Giles County Real Estate and Livability Trends
In Giles County, Tennessee, the median home values soared from $108,100 in 2015 to $172,500 in 2022, suggesting it could be an emerging affordable hotspot within the state. Taxable income also increased significantly, reflecting a potentially healthier local economy. Notable upticks in residential energy tax credits and real estate taxes imply heightened property values and a focus on energy... Read more
Giles County Market Trends
Giles County, Tennessee has seen its median home values rise significantly, from $108,100 in 2015 to $172,500 in 2022, suggesting it may be emerging as an affordable alternative within the state. The region has experienced notable increases in residential energy tax credits, which hit $950.00 in 2021, hinting at a community-wide focus on energy efficiency. Average real estate taxes have also been... Read more
Median Value of Occupied Housing Units in Giles County, Tennessee Over the Last 8 Years
Giles County, Tennessee, has seen its median home values rise steadily over the past eight years, jumping from $108,100 in 2015 to $172,500 in 2022. While this reflects a strong 59.57% increase, it's interesting when you compare it to Tennessee, which saw a 63.33% rise from $142,100 to $232,100 in the same period. Nationally, the median value rose by 42.97%, from $125,500 to $179,400. This could suggest that Giles County may be evolving into a comparatively more affordable market within the state, potentially drawing the interest of cost-savvy investors and homebuyers.
Residential Energy Tax Credit Per Tax Return in Giles County, TN Over the Last 8 Years
Over the past eight years, Giles County, Tennessee has seen significant fluctuations in the average residential energy tax credit per tax return, with notable increases in 2020 ($536.36) and a substantial spike in 2021 ($950.00). These upswings indicate a growing emphasis on energy-efficient home improvements and likely reflect increased incentives or homeowner investments in sustainable technology. This trend may be appealing for investors and homeowners interested in energy-saving upgrades, as it suggests potential for financial benefits and a progressive community focus on sustainability.
Average Real Estate Taxes Per Tax Return in Giles County, TN Over the Last 10 Years
Over the last decade, Giles County, Tennessee has seen a fairly steady increase in average real estate taxes per tax return. From $1,573.68 in 2012 to $2,646.43 in 2021, there was a notable surge between 2017 and 2019, peaking at $2,745.16 in 2019. This upward trend could suggest a rise in property values or adjustments in tax rates, providing potential insights for investors, property builders, and real estate agents to gauge the region’s financial landscape. It’s an essential metric for those planning to move to or invest in the area, as it reflects both economic growth and changing fiscal policies.
Percentage of Farm Returns in Giles County, TN Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Giles County, Tennessee, has shown a slight downward trend, starting from approximately 11.13% in 2012 and landing at around 9% by 2021. Farm tax returns, essentially tax filings from agricultural operations, might indicate the level of farming activity and economic health relating to agriculture. This trend could be critical for investors, potential residents, and property developers as it might suggest a shift in the economic landscape, possibly affecting land values and community growth.
Number of Mortgages by Occupancy Type in Giles County, TN Over the Last 5 Years in Giles County
In Giles County, Tennessee, the majority of mortgages over the last five years have been for principal residences, with numbers fluctuating but generally showing strong demand, peaking at 1569 in 2021. Investment properties have seen modest but steady growth, though their numbers are far fewer compared to principal residences. Second residences have remained consistently the smallest category, indicating limited demand in this segment. For prospective investors, these trends might suggest that while the rental market is slowly expanding, the primary driver of property demand remains people seeking long-term homes. This dynamic can influence risk assessments for insurance agents, affect appraisal values, and guide real estate agents in targeting their marketing strategies. Understanding these shifts in occupancy types can help stakeholders make more informed decisions about where and what types of properties are likely to be the most lucrative or secure investments.
Economic Outlook
Giles County, Tennessee, shows a substantial increase in average taxable income per tax return, climbing from $42,144.51 in 2013 to $58,360.18 by 2021, suggesting a potentially healthier local economy. The average state and local income taxes also rose significantly, particularly between 2018 and 2021, peaking at $10,720.00 in 2021, potentially reflecting economic growth or policy changes. Similarly, a consistent rise in the average total tax liability per tax return, reaching $8,326.43 in... Read more
Average Taxable Income per Tax Return in Giles County, TN over the last 9 years
Giles County, Tennessee, has experienced a notable upward trend in average taxable income per tax return over the past nine years. From $42,144.51 in 2013, the average taxable income gradually increased to $58,360.18 by 2021. This growth suggests a potentially healthier local economy, making the area more appealing to investors, property developers, and real estate agents. For appraisers and insurance agents, this gradual rise might indicate increased property values and insurance premiums. For potential residents or those interested in the local trends, this could signal job growth and better household income stability.
Average State and Local Income Taxes Per Tax Return in Giles County, TN Over the Last 10 Years
Over the past decade, Giles County, Tennessee has seen a significant increase in average state and local income taxes per tax return. Starting at $4,047.37 in 2012, there was a gradual rise with notable jumps, particularly 2018-2021, where figures escalated from $6,490.91 to a peak of $10,720.00 in 2021. These trends might indicate economic growth or policy changes impacting tax burdens, and are crucial for investors, real estate agents, or anyone involved in financial planning or property development in the area.
