Carroll County Real Estate and Livability Trends
Carroll County, Tennessee’s real estate market appears to be influenced by several demographic and economic factors. Median home values surged from $83,500 in 2015 to $117,500 in 2022, indicating robust property value appreciation. Meanwhile, rising residential energy tax credits signal an interest in energy-efficient home upgrades. An increase in real estate taxes from $1,464.71 in 2012 to... Read more
Carroll County Market Trends
Carroll County, Tennessee has experienced an impressive upswing in median home values, from $83,500 in 2015 to $117,500 in 2022, outpacing many state and national figures. The residential energy tax credit per tax return has fluctuated significantly, peaking in 2015 and 2021, likely reflecting growing homeowner interest in energy-efficient upgrades. Real estate taxes have sharply increased from... Read more
Median Value of Occupied Housing Units in Carroll County, Tennessee Over the Last 8 Years
Carroll County, Tennessee has seen a significant rise in median home values over the last eight years, jumping from $83,500 in 2015 to $117,500 in 2022. This local increase parallels and sometimes exceeds both state and national trends, with Tennessee's median home value increasing from $142,100 to $232,100 and the national figure rising from $125,500 to $179,400 over the same period. For those looking to invest or build in Carroll County, this consistent upward trend may indicate a growing market desirability and potential returns on real estate investments.
Residential Energy Tax Credit Per Tax Return in Carroll County, TN Over the Last 8 Years
In Carroll County, Tennessee, the average residential energy tax credit per tax return has shown considerable fluctuation over the past eight years, ranging from $264.29 to $771.43. Notably, there were significant peaks in 2015 and 2021, hitting $435.71 and $771.43 respectively, hinting at increased investments in energy-efficient home improvements or possibly more lucrative tax incentives during those years. These trends in residential energy tax credits could suggest a growing awareness and adoption of energy-efficient technologies among homeowners, which might be of interest to investors, real estate agents, and insurance agents looking to understand local market dynamics and homeowner behavior.
Average Real Estate Taxes Per Tax Return in Carroll County, TN Over the Last 10 Years
Over the past decade, Carroll County, Tennessee has seen a notable upward trend in average real estate taxes per tax return. Starting at approximately $1,464.71 in 2012, the figure has more than doubled by 2020, peaking around $2,783.33. While there was a slight decline in 2021, dropping to about $2,572.22, the general trend indicates a robust increase. This is likely reflective of rising property values and possibly new tax assessments. For investors, real estate professionals, and appraisers, this upward trajectory might signal strong demand and appreciation in the local housing market. Potential residents and insurance agents could also find this data significant as it impacts housing affordability and property valuation.
Percentage of Farm Returns in Carroll County, TN Over the Last 10 Years
Over the past decade in Carroll County, Tennessee, the percentage of farm tax returns has gradually decreased from 5.47% in 2012 to approximately 4.43% in 2021, with slight fluctuations observed in-between. This trend could indicate possible shifts in the local economy or changes in land use, potentially impacting real estate decisions or investment opportunities within the county. Farm tax returns are an important indicator as they reflect the number of farms filing tax returns, offering insights into the agricultural activity and its economic contribution to the area. This gradual decline might suggest a dwindling number of farm operations or a move towards other types of land development, which prospective investors and residents might want to consider.
Number of Mortgages by Occupancy Type in Carroll County, TN Over the Last 5 Years in Carroll County
Carroll County, Tennessee has seen varied trends in mortgage distributions by occupancy type over the past five years. Principal residences generally dominate, reaching a peak in 2021 with 1,271 mortgages before stabilizing. Investment properties show moderate activity, with numbers hovering around the mid-70s since 2018, after an initial rise. Second residences remain a minor segment but saw a slight uptick in 2021. These shifts indicate a stable demand for primary housing but may suggest fluctuating investment and secondary home interests. Understanding these trends can inform investors, builders, and real estate professionals about Carroll County’s housing dynamics and potential market opportunities.
Economic Outlook
Carroll County, Tennessee has seen a consistent rise in average taxable income per tax return from $40,221.96 in 2013 to $53,870.11 by 2021, hinting at economic growth and a potentially stabilized job market. The fluctuating state and local income taxes, peaking at $5,550.00 in 2021, and the increasing total tax liability reaching $7,159.82 by 2021 suggest evolving economic conditions and tax implications worth noting for investors and real estate professionals assessing this... Read more
Average Taxable Income per Tax Return in Carroll County, TN over the last 9 years
Carroll County, Tennessee has seen a consistent upward trend in average taxable income per tax return over the past nine years. Starting at $40,221.96 in 2013, the average has increased to $53,870.11 by 2021. This steady rise may indicate economic growth and a potentially stabilizing local job market, making Carroll County an appealing option for real estate investment, new residents, and property development. Increased average taxable income also suggests a potentially expanding tax base, which could have implications for infrastructure and public service investments.
Average State and Local Income Taxes Per Tax Return in Carroll County, TN Over the Last 9 Years
Carroll County, Tennessee has seen a fluctuating trend in average state and local income taxes per tax return over the past nine years. Noteworthy peaks were observed in 2015 and 2021, where average taxes reached $4,700.00 and $5,550.00 respectively, suggesting periods of increased tax burdens. Conversely, the lowest average was in 2017 at $3,450.00. These shifts are crucial for potential investors, appraisers, real estate agents, and others interested in financial planning, as they reflect changing economic conditions and potential tax implications in the area.
