Fentress County Real Estate and Livability Trends
In Fentress County, Tennessee, average taxable incomes climbed from $36,471.73 in 2013 to $57,226.25 in 2021, hinting at economic improvements and better earning opportunities. Median home values rose from $95,300 in 2015 to $137,000 in 2022, reflecting increased interest and investment potential. Noticeable fluctuations in residential energy tax credits, particularly a spike to $1,050.00 in... Read more
Fentress County Market Trends
Median home values in Fentress County, Tennessee, rose from $95,300 in 2015 to $137,000 in 2022, signaling increased interest and potential investment opportunities despite remaining affordable compared to state and national averages. Residential energy tax credits per tax return have notably fluctuated, spiking to $1,050.00 in 2021, possibly indicating growing investments in energy-efficient... Read more
Median Value of Occupied Housing Units in Fentress County, Tennessee Over the Last 8 Years
Median home values in Fentress County, Tennessee, have seen significant growth over the past 8 years, jumping from $95,300 in 2015 to $137,000 in 2022. Compared to Tennessee, where median values hit $232,100 in 2022, and the national median of $179,400, Fentress County remains more affordable but has experienced a similar upward trend. This rise could suggest growing interest and potential investment opportunities despite being below state and national averages.
Residential Energy Tax Credit Per Tax Return in Fentress County, TN Over the Last 7 Years
Fentress County, Tennessee has seen notable fluctuations in residential energy tax credits per tax return over the past seven years, with averages ranging from approximately $277.78 in 2014 to a significant spike at $1050.00 in 2021. This marked increase in recent years could suggest growing investments in energy-efficient home improvements, potentially offering substantial opportunities for real estate agents, appraisers, and investors focusing on sustainable living solutions. For those building or renovating properties, understanding this trend may help tailor projects to meet increasing demands for energy efficiency.
Average Real Estate Taxes Per Tax Return in Fentress County, TN Over the Last 10 Years
Fentress County, Tennessee has shown significant fluctuations in average real estate taxes per tax return over the last decade. Between 2012 and 2016, the averages hovered between approximately $1,237.29 and $1,473.77. However, from 2017 onwards, there was a notable uptick, peaking in 2018 at $2,792.86 and stabilizing between $2,500.00 and $2,775.00 through 2021. This rising trend, particularly after 2017, may impact investment decisions, property valuations, and insurance premiums, suggesting a growing financial responsibility for homeowners and potential investors.
Percentage of Farm Returns in Fentress County, TN Over the Last 10 Years
In Fentress County, Tennessee, the percentage of farm tax returns has seen some fluctuation over the last decade. Starting at around 7.93% in 2012, it peaked at about 8.45% in 2014 but then gradually declined to approximately 7.03% by 2020. Farm tax returns are essentially income tax returns for those whose main income is generated from farming activities. These returns can provide insights into the economic viability and activity level of the agricultural sector within the county. For investors and potential property developers, understanding these trends could indicate the stability and potential growth areas in the local agricultural economy, which may impact land values and investment appeal.
Number of Mortgages by Occupancy Type in Fentress County, TN Over the Last 5 Years in Fentress County
In the past five years, Fentress County, Tennessee has seen notable fluctuations in mortgage counts for different occupancy types. Principal Residence mortgages spiked significantly in 2020 and 2021, suggesting a possible response to market conditions or demographic shifts. In contrast, Investment Property mortgages have remained relatively stable but low, indicating limited investor interest. Second Residence mortgages saw a moderate increase in 2020 and 2021 but have otherwise been fairly consistent. These trends could matter because shifts in the types of properties being financed may influence local housing market dynamics, the risk assessment for insurers, and the decision-making process for appraisers, real estate agents, and potential investors. Understanding these patterns provides valuable insight into the county's residential landscape and economic health.
Economic Outlook
In Fentress County, Tennessee, the average taxable income has steadily increased from $36,471.73 in 2013 to $57,226.25 in 2021, hinting at a stronger local economy and better earning opportunities. This data is crucial for investors and real estate professionals as it suggests potential economic growth. Additionally, the average state and local income taxes have varied significantly, from $3,262.50 in 2014 to $8,175.00 in 2021, reflecting changing economic conditions or policies. The total tax... Read more
Average Taxable Income per Tax Return in Fentress County, TN over the last 9 years
Over the past nine years, Fentress County, Tennessee has seen a notable gradual increase in average taxable income per tax return. This figure has risen from approximately $36,471.73 in 2013 to around $57,226.25 in 2021, suggesting a growing economic base and potentially higher earning opportunities. For investors, real estate agents, or anyone considering the area, this trend may indicate a gradually strengthening local economy. It’s worth noting, especially, the significant jump between 2020 and 2021, which might hint at new economic developments or a broader statewide trend.
Average State and Local Income Taxes Per Tax Return in Fentress County, TN Over the Last 10 Years
Over the past decade, Fentress County, Tennessee has exhibited considerable variability in average state and local income taxes per tax return. The 10-year trends range from a low of approximately $3,262.50 in 2014 to a high near $8,175.00 in 2021. This fluctuation might indicate changing economic conditions or taxation policies that could be crucial for investors, potential residents, appraisers, and real estate professionals to consider. Notably, the sharp increase in recent years could suggest an evolving fiscal landscape, perhaps reflective of economic growth or demographic shifts within the county.
