Henderson County Real Estate and Livability Trends
In Henderson County, Tennessee, real estate market dynamics paint an intriguing picture of economic growth and investment potential. The average taxable income per return has surged from $40,800.52 in 2013 to $56,252.32 in 2021, reflecting possibly stronger earning potentials. Median home values have risen from $92,700 in 2015 to $139,600 in 2022, suggesting increasing affordability in comparison... Read more
Henderson County Market Trends
Henderson County, Tennessee has seen a steady rise in median home values, jumping from $92,700 in 2015 to $139,600 in 2022, making it a more affordable option compared to Tennessee's broader market. Real estate taxes have also climbed notably, peaking at $2,740.00 in 2020, possibly reflecting local economic growth. The average residential energy tax credit per tax return has fluctuated but peaked... Read more
Median Value of Occupied Housing Units in Henderson County, Tennessee Over the Last 8 Years
Henderson County, Tennessee has seen steady growth in median home values over the past eight years, rising sharply from $92,700 in 2015 to $139,600 in 2022. While this increase is significant, the county remains more affordable compared to the broader state, which jumped from $142,100 to $232,100 over the same period. Nationally, the median home value increased from $125,500 to $179,400, indicating that Henderson County could be an attractive option for those seeking more budget-friendly living options within Tennessee. The substantial value appreciation in a relatively low-cost area like Henderson County might suggest emerging investment opportunities, appealing particularly to those looking to capitalize on future growth.
Residential Energy Tax Credit Per Tax Return in Henderson County, TN Over the Last 8 Years
Henderson County, Tennessee has seen notable fluctuations in the average residential energy tax credit per tax return over the past eight years. The credit started at around $263.16 in 2013, dipped to $230.77 in 2014, but generally increased after that, peaking at $828.57 in 2021. This trend could hint at growing investments in energy-efficient home improvements or changes in tax policies and incentives, providing compelling data points for potential investors, homeowners, and real estate professionals. Such variances may also influence appraisers and insurance agents in their evaluations of property values and associated risks.
Average Real Estate Taxes Per Tax Return in Henderson County, TN Over the Last 10 Years
Over the past decade, Henderson County, Tennessee has experienced a notable uptick in average real estate taxes per tax return. Starting around $1,433.59 in 2012, the taxes saw a consistent and steady rise, peaking significantly at $2,740.00 in 2020. This trend may interest investors and property developers as it can reflect underlying economic growth or shifts in local government policies. Real estate agents and insurance agents might also find this data useful for advising clients on long-term costs and potential market values, while residents should be aware of the increasing financial burden.
Percentage of Farm Returns in Henderson County, TN Over the Last 10 Years
Henderson County, Tennessee has seen a gradual decline in the percentage of farm tax returns over the last decade. Starting from 7.04% in 2012, the proportion fluctuated slightly but generally maintained a downward trend, dipping to 5.96% by 2021. Farm tax returns, which reflect the number of tax filings from agricultural operations, are a useful indicator of the agricultural sector's vibrancy in the area. This declining trend may suggest that fewer farms are operational or profitable enough to require tax filings, potentially impacting local economic stability and opportunities for new agricultural investments.
Number of Mortgages by Occupancy Type in Henderson County, TN Over the Last 5 Years in Henderson County
Henderson County, Tennessee has seen a notable trend towards increased mortgages for principal residences over the past five years, with a significant rise from 819 in 2018 to 1278 by 2021. While this could indicate growing buyer confidence in making primary home purchases, there's a slight, yet noticeable, decline in investment property mortgages, dropping from 75 in 2018 to 45 in 2021. Changes in occupancy type can reflect broader economic conditions or shifts in population dynamics, providing critical insights for investors, real estate agents, appraisers, and insurance agents. For those looking to invest, understanding this balance helps in assessing market demand and planning financially rewarding strategies.
Economic Outlook
Henderson County, Tennessee’s real estate market reflects a compelling economic landscape, with average taxable income per tax return increasing from approximately $40,800.52 in 2013 to an estimated $56,252.32 in 2021. This rise, particularly the notable jump between 2020 and 2021, suggests stronger economic growth or higher earning potentials in the area. Fluctuations in state and local income taxes, peaking at $5,800.00 in 2021, and a significant spike in total tax liability to $8,042.26... Read more
Average Taxable Income per Tax Return in Henderson County, TN over the last 9 years
Henderson County, Tennessee has experienced a steady increase in average taxable income per tax return over the past nine years, rising from approximately $40,800.52 in 2013 to an estimated $56,252.32 in 2021. Notably, there was a significant jump between 2020 and 2021, suggesting potential economic growth or higher earning potentials in the area. This trend could be compelling for investors, property developers, and real estate agents considering the region, as well as for appraisers and insurance agents factoring in economic stability and growth.
