Henry County Real Estate and Livability Trends
Henry County, Tennessee's real estate market is showing promising trends with median home values soaring from $94,300 in 2015 to $141,000 in 2022, significantly outpacing broader regional trends. The surge in real estate taxes from $1,479.07 in 2012 to $2,996.67 in 2021 may suggest appreciating property values or changes in municipal tax policy. Economic growth is evident with an increase in... Read more
Henry County Market Trends
Henry County, Tennessee's housing market has experienced robust growth, with median home values jumping from $94,300 in 2015 to $141,000 in 2022. This increase outpaces broader trends seen in Tennessee and the U.S., offering an attractive mix of rapid appreciation and lower entry costs. Additionally, the area has seen notable increases in residential energy tax credits, peaking at $944.44 in... Read more
Median Value of Occupied Housing Units in Henry County, Tennessee Over the Last 8 Years
Over the last 8 years, median home values in Henry County, Tennessee have seen significant growth, skyrocketing from $94,300 in 2015 to $141,000 in 2022. This increase is quite impressive, particularly when compared to the broader trends in Tennessee and the United States. In Tennessee, median values grew from $142,100 to $232,100 over the same period, and nationally, from $125,500 to $179,400. For potential investors or those considering a move, Henry County's housing market offers an appealing balance of rapid appreciation and comparatively lower entry costs.
Residential Energy Tax Credit Per Tax Return in Henry County, TN Over the Last 8 Years
Over the past eight years, Henry County, Tennessee, has seen a variable increase in average residential energy tax credits. Notable jumps occurred in 2017, 2019, and 2021, with amounts reaching approximately $528.57, $716.67, and $944.44 respectively. This fluctuation could suggest a growing investment in energy-efficient home improvements, which might appeal to potential homeowners and investors prioritizing long-term cost savings. Such trends can also be relevant for appraisers and real estate agents, emphasizing the increasing value of energy-efficient properties in the area.
Average Real Estate Taxes Per Tax Return in Henry County, TN Over the Last 10 Years
Real estate taxes in Henry County, Tennessee have shown a noticeable upward trend over the past decade, rising from $1,479.07 in 2012 to $2,996.67 in 2021 per tax return. Particularly sharp increases were observed between 2017 and 2018, and again from 2018 to 2019, suggesting significant developments or reassessments during those years. This could be relevant for investors, real estate agents, and potential residents considering property in the area, as it may indicate rising property values or changes in municipal tax policies.
Percentage of Farm Returns in Henry County, TN Over the Last 10 Years
Over the last decade, Henry County, Tennessee has seen some variation in the percentage of farm tax returns, peaking at around 5.33% in 2013 and generally fluctuating downward to approximately 4.34% by 2021. Farm tax returns, which are filed by agricultural businesses to report income and expenses, act as a proxy for gauging the vitality of the farming sector in the area. For potential investors or those looking to move to or build property in Henry County, these figures might signify slight fluctuations in the local agricultural economy, which could influence land use and property values.
Number of Mortgages by Occupancy Type in Henry County, TN Over the Last 5 Years in Henry County
In Henry County, Tennessee, the number of mortgages for principal residences has shown consistent growth, peaking significantly in 2021 with 1,553, while second residences and investment properties fluctuated without a clear upward or downward trend. Shifts in occupancy type could signal changing socioeconomic dynamics; a rise in principal residence mortgages might imply increasing local population or housing stability, which could be appealing for investors and real estate agents. Meanwhile, the steady, though smaller, figures for investment and second residences might be important for those looking at rental market potentials or niche property development opportunities. This variability and growth patterns are critical for appraisers and insurance agents to understand evolving market values and risk profiles.
Economic Outlook
Henry County, Tennessee has experienced a notable rise in average taxable income from $43,597.11 in 2013 to $63,564.59 in 2021, indicating potential economic growth in the area. This trend may attract real estate developers, investors, and homebuyers seeking opportunities. The fluctuation in average state and local income taxes, ranging from $5,270.83 in 2014 to $10,142.86 in 2021, adds an element of unpredictability that could impact financial planning and living costs. Additionally, climbing... Read more
Average Taxable Income per Tax Return in Henry County, TN over the last 9 years
Henry County, Tennessee has seen a notable rise in average taxable income over the last nine years, surging from approximately $43,597.11 in 2013 to $63,564.59 in 2021. This upward trend points to potential economic growth in the area, suggesting an increasingly attractive market for real estate developers, investors, and homebuyers. For appraisers and insurance agents, this rising income could translate into higher property values and, consequently, premiums. Essentially, the financial landscape in Henry County appears to be progressing, which might influence various stakeholders seeking opportunities in this location.
Average State and Local Income Taxes Per Tax Return in Henry County, TN Over the Last 10 Years
Over the past decade, average state and local income taxes in Henry County, Tennessee have fluctuated considerably, making financial planning somewhat unpredictable for both residents and potential investors. The lowest average tax per return was approximately $5,270.83 in 2014, while the highest surged to around $10,142.86 in 2021. Such variability may influence decisions related to real estate, insurance premiums, and general cost of living expectations in the area. Potential investors or residents should consider these tax trends when evaluating long-term financial commitments in Henry County.
