Humphreys County Real Estate and Livability Trends
Humphreys County, Tennessee is experiencing dynamic shifts in its real estate market, marked by a notable increase in median home values from $106,400 in 2015 to $175,600 in 2022. This sharp rise potentially outpaces national and state trends, making the area appealing for real estate investors. Accompanying this, energy tax credits show a local interest in energy-efficient upgrades, which may... Read more
Humphreys County Market Trends
Humphreys County, Tennessee has seen a striking increase in median home values from $106,400 in 2015 to $175,600 in 2022, which outpaces both national and state trends, suggesting potential for real estate investors. Energy tax credits per return saw highs of $387.50 in 2016 and $833.33 in 2021, hinting at local interest in energy-efficient upgrades and possible influences on property values and... Read more
Median Value of Occupied Housing Units in Humphreys County, Tennessee Over the Last 8 Years
Humphreys County, Tennessee has seen significant growth in median home values over the past eight years, jumping from $106,400 in 2015 to $175,600 in 2022. This rapid appreciation outpaces the national trend where median home values rose from $125,500 to $179,400 in the same period, and diverges from the state trend where Tennessee saw values increase from $142,100 to $232,100. This sharp rise could make Humphreys County an appealing option for investors looking for growth potential, yet more affordable than other parts of Tennessee.
Residential Energy Tax Credit Per Tax Return in Humphreys County, TN Over the Last 8 Years
Over the last eight years, Humphreys County, Tennessee, experienced fluctuations in average residential energy tax credits per tax return, with notable peaks in 2016 and 2021, where credits reached $387.50 and $833.33, respectively. These trends may suggest periods of increased investment in energy-efficient upgrades, which can be particularly interesting for investors, property developers, and insurance agents considering the county's evolving energy landscape. Builders and real estate agents might find these figures indicative of a local market that increasingly values energy efficiency—a factor that could influence property values and buyer interest.
Average Real Estate Taxes Per Tax Return in Humphreys County, TN Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Humphreys County, Tennessee have shown significant growth, nearly doubling, with average amounts peaking at $2,772.22 in 2020. This sharp increase, particularly from 2017 onward, might indicate rising property values and a stronger local economy. For investors and those considering a move, this trend could suggest an appreciating market. Similarly, real estate agents and appraisers may find these statistics useful when evaluating property values and market potential.
Percentage of Farm Returns in Humphreys County, TN Over the Last 10 Years
Over the past decade, the percentage of farm returns in Humphreys County, Tennessee has shown a subtle but steady decline, decreasing from 8.51% in 2012 to 7.43% in 2021. Farm tax returns provide insights into the local agricultural economy by tracking income and expenses of farming operations. This decreasing trend might suggest a shift in the agricultural landscape, potentially affecting decisions for those considering investments, relocations, or property development in the area. Understanding this trend can be crucial for stakeholders as it may indicate gradual changes in the county’s economic focus or challenges faced by local farmers.
Number of Mortgages by Occupancy Type in Humphreys County, TN Over the Last 5 Years in Humphreys County
Fluctuations in the number of mortgages for different types of occupancy in Humphreys County, Tennessee might indicate evolving market dynamics. The jump in principal residence mortgages—from 674 in 2019 to 1142 in 2021—could suggest increasing local desirability for long-term living, potentially driving property values up. Meanwhile, relatively stable investment property numbers hint at a consistent interest from investors, although not growing significantly. This nuanced view of occupancy trends could be crucial for investors seeking steady rental markets, real estate agents identifying target demographics, appraisers adjusting valuations, or insurance agents evaluating risk profiles. Increased principal residence demand may also benefit those considering construction, signaling a strong market for new housing.
Economic Outlook
Average taxable income in Humphreys County, Tennessee has climbed from roughly $43,796.03 in 2013 to around $61,408.04 in 2021, indicative of possible economic opportunities and impacts on the cost of living. Though state and local income taxes per return have shown considerable variability, ranging from $3,916.67 in 2014 to $8,866.67 in 2020, these fluctuations highlight notable shifts in taxpayer burdens and local economic conditions. Total tax liabilities have also surged, hitting a peak of... Read more
Average Taxable Income per Tax Return in Humphreys County, TN over the last 9 years
Over the last nine years, average taxable income per tax return in Humphreys County, Tennessee has shown a general upward trend. Starting from approximately $43,796.03 in 2013, the figure saw consistent increments each year, reaching around $61,408.04 in 2021. This upward trajectory suggests a potential increase in overall economic prosperity and could be indicative of better job opportunities or a higher cost of living in the area. Investors and real estate agents might find this data useful for evaluating the local market's growth potential, while insurance agents and appraisers can gauge the incomer's ability to afford and maintain property.
Average State and Local Income Taxes Per Tax Return in Humphreys County, TN Over the Last 8 Years
Over the last eight years, Humphreys County, Tennessee has seen fluctuations in average state and local income taxes per tax return, revealing significant patterns of financial burden and potential tax policy impacts. From a low of $3,916.67 in 2014 to a notable increase hitting $8,866.67 in 2020, the data suggests variable economic conditions influencing taxpayer liabilities. For potential investors, developers, and real estate agents, these trends may flag shifts in economic vitality or policy changes worth monitoring. Insurance agents and appraisal professionals might also find these changes indicative of evolving local fiscal landscapes, impacting property valuations and insurance premiums.
