Gibson County Real Estate and Livability Trends
In Gibson County, Tennessee, the median home values have surged from $89,200 in 2015 to $130,900 in 2022, presenting a more affordable market compared to state and national averages. Average taxable income per tax return increased from $41,075.51 in 2013 to $57,173.27 by 2021, indicating an area ripe for investment. The average residential energy tax credit per tax return peaked at $1,500.00 in... Read more
Gibson County Market Trends
Gibson County, Tennessee, has seen its median home values grow from $89,200 in 2015 to $130,900 in 2022, showcasing a more affordable market compared to state and national averages. The average residential energy tax credit per tax return peaked at $1,500.00 in 2018 but was around $758.82 in 2021, hinting at increasing energy-efficient home investments. Real estate taxes have steadily risen,... Read more
Median Value of Occupied Housing Units in Gibson County, Tennessee Over the Last 8 Years
Gibson County, Tennessee, has seen a consistent rise in median home values from $89,200 in 2015 to $130,900 in 2022. While this growth is impressive for the local market, it still lags behind the statewide median, which climbed from $142,100 to $232,100 over the same period. Nationally, the median home value increased from $125,500 to $179,400. This suggests that although Gibson County is experiencing growth, home values remain more affordable compared to broader state and national averages. For those looking to invest, move, or build in Gibson County, this could indicate potential for value appreciation while still allowing for more accessible entry points compared to other areas.
Residential Energy Tax Credit Per Tax Return in Gibson County, TN Over the Last 9 Years
Gibson County, Tennessee has experienced fluctuations in the average residential energy tax credit per tax return over the past nine years. From a low of approximately $347.62 in 2015 to a notable peak of $1,500.00 in 2018, the data reveals a considerable volatility. Though the credit amounts saw a general rise after the 2015 dip, 2021 records show around $758.82, suggesting improvements in energy-efficient home investments. This trend could interest real estate agents and prospective homeowners by indicating potential future savings opportunities, while appraisers and insurance agents might see this as a factor in property valuations and risk assessments.
Average Real Estate Taxes Per Tax Return in Gibson County, TN Over the Last 10 Years
Over the past decade, Gibson County, Tennessee has seen a notable increase in average real estate taxes per tax return. Starting at approximately $1,574.82 in 2012, the taxes have steadily risen, witnessing a sharp spike in 2018 to $2,602.08 and peaking at $2,902.33 in 2021. This trend could suggest a growing demand for real estate within the county, which might be of interest to investors, real estate agents, and those considering relocation to the area. Additionally, appraisers and insurance agents might want to account for this upward trend when valuing properties or setting premiums.
Percentage of Farm Returns in Gibson County, TN Over the Last 10 Years
In Gibson County, Tennessee, the percentage of farm tax returns saw a modest fluctuation over the past decade, starting at roughly 3.62% in 2012 and gradually declining to around 2.96% by 2021. Farm tax returns indicate the economic activities and income reported from agricultural operations, which could be integral for understanding the agricultural viability and economic health of the area. This decline might suggest shifts in agricultural profitability or changes in the farming landscape within Gibson County, potentially impacting real estate decisions, investment opportunities, and development strategies for those considering rural or agricultural ventures in the area.
Number of Mortgages by Occupancy Type in Gibson County, TN Over the Last 5 Years in Gibson County
Trends in Gibson County, Tennessee show a substantial increase in mortgages for principal residences over the past five years, peaking in 2021. This surge suggests heightened residential demand, likely impacting property values and encouraging new residential developments. The relatively stable numbers for investment properties indicate consistent interest, useful for those eyeing rental markets. Second residences remain a minimal share, hinting at limited appeal for vacation homes. Understanding these patterns aids investors, developers, and real estate professionals in making informed decisions that align with current market dynamics.
Economic Outlook
In Gibson County, Tennessee, average taxable income per tax return has risen from $41,075.51 in 2013 to $57,173.27 by 2021, hinting at a region ripe for investment and development. Average state and local income taxes per tax return show variability, from $3,386.67 in 2013 to $6,720.00 in 2021, which may reflect changing economic conditions or policy shifts. Additionally, the average total tax liability per tax return has grown from $5,811.72 in 2012 to $7,937.97 in 2021, indicating a... Read more
Average Taxable Income per Tax Return in Gibson County, TN over the last 9 years
Over the past nine years in Gibson County, Tennessee, average taxable income per tax return has shown a clear upward trend, starting at approximately $41,075.51 in 2013 and steadily increasing to around $57,173.27 by 2021. This growth indicates a potentially prosperous region that's drawing interest for investment and development. Such increases could attract real estate agents, appraisers, and builders considering new projects, as well as insurance agents adjusting their policies to reflect increasing valuations. This positive trajectory in taxable income suggests an attractive environment for both current residents and those looking to move to Gibson County.
Average State and Local Income Taxes Per Tax Return in Gibson County, TN Over the Last 10 Years
Over the past decade, Gibson County, Tennessee has seen fluctuations in average state and local income taxes per tax return, ranging from as low as $3,386.67 in 2013 to as high as $6,720.00 in 2021. This variability may suggest changing economic conditions, policy adjustments, or shifts in local income levels. Notably, the increases post-2017 could attract attention from potential investors looking at tax implications, while current residents and real estate professionals might find this data useful in understanding the local economic trends that could impact property values and other financial decisions.
