Hamilton County Real Estate and Livability Trends
In Hamilton County, Tennessee, average taxable income per tax return jumped from $57,775.51 in 2013 to $95,722.81 by 2021, suggesting economic growth potentially impacting property values. Median home values surged past state and national medians, reaching $250,900 in 2022, signaling a competitive real estate market. Larceny-theft incidents have decreased, hinting at enhanced community safety,... Read more
Hamilton County Market Trends
Over the past eight years, median home values in Hamilton County, Tennessee have risen consistently, topping out at $250,900 in 2022. This outpaces both the state median of $232,100 and the national median of $179,400, hinting at increasing demand and a competitive market. Residential energy tax credits per tax return show notable fluctuations, peaking at $1,835.48 in 2018 before leveling at... Read more
Median Value of Occupied Housing Units in Hamilton County, Tennessee Over the Last 8 Years
Over the past eight years, median home values in Hamilton County, Tennessee have seen a consistent rise, peaking at $250,900 in 2022. This growth outpaces both the statewide median, which hit $232,100, and the national median of $179,400 in the same year. Such a trend could signal increasing demand and a competitive market, positioning Hamilton County as a potentially lucrative spot for real estate investment compared to broader benchmarks. For those considering a move or looking to build property, this upward trajectory suggests a robust and dynamic housing market worth attention.
Residential Energy Tax Credit Per Tax Return in Hamilton County, TN Over the Last 9 Years
Hamilton County, Tennessee has shown notable fluctuations in residential energy tax credits per tax return over the past nine years. Starting at around $346.69 in 2013, there was a general upward trend peaking dramatically in 2018 at $1835.48 before settling at $903.77 in 2021. This suggests a significant increase in energy-efficient home improvements during certain periods. Potential investors, builders, and real estate professionals might find this trend indicative of a growing emphasis on energy efficiency in the area’s residential market, potentially making properties more attractive and valuable. Appraisers and insurance agents could also consider the impact of these improvements on home valuations and premiums.
Average Real Estate Taxes Per Tax Return in Hamilton County, TN Over the Last 10 Years
Over the past decade in Hamilton County, Tennessee, average real estate taxes per tax return increased from approximately $2,820.12 in 2012 to $5,363.94 in 2021. This trend highlights a significant rise, more notably from 2017 onwards, reaching a peak with notable jumps in 2018 and 2019. Understanding this shift can be crucial for potential investors, real estate agents, and current residents, as it may impact property values, insurance rates, and overall cost of living in the area.
Percentage of Farm Returns in Hamilton County, TN Over the Last 10 Years
In Hamilton County, Tennessee, the percentage of farm tax returns—reflecting individuals or businesses involved in agricultural activities—has seen a gradual decline over the last decade. Starting at approximately 0.50% in 2012, this percentage shows a small but notable decrease, reaching around 0.42% by 2021. These figures may suggest subtle shifts in the county's agricultural landscape or economic activities. For those interested in rural investments or agribusiness, this trend might imply fewer active farming operations which could affect land values and available resources for farming ventures.
Number of Mortgages by Occupancy Type in Hamilton County, TN Over the Last 5 Years in Hamilton County
In Hamilton County, Tennessee, mortgage counts for principal residences have fluctuated significantly over the past five years, peaking in 2021 and dropping notably in 2022. Investment properties and second residences followed similar trends, with numbers generally lower and less variable than primary residences. These shifts in occupancy type are crucial for investors, as higher counts in investment properties could suggest a robust rental market, while fluctuations in second homes might indicate changing vacation or secondary living preferences. For appraisers and insurance agents, understanding these patterns helps in accurately assessing property values and potential risks. Real estate agents, builders, and those considering a move to Hamilton County will find these trends inform market dynamics and future property demands.
Economic Outlook
Hamilton County, Tennessee, has seen a dynamic increase in average taxable income per tax return, rising from $57,775.51 in 2013 to $95,722.81 by 2021. This could signal economic growth and a higher standard of living, potentially leading to increased property values and lucrative investment opportunities. Average state and local income taxes also saw substantial growth, going from $8,066.37 in 2012 to $25,327.80 in 2021. For investors and new residents, these trends suggest economic shifts... Read more
Average Taxable Income per Tax Return in Hamilton County, TN over the last 9 years
Hamilton County, Tennessee, has seen a notable increase in average taxable income per tax return over the past nine years. From a modest $57,775.51 in 2013, it has climbed significantly to $95,722.81 by 2021. The progression reflects economic growth and perhaps greater employment opportunities, suggesting a rising standard of living. For investors, real estate agents, and those contemplating a move, these trends could indicate a robust market with potentially higher property values and attractive investment opportunities. Appraisers and insurance agents might see this as indicative of greater fiscal stability among residents, possibly translating into fewer defaults and lower risk profiles.
Average State and Local Income Taxes Per Tax Return in Hamilton County, TN Over the Last 10 Years
Over the last decade, Hamilton County, Tennessee, has experienced a notable rise in average state and local income taxes per tax return. The figures climbed steadily from $8,066.37 in 2012 to a significant peak of $25,327.80 in 2021. This sharp increase may indicate economic growth, higher incomes, or changes in tax policies, which could impact decisions for investors, new residents, and professionals in the real estate and financial sectors. Such trends suggest the county is undergoing dynamic shifts that merit close observation for those with financial stakes or interests in the area.
