Hickman County Real Estate and Livability Trends
Hickman County, Tennessee's real estate market shows intriguing trends. The average taxable income jumped from $38,960.57 in 2013 to $54,154.25 in 2021, hinting at a potentially more robust economy. This surge may catch the eye of investors and developers eyeing the area. Median home values outpaced state growth, escalating from $93,800 in 2015 to $163,900 in 2022, likely influencing property... Read more
Hickman County Market Trends
Hickman County, Tennessee's median home values have surged from $93,800 in 2015 to $163,900 in 2022, outpacing the state’s growth. The significant rise in real estate taxes, peaking at $2,895.00 in 2020, could reflect increased property values and possibly expanded county services. Energy tax credit trends fluctuated, peaking at $871.43 in 2021, indicating sporadic investment in... Read more
Median Value of Occupied Housing Units in Hickman County, Tennessee Over the Last 8 Years
The median home values in Hickman County, Tennessee, have increased significantly over the last 8 years, from $93,800 in 2015 to $163,900 in 2022. This county saw a more rapid appreciation compared to the state overall, with Tennessee's median rising from $142,100 to $232,100 in the same period. When placed against the national rise from $125,500 to $179,400, Hickman County started at a lower base but showcased a healthy upward trajectory. These trends may imply growing interest and investment potential in the county, potentially driven by factors specific to the local market, such as affordability and rural appeal relative to broader trends.
Residential Energy Tax Credit Per Tax Return in Hickman County, TN Over the Last 8 Years
Hickman County, Tennessee has shown fluctuating average residential energy tax credits per tax return over the past eight years, peaking at $871.43 in 2021. Notably, the amount dipped below $400 in 2014 and 2017, and saw a significant rise in 2015 and 2021, suggesting varying levels of investment or incentive use for energy-efficient improvements among residents. These trends could be a useful indicator for appraisers and insurance agents about the adoption rate of energy-saving technologies, which might impact property values and insurance considerations. For potential investors and real estate agents, understanding these fluctuations could help in assessing the appeal and modernization efforts of local residential properties.
Average Real Estate Taxes Per Tax Return in Hickman County, TN Over the Last 10 Years
Hickman County, Tennessee has seen a notable upward trend in average real estate taxes per tax return over the last decade. From around $1,293.07 in 2012 to peaking at $2,895.00 in 2020, the fluctuations reflect significant changes in the local real estate market. This dramatic increase, especially post-2016, could suggest rising property values, increased county services, or policy changes impacting tax rates. For potential investors, appraisers, and real estate agents, these shifts indicate a growing real estate market that might present lucrative opportunities. Meanwhile, insurance agents and current homeowners might want to keep an eye on these trends for budgeting and financial planning.
Percentage of Farm Returns in Hickman County, TN Over the Last 10 Years
Hickman County, Tennessee, has seen a generally declining trend in the percentage of farm tax returns over the past decade, with figures dropping from 5.99% in 2012 to 4.81% in 2021. Farm tax returns, which indicate the proportion of tax filings related to agricultural income, are a key metric for understanding the economic health and agricultural activity in a region. For investors, property developers, or those considering moving to Hickman County, this downward trend might suggest a shift away from agricultural livelihoods, potentially indicating changes in land use or economic focus within the county.
Number of Mortgages by Occupancy Type in Hickman County, TN Over the Last 5 Years in Hickman County
In Hickman County, Tennessee, the number of mortgages for principal residences has noticeably increased from 2018’s 934 to 2022's 1250, suggesting a growing demand for permanent homes. While investment property mortgages have remained fairly steady—ranging from 34 to 50 over the past five years—the slight uptick in 2022 could signal a budding interest among investors, potentially driving up property values. Second residences have shown less fluctuation, with numbers staying relatively low. For investors, real estate agents, and builders, these trends imply a robust market for primary homes but a more stable, niche market for second properties. This data could also affect insurance premiums and appraisals, as higher demand for main residences might reflect changing socio-economic conditions, impacting overall property values.
Economic Outlook
In Hickman County, Tennessee, average taxable income has steadily risen from $38,960.57 in 2013 to $54,154.25 in 2021, signaling a potentially stronger economic climate that could be attractive to both investors and developers. This continued growth might also impact property valuations and insurance rates, drawing interest from new residents and businesses. Additionally, fluctuations in state and local income taxes, peaking at $10,550.00 in 2019, could indicate shifting tax policies, providing... Read more
Average Taxable Income per Tax Return in Hickman County, TN over the last 9 years
Hickman County, Tennessee has seen a consistent upward trend in average taxable income per tax return over the past nine years, with notable increases from $38,960.57 in 2013 to $54,154.25 in 2021. This growth indicates a potentially stronger economic environment that might interest investors and real estate developers. The steady rise could also influence property appraisals and insurance assessments, making it an appealing destination for new residents and businesses alike.
Average State and Local Income Taxes Per Tax Return in Hickman County, TN Over the Last 8 Years
Hickman County, Tennessee has seen notable volatility in state and local income taxes per tax return over the past 8 years. After a peak of $5,350.00 in 2014, there was a decline with 2016 hitting a low of $4,587.50, before seeing a significant spike in 2019 at $10,550.00. This fluctuation suggests potential changes in tax policies or economic conditions, making it an area of interest for investors, real estate agents, and appraisers looking to understand local fiscal dynamics.
