Grainger County Real Estate and Livability Trends
Grainger County, Tennessee has been witnessing a notable surge in average taxable income per tax return, from roughly $38,512.20 in 2013 to $56,169.74 in 2021, hinting at a growing local economy. Median home values jumped from $96,400 in 2015 to $151,200 in 2022, signaling potential value growth. Energy-efficient upgrades are on the rise, evidenced by an average Residential Energy Tax Credit of... Read more
Grainger County Market Trends
Grainger County, Tennessee, has seen its median home values rise from $96,400 in 2015 to $151,200 in 2022, despite remaining below state and national averages. This could signal emerging value growth opportunities, especially given broader trends. Additionally, average Residential Energy Tax Credit per tax return spiked to $791.67 in 2021, indicating increased local investment in energy-efficient... Read more
Median Value of Occupied Housing Units in Grainger County, Tennessee Over the Last 8 Years
Grainger County, Tennessee has seen a noticeable increase in median home values over the last eight years, rising from $96,400 in 2015 to $151,200 in 2022. This upward trend, although steady, still places the county below both state and national figures. Tennesee's median home value climbed from $142,100 to $232,100 during the same period, showcasing a stronger growth trajectory. Nationally, values saw a rise from $125,500 to $179,400. For those considering investing or relocating to Grainger County, this may signal an emerging opportunity for value growth, especially given the broader state and national increases.
Residential Energy Tax Credit Per Tax Return in Grainger County, TN Over the Last 8 Years
Grainger County, Tennessee has seen fluctuations in the average Residential Energy Tax Credit per tax return over the last eight years. After a drop from 2013’s $400.00 to 2017’s $350.00, there was a notable spike, reaching $570.00 in 2020 and even higher at $791.67 in 2021. These ups and downs suggest a growing interest and investment in energy-efficient upgrades among residents, possibly driven by changing policies or economic incentives. This trend is particularly relevant for those in real estate, appraisers, and potential homeowners looking to understand financial incentives and energy-saving measures within the county.
Average Real Estate Taxes Per Tax Return in Grainger County, TN Over the Last 10 Years
Over the past decade, Grainger County, Tennessee, has seen a notable increase in average real estate taxes per tax return. Starting at around $1,480.22 in 2012, these taxes have generally trended upward, peaking at approximately $3,347.06 in 2020 before slightly decreasing to $3,252.94 in 2021. This upward trajectory, especially the sharp rise seen post-2017, could be indicative of increasing property values or changing tax policies. Such trends might impact potential investors, new residents, and real estate professionals looking to assess the long-term financial commitments associated with property ownership in the area.
Percentage of Farm Returns in Grainger County, TN Over the Last 10 Years
Over the last decade, Grainger County, Tennessee has experienced a general decline in the percentage of farm tax returns, dropping from almost 9% in 2012 to just over 7% by 2021. Farm tax returns are filings by agricultural businesses to report income and claim deductions related to farming activities, and a decline in these filings may suggest shifts in the local agricultural landscape. For potential investors, property developers, and residents, this trend could imply changes in land use, economic focus, and community composition, possibly favoring more diversified or non-agricultural economic activities in the region.
Number of Mortgages by Occupancy Type in Grainger County, TN Over the Last 5 Years in Grainger County
Grainger County, Tennessee, has seen a notable increase in mortgages for principal residences over the last five years, peaking in 2021 and 2022. Investment property mortgages have shown a slight decline, while mortgages for second residences fluctuated but remained relatively low. Shifts in occupancy types can indicate evolving market dynamics; for instance, a surge in principal residence mortgages might suggest a growing population or heightened local housing demand. These trends could impact property values, insurance premiums, and investment strategies, making it crucial for investors, real estate agents, and potential residents to stay informed.
Economic Outlook
Grainger County, Tennessee has seen a robust rise in average taxable income per tax return, jumping from about $38,512.20 in 2013 to $56,169.74 in 2021. This trend could signify a burgeoning economy and growing affluence, drawing the attention of investors and homebuyers. The fluctuating state and local income taxes, peaking at $11,125.00 in 2019, may reflect changing economic conditions or tax policies. The steady increase in average total tax liability, now at $7,555.76, suggests expanding... Read more
Average Taxable Income per Tax Return in Grainger County, TN over the last 9 years
Grainger County, Tennessee has experienced a notable upward trend in average taxable income per tax return over the last nine years, increasing from approximately $38,512.20 in 2013 to about $56,169.74 in 2021. This gradual rise could be attractive for investors, real estate agents, and individuals looking to relocate, suggesting a potentially growing economy with increasing income levels. This information might also be valuable for appraisers and insurance agents assessing property values and coverage needs, as higher income levels may correlate with greater purchasing power and investment capacity in the local market.
Average State and Local Income Taxes Per Tax Return in Grainger County, TN Over the Last 10 Years
Over the past decade, Grainger County, Tennessee has experienced considerable fluctuation in average state and local income taxes per tax return, with values ranging from a low of $5,166.67 in 2015 to a high of $11,125.00 in 2019. Interestingly, the sharp increase observed in 2019 and the subsequent decrease in 2020 may indicate variable economic conditions or policy changes impacting local taxation. For investors and real estate professionals, these trends could suggest shifting fiscal burdens on residents, influencing property valuations and living costs. Additionally, such variability in tax liability could impact decisions around building and insurance in the area, as well as overall financial planning for new and existing residents.
