Floyd County Real Estate and Livability Trends
Floyd County, Kentucky has experienced a modest rise in median home values from $70,600 in 2015 to $89,900 in 2022, though it lags behind broader market trends. This, coupled with a notable increase in real estate taxes from $1657.23 in 2012 to $3542.11 in 2021, hints at rising property valuations or tax rates. There's a growing focus on energy efficiency, as residential energy tax credits more... Read more
Floyd County Market Trends
Floyd County, Kentucky's housing market has seen a moderate increase in median home values over the past eight years, climbing from $70,600 in 2015 to $89,900 in 2022, though it lags behind state and national trends. Residential energy tax credits claimed per tax return have more than doubled from $279.17 in 2013 to $620.00 in 2021, indicating a growing focus on energy efficiency that could boost... Read more
Median Value of Occupied Housing Units in Floyd County, Kentucky Over the Last 8 Years
Floyd County, Kentucky's housing market experienced varied growth over the past eight years with the median value rising from $70,600 in 2015 to $89,900 in 2022. While Kentucky's overall median home values also saw an uptick during this period, climbing from $123,200 to $177,000, Floyd County's growth trajectory was less steep. Nationally, median home values escalated from $125,500 to $179,400, indicating that Floyd County's housing market lagged behind both state and national trends. Buyers and investors may find opportunities here, given the relatively lower entry price compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Floyd County, KY Over the Last 8 Years
Over the last eight years, Floyd County, Kentucky has seen a notable increase in residential energy tax credits claimed per tax return. Starting at $279.17 in 2013, the average amount has more than doubled by 2021, reaching $620.00. This rising trend, particularly the significant jumps observed in 2019 and 2021, suggests growing investments in residential energy improvements. For potential investors, builders, and real estate agents, this pattern could indicate an increasing local commitment to energy efficiency, which might boost property values or signal potential for further development in energy-saving technologies. On the flip side, insurance agents and appraisers might need to adjust their valuation methods to incorporate the impact of such energy-efficient enhancements.
Average Real Estate Taxes Per Tax Return in Floyd County, KY Over the Last 10 Years
Over the past decade in Floyd County, Kentucky, real estate taxes per tax return have seen a significant uptick, rising from approximately $1657.23 in 2012 to around $3542.11 in 2021. This trend suggests a steadily increasing valuation of property or an upward adjustment in tax rates. For investors, this could indicate a potentially appreciating market, while insurance agents and appraisers might need to account for these higher property values. For prospective homebuyers or current residents, it's a prompt to consider the evolving financial landscape and its impact on housing costs.
Percentage of Farm Returns in Floyd County, KY Over the Last 10 Years
In Floyd County, Kentucky, the percentage of farm tax returns has experienced slight fluctuations over the last decade, starting at approximately 0.73% in 2012 and slightly decreasing to around 0.52% in 2021. Farm tax returns show what proportion of the area's economic activity is driven by agriculture. For potential investors, property developers, and new residents, this could suggest a relatively stable but limited involvement in farming within the local economy. Understanding these trends helps gauge the viability and growth of agricultural investment in Floyd County.
Number of Mortgages by Occupancy Type in Floyd County, KY Over the Last 5 Years in Floyd County
Floyd County, Kentucky shows fluctuating trends in mortgage counts over the past five years. Principal residences consistently dominate the market, but the spike in 2020 likely reflects broader economic conditions or shifts in housing preferences. Investment properties and second residences maintain a smaller, more stable presence, suggesting limited appeal or focus in those areas. These dynamics can signal to investors the primary market segment, hint at potential returns, and help adjust risk assessments. Real estate agents and appraisers might interpret these trends to guide strategic decisions, while insurance agents could see varying risk profiles based on occupancy type. Understanding these shifts provides a clearer picture for anyone looking to engage with the local real estate scene.
Economic Outlook
Floyd County, Kentucky has seen an overall upward trend in average taxable income per tax return over the past nine years, starting at roughly $42,016.78 in 2013 and reaching about $47,948.42 by 2021. This could hint at increasing economic stability or earning potential, advantageous for real estate investments and long-term planning. Meanwhile, average state and local income taxes have significantly increased, peaking at $11,194.74 in 2020 before slightly leveling off to $10,795.00 by 2021,... Read more
Average Taxable Income per Tax Return in Floyd County, KY over the last 9 years
Floyd County, Kentucky has experienced a fluctuating yet overall upward trend in average taxable income per tax return over the past nine years. Starting at approximately $42,016.78 in 2013 and peaking at roughly $47,948.42 by 2021, these figures could indicate a gradual economic improvement or increased earning potential for residents. For real estate agents, investors, and those considering moving to the area, this trend might suggest a rising economic stability, which could be attractive for long-term financial planning and property investments. Appraisers and insurance agents might also find this data useful for adjusting assessments and premiums accordingly.
Average State and Local Income Taxes Per Tax Return in Floyd County, KY Over the Last 10 Years
In Floyd County, Kentucky, there's been a notable increase in average state and local income taxes per tax return over the past decade. Starting at $6,506.59 in 2012, the figures climbed significantly, peaking at $11,194.74 in 2020 before slightly leveling off to $10,795.00 in 2021. This trend suggests a rising tax burden, which is a crucial factor for potential investors, residents, and property developers to consider when planning long-term commitments or financial strategies in the area.
