Clay County Real Estate and Livability Trends
Clay County, Tennessee has seen its median home values increase from $94,000 in 2015 to $132,500 in 2022, indicating a growth rate that may attract investors and buyers seeking affordable yet appreciating properties. The residential energy tax credit spiked to $433.33 in 2021, suggesting heightened focus on energy-efficient home investments. Meanwhile, real estate taxes have more than doubled... Read more
Clay County Market Trends
Clay County, Tennessee has seen its median home values jump from $94,000 in 2015 to $132,500 in 2022. While still below the state and national medians, its faster appreciation rate could attract investors and those hunting for affordable homes with growth potential. The residential energy tax credit also spiked to $433.33 in 2021, possibly reflecting heightened energy-efficient investments by... Read more
Median Value of Occupied Housing Units in Clay County, Tennessee Over the Last 8 Years
Over the past eight years, Clay County, Tennessee has seen its median home values trend upward, with a particularly strong surge from $94,000 in 2015 to $132,500 in 2022. Although still lower than the state median of $232,100 in 2022, Clay County's home values have been rising more rapidly in recent times. When compared to both Tennessee and the national median value of $179,400 for 2022, Clay County offers a more affordable option with potential for appreciation. This could make it an appealing area for investors looking for growth opportunities or for those seeking more cost-effective housing options without straying too far from market trends.
Residential Energy Tax Credit Per Tax Return in Clay County, TN Over the Last 6 Years
In Clay County, Tennessee, the average residential energy tax credit per tax return has shown some fluctuations over the past six years. The year 2021 observed a notable increase to approximately $433.33, which could potentially be linked to boosted incentives or increased energy-efficient investments by homeowners. However, 2014 had a striking dip to around $166.67, suggesting less uptake. This trend highlights varying levels of investment in energy-efficient improvements, perhaps influenced by changing financial incentives or the economic landscape. This data can be significant when appraising property value, assessing market trends, or making investment decisions.
Average Real Estate Taxes Per Tax Return in Clay County, TN Over the Last 10 Years
Clay County, Tennessee has seen a notable rise in average real estate taxes per tax return over the last decade. Starting from $1,627.27 in 2012, the amount fluctuated before a distinct upward trend began around 2018, hitting $2,000.00 that year and reaching $3,433.33 by 2021. This escalating tax landscape indicates growing property values and potential investment opportunities, though it may also reflect increasing costs for existing homeowners. For real estate agents, appraisers, and insurance agents, understanding this spike can help in strategic planning and advising clients.
Percentage of Farm Returns in Clay County, TN Over the Last 10 Years
Clay County, Tennessee has seen a modest fluctuation in the percentage of farm tax returns over the last decade, oscillating between approximately 12.29% and 13.80% from 2012 to 2019, with a notable dip to around 10.09% in 2020. These figures can offer some insights for potential investors and residents interested in the agricultural landscape of the area. Farm tax returns generally reflect the volume of farming business activity and are indicative of the local agricultural economy's health. This steady, though slightly declining, trend could suggest a stable yet gradually shifting agricultural sector that might be of interest for those looking to invest in or develop property in the region.
Number of Mortgages by Occupancy Type in Clay County, TN Over the Last 5 Years in Clay County
Clay County, Tennessee has seen a varying demand for mortgages across different occupancy types over the last 5 years. The number of principal residences has noticeably increased, particularly between 2019 and 2022, indicating a growing interest in the area as a primary place to live. This trend can catch the attention of investors, real estate agents, and developers as the market for primary residences might have promising returns. Conversely, investment properties showed a slight decline, which could suggest a potentially saturated market or shifting investor preferences. Those considering secondary residences will find stable interest, but it's slightly lower than years past, possibly due to the higher focus on principal residences. Fluctuations in these data points matter profoundly for appraisers and insurance agents, as they can signal shifts in property value and demand, impacting risk assessments and pricing models.
Economic Outlook
Clay County, Tennessee has seen the average taxable income per tax return grow steadily from $31,840.54 in 2013 to $47,289.25 in 2021, indicating a possibly improving economic situation that could catch the eye of real estate investors and developers. The average state and local income taxes have fluctuated, peaking at $3,966.67 in 2016 before settling to $3,633.33 in 2017, which could impact financial planning for potential stakeholders. Additionally, the average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Clay County, TN over the last 9 years
Over the past nine years, Clay County, Tennessee has seen a steady increase in the average taxable income per tax return, growing from $31,840.54 in 2013 to $47,289.25 in 2021. This growth may suggest an improving economic situation and rising incomes, which could be attractive for real estate investors and developers considering the area's potential for new residential and commercial projects. Additionally, the trends in taxable income can offer valuable insights for insurance agents and appraisers assessing property values and risk. For those looking to move to or invest in Clay County, this consistent increase in average taxable income could be a positive indicator of the region's economic health and stability.
Average State and Local Income Taxes Per Tax Return in Clay County, TN Over the Last 6 Years
Over the past six years, Clay County, Tennessee has experienced notable fluctuations in average state and local income taxes per tax return. Rising from $2,400.00 in 2012 to $3,966.67 in 2016, there's been a significant increase in tax obligations. However, recent years show a slight decline to $3,633.33 in 2017. These variable tax rates could influence financial planning for potential investors, property developers, and residents, affecting the overall attractiveness and cost of living in the area.
