Chester County Real Estate and Livability Trends
Chester County, Tennessee has seen a significant rise in average taxable income per tax return, jumping from $48,258.20 in 2020 to $57,010.24 in 2021, pointing to a potential economic upswing and future property value growth. Meanwhile, median home values have climbed from about $108,300 in 2015 to roughly $136,700 in 2022, yet still trail behind state and national averages. Notable shifts... Read more
Chester County Market Trends
Chester County, Tennessee has experienced a steady rise in median home values, growing from about $108,300 in 2015 to roughly $136,700 in 2022, still lagging behind state and national averages. Residential energy tax credits in the county have shown significant volatility, peaking at $750.00 in 2021, which may attract interest in eco-friendly properties. Average real estate taxes per return have... Read more
Median Value of Occupied Housing Units in Chester County, Tennessee Over the Last 8 Years
Over the last 8 years, Chester County, Tennessee has seen its median home values rise from around $108,300 in 2015 to approximately $136,700 in 2022. While this represents a steady growth, it's worth noting that these values remain lower compared to the state average in Tennessee and significantly below the national average. Tennessee's median home values jumped from $142,100 in 2015 to $232,100 in 2022, indicating a sharper increase. Nationally, the median value moved from $125,500 to $179,400 during the same period. This suggests that Chester County could offer more affordable options for homebuyers and investors compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Chester County, TN Over the Last 8 Years
Over the past eight years, Chester County, Tennessee has seen significant fluctuation in the average residential energy tax credit per tax return. Starting at $291.67 in 2013, there's a noticeable dip to $225.00 in 2017. However, the trend shifts dramatically with an increase to $425.00 in 2020 and peaking at $750.00 in 2021. Such volatility may indicate varying levels of investment in energy efficiency measures or shifting state and federal incentives. This could be an interesting point for real estate agents and property developers aiming to market eco-friendly properties, as well as for appraisers and insurance agents who assess property values and risks based on energy improvements.
Average Real Estate Taxes Per Tax Return in Chester County, TN Over the Last 10 Years
Over the past decade, Chester County, Tennessee's average real estate taxes per tax return have steadily increased from approximately $1,301.20 in 2012 to around $2,500.00 in 2021. The most notable hikes appear between 2017 and 2020, jumping from roughly $1,551.47 to about $2,246.67. These trends may signal growing property values or rising tax rates, factors that could influence investment decisions, property appraisals, and insurance considerations. Real estate professionals and potential buyers should keep an eye on these increases when evaluating long-term costs and benefits of properties in this area.
Percentage of Farm Returns in Chester County, TN Over the Last 10 Years
Over the past decade, Chester County, Tennessee has seen a gradual decline in the percentage of farm tax returns, starting at around 5.75% in 2012 and dropping to approximately 4.38% by 2021. Farm tax returns signify the reports filed by agricultural businesses for tax purposes, essentially reflecting the active farming operations in the area. For those interested in investing, moving to, or developing property in Chester County, this downward trend could imply a shift away from traditional farming or a consolidation of smaller farms into larger operations, potentially affecting land use patterns and community dynamics.
Number of Mortgages by Occupancy Type in Chester County, TN Over the Last 5 Years in Chester County
Chester County, Tennessee has seen significant variability in the number of mortgages by occupancy type over the past five years. Principal residences dominate the market, showing an increasing trend from 563 mortgages in 2018 to 935 in 2021 before a slight dip to 686 in 2022. Investment properties and second residences have remained relatively minor segments, but the reduced volume of investment mortgages from 51 in 2019 to 26 in 2022 may indicate shifting priorities among investors, potentially impacting future rental markets and property values. Changes in occupancy type matter as they impact housing demand, rental availability, and community stability, all of which are crucial considerations for investors, real estate agents, insurance agents, and potential residents.
Economic Outlook
Chester County, Tennessee shows a steady nine-year increase in average taxable income per tax return, with a significant rise from $48,258.20 in 2020 to $57,010.24 in 2021. This trend could indicate a growing economy and potential for higher property values. However, the variability in average state and local income taxes—ranging from $3,175.00 in 2013 to a low of $2,720.00 in 2014—suggests some unpredictability in tax burdens. Additionally, a notable jump in average total tax liability to... Read more
Average Taxable Income per Tax Return in Chester County, TN over the last 9 years
Chester County, Tennessee shows a steady increase in average taxable income per tax return over the last 9 years, with a notable jump from $48,258.20 in 2020 to $57,010.24 in 2021. This upward trend is compelling for potential investors and real estate agents, indicating a growing economy and potential for rising property values. For those considering moving or building property in the area, this pattern suggests a stable and possibly improving standard of living, while appraisers and insurance agents might view it as an indicator of increased asset valuation.
Average State and Local Income Taxes Per Tax Return in Chester County, TN Over the Last 6 Years
In Chester County, Tennessee, average state and local income taxes per tax return have fluctuated over the last six years, suggesting some volatility in tax burdens for residents. The highest average was in 2013 at $3,175.00, followed by a noticeable dip in 2014 to $2,720.00. By 2017, the average had slightly risen again to $2,800.00. This variability might impact household budgets and financial planning, which is particularly relevant for potential investors, homebuilders, and insurance agents aiming to accurately assess economic conditions in the area or for real estate agents advising clients on the cost of living trends.
