Bedford County Real Estate and Livability Trends
Bedford County, Tennessee's real estate market is shaped by rapidly rising median home values, jumping from $115,700 in 2015 to $221,200 in 2022, which may catch investors' eyes but could stress current residents. An uptick in residential energy tax credits signifies a growing interest in energy-efficient upgrades, indicating future market trends. Steadily increasing real estate taxes further... Read more
Bedford County Market Trends
In Bedford County, Tennessee, median home values have shot up from $115,700 in 2015 to $221,200 in 2022, outpacing both national and statewide trends. This rapid appreciation could signal a growing market attractive to investors but might put pressure on current residents. Additionally, significant increases in average residential energy tax credits per tax return since 2017, reaching $1,157.14... Read more
Median Value of Occupied Housing Units in Bedford County, Tennessee Over the Last 8 Years
In Bedford County, Tennessee, median home values have surged from $115,700 in 2015 to $221,200 in 2022. While this growth rate outpaces national trends—where values increased from $125,500 to $179,400 during the same period—it's even faster compared to the statewide increase in Tennessee, which saw values rise from $142,100 to $232,100. This rapid appreciation could imply a burgeoning market that's potentially appealing for investors and those looking to move to the area, though it might be a squeeze for current residents facing skyrocketing property prices.
Residential Energy Tax Credit Per Tax Return in Bedford County, TN Over the Last 8 Years
Bedford County, Tennessee has witnessed a notable upward trend in the average residential energy tax credit per tax return over the last eight years, with sharp increases particularly from 2017 onwards. By 2021, the average credit ballooned to $1,157.14, suggesting homeowners are increasingly leveraging incentives for energy-efficient upgrades. This trend signals a growing investment in sustainable living, hinting at potential property value appreciation and attractiveness to eco-conscious buyers and investors. Moreover, this shift could indicate evolving energy policies and market dynamics favorable to sustainable practices in the county.
Average Real Estate Taxes Per Tax Return in Bedford County, TN Over the Last 10 Years
Bedford County, Tennessee shows a steady increase in average real estate taxes per tax return over the last decade, rising from approximately $1,537.55 in 2012 to about $3,216.36 in 2021. This upward trend might indicate a general rise in property values and possibly more development in the area. For investors, real estate agents, and developers, this could suggest a potentially growing market. Insurers and appraisers should also note these changes as they might impact property valuations and insurance premiums.
Percentage of Farm Returns in Bedford County, TN Over the Last 10 Years
Over the last decade, Bedford County, Tennessee has experienced a gradual decline in the percentage of farm tax returns. Starting at approximately 6.06% in 2012, this figure has edged down to around 5.12% in 2021. Farm tax returns, which represent income from agricultural activities, have seen small but consistent year-over-year decreases, reflecting potential shifts in local economic activities, agricultural viability, or land use. For investors, developers, or those pondering relocation, this trend could indicate evolving commercial landscapes or shifting rural demographics, possibly highlighting changing priorities within the county's agricultural sector.
Number of Mortgages by Occupancy Type in Bedford County, TN Over the Last 5 Years in Bedford County
Bedford County, Tennessee has seen a noticeable increase in mortgages for principal residences, peaking at 3,713 in 2021, before dropping to 2,616 in 2022. Investment property mortgages showed a more subdued rise but maintained consistent figures, with a slight peak at 135 in 2021. Second residences remained a small fraction of the market, fluctuating minimally over the years. These shifts could influence property values, risk assessments, and market strategies, making the area more attractive for primary homeowners rather than investors or seasonal buyers.
Economic Outlook
In Bedford County, Tennessee, the average taxable income per tax return has risen significantly in the past nine years, from about $40,433.55 in 2013 to approximately $62,735.75 in 2021. This trend may hint at a strengthening local economy, drawing the attention of investors and property builders. The area’s dynamic financial landscape is further marked by considerable fluctuations in state and local income taxes, climbing dramatically from $4,947.06 in 2012 to $25,230.00 in 2021. These... Read more
Average Taxable Income per Tax Return in Bedford County, TN over the last 9 years
Bedford County, Tennessee, has seen a consistent and significant rise in average taxable income per tax return over the last nine years, jumping from approximately $40,433.55 in 2013 to around $62,735.75 in 2021. This steady increase could indicate a bolstering local economy, making it an appealing prospect for potential investors, new residents, property builders, and real estate professionals. These income trends might also be of interest to insurance agents and appraisers as they reflect improving financial conditions within the county.
Average State and Local Income Taxes Per Tax Return in Bedford County, TN Over the Last 10 Years
Investing in Bedford County, Tennessee, presents a dynamic financial landscape characterized by major fluctuations in average state and local income taxes over the past decade. From a modest $4,947.06 in 2012 to a significant escalation, peaking at $25,230.00 in 2021, potential investors should weigh these tax trends in their financial planning. The sharp increases, particularly notable in 2016 and 2020, could be signals of shifts in local economic conditions or policy changes, impacting the broader economic environment. Understanding these trends is crucial for real estate agents, appraisers, and insurance agents as they directly influence property values, insurance premiums, and overall cost of living in the county.