Average Total Tax Liability Per Tax Return in Floyd County, KY Over the Last 10 Years
Floyd County, Kentucky has seen fluctuations in the average total tax liability per tax return over the past decade, with values generally hovering around the $6,000 mark. The highest recorded liability was in 2014 at approximately $6,383.07, while the lowest was in 2018 at around $5,889.02. Interestingly, recent years have shown a rebound, with 2021 liabilities nearing early decade levels at roughly $6,344.93. These trends may suggest subtle changes in the economic landscape and resident earnings, which could be of particular interest to potential investors and new residents assessing financial obligations and economic stability.
Cost of Living in Floyd County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $925 | $1,383 | $1,722 | $1,113 | $1,051 |
| 1 adult 4 children | $925 | $1,130 | $1,317 | $1,113 | $1,080 |
| 2 adults 3 children | $925 | $1,130 | $1,495 | $1,113 | $852 |
| 1 adult 3 children | $925 | $923 | $1,089 | $1,113 | $847 |
| 2 adults 2 children | $760 | $925 | $1,267 | $967 | $771 |
| 1 adult 2 children | $760 | $691 | $861 | $967 | $669 |
| 2 adults 1 child | $760 | $731 | $1,039 | $493 | $720 |
| 1 adult 1 child | $760 | $472 | $633 | $493 | $592 |
| 2 adults | $577 | $587 | $811 | $0 | $606 |
| 1 adult | $551 | $320 | $406 | $0 | $507 |
Safety trends & Data
Property crime trends in Floyd County, Kentucky, over the past five years reveal fluctuating patterns. Burglary incidents peaked in 2021 with 10 cases but slightly decreased to 9 in 2022. Larceny-theft has remained somewhat stable, ranging from 12 to 17 cases annually but declined from its highest point in 2021. Motor vehicle theft has shown inconsistency, with 6 cases in 2021 dropping to just 1 case in 2022. Forgery and counterfeiting incidents saw a significant drop from 2018 to 2022. These... Read more
Property Crime Trends in Floyd County, KY Over the Last 5 Years
Property crime trends in Floyd County, Kentucky over the past five years reveal some fluctuating yet notable patterns. Burglary incidents peaked in 2021 with 10 cases but showed a decrease in 2022 to 9 cases. Larceny-theft has been relatively stable, ranging from 12 to 17 cases annually, but saw a slight decline from its highest point in 2021. Motor vehicle theft displayed inconsistency, with the highest being 6 cases in 2021 and the lowest in 2022 at just 1 case. Forgery and counterfeiting incidents dropped significantly from 2018 to 2022. This data should provide valuable insights for potential investors, property buyers, and insurance agents to assess risk and opportunities in Floyd County.
Demographics
In Floyd County, Kentucky, the adult population leans slightly more female, with 14,354 women compared to 13,379 men. Educational attainment shows a significant portion of the population, 9,887 people, only achieving a high school diploma or equivalent, while higher education degrees are less common, with just 1,906 holding a bachelor's and 1,381 possessing a graduate or professional degree. The age distribution hints at a largely middle-aged population, with the highest numbers in the 45 to 54... Read more
Race Distribution in Floyd County, Kentucky (2022)
Educational Attainment in Floyd County, Kentucky (2022)
Age Distribution in Floyd County, Kentucky
Citizen Population in Floyd County, Kentucky (2022)
Political Trends & Data
Floyd County, Kentucky, consistently shows a significant preference for Republican candidates, with about 75% of votes, while Democrats capture roughly 24%. Third-party candidates receive less than 2% of the vote. This political landscape may influence local real estate trends, such as preferences for property types and community developments, aligning with conservative values and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Floyd County, Kentucky, shows a significant lean towards Republican candidates, with approximately 75% of the vote, compared to the roughly 24% for Democrats. Third-party options, including Libertarian and other minor parties, combined make up less than 2% of the overall vote. This distribution indicates a strong conservative preference among voters in this region.
74.92% of voters voted for the Republican party in the 2020 Presidential Election
23.75% of voters voted for the Democrat party in the 2020 Presidential Election
0.68% of voters voted for the Livertarian party in the 2020 Presidential Election
0.65% of voters voted for the Other party in the 2020 Presidential Election
School Data
Floyd County, Kentucky's student-to-teacher ratio has fluctuated over the past decade, starting around fifteen students per teacher in 2014 and decreasing to just under twelve by 2021, before rising slightly to nearly fourteen in 2023. Notably, between 2018 and 2023, the ratio dropped below the national average of fourteen students per teacher, potentially indicating changes in school funding or enrollment patterns. This trend could suggest educational advantages or challenges that might... Read more
Student-to-teacher ratio in Floyd County, Kentucky over the last 10 years
Over the past decade, Floyd County, Kentucky's student-to-teacher ratio has seen notable fluctuations. Starting from around fifteen students per teacher in 2014, the ratio decreased to just under twelve by 2021, before rising slightly again to nearly fourteen in 2023. Compared to the national average of fourteen students per teacher, Floyd County has generally maintained higher ratios, indicating potentially larger class sizes for several years. However, the drop to below the national average between 2018 and 2023 could suggest changes in school funding or enrollment patterns, which might interest prospective residents, investors, and local stakeholders in assessing educational advantages or challenges in the area.
