Hardeman County Real Estate and Livability Trends
Hardeman County, Tennessee, has shown significant economic growth, with average taxable income rising from $35,851.91 in 2013 to $46,250.54 in 2021. The median home value surged from $83,000 in 2015 to $112,700 in 2022, still lagging behind state and national averages, making it appealing for budget-conscious buyers. Residential energy tax credits spiked at $1,366.67 in 2018, and real estate... Read more
Hardeman County Market Trends
Hardeman County, Tennessee, has witnessed noteworthy real estate trends. The median home value surged from $83,000 in 2015 to $112,700 in 2022, still trailing behind both state and national averages—possibly a draw for budget-conscious buyers. Residential energy tax credits peaked significantly at $1,366.67 in 2018, reflecting growing investments in energy-efficient upgrades. Real estate taxes... Read more
Median Value of Occupied Housing Units in Hardeman County, Tennessee Over the Last 8 Years
Hardeman County, Tennessee, has shown a marked increase in median home values over the last eight years, with a jump from $83,000 in 2015 to $112,700 in 2022. Comparatively, Tennessee's average home value soared from $142,100 to $232,100 over the same period, while the national figure climbed from $125,500 to $179,400. While Hardeman County's growth rate is substantial, its median values still lag behind state and national benchmarks, potentially representing an appealing opportunity for budget-conscious buyers and investors seeking less inflated property markets.
Residential Energy Tax Credit Per Tax Return in Hardeman County, TN Over the Last 9 Years
Hardeman County, Tennessee has seen a notable fluctuation in its average residential energy tax credit per tax return over the past nine years. Starting from $347.06 in 2013, a steady increase is evident, peaking significantly at $1,366.67 in 2018. Although there was some dip, 2021 still boasted a notable $1,186.67. This trend suggests potential growth in investments towards energy-efficient home upgrades, which could attract eco-conscious homebuyers and investors. Real estate and insurance professionals might find this data useful to gauge the increasing value of energy-efficient homes in the area.
Average Real Estate Taxes Per Tax Return in Hardeman County, TN Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Hardeman County, Tennessee, have shown a steady upward trend. They increased from about $1,208.93 in 2012 to a peak of approximately $1,995.00 in 2020, before a slight dip to around $1,833.33 in 2021. This gradual rise in property taxes may hint at economic development and rising property values in the area, which could be appealing to potential investors, developers, and real estate professionals looking for growth opportunities. However, it's also a factor that current and prospective homeowners should consider when budgeting for future expenses.
Percentage of Farm Returns in Hardeman County, TN Over the Last 10 Years
In Hardeman County, Tennessee, the percentage of farm returns has seen a gradual decline over the last decade, starting at 4.37% in 2012 and dipping to 3.28% by 2021. These returns represent the proportion of tax filings where farming income is reported, suggesting either a reduction in the number of active farms or changes in reporting practices. For investors or those interested in agriculturally-based development, this trend might indicate a shift in the local economy away from traditional farming, potentially offering opportunities for diversification or alternative land use projects.
Number of Mortgages by Occupancy Type in Hardeman County, TN Over the Last 5 Years in Hardeman County
Mortgage data in Hardeman County, Tennessee, reveals an upward trend in the number of principal residence mortgages over the past five years, peaking at 984 in 2021. Investment property mortgages show a modest increase but remain relatively low, while second residence mortgages have been fairly stable. Shifts in occupancy types are key for investors and builders as they suggest rising demand for primary homes, signaling a potentially growing local population. This could also influence factors like property values and insurance premiums, while real estate agents might see varying market dynamics that could impact sales strategies. Understanding the changing landscape of property use helps stakeholders navigate the evolving real estate market in the county.
Economic Outlook
In Hardeman County, Tennessee, the average taxable income per tax return climbed from $35,851.91 in 2013 to $46,250.54 in 2021, hinting at economic growth and higher earnings. Despite a slight dip in 2020, likely due to broader economic impacts, this upward trend makes the area potentially attractive to investors and new residents. The fluctuating state and local income taxes, with peaks in 2019 and 2021, indicate a dynamic tax landscape affecting disposable income and cost of living, critical... Read more
Average Taxable Income per Tax Return in Hardeman County, TN over the last 9 years
In Hardeman County, Tennessee, the average taxable income per tax return has generally been on an upward trajectory over the past nine years. From $35,851.91 in 2013 to $46,250.54 in 2021, this trend signals potential economic growth and increasing individual earnings. Notably, there was a slight dip in 2020 to $38,009.80, likely reflecting broader economic impacts. This overall increase in taxable income could make Hardeman County an appealing target for investors, real estate agents, and those looking to move to an area with potential economic development.
Average State and Local Income Taxes Per Tax Return in Hardeman County, TN Over the Last 10 Years
Over the past decade, Hardeman County, Tennessee has seen fluctuating average state and local income taxes per tax return, with notable spikes in 2019 ($6366.67) and 2021 ($7200.00). These variations matter to potential investors and residents by indicating a dynamic tax landscape that could impact disposable income and cost of living. For real estate professionals and appraisers, understanding these trends is crucial, as they potentially influence property values and market attractiveness. Insurance agents can also benefit by noting the changing economic environment, which might correlate with risk assessments and policy pricing.
