucky has seen fluctuating numbers in property crimes over the past five years. The most notable trend is the consistently high instances of larceny-theft, which have ranged from 16.0 to 35.0 arrests annually. Burglary incidents peaked at 21.0 in 2021 but generally hovered around 10.0 to 14.0 arrests. Fraud and forgery-counterfeiting crimes display more variability but didn't exceed 13.0 arrests in any given year. Since these trends highlight areas of recurring criminal activity, this data could be instrumental for potential investors, homebuyers, and real estate agents in assessing the security and general safety of the county.
Demographics
Whitley County, Kentucky shows a fairly balanced gender distribution, slightly favoring females. The educational landscape is diverse, with a notable portion of the population having completed high school, and another segment pursuing higher education degrees. Age distribution reveals a younger demographic skew, with a significant number of residents under 34 years. The racial makeup is predominantly white, with minimal representation from other racial groups, indicating limited racial... Read more
Race Distribution in Whitley County, Kentucky (2022)
Educational Attainment in Whitley County, Kentucky (2022)
Age Distribution in Whitley County, Kentucky
Citizen Population in Whitley County, Kentucky (2022)
Political Trends & Data
Whitley County, Kentucky, seems to be a Republican stronghold, as evidenced by around 82% of the votes in the 2020 U.S. Presidential Election favoring the Republican candidate. The Democratic party secured about 17%, with Libertarian support just over 1%. This political leaning could shape both local and state political strategies, potentially influencing budget allocations, real estate development, and public... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Whitley County, Kentucky, the 2020 U.S. Presidential Election results showed a significant leaning towards the Republican party, with approximately 82% of the votes. The Democratic party trailed with around 17%, and Libertarian support was minimal at just over 1%. This trend possibly indicates that Whitley County is a stronghold for Republican voters, potentially impacting local and state political strategies.
81.89% of voters voted for the Republican party in the 2020 Presidential Election
16.63% of voters voted for the Democrat party in the 2020 Presidential Election
1.15% of voters voted for the Livertarian party in the 2020 Presidential Election
0.33% of voters voted for the Other party in the 2020 Presidential Election
School Data
Whitley County, Kentucky has experienced some variability in its student-to-teacher ratio over the past decade, with significant fluctuations between 14 and 18 students per teacher. Currently, the ratio stands at about 15 students per teacher, slightly above the national average of 14. This trend is relevant for potential investors or new residents, as lower and more stable ratios often correlate with better educational outcomes. This data could be particularly useful for appraisers, insurance... Read more
Student-to-teacher ratio in Whitley County, Kentucky over the last 10 years
Whitley County, Kentucky has seen notable fluctuations in its student-to-teacher ratio over the past decade. While the 2015 ratio dipped to nearly 14 students per teacher, it spiked to almost 18 in 2016 before stabilizing around 14 to 15 students per teacher in subsequent years. The current ratio of about 15 students per teacher slightly exceeds the national average of 14, which might suggest larger class sizes compared to other areas. This variability can significantly influence decisions for those considering investing in or moving to the county, as stable and lower student-to-teacher ratios often correlate with better educational outcomes and community appeal. Appraisers, insurance agents, and real estate professionals could find this information particularly relevant when assessing property values and market conditions.