Average Total Tax Liability Per Tax Return in Grainger County, TN Over the Last 10 Years
Grainger County, Tennessee has experienced a notable increase in average total tax liability per tax return over the last decade, rising from approximately $4,839.70 in 2012 to around $7,555.76 in 2021. This upward trend suggests growing income levels or changes in tax policies, which may signal expanding economic conditions. For potential investors, developers, and real estate agents, this could point to a more affluent population base and potentially higher property values.
Cost of Living in Grainger County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,008 | $1,472 | $1,767 | $899 | $705 |
| 1 adult 4 children | $1,008 | $1,202 | $1,350 | $899 | $728 |
| 2 adults 3 children | $1,008 | $1,202 | $1,534 | $899 | $534 |
| 1 adult 3 children | $1,008 | $982 | $1,117 | $899 | $519 |
| 2 adults 2 children | $753 | $984 | $1,301 | $820 | $493 |
| 2 adults 1 child | $753 | $778 | $1,067 | $564 | $536 |
| 1 adult 2 children | $753 | $735 | $884 | $820 | $417 |
| 1 adult 1 child | $753 | $502 | $650 | $564 | $438 |
| 2 adults | $572 | $625 | $834 | $0 | $470 |
| 1 adult | $568 | $341 | $417 | $0 | $417 |
Safety trends & Data
In Grainger County, Tennessee, property crime rates have seen significant fluctuations over the past five years. Burglary incidents peaked at 25 in 2019, while Larceny-Theft, the most frequent crime, decreased from 51 in 2018 to 32 in 2022. Motor Vehicle Theft peaked at 23 cases in 2021 but sharply dropped to 6 in 2022. These crime trends offer valuable information for investors and homebuyers, providing a nuanced view of safety and security in the... Read more
Property Crime Trends in Grainger County, TN Over the Last 5 Years
Over the last five years, Grainger County, Tennessee has seen fluctuations in property crime rates with notable spikes and declines. Burglary peaked at 25 incidents in 2019, while Larceny-Theft consistently remained the most frequent crime, though it declined from 51 occurrences in 2018 to 32 in 2022. Motor Vehicle Theft saw a peak in 2021 with 23 cases, contrasting with a sharp drop to 6 in 2022. Vandalism incidents have fluctuated but remained relatively steady, peaking at 20 occurrences in 2021. These trends provide critical insights for potential investors, homebuyers, real estate agents, and local residents by highlighting the varying safety and security dynamics over recent years.
Demographics
Grainger County, Tennessee, exhibits a balanced gender demographic with a slight female majority. Educationally, the community leans heavily towards high school graduates and those with some college but no degree. The age distribution highlights a significant proportion of residents aged 45 to 64 years, which could indicate a need for services catering to middle-aged to older adults. Racially, the population is predominantly White, with very small representations from other racial groups,... Read more
Race Distribution in Grainger County, Tennessee (2022)
Educational Attainment in Grainger County, Tennessee (2022)
Age Distribution in Grainger County, Tennessee
Citizen Population in Grainger County, Tennessee (2022)
Political Trends & Data
In Grainger County, Tennessee, the 2020 U.S. Presidential Election results reveal a strong Republican lean, with about 85% of the votes going to the GOP. The Democratic vote was around 14.5%, and other parties barely made a dent at 1%. Such a notable skew towards Republicans implies a potentially deep-seated political alignment within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Grainger County, Tennessee, the 2020 U.S. Presidential Election saw a significant lean towards the Republican party, with approximately 85% of the votes. The Democrats garnered roughly 14.5%, while other parties collectively registered about 1% of the vote. This substantial skew towards the Republican party may indicate a deeply entrenched political alignment within the county.
84.52% of voters voted for the Republican party in the 2020 Presidential Election
14.48% 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 decade, Grainger County, Tennessee has experienced a decrease in its student-to-teacher ratio, from 16 students per teacher in 2014 to 12 in 2023, generally settling around or slightly below the national average of 14 students per teacher. This trend might indicate improved individual attention and quality of education, which is a significant factor for prospective home buyers. Real estate professionals could leverage this data to highlight the growing appeal of local schools,... Read more
Student-to-teacher ratio in Grainger County, Tennessee over the last 10 years
Over the past decade, Grainger County, Tennessee has seen fluctuations in its student-to-teacher ratio, ranging from a high of 16 students per teacher in 2014 to a low of 12 in 2023. The trends show that the ratio has generally settled around or slightly below the national average of 14 students per teacher in recent years. This decline in the student-to-teacher ratio could be an important indicator for prospective investors and those considering a move, as it often signifies better individual attention and quality of education. Real estate agents and appraisers might find this metric useful when assessing the appeal of local schools to families, impacting property values. Insurance agents could also interpret a lower student-to-teacher ratio as a positive sign of well-operated schools, potentially influencing policies and premiums.