Average Total Tax Liability Per Tax Return in Hamilton County, TN Over the Last 10 Years
Over the last decade, Hamilton County, Tennessee, has experienced a generally upward trend in average total tax liability per tax return, with notable increases occurring sporadically. The tax liability started at approximately $11,019.70 in 2012 and climbed to around $18,143.73 by 2021. While 2016 saw a peak at $14,229.29, there's been some fluctuation in subsequent years, such as a dip in 2018. Notably, a significant jump happened in 2021, suggesting potential economic or policy changes. This trend could be of interest to potential investors and real estate agents as they might infer economic growth or increased property values, and for those moving to the area, it might be a consideration in terms of cost of living.
Cost of Living in Hamilton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,444 | $1,649 | $1,852 | $1,152 | $970 |
| 1 adult 4 children | $1,444 | $1,347 | $1,416 | $1,152 | $1,072 |
| 2 adults 3 children | $1,444 | $1,347 | $1,608 | $1,152 | $779 |
| 1 adult 3 children | $1,444 | $1,100 | $1,171 | $1,152 | $844 |
| 2 adults 2 children | $1,123 | $1,103 | $1,363 | $1,059 | $675 |
| 1 adult 2 children | $1,123 | $824 | $926 | $1,059 | $629 |
| 2 adults 1 child | $1,123 | $871 | $1,118 | $757 | $697 |
| 1 adult 1 child | $1,123 | $563 | $681 | $757 | $572 |
| 2 adults | $968 | $700 | $873 | $0 | $576 |
| 1 adult | $958 | $382 | $437 | $0 | $507 |
Safety trends & Data
In Hamilton County, Tennessee, larceny-theft incidents peaked at 1931 in 2018 but have trended downwards to 1173 in 2022, suggesting potential improvements in community safety. Motor vehicle theft showed an anomaly with a peak of 341 incidents in 2020. The general decrease in property crimes may influence property valuation and insurance assessments, making it an interesting point for investors, real estate agents, and residents to... Read more
Property Crime Trends in Hamilton County, TN Over the Last 5 Years
In Hamilton County, Tennessee, property crime trends over the last five years suggest changes that could interest investors, real estate agents, and residents. Notably, larceny-theft has consistently been the most common property crime, peaking at 1931 incidents in 2018 but showing a general downward trend to 1173 incidents in 2022. While burglary and motor vehicle theft have also decreased, motor vehicle theft showed an anomaly with a peak of 341 incidents in 2020. Vandalism and fraud numbers have remained relatively consistent, but forgery and counterfeiting, as well as embezzlement, experienced more fluctuation. These shifts imply potential improvements in community safety and raise key considerations for property valuation and insurance assessments.
Demographics
Hamilton County, Tennessee shows a slight predominance of females over males in its adult population. Educational attainment highlights a significant portion of the population holding high school diplomas and some college education, with a noteworthy number achieving bachelor's and graduate degrees. Age distribution suggests a relatively balanced spread across different age groups, with a modest concentration in the 25-34 and 55-64 segments. The racial demographics reflect a predominantly White... Read more
Race Distribution in Hamilton County, Tennessee (2022)
Educational Attainment in Hamilton County, Tennessee (2022)
Age Distribution in Hamilton County, Tennessee
Citizen Population in Hamilton County, Tennessee (2022)
Political Trends & Data
Hamilton County, Tennessee, shows a potential Republican preference with around 53.8% of votes going to the GOP in the 2020 U.S. Presidential Election. Democrats possibly captured about 44.1% of the vote, suggesting a considerable, though not overwhelming, gap. This political lean might offer insights into local sentiment and can be a factor when assessing the region's real estate trends given the alignment with wider political and economic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hamilton County, Tennessee, the 2020 U.S. Presidential Election results potentially point to a Republican lean with approximately 53.8% of the votes. Democrats likely secured around 44.1%, a noticeable gap that could be significant in understanding local political dynamics. The remaining votes, about 2%, might reflect a minor engagement with other parties or independent candidates. This distribution could hint at prevailing political preferences within the county.
53.83% of voters voted for the Republican party in the 2020 Presidential Election
44.14% of voters voted for the Democrat party in the 2020 Presidential Election
2.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hamilton County, Tennessee has seen its student-to-teacher ratio fluctuate over the past decade. Peaking at nearly 18 students per teacher in 2021, it has since improved to around 15, edging closer to the national average of 14. This metric could be significant for investors and real estate agents because areas with better student-to-teacher ratios may be perceived as offering higher quality education. This perception has the potential to influence property values, making communities more... Read more
Student-to-teacher ratio in Hamilton County, Tennessee over the last 10 years
Hamilton County, Tennessee has seen fluctuations in its student-to-teacher ratio over the last decade. While the ratio was over 16 students per teacher in several years, it improved to around 15 in recent periods. The peak came in 2021 with nearly 18 students per teacher but dropped closer to the national average of 14 in subsequent years. These changes matter to investors, real estate agents, and potential movers because areas with lower student-to-teacher ratios might be more attractive due to potentially higher quality of education, influencing property values and community attractiveness. Similarly, appraisers and insurance agents could factor this into their assessments as it impacts the local economic and social environment.