Average Total Tax Liability Per Tax Return in Bedford County, TN Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Bedford County, Tennessee has seen a consistent upward trend, reaching a high of $9,833.30 in 2021. This increase suggests a growing local economy, potentially driven by rising incomes and property values. Investors and appraisers might find this data indicative of a robust market, while real estate agents could use this information to highlight the area's economic growth to prospective buyers. For insurance agents and those looking to build property, understanding these trends may be useful in assessing risk and potential future costs.
Cost of Living in Bedford County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,104 | $1,363 | $1,970 | $969 | $763 |
| 1 adult 4 children | $1,104 | $1,113 | $1,508 | $969 | $798 |
| 2 adults 3 children | $1,104 | $1,114 | $1,709 | $969 | $582 |
| 1 adult 3 children | $1,104 | $909 | $1,247 | $969 | $587 |
| 2 adults 2 children | $907 | $912 | $1,447 | $858 | $551 |
| 1 adult 2 children | $907 | $681 | $985 | $858 | $483 |
| 2 adults 1 child | $907 | $721 | $1,186 | $500 | $571 |
| 1 adult 1 child | $907 | $465 | $724 | $500 | $472 |
| 2 adults | $737 | $579 | $924 | $0 | $518 |
| 1 adult | $732 | $316 | $462 | $0 | $467 |
Safety trends & Data
Property crime trends in Bedford County, Tennessee have seen some drops over the last five years. Notably, larceny-theft incidents fell sharply from 316 in 2019 to 58 in 2022. Burglary has also decreased, from 47 incidents in 2018 to 31 in 2022. Meanwhile, motor vehicle theft peaked in 2020 at 44 incidents but fell to 27 in 2022. Other crimes like fraud and vandalism stay relatively low yet vary yearly. These trends could potentially impact real estate pricing, insurance expenses, and general... Read more
Property Crime Trends in Bedford County, TN Over the Last 5 Years
Property crime trends in Bedford County, Tennessee show noticeable fluctuations over the last five years. While larceny-theft consistently records the highest incidents—peaking at 316 in 2019 before falling significantly to 58 in 2022—burglary numbers have also seen a decline from 47 in 2018 to 31 in 2022. Motor vehicle theft saw its highest value in 2020 at 44 but dipped to 27 in 2022. Other crimes like fraud, vandalism, and forgery and counterfeiting remain relatively low but demonstrate varying trends year over year. These changing patterns might inform investment decisions, real estate pricing, insurance costs, and general livability assessments for current and prospective residents.
Demographics
The adult population in Bedford County, Tennessee is nearly equal in gender distribution, with a slight male majority. Educational attainment reveals a sizeable portion of residents have at least a high school diploma, yet a notable number haven't progressed beyond some college education. Age distribution leans towards a younger population with significant clusters in both the under 10 years and 25 to 34 years categories, hinting at potential growth in school and workforce needs. The racial... Read more
Race Distribution in Bedford County, Tennessee (2022)
Educational Attainment in Bedford County, Tennessee (2022)
Age Distribution in Bedford County, Tennessee
Citizen Population in Bedford County, Tennessee (2022)
Political Trends & Data
In Bedford County, Tennessee, the 2020 U.S. Presidential Election revealed a strong conservative leaning, with nearly 75% of voters favoring the Republican candidate. The Democratic nominee received roughly 23% of the votes, while third-party and independent candidates shared just over 1%. This trend could imply a predominantly Republican voter base, which might influence local political decisions and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Bedford County, Tennessee, the 2020 U.S. Presidential Election showed a strong preference for the Republican candidate, with nearly 75% of voters casting their ballots accordingly. The Democratic candidate garnered around 23%, while third-party and independent candidates combined for just over 1%. This overwhelming Republican turnout might suggest a deeply rooted conservative inclination in the local electorate.
75.20% of voters voted for the Republican party in the 2020 Presidential Election
23.33% of voters voted for the Democrat party in the 2020 Presidential Election
1.47% of voters voted for the Other party in the 2020 Presidential Election
School Data
Bedford County, Tennessee's student-to-teacher ratio has varied over the past decade, peaking at 16 students per teacher in 2016 before declining to 14 in 2023, falling below the national average. These shifts may reflect changes in school funding, student enrollment, or staffing policies and could influence families contemplating a move. Real estate agents and investors might see this as a sign of the county's commitment to quality education, potentially driving property values and demand.... Read more
Student-to-teacher ratio in Bedford County, Tennessee over the last 10 years
Over the last decade, Bedford County, Tennessee's student-to-teacher ratio has seen fluctuations, peaking at 16 students per teacher in 2016 before progressively declining to 14 students per teacher in 2023—falling below the U.S. national average of 14 students per teacher. These shifts might indicate changes in school funding, student enrollment, or staffing policies, and could impact decisions for families considering relocation. Real estate agents and potential investors might find these trends indicative of the county's commitment to quality education, which could drive property values and demand. For appraisers and insurance agents, understanding these trends could be crucial in accurately assessing property and insurance risks in the area.
