Coffee County Real Estate and Livability Trends
Coffee County, Tennessee's median home values have surged from $113,100 in 2015 to $203,400 in 2022, outpacing national averages and signifying robust real estate value appreciation. Real estate taxes also nearly doubled, hitting $4,040.30 in 2021, which could correlate to higher property values or evolving tax policies. Interestingly, there’s been a steady rise in mortgages for principal... Read more
Coffee County Market Trends
Coffee County, Tennessee's median home values have nearly doubled from $113,100 in 2015 to $203,400 in 2022, outpacing the national growth rate. This makes the county particularly attractive for potential investors and homebuyers seeking value appreciation. Additionally, there have been significant fluctuations in the residential energy tax credit per tax return, with spikes in 2018 and other... Read more
Median Value of Occupied Housing Units in Coffee County, Tennessee Over the Last 8 Years
In Coffee County, Tennessee, median home values have seen substantial growth over the past eight years, rising from $113,100 in 2015 to $203,400 in 2022. This outpaces the national average, which increased from $125,500 to $179,400 during the same period. Although Tennessee's state-wide growth is also impressive, with values climbing from $142,100 to $232,100, Coffee County's specific market shows a localized surge likely attractive to potential homebuyers and investors. The comparative affordability and rapid appreciation make it an intriguing area for those looking to invest or settle down.
Residential Energy Tax Credit Per Tax Return in Coffee County, TN Over the Last 9 Years
In Coffee County, Tennessee, the residential energy tax credit per tax return has shown some significant fluctuations over the past nine years. Notably, there was a sharp increase in 2018 to $2000.00, which stands out compared to other years. While the credit was relatively stable and moderate in earlier years, 2019 and 2021 also saw notable increases to $508.33 and $1055.56, respectively. These variations might suggest shifting policies or incentives impacting residents' eligibility for energy-related tax credits. Investors, property developers, and insurance agents might find it interesting that these noticeable jumps could indicate growing local investment in energy-efficient technologies or upgrades.
Average Real Estate Taxes Per Tax Return in Coffee County, TN Over the Last 10 Years
Coffee County, Tennessee has seen a notable upward trend in average real estate taxes per tax return over the last decade, with figures rising from $2,140.24 in 2012 to $4,040.30 in 2021. This steady increase, especially the substantial jump between 2017 and 2018, may indicate growing property values or changes in local tax policies. For potential investors, appraisers, and real estate agents, this trend could suggest a hotter market and increased demand. On the flip side, current and prospective homeowners should consider the impact of higher property taxes on their budgets.
Percentage of Farm Returns in Coffee County, TN Over the Last 10 Years
The percentage of farm tax returns in Coffee County, Tennessee, over the last decade has shown a gradual decline, dropping from around 3.79% in 2012 to approximately 3.03% in 2021. Farm tax returns provide insight into the economic activity within the agricultural sector and can be indicative of broader economic health and land use trends in the area. For potential investors, property developers, and new residents, this decline might suggest a shift away from traditional farming, potentially opening up opportunities for other types of development or signaling changes in local land use priorities.
Number of Mortgages by Occupancy Type in Coffee County, TN Over the Last 5 Years in Coffee County
In Coffee County, Tennessee, mortgage counts for principal residences have consistently risen over the last five years, suggesting a growing demand for permanent homes which might be tied to population growth or economic stability. Investment property mortgages have remained relatively flat, indicating a possibly saturated market or stable investor interest. Second residence mortgages show a slight increase, hinting at a budding interest in vacation or secondary homes. Shifts in the types of occupancy could influence property valuations, insurance rates, and future development projects, making this data crucial for investors, appraisers, and real estate agents.
Economic Outlook
Over the past nine years, Coffee County, Tennessee has experienced a noticeable rise in average taxable income per tax return, climbing from $44,931.73 in 2013 to $62,258.09 in 2021, suggesting potential economic growth. State and local income taxes have seen a sharp increase, peaking at $9,477.78 in 2019 before leveling at $7,570.00 in 2021, which might reflect shifting fiscal policies. Total tax liability per tax return saw an upward trend from $6,576.20 in 2012 to $9,234.57 in 2021, possibly... Read more
Average Taxable Income per Tax Return in Coffee County, TN over the last 9 years
Over the past nine years, Coffee County, Tennessee has seen a steady increase in average taxable income per tax return, with a notable rise from $44,931.73 in 2013 to $62,258.09 in 2021. Although there was a slight dip in 2020, the general trend indicates potential economic growth and increasing affluence, making it a potentially attractive area for investors, real estate developers, and those in the appraisal and insurance sectors. This upward trajectory could reflect economic stability and improved living standards, which are critical considerations for anyone looking to move to or do business in Coffee County.
Average State and Local Income Taxes Per Tax Return in Coffee County, TN Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Coffee County, Tennessee fluctuated significantly. Most notably, there was a sharp increase in taxes from $4,447.83 in 2012 to a peak of $9,477.78 in 2019 before somewhat stabilizing at $7,570.00 in 2021. These trends might hint at economic growth or shifting fiscal policies, making it crucial for investors, real estate agents, and potential homeowners to consider local tax rates in their financial planning.