Average Total Tax Liability Per Tax Return in Clay County, TN Over the Last 10 Years
Over the past decade, Clay County, Tennessee has experienced a notable increase in the average total tax liability per tax return. Starting at $4,058.46 in 2012, the figure saw fluctuations but predominantly an upward trajectory, reaching $6,810.13 by 2021. Particularly significant jumps happened between 2018 and 2019, as well as from 2020 to 2021, pointing to potential economic factors or policy changes influencing these increases. This trend might interest potential investors, real estate agents, or those considering relocation to Clay County, as it could reflect growing economic activity or shifts in tax policy impacting overall fiscal responsibilities.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,062 | $1,440 | $1,874 | $969 | $760 |
| 1 adult 4 children | $1,062 | $1,176 | $1,434 | $969 | $796 |
| 2 adults 3 children | $1,062 | $1,176 | $1,625 | $969 | $577 |
| 1 adult 3 children | $1,062 | $960 | $1,185 | $969 | $580 |
| 2 adults 2 children | $747 | $963 | $1,377 | $858 | $509 |
| 1 adult 2 children | $747 | $719 | $937 | $858 | $431 |
| 2 adults 1 child | $747 | $761 | $1,129 | $500 | $528 |
| 1 adult 1 child | $747 | $492 | $689 | $500 | $426 |
| 2 adults | $593 | $611 | $880 | $0 | $479 |
| 1 adult | $589 | $333 | $440 | $0 | $422 |
Safety trends & Data
Over the last five years, Clay County, Tennessee, has experienced significant fluctuations in property crime, with larceny-theft peaking in 2018 at 23 incidents but dropping dramatically to 8 by 2022. Burglary arrests peaked at 9 in 2019 before plummeting to just 1 in 2022. Vandalism incidents also saw a spike in 2019 but were down to 4 by 2022. These trends may suggest a general decline in certain property crimes, potentially easing concerns for property investors and new... Read more
Property Crime Trends in Clay County, TN Over the Last 5 Years
Over the last five years, Clay County, Tennessee, has experienced fluctuating levels of property crime. Notably, larceny-theft incidents peaked in 2018 with 23 reported cases but dropped to 8 cases by 2022. Burglary arrests saw a significant jump from 2 in 2018 to 9 in 2019 before declining sharply to just 1 in 2022. Vandalism incidents rose in 2019 to 14 but were down to 4 by 2022. While motor vehicle theft and instances of fraudulent activities have shown variances, spurts of arson in 2020, albeit low, indicate nuanced concerns. These trends suggest an overall decline in specific types of property crime, offering potential reassurances for property investors and new residents.
Demographics
Clay County, Tennessee, shows a slight female majority in its adult population and a predominantly white demographic. Education-wise, the majority hold at least a high school diploma, though quite a number didn't advance past high school. The age distribution indicates a significant older adult population, with a notable number of residents over 55, suggesting the county might have a large retired... Read more
Race Distribution in Clay County, Tennessee (2022)
Educational Attainment in Clay County, Tennessee (2022)
Age Distribution in Clay County, Tennessee
Citizen Population in Clay County, Tennessee (2022)
Political Trends & Data
Clay County, Tennessee's strong Republican preference in the 2020 U.S. Presidential Election, with nearly 78% of votes, indicates a solid conservative leaning. Democrats securing a bit over 20% shows a notable yet minor presence. With minor parties and independents capturing less than 2%, the voter base appears quite stable with little party fluctuation. This highlights the county's consistent political landscape, which could have implications for local policies and real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clay County, Tennessee saw a strong Republican preference in the 2020 U.S. Presidential Election, with nearly 78% of votes cast for the Republican candidate. Democrats managed a little over 20%, suggesting limited but notable support. Minor parties and independents barely registered, with less than 2% combined. These numbers might hint at a predominantly conservative voter base with minimal fluctuation in party allegiance.
77.95% of voters voted for the Republican party in the 2020 Presidential Election
20.96% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% of voters voted for the Other party in the 2020 Presidential Election
School Data
Clay County, Tennessee, has seen notable changes in its student-to-teacher ratio, peaking at around 17 students per teacher in 2020 before dropping to about 13 in 2023. This improvement suggests better resource allocation and educational investments, potentially enhancing the area's appeal for homebuyers and investors due to better school quality—an aspect closely tied to property values and community... Read more
Student-to-teacher ratio in Clay County, Tennessee over the last 10 years
Clay County, Tennessee, has experienced fluctuations in its student-to-teacher ratio over the past decade. While the national average is 14 students per teacher, Clay County saw a peak in 2020 with approximately 17 students per teacher, potentially impacting class quality and individual attention. However, recent years show a positive downturn, with the ratio dropping to about 14 in 2022 and further to 13 in 2023, which is more favorable compared to the national average, suggesting improvements in resource allocation and educational investments. For those looking to move to or invest in this area, better student-to-teacher ratios could be a sign of improving education quality, which can influence property values and community growth.
