Marshall County Real Estate and Livability Trends
Marshall County, Kentucky has seen fluctuating average taxable incomes and rising home values, indicating a growing economic footprint. The median home value jumped from $111,600 in 2015 to $160,600 in 2022, hinting at increased housing demand despite still lagging behind national figures. Real estate investments could be influenced by substantial hikes in real estate taxes and a slight rise in... Read more
Marshall County Market Trends
Marshall County, Kentucky has experienced a solid rise in median home values, climbing from $111,600 in 2015 to $160,600 in 2022, subtly outpacing state averages. Despite still lagging behind the national median, this increase hints at growing housing demand. Energy tax credits have fluctuated, but recent resurgence to $536.36 in 2021 suggests periodic prioritization of energy-efficient home... Read more
Median Value of Occupied Housing Units in Marshall County, Kentucky Over the Last 8 Years
Marshall County, Kentucky has seen a steady increase in median home values over the past eight years, with values jumping from $111,600 in 2015 to $160,600 in 2022. This growth rate appears to be in line with or slightly outpaces state averages, where Kentucky's median home values rose from $123,200 in 2015 to $177,000 in 2022. Compared to national figures, Marshall County's 2022 median value of $160,600 still falls below the national average of $179,400 but has shown robust appreciation, making it a potentially attractive market for investors seeking growth potential. These trends could suggest an upward trajectory in housing demand and value, providing promising opportunities for prospective buyers and real estate developers in the area.
Residential Energy Tax Credit Per Tax Return in Marshall County, KY Over the Last 8 Years
Marshall County, Kentucky has seen fluctuating trends in average residential energy tax credits per tax return over the past eight years. Starting at $260.00 in 2013 and peaking significantly at $710.00 in 2019, the credits have shown potential for energy efficiency investments with a resurgence to $536.36 in 2021 following a dip. These variations suggest that the county intermittently prioritizes energy-efficient home improvements, which could appeal to potential investors, real estate agents, and homeowners looking to capitalize on tax incentives for sustainable living.
Average Real Estate Taxes Per Tax Return in Marshall County, KY Over the Last 10 Years
Real estate taxes in Marshall County, Kentucky have seen a notable increase over the past decade, with a significant jump starting around 2018. Between 2012 and 2017, taxes hovered between approximately $1,600 and $1,900. However, from 2018 onwards, there was a marked rise to over $2,700, peaking at around $3,104 in 2020. This trend suggests a growing financial demand on property owners, which could impact decisions for new investments, property builds, and market valuations. Real estate agents, insurance agents, and appraisers might want to account for these hikes in their evaluations and advising.
Percentage of Farm Returns in Marshall County, KY Over the Last 10 Years
Marshall County, Kentucky has seen a subtle decrease in the percentage of farm tax returns filed over the past decade. In 2012, roughly 4.61% of taxpayers filed farm tax returns, a number that has gently drifted downward to around 4.08% in 2021. This may suggest a shift in the local economy or changes in the agricultural industry. For those looking to invest, move to, or engage with the community, understanding these trends could be crucial in making informed decisions about property investments or business ventures in the area.
Number of Mortgages by Occupancy Type in Marshall County, KY Over the Last 5 Years in Marshall County
Marshall County, Kentucky has seen a noticeable shift in mortgage trends over the last five years, particularly in the categories of principal residences, investment properties, and second residences. Principal residences consistently dominate, peaking in 2021 with 1,426 mortgages but showing a decline to 1,097 in 2022. Investment properties and second residences both exhibit lower counts, though investment properties show a mild increase from 21 in 2018 to 51 in 2021. Such shifts can impact market dynamics, influencing investor decisions, residential planning, and lending practices. Appraisers, insurance agents, and real estate professionals must consider these trends for accurate valuations, risk assessments, and strategic positioning. Potential residents and investors can leverage this data to gauge market stability and future growth prospects in the county.
Economic Outlook
Marshall County, Kentucky has seen fluctuating growth in average taxable income per tax return over the past nine years, trending generally upwards from approximately $49,976.19 in 2013 to around $63,051.51 in 2021. The average state and local income taxes per tax return have also risen significantly, especially after 2017, jumping from $6,029.05 in 2012 to $11,208.20 by 2018 and peaking at $12,616.67 in 2020. This sharp increase hints at possibly growing incomes or changes in tax policies.... Read more
Average Taxable Income per Tax Return in Marshall County, KY over the last 9 years
Marshall County, Kentucky has experienced fluctuating growth in average taxable income per tax return over the past nine years, trending generally upwards from approximately $49,976.19 in 2013 to around $63,051.51 in 2021. This trend may suggest increasing economic stability or rising incomes in the area, which could be attractive for prospective investors, real estate agents, and builders. The notable jump in 2021 could indicate a robust post-pandemic recovery or significant economic developments that year, making the county an intriguing area for financial analysis and future planning.
Average State and Local Income Taxes Per Tax Return in Marshall County, KY Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Marshall County, Kentucky have shown a significant upward trend. Starting from $6,029.05 in 2012, a notable increase is seen, especially after 2017, with figures rising dramatically to $11,208.20 by 2018 and peaking at $12,616.67 in 2020. This sharp increase hints at possibly growing incomes or changes in tax policies. Such tax trends are critical for potential investors, property developers, or individuals considering relocation to Marshall County, as they directly impact financial planning and disposable income.