Average State and Local Income Taxes Per Tax Return in Henderson County, TN Over the Last 9 Years
Henderson County, Tennessee has seen notable fluctuations in average state and local income taxes per tax return over the past nine years. From a modest $3,850.00 in 2012, the value reached peaks at $4,316.67 in 2014 and dropped to a low of around $3,400.00 in 2018. The jump to $5,800.00 in 2021 signifies a sharp increase, reflecting possibly changing economic conditions or tax policies. For investors and real estate agents, these trends might suggest shifting financial landscapes and potential volatility in local economic stability. This could also impact property valuations, risk assessments, and insurance considerations in the region.
Average Total Tax Liability Per Tax Return in Henderson County, TN Over the Last 10 Years
Over the last decade, Henderson County, Tennessee has seen a general fluctuation in average tax liability per return, stabilizing around the $6,000 mark for most years. Notably, 2021 saw a significant spike to $8,042.26, which may indicate an economic shift or changes in tax policy. This variability could influence real estate dynamics, investment considerations, and financial planning for current or prospective residents and professionals in related fields.
Cost of Living in Henderson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $986 | $1,355 | $1,867 | $969 | $694 |
| 1 adult 4 children | $986 | $1,107 | $1,428 | $969 | $717 |
| 2 adults 3 children | $986 | $1,107 | $1,620 | $969 | $529 |
| 1 adult 3 children | $986 | $904 | $1,181 | $969 | $514 |
| 2 adults 2 children | $747 | $906 | $1,372 | $858 | $488 |
| 1 adult 2 children | $747 | $677 | $933 | $858 | $412 |
| 2 adults 1 child | $747 | $716 | $1,125 | $500 | $512 |
| 1 adult 1 child | $747 | $463 | $686 | $500 | $416 |
| 2 adults | $661 | $575 | $877 | $0 | $486 |
| 1 adult | $609 | $314 | $439 | $0 | $424 |
Safety trends & Data
Henderson County, Tennessee, has seen a general decline in property crime over the past five years. Burglary and larceny-theft numbers have trended downward, indicating a safer environment, although incidents of fraud and vandalism had their moments of increase. Motor vehicle theft remained stable. These trends could be significant for potential investors and residents looking for safer communities, and for real estate agents and appraisers assessing property values in the... Read more
Property Crime Trends in Henderson County, TN Over the Last 5 Years
Henderson County, Tennessee has generally seen a decline in property crime over the past five years, with notable fluctuations in specific categories. Arson incidents remained low, with minor variances. Burglary and larceny-theft numbers showed a decreasing trend, suggesting improvements in these areas. However, fraud and vandalism had moments of increase but also appeared to decline in recent years. Motor vehicle theft remained relatively stable. These trends are crucial for potential investors and residents seeking safer communities, and for real estate agents and appraisers assessing property values in the region. Insurance agents could also find this data significant when determining premiums.
Demographics
Henderson County, Tennessee, presents a slight gender imbalance with a higher number of females compared to males in the adult population. Educationally, a significant portion of the population has completed high school, but there's a notable drop-off in higher education attainment beyond some college. The age distribution suggests a strong presence of middle-aged adults, particularly those between 45 to 64 years old. Racially, the county is predominantly White with a smaller representation of... Read more
Race Distribution in Henderson County, Tennessee (2022)
Educational Attainment in Henderson County, Tennessee (2022)
Age Distribution in Henderson County, Tennessee
Citizen Population in Henderson County, Tennessee (2022)
Political Trends & Data
Henderson County, Tennessee, consistently shows a strong conservative lean, with Republicans capturing about 81.5% of the vote in the 2020 U.S. Presidential Election. Democrats, on the other hand, garnered roughly 17.4%, indicating a limited presence in the county. Interestingly, minor parties and independents collectively received just over 1%, hinting at a modest interest outside the two major... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Henderson County, Tennessee, leaned significantly Republican in the 2020 U.S. Presidential Election, with Republicans capturing about 81.5% of the vote. Democrats garnered roughly 17.4%, highlighting the county's strong conservative inclination. Minor parties and independents collectively received a little over 1% of the vote, which might suggest limited but present interest outside the two major parties.
81.51% of voters voted for the Republican party in the 2020 Presidential Election
17.40% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Henderson County, Tennessee, has generally remained slightly above the national average of fourteen students per teacher, peaking at around sixteen students per teacher between 2018 and 2020. By 2023, this number has decreased to just under fifteen. This fluctuation might influence investors, developers, and appraisers as it impacts the perceived quality of education, potentially affecting families' relocation decisions. Real estate and insurance professionals... Read more
Student-to-teacher ratio in Henderson County, Tennessee over the last 10 years
The student-to-teacher ratio in Henderson County, Tennessee has fluctuated over the last decade but shows a general trend of remaining slightly above the national average of fourteen students per teacher. After peaking at approximately sixteen students per teacher between 2018 and 2020, the ratio has gradually decreased to just under fifteen by 2023. This variability might be noteworthy for prospective investors, real estate developers, and educational appraisers as it could impact the perceived quality of education, potentially influencing families' decisions to move to the area. Such nuances in student-teacher ratios are also relevant for insurance agents assessing educational infrastructure and for real estate agents to market properties more effectively in Henderson County.
