Davidson County Real Estate and Livability Trends
Davidson County, Tennessee, has demonstrated significant economic growth with average taxable income per tax return rising from $59,871.71 in 2013 to $111,257.22 in 2021, accompanied by higher state and local income taxes. Median home values have more than doubled from $169,600 in 2015 to $354,700 in 2022, significantly outpacing state and national trends. Property taxes have surged, likely... Read more
Davidson County Market Trends
Median home values in Davidson County, Tennessee have more than doubled from $169,600 in 2015 to $354,700 in 2022, outpacing state and national growth trends. Residential energy tax credits have shown spikes, suggesting increased adoption of energy-efficient improvements. Property taxes have surged from around $3,405.24 in 2012 to roughly $7,261.64 in 2021, pointing to rising property values and... Read more
Median Value of Occupied Housing Units in Davidson County, Tennessee Over the Last 8 Years
Median home values in Davidson County, Tennessee have surged from $169,600 in 2015 to $354,700 in 2022. Compared to the state's increase from $142,100 to $232,100 and the national rise from $125,500 to $179,400 over the same period, Davidson County's growth appears more robust. This trend suggests the area may offer strong investment potential and could be experiencing higher demand, making it attractive for those looking to move, invest, or develop property.
Residential Energy Tax Credit Per Tax Return in Davidson County, TN Over the Last 9 Years
Average residential energy tax credits per tax return in Davidson County, Tennessee have shown a general upward trend over the past nine years, with notable spikes in 2018 at $2,313.04 and a significant increase again in 2021 at $1,303.97. These increases could be tied to various incentives for energy-efficient home improvements and suggest an evolving market that places more value on sustainability. For investors, builders, and real estate agents, understanding these trends could highlight potential savings and investment opportunities. Insurance agents and appraisers might also consider the impact of these energy upgrades on property values and assessments.
Average Real Estate Taxes Per Tax Return in Davidson County, TN Over the Last 10 Years
Over the last decade, Davidson County, Tennessee has seen a noticeable increase in average real estate taxes per tax return, surging from around $3,405.24 in 2012 to approximately $7,261.64 in 2021. This upward trend, particularly the sharp rise starting in 2018, suggests rising property values and potentially changing tax rates. Such figures could be of particular interest to potential investors and real estate agents evaluating the area's market dynamics, insurance agents assessing risk profiles, and residents planning future financial commitments.
Percentage of Farm Returns in Davidson County, TN Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Davidson County, Tennessee, has seen a slight but consistent decline, from 0.35% in 2012 to 0.27% in 2021. Farm tax returns are essential indicators of agricultural activity, reflecting the economic contributions of farming within the county. This downward trend may suggest potential shifts in land use and economic priorities, an important consideration for those looking to invest, move, or develop property in the area.
Number of Mortgages by Occupancy Type in Davidson County, TN Over the Last 5 Years in Davidson County
Davidson County, Tennessee has seen interesting fluctuations in the number of mortgages by occupancy type over the last five years. Principal residence mortgages remained relatively high, peaking in 2021 with 60,106 loans. Investment property mortgages have shown a compelling rise, especially in 2021 with 7,089 loans, but saw a drop to 4,790 in 2022. Second residences hovered at lower values, peaking modestly in 2021 but declining significantly in 2022 to just 918 loans. Changes in occupancy type indicate shifting market dynamics; a rise in investment properties could signal growth in rental markets, potentially attracting investors. In contrast, decreasing principal residence mortgages in recent years might hint at affordability issues or changing housing preferences amidst the local population. These trends offer valuable insights for real estate agents, investors, and insurance agents, providing a snapshot of evolving market demands and potential areas of risk or opportunity.
Economic Outlook
Davidson County, Tennessee, has seen a steady rise in average taxable income per tax return, jumping from $59,871.71 in 2013 to $111,257.22 in 2021. This financial growth is accompanied by increasing state and local income taxes, climbing from $13,441.75 in 2012 to $39,501.10 in 2021, reflecting the county's economic dynamism but also hinting at higher living costs. Additionally, average total tax liability per tax return has generally increased, peaking at around $24,487.31 in 2021. These... Read more
Average Taxable Income per Tax Return in Davidson County, TN over the last 9 years
Davidson County, Tennessee has seen a notable upward trajectory in average taxable income per tax return over the past nine years. From $59,871.71 in 2013, it surged to $111,257.22 in 2021, indicating robust economic growth and increased earning potential. For investors and real estate agents, this trend could suggest a thriving market with potentially higher property values and demand. Insurance agents might find the rising incomes reflective of a client's increased coverage needs, while those planning to build property could see a promising environment given the area's apparent financial growth.
Average State and Local Income Taxes Per Tax Return in Davidson County, TN Over the Last 10 Years
Davidson County, Tennessee, has seen a notable upward trend in average state and local income taxes per tax return over the last decade, climbing from around $13,441.75 in 2012 to approximately $39,501.10 in 2021. This increasing tax burden could impact the financial decisions of potential investors, homebuyers, and real estate professionals, suggesting a growing but potentially costly market. Such figures may also influence insurance assessments and property valuations, reflecting the economic dynamism and escalating living costs in the area.