Average Total Tax Liability Per Tax Return in Giles County, TN Over the Last 10 Years
Giles County, Tennessee, has seen a noticeable upward trend in average total tax liability per tax return over the past decade, climbing from $5,642.91 in 2012 to $8,326.43 in 2021. This could interest potential investors and property builders by indicating a growing local economy. Real estate agents and appraisers might find this trend indicative of increasing property values and demand in the area. For residents and those considering a move, this pattern may reflect positive community growth but could also hint at rising living costs. Insurance agents might use this data to better understand regional risk profiles over time.
Cost of Living in Giles County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $968 | $1,343 | $1,970 | $969 | $705 |
| 1 adult 4 children | $968 | $1,097 | $1,508 | $969 | $725 |
| 2 adults 3 children | $968 | $1,097 | $1,709 | $969 | $536 |
| 1 adult 3 children | $968 | $896 | $1,247 | $969 | $516 |
| 2 adults 2 children | $773 | $898 | $1,447 | $858 | $505 |
| 1 adult 2 children | $773 | $671 | $985 | $858 | $428 |
| 2 adults 1 child | $773 | $710 | $1,186 | $500 | $526 |
| 1 adult 1 child | $773 | $459 | $724 | $500 | $426 |
| 2 adults | $684 | $570 | $924 | $0 | $496 |
| 1 adult | $631 | $311 | $462 | $0 | $429 |
Safety trends & Data
In Giles County, Tennessee, property crime trends have shown notable volatility over the past five years, particularly in burglary and larceny-theft cases. Burglary peaked with 33 incidents in 2019, dropping to 12 by 2022. Larceny-theft plummeted from 242 cases in 2018 to 84 in 2021 but climbed back to 108 in 2022. Vandalism also fluctuated, peaking at 24 cases in both 2020 and 2022. This variability is essential for investors and real estate agents to factor in when assessing property values... Read more
Property Crime Trends in Giles County, TN Over the Last 5 Years
Giles County, Tennessee has seen mixed trends in property crime over the last five years, with notable fluctuations in burglary and larceny-theft cases. Burglary peaked in 2019 with 33 reported incidents and decreased substantially by 2022 to 12. Larceny-theft experienced a significant drop from 242 cases in 2018 to 84 in 2021, but slightly rebounded to 108 in 2022. Vandalism reports showed an erratic pattern, with 11 cases in 2018, peaking at 24 in 2020 and 2022. These trends suggest a generally volatile crime landscape, which is crucial for investors, real estate agents, and current residents to consider when evaluating property values and safety.
Demographics
Giles County, Tennessee's demographic trends highlight a slightly higher female population compared to male. The educational attainment is skewed towards high-school graduates without further degrees, which might impact the local job market and economic opportunities. The age distribution showcases a significant number of residents over 55, suggesting that healthcare and senior services might be critical for this area. Racially, the population is predominantly White, with a small representation... Read more
Race Distribution in Giles County, Tennessee (2022)
Educational Attainment in Giles County, Tennessee (2022)
Age Distribution in Giles County, Tennessee
Citizen Population in Giles County, Tennessee (2022)
Political Trends & Data
Giles County, Tennessee, might reflect a strong conservative trend that could influence wider societal behaviors, including housing decisions and community planning preferences. With nearly 74% of the 2020 presidential vote leaning Republican, factors like property values and suburban growth may be impacted by policies favoring lower taxes and deregulation. The 25% Democratic vote, though smaller, signals a notable liberal presence that could drive demand for diverse housing options and support... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Giles County, Tennessee, exhibited a strong leaning towards the Republican Party, with nearly 74% of the vote possibly indicating a deep-rooted conservative orientation. Meanwhile, the Democratic Party garnered roughly 25%, suggesting a smaller, yet potentially significant, liberal presence. The minimal support for third parties is noteworthy, hinting at limited voter interest in alternatives outside the two major parties.
74.10% of voters voted for the Republican party in the 2020 Presidential Election
24.98% of voters voted for the Democrat party in the 2020 Presidential Election
0.92% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Giles County, Tennessee, the student-to-teacher ratio has dropped to approximately 13 students per teacher, which is below the national average of 14 students per teacher. This trend might enhance educational quality, potentially boosting property values and attracting buyers and investors interested in stable, promising markets. Smaller class sizes often appeal to families, suggesting a positive impact on local real estate... Read more
Student-to-teacher ratio in Giles County, Tennessee over the last 10 years
The student-to-teacher ratio in Giles County, Tennessee has demonstrated some fluctuations over the past decade, ranging from a high of 15 students per teacher in 2015 to a low of 13 students per teacher in 2023. Despite these variations, the most recent data shows a significant decrease to approximately 13 students per teacher, which is below the national average of 14 students per teacher. This reduction could imply smaller class sizes, potentially improving the quality of education and making Giles County more attractive to families and those involved in education-oriented investments. It could also affect property values and local real estate market trends, as areas with better educational metrics often entice buyers and investors looking for stable, promising markets.
