Hardin County Real Estate and Livability Trends
Hardin County, Tennessee, has seen a steady rise in average taxable income per tax return, suggesting economic growth that might appeal to real estate investors. Median home values jumped from $96,900 in 2015 to $142,300 in 2022, trailing state and national trends but still presenting an attractive market. Real estate taxes have doubled over the last decade, peaking at $3,406.67 in 2020, hinting... Read more
Hardin County Market Trends
In Hardin County, Tennessee, the median home values have climbed from $96,900 in 2015 to $142,300 in 2022, trailing but largely following state and national trends, making it an attractive, more affordable market. Real estate taxes have nearly doubled over the last decade, peaking at $3,406.67 in 2020, hinting at rising property values and higher tax rates. Investment in energy-efficient... Read more
Median Value of Occupied Housing Units in Hardin County, Tennessee Over the Last 8 Years
In Hardin County, Tennessee, median home values have generally climbed from $96,900 in 2015 to $142,300 in 2022, paralleling but largely trailing the broader trends seen at both state and national levels. When compared to the state of Tennessee, where values surged from $142,100 to $232,100, and the national average, which increased from $125,500 to $179,400 in the same period, Hardin County's growth signals a more affordable, but still appreciating, market. This can be a compelling aspect for prospective investors or homebuyers seeking value within a rising market while maintaining a lower entry cost.
Residential Energy Tax Credit Per Tax Return in Hardin County, TN Over the Last 8 Years
Over the last eight years, Hardin County, Tennessee has shown fluctuating trends in residential energy tax credits per tax return. Peaks were observed in 2017 and 2019, with averages reaching up to $500.00 and $480.00 respectively, while the lowest point was in 2014 at $230.00. This variability could be indicative of changing incentives or investment in energy-efficient home improvements, presenting potential opportunities for savvy investors and homeowners interested in energy savings and related tax benefits.
Average Real Estate Taxes Per Tax Return in Hardin County, TN Over the Last 10 Years
Over the last decade, Hardin County, Tennessee has seen a noticeable increase in real estate taxes per tax return, starting at approximately $1,568.42 in 2012 and peaking at about $3,406.67 in 2020 before slightly declining to $2,906.90 in 2021. This upward trend suggests rising property values or changes in tax rates, shedding light on the county's evolving market dynamics. For investors, real estate agents, and potential homeowners, this growth could indicate both enhanced property valuations and higher taxation costs.
Percentage of Farm Returns in Hardin County, TN Over the Last 10 Years
Over the last decade, Hardin County, Tennessee, has seen a fluctuating percentage of farm tax returns, ranging from approximately 4.10% in 2020 to a peak of around 5.07% in 2012. Farm tax returns, representing the proportion of tax filings designated for agricultural activities, provide insights into the county’s economic dependency on farming. Such trends might suggest underlying economic shifts, possibly affecting future land value, investment opportunities, and rural development potential in the area. For potential investors or residents, these numbers hint at the evolving agricultural dynamics and their possible implications on local economic stability and growth.
Number of Mortgages by Occupancy Type in Hardin County, TN Over the Last 5 Years in Hardin County
Over the last five years in Hardin County, Tennessee, the number of mortgages for principal residences consistently surpassed those for second residences and investment properties. Principal residences saw notable fluctuations, peaking in 2021 with 1,216 mortgages. The steep increase in mortgages for second residences in 2020 and 2021 suggests a shift towards people acquiring additional properties. Changes in occupancy type are crucial as they reflect broader economic and demographic trends; heavy investments in principal residences may indicate population growth, while surges in second residences and investment properties could signal a rise in tourism or second homebuyers seeing potential in the area. These trends can impact local property values, demand for services, and economic development, making the data relevant for investors, real estate agents, appraisers, and insurance agents alike.
Economic Outlook
Hardin County, Tennessee, has seen a consistent rise in average taxable income per tax return, jumping from approximately $40,569.60 in 2013 to around $61,649.42 in 2021. This suggests economic growth and could make the county more attractive to investors and real estate developers. Meanwhile, average state and local income taxes have shown a significant uptrend since 2017, peaking at $9,771.43 in 2019 before stabilizing around $7,242.86 in 2021. These changes might reflect shifting economic... Read more
Average Taxable Income per Tax Return in Hardin County, TN over the last 9 years
Over the last nine years, Hardin County, Tennessee, has seen a steady increase in average taxable income per tax return, climbing from approximately $40,569.60 in 2013 to around $61,649.42 in 2021. This upward trend could indicate economic growth and rising standards of living, making the county potentially attractive for investors, real estate developers, or individuals looking to relocate. This growth might also inform property valuations and insurance considerations, as higher incomes can influence housing demand and market dynamics.
Average State and Local Income Taxes Per Tax Return in Hardin County, TN Over the Last 10 Years
Hardin County, Tennessee has experienced significant fluctuations in average state and local income taxes per tax return over the last decade. In 2013, there was a notable rise to $5085.00, followed by a decrease in subsequent years, bottoming out at $4247.83 in 2016. However, post-2017, there's a clear upwards trend peaking dramatically at $9771.43 in 2019. Though it slightly dipped in 2020 to $6833.33, it upticked again to $7242.86 by 2021. These trends could be indicative of changing economic conditions, policy shifts, or population changes, making it a critical factor for those considering investments, property developments, or relocations in Hardin County.
