Kenton County Real Estate and Livability Trends
Kenton County, Kentucky, has seen its median home values climb from $145,200 in 2015 to $207,700 in 2022, outpacing state and national trends. Real estate taxes almost doubled over the past decade, reaching $5,889.06 in 2021, possibly due to rising property values or revised tax policies. Despite some volatility, the area also benefited from energy tax credits, peaking in 2018 at $2,446.15, which... Read more
Kenton County Market Trends
Median home values in Kenton County, Kentucky have surged from $145,200 in 2015 to $207,700 in 2022, outpacing both state and national averages, signaling strong investment potential. Energy tax credits saw volatility, peaking in 2018 at $2,446.15, which could entice those interested in energy-efficient improvements. Real estate taxes almost doubled in the past decade, hitting $5,889.06 in 2021,... Read more
Median Value of Occupied Housing Units in Kenton County, Kentucky Over the Last 8 Years
Over the last eight years, median home values in Kenton County, Kentucky have increased from $145,200 in 2015 to $207,700 in 2022, reflecting a strong upward trend. This local appreciation outpaces both Kentucky's state median, which rose from $123,200 to $177,000, and the national median, which went from $125,500 to $179,400 during the same period. These gains suggest Kenton County might be a compelling option for investors and homebuyers looking for strong value growth compared to other regions.
Residential Energy Tax Credit Per Tax Return in Kenton County, KY Over the Last 9 Years
Residential energy tax credits in Kenton County, Kentucky have fluctuated significantly over the past nine years, peaking in 2018 at an average of $2446.15 per tax return. Following the peak, there was a noticeable decline, but values seem to stabilize, with the most recent figure for 2021 at $1090.91. This volatility might attract attention from investors and homeowners who are interested in leveraging tax credits for energy-efficient renovations. Those building or appraising properties might consider these trends when assessing potential return on investment or property value uplifts due to energy-efficient modifications.
Average Real Estate Taxes Per Tax Return in Kenton County, KY Over the Last 10 Years
Kenton County, Kentucky has experienced a significant rise in average real estate taxes per tax return over the past decade, nearly doubling from $2,844.76 in 2012 to $5,889.06 in 2021. The most notable hike occurred between 2017 and 2018, suggesting a possible shift in property values or tax policies. This steady upward trend may be of particular interest to real estate investors, appraisers, and insurance agents, as it potentially reflects an increase in property valuations or an adjustment in local tax regulations. Understanding these changes can help inform decisions about property investments and financial planning in the area.
Percentage of Farm Returns in Kenton County, KY Over the Last 10 Years
Kenton County, Kentucky has seen a steady decline in the percentage of farm tax returns over the past decade, dropping from roughly 0.82% in 2012 to around 0.65% in 2021. Farm tax returns indicate the number of tax filings from farm-related operations, serving as an economic indicator of agricultural activity. The gradual decrease might suggest a shift away from farming as a dominant commercial activity in the area, which could impact land use and property development opportunities. This trend is something to consider for those looking to invest, build, or move to Kenton County, as it may reflect broader economic shifts or changing priorities among local residents and businesses.
Number of Mortgages by Occupancy Type in Kenton County, KY Over the Last 5 Years in Kenton County
In Kenton County, Kentucky, the most significant mortgage activity over the last five years has been linked to principal residences, with numbers considerably higher than those for investment and second properties. A noticeable peak in mortgages for principal residences occurred in 2021, followed by a dip in 2022. Such fluctuations in occupancy type can impact demand for housing, real estate prices, and investment strategies. For investors, a steady interest in investment properties despite economic shifts might present reliable opportunities. Appraisers and insurance agents should consider these trends to accurately assess property values and risks. For those looking to build property or move to the area, understanding the dominant occupancy trends can inform better decision-making regarding location and property type. Real estate agents might find this data crucial for tailoring their services to meet market demand efficiently.
Economic Outlook
Kenton County, Kentucky has seen average taxable incomes per tax return trend upward over the last nine years, with notable spikes in 2018 at about $112,032.59 and in 2021 reaching around $96,075.71. Interestingly, the area has also experienced a significant rise in average state and local income taxes, growing from $7,607.34 in 2012 to $18,778.47 in 2021. Fluctuations in total tax liability, particularly with a peak in 2018 at $24,260.19, reflect changing economic policies, impacting potential... Read more
Average Taxable Income per Tax Return in Kenton County, KY over the last 9 years
Kenton County, Kentucky has generally seen fluctuating yet upward-trending average taxable incomes per tax return over the past nine years. Notably, there was a significant spike in 2018 reaching approximately $112,032.59. Following a dip in subsequent years, 2021 also shows a substantial increase to around $96,075.71. These trends could indicate periods of economic growth, possibly appealing to investors, real estate agents, and those considering moving to the area. However, the variability suggests the need for thorough analysis for risk-averse stakeholders like appraisers and insurance agents.
Average State and Local Income Taxes Per Tax Return in Kenton County, KY Over the Last 10 Years
Kenton County, Kentucky has experienced a notable increase in average state and local income taxes per tax return over the past decade, surging from $7,607.34 in 2012 to $18,778.47 in 2021. Sharp jumps, particularly between 2017 and 2019, hint at significant economic changes or policy shifts. This trend indicates a growing tax burden which could impact property investments and personal financial planning for current and prospective residents.
