Decatur County Real Estate and Livability Trends
Decatur County, Tennessee's real estate market has shown notable appreciation, with median home values increasing from $90,500 in 2015 to $128,600 in 2022, presenting potentially attractive opportunities for buyers seeking affordability. The rising total tax liability per tax return, from $5,068.39 in 2012 to $7,239.40 in 2021, may reflect higher incomes or policy changes, suggesting economic... Read more
Decatur County Market Trends
Decatur County, Tennessee's real estate market has seen notable appreciation, with median home values rising from $90,500 in 2015 to $128,600 in 2022, providing a potentially attractive opportunity for buyers seeking more affordable options compared to state and national medians. The fluctuating trends in residential energy tax credits, peaking at $1,033.33 in 2021, reflect shifting investments... Read more
Median Value of Occupied Housing Units in Decatur County, Tennessee Over the Last 8 Years
Over the past eight years, the median home values in Decatur County, Tennessee, have shown a significant upward trend, appreciating from $90,500 in 2015 to $128,600 in 2022. While this growth is impressive, it's worth noting that Decatur County's median home values remain lower than both state and national medians. For example, in 2022, Tennessee's median value was $232,100 and the national median value was $179,400. This considerable gap may present investment opportunities for potential homebuyers seeking more affordable options within the state while still benefiting from substantial value growth.
Residential Energy Tax Credit Per Tax Return in Decatur County, TN Over the Last 5 Years
Decatur County, Tennessee has seen fluctuating trends in residential energy tax credits per tax return over the past five years, peaking dramatically in 2021 at an average of $1,033.33 compared to a low of $220.00 in 2016. This variability in energy tax credits suggests shifting investments in energy efficiency or residential energy systems, possibly influenced by changing state policies or incentives. Such fluctuations could be of interest to potential investors, real estate agents, and those looking to build or appraise property in the area, indicating periods of heightened attention to sustainable energy improvements.
Average Real Estate Taxes Per Tax Return in Decatur County, TN Over the Last 10 Years
Over the past decade in Decatur County, Tennessee, average real estate taxes per tax return have shown a considerable increase, rising from $1,179.59 in 2012 to a peak of $2,950.00 in 2020, before dropping slightly to $2,487.50 in 2021. This upward trend could indicate growing property values or changes in tax rates, making this potentially impactful for those considering property investments, real estate developments, or relocation in the area. Notably, the substantial jump between 2018 and 2020 might suggest significant economic or policy shifts that stakeholders should examine closely.
Percentage of Farm Returns in Decatur County, TN Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Decatur County, Tennessee has shown a slight decline. Starting at roughly 9.46% in 2012, the percentage dipped to approximately 8.17% by 2021, with a notable drop to 7.76% in 2020. Farm tax returns are filings by farmers who report their farm income and expenses for tax purposes. This trend might suggest either a reduction in the number of active farms or changes in accounting practices. Understanding these dynamics can be crucial for potential investors and those interested in agricultural opportunities in the region.
Number of Mortgages by Occupancy Type in Decatur County, TN Over the Last 5 Years in Decatur County
In Decatur County, Tennessee, the number of mortgages for principal residences has generally seen a robust increase over the past five years, peaking in 2021. Conversely, investment property mortgages have declined steadily, reflecting perhaps a shift in buyer priorities or market conditions. Second residence mortgages have fluctuated but remained relatively modest in comparison. Shifts in these occupancy types are crucial for prospective investors, potential residents, and real estate professionals as they indicate changing housing demands and market health. These trends can impact home values, rates of return on investment properties, and the need for specific types of insurance coverage. Understanding these dynamics helps in making informed decisions whether you're insuring a property, assessing its value, or planning new construction projects.
Economic Outlook
Decatur County, Tennessee has experienced a notable upward trend in the average taxable income per tax return, climbing from $38,018.86 in 2013 to $54,041.30 in 2021, possibly indicating growing economic stability and prosperity. Fluctuations in state and local income taxes, particularly from a peak of $5,520.00 in 2017 to a low of $3,100.00 in 2016, highlight potential shifts in tax policies or economic conditions. Additionally, the average total tax liability per tax return has consistently... Read more
Average Taxable Income per Tax Return in Decatur County, TN over the last 9 years
Decatur County, Tennessee has seen a notable upward trend in the average taxable income per tax return over the past nine years, starting at $38,018.86 in 2013 and climbing steadily to $54,041.30 in 2021. This increase may indicate growing economic stability and prosperity, which could make the county an attractive option for investors, potential residents, appraisers, insurance agents, and property developers. Real estate professionals might find this trend promising, suggesting a stronger market and potentially higher property values in the area.
Average State and Local Income Taxes Per Tax Return in Decatur County, TN Over the Last 6 Years
Decatur County, Tennessee has shown notable fluctuations in state and local income taxes per tax return over the last six years. From a peak of $5,520.00 in 2017 to a low of $3,100.00 in 2016, these changes highlight potential shifts in income levels, tax policies, or economic conditions. This variability could be a key factor for investors and residents to consider, particularly when evaluating long-term stability and financial planning within the region.
