Lauderdale County Real Estate and Livability Trends
Lauderdale County, Tennessee has seen remarkable growth in average taxable income, soaring from $36,407.68 in 2013 to $51,453.19 in 2021, even as tax burdens varied year to year. Median home values jumped from $81,100 in 2015 to $110,800 by 2022, offering attractive prospects for growth-focused investors despite still lagging behind state and national figures. Notably, the student-to-teacher... Read more
Lauderdale County Market Trends
Lauderdale County, Tennessee has seen a notable rise in median home values over the past eight years, climbing from $81,100 in 2015 to $110,800 in 2022. Despite this, median values still lag behind both state and national figures, making it a potentially attractive market for growth-focused investors. The area has also experienced variability in residential energy tax credits, with notable peaks... Read more
Median Value of Occupied Housing Units in Lauderdale County, Tennessee Over the Last 8 Years
Lauderdale County, Tennessee has seen a substantial increase in median home values over the past 8 years, rising from $81,100 in 2015 to $110,800 in 2022. While this growth is significant, especially from 2020 onwards, it's worth noting that median values still trail behind both Tennessee's statewide values and the national figures. In comparison, Tennessee's median home values have climbed from $142,100 in 2015 to $232,100 in 2022, and nationwide values have surged from $125,500 to $179,400 in the same period. This upward trend in Lauderdale County could signal a burgeoning market for investors and prospective homeowners looking for growth potential within the state.
Residential Energy Tax Credit Per Tax Return in Lauderdale County, TN Over the Last 8 Years
Lauderdale County, Tennessee, has shown fluctuations in the average residential energy tax credit per tax return over the past eight years. Notable increases occurred in 2016, 2017, and 2021, reaching up to $658.33 in the latest year. These peaks could suggest increased homeowner investments in energy-efficient improvements during these periods. However, the drop to $225.00 in 2019 indicates variability, possibly due to economic factors or policy changes. This trend might interest potential investors and property developers looking at sustainability incentives, or insurance agents and appraisers considering the impact of energy efficiency on property values.
Average Real Estate Taxes Per Tax Return in Lauderdale County, TN Over the Last 10 Years
Lauderdale County, Tennessee has seen a notable rise in average real estate taxes per tax return over the past decade. Between 2012 and 2021, taxes increased from approximately $1,330.11 to around $2,064.29, with a significant jump observed around 2018 where the taxes rose to $2,050. This upward trend in real estate taxes could suggest rising property values or changing fiscal policies. These changes are critical for potential investors, property developers, and real estate agents to consider as they reflect the economic evolution and policy shifts of the area.
Percentage of Farm Returns in Lauderdale County, TN Over the Last 10 Years
Lauderdale County, Tennessee has seen some fluctuation in the percentage of farm tax returns over the last decade, ranging from around 3.04% in 2020 to a peak of about 3.93% in 2013. A general downward trend might be inferred, as recent years such as 2020 and 2021 appear slightly lower compared to earlier data points. For those looking to invest in, move to, build property in, or those generally interested in this location, understanding farm tax returns is crucial. These returns reflect the income and economic contribution from farming activities in the area, potentially influencing local property values, land use trends, and community investment opportunities. If you’re considering agricultural ventures or rural property investments, these percentages suggest that while farming remains significant, its relative economic footprint could be experiencing a subtle decline.
Number of Mortgages by Occupancy Type in Lauderdale County, TN Over the Last 5 Years in Lauderdale County
Lauderdale County, Tennessee has experienced notable shifts in mortgage activity over the past five years, particularly a rise in principal residence mortgages, peaking at 844 in 2021. Conversely, investment property mortgages have steadily declined, hitting a low of 28 in 2022. Trends in occupancy type can signal shifting residential patterns and housing demand, offering crucial insights for investors assessing market stability, insurance agents gauging risk, and developers targeting housing needs. Understanding these changes could influence property valuation, policy adjustments, and strategic planning for those involved in the local real estate market.
Economic Outlook
Over the past nine years, Lauderdale County, Tennessee has seen a notable increase in average taxable income per tax return, climbing from $36,407.68 in 2013 to $51,453.19 by 2021. Fluctuations in average state and local income taxes per tax return, peaking at $5,560.00 in 2014 and dipping to $3,680.00 in 2015, hint at possible economic shifts or policy impacts. Additionally, a significant uptick in average tax liabilities, reaching $8,015.26 in 2021, indicates potential changes in the economic... Read more
Average Taxable Income per Tax Return in Lauderdale County, TN over the last 9 years
Over the past nine years, Lauderdale County, Tennessee has seen a notable increase in the average taxable income per tax return. Starting from around $36,407.68 in 2013, the figures have steadily climbed, reaching approximately $51,453.19 by 2021. This upwards trajectory, peaking particularly from 2017 onwards, could signal a healthier local economy or shifts in the job market. It’s especially relevant for those considering investments or real estate opportunities, as rising incomes often correlate with stronger property values and a robust consumer base.