Average Total Tax Liability Per Tax Return in Fentress County, TN Over the Last 10 Years
In Fentress County, Tennessee, the average total tax liability per tax return has seen a significant increase over the last decade, peaking dramatically in 2021 at $8,858.02. This sharp rise could be indicative of various economic factors that might interest investors and real estate agents. For those building or appraising property, these fluctuations are crucial as they potentially reflect changing property values and economic growth. Insurance agents might also find this trend relevant when assessing risk and adjustments for coverage. Understanding these changes can provide deeper insights into the economic health and dynamics of Fentress County.
Cost of Living in Fentress County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $920 | $1,436 | $1,874 | $969 | $712 |
| 1 adult 4 children | $920 | $1,172 | $1,434 | $969 | $732 |
| 2 adults 3 children | $920 | $1,173 | $1,625 | $969 | $538 |
| 1 adult 3 children | $920 | $958 | $1,185 | $969 | $519 |
| 2 adults 2 children | $747 | $960 | $1,377 | $858 | $511 |
| 1 adult 2 children | $747 | $717 | $937 | $858 | $434 |
| 2 adults 1 child | $747 | $759 | $1,129 | $500 | $530 |
| 1 adult 1 child | $747 | $490 | $689 | $500 | $428 |
| 2 adults | $567 | $610 | $880 | $0 | $474 |
| 1 adult | $564 | $332 | $440 | $0 | $418 |
Safety trends & Data
In Fentress County, Tennessee, there's been an intriguing shift in property crime trends over the past five years. While incidents of larceny-theft plummeted from 81.00 in 2018 to 30.00 in 2022, potentially signaling enhanced security or economic conditions, fraud spiked to 20.00 in 2020 before decreasing again. Burglaries and motor vehicle thefts have remained relatively stable, with a notable rise in vandalism in 2021, which subsequently dropped. These crime dynamics could be quite telling... Read more
Property Crime Trends in Fentress County, TN Over the Last 5 Years
Over the past five years, Fentress County, Tennessee has seen varying trends in property crimes. Notably, incidents of larceny-theft have generally declined, from 81.0 in 2018 to 30.0 in 2022, indicating a potential improvement in security or economic conditions. Conversely, fraud cases peaked at 20.0 in 2020 but have since decreased, suggesting fluctuating vulnerabilities. The number of burglaries and motor vehicle thefts appears relatively stable, though vandalism showed an uptick in 2021 before dropping again. These trends can be significant for investors, appraisers, and real estate agents assessing the area's safety and the implications for property values.
Demographics
In Fentress County, Tennessee, the adult population is almost evenly split between males and females. Educational attainment shows a strong concentration of high school graduates and those with some college education but a modest proportion attaining higher degrees. Age distribution indicates a wider spread across all brackets, with notable clusters in the 45-64 age range, likely reflecting an aging population. Racial composition is predominantly White, with minimal representation from other... Read more
Race Distribution in Fentress County, Tennessee (2022)
Educational Attainment in Fentress County, Tennessee (2022)
Age Distribution in Fentress County, Tennessee
Citizen Population in Fentress County, Tennessee (2022)
Political Trends & Data
Fentress County, Tennessee's real estate market could be influenced by its strong conservative voter base, with Republicans possibly securing around 85% of the votes in the 2020 Presidential Election. This political leaning might suggest a community with values aligning more closely with conservative economic policies, potentially affecting local property demand and development. Although Democrats garnered only about 14% and other parties less than 1%, this dominant GOP preference hints at a... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Fentress County, Tennessee leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans possibly capturing around 85% of the votes. Democrats lagged significantly behind, capturing only about 14%, while other parties barely registered, collectively receiving less than 1% of the vote. This strong GOP preference may indicate a predominantly conservative voter base in the county.
85.24% of voters voted for the Republican party in the 2020 Presidential Election
13.91% of voters voted for the Democrat party in the 2020 Presidential Election
0.85% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Fentress County, Tennessee's student-to-teacher ratio has generally hovered around the national average of fourteen students per teacher, peaking at just under sixteen in 2019 and dipping to thirteen in 2016 and 2023. These fluctuations might hint at changes in educational quality and resource allocation. For prospective investors and families considering relocation, this metric can signal shifts in school funding and class size preferences, which could influence property... Read more
Student-to-teacher ratio in Fentress County, Tennessee over the last 10 years
Over the last decade, the student-to-teacher ratio in Fentress County, Tennessee has fluctuated, generally staying close to the national average of 14 students per teacher. Ratios peaked at just under sixteen in 2019 and dipped as low as thirteen in 2016 and 2023. These variations might influence educational quality and resource allocation. For prospective investors, families considering relocation, real estate agents, and those involved in local education, this metric can signal shifts in school funding and class size preferences, potentially impacting property values and community development trends.