Average Total Tax Liability Per Tax Return in Carroll County, TN Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Carroll County, Tennessee has seen a generally upward trend. Starting around $5,326.65 in 2012, the tax liability climbed to $7,159.82 by 2021. This steady increase may indicate rising incomes or changes in tax policies, which could be relevant for potential investors, property developers, and real estate professionals evaluating the area's economic conditions. Such trends also hold significance for insurance agents and appraisers when considering the financial landscape of this county.
Cost of Living in Carroll County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $967 | $1,335 | $1,867 | $969 | $681 |
| 1 adult 4 children | $967 | $1,090 | $1,428 | $969 | $701 |
| 2 adults 3 children | $967 | $1,091 | $1,620 | $969 | $519 |
| 1 adult 3 children | $967 | $890 | $1,181 | $969 | $501 |
| 2 adults 2 children | $747 | $893 | $1,372 | $858 | $484 |
| 1 adult 2 children | $747 | $667 | $933 | $858 | $408 |
| 2 adults 1 child | $747 | $706 | $1,125 | $500 | $508 |
| 1 adult 1 child | $747 | $456 | $686 | $500 | $413 |
| 2 adults | $661 | $567 | $877 | $0 | $483 |
| 1 adult | $609 | $309 | $439 | $0 | $421 |
Safety trends & Data
In Carroll County, Tennessee, property crime trends have shown variability, but a general downward pattern could appeal to potential investors or residents. Larceny-theft peaked at 99 incidents in 2018, and while burglary incidents spiked to 33 in 2020, they declined to 16 by 2022. Motor vehicle thefts jumped to 18 cases in 2019 but have since stabilized around 10-11 annually. These trends might influence property valuations and insurance rates, proving vital for real estate professionals... Read more
Property Crime Trends in Carroll County, TN Over the Last 5 Years
In Carroll County, Tennessee, property crime statistics reveal a fluctuating but generally downward trend in certain areas over the past five years, intriguing for potential investors or residents. Larceny-theft remains the most prevalent category, peaking at 99 incidents in 2018 and showing variability thereafter. Burglary incidents experienced a spike in 2020 with 33 cases, but saw a decline to 16 in 2022. Motor vehicle thefts saw a significant rise in 2019 with 18 incidents, then stabilized around 10-11 cases in subsequent years. Other property crimes like fraud, embezzlement, and vandalism also show variability, suggesting shifting areas of concern that may impact property valuations and insurance rates. These trends could be vital for real estate agents and appraisers assessing property risk and desirability in the region.
Demographics
Carroll County, Tennessee, shows a near-even split between its male (10,816) and female (11,230) adult population. Educational attainment varies notably, with a substantial portion achieving only high school diplomas while relatively fewer residents hold bachelor’s or higher degrees. Aging seems to play a significant role with a notable number of the population aged 55 and older. The racial composition is predominantly White at 24,378, with smaller representations from Black or African... Read more
Race Distribution in Carroll County, Tennessee (2022)
Educational Attainment in Carroll County, Tennessee (2022)
Age Distribution in Carroll County, Tennessee
Citizen Population in Carroll County, Tennessee (2022)
Political Trends & Data
Carroll County, Tennessee, leaned heavily Republican in the 2020 U.S. Presidential Election, with over 77% voting for the GOP. Democrats received roughly 21% of the vote, indicating limited but notable partisan diversity. Third-party and independent candidates saw almost no support, pointing to the strong two-party preference in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Carroll County, Tennessee, showed a strong preference for the Republican party in the 2020 U.S. Presidential Election, possibly reflecting a heavily conservative voter base, with Republicans receiving over 77% of the vote. Democrats garnered around 21%, hinting at some level of partisan diversity but a significantly smaller presence. Votes for other parties were virtually non-existent, suggesting minimal local support for third-party or independent candidates.
77.32% of voters voted for the Republican party in the 2020 Presidential Election
21.50% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Other party in the 2020 Presidential Election
School Data
Carroll County, Tennessee has consistently reported student-to-teacher ratios below the national average, generally fluctuating between 12 and 14 students per teacher over the last decade, with a notable low of 11 in 2015. These lower ratios could make the area attractive to potential residents and investors seeking an education-friendly environment, often translating to better educational outcomes and a higher quality of life. For real estate agents and community planners, this trend could... Read more
Student-to-teacher ratio in Carroll County, Tennessee over the last 10 years
Over the last decade, the student-to-teacher ratio in Carroll County, Tennessee has generally stayed below the national average of 14 students per teacher, fluctuating between approximately 12 and 14. Year-to-year, the ratio has seen modest variations, with a low of 11 students per teacher in 2015 and peaking at nearly 14 in 2014. These relatively lower ratios might be appealing to potential residents or investors looking for an education-friendly environment, signifying potentially more individualized attention for students. For real estate agents and those involved in community planning, these trends could be a selling point, as lower student-to-teacher ratios can often correlate with better educational outcomes and a higher quality of life.