Average State and Local Income Taxes Per Tax Return in Lauderdale County, TN Over the Last 6 Years
Lauderdale County, Tennessee has witnessed notable fluctuations in average state and local income taxes per tax return over the last six years. The highest average observed was $5,560.00 in 2014, which might suggest a peak in earnings or tax changes. Interestingly, 2015 saw a significant drop to $3,680.00, indicating potential economic shifts or policy impacts. By 2017, the average had climbed back up to $4,720.00, suggesting a partial recovery. These trends could be critical for investors and real estate agents assessing economic stability and growth potential, as well as for those considering the tax implications of living or doing business in the area.
Average Total Tax Liability Per Tax Return in Lauderdale County, TN Over the Last 10 Years
Lauderdale County, Tennessee has experienced fluctuating average tax liabilities per tax return over the past decade. Growth isn't linear, but there's a notable uptick, especially significant in 2021 reaching $8015.26, indicating possible economic changes or policy shifts impacting taxpayers. This variability could signal to investors or new residents that financial planning needs a close review here. Real estate agents and appraisers might consider these trends when advising clients, particularly as fluctuating tax liabilities can affect housing market decisions and affordability ratings.
Cost of Living in Lauderdale County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $974 | $1,307 | $1,732 | $969 | $624 |
| 1 adult 4 children | $974 | $1,067 | $1,324 | $969 | $637 |
| 2 adults 3 children | $974 | $1,068 | $1,503 | $969 | $478 |
| 1 adult 3 children | $974 | $872 | $1,095 | $969 | $458 |
| 2 adults 2 children | $747 | $874 | $1,274 | $858 | $446 |
| 1 adult 2 children | $747 | $653 | $866 | $858 | $374 |
| 2 adults 1 child | $747 | $691 | $1,045 | $500 | $476 |
| 1 adult 1 child | $747 | $446 | $637 | $500 | $388 |
| 2 adults | $567 | $555 | $816 | $0 | $432 |
| 1 adult | $564 | $303 | $408 | $0 | $389 |
Safety trends & Data
Lauderdale County, Tennessee has seen varied property crime trends over the past five years. Larceny-theft is the most reported crime, suggesting areas with higher theft risks. Burglary rates are gradually declining, potentially reflecting better security measures or changing economic conditions. While motor vehicle theft and fraud are less frequent, they're still notable trends. This data could be valuable for real estate investors, insurance agents, and residents in assessing the area's... Read more
Property Crime Trends in Lauderdale County, TN Over the Last 5 Years
Lauderdale County, Tennessee has observed some fluctuations in property crime over the past five years. Larceny-theft consistently remains the most reported crime, indicating potential hotspots for theft. Burglary and vandalism follow, with burglary showing a gradual decline, which could suggest improved security measures or economic factors at play. Motor vehicle theft and fraud also present trends worth noting, although their numbers are relatively lower. These trends provide a comprehensive overview for real estate investors, insurance agents, and residents about the area's crime dynamics and potential risks or security needs.
Demographics
Lauderdale County, Tennessee shows a fairly balanced gender distribution but leans slightly male. Education-wise, the county appears to have a high proportion of individuals with a high school education but fewer residents attain higher education degrees. The age groups are relatively diverse, with significant populations in both younger and older brackets, potentially indicating a balanced blend of long-term residents and newer families. The racial composition is primarily White, but there is... Read more
Race Distribution in Lauderdale County, Tennessee (2022)
Educational Attainment in Lauderdale County, Tennessee (2022)
Age Distribution in Lauderdale County, Tennessee
Citizen Population in Lauderdale County, Tennessee (2022)
Political Trends & Data
In Lauderdale County, Tennessee, the 2020 U.S. Presidential Election revealed a strong conservative leaning, with Republican candidates capturing around 63% of the votes. Democratic candidates trailed at roughly 36%, while third-party candidates saw minimal support with less than 1%. This conservative dominance could influence local policy decisions and real estate trends as certain policies and regulations may be favored over... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lauderdale County, Tennessee, Republican candidates received roughly 63% of the votes in the 2020 U.S. Presidential Election, significantly overshadowing the Democratic candidates who garnered about 36%. Votes for third parties barely registered, with under 1% going to other alternatives. This trend may suggest the county leans heavily conservative, potentially impacting local and state policy directions.
63.29% of voters voted for the Republican party in the 2020 Presidential Election
35.62% 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
Lauderdale County, Tennessee has seen a generally downward trend in its student-to-teacher ratio over the last decade, moving from around 16 students per teacher in 2014 to below the national average of 14 students per teacher by 2023. This shift might suggest a focus on smaller class sizes, which could appeal to parents considering a move, attract investors interested in the educational environment, and become a selling point for real estate agents emphasizing school quality. Smaller ratios... Read more
Student-to-teacher ratio in Lauderdale County, Tennessee over the last 10 years
Over the last decade, the student-to-teacher ratio in Lauderdale County, Tennessee, has generally been on a downward trend, starting from around 16 students per teacher in 2014 and dipping below the national average of 14 students per teacher by 2023. This decrease might suggest a commitment to smaller class sizes, which can be appealing for parents looking to move to the area, investors considering the local educational environment, and real estate agents highlighting school quality in their pitches. Smaller student-to-teacher ratios could also potentially impact property values positively, making it a point of interest for appraisers and insurance agents.
