Cumberland County Real Estate and Livability Trends
Cumberland County, Tennessee has seen a notable rise in median home values from $139,500 in 2015 to $199,800 in 2022, suggesting a reliably growing yet somewhat more affordable market compared to the state average. Rising real estate taxes, peaking at $2,931.11 in 2020, likely reflect appreciating property values and increased demand. The local trend towards energy-efficient upgrades indicated by... Read more
Cumberland County Market Trends
Cumberland County, Tennessee, shows a steady rise in median home values from $139,500 in 2015 to $199,800 in 2022, indicating a reliably growing market that remains somewhat more affordable compared to the state average. The notable peak in residential energy tax credits in 2021 at $735.90 suggests a local trend toward energy-efficient upgrades, which could signal increased interest in... Read more
Median Value of Occupied Housing Units in Cumberland County, Tennessee Over the Last 8 Years
Cumberland County, Tennessee, has seen a consistent rise in median home values over the past eight years, with significant gains in recent years. The median value jumped from $139,500 in 2015 to $199,800 in 2022, maintaining a competitive stance compared to the national values, which grew from $125,500 to $179,400 over the same period. While the values for the entire state of Tennessee increased more dramatically from $142,100 to $232,100 during these years, Cumberland County's steady growth suggests a reliable, if not more affordable, market for potential buyers. This trend could attract investors looking for sustainable appreciation and families seeking more budget-friendly options within the state.
Residential Energy Tax Credit Per Tax Return in Cumberland County, TN Over the Last 9 Years
Cumberland County, Tennessee has seen noticeable fluctuations in the average residential energy tax credit per tax return over the last nine years, with a notable peak in 2021 at $735.90. Earlier years show relatively stable but lower averages, hovering around the mid $300s. A significant uptick begins in 2018, suggesting increased investment in energy-efficient home upgrades, likely driven by evolving incentives and rising energy costs. This trend could indicate a growing local interest in sustainability, offering potential opportunities for real estate agents, investors, and property developers focused on eco-friendly homes.
Average Real Estate Taxes Per Tax Return in Cumberland County, TN Over the Last 10 Years
Over the past decade, Cumberland County, Tennessee has experienced an upward trend in average real estate taxes per tax return. Starting from roughly $1,460.10 in 2012, there's been a noticeable increase, peaking at $2,931.11 in 2020 before a slight decrease to $2,803.66 in 2021. This steady rise in property taxes might reflect the growing demand and appreciating property values in the area, providing crucial insights for investors, potential homeowners, and stakeholders assessing the long-term economic tendencies of Cumberland County.
Percentage of Farm Returns in Cumberland County, TN Over the Last 10 Years
Farm tax returns—used as an economic indicator—have shown gradual declines in Cumberland County, Tennessee over the last decade, dropping from approximately 3.08% in 2012 to 2.77% in 2021. These returns reflect decreased agricultural economic activity, potentially pointing to shifting land use patterns or other economic influences. For investors and residents, these trends might suggest a move away from traditional farming, possibly opening doors for alternative land development opportunities, rural tourism, or diversified agricultural ventures.
Number of Mortgages by Occupancy Type in Cumberland County, TN Over the Last 5 Years in Cumberland County
Cumberland County, Tennessee has seen fluctuating trends in mortgage counts by occupancy type over the last five years, with principal residences dominating the market. A substantial decline occurred in 2022, possibly indicating market corrections or external economic factors. Changes in the occupancy type can impact investment strategies, as a rise in investment properties might suggest a more competitive rental market, whereas a higher number of principal residences could indicate stable long-term community investments. Understanding these shifts is crucial for potential investors, real estate agents, or appraisers to gauge the attractiveness and stability of the property landscape.
Economic Outlook
Cumberland County, Tennessee has shown a substantial increase in average taxable income per tax return, jumping from $44,016.62 in 2013 to $63,890.12 by 2021, with notable surges between 2017-2018 and 2020-2021. While state and local income taxes per tax return have fluctuated over the last decade, there’s been a marked rise since 2018, peaking at $7,868.42 in 2020. Additionally, the average total tax liability per tax return has generally risen over the past ten years, climbing from... Read more
Average Taxable Income per Tax Return in Cumberland County, TN over the last 9 years
Over the last nine years, there's been a noticeable increase in the average taxable income per tax return in Cumberland County, Tennessee. Beginning at $44,016.62 in 2013, it saw a steady rise, reaching $63,890.12 by 2021. The most significant jumps were observed between 2017 and 2018, and then again from 2020 to 2021. This upward trend might indicate growing economic stability and potentially better earning opportunities in the region, making it an interesting prospect for potential investors, real estate agents, and individuals looking to relocate.
Average State and Local Income Taxes Per Tax Return in Cumberland County, TN Over the Last 10 Years
Cumberland County, Tennessee has seen fluctuations in state and local income taxes per tax return over the last decade, with a notable increase since 2018. Taxes peaked significantly in 2020 at $7868.42, nearly $2000 higher than in 2019, suggesting a trend that might be relevant for investors and new residents. This variability could impact property taxes and insurance premiums, making it crucial for real estate agents, appraisers, and builders to stay informed about these trends as they navigate the local market.
