Hamblen County Real Estate and Livability Trends
In Hamblen County, Tennessee, the average taxable income has seen steady growth from $43,377.95 in 2013 to $57,881.34 in 2021, peaking notably in 2018 and 2021, indicating a potentially strong local economy that could attract investors. The median home value rose from $124,200 in 2015 to $166,300 in 2022, reflecting broader real estate trends but still offering relatively affordable options... Read more
Hamblen County Market Trends
Over the past eight years, Hamblen County, Tennessee's median home value has grown steadily from $124,200 in 2015 to $166,300 in 2022. This moderate increase aligns with broader state and national trends but may offer more affordable opportunities compared to Tennessee's steep rise to $232,100. Energy tax credits have fluctuated, peaking at $903.45 in 2021, indicating potential growth in... Read more
Median Value of Occupied Housing Units in Hamblen County, Tennessee Over the Last 8 Years
Over the past eight years, the median home value in Hamblen County, Tennessee has experienced steady growth, jumping from $124,200 in 2015 to $166,300 in 2022. This local appreciation aligns with broader trends seen at state level, where Tennessee's median home values surged from $142,100 to $232,100 over the same period, and at the national level, where values rose from $125,500 to $179,400. The relatively moderate increase in Hamblen County compared to both the state and national averages may present a more accessible market for potential homeowners or investors looking for more affordable options in Tennessee.
Residential Energy Tax Credit Per Tax Return in Hamblen County, TN Over the Last 9 Years
Over the past nine years, Hamblen County, Tennessee has seen significant fluctuations in the average residential energy tax credit per tax return, peaking at $903.45 in 2021. Notably, there was a dramatic increase from $443.75 in 2017 to $875.00 in 2018, suggesting a possible surge in energy-efficient investments during that period. For those looking to invest, move to, or develop property in Hamblen County, this trend may indicate growing homeowner interest in energy efficiency. Industry professionals like real estate agents and insurance agents should note these shifts, as they could influence property values and policy premiums.
Average Real Estate Taxes Per Tax Return in Hamblen County, TN Over the Last 10 Years
Real estate taxes in Hamblen County, Tennessee have seen a significant upward trend over the last decade, rising from approximately $1,561.43 in 2012 to around $3,318.97 by 2021. The most noticeable spikes occurred between 2017 and 2018, where taxes jumped remarkably to $2,800.00, and again from 2019 to 2020, culminating at over $3,207.02. These increases could reflect rising property values, changes in tax rates, or shifts in local economic conditions, offering potential investors or real estate professionals key insights into the area's market dynamics.
Percentage of Farm Returns in Hamblen County, TN Over the Last 10 Years
Over the last decade, Hamblen County, Tennessee has seen a slight decline in the percentage of farm tax returns, dropping from 2.14% in 2012 to 1.61% in 2021. Farm tax returns indicate the proportion of tax filings that come from agricultural operations, suggesting subtle yet consistent changes in the county's agricultural economic landscape. Investors and property developers looking at Hamblen County might find these statistics indicative of broader shifts, potentially impacting land use, local economic development, and future real estate values. It implies that the local farming industry may not be as robust as it once was, which could influence decisions related to rural investments or residential developments.
Number of Mortgages by Occupancy Type in Hamblen County, TN Over the Last 5 Years in Hamblen County
Over the last five years in Hamblen County, Tennessee, the majority of mortgage activity has been for principal residences, with steady increases up to 2021 before a slight decline in 2022. Investment properties and second residences have seen minor fluctuations but have generally stayed low compared to primary homes. These trends hint at a stable residential market primarily driven by people looking to settle rather than invest or buy secondary homes. For investors or developers, this suggests that demand for rental properties might be lukewarm, whereas real estate agents might focus more on marketing homes to potential residents. Appraisers and insurance agents should consider the predominance of principal residences, which typically have different risk profiles compared to investment properties or second homes.
Economic Outlook
In Hamblen County, Tennessee, the average taxable income per tax return has steadily increased from $43,377.95 in 2013 to $57,881.34 in 2021, especially peaking in 2018 and 2021. This suggests an upward economic trend that could be enticing for investors and real estate professionals. Interestingly, state and local income taxes have varied significantly, ranging from $5,800.00 in 2017 to $10,190.00 in 2021, with an overall uptick hinting at possible income growth or tax policy changes.... Read more
Average Taxable Income per Tax Return in Hamblen County, TN over the last 9 years
Over the past nine years, Hamblen County, Tennessee has seen a gradual rise in the average taxable income per tax return, climbing from $43,377.95 in 2013 to $57,881.34 in 2021. The income growth was relatively steady, with notable jumps around 2018 and 2021. This trend suggests a potential increase in economic prosperity in the region, which could be attractive for investors, real estate agents, and those considering relocation. The consistent growth might also influence property appraisals and insurance costs, making it a point of interest for appraisers and insurance agents.
Average State and Local Income Taxes Per Tax Return in Hamblen County, TN Over the Last 10 Years
The average state and local income taxes per tax return in Hamblen County, Tennessee have shown significant fluctuation over the last decade, with amounts ranging from a low of $5,800.00 in 2017 to a high of $10,190.00 in 2021. Overall, the data reveals a general upward trend, suggesting a possible increase in earnings or changes in tax policies. This could be critical for investors and real estate agents when considering the economic stability of the region. Appraisers and insurance agents might find this data relevant for evaluating property values and insurance premiums, respectively, as tax trends can impact disposable income and, consequently, market behavior.
