Dyer County Real Estate and Livability Trends
Dyer County, Tennessee has seen a notable upward trend in median home values, climbing from $98,800 in 2015 to $148,900 in 2022, indicating potentially attractive investment opportunities. Average taxable income per tax return also rose significantly, from approximately $43,802.88 in 2013 to about $64,215.55 in 2021, coupled with increased mortgage counts for principal residences, reflecting... Read more
Dyer County Market Trends
Over the last 8 years, median home values in Dyer County, Tennessee, have jumped from $98,800 in 2015 to $148,900 in 2022, suggesting potential for affordable investment compared to state and national levels. Residential energy tax credits per tax return have seen a general increase, with a sharp rise to $710.00 in 2021, indicating a growing market for energy-efficient homes driven by policy... Read more
Median Value of Occupied Housing Units in Dyer County, Tennessee Over the Last 8 Years
Over the last 8 years, the median home values in Dyer County, Tennessee, have seen a significant increase, rising from $98,800 in 2015 to $148,900 in 2022. Although this growth is substantial, home values in Dyer County still lag behind state and national levels. By comparison, Tennessee's median home values escalated from $142,100 in 2015 to $232,100 in 2022, and the national figures jumped from $125,500 to $179,400 over the same period. This suggests that Dyer County could present a more affordable investment opportunity while still experiencing upward value trends, potentially making it an attractive option for both investors and those looking to move to a less costly area of Tennessee.
Residential Energy Tax Credit Per Tax Return in Dyer County, TN Over the Last 8 Years
Dyer County, Tennessee has seen fluctuating but generally increasing residential energy tax credits per tax return over the past eight years. While the average credit hovered around $319.00 in 2013 and 2014, it dipped slightly in the following two years before climbing sharply to $710.00 in 2021. This upward trend suggests that residents might be increasingly investing in energy-efficient home improvements, possibly spurred by policy incentives or rising energy costs. These insights could be valuable for investors, real estate agents, and anyone involved in property development or home appraisals, indicating a growing market for energy-efficient homes.
Average Real Estate Taxes Per Tax Return in Dyer County, TN Over the Last 10 Years
Dyer County, Tennessee has shown a notable upward trend in average real estate taxes per tax return over the past decade. Starting at $1,685.19 in 2012, taxes steadily increased, peaking dramatically at $3,500.00 in 2019. This substantial rise, especially the marked jump in 2018, reflects either increased property values or changing tax policies, making it pertinent for investors, homebuyers, and real estate professionals to evaluate potential implications on property affordability and investment returns. For insurance agents and appraisers, these data points could signal a shift in local economic conditions, potentially influencing property valuations and risk assessments.
Percentage of Farm Returns in Dyer County, TN Over the Last 10 Years
The percentage of farm returns in Dyer County, Tennessee has shown minor fluctuations over the past decade, typically hovering around the 2.9% to 3.1% range. This relatively stable trend suggests a consistent agricultural presence in the county. For potential investors and residents, these figures could indicate a steady, albeit small, sector of agriculture that might be worth exploring. Farm tax returns, which reflect income from farming activities, offer insights into the economic contributions and health of the agricultural sector in the area. With percentages not seeing dramatic changes, this might imply a certain level of economic stability, albeit without significant growth spurts in recent years. For those thinking about property investment or relocation, it’s intriguing to consider how this stability influences the broader economic landscape of the county.
Number of Mortgages by Occupancy Type in Dyer County, TN Over the Last 5 Years in Dyer County
Dyer County, Tennessee has seen a distinct trend in mortgage counts with principal residence mortgages rising significantly over the past five years, jumping from 1,090 in 2018 to 1,795 in 2021 with a slight dip to 1,326 in 2022. Investment properties have remained relatively stable around 75-85 mortgages annually, while second residence loans have consistently remained in the low teens. These shifts suggest a robust demand for primary housing, possibly driven by population growth or economic factors, making principal residences an attractive sector for investors and real estate agents. Meanwhile, the stable investment property market may indicate a steady interest in rental or income-generating properties, important for appraisers and insurance agents assessing long-term stability. For potential residents and builders, understanding these dynamics can offer insights into which markets are thriving and where opportunities might lie.
Economic Outlook
Dyer County, Tennessee has seen a general upward trend in average taxable income per tax return, rising from approximately $43,802.88 in 2013 to about $64,215.55 in 2021. Notable peaks were observed in 2017 and 2021, hinting at economic shifts or demographic changes. Meanwhile, average state and local income taxes per return have fluctuated, peaking at $10,100.00 in 2020, reflecting broader trends or local policy changes. The average total tax liability per return showed volatility but trended... Read more
Average Taxable Income per Tax Return in Dyer County, TN over the last 9 years
Average taxable income per tax return in Dyer County, Tennessee has seen a general upward trend over the last nine years. From 2013 to 2021, figures fluctuated but exhibited a noticeable increase, rising from approximately $43,802.88 in 2013 to about $64,215.55 in 2021. Notable jumps occurred in 2017 and 2021, indicating economic shifts or demographic changes that could be relevant for investors and real estate agents analyzing market potential or income growth. Economic patterns reflected in these data points could influence property values, insurance rates, and investment opportunities in the area.
