Cocke County Real Estate and Livability Trends
In Cocke County, Tennessee, the average taxable income rose from $33,718.65 in 2013 to $45,967.04 in 2021, indicating economic growth that might positively impact property values. Median home values climbed from $99,500 in 2015 to $137,000 in 2022, suggesting investment opportunities due to lower entry prices relative to state and national averages. Property crimes have also decreased... Read more
Cocke County Market Trends
Cocke County, Tennessee has seen its median home values rise from $99,500 in 2015 to $137,000 in 2022, still lagging behind state and national averages, which could hint at potential investment opportunities due to lower entry prices. Additionally, residential energy tax credits have soared from $376.67 in 2013 to $1,487.50 by 2021, suggesting increased investments in energy-efficient upgrades... Read more
Median Value of Occupied Housing Units in Cocke County, Tennessee Over the Last 8 Years
Over the past eight years, Cocke County, Tennessee has seen its median home values increase from approximately $99,500 in 2015 to about $137,000 in 2022. While this represents significant growth, it is still notably lower than state and national averages; Tennessee's median home value has risen to $232,100 in 2022, and the national median has hit $179,400. This discrepancy could indicate potential investment opportunities in Cocke County for those looking to leverage lower entry prices in an appreciating market.
Residential Energy Tax Credit Per Tax Return in Cocke County, TN Over the Last 9 Years
Cocke County, Tennessee has seen a significant increase in average residential energy tax credits over the past nine years. Starting at around $376.67 in 2013, the value remained relatively stable until 2016 but experienced notable jumps thereafter. By 2017, it surged to $700.00 and soared to $1,233.33 in 2018. While there was a slight dip to $875.00 in 2019, the trend resumed its upward trajectory, reaching $1,487.50 by 2021. This steady growth potentially indicates rising investments in energy-efficient home improvements and could appeal to eco-conscious buyers and investors looking to capitalize on tax incentives.
Average Real Estate Taxes Per Tax Return in Cocke County, TN Over the Last 10 Years
Over the past decade, Cocke County, Tennessee has seen a notable increase in average real estate taxes per tax return, rising from approximately $1,598.41 in 2012 to about $3,461.11 in 2021. This upward trend, especially the significant jump between 2017 and 2018 to $2,866.67, could be indicative of rising property values and increased county expenditures. For investors, real estate agents, and potential homeowners, understanding these tax trends is crucial for pricing strategies, appraisals, and financial planning. Insurance agents and appraisers might see this as a signal for adjusting property valuations and coverage plans.
Percentage of Farm Returns in Cocke County, TN Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Cocke County, Tennessee has steadily declined, starting from 3.88% in 2012 and dipping to around 2.92% in 2021, with the lowest at approximately 2.77% in 2020. This trend might indicate a shift away from farming-based income or a consolidation of farm operations, which could be a pivotal insight for potential investors, property developers, and those considering moving to the area. Farm tax returns often reflect the economic viability of agriculture within a region, impacting decisions around investments in farmland, rural infrastructure, and local economies.
Number of Mortgages by Occupancy Type in Cocke County, TN Over the Last 5 Years in Cocke County
Over the past five years, Cocke County, Tennessee, has seen a consistent rise in the number of mortgages for principal residences, from 913 in 2018 to a peak of 1622 in 2021. Interestingly, investment property mortgages have also shown modest growth, moving from 27 in 2018 to 77 in 2022, while second residence mortgages have been relatively stable, peaking at 100 in 2021. These trends may be of interest to investors and real estate agents as they indicate a growing demand for various types of property. For those looking to move to or invest in the area, the increased mortgage activity, particularly for principal residences, could suggest a vibrant market and potential appreciation of property values. Insurance agents and appraisers might also note these patterns for risk assessment and property valuation purposes.
Economic Outlook
In Cocke County, Tennessee, the average taxable income has shown a steady growth from $33,718.65 in 2013 to $45,967.04 in 2021. This upward trend hints at a strengthening local economy, suggesting potential positive impacts on property values and investment opportunities. The average state and local income taxes have fluctuated, but have been on the rise since 2018, reaching $6,400.00 in 2021. Additionally, the total tax liability per tax return has gradually increased from around $4,154.99 in... Read more
Average Taxable Income per Tax Return in Cocke County, TN over the last 9 years
Cocke County, Tennessee has seen a noticeable upward trend in average taxable income over the past nine years, with figures rising from $33,718.65 in 2013 to $45,967.04 in 2021. This consistent growth suggests a strengthening local economy, potentially making the region more attractive for investors, real estate agents, and prospective homeowners. It's worth keeping in mind that this upward trend could impact property values and insurance premiums as the area continues to develop.
Average State and Local Income Taxes Per Tax Return in Cocke County, TN Over the Last 10 Years
Cocke County, Tennessee, has seen fluctuating average state and local income taxes per tax return over the past decade, with a notable spike in 2015 at $5600.00 and a consistent rise from 2018 onwards, culminating in $6400.00 in 2021. This variability could reflect changes in local economic conditions, tax policy adjustments, or demographic shifts, which are vital considerations for investors, homebuyers, and real estate professionals assessing the area’s financial landscape and potential for long-term stability and growth.
