Claiborne County Real Estate and Livability Trends
Claiborne County, Tennessee's median home values have shown a steady increase from $101,500 in 2015 to $135,400 in 2022, suggesting appealing prospects for investors and homebuyers seeking lower entry costs and potential appreciation in a quieter market. A significant rise in real estate taxes, peaking at $2,957.14 in 2020, may reflect increased property values or tax policy shifts that buyers... Read more
Claiborne County Market Trends
Over the past eight years, Claiborne County, Tennessee, has seen a steady upward trend in median home values, rising from $101,500 in 2015 to $135,400 in 2022. This suggests Claiborne County could appeal to investors or homebuyers seeking lower entry costs and potential appreciation in a slower-paced market. Residential energy tax credits have noticeably increased, reaching $700.00 in 2021,... Read more
Median Value of Occupied Housing Units in Claiborne County, Tennessee Over the Last 8 Years
Over the past eight years, Claiborne County, Tennessee, has seen a steady upward trend in median home values, rising from $101,500 in 2015 to $135,400 in 2022. While the county's growth is clear, it remains more affordable compared to Tennessee’s state median of $232,100 and the national median of $179,400 in 2022. This suggests Claiborne County could appeal to investors or homebuyers seeking lower entry costs and potential appreciation in a slower-paced market.
Residential Energy Tax Credit Per Tax Return in Claiborne County, TN Over the Last 8 Years
Claiborne County, Tennessee has seen a significant upward trend in residential energy tax credits over the past eight years. Investors and homeowners might find the rising average tax credit—reaching $700.00 in 2021—appealing, as it suggests potential savings and incentives for energy-efficient improvements. This steady increase underscores a possible trend towards energy efficiency, which could positively impact property values and attractiveness. Real estate agents might highlight these tax benefits to prospective buyers, while appraisers and insurance agents should consider this data when evaluating property worth and risk assessments.
Average Real Estate Taxes Per Tax Return in Claiborne County, TN Over the Last 10 Years
Claiborne County, Tennessee has seen a significant rise in average real estate taxes over the past decade, increasing from $1,624.60 in 2012 to a peak of $2,957.14 in 2020 before a slight drop to $2,804.76 in 2021. This upward trend, especially the sharp increase starting in 2018, could indicate rising property values or changes in tax policies, impacting home affordability and investment value. For those considering investments or relocations, this trend underscores the importance of factoring in potential property tax hikes into financial planning. Evaluating this trajectory also assists appraisers and insurance agents in providing accurate assessments and coverage expectations.
Percentage of Farm Returns in Claiborne County, TN Over the Last 10 Years
Farm tax returns in Claiborne County, Tennessee, have seen a gradual decline over the past decade, peaking in 2012 at 8.37% and dipping to around 6.47% by 2021. This trend might indicate fluctuations in agricultural profitability or changes in local farming practices. For potential investors or those looking to build property, these numbers could reflect underlying economic shifts and possibly less reliance on agriculture. Understanding this trend is crucial for anyone considering a move to, investment in, or development within this area.
Number of Mortgages by Occupancy Type in Claiborne County, TN Over the Last 5 Years in Claiborne County
Claiborne County, Tennessee has seen fluctuations in mortgage counts across different occupancy types over the last five years, notably in investment properties, principal residences, and second residences. Recently, principal residences have experienced the highest number of mortgages, peaking in 2021 with 1,609. Investment properties and second residences show more modest changes but still reflect notable trends, such as a 25% increase in investment property mortgages from 2019 to 2022. Changes in occupancy type impacts the market significantly. For investors, rising investment property mortgages might indicate growing rental demand or potential appreciation. For potential residents and real estate agents, the healthy numbers of mortgages for principal residences suggest stable or growing local demand. Additionally, these trends can affect insurance premiums and assessment values, and hint at economic stability or shifts within Claiborne County, guiding future development and investment decisions.
Economic Outlook
Claiborne County, Tennessee's average taxable income per tax return has seen a significant rise from $38,112.75 in 2013 to $53,040.42 in 2021, hinting at improved economic stability and earning potential. Meanwhile, state and local income taxes per tax return have experienced notable fluctuations, with peaks hitting $9,387.50 in 2021, suggesting economic shifts or policy changes. Furthermore, the average total tax liability per tax return increased from $4,914.81 in 2012 to $7,428.48 in 2021,... Read more
Average Taxable Income per Tax Return in Claiborne County, TN over the last 9 years
The average taxable income per tax return in Claiborne County, Tennessee has shown a noteworthy upward trend over the past nine years, with figures rising from $38,112.75 in 2013 to $53,040.42 in 2021. This gradual increase suggests a potential boost in economic stability and earning potential in the area, which can be attractive to investors, prospective homeowners, and real estate professionals. For appraisers and insurance agents, this steady rise in income levels may imply a corresponding increase in property values and insurable interests. The data also points to a broader economic improvement, making Claiborne County a potentially lucrative market for those considering building property or moving to the region.
