Grundy County Real Estate and Livability Trends
Grundy County, Tennessee, has experienced a noteworthy economic uptick, with average taxable income per tax return increasing from $33,589.71 in 2013 to $52,522.46 in 2021. This rise hints at an improving economic climate that could drive higher property values. Median home values have also grown from $80,400 in 2015 to $126,400 in 2022, which, despite being below Tennessee's average, indicates... Read more
Grundy County Market Trends
Grundy County's median home values have surged from $80,400 in 2015 to $126,400 in 2022, hinting at growing investment interest. Though below Tennessee's $232,100 average, this uptick might attract new investors. Residential energy tax credits spiked to roughly $1,028.57 in 2021, signaling a shift toward energy-efficient homes, which could boost property values. Real estate taxes doubled over the... Read more
Median Value of Occupied Housing Units in Grundy County, Tennessee Over the Last 8 Years
Grundy County's median home values have seen significant growth over the past eight years, rising from $80,400 in 2015 to $126,400 in 2022. This sharp ascent, especially evident from 2020 onwards, may suggest increasing investment appeal in the area. Though still lower than the Tennessee average of $232,100 and the national average of $179,400, Grundy County's relative affordability combined with upward trends could represent a lucrative opportunity for potential investors or those looking to move.
Residential Energy Tax Credit Per Tax Return in Grundy County, TN Over the Last 6 Years
Grundy County, Tennessee has seen quite a fluctuation in residential energy tax credits over the past six years, ranging from a low of around $283.33 in 2016 to a peak of approximately $1,028.57 in 2021. The recent significant increase might suggest more residents are investing in energy-efficient home improvements. This trend could be appealing to potential homeowners, investors, and real estate agents as it indicates a growing interest in sustainability, which may enhance property values and lower energy costs. For appraisers and insurance agents, understanding these changes is crucial in accurately assessing property value and risk.
Average Real Estate Taxes Per Tax Return in Grundy County, TN Over the Last 10 Years
Grundy County, Tennessee has seen a notable uptick in average real estate taxes per tax return over the last decade, with figures more than doubling from $1,594.59 in 2012 to $4,111.11 in 2021. This upward trend could suggest an increase in property values or shifts in tax policy, making it a potentially lucrative area for property investment. However, for current residents or potential movers, the rising tax burden is something to consider. Financial planners and real estate advisors might find this data indicative of underlying economic changes, worth factoring into assessments and strategies.
Percentage of Farm Returns in Grundy County, TN Over the Last 10 Years
Grundy County, Tennessee has experienced slight fluctuations in the percentage of farm tax returns over the past decade, hovering around 4.75% to 5.04% at its peak in 2016. These figures indicate a relatively stable but marginally decreasing trend in farm-related financial activities. This is important for investors or potential residents interested in agricultural opportunities, signaling a modest yet consistent investment in farming endeavors. If you're considering building property or moving to Grundy County, understanding these dynamics can be pivotal in making informed decisions about the agricultural landscape and economic stability in the area.
Number of Mortgages by Occupancy Type in Grundy County, TN Over the Last 5 Years in Grundy County
Grundy County, Tennessee has seen fluctuating mortgage counts over the past five years, with a dominant number of mortgages consistently tied to principal residences. There’s notable variability in the investment property sector, peaking recently at 65 in 2022 compared to just 31 in 2020. For potential investors or property developers, the upward trend in investment property mortgages could signal a rising interest in the area as a viable market for rental properties. For appraisers and insurance agents, understanding the shifts toward higher instances of principal residences can provide insights into demand for primary living spaces as opposed to second homes or investments, which in turn might influence property valuations and insurance premiums. Real estate agents and those contemplating a move should pay attention to these trends as they reflect changing demands and opportunities in the local housing market.
Economic Outlook
Grundy County, Tennessee, has seen a significant rise in the average taxable income per tax return, jumping from $33,589.71 in 2013 to $52,522.46 in 2021. This suggests a more robust economic environment that might attract investors and homebuyers, potentially leading to higher property values. In addition, fluctuations in state and local income taxes, peaking at $7,866.67 in 2020, indicate possible economic shifts or changes in tax policies that stakeholders should note. Additionally, the... Read more
Average Taxable Income per Tax Return in Grundy County, TN over the last 9 years
Grundy County, Tennessee, has seen a notable rise in the average taxable income per tax return over the past nine years, from around $33,589.71 in 2013 to approximately $52,522.46 in 2021. This trend hints at an improving economic environment that could attract potential investors and homebuyers. Real estate agents might find the growing income levels promising, as higher incomes often translate into increased purchasing power. For insurance agents and appraisers, the rise in income levels is likely correlating with a rise in property values, which can affect premiums and valuations.
Average State and Local Income Taxes Per Tax Return in Grundy County, TN Over the Last 9 Years
Grundy County, Tennessee, has experienced noticeable fluctuations in average state and local income taxes per tax return over the past nine years. These taxes showed a significant peak in 2016 at $7,650.00, followed by a sharp decline in 2017 to $4,200.00, and then another rise in 2020 to $7,866.67. Such variability may indicate economic shifts or changes in tax policies, which are crucial for prospective investors and real estate stakeholders to consider when planning financial strategies and property valuations in this area.
