Jefferson County Real Estate and Livability Trends
In Jefferson County, Tennessee, a substantial rise in taxable income and property values over the past decade hints at improving economic opportunities and a possibly higher standard of living. The median home value climbed from $128,800 in 2015 to $183,800 in 2022, while real estate taxes saw significant increases, particularly between 2017 and 2020. Energy tax credits surged to $1,250.00 in... Read more
Jefferson County Market Trends
Jefferson County, Tennessee, has witnessed a steady rise in median home values, ascending from $128,800 in 2015 to $183,800 in 2022, a pace more moderate than the state’s and nation’s upticks. Remarkably, the average residential energy tax credit per tax return saw spikes, notably jumping to $1,250.00 in 2018 from $324.14 in 2015, hinting at increased investments in energy-efficient homes.... Read more
Median Value of Occupied Housing Units in Jefferson County, Tennessee Over the Last 8 Years
Jefferson County, Tennessee’s median home values have shown a steady increase over the past eight years, climbing from $128,800 in 2015 to $183,800 in 2022. This trajectory is somewhat less steep compared to Tennessee as a whole, where values surged from $142,100 to $232,100 over the same period. Even when compared to national trends, Jefferson County’s growth, though significant, remains modest against the backdrop of increasing nationwide values from $125,500 to $179,400. For investors, builders, and potential movers, this slower yet consistent growth in Jefferson County might represent a balanced opportunity with less volatility compared to broader state trends.
Residential Energy Tax Credit Per Tax Return in Jefferson County, TN Over the Last 9 Years
Jefferson County, Tennessee has seen substantial fluctuations in the average residential energy tax credit per tax return over the past nine years, with a notable spike from $324.14 in 2015 to as high as $1,250.00 in 2018. This could suggest increased investments in energy-efficient home improvements or shifts in available incentives that were particularly advantageous in certain years. For investors and real estate agents, this trend may signify a growing market for energy-efficient properties. Appraisers and insurance agents might also recognize the correlation between energy credits and possibly higher property values or lower insurance premiums due to improved home infrastructure.
Average Real Estate Taxes Per Tax Return in Jefferson County, TN Over the Last 10 Years
Over the last decade, Jefferson County, Tennessee has seen a notable increase in average real estate taxes per tax return, climbing from approximately $1,763.44 in 2012 to around $3,494.03 in 2021. The sharpest increases occurred between 2017 and 2020, signaling potential changes in property values or tax policies. This trend suggests that prospective investors and residents should be aware of escalating costs, which could impact overall affordability and return on investment. Real estate professionals and appraisers might find this crucial when evaluating property valuations and potential future trends.
Percentage of Farm Returns in Jefferson County, TN Over the Last 10 Years
Farm tax returns in Jefferson County, Tennessee have shown a steady decline over the last decade, starting at around 3.87% in 2012 and decreasing to approximately 2.79% by 2021. This trend might suggest shifting economic focus or structural changes in the agricultural sector of the county. For those considering investment, development, or relocation, understanding these changes is crucial as they could indicate evolving opportunities or shifts in land use and economic priorities within the region.
Number of Mortgages by Occupancy Type in Jefferson County, TN Over the Last 5 Years in Jefferson County
Jefferson County, Tennessee has seen varying trends in mortgage counts across different occupancy types over the last five years. Principal residences dominate the market, showing a notable increase from 2,448 in 2018 to 3,097 in 2022. Investment properties and second residences have much lower and relatively stable figures, but the slight uptick in investment property mortgages from 80 in 2018 to 167 in 2022 could indicate growing investor interest in the area. Changes in occupancy types can influence property valuations, shift market demand, and affect insurance costs, crucial factors for investors, real estate agents, and those looking to relocate or build in Jefferson County.
Economic Outlook
In Jefferson County, Tennessee, the average taxable income per tax return has jumped from $42,139.74 in 2013 to $67,639.93 by 2021. This rise points to growing economic opportunities and potentially a higher standard of living. Meanwhile, state and local income taxes have more than doubled in the same period, indicating possible shifts in tax policies or economic conditions. Additionally, the average total tax liability per tax return has climbed from $5,841.36 to $10,644.46 over the past... Read more
Average Taxable Income per Tax Return in Jefferson County, TN over the last 9 years
Average taxable income per tax return in Jefferson County, Tennessee has seen a noticeable uptick over the past nine years. Starting from $42,139.74 in 2013, it has steadily climbed to $67,639.93 by 2021. This trend suggests that residents are experiencing higher earnings and might reflect growing economic opportunities in the region. This gradual increase is significant for potential investors, real estate agents, and those considering moving to the area, as it could indicate a robust local economy and a potentially higher standard of living.
Average State and Local Income Taxes Per Tax Return in Jefferson County, TN Over the Last 10 Years
Over the past decade, Jefferson County, Tennessee has experienced a significant upward trend in average state and local income taxes per tax return. Starting at $6,395.45 in 2012, the figure saw a mostly steady rise, reaching $13,080.00 by 2021. Notably, there was a sharp jump between 2017 and 2018, suggesting possible changes in tax policies or economic conditions. This trend could impact everything from real estate decisions to investment opportunities, offering insights for potential investors, property developers, and local residents.