Average Total Tax Liability Per Tax Return in Decatur County, TN Over the Last 10 Years
Over the past decade in Decatur County, Tennessee, the average total tax liability per tax return has shown a consistent upward trend. Starting from $5,068.39 in 2012, there were minor fluctuations until 2017 when it crossed the $6,000 mark, peaking at $7,084.88 in 2020 and slightly rising to $7,239.40 in 2021. This indicates a general increase in taxpayer obligations, possibly reflecting rising incomes or changes in tax policies. This gradual rise may be of particular interest to property investors, real estate agents, and financial professionals evaluating the economic landscape for opportunities or risks in the area.
Cost of Living in Decatur County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $952 | $1,355 | $1,867 | $1,065 | $720 |
| 1 adult 4 children | $952 | $1,107 | $1,428 | $1,065 | $752 |
| 2 adults 3 children | $952 | $1,107 | $1,620 | $1,065 | $549 |
| 1 adult 3 children | $952 | $904 | $1,181 | $1,065 | $542 |
| 2 adults 2 children | $747 | $906 | $1,372 | $962 | $519 |
| 1 adult 2 children | $747 | $677 | $933 | $962 | $450 |
| 2 adults 1 child | $747 | $716 | $1,125 | $629 | $546 |
| 1 adult 1 child | $747 | $463 | $686 | $629 | $450 |
| 2 adults | $567 | $575 | $877 | $0 | $467 |
| 1 adult | $564 | $314 | $439 | $0 | $417 |
Safety trends & Data
In Decatur County, Tennessee, property crime trends over the past five years reveal some interesting fluctuations: burglary incidents peaked at 20.00 cases in 2020, while larceny-theft rose to 29.00 cases the same year. Motor vehicle theft stayed relatively flat, fluctuating from 6.00 to 8.00 cases annually, before dipping slightly to 5.00 cases in 2022. Vandalism didn't show any clear trend. For real estate stakeholders, these patterns may influence decisions, as cyclical crime rates can... Read more
Property Crime Trends in Decatur County, TN Over the Last 5 Years
Property crime in Decatur County, Tennessee shows some fluctuating trends over the last five years. Burglary incidents peaked in 2020 with 20.00 cases, while larceny-theft saw a notable increase the same year, reaching 29.00 cases. Interestingly, motor vehicle theft remained relatively steady, around 6.00 to 8.00 cases each year, with a slight decrease in 2022 to 5.00 cases. Vandalism cases varied but didn't show any clear upward or downward trend. Such data can be crucial for real estate agents, appraisers, and potential investors as it hints at the cyclical nature of certain types of property crime, potentially affecting insurance premiums and property values.
Demographics
In Decatur County, Tennessee, a majority of the adult population is female, albeit slightly. Educational attainment shows a significant number of high school graduates and those with some college education, though fewer residents hold advanced or professional degrees. The age distribution reveals a sizable segment of the population is middle-aged, with those between 55 to 64 years old forming the largest single group. Racially, the county is predominantly White, with very small minority... Read more
Race Distribution in Decatur County, Tennessee (2022)
Educational Attainment in Decatur County, Tennessee (2022)
Age Distribution in Decatur County, Tennessee
Citizen Population in Decatur County, Tennessee (2022)
Political Trends & Data
Real estate trends in Decatur County, Tennessee, could be influenced by its conservative political leanings, as evidenced by over 80% of votes potentially going to the Republican party in the 2020 U.S. Presidential Election. This political landscape might create a stable environment for property investments, given conservative policies that often favor property rights and lower taxes. On the flip side, the limited Democratic support, at just above 17%, might suggest fewer progressive... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Decatur County, Tennessee, showed a notable preference towards the Republican party in the 2020 U.S. Presidential Election, with over 80% of the votes potentially going their way. Democratic support trailed significantly, attracting just above 17% of the electorate. Minor parties like the Libertarian and Green did not seem to register, while miscellaneous votes made up a small fraction at just around 2%. These figures might suggest strong conservative leanings within this county.
80.69% of voters voted for the Republican party in the 2020 Presidential Election
17.25% of voters voted for the Democrat party in the 2020 Presidential Election
2.06% of voters voted for the Other party in the 2020 Presidential Election
School Data
Decatur County, Tennessee's recent trend towards smaller class sizes, dropping from a high of 15 students per teacher in 2015 to around 13 in 2023, with a notable dip to 12 in 2022, may appeal to families prioritizing individualized education. Being below the national average of 14, this change could be a key selling point for real estate agents and a signal of potential property value stability for investors and appraisers. Interestingly, insurers might also see this as a sign of community... Read more
Student-to-teacher ratio in Decatur County, Tennessee over the last 10 years
Decatur County, Tennessee has seen fluctuations in its student-to-teacher ratio over the last decade, with recent years indicating a favorable trend towards smaller class sizes. Notably, the ratio has decreased from a high of 15 in 2015 to around 13 in 2023, dipping as low as 12 in 2022. This is below the current national average of 14 students per teacher, which may appeal to families prioritizing individualized attention in education. For investors, real estate agents, and those planning to move to the area, this trend could signal a strong selling point, highlighting the potential for higher quality education. Additionally, insurance agents and appraisers might consider these trends as indicators of community investment in education, which often correlates with stable property values.