Average Total Tax Liability Per Tax Return in Coffee County, TN Over the Last 10 Years
Coffee County, Tennessee has seen a fluctuating but generally upward trend in average total tax liability per tax return over the last decade. Starting at approximately $6,576.20 in 2012 and peaking significantly at $9,234.57 in 2021, these changes could reflect shifts in local economic conditions, property values, and income levels. Notably, there was a notable increase between 2020 and 2021, possibly hinting at economic recovery post-COVID-19 or changes in tax policy impacting residents. This trend might interest potential investors, real estate professionals, and current residents as it suggests a growing or steady economic landscape in the region.
Cost of Living in Coffee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,057 | $1,456 | $1,970 | $969 | $769 |
| 1 adult 4 children | $1,057 | $1,189 | $1,508 | $969 | $823 |
| 2 adults 3 children | $1,057 | $1,189 | $1,709 | $969 | $597 |
| 1 adult 3 children | $1,057 | $971 | $1,247 | $969 | $580 |
| 2 adults 2 children | $790 | $974 | $1,447 | $858 | $527 |
| 1 adult 2 children | $790 | $727 | $985 | $858 | $447 |
| 2 adults 1 child | $790 | $769 | $1,186 | $500 | $544 |
| 1 adult 1 child | $790 | $497 | $724 | $500 | $437 |
| 2 adults | $604 | $618 | $924 | $0 | $484 |
| 1 adult | $600 | $337 | $462 | $0 | $423 |
Safety trends & Data
Over the past five years in Coffee County, Tennessee, larceny-theft numbers have steadily declined from 423.00 in 2018 to 233.00 in 2022, whereas burglary incidents recently surged to 63.00 in 2022. Motor vehicle theft has grown modestly since 2018, while fraud and vandalism rates show less predictable trends with notable peaks and troughs. These fluctuations can help investors, appraisers, and real estate agents identify areas of concern and opportunities, aiding in decision-making for... Read more
Property Crime Trends in Coffee County, TN Over the Last 5 Years
Over the past five years in Coffee County, Tennessee, property crime trends reveal significant fluctuations. Larceny-Theft consistently dominates, though its numbers have steadily declined from 423.00 in 2018 to 233.00 in 2022. Burglary shows mixed variation but has recently surged to 63.00 incidents in 2022, while Fraud and Vandalism rates appear less predictable, with notable peaks and troughs. Motor Vehicle Theft incidents have grown modestly since 2018. Understanding these trends can help investors, appraisers, and real estate agents identify areas of concern and opportunity, aiding in decision-making for property valuation and insurance underwriting.
Demographics
Coffee County, Tennessee, shows a roughly even gender distribution, with females slightly outnumbering males. Educational attainment reveals a workforce with a high prevalence of high school graduates, though a noticeable portion has not completed high school. Age demographics suggest a balanced mix, with a significant number in the under-10 and 55-64 age groups. The racial composition is predominantly White, with small percentages of Black, Asian, and other races. This diverse data tapestry... Read more
Race Distribution in Coffee County, Tennessee (2022)
Educational Attainment in Coffee County, Tennessee (2022)
Age Distribution in Coffee County, Tennessee
Citizen Population in Coffee County, Tennessee (2022)
Political Trends & Data
Coffee County, Tennessee, exhibited a strong preference for Republican candidates in the 2020 U.S. Presidential Election, with over 73% of the votes. The Democratic party garnered about 23%, while minor parties collectively managed around 2.9%. This conservative tilt might impact local real estate trends, possibly appealing to buyers or investors favoring traditionally Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Coffee County, Tennessee, the 2020 U.S. Presidential Election showed a significant leaning towards the Republican party, capturing over 73% of the votes, while the Democratic party received roughly 23%. Minor parties and other affiliations had a marginal presence, with others totaling just about 2.9%. This trend could suggest a strong conservative base in the county, potentially influencing local and state politics.
73.65% of voters voted for the Republican party in the 2020 Presidential Election
23.49% of voters voted for the Democrat party in the 2020 Presidential Election
2.86% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Coffee County, Tennessee has seen its student-to-teacher ratio peak at about 15 students per teacher from 2015 to 2017 before dropping to its lowest at around 13 in 2021, below the national average of 14. This trend could suggest improvements in education quality due to smaller class sizes, making the area more appealing for families and signaling a stable, potentially growing community. Real estate agents can leverage this as a significant selling point, while investors... Read more
Student-to-teacher ratio in Coffee County, Tennessee over the last 10 years
Over the last decade, Coffee County, Tennessee has seen fluctuations in its student-to-teacher ratio, peaking at around 15 students per teacher from 2015 to 2017. However, the ratio began to drop in 2018 and reached its lowest point in 2021 with about 13 students per teacher, below the national average of 14 students per teacher. This trend might hint at potential improvements in education quality due to smaller class sizes, which could appeal to families considering relocating to the area. For real estate agents, this can be a notable selling point, while investors might see it as a sign of a stable and potentially growing community. Insurance agents and appraisers can also view these metrics as indicative of a more robust, family-friendly environment.