Average State and Local Income Taxes Per Tax Return in Claiborne County, TN Over the Last 10 Years
Over the last decade, Claiborne County, Tennessee has seen notable fluctuations in average state and local income taxes per tax return. Following a relatively stable period, there was a sharp increase around 2018 and another significant rise in 2021, where the average reached $9,387.50. These shifts could indicate economic changes or policy adjustments impacting tax liabilities, making it an essential factor for potential investors, real estate professionals, and future residents to consider when evaluating the long-term financial landscape of the area.
Average Total Tax Liability Per Tax Return in Claiborne County, TN Over the Last 10 Years
Claiborne County, Tennessee has shown a steady increase in the average total tax liability per tax return over the last decade. Beginning at approximately $4,914.81 in 2012, the number saw a significant rise, peaking at $7,428.48 in 2021. This trend may indicate rising incomes or changes in tax policy in the county, which could affect investment decisions, potential property valuations, and insurance considerations. For real estate professionals and potential investors, the increasing tax liability might be a useful indicator of economic growth or shifts in the local financial landscape.
Cost of Living in Claiborne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $983 | $1,432 | $1,730 | $969 | $671 |
| 1 adult 4 children | $983 | $1,169 | $1,322 | $969 | $689 |
| 2 adults 3 children | $983 | $1,170 | $1,501 | $969 | $510 |
| 1 adult 3 children | $983 | $955 | $1,094 | $969 | $491 |
| 2 adults 2 children | $747 | $957 | $1,272 | $858 | $470 |
| 1 adult 2 children | $747 | $715 | $865 | $858 | $392 |
| 2 adults 1 child | $747 | $757 | $1,044 | $500 | $494 |
| 1 adult 1 child | $747 | $489 | $636 | $500 | $399 |
| 2 adults | $661 | $608 | $815 | $0 | $470 |
| 1 adult | $609 | $332 | $407 | $0 | $407 |
Safety trends & Data
Over the past five years, Claiborne County, Tennessee has experienced a significant decline in property crimes. Larceny-theft notably dropped from 106.00 cases in 2018 to just 30.00 in 2022, and burglaries fell from 28.00 instances to 7.00. These trends may attract potential real estate investors and homebuyers by indicating a safer environment. Nonetheless, minor fluctuations in other crimes like fraud suggest maintaining some level of... Read more
Property Crime Trends in Claiborne County, TN Over the Last 5 Years
Over the past five years, Claiborne County, Tennessee has seen a notable decline in property crimes. The most significant drops were in larceny-theft, from 106.00 cases in 2018 to just 30.00 in 2022, and burglary, which fell from 28.00 instances to 7.00 in the same period. Vandalism also considerably decreased, while embezzlement and motor vehicle theft incidents remained relatively low throughout the years. These trends could appeal to potential investors, real estate agents, and residents as indications of a safer environment. However, slight variations in other crimes like fraud suggest there's still a level of vigilance required.
Demographics
Claiborne County, Tennessee shows a slightly higher female than male population. Educational attainment data reveals a significant portion of adults have achieved at least a high school diploma, though fewer hold advanced degrees like a bachelor's or higher. Age distribution highlights potential needs for services or resources tailored to the substantial segments of the population under 10 and those between 55 to 74 years. Racially, the county is predominantly White, with minimal diversity... Read more
Race Distribution in Claiborne County, Tennessee (2022)
Educational Attainment in Claiborne County, Tennessee (2022)
Age Distribution in Claiborne County, Tennessee
Citizen Population in Claiborne County, Tennessee (2022)
Political Trends & Data
Claiborne County, Tennessee strongly leaned Republican in the 2020 U.S. Presidential Election, with about 82% of the vote. Democrats captured roughly 17%, showing a significant but smaller base. Third-party candidates barely made a dent, indicating that most voters stick with the two primary parties. This political leaning might influence local real estate decisions, as community values could align closely with conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Claiborne County, Tennessee, the 2020 U.S. Presidential Election saw a dominant trend with Republicans securing approximately 82% of the vote, reflecting a strong conservative leaning. Democrats garnered around 17%, suggesting a smaller but notable presence. Third-party candidates and independents collectively represented just over 1%, indicating limited traction outside the two main parties.
81.92% of voters voted for the Republican party in the 2020 Presidential Election
17.01% of voters voted for the Democrat party in the 2020 Presidential Election
1.07% of voters voted for the Other party in the 2020 Presidential Election
School Data
Claiborne County, Tennessee has seen its student-to-teacher ratio shift notably over the past decade, with a low of 12.9 in 2016 and a steady rise to 14.37 by 2023. This trend could potentially affect class sizes, individual student attention, and the overall educational quality in the area, aspects that may be crucial for investors, residents, and real estate agents who prioritize strong educational resources and community... Read more
Student-to-teacher ratio in Claiborne County, Tennessee over the last 10 years
Over the last decade, Claiborne County, Tennessee's student-to-teacher ratio has fluctuated, averaging close to or slightly below the national average. The ratio dipped as low as 12.9 in 2016 but has steadily risen, reaching 14.37 in 2023. These changes in the ratio could impact class size, individual student attention, and overall educational quality. Knowing this trend might be pivotal for potential investors, residents, real estate agents, and other stakeholders who are concerned with educational resources and community growth.
