Cannon County Real Estate and Livability Trends
Cannon County, Tennessee has seen a sharp rise in housing values, jumping from $124,200 in 2015 to $217,700 in 2022, which could indicate robust investment potential. Average taxable income went from $40,501.88 in 2013 to $58,697.85 in 2021, suggesting enhanced economic stability that might attract more investors. Despite fluctuating tax rates, real estate taxes have doubled over the last decade,... Read more
Cannon County Market Trends
Housing values in Cannon County, Tennessee, have surged from $124,200 in 2015 to $217,700 in 2022, outpacing national trends and showing strong investment potential. Residential energy tax credits also saw a dramatic rise, peaking at $1,440.00 in 2021, possibly drawing environmentally conscious homeowners. Real estate taxes have doubled over the decade, now averaging $2,458.33 per return, adding... Read more
Median Value of Occupied Housing Units in Cannon County, Tennessee Over the Last 8 Years
Housing values in Cannon County, Tennessee have seen a significant increase over the last eight years, climbing from $124,200 in 2015 to $217,700 in 2022. This growth trend is more pronounced than the national average, which rose from $125,500 to $179,400 in the same period. While Tennessee as a whole also experienced a rise in median home values—from $142,100 in 2015 to $232,100 in 2022—Cannon County's upward trajectory places it as a potentially lucrative area for real estate investment, with its growth slightly trailing but still robust when compared to broader state trends.
Residential Energy Tax Credit Per Tax Return in Cannon County, TN Over the Last 8 Years
Cannon County, Tennessee has seen significant fluctuations in residential energy tax credits per tax return over the last eight years, peaking at $1,440.00 in 2021. From a low of around $257.14 in 2015, there has been a dramatic increase, particularly from 2017 onwards. These changes suggest growing incentives for energy-efficient home improvements, which might attract environmentally conscious homeowners and investors focusing on sustainable living. This trend could influence property values and insurance considerations, as newer energy-efficient properties might be perceived as more desirable and less risky. Real estate agents and appraisers might note these factors as key selling points when marketing homes or assessing property values in the area.
Average Real Estate Taxes Per Tax Return in Cannon County, TN Over the Last 10 Years
Over the past decade, Cannon County, Tennessee has seen a noticeable increase in average real estate taxes per tax return, rising from approximately $1,357.89 in 2012 to about $2,458.33 in 2021. This steady upward trend could influence investment decisions, affect property valuations, and impact homeowners' insurance premiums. Prospective buyers and real estate developers might want to consider these escalating taxes when planning their budgets, while appraisers and insurance agents should adjust their assessments accordingly. This trend reflects broader economic conditions and potentially increasing property values in the area.
Percentage of Farm Returns in Cannon County, TN Over the Last 10 Years
Over the last decade, Cannon County, Tennessee has seen a general decline in the percentage of farm tax returns, from about 11.03% in 2012 to roughly 7.91% in 2021. Farm tax returns reflect the financial health and profitability of agricultural activities in the area, which is an essential factor for investors, potential residents, and developers. This trend might suggest shifting economic conditions, potentially impacting land use, real estate investments, and the local economy, encouraging stakeholders to consider these dynamics when making decisions.
Number of Mortgages by Occupancy Type in Cannon County, TN Over the Last 5 Years in Cannon County
Cannon County, Tennessee has shown interesting trends in the number of mortgages by occupancy type over the last five years. Principal Residences consistently dominate the market, with the numbers peaking in 2021 at 1,060 before experiencing a slight decline. Investment Properties saw a subtle dip, bottoming out in 2021, while the market for Second Residences has remained relatively stable but minimal. For investors, these trends could signal a relatively stable investment landscape but with potentially shifting demands towards primary residences. Changes in occupancy types may impact property values, zoning decisions, and even the rental market dynamics. For appraisers and real estate agents, understanding these patterns helps in more accurate property valuations and strategic advisories for clients. Insurance agents might consider these shifts when assessing risk and setting premiums. Overall, this data provides a nuanced view of the real estate landscape that may influence various stakeholders from buyers to builders in their decision-making processes.
Economic Outlook
Cannon County, Tennessee has experienced a consistent rise in average taxable income, moving from $40,501.88 in 2013 to $58,697.85 in 2021, hinting at enhanced economic stability which could attract more investors and property developers. Following a fluctuating pattern, state and local income taxes showed a notable spike and subsequent adjustments, peaking at $8,625.00 in 2015 before settling at $5,720.00 in 2017. This volatility in tax rates might influence decision-making for potential real... Read more
Average Taxable Income per Tax Return in Cannon County, TN over the last 9 years
The average taxable income per tax return in Cannon County, Tennessee has shown a consistent upward trend over the past nine years, starting from $40,501.88 in 2013 and reaching $58,697.85 in 2021. This progression suggests a growing economic stability in the area, potentially enhancing its attractiveness for investors and property developers. For real estate agents and insurance agents, this steady increase in taxable income could translate to a more affluent client base and robust market dynamics. For those considering relocating, these figures might indicate improving financial opportunities and prospects in Cannon County.
Average State and Local Income Taxes Per Tax Return in Cannon County, TN Over the Last 6 Years
A notable fluctuation in average state and local income taxes per tax return is seen in Cannon County, Tennessee over the past six years. Starting at $3,533.33 in 2012, there was a dip to $3,333.33 in 2013, followed by a significant rise to $4,533.33 in 2014. A sharp spike occurred in 2015 with taxes hitting $8,625.00. This was followed by a drop to $6,380.00 in 2016 and a further decrease to $5,720.00 in 2017. These changes could impact economic decisions related to property investments, real estate developments, and financial planning for current and potential residents.
