Crockett County Real Estate and Livability Trends
Crockett County, Tennessee has witnessed substantial economic improvement, with average taxable income climbing from $42,070.91 in 2013 to $55,454.37 in 2021, suggesting a more favorable investment environment. Median home values jumped from $92,000 in 2015 to $127,000 in 2022, lagging behind state and national trends but reflecting local growth. Fluctuations in residential energy tax credits and... Read more
Crockett County Market Trends
In Crockett County, Tennessee, median home values have surged significantly from $92,000 in 2015 to $127,000 in 2022, yet they remain markedly lower than the state median of $232,100. Nationally, values increased from $125,500 to $179,400, surpassing both county and state growth rates. Interestingly, residential energy tax credits in Crockett have fluctuated, peaking at $700.00 in 2017 and... Read more
Median Value of Occupied Housing Units in Crockett County, Tennessee Over the Last 8 Years
Crockett County, Tennessee has experienced a significant upward trend in median home values over the last eight years, jumping from $92,000 in 2015 to $127,000 in 2022. While this growth is substantial, Crockett County's home values remain notably lower compared to Tennessee's state median, which surged from $142,100 to $232,100 during the same period. Nationally, median home values also rose, moving from $125,500 to $179,400, reflecting a broader trend of increasing property costs but still outpacing both the county and state growth rates. For potential investors or residents, these trends suggest that Crockett County could offer more affordable entry points into the housing market while still benefiting from general value appreciation.
Residential Energy Tax Credit Per Tax Return in Crockett County, TN Over the Last 7 Years
Crockett County, Tennessee, has seen significant fluctuations in average residential energy tax credits per tax return over the past seven years. The tax credit reached a high of $700.00 in 2017 but dropped to $333.33 in 2016. More recently, the credit bounced back to $650.00 in 2021. The variability suggests possible changes in energy policies or varying levels of resident investment in energy-efficient upgrades, crucial for potential investors and property developers to consider.
Average Real Estate Taxes Per Tax Return in Crockett County, TN Over the Last 10 Years
Over the last decade in Crockett County, Tennessee, average real estate taxes per tax return showed a notable upward trend, particularly accelerating after 2017 when figures rose from $1,433.33 to a peak of $2,111.11 in 2020. Although there was a dip to $1,870.00 in 2021, this significant increase could influence property investment decisions. Higher real estate taxes might suggest rising property values, impacting potential returns for investors and considerations for both current and prospective homeowners.
Percentage of Farm Returns in Crockett County, TN Over the Last 10 Years
In Crockett County, Tennessee, the percentage of farm tax returns over the past decade shows a slight downward trend. Starting at around 6.00% in 2012, there was a gradual decrease, hovering around 5.00% in recent years, with some minor fluctuations. This trend could indicate shifts in agricultural economic conditions or demographic changes affecting farm ownership and operations. For potential investors, property developers, and new residents, farm tax returns provide insight into agricultural activity's financial health, affected by market forces, policy changes, and local economic conditions. Lower percentages might suggest fewer active or profitable farms, which could impact land value and local services dependent on agricultural revenue. Understanding this trend is crucial for making informed decisions.
Number of Mortgages by Occupancy Type in Crockett County, TN Over the Last 5 Years in Crockett County
Mortgage trends in Crockett County, Tennessee, over the past five years reveal that the bulk of mortgage activity is for principal residences, which consistently dominate the market with counts ranging from 411 to 582 per year. Investment property mortgages have seen a significant decline, dropping from 37 in 2019 to a low of 10 in 2022. Meanwhile, second residences hold minimal market share with numbers never exceeding 5 per year. Changes in occupancy types matter for several reasons: a higher proportion of principal residence mortgages typically indicates a stable, committed population, which can offer reassurance to local investors and developers. Conversely, a decline in investment property mortgages might suggest fewer opportunities for rental income or flipping properties, affecting potential revenue streams for real estate investors and appraisers. Insurance agents might also adjust their risk assessments based on these trends, as different occupancy types pose varied risk profiles.
Economic Outlook
Crockett County, Tennessee has seen a rise in average taxable income per tax return from $42,070.91 in 2013 to $55,454.37 in 2021, potentially making it more attractive for investors and residents. This income growth might support higher property values. State and local income taxes have been fluctuating, reaching $5,900.00 in 2017 after dipping to $2,233.33 in 2014. Total tax liability has generally increased from about $6,450.00 in 2012 to $8,265.27 in 2021, indicating a possibly improving... Read more
Average Taxable Income per Tax Return in Crockett County, TN over the last 9 years
Crockett County, Tennessee has seen a steady rise in average taxable income per tax return over the past nine years. From $42,070.91 in 2013 to $55,454.37 in 2021, this growth trend could make the county increasingly attractive for investors, potential residents, and real estate agents. For those in the property market or considering relocation, these income increases likely support higher property values and may signal a strengthening local economy. Appraisers and insurance agents might see this as a cue for reevaluating property appraisals and adjusting insurance premiums respectively.
Average State and Local Income Taxes Per Tax Return in Crockett County, TN Over the Last 6 Years
Over the last six years, residents in Crockett County, Tennessee, have experienced fluctuating average state and local income taxes per tax return. From a high of $4,800.00 in 2012, it dipped to $2,233.33 in 2014, then steadily climbed back up, reaching $5,900.00 by 2017. This volatility might suggest a dynamic financial landscape, potentially affecting decisions around property investments and influencing appraisals and insurance rates.