Average Total Tax Liability Per Tax Return in Hickman County, TN Over the Last 10 Years
Over the past decade, Hickman County, Tennessee has seen a notable increase in average total tax liability per tax return, rising from approximately $4,615.02 in 2012 to around $7,610.49 in 2021. The significant uptick starting in 2015, with a particularly sharp jump in 2020, may suggest changing economic conditions or shifts in local taxation policies. This trend is likely relevant for potential investors, real estate agents, and those considering moving to the area, as it may reflect broader economic growth or increasing property values.
Cost of Living in Hickman County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,062 | $1,428 | $1,970 | $969 | $782 |
| 1 adult 4 children | $1,062 | $1,166 | $1,508 | $969 | $819 |
| 2 adults 3 children | $1,062 | $1,166 | $1,709 | $969 | $593 |
| 1 adult 3 children | $1,062 | $952 | $1,247 | $969 | $602 |
| 2 adults 2 children | $747 | $955 | $1,447 | $858 | $524 |
| 1 adult 2 children | $747 | $713 | $985 | $858 | $447 |
| 2 adults 1 child | $747 | $755 | $1,186 | $500 | $542 |
| 1 adult 1 child | $747 | $487 | $724 | $500 | $438 |
| 2 adults | $661 | $606 | $924 | $0 | $510 |
| 1 adult | $609 | $331 | $462 | $0 | $441 |
Safety trends & Data
Hickman County, Tennessee, has experienced fluctuating property crime trends over the last five years. Burglary incidents peaked in 2019 with 27 occurrences but dropped to 13 by 2022. Larceny-theft showed a decrease from 54 incidents in 2019 to 29 in 2022. Motor vehicle theft saw an uptick, jumping to 29 incidents in 2022 from a low of 14 in 2021. Vandalism has remained fairly stable, with a peak of 23 incidents in 2021. These shifts are important for investors, real estate agents, and... Read more
Property Crime Trends in Hickman County, TN Over the Last 5 Years
Hickman County, Tennessee, has seen varying trends in property crime over the last five years. Burglary incidents peaked in 2019 with 27 occurrences but notably declined to 13 by 2022. Larceny-theft remained relatively high, with the highest at 54 incidents in 2019 but showing a downward trend to 29 in 2022. Motor vehicle theft fluctuated, seeing a notable increase to 29 in 2022 from a low of 14 in 2021. Vandalism stayed somewhat consistent, peaking at 23 incidents in 2021 with slight variations in other years. These trends are critical for investors, real estate agents, and residents, indicating areas of concern and potential stability.
Demographics
Hickman County, Tennessee shows a near-balanced male-to-female ratio, with males having a slight edge. The educational attainment mostly leans towards high school graduates, with a notable number having some college education but no degree. The age distribution reveals a slightly older population, with a significant portion falling between the ages of 55 to 64 years. The racial makeup is predominantly White, with minimal representation from other racial... Read more
Race Distribution in Hickman County, Tennessee (2022)
Educational Attainment in Hickman County, Tennessee (2022)
Age Distribution in Hickman County, Tennessee
Citizen Population in Hickman County, Tennessee (2022)
Political Trends & Data
Hickman County, Tennessee, with its strong Republican lean of around 77% in the 2020 U.S. Presidential Election, indicates a predominantly conservative voter base. Democrats garnered approximately 22% of the vote, and third-party candidates barely made a dent, suggesting local policies and political priorities could heavily reflect conservative values. This conservative tilt may impact everything from development regulations to educational policies, providing a unique backdrop for the real... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hickman County, Tennessee exhibited a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with approximately 77% of the votes. The Democrats captured a distant second at around 22%, while third-party influence was almost negligible. This pattern suggests a predominantly conservative voter base, which could influence local policy and political priorities significantly.
77.06% of voters voted for the Republican party in the 2020 Presidential Election
21.66% of voters voted for the Democrat party in the 2020 Presidential Election
1.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Hickman County, Tennessee has experienced a fluctuating student-to-teacher ratio, peaking at around 16 students per teacher in 2020 and dropping to nearly 13 in 2023. Lower ratios could be attractive to families and investors focusing on education quality, indicating more personalized attention for students. Conversely, higher ratios might suggest a need for more educational infrastructure, affecting real estate agents and builders. Appraisers and insurance agents might... Read more
Student-to-teacher ratio in Hickman County, Tennessee over the last 10 years
Over the last decade, Hickman County, Tennessee has seen a fluctuating student-to-teacher ratio, peaking at approximately 16 students per teacher in 2020 and dropping to nearly 13 in 2023. This trend generally aligns with the national average of 14 students per teacher, except for moments where it exceeded the norm. These changes in student-to-teacher ratio have potential implications for various stakeholders. Lower ratios could be appealing to families and investors prioritizing education quality, suggesting more personalized attention for students. Conversely, higher ratios might warrant consideration from real estate agents and builders as they could signal the need for more educational infrastructure. Appraisers and insurance agents might look at these trends when assessing property value and risk, respectively.