Average State and Local Income Taxes Per Tax Return in Dyer County, TN Over the Last 10 Years
Dyer County, Tennessee, has seen notable fluctuations in average state and local income taxes per tax return over the past decade, peaking significantly at $10,100.00 in 2020. These variations could reflect broader economic trends or local policy changes, offering a potentially fruitful landscape for investors and property developers alike. For appraisers, insurance agents, and real estate professionals, understanding these tax trends is crucial for accurate valuations and risk assessments. Prospective residents should consider these tax changes in their financial planning, as they may impact the overall cost of living in the region.
Average Total Tax Liability Per Tax Return in Dyer County, TN Over the Last 10 Years
In Dyer County, Tennessee, the average total tax liability per tax return has shown both volatility and upward trends over the past decade. A notable peak occurred in 2021 with an average liability of $12,517.54, a significant increase compared to the previous years. While certain years such as 2013 and 2018 saw lower values around $7,226.49 and $7,254.63 respectively, the general movement appears to lean towards higher tax liabilities. This trend could impact property investment calculations, insurance premiums, and the overall cost of living, making it a critical factor for anyone considering financial engagements in the area.
Cost of Living in Dyer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,079 | $1,399 | $1,867 | $969 | $727 |
| 1 adult 4 children | $1,079 | $1,143 | $1,428 | $969 | $781 |
| 2 adults 3 children | $1,079 | $1,143 | $1,620 | $969 | $569 |
| 1 adult 3 children | $1,079 | $933 | $1,181 | $969 | $546 |
| 2 adults 2 children | $759 | $936 | $1,372 | $858 | $489 |
| 1 adult 2 children | $759 | $699 | $933 | $858 | $410 |
| 2 adults 1 child | $759 | $740 | $1,125 | $500 | $512 |
| 1 adult 1 child | $759 | $478 | $686 | $500 | $413 |
| 2 adults | $586 | $594 | $877 | $0 | $462 |
| 1 adult | $582 | $324 | $439 | $0 | $408 |
Safety trends & Data
Dyer County, Tennessee has seen noteworthy fluctuations in property crime over the past five years, with a significant peak in larceny-theft at 416.00 incidents in 2020, dropping to 192.00 by 2022. Burglary incidents have generally declined, reaching 32.00 in 2022 from a high of 52.00 in 2020. Motor vehicle theft remained relatively stable, while vandalism incidents decreased from 58.00 in 2018 to 44.00 in 2022. These trends might interest those considering investing in or moving to Dyer... Read more
Property Crime Trends in Dyer County, TN Over the Last 5 Years
Over the past five years, Dyer County, Tennessee has seen fluctuating levels of property crime. Notably, larceny-theft has consistently been the most common crime, peaking at 416.00 incidents in 2020 before decreasing to 192.00 in 2022. In contrast, burglary incidents varied but showed a general decline from a high of 52.00 in 2020 to 32.00 in 2022. Motor vehicle theft remained relatively stable, while vandalism saw a decrease from 58.00 incidents in 2018 to 44.00 in 2022. These trends could be valuable for anyone looking to invest, move to, or engage in real estate activities in Dyer County, reflecting possible shifts in community safety over the years.
Demographics
In Dyer County, Tennessee, the adult population appears slightly skewed towards females with 13,104 males and 14,731 females. The educational attainment suggests a workforce that is primarily high school graduates, some of whom have pursued higher education. Age distribution indicates a sizeable proportion of residents are aged 45 and older, which might impact healthcare and retirement services in the area. The racial composition is predominantly White, with African Americans making up a... Read more
Race Distribution in Dyer County, Tennessee (2022)
Educational Attainment in Dyer County, Tennessee (2022)
Age Distribution in Dyer County, Tennessee
Citizen Population in Dyer County, Tennessee (2022)
Political Trends & Data
In Dyer County, Tennessee, 2020 Presidential Election data suggests a dominant Republican influence, with candidates capturing around 78% of the vote, compared to just over 20% for Democrats. The negligible impact from third parties like Libertarians and Greens indicates a strong, enduring conservative voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dyer County, Tennessee, Republican candidates appeared to have a strong hold in the 2020 U.S. Presidential Election, capturing roughly 78% of the vote. Democrats, on the other hand, secured just over 20%, which suggests a significant Republican lean in this area. Other parties, including Libertarian and Green, were virtually negligible, indicating minimal impact from alternative political movements. This trend may highlight a predominantly conservative voter base in the county.
78.04% of voters voted for the Republican party in the 2020 Presidential Election
20.94% of voters voted for the Democrat party in the 2020 Presidential Election
1.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past ten years, the student-to-teacher ratio in Dyer County, Tennessee has decreased from 15 students in 2014 to just over 14 students in 2023, aligning more closely with the national average. This trend suggests improved individual attention for students and potentially better educational outcomes, which could appeal to those considering investments, relocations, or property developments. For appraisers, insurance agents, and real estate professionals, this indicates a strengthening... Read more
Student-to-teacher ratio in Dyer County, Tennessee over the last 10 years
Over the past ten years, the student-to-teacher ratio in Dyer County, Tennessee has shown a gradual decline from 15 students in 2014 to just over 14 students in 2023. This recent trend brings Dyer County closer to the national average of 14 students per teacher, suggesting potentially improved individual attention and educational outcomes for students. For those considering investments, relocations, or property developments, this could translate to a more appealing educational environment. Appraisers, insurance agents, and real estate professionals might note this as a sign of strengthening community value, making Dyer County a more attractive option in Tennessee for families prioritizing education.