Average Total Tax Liability Per Tax Return in Cannon County, TN Over the Last 10 Years
Over the past decade, Cannon County, Tennessee has seen a general upward trend in the average total tax liability per tax return, with significant jumps especially noticeable in the later years. Most noteworthy is the increase from $6,151.69 in 2017 to $7,766.42 in 2021, displaying a notable rise in tax liabilities that could indicate shifts in income levels or tax policy adjustments. This trend is crucial for potential investors, real estate agents, and insurance agents to monitor as it impacts property valuations, insurance premiums, and investment returns. These growing liabilities may suggest economic growth or changing demographic income patterns in the county.
Cost of Living in Cannon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $933 | $1,327 | $1,911 | $899 | $722 |
| 1 adult 4 children | $933 | $1,084 | $1,461 | $899 | $751 |
| 2 adults 3 children | $933 | $1,084 | $1,658 | $899 | $550 |
| 1 adult 3 children | $933 | $885 | $1,208 | $899 | $540 |
| 2 adults 2 children | $746 | $887 | $1,405 | $820 | $529 |
| 2 adults 1 child | $746 | $701 | $1,153 | $564 | $571 |
| 1 adult 2 children | $746 | $663 | $956 | $820 | $459 |
| 1 adult 1 child | $746 | $453 | $703 | $564 | $468 |
| 2 adults | $660 | $563 | $900 | $0 | $523 |
| 1 adult | $646 | $307 | $450 | $0 | $443 |
Safety trends & Data
Cannon County, Tennessee, has seen varying property crime trends over the past five years. Notably, vandalism peaked in 2019 with 12 incidents but then saw marked declines. Larceny - Theft had a significant spike in 2018 with 14 incidents but seems to have stabilized around 5 to 7 cases annually by 2021 and 2022. Fraud cases have fluctuated slightly but generally stayed in the low single digits. These trends might offer cautious optimism for potential investors and residents considering the... Read more
Property Crime Trends in Cannon County, TN Over the Last 5 Years
Over the last five years, Cannon County, Tennessee, has seen fluctuating trends in property crimes. Noteworthy changes include a peak in vandalism cases in 2019 with 12 incidents, which then significantly declined in subsequent years. Larceny - Theft reports spiked in 2018 with 14 incidents but appeared to have normalized around 5 to 7 incidents annually by 2021 and 2022. Fraud cases have varied modestly, showing both slight increases and decreases but generally remaining in the low single digits. These trends may provide a cautious optimism for potential investors, property developers, and residents considering the community’s evolving safety landscape.
Demographics
In Cannon County, Tennessee, the adult population slightly favors females with roughly 126 more women than men. Educational attainment is varied; a significant portion, about 39.11%, holds at least a high school diploma, suggesting a potential workforce ripe for skilled labor positions. The age distribution hints at a balanced mix across age groups, though adults aged 55 to 64 represent a notable chunk, highlighting an aging population. White residents dominate the racial composition, making up... Read more
Race Distribution in Cannon County, Tennessee (2022)
Educational Attainment in Cannon County, Tennessee (2022)
Age Distribution in Cannon County, Tennessee
Citizen Population in Cannon County, Tennessee (2022)
Political Trends & Data
Cannon County, Tennessee, exhibits a notable Republican tilt, with an estimated 79.15% vote share in the 2020 U.S. Presidential Election. The Democratic Party, on the other hand, secured around 19.23% of votes. This trend could influence future electoral strategies, indicating a strong GOP base while highlighting areas for potential Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cannon County, Tennessee, the 2020 U.S. Presidential Election results might suggest a strong lean toward the Republican Party, with an estimated 79.15% of votes. Meanwhile, the Democratic Party seemed to capture around 19.23% of the vote share, and minor parties, including Libertarian and Green, garnered negligible support. This data potentially highlights a significant Republican preference in this county, which could inform strategic moves for both major parties in future elections.
79.15% of voters voted for the Republican party in the 2020 Presidential Election
19.23% of voters voted for the Democrat party in the 2020 Presidential Election
1.62% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cannon County, Tennessee has seen a gradual rise in its student-to-teacher ratio over the last decade, peaking at 16 students per teacher in 2023, which contrasts with the national average of 14. For investors or homebuyers, this might suggest changes in educational resources, potentially impacting the appeal for families wanting smaller class sizes. Real estate professionals should consider how these shifts could affect property values and marketability, while builders and developers might... Read more
Student-to-teacher ratio in Cannon County, Tennessee over the last 10 years
Cannon County, Tennessee has generally seen an upward trend in its student-to-teacher ratio over the last decade, peaking at 16 students per teacher in 2023. This indicates a slight increase in classroom size, contrasting with the national average of 14 students per teacher. For potential investors or homebuyers, this could imply shifting educational resource allocations, possibly affecting the desirability of the area for families prioritizing smaller class sizes. Real estate agents and appraisers should note these changes as they may influence property values and marketability. Builders and developers might also consider this trend when planning new family-centric housing projects, as it may impact demand. Insurance agents could find this data relevant for assessing community risk profiles, which might influence policy offerings and rates.