Average Total Tax Liability Per Tax Return in Gibson County, TN Over the Last 10 Years
The average total tax liability per tax return in Gibson County, Tennessee has shown steady growth over the past decade, signaling an economic uplift. From $5,811.72 in 2012 to $7,937.97 in 2021, there's a clear upward trend that could be appealing to potential investors and real estate professionals. This suggests a growing tax base that might be indicative of increased income levels or property values. For insurance agents and appraisers, these figures could imply higher premiums and valuations. For those considering building property or moving to the area, it's worth noting the potential for rising costs and economic stability.
Cost of Living in Gibson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,041 | $1,331 | $1,904 | $899 | $684 |
| 1 adult 4 children | $1,041 | $1,087 | $1,456 | $899 | $703 |
| 2 adults 3 children | $1,041 | $1,087 | $1,652 | $899 | $522 |
| 1 adult 3 children | $1,041 | $888 | $1,204 | $899 | $503 |
| 2 adults 2 children | $747 | $890 | $1,400 | $820 | $472 |
| 2 adults 1 child | $747 | $704 | $1,148 | $564 | $518 |
| 1 adult 2 children | $747 | $665 | $952 | $820 | $392 |
| 1 adult 1 child | $747 | $454 | $700 | $564 | $422 |
| 2 adults | $605 | $565 | $897 | $0 | $465 |
| 1 adult | $556 | $308 | $448 | $0 | $404 |
Safety trends & Data
Gibson County, Tennessee, has had fluctuating property crime trends over the last five years. Larceny-theft topped the chart, peaking with 90 incidents in 2021 but decreasing to 59 in 2022. Burglary varied, peaking at 39 in 2020, then dropping to 27 in 2022. Motor vehicle thefts notably increased in 2021 with 29 cases before slightly dropping in 2022. These patterns could be valuable for those considering investment or real estate moves in the area, indicating a generally fluctuating but... Read more
Property Crime Trends in Gibson County, TN Over the Last 5 Years
Gibson County, Tennessee, has seen fluctuating property crime trends over the last five years. Larceny-theft consistently tops the chart, peaking in 2021 with 90 incidents but showing a decrease to 59 in 2022. Burglary incidents varied, with a high of 39 in 2020, followed by a drop to 27 in 2022. Motor vehicle thefts increased notably in 2021, reaching 29 cases before dropping slightly in 2022. Fraud and vandalism have remained relatively stable, while embezzlement and arson reflect minor changes. These patterns could be valuable for those considering investment or real estate moves in the area, indicating a generally fluctuating but noticeable trend in property-related crimes.
Demographics
Gibson County, Tennessee's 2022 demographic trends reveal a slight female majority in its adult population. Age-wise, the distribution hints at a relatively balanced spread across age groups, with notable concentrations in the 55-64 and 35-44 brackets, potentially impacting local healthcare and job markets. Educational attainment shows a strong high school completion rate, though a lower percentage move on to higher education, which could influence the county's economic prospects. Racially,... Read more
Race Distribution in Gibson County, Tennessee (2022)
Educational Attainment in Gibson County, Tennessee (2022)
Age Distribution in Gibson County, Tennessee
Citizen Population in Gibson County, Tennessee (2022)
Political Trends & Data
Gibson County, Tennessee, reported about 73% of votes favoring Republican candidates in the 2020 U.S. Presidential Election, while around 26% went Democrat, highlighting a notable partisan divide. Support for third parties, including Libertarian and Green, was minimal, suggesting a strong two-party system preference in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Gibson County, in Tennessee, demonstrated a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with approximately 73% of voters casting their ballots for Republican candidates. In contrast, around 26% sided with the Democrats, reflecting a significant partisan divide. Voters showed nominal support for other parties, with minimal percentages for Libertarian, Green, and other parties, underscoring a largely two-party preference in this county.
72.80% of voters voted for the Republican party in the 2020 Presidential Election
25.84% of voters voted for the Democrat party in the 2020 Presidential Election
1.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Gibson County, Tennessee's student-to-teacher ratio fluctuated over the past decade, peaking at 16.81 in 2019 and recently dropping to 14.96 in 2023, close to the national average of 14. This trend might affect education quality, school ratings, property values, and community satisfaction. For investors and potential movers, recognizing these trends could guide decisions on property investments and long-term planning. Higher ratios may signal resource constraints, while falling numbers could... Read more
Student-to-teacher ratio in Gibson County, Tennessee over the last 10 years
Over the past decade, Gibson County, Tennessee experienced a fluctuating student-to-teacher ratio, peaking at 16.81 in 2019 and more recently narrowing to 14.96 in 2023. This represents a decline that brings the ratio closer in line with the national average of 14 students per teacher. These shifts are significant because they can affect the quality of education and individualized attention students receive, potentially impacting school ratings, property values, and community satisfaction. For investors, real estate agents, and those considering a move to the area, understanding these trends could influence decisions on property investments and long-term plans. Higher ratios could signal resource strains, while declining numbers might indicate improved educational support, making the area more appealing to families.