Average Total Tax Liability Per Tax Return in Hardin County, TN Over the Last 10 Years
Over the last decade in Hardin County, Tennessee, the average total tax liability per tax return has generally trended upwards, moving from around $6,458.91 in 2012 to approximately $9,943.68 in 2021. This growth may indicate an increase in income or property values, making the area potentially more lucrative for investors and property developers. Real estate agents and appraisers might also find this data useful for understanding market dynamics, while insurance agents could consider these trends when assessing risk and setting rates.
Cost of Living in Hardin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,000 | $1,379 | $1,867 | $969 | $706 |
| 1 adult 4 children | $1,000 | $1,126 | $1,428 | $969 | $730 |
| 2 adults 3 children | $1,000 | $1,127 | $1,620 | $969 | $537 |
| 1 adult 3 children | $1,000 | $920 | $1,181 | $969 | $522 |
| 2 adults 2 children | $747 | $922 | $1,372 | $858 | $491 |
| 1 adult 2 children | $747 | $689 | $933 | $858 | $413 |
| 2 adults 1 child | $747 | $729 | $1,125 | $500 | $512 |
| 1 adult 1 child | $747 | $471 | $686 | $500 | $414 |
| 2 adults | $567 | $586 | $877 | $0 | $460 |
| 1 adult | $564 | $319 | $439 | $0 | $408 |
Safety trends & Data
Hardin County, Tennessee has experienced fluctuating property crime rates over the past five years, with Burglary incidents hitting a high of 45 in 2019 before dropping to 32 in 2022. Fraud saw a spike in 2019 with 101 cases but reduced to 45 by 2022. No clear pattern emerged for Motor Vehicle Theft and Vandalism. These changing crime rates could potentially impact property values and insurance costs, suggesting that careful evaluation is essential for investors and real estate... Read more
Property Crime Trends in Hardin County, TN Over the Last 5 Years
Hardin County, Tennessee has seen varying trends in property crime over the last five years. While Burglary and Larceny-Theft consistently constitute the major portion of property crimes, their frequencies have seen fluctuations, with Burglary peaking at 45 incidents in 2019 before declining to 32 in 2022. Meanwhile, Fraud incidents showed a noticeable peak in 2019 at 101 cases but have since reduced to 45 by 2022. Motor Vehicle Theft and Vandalism have also presented a mixed trend with no clear pattern. For potential investors and real estate agents, these shifting crime rates may affect property values and insurance premiums, indicating a need for cautious evaluation when considering opportunities in the area.
Demographics
Hardin County, Tennessee shows a relatively balanced gender split among its adult population, with just over 11,000 females and slightly more than 10,000 males. The dominant educational attainment in the region is high school graduation; however, higher education remains less common, as evidenced by the lesser numbers holding associate's, bachelor's, or graduate degrees. Age distribution skews older, with a notable portion of the population over 55 years. Racially, the county is predominantly... Read more
Race Distribution in Hardin County, Tennessee (2022)
Educational Attainment in Hardin County, Tennessee (2022)
Age Distribution in Hardin County, Tennessee
Citizen Population in Hardin County, Tennessee (2022)
Political Trends & Data
Hardin County, Tennessee, exhibited a pronounced preference for Republican candidates in the 2020 presidential election, with around 83% of the votes going to the GOP. Democratic candidates received roughly 15% of the votes, while other parties, including Libertarians and Greens, had little to no traction. This voting pattern hints at deeply rooted political tendencies that could shape future electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hardin County, Tennessee, displayed a significant leaning towards Republican candidates in the 2020 presidential election, with approximately 83% of votes favoring the GOP. In contrast, Democratic support was much lower, garnering around 15%. Other political affiliations, including Libertarian and Green parties, had negligible impact, capturing almost no votes. This distribution might suggest strong, entrenched political inclinations within the county, hinting at potential voting patterns in future elections.
82.85% of voters voted for the Republican party in the 2020 Presidential Election
15.38% of voters voted for the Democrat party in the 2020 Presidential Election
1.77% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hardin County, Tennessee's student-to-teacher ratio has varied, peaking at nearly 16 in 2018 before dropping to around 13 by 2023. This trend falls closely with or below the national average of 14 students per teacher, indicating potential benefits for students in receiving more individualized attention. For investors, these educational trends could signal the county’s prioritization of education, possibly boosting property values and community... Read more
Student-to-teacher ratio in Hardin County, Tennessee over the last 10 years
Hardin County, Tennessee's student-to-teacher ratio has varied significantly over the past decade. Starting at around 14 in 2014, the ratio peaked at nearly 16 in 2018 before dropping to around 13 by 2023. The fluctuations may suggest shifts in population dynamics, budget allocations, or educational policies, which could influence the quality of education. Notably, these figures often align closely with or fall below the national average of 14 students per teacher, indicating potential benefits for students in receiving more individualized attention compared to other regions. For those planning to invest in the area, these trends could reflect the county's prioritization of education, potentially boosting property values and community appeal.