Average Total Tax Liability Per Tax Return in Cocke County, TN Over the Last 10 Years
Over the last decade, Cocke County, Tennessee has seen a gradual increase in average total tax liability per tax return, starting at approximately $4,154.99 in 2012 and rising to about $5,658.38 by 2021. This upward trend, despite minor fluctuations, indicates a growing financial commitment from residents. This data could be useful for investors, real estate agents, and insurers, highlighting potential economic growth or increasing property values in the county.
Cost of Living in Cocke County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,052 | $1,395 | $1,730 | $969 | $677 |
| 1 adult 4 children | $1,052 | $1,140 | $1,322 | $969 | $702 |
| 2 adults 3 children | $1,052 | $1,140 | $1,501 | $969 | $518 |
| 1 adult 3 children | $1,052 | $931 | $1,094 | $969 | $505 |
| 2 adults 2 children | $747 | $933 | $1,272 | $858 | $461 |
| 1 adult 2 children | $747 | $697 | $865 | $858 | $384 |
| 2 adults 1 child | $747 | $738 | $1,044 | $500 | $488 |
| 1 adult 1 child | $747 | $476 | $636 | $500 | $396 |
| 2 adults | $567 | $593 | $815 | $0 | $442 |
| 1 adult | $564 | $323 | $407 | $0 | $396 |
Safety trends & Data
Over the past five years, property crimes in Cocke County, Tennessee, have notably declined. Burglary cases decreased from 68 in 2018 to 17 in 2022, while larceny-theft cases dropped from 251 to 112. Motor vehicle theft also saw a reduction from 51 to 12. Though embezzlement, counterfeiting, and fraud showed some fluctuations, they remain minor overall. For those thinking about moving to or investing in Cocke County, these trends suggest improving safety and... Read more
Property Crime Trends in Cocke County, TN Over the Last 5 Years
Over the past five years, property crimes in Cocke County, Tennessee have shown a notable decline across several categories. Burglary dropped from 68 cases in 2018 to 17 in 2022, while larceny-theft decreased significantly from 251 to 112. Motor vehicle theft also declined from 51 to 12. Interestingly, embezzlement, counterfeiting, and fraud saw fluctuations but remained relatively minor in terms of sheer numbers. For anyone considering moving to or investing in Cocke County, these downward trends are a promising sign of improving safety and stability.
Demographics
Cocke County, Tennessee exhibits a diverse adult population, with slightly more females than males. The area has a notable number of residents with a high school diploma or less, which might suggest educational initiatives could be impactful. Age distribution demonstrates a considerable number of individuals in the 45 to 64-year age bracket, potentially indicating a mature workforce that could impact local economic planning. Racially, the population is predominantly White, but inclusive of... Read more
Race Distribution in Cocke County, Tennessee (2022)
Educational Attainment in Cocke County, Tennessee (2022)
Age Distribution in Cocke County, Tennessee
Citizen Population in Cocke County, Tennessee (2022)
Political Trends & Data
Cocke County, Tennessee, leaned heavily Republican in the 2020 U.S. Presidential Election, with potentially over 81% of votes for the GOP, while the Democratic Party received around 17%. This overwhelming preference for a two-party system, with negligible votes for other parties, suggests a strong, entrenched political leaning within the county, which could influence various local policies, including those affecting the real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cocke County, Tennessee, showed strong support for the Republican Party in the 2020 U.S. Presidential Election, with potentially over 81% of votes cast for the GOP. The Democratic Party seemed to garner significantly less backing, possibly around 17%. Votes for other parties, including Libertarian and Green, were negligible, indicating an overwhelmingly two-party preference. This trend may point to a deeply entrenched political leaning within the county.
81.85% of voters voted for the Republican party in the 2020 Presidential Election
17.05% of voters voted for the Democrat party in the 2020 Presidential Election
1.10% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cocke County, Tennessee's student-to-teacher ratio has varied between 12 and 15 students per teacher over the past decade, recently aligning closer to the national average of 14. This trend towards balanced classroom sizes might indicate more individualized attention for students, which could appeal to families and educators. For real estate investors and service providers, these factors might reflect a stable community with a strong emphasis on education, hinting at long-term neighborhood... Read more
Student-to-teacher ratio in Cocke County, Tennessee over the last 10 years
Cocke County, Tennessee has seen some fluctuation in its student-to-teacher ratio over the past decade, varying between 12 and 15 students per teacher. Recently, ratios have trended closer to the national average of 14 students per teacher, which may suggest relatively balanced classroom sizes. A lower student-to-teacher ratio can indicate more individualized attention for students, potentially translating to better educational outcomes and making the area appealing to families and educators. For anyone investing in real estate or providing services in Cocke County, these dynamics might hint at a stable community with a focus on education.