Average Total Tax Liability Per Tax Return in Hardeman County, TN Over the Last 10 Years
Over the past decade, Hardeman County, Tennessee has generally seen an upward trend in the average total tax liability per tax return. Starting at around $4,357.72 in 2012, it gradually increased, reaching approximately $4,628.92 in 2013 and $4,836.46 by 2016. Notably, 2021 saw a substantial jump to about $5,867.84. This pattern suggests that tax liabilities for residents and property owners have been rising, which could influence decisions for potential investors, real estate agents, and those considering a move to the area. Appraisers and insurance agents should also pay attention to these figures as they may impact property valuations and insurance premiums.
Cost of Living in Hardeman County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,016 | $1,319 | $1,867 | $969 | $692 |
| 1 adult 4 children | $1,016 | $1,077 | $1,428 | $969 | $717 |
| 2 adults 3 children | $1,016 | $1,078 | $1,620 | $969 | $529 |
| 1 adult 3 children | $1,016 | $880 | $1,181 | $969 | $514 |
| 2 adults 2 children | $747 | $882 | $1,372 | $858 | $480 |
| 1 adult 2 children | $747 | $659 | $933 | $858 | $403 |
| 2 adults 1 child | $747 | $697 | $1,125 | $500 | $504 |
| 1 adult 1 child | $747 | $450 | $686 | $500 | $409 |
| 2 adults | $567 | $560 | $877 | $0 | $454 |
| 1 adult | $564 | $305 | $439 | $0 | $404 |
Safety trends & Data
Hardeman County, Tennessee has experienced varying property crime rates over the past five years, with larceny-theft peaking at 80 incidents in 2020 and burglary incidents jumping to 33 in the same year before stabilizing. These fluctuations could suggest shifting criminal activity patterns possibly influenced by economic conditions or law enforcement policies. For those in property-related fields or residents of the area, understanding these trends could offer valuable insights for investment... Read more
Property Crime Trends in Hardeman County, TN Over the Last 5 Years
Hardeman County, Tennessee has seen fluctuations in property crime over the past five years. While larceny-theft appears to be the most frequent crime, peaking at 80 incidents in 2020, other crimes like burglary and vandalism also show notable variation, with burglary incidents notably jumping to 33 in 2020 before stabilizing. These trends could indicate shifting patterns in criminal activity, potentially influenced by economic conditions or law enforcement policies. For those involved in property-related professions or living in the area, understanding these trends could provide valuable insights for investment decisions, insurance assessments, and community safety strategies.
Demographics
Hardeman County, Tennessee shows a slightly higher male population compared to females. The educational attainment reveals a community where the majority are high school graduates, but relatively few hold advanced degrees. The age distribution indicates a diverse mix, with significant representation across all age groups, hinting at stable generational continuity. In terms of race, the county is predominantly White, with African Americans constituting a notable portion of the population. This... Read more
Race Distribution in Hardeman County, Tennessee (2022)
Educational Attainment in Hardeman County, Tennessee (2022)
Age Distribution in Hardeman County, Tennessee
Citizen Population in Hardeman County, Tennessee (2022)
Political Trends & Data
In Hardeman County, Tennessee, the 2020 U.S. Presidential Election seemed to have Republican candidates leading with roughly 57.2% of the vote, while Democrats potentially secured about 41.5%. Given the negligible support for non-major parties, this voting pattern could hint at prevailing local political inclinations and may influence future campaign approaches in similar... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hardeman County, Tennessee, the 2020 U.S. Presidential Election saw Republican candidates possibly leading with approximately 57.2% of the vote, while Democrats garnered around 41.5%. Votes for other parties appeared negligible, with minor support evident for non-major parties. This distribution could reflect broader regional political tendencies and might inform future campaign strategies.
57.24% of voters voted for the Republican party in the 2020 Presidential Election
41.54% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Hardeman County, Tennessee has seen its student-to-teacher ratio fluctuate between approximately 12 and 15 students per teacher, occasionally dipping below the national average of 14. This trend possibly suggests smaller class sizes and more personalized attention for students, a factor that could influence property values and community attractiveness. Lower ratios are often associated with better educational outcomes, adding to the allure for potential investors, real... Read more
Student-to-teacher ratio in Hardeman County, Tennessee over the last 10 years
Over the last decade, Hardeman County, Tennessee has seen its student-to-teacher ratio fluctuate between approximately 12 and 15 students per teacher. Notably, the county dipped below the national average of 14 students per teacher in several years, which might suggest smaller class sizes and potentially more personalized attention for students. For potential investors, real estate agents, and those considering relocation, these figures could be indicative of the local educational environment's relative competitiveness and appeal. Lower ratios are often associated with better educational outcomes, which might influence property values and community attractiveness.