Average Total Tax Liability Per Tax Return in Grundy County, TN Over the Last 10 Years
Over the past decade, Grundy County, Tennessee has seen a notable increase in the average total tax liability per tax return, rising from $4,032.20 in 2012 to approximately $7,323.24 in 2021. While there have been fluctuations, the general trend indicates a steady climb, peaking significantly in recent years. This upward trend may reflect broader economic changes, increased property values, and possibly rising income levels in the area. Such data could be invaluable for potential investors, real estate agents, and those looking to move to or build property in the county, as it suggests evolving economic conditions and potential shifts in the local tax base.
Cost of Living in Grundy County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $938 | $1,391 | $1,815 | $969 | $687 |
| 1 adult 4 children | $938 | $1,136 | $1,388 | $969 | $708 |
| 2 adults 3 children | $938 | $1,137 | $1,575 | $969 | $522 |
| 1 adult 3 children | $938 | $928 | $1,148 | $969 | $506 |
| 2 adults 2 children | $747 | $931 | $1,334 | $858 | $494 |
| 1 adult 2 children | $747 | $695 | $908 | $858 | $420 |
| 2 adults 1 child | $747 | $735 | $1,094 | $500 | $517 |
| 1 adult 1 child | $747 | $475 | $667 | $500 | $422 |
| 2 adults | $601 | $591 | $854 | $0 | $475 |
| 1 adult | $597 | $322 | $427 | $0 | $425 |
Safety trends & Data
Grundy County, Tennessee, has witnessed variable property crime trends over the past five years. Larceny-theft peaked in 2018 with 42 incidents but dropped to just 11 in 2021, showcasing a significant decline. Motor vehicle theft has also decreased over time, while vandalism and fraud incidents have remained relatively steady. This shifting landscape of property crime may influence investment decisions, property values, and insurance rates in the... Read more
Property Crime Trends in Grundy County, TN Over the Last 5 Years
Grundy County, Tennessee, has experienced variable trends in property crimes over the last five years. While burglary and larceny-theft have notably fluctuated, a general decline is seen in motor vehicle theft. Notably, the peak in larceny-theft was in 2018 with 42 incidents, while it dropped to just 11 in 2021. Meanwhile, acts of vandalism and fraud have relatively plateaued, albeit with minor variances. This pattern suggests a shifting landscape in property crime that may influence investment decisions, property values, and insurance rates in the region.
Demographics
Grundy County, Tennessee shows an adult population with a nearly equal gender split but leans slightly towards females. The educational attainment data reflects a wider dispersion, with the majority having only a high school diploma or less; there is a notable drop-off in higher educational degrees. The age distribution indicates an aging population, with the highest numbers in the 45-64 age range. The racial makeup is overwhelmingly White, with minimal representation from other racial groups.... Read more
Race Distribution in Grundy County, Tennessee (2022)
Educational Attainment in Grundy County, Tennessee (2022)
Age Distribution in Grundy County, Tennessee
Citizen Population in Grundy County, Tennessee (2022)
Political Trends & Data
Grundy County, Tennessee, demonstrated a significant Republican preference during the 2020 U.S. Presidential Election, with about 82% of the vote going to the Republican candidate and approximately 17% to the Democrat. This substantial leaning could mirror the broader political tendencies of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Grundy County, Tennessee, the 2020 U.S. Presidential Election saw a notable leaning towards the Republican candidate, who secured around 82% of the vote. The Democrat contender garnered roughly 17%, with minimal support for other parties. This trend suggests a strong Republican preference in this area, possibly reflecting broader regional political inclinations.
82.02% of voters voted for the Republican party in the 2020 Presidential Election
16.87% of voters voted for the Democrat party in the 2020 Presidential Election
1.11% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Grundy County, Tennessee has seen fluctuations from roughly 12 to nearly 15 students per teacher over the past decade. Recent years, peaking at approximately 15 in 2022, show a tendency to exceed the national average of 14 students per teacher. This trend may suggest increasing classroom sizes, potentially affecting the quality of education and perceived value of local school systems, which can influence property values and community desirability, especially for... Read more
Student-to-teacher ratio in Grundy County, Tennessee over the last 10 years
The student-to-teacher ratio in Grundy County, Tennessee has displayed some fluctuations over the past decade, with values ranging from roughly 12 to almost 15 students per teacher. While often close to or below the national average of 14 students per teacher, recent years show a tendency toward exceeding this benchmark, peaking at approximately 15 in 2022. This trend might suggest increasing classroom sizes, which could influence both the quality of education and the perceived value of local school systems. For those considering moving to or investing in the area, understanding these shifts could be crucial, as they might impact property values and community attractiveness, especially for families prioritizing education. Real estate agents, appraisers, and insurance agents might factor these changes into their assessments and recommendations.