Average Total Tax Liability Per Tax Return in Humphreys County, TN Over the Last 10 Years
Over the last decade, Humphreys County, Tennessee has seen significant fluctuations in total tax liability per tax return. From a low of approximately $6,190.52 in 2013, liabilities have trended upwards, peaking dramatically in 2021 at about $9,241.54. This volatility and recent spike could influence decisions for investors, property developers, and insurance agents, potentially reflecting economic shifts or policy changes within the county.
Cost of Living in Humphreys County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,040 | $1,424 | $1,970 | $969 | $778 |
| 1 adult 4 children | $1,040 | $1,163 | $1,508 | $969 | $839 |
| 2 adults 3 children | $1,040 | $1,163 | $1,709 | $969 | $605 |
| 1 adult 3 children | $1,040 | $949 | $1,247 | $969 | $597 |
| 2 adults 2 children | $747 | $952 | $1,447 | $858 | $527 |
| 1 adult 2 children | $747 | $711 | $985 | $858 | $451 |
| 2 adults 1 child | $747 | $752 | $1,186 | $500 | $545 |
| 1 adult 1 child | $747 | $486 | $724 | $500 | $441 |
| 2 adults | $661 | $604 | $924 | $0 | $511 |
| 1 adult | $609 | $330 | $462 | $0 | $440 |
Safety trends & Data
Property crime trends in Humphreys County, Tennessee have been quite dynamic over the past five years. Larceny-theft incidents saw a notable decline from 55 in 2018 to 21 in 2022, pointing to potential improvements in community safety. However, vandalism incidents spiked in 2020 with 45 reported cases, raising concerns for property investors. Economic crimes like fraud showed variability, with a high of 33 cases in 2021 before dropping to 24 in 2022. These fluctuating trends highlight the need... Read more
Property Crime Trends in Humphreys County, TN Over the Last 5 Years
Over the past five years, property crime trends in Humphreys County, Tennessee have fluctuated. Notably, larceny-theft incidents have seen a slight decline from a high of 55 in 2018 to 21 in 2022, indicating potential improvements in community safety or crime prevention. However, cases of vandalism peaked significantly in 2020 with 45 incidents, which could be a point of concern for those considering property investment or development in the region. Fraud incidents have varied, showing a possible increase in economic-related crimes, with 33 cases in 2021 before dropping to 24 in 2022. The data suggests a dynamic crime landscape that requires continuous monitoring and targeted interventions for those in real estate, insurance, law enforcement, and local governance.
Demographics
Humphreys County, Tennessee presents a notable demographic landscape with a largely balanced adult population between males and females. Education levels reveal that a significant portion of adults are high school graduates, yet there's a considerable gap before reaching higher educational achievements such as bachelor's and graduate degrees. Age distribution highlights a more substantial aging population, with a noticeable number of residents aged 55 and older. Racial composition remains... Read more
Race Distribution in Humphreys County, Tennessee (2022)
Educational Attainment in Humphreys County, Tennessee (2022)
Age Distribution in Humphreys County, Tennessee
Citizen Population in Humphreys County, Tennessee (2022)
Political Trends & Data
In Humphreys County, Tennessee, the 2020 Presidential Election results indicate a significant Republican preference, with over 74% of votes likely supporting the Republican party. The Democratic party trailed significantly around 24%, possibly highlighting a strong conservative sentiment in the region. This trend mirrors broader statewide voting patterns in Tennessee and could be insightful for understanding local political leanings which might influence property regulations and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Humphreys County, Tennessee, the 2020 U.S. Presidential Election saw a significant lean towards the Republican party, which likely garnered over 74% of the votes. The Democratic party trailed with about 24%, and minor parties, including Libertarian and Green, registered negligible impact. This disparity may suggest strong Republican sentiment in this region, reflecting broader state-wide trends in Tennessee.
74.31% of voters voted for the Republican party in the 2020 Presidential Election
24.49% of voters voted for the Democrat party in the 2020 Presidential Election
1.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Humphreys County, Tennessee, the student-to-teacher ratio has seen notable fluctuations over the past decade, peaking at 16 in 2020 before declining to about 15 in 2023, marginally above the national average of 14. These changes might reflect shifts in educational policies or demographics, offering insights into the area's commitment to education quality. Such trends could impact property values and market appeal for prospective buyers, and appraisers and insurance agents might consider this... Read more
Student-to-teacher ratio in Humphreys County, Tennessee over the last 10 years
The student-to-teacher ratio in Humphreys County, Tennessee has fluctuated over the past decade, peaking at 16 in 2020 and then declining to about 15. The most recent ratio in 2023 remains slightly above the national average of 14 students per teacher. This trend might suggest evolving educational policies or demographic shifts impacting classroom sizes. Investors, new residents, and real estate professionals could view these changing ratios as a sign of the area's commitment to education quality or shifts in school capacity, which could influence property values and marketability. For appraisers and insurance agents, understanding the investment in education could be a key factor in their assessments.