Average Total Tax Liability Per Tax Return in Davidson County, TN Over the Last 10 Years
Over the past decade, Davidson County, Tennessee has experienced a noticeable increase in average total tax liability per tax return. Starting at approximately $12,728.81 in 2012, liabilities have generally trended upwards, peaking sharply at around $24,487.31 by 2021. The most significant rise occurred between 2017 and 2018, reflecting the county’s changing economic landscape. These trends could indicate greater overall income levels or adjustments in tax rates, making it crucial for potential investors, property developers, and insurance agents to consider the evolving financial dynamics in this region.
Cost of Living in Davidson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,791 | $1,673 | $1,850 | $1,152 | $1,102 |
| 1 adult 4 children | $1,791 | $1,366 | $1,414 | $1,152 | $1,212 |
| 2 adults 3 children | $1,791 | $1,367 | $1,605 | $1,152 | $888 |
| 1 adult 3 children | $1,791 | $1,116 | $1,169 | $1,152 | $986 |
| 2 adults 2 children | $1,432 | $1,119 | $1,361 | $1,059 | $749 |
| 1 adult 2 children | $1,432 | $836 | $925 | $1,059 | $728 |
| 2 adults 1 child | $1,432 | $884 | $1,116 | $757 | $770 |
| 1 adult 1 child | $1,432 | $571 | $680 | $757 | $674 |
| 2 adults | $1,268 | $710 | $872 | $0 | $659 |
| 1 adult | $1,241 | $387 | $436 | $0 | $574 |
Safety trends & Data
Davidson County, Tennessee, has seen a marked decrease in property crimes, with larceny-theft arrests dropping from 3,878.00 incidents in 2018 to 1,218.00 by 2022. Burglary numbers have shown some fluctuation but peaked at 461.00 incidents in 2022, while vandalism incidents decreased to 672.00 by 2022. Fraud arrests have also seen a dramatic drop from 534.00 in 2018 to 166.00 in 2022. These trends may indicate better property security and evolving law enforcement strategies, making the area... Read more
Property Crime Trends in Davidson County, TN Over the Last 5 Years
The trends in Davidson County, Tennessee, show a notable decrease in larceny-theft arrests from 2018's 3,878.00 incidents to 1,218.00 in 2022. Burglary numbers have fluctuated, peaking in 2022 with 461.00 incidents. Vandalism saw a decline after 2018, falling to 672.00 incidents by 2022. Arson incidents remained relatively low but varied slightly year-on-year. Interestingly, fraud arrests dropped significantly from 2018's 534.00 to 166.00 in 2022. These trends suggest a possible improvement in property security or changes in law enforcement strategies, making Davidson County potentially attractive to investors and those looking to settle in areas demonstrating declining crime rates.
Demographics
Davidson County, Tennessee shows a relatively balanced gender distribution among adults. When it comes to education, over half of the population has attended some college, with bachelor’s or higher degrees being fairly common. The county's largest age group falls between 25 to 34 years, likely indicating a young workforce dominance. In terms of racial composition, the majority of the population is White, while Black or African American residents form the largest minority group. This blend of... Read more
Race Distribution in Davidson County, Tennessee (2022)
Educational Attainment in Davidson County, Tennessee (2022)
Age Distribution in Davidson County, Tennessee
Citizen Population in Davidson County, Tennessee (2022)
Political Trends & Data
Davidson County, Tennessee, shows a predominant Democratic lean, with approximately 64.5% of the vote in the 2020 U.S. Presidential Election favoring the Democratic candidate. Republicans captured around 32.4%, highlighting a significant yet smaller opposing base. Third-party and independent candidates collectively accounted for only about 3%, underscoring their minimal impact on the overall voting... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Davidson County, Tennessee shows a clear leaning towards the Democratic Party, capturing approximately 64.5% of the vote in the 2020 U.S. Presidential Election. Meanwhile, Republicans garnered around 32.4%, suggesting a divided yet predominantly Democratic electorate. Third-party and independent candidates collectively made up a small fraction, roughly 3%, indicating a minor influence in the voting landscape.
32.36% of voters voted for the Republican party in the 2020 Presidential Election
64.49% of voters voted for the Democrat party in the 2020 Presidential Election
3.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
Davidson County, Tennessee has seen its student-to-teacher ratio hover above the national average of 14 students per teacher, peaking at nearly 20 in 2022. This fluctuation is meaningful for potential investors, real estate agents, and residents, as a higher ratio might affect educational quality and property values. Insurance agents and property developers should note the potential for increased demand for educational... Read more
Student-to-teacher ratio in Davidson County, Tennessee over the last 10 years
The student-to-teacher ratio in Davidson County, Tennessee has fluctuated over the past decade, generally hovering above the national average of 14 students per teacher. Notably, the ratio peaked at nearly 20 in 2022, which could signal challenges in providing individualized attention to students. These trends are crucial for potential investors, appraisers, real estate agents, and those considering a move to understand, as higher ratios may impact overall educational quality and, consequently, property values. For insurance agents and those building property, awareness of higher student-to-teacher ratios might suggest a demand for additional educational infrastructure in the area.