Average Total Tax Liability Per Tax Return in Chester County, TN Over the Last 10 Years
Chester County, Tennessee, has experienced fluctuations in its average total tax liability per tax return over the last decade, indicating potential shifts in economic conditions or policy changes. After a period of relative stability between 2012 and 2018, there was a notable increase in 2019, jumping to approximately $6,026.08. The most significant spike occurred in 2021, reaching about $7,312.79. This trend might suggest growing income levels or adjustments in tax policies, crucial considerations for investors, real estate professionals, and residents weighing the financial implications of living or operating in Chester County.
Cost of Living in Chester County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $882 | $1,456 | $1,904 | $899 | $695 |
| 1 adult 4 children | $882 | $1,189 | $1,456 | $899 | $733 |
| 2 adults 3 children | $882 | $1,189 | $1,652 | $899 | $539 |
| 1 adult 3 children | $882 | $971 | $1,204 | $899 | $499 |
| 2 adults 2 children | $651 | $974 | $1,400 | $820 | $487 |
| 2 adults 1 child | $651 | $769 | $1,148 | $564 | $527 |
| 1 adult 2 children | $651 | $727 | $952 | $820 | $403 |
| 1 adult 1 child | $651 | $497 | $700 | $564 | $424 |
| 2 adults | $495 | $618 | $897 | $0 | $465 |
| 1 adult | $436 | $337 | $448 | $0 | $392 |
Safety trends & Data
Chester County, Tennessee has experienced notable fluctuations in property crimes over the past five years, with a generally decreasing trend since a peak in 2018. The most significant decline occurred in 2020, particularly in burglary and larceny-theft incidents. However, vandalism and motor vehicle theft rates remain unpredictable, showing no clear long-term decrease. Variances in fraud and forgery cases also indicate inconsistent activity. These trends could influence real estate... Read more
Property Crime Trends in Chester County, TN Over the Last 5 Years
Chester County, Tennessee has seen notable fluctuations in property crimes over the past five years. Since a high in 2018, incidents like burglary and larceny-theft have largely trended downward, with a dramatic drop observed in 2020. Vandalism and motor vehicle thefts appear more volatile but show no clear long-term decreasing trend. Variances in fraud and forgery cases suggest inconsistent criminal activity in those areas. These trends highlight varying property crime risks, which could influence real estate investments, insurance rates, and community safety efforts.
Demographics
Chester County, Tennessee's demographic landscape reveals a relatively balanced male-to-female adult population, with females holding a slight edge. The age distribution signifies a strong presence of middle-aged individuals, particularly those between 25 and 54 years, hinting at a potentially stable workforce. The educational attainment data indicates that a significant portion of residents have at least a high school diploma, though higher education levels such as bachelor's and graduate... Read more
Race Distribution in Chester County, Tennessee (2022)
Educational Attainment in Chester County, Tennessee (2022)
Age Distribution in Chester County, Tennessee
Citizen Population in Chester County, Tennessee (2022)
Political Trends & Data
Chester County, Tennessee, exhibited a pronounced Republican tilt in the 2020 U.S. Presidential Election, with the GOP capturing around 78.5% of the vote. The Democratic side managed only 18.6%, and minor parties had minimal impact, barely collecting 2.9%. This significant political leaning suggests a solid Republican stronghold, which might influence local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Chester County, Tennessee, the 2020 U.S. Presidential Election results reflect a notable lean towards the Republican party, which seemingly garnered nearly 78.5% of the vote. The Democratic party lagged far behind, capturing only about 18.6%. Minor parties like the Libertarians and Greens didn't appear to have a significant presence, while other candidates collected just over 2.9%. This considerable imbalance in voting preferences could indicate a strong Republican base within this county.
78.48% of voters voted for the Republican party in the 2020 Presidential Election
18.62% of voters voted for the Democrat party in the 2020 Presidential Election
2.90% of voters voted for the Other party in the 2020 Presidential Election
School Data
Chester County, Tennessee has experienced a steady decrease in its student-to-teacher ratio over the past decade, dropping from 18 students per teacher in 2014 to approximately 16 recently. While still above the national average of 14, this trend might suggest improvements in education quality via reduced class sizes. For potential investors, real estate agents, and new residents, this commitment to educational resources could enhance community value, implying a stable and appealing locality... Read more
Student-to-teacher ratio in Chester County, Tennessee over the last 10 years
Over the last ten years, Chester County, Tennessee has seen its student-to-teacher ratio steadily decrease from a high of 18 students per teacher in 2014 to roughly 16 in recent years. Although still above the national average of fourteen, the downward trend could suggest improvements in education quality through reduced class sizes. For potential investors, real estate agents, and those considering a move to Chester County, this may indicate a growing commitment to educational resources, which can enhance community value. Appraisers, insurance agents, and builders might also see this as a factor in determining the locality's longer-term appeal and stability.