Average Total Tax Liability Per Tax Return in Kenton County, KY Over the Last 10 Years
In Kenton County, Kentucky, tax returns over the last decade show notable fluctuations in total tax liability. The most significant spike appears in 2018, with an average liability of $24,260.19, while 2014 and 2021 also experienced higher-than-average liabilities at $15,520.47 and $18,113.93, respectively. Investors and potential residents might find these trends important as they reflect changing economic conditions and policies in the area, potentially impacting future financial planning and residential desirability.
Cost of Living in Kenton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,379 | $1,395 | $2,189 | $1,438 | $1,558 |
| 1 adult 4 children | $1,379 | $1,140 | $1,676 | $1,438 | $1,614 |
| 2 adults 3 children | $1,379 | $1,140 | $1,898 | $1,438 | $1,283 |
| 1 adult 3 children | $1,379 | $931 | $1,385 | $1,438 | $1,349 |
| 2 adults 2 children | $1,030 | $933 | $1,608 | $1,268 | $1,044 |
| 1 adult 2 children | $1,030 | $697 | $1,095 | $1,268 | $1,000 |
| 2 adults 1 child | $1,030 | $738 | $1,317 | $717 | $956 |
| 1 adult 1 child | $1,030 | $476 | $804 | $717 | $801 |
| 2 adults | $790 | $593 | $1,026 | $0 | $747 |
| 1 adult | $689 | $323 | $513 | $0 | $578 |
Safety trends & Data
Kenton County, Kentucky has seen a promising drop in both burglary and larceny-theft incidents over the last five years, with burglary decreasing from 47 in 2018 to 25 in 2022, and larceny-theft falling from 189 to 67. Fraud-related crimes have also trended downward, from 94 in 2018 to 42 in 2022. However, vandalism incidents have increased, peaking at 71 in 2021 before settling at 66 in 2022. These crime trends might suggest a potentially safer environment for property investments, although... Read more
Property Crime Trends in Kenton County, KY Over the Last 5 Years
Kenton County, Kentucky has experienced a noticeable decrease in burglary and larceny-theft incidents over the past five years, with burglary dropping from 47 in 2018 to 25 in 2022, and larceny-theft falling from 189 to 67 in the same period. Fraud-related crimes have shown slight volatility but generally trend downward, moving from 94 in 2018 to 42 in 2022. Motor vehicle thefts have been relatively low but stable, reflecting only minor fluctuations. Vandalism incidents have seen an overall increase, peaking at 71 in 2021 before settling at 66 in 2022. For those interested in property investments or moving to the area, these trends might suggest a potentially safer environment, although vandalism remains an area of concern.
Demographics
Kenton County, Kentucky has a slightly higher female adult population compared to males. The majority of residents have achieved at least a high school diploma, with a significant number holding bachelor's degrees or higher, indicating potentially strong educational outcomes in the region. Age-wise, Kenton County's population is relatively well-distributed, but there is a higher concentration of residents between 25 to 34 years old. The racial composition predominantly consists of White... Read more
Race Distribution in Kenton County, Kentucky (2022)
Educational Attainment in Kenton County, Kentucky (2022)
Age Distribution in Kenton County, Kentucky
Citizen Population in Kenton County, Kentucky (2022)
Political Trends & Data
Kenton County, Kentucky, may exhibit a Republican leaning based on the 2020 U.S. Presidential Election, with around 59% of votes potentially favoring the GOP. This partisan distribution, with Democrats seemingly securing about 39%, indicates a preference for Republican policies while still allowing room for diverse political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Kenton County, Kentucky, may have leaned Republican in the 2020 U.S. Presidential Election, with nearly 59% of the votes potentially favoring the GOP. Democrats appeared to follow with approximately 39%, while Libertarians and other smaller parties garnered minimal support. This distribution could suggest a strong Republican inclination, albeit not an overwhelming one, allowing room for diverse political opinions within the county's electorate.
58.61% of voters voted for the Republican party in the 2020 Presidential Election
39.30% of voters voted for the Democrat party in the 2020 Presidential Election
1.66% of voters voted for the Livertarian party in the 2020 Presidential Election
0.44% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Kenton County, Kentucky, has declined from 17 in 2014 to just under 15 in 2023, nearing the national average of 14 students per teacher. This trend could signal improvements in educational quality, enhancing the county's appeal to families focused on education. For real estate agents and investors, this shift might indicate a rising attractiveness of the area, while appraisers and insurance agents could see implications for property valuations and demographic... Read more
Student-to-teacher ratio in Kenton County, Kentucky over the last 10 years
The student-to-teacher ratio in Kenton County, Kentucky has shown a general decline over the past decade, moving from 17 students per teacher in 2014 to just under 15 in 2023. This change is particularly notable as it brings the county closer to the current national average of 14 students per teacher. Such shifts could suggest improvements in educational quality, making the county potentially more attractive to families prioritizing education. For real estate agents and investors, these figures might indicate a growing appeal of the area, while appraisers and insurance agents might see changes in property valuations and risk assessments due to evolving demographics and educational infrastructure.