Average Total Tax Liability Per Tax Return in Marshall County, KY Over the Last 10 Years
Marshall County, Kentucky has seen a notable upward trend in the average total tax liability per tax return over the past decade. Starting at $6,465.76 in 2012, the average liability increased to $8,941.57 by 2021. This consistent rise suggests a growing economic footprint in the area, appealing to investors and new residents seeking promising opportunities. However, it also means potentially higher living costs, which might influence decisions related to property investments and cost of living considerations.
Cost of Living in Marshall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,026 | $1,283 | $1,746 | $1,012 | $1,081 |
| 1 adult 4 children | $1,026 | $1,048 | $1,335 | $1,012 | $1,154 |
| 2 adults 3 children | $1,026 | $1,048 | $1,515 | $1,012 | $899 |
| 1 adult 3 children | $1,026 | $856 | $1,104 | $1,012 | $921 |
| 2 adults 2 children | $843 | $858 | $1,284 | $878 | $819 |
| 1 adult 2 children | $843 | $641 | $873 | $878 | $716 |
| 2 adults 1 child | $843 | $678 | $1,053 | $442 | $763 |
| 1 adult 1 child | $843 | $438 | $642 | $442 | $641 |
| 2 adults | $745 | $545 | $822 | $0 | $690 |
| 1 adult | $611 | $297 | $411 | $0 | $556 |
Safety trends & Data
Marshall County, Kentucky's property crime landscape has seen notable fluctuations over the past five years, with larceny-theft consistently being the most common issue. While larceny-theft peaked at 52 incidents in 2019, it sharply declined in later years. Burglary hit a high of 19 cases in 2020 before decreasing, and embezzlement and vandalism have remained relatively steady. Arson was practically non-existent, with just one case reported in 2018. These trends may be crucial for real estate... Read more
Property Crime Trends in Marshall County, KY Over the Last 5 Years
Marshall County, Kentucky has seen significant fluctuations in property crimes over the past five years. Larceny-theft remains the most frequent issue, especially notable in 2018 with 48 incidents, climbing to 52 in 2019, but then dropping sharply in subsequent years. Burglary peaked at 19 cases in 2020 before declining. Embezzlement and vandalism maintained relatively lower but steady numbers. Interestingly, arson was almost non-existent, with only a single reported case in 2018. These trends may matter for potential real estate investors, insurance agents, and local residents assessing the area's safety and property values.
Demographics
Marshall County, Kentucky, displays a relatively balanced adult gender population with females slightly outnumbering males. Education levels vary significantly, with high school graduates making up a substantial portion. There's a notable presence of residents with some college education but no degree, while those holding graduate or professional degrees form a smaller segment. The age distribution highlights a larger population in the 55 to 64 years range, indicating a potentially aging... Read more
Race Distribution in Marshall County, Kentucky (2022)
Educational Attainment in Marshall County, Kentucky (2022)
Age Distribution in Marshall County, Kentucky
Citizen Population in Marshall County, Kentucky (2022)
Political Trends & Data
Marshall County, Kentucky, shows a distinct conservative inclination, with about 75.5% of the 2020 Presidential Election votes favoring Republican candidates. Democratic support trailed significantly at 23.1%, with Libertarian votes around 0.9%. Minimal votes for other parties collectively added to less than 1%, potentially reinforcing the county’s conservative lean and influencing local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marshall County in Kentucky may lean heavily Republican, with approximately 75.5% of votes cast for the GOP in the 2020 Presidential Election. Democratic support appeared relatively low at around 23.1%, while Libertarian candidates garnered about 0.9%. Votes for other parties were minimal, collectively contributing less than 1%. This distribution could suggest a strong conservative presence in the county, which may shape local policy and community priorities.
75.55% of voters voted for the Republican party in the 2020 Presidential Election
23.13% of voters voted for the Democrat party in the 2020 Presidential Election
0.94% of voters voted for the Livertarian party in the 2020 Presidential Election
0.39% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last ten years, Marshall County, Kentucky has seen its student-to-teacher ratio peak at nearly 25 in 2020 and then drop to just under 15 in 2023, slightly above the national average of 14. This trend towards smaller class sizes might be attractive to prospective investors and new residents, suggesting a potential boost in property values. For builders and developers, this shift can inform the planning of family-centric communities that leverage the improving school... Read more
Student-to-teacher ratio in Marshall County, Kentucky over the last 10 years
Over the last ten years, Marshall County, Kentucky has experienced significant fluctuations in its student-to-teacher ratio, peaking at nearly 25 in 2020 and declining to just under 15 in 2023. These changes are notable when compared to the national average of 14. Prospective investors, new residents, and real estate agents might find the recent trend towards smaller class sizes appealing, as lower ratios often suggest better educational attention per student. Insurance agents and appraisers should consider how these educational improvements may positively influence property values. For builders and developers, understanding these educational dynamics can aid in planning new family-centric communities that capitalize on the improving school conditions.