Average Total Tax Liability Per Tax Return in Cumberland County, TN Over the Last 10 Years
Over the past decade, Cumberland County, Tennessee has seen a mostly upward trend in the average total tax liability per tax return, with notable increases in 2014 and 2021. Residents experienced a jump from $6,506.37 in 2012 to $9,170.57 in 2021, with brief dips in 2017 and 2019. This rising tax burden could indicate growing property values or changes in tax policies, details crucial for investors, potential movers, real estate agents, and insurance agents assessing the market's financial implications.
Cost of Living in Cumberland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,083 | $1,496 | $1,874 | $969 | $769 |
| 1 adult 4 children | $1,083 | $1,222 | $1,434 | $969 | $802 |
| 2 adults 3 children | $1,083 | $1,222 | $1,625 | $969 | $582 |
| 1 adult 3 children | $1,083 | $998 | $1,185 | $969 | $583 |
| 2 adults 2 children | $762 | $1,000 | $1,377 | $858 | $510 |
| 1 adult 2 children | $762 | $747 | $937 | $858 | $428 |
| 2 adults 1 child | $762 | $791 | $1,129 | $500 | $526 |
| 1 adult 1 child | $762 | $511 | $689 | $500 | $420 |
| 2 adults | $620 | $635 | $880 | $0 | $479 |
| 1 adult | $616 | $346 | $440 | $0 | $419 |
Safety trends & Data
Cumberland County, Tennessee has experienced fluctuating property crimes over the past five years, particularly in burglaries and larceny-theft with peaks in 2018 and 2021 (52.00 and 55.00, respectively) for burglaries, and spikes in 2018 and 2020 (196.00 and 191.00) for larceny-theft. There’s also been a noticeable rise in fraud cases, jumping to 52.00 in 2022. This variable crime landscape could be crucial for investors and real estate agents in evaluating risk factors, while insurance... Read more
Property Crime Trends in Cumberland County, TN Over the Last 5 Years
Over the last five years in Cumberland County, Tennessee, property crimes like burglary and larceny-theft have fluctuated, with notable peaks in 2018 and 2021 for burglaries (52.0 and 55.0, respectively) and a spike in larceny-theft in 2018 and 2020 (196.0 and 191.0, respectively). Embezzlement and fraud rates have shown relative consistency, although there was a significant increase in fraud in 2022 (52.0). Arson incidents have remained low but saw a slight increase in recent years. These trends indicate varying property crime dynamics which might interest investors, real estate agents, and insurance agents in assessing the area's risk factors and economic stability.
Demographics
Cumberland County, Tennessee's adult population shows a slightly higher number of females compared to males. The county’s educational attainment highlights a notable portion of residents holding only a high school diploma or some college experience without obtaining a degree. The age distribution skews older, with a significant segment aged 55 and above, potentially pointing towards a retiree-friendly environment. Racially, the area is predominantly White, with very limited representation... Read more
Race Distribution in Cumberland County, Tennessee (2022)
Educational Attainment in Cumberland County, Tennessee (2022)
Age Distribution in Cumberland County, Tennessee
Citizen Population in Cumberland County, Tennessee (2022)
Political Trends & Data
Cumberland County, Tennessee, showed a strong preference for the Republican party in the 2020 U.S. Presidential Election, with nearly 78% of the votes potentially favoring the GOP. Meanwhile, the Democratic party secured just over 20%, highlighting the county's conservative lean. Third-party and independent candidates captured about 1% of the vote, suggesting minimal impact on the broader political landscape. This voting pattern may mirror local voter priorities and could influence... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cumberland County, Tennessee, showed a strong preference for the Republican party in the 2020 U.S. Presidential Election, with nearly 78% of the votes possibly favoring the GOP. The Democratic party garnered just over 20%, indicating that the county leans heavily conservative. Other parties like the Libertarian and Green parties seemed to have minimal impact, while independent or third-party candidates collectively received around 1% of the vote. This might reflect the broader political landscape and voter priorities within the county.
77.97% of voters voted for the Republican party in the 2020 Presidential Election
20.84% of voters voted for the Democrat party in the 2020 Presidential Election
1.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Cumberland County, Tennessee, the fluctuating student-to-teacher ratios, ranging between 14 and 15 over the last decade, particularly peaking at 15.44 in 2020, slightly above the national average, could sway investment decisions and real estate values. These variations might reflect the local education environment, influencing families' relocation choices and impacting housing demand. Lower ratios, signaling better learning conditions, could attract more families and boost property values,... Read more
Student-to-teacher ratio in Cumberland County, Tennessee over the last 10 years
Over the last decade, student-to-teacher ratios in Cumberland County, Tennessee have fluctuated noticeably, with figures varying between 14 and 15 students per teacher. Peaks occurred in 2017 and 2020, with ratios hitting 15.19 and 15.44. This consistently hovers around or slightly above the national average of 14 students per teacher. Shifts in these ratios can influence investment decisions, real estate values, and even insurance premiums. Lower ratios often reflect more favorable learning environments, which can attract families and, in turn, drive up demand for housing and services in the area. Conversely, higher ratios may indicate resource strain, potentially deterring new residents or investments. Appraisers, insurance agents, and developers might find this data indicative of the area's educational standing and population trends.