Average Total Tax Liability Per Tax Return in Jefferson County, TN Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Jefferson County, Tennessee has shown a general upward trend, with notable spikes. Starting at approximately $5,841.36 in 2012, it increased steadily to $10,644.46 by 2021. Significant growth periods, particularly from 2016 to 2017 and from 2019 to 2021, could suggest increasing property values or changes in local economic conditions. This trajectory may be of interest to potential investors, builders, and real estate agents evaluating market dynamics in the county.
Cost of Living in Jefferson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,124 | $1,484 | $1,767 | $899 | $742 |
| 1 adult 4 children | $1,124 | $1,212 | $1,350 | $899 | $801 |
| 2 adults 3 children | $1,124 | $1,212 | $1,534 | $899 | $580 |
| 1 adult 3 children | $1,124 | $990 | $1,117 | $899 | $565 |
| 2 adults 2 children | $822 | $992 | $1,301 | $820 | $510 |
| 2 adults 1 child | $822 | $784 | $1,067 | $564 | $553 |
| 1 adult 2 children | $822 | $741 | $884 | $820 | $437 |
| 1 adult 1 child | $822 | $507 | $650 | $564 | $454 |
| 2 adults | $631 | $630 | $834 | $0 | $484 |
| 1 adult | $627 | $344 | $417 | $0 | $430 |
Safety trends & Data
In Jefferson County, Tennessee, property crimes like burglary and larceny-theft have shown a declining trend over the past five years. Larceny-theft incidents dropped from 206 in 2018 to 110 in 2022, while burglary cases fell from 56 to 36 during the same period. Interestingly, fraud cases experienced a spike in 2019 with 90 incidents but then sharply decreased to just 12 by 2022. These crime trends could be key for investors, real estate agents, and insurance agents assessing risk and market... Read more
Property Crime Trends in Jefferson County, TN Over the Last 5 Years
In Jefferson County, Tennessee, property crime trends over the past five years reveal notable variances, particularly in categories like burglary and larceny-theft. From 2018 to 2022, larceny-theft saw a fluctuating decline, dropping from 206 to 110 reported incidents. Burglary also followed a downward trend, decreasing from 56 cases in 2018 to 36 in 2022. Meanwhile, fraud cases spiked in 2019 to 90 incidents but significantly subsided to just 12 by 2022. Understanding these trends can be crucial for investors, real estate agents, and insurance agents evaluating the risk and attractiveness of the area for business and residential opportunities.
Demographics
Jefferson County, Tennessee, shows a fairly balanced gender distribution among adults, and its population skews towards older age brackets, with a significant proportion of residents over 55. Educational attainment is mixed, with a substantial number of high school graduates, but relatively fewer individuals holding bachelor’s or advanced degrees. The racial composition is predominantly White, with small representation from other races. These trends may influence local workforce... Read more
Race Distribution in Jefferson County, Tennessee (2022)
Educational Attainment in Jefferson County, Tennessee (2022)
Age Distribution in Jefferson County, Tennessee
Citizen Population in Jefferson County, Tennessee (2022)
Political Trends & Data
The 2020 U.S. Presidential Election data for Jefferson County, Tennessee, indicates a strong conservative presence, with a significant majority favoring the Republican candidate. The Democratic candidate's lower share might suggest difficulties in garnering support in the area. The minimal votes for Libertarian and Green parties and a small "Other" category could imply limited influence from third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Jefferson County, Tennessee, the 2020 U.S. Presidential Election data suggests a significant lean towards the Republican candidate, potentially indicating a strong conservative base. The Democratic candidate's share appears notably lower, which might reflect challenges for Democrats in gaining traction in this region. The absence of votes for Libertarian and Green parties, combined with a small percentage for "Other," may hint at limited third-party influence or voter preference for mainstream party candidates.
78.98% of voters voted for the Republican party in the 2020 Presidential Election
19.71% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Jefferson County, Tennessee, student-to-teacher ratios have seen significant shifts over the past decade, impacting educational quality and potentially real estate desirability. After hovering around mid-15 from 2014 to 2018 and dropping to the national average of 14 students per teacher in 2019 and 2020, the ratio spiked dramatically to 19 in 2022. It has since improved slightly to 17 in 2023. These fluctuations might concern families and investors focused on smaller class sizes and better... Read more
Student-to-teacher ratio in Jefferson County, Tennessee over the last 10 years
Jefferson County, Tennessee has seen fluctuating student-to-teacher ratios over the past decade. The numbers generally hovered around the mid-15 range from 2014 to 2018 before dropping to align closer with the national average of 14 students per teacher in 2019 and 2020. Notably, there was a dramatic increase to 19 students per teacher in 2022, which could be concerning for those prioritizing smaller class sizes. By 2023, the ratio improved slightly to 17. Prospective investors, families, and educational planners should be mindful of these variations, as they can influence educational quality, real estate desirability, and local school funding.