Average Total Tax Liability Per Tax Return in Crockett County, TN Over the Last 10 Years
Over the past decade, Crockett County, Tennessee has seen a general upward trend in average total tax liability per tax return, with values rising from approximately $6,450.00 in 2012 to about $8,265.27 in 2021. Notably, there were some fluctuations, particularly in 2014 and 2018 where liabilities saw slight dips. For those considering investments or property developments, this gradual increase might suggest an improving economic climate or rising incomes. Real estate agents and appraisers could find this information useful for setting property values and advising clients on potential tax liabilities. Property insurance agents may also want to take note, as higher tax liabilities could correlate with more valuable properties.
Cost of Living in Crockett County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $999 | $1,331 | $1,904 | $899 | $694 |
| 1 adult 4 children | $999 | $1,087 | $1,456 | $899 | $716 |
| 2 adults 3 children | $999 | $1,087 | $1,652 | $899 | $529 |
| 1 adult 3 children | $999 | $888 | $1,204 | $899 | $513 |
| 2 adults 2 children | $796 | $890 | $1,400 | $820 | $505 |
| 2 adults 1 child | $796 | $704 | $1,148 | $564 | $550 |
| 1 adult 2 children | $796 | $665 | $952 | $820 | $432 |
| 1 adult 1 child | $796 | $454 | $700 | $564 | $454 |
| 2 adults | $605 | $565 | $897 | $0 | $481 |
| 1 adult | $592 | $308 | $448 | $0 | $429 |
Safety trends & Data
Crockett County, Tennessee has experienced significant changes in property crime trends over the past five years. Burglary incidents plummeted from 21.0 in 2018 to just 3.0 in 2022, while larceny-theft rates peaked at 29.0 in 2020 before declining to 7.0 in 2022. Fraud cases spiked to 31.0 in 2019 but have since stabilized around 3.0 annually. Motor vehicle theft and vandalism rates have shown minor yearly changes, remaining relatively steady. These crime patterns offer valuable insights for... Read more
Property Crime Trends in Crockett County, TN Over the Last 5 Years
Crockett County, Tennessee has seen notable fluctuations in property crime over the past five years. Burglary incidents have decreased dramatically from 21.0 in 2018 to just 3.0 by 2022. However, larceny-theft has been relatively volatile, peaking at 29.0 in 2020 before dropping to 7.0 in 2022. Fraud cases spiked in 2019 with 31.0 incidents but have since stabilized to around 3.0 yearly. Motor vehicle theft and vandalism rates have remained fairly constant, with minor annual variations. Prospective investors, real estate agents, and insurance providers should group make note of these patterns when considering the area's risk profile and market potential.
Demographics
Crockett County, Tennessee shows a gender distribution skewed slightly towards females. Educational attainment reveals a large proportion of high school graduates but a significant number of adults who didn't finish high school. Age-wise, the county has a relatively even spread across different age groups, with a notable drop in the younger adult population. Racially, the county is predominantly White, with smaller representations of African American and other racial groups. These demographic... Read more
Race Distribution in Crockett County, Tennessee (2022)
Educational Attainment in Crockett County, Tennessee (2022)
Age Distribution in Crockett County, Tennessee
Citizen Population in Crockett County, Tennessee (2022)
Political Trends & Data
In Crockett County, Tennessee, the 2020 U.S. Presidential Election seemed to highlight a notable Republican preference, possibly capturing around 76% of the vote. The Democratic party trailed at about 23%, hinting at a strong conservative presence that might shape local and state political landscapes without much third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Crockett County, Tennessee, the 2020 U.S. Presidential Election possibly showcased a significant lean toward the Republican party, which captured approximately 76% of the vote. The Democratic party appeared to trail behind with around 23%, while third parties collectively made negligible impact. This pattern may suggest a strong conservative presence in the county, potentially influencing local and state politics.
76.43% of voters voted for the Republican party in the 2020 Presidential Election
22.60% of voters voted for the Democrat party in the 2020 Presidential Election
0.96% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Crockett County, Tennessee, the student-to-teacher ratio has fluctuated over the last decade, peaking at 16:1 in 2019 before tapering down to 14:1 in 2023, aligning closely with the national average. This trend could attract investors or homebuyers, considering lower ratios often signal better education quality—a potential booster for real estate values and community appeal. For appraisers and insurers, these shifts might indicate changing demands for educational facilities and related... Read more
Student-to-teacher ratio in Crockett County, Tennessee over the last 10 years
Over the last decade, Crockett County, Tennessee has seen fluctuations in its student-to-teacher ratio, peaking in 2019 at 16 students per teacher before gradually decreasing to 14 in 2023. Compared to the national average of 14 students per teacher, Crockett County's current ratio aligns closely. These changes can be significant for potential investors or homebuyers as lower student-to-teacher ratios often suggest a better-quality education system, a factor that may influence real estate values and community appeal. For appraisers and insurance agents, these trends might indicate shifting demands in educational facilities and associated property risks. Real estate agents and developers could find this data crucial for marketing and planning, as families often prioritize areas with favorable student-to-teacher ratios.