Average Total Tax Liability Per Tax Return in Henry County, TN Over the Last 10 Years
Henry County, Tennessee has seen fluctuating but generally climbing trends in the average total tax liability per tax return over the past decade, with notable spikes in 2013 and 2021. Starting at $6,552.77 in 2012, tax liabilities reached a high of $9,723.67 in 2021. These patterns suggest a growing economic base and possibly increasing property values, which could be pertinent for potential investors, real estate agents, and appraisers looking to assess market dynamics and future growth potential in the area.
Cost of Living in Henry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $929 | $1,367 | $1,867 | $1,065 | $695 |
| 1 adult 4 children | $929 | $1,117 | $1,428 | $1,065 | $717 |
| 2 adults 3 children | $929 | $1,117 | $1,620 | $1,065 | $529 |
| 1 adult 3 children | $929 | $912 | $1,181 | $1,065 | $512 |
| 2 adults 2 children | $763 | $914 | $1,372 | $962 | $510 |
| 1 adult 2 children | $763 | $683 | $933 | $962 | $437 |
| 2 adults 1 child | $763 | $723 | $1,125 | $629 | $538 |
| 1 adult 1 child | $763 | $467 | $686 | $629 | $441 |
| 2 adults | $580 | $581 | $877 | $0 | $459 |
| 1 adult | $576 | $317 | $439 | $0 | $407 |
Safety trends & Data
Henry County, Tennessee has experienced significant property crime fluctuations in recent years, with burglary rates spiking in 2020 before decreasing to 20 cases in 2022. Larceny-theft continues to be the most common crime, peaking at 156 cases in 2018 and showing considerable changes yearly, hitting 148 cases in 2022. Fraud incidents have notably increased, jumping to 41 cases in 2022 from 12 in 2021. Arson and embezzlement remain infrequent, typically in low single digits. These trends offer... Read more
Property Crime Trends in Henry County, TN Over the Last 5 Years
Henry County, Tennessee, has seen some significant fluctuations in property crime over the past five years. While burglary spiked in 2020 to 51 cases from 34 in 2019, it has since decreased to 20 cases in 2022. Larceny-theft consistently remains the most prevalent crime, peaking at 156 cases in 2018 and having notable yearly changes, with 148 cases reported in 2022. Fraud incidents show a worrying increase, with 41 cases in 2022 compared to just 12 in 2021. Interestingly, arson and embezzlement remain relatively rare, with values mostly in the low single digits. These trends can offer valuable insights for investors, real estate agents, and anyone considering moving to the area.
Demographics
Henry County, Tennessee reveals an almost even male-to-female ratio among adults while showcasing a significant segment of the population holding a high school diploma or higher education. The age distribution indicates a substantial older population, with a noticeable portion over 55 years, perhaps pointing towards an aging community. The racial makeup reflects a predominantly White demographic with a small percentage of African Americans and minimal representation from other races.... Read more
Race Distribution in Henry County, Tennessee (2022)
Educational Attainment in Henry County, Tennessee (2022)
Age Distribution in Henry County, Tennessee
Citizen Population in Henry County, Tennessee (2022)
Political Trends & Data
Henry County, Tennessee, might have a predominantly conservative voter base, with the 2020 U.S. Presidential Election seeing about 74.7% votes for the Republican Party. This conservative tilt could play a significant role in shaping local policy and potentially impact future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Henry County, Tennessee, the 2020 U.S. Presidential Election results suggest a strong lean toward the Republican Party, capturing approximately 74.7% of the votes. The Democratic Party garnered about 23.6%, while minor parties and other candidates accounted for just over 1.7%. These figures might indicate a predominantly conservative voter base in this region, which could influence local policy and upcoming elections.
74.69% of voters voted for the Republican party in the 2020 Presidential Election
23.58% of voters voted for the Democrat party in the 2020 Presidential Election
1.73% of voters voted for the Other party in the 2020 Presidential Election
School Data
Henry County, Tennessee has experienced notable shifts in its student-to-teacher ratio over the past decade, swinging between a high of 15 students per teacher and a low of 13 students per teacher by 2023. As the national average is around 14 students per teacher, the declining ratio could be a positive indicator for investors and real estate agents, signifying potentially improved educational outcomes. Such trends are likely appealing to potential residents seeking better education for their... Read more
Student-to-teacher ratio in Henry County, Tennessee over the last 10 years
Over the past decade, Henry County, Tennessee has seen fluctuations in its student-to-teacher ratio, with values peaking at 15 students per teacher and dipping to as low as 13 students per teacher by 2023. This is particularly notable as the national average in the United States hovers around 14 students per teacher. Such dynamics in the student-to-teacher ratio can influence various stakeholders: investors and real estate agents may view declining ratios positively as it often correlates with improved educational outcomes; potential residents might find smaller class sizes appealing for their children's education; and appraisers and insurance agents might consider this a factor in evaluating neighborhood desirability and property values.