Average Total Tax Liability Per Tax Return in Hamblen County, TN Over the Last 10 Years
Hamblen County, Tennessee has seen fluctuating average total tax liabilities over the past decade, with notable peaks in 2012 at approximately $8,725.72 and 2021 at around $8,623.59. These trends could suggest a variable economic landscape, impacting tax planning and budgeting for residents. Such data can be instrumental for investors and real estate agents who may be evaluating the region's financial climate. Additionally, insurance agents and appraisers might find these tax patterns informative for assessing risk and property valuations.
Cost of Living in Hamblen County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,137 | $1,395 | $1,767 | $899 | $686 |
| 1 adult 4 children | $1,137 | $1,140 | $1,350 | $899 | $733 |
| 2 adults 3 children | $1,137 | $1,140 | $1,534 | $899 | $539 |
| 1 adult 3 children | $1,137 | $931 | $1,117 | $899 | $511 |
| 2 adults 2 children | $832 | $933 | $1,301 | $820 | $474 |
| 2 adults 1 child | $832 | $738 | $1,067 | $564 | $522 |
| 1 adult 2 children | $832 | $697 | $884 | $820 | $398 |
| 1 adult 1 child | $832 | $476 | $650 | $564 | $428 |
| 2 adults | $639 | $593 | $834 | $0 | $458 |
| 1 adult | $635 | $323 | $417 | $0 | $410 |
Safety trends & Data
In Hamblen County, Tennessee, property crime has seen some shifts over the past five years, with larceny-theft notably dropping from 612.00 incidents in 2018 to 296.00 in 2022. Burglary rates peaked at 59.00 cases in 2020 before falling to 45.00 in 2022. Motor vehicle theft saw a high of 61.00 cases in 2021 but dipped to 50.00 in 2022. Rates of fraud and vandalism have remained fairly stable, with slight annual variations. These crime trends offer valuable insights for investors and residents... Read more
Property Crime Trends in Hamblen County, TN Over the Last 5 Years
Hamblen County, Tennessee has experienced some notable fluctuations in property crime over the past five years. Larceny-theft consistently leads the charts but saw a significant decline from 612.00 incidents in 2018 to 296.00 in 2022. Burglary incidents varied, peaking slightly in 2020 with 59.00 reported cases, then dropped to 45.00 in 2022. Motor vehicle theft fluctuated, with a high of 61.00 cases in 2021 before dipping to 50.00 in 2022. Fraud and vandalism rates remain variable but relatively stable, with slight increases and decreases each year. These trends are essential for potential investors, construction managers, and residents, providing a comprehensive overview of safety and risk factors in the area.
Demographics
Hamblen County, Tennessee, shows an almost balanced gender distribution, with slightly more females than males. Educational attainment varies significantly; a substantial portion of the population has at least a high school diploma, though a noticeable gap exists at higher education levels. The age distribution hints at an aging population, with a significant percentage of residents aged 45 and older. Racial demographics indicate a predominantly White population, with smaller representations... Read more
Race Distribution in Hamblen County, Tennessee (2022)
Educational Attainment in Hamblen County, Tennessee (2022)
Age Distribution in Hamblen County, Tennessee
Citizen Population in Hamblen County, Tennessee (2022)
Political Trends & Data
Hamblen County, Tennessee, exhibited a strong Republican leaning in the 2020 U.S. Presidential election, with about 76% of the vote likely going to the GOP, compared to the Democratic Party's approximate 22%. This overwhelming preference may suggest underlying political and cultural tendencies that could shape future elections and local policy. Understanding these dynamics might be useful for anyone considering political campaigning or community engagement in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hamblen County, Tennessee, displayed a significant tilt towards the Republican Party in the 2020 U.S. Presidential election, with approximately 76% of the vote potentially going to the GOP. The Democratic Party lagged far behind, receiving around 22%, while other parties, including Libertarian and Green, appeared to make no substantial impact. This heavy Republican preference may indicate broader political and cultural leanings within the county that could influence future elections and policy decisions.
76.37% of voters voted for the Republican party in the 2020 Presidential Election
22.33% of voters voted for the Democrat party in the 2020 Presidential Election
1.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Hamblen County, Tennessee, peaked at 15.83 in 2019 and 16.34 in 2020, surpassing the US national average of 14 students per teacher. These shifts may indicate population changes and increased demands on local education infrastructure, which could be crucial for investors and property developers. Families might consider these ratios when deciding to relocate, potentially influencing their choices based on educational concerns, while real estate agents could... Read more
Student-to-teacher ratio in Hamblen County, Tennessee over the last 10 years
Over the past decade, the student-to-teacher ratio in Hamblen County, Tennessee, has seen fluctuations with peaks hitting above the US national average of 14 students per teacher in several years. Notably, in 2019 and 2020, the ratio reached 15.83 and 16.34, respectively, indicating potentially larger class sizes. Such changes in occupancy type could be critical for those looking to invest in real estate or build property, as they may reflect shifts in population dynamics and demands on local education infrastructure. Appraisers and insurance agents could also consider these trends for risk assessment and valuation purposes. For families considering relocation, a high student-to-teacher ratio might impact their decision due to concerns over education quality. Similarly, real estate agents can use these insights to better advise clients based on their priorities related to schooling.
