Lawrence County Real Estate and Livability Trends
In Lawrence County, Tennessee, median home values have notably surged from $98,600 in 2015 to $156,500 in 2022, reflecting a nearly 60% increase and outpacing both state and national medians. Real estate taxes have also climbed from $1,303.08 in 2012 to $2,831.25 in 2021, pointing to rising property valuations and demand. Despite these positive indicators, the county's farming sector appears to... Read more
Lawrence County Market Trends
In Lawrence County, Tennessee, median home values have nearly jumped 60%, soaring to $156,500 in 2022 from $98,600 in 2015, markedly outpacing state and national medians. Energy tax credits have fluctuated, spiking notably in 2017 and 2021, potentially due to policy changes or incentives for energy-efficient upgrades. Real estate taxes have shown a steady climb, nearly doubling from $1,303.08 in... Read more
Median Value of Occupied Housing Units in Lawrence County, Tennessee Over the Last 8 Years
In the last eight years, median home values in Lawrence County, Tennessee experienced a steady climb, with a significant upswing starting in 2018. By 2022, the median value had hit $156,500, reflecting a nearly 60% increase from $98,600 in 2015. Compared to Tennessee as a whole and national figures, Lawrence County remains more affordable, with state medians reaching $232,100 and national medians peaking at $179,400 in the same period. This affordability, paired with consistent growth, might present an appealing opportunity for investors and prospective homeowners.
Residential Energy Tax Credit Per Tax Return in Lawrence County, TN Over the Last 8 Years
Lawrence County, Tennessee has seen fluctuating trends in residential energy tax credits per tax return over the last 8 years. The average credit amount ranged from a low of $305.26 in 2016 to a peak of $969.23 in 2021. Notably, there's a significant spike in 2017 and 2021, with average credits soaring to $766.67 and $969.23 respectively. This variability may reflect changing policies or incentives for energy-efficient home upgrades, which could be of interest to homeowners, real estate agents, and financial planners considering the area's evolving tax benefits and potential savings.
Average Real Estate Taxes Per Tax Return in Lawrence County, TN Over the Last 10 Years
Lawrence County, Tennessee has seen a notable upward trend in average real estate taxes per tax return over the past decade. From $1,303.08 in 2012 to $2,831.25 in 2021, the steady increase suggests a rising valuation of properties which is likely reflective of growing demand and economic development. This trend may be appealing for investors looking for appreciating markets and could also indicate a tighter real estate market, influencing property appraisals, insurance costs, and construction projects. Real estate agents and potential homebuyers should be mindful of these tax implications when considering transactions in the area.
Percentage of Farm Returns in Lawrence County, TN Over the Last 10 Years
In Lawrence County, Tennessee, the percentage of farm tax returns has shown a gradual decline over the past decade. Starting at approximately 8.12% in 2012, it dipped to around 6.48% by 2021. Farm tax returns are significant as they reflect agricultural activities and economic health in the county. For those considering investments, relocation, or property development, this data could suggest shifts in land use or economic challenges in the farming sector, impacting community resources and potential growth areas.
Number of Mortgages by Occupancy Type in Lawrence County, TN Over the Last 5 Years in Lawrence County
In Lawrence County, Tennessee, over the past five years, principal residence mortgages have shown a considerable rise, peaking in 2021 with over 2,000 counts. Investment property mortgages, although significantly fewer, have doubled from 2018 to 2022, suggesting growing investor interest. Changes in occupancy types matter because they can impact local market dynamics and lender risk assessments. For investors, this trend indicates a potential opportunity in rental property demand. Real estate agents and builders might capitalize on this shift to adjust their focus. For appraisers and insurance agents, understanding these trends could refine property valuation and risk assessment procedures.
Economic Outlook
Lawrence County, Tennessee has seen a notable rise in average taxable income per tax return from $39,906.77 in 2013 to $53,766.10 in 2021, suggesting a possibly strengthening local economy that could attract investors and new residents. State and local income taxes per tax return fluctuated significantly, with a peak at $9,071.43 in 2020, implying varying economic conditions and possibly policy shifts impacting real estate market dynamics. Average total tax liability per return also increased... Read more
Average Taxable Income per Tax Return in Lawrence County, TN over the last 9 years
Lawrence County, Tennessee has experienced a steady rise in average taxable income per tax return over the past nine years, increasing from approximately $39,906.77 in 2013 to about $53,766.10 in 2021. This upward trend suggests a potentially growing and strengthening local economy, which may be appealing to investors, new residents, and real estate professionals. However, such an income increase can also impact property values and insurance premiums, factors worth considering for those looking to build or appraise property in the area.
Average State and Local Income Taxes Per Tax Return in Lawrence County, TN Over the Last 10 Years
Over the past decade, Lawrence County, Tennessee has seen a fluctuating trend in state and local income taxes per tax return, with notable spikes around 2018 and a dramatic rise in 2020 reaching $9,071.43, before settling at $6,533.33 in 2021. These changes could indicate variable economic conditions, ranging from increased income levels to policy changes, which may affect prospective investors, new residents, and real estate market dynamics. Given the approximately 177% increase from 2012's $3,276.67 to 2021, this trend could suggest a shifting tax burden that merits attention.
Average Total Tax Liability Per Tax Return in Lawrence County, TN Over the Last 10 Years
Over the past decade, Lawrence County, Tennessee has seen its average total tax liability per return increase notably, from approximately $5,005.10 in 2012 to around $6,949.48 in 2021. A significant jump can be observed between 2019 and 2020, where the average liability surged from approximately $5,779.82 to $7,106.61. This trend may reflect broader economic changes or variations in income levels within the county. It's crucial for potential investors, homebuyers, and real estate agents to take this into account, as tax liability can be indicative of economic health and impact living costs.
Cost of Living in Lawrence County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $974 | $1,339 | $1,970 | $969 | $710 |
| 1 adult 4 children | $974 | $1,094 | $1,508 | $969 | $732 |
| 2 adults 3 children | $974 | $1,094 | $1,709 | $969 | $540 |
| 1 adult 3 children | $974 | $893 | $1,247 | $969 | $522 |
| 2 adults 2 children | $771 | $896 | $1,447 | $858 | $507 |
| 1 adult 2 children | $771 | $669 | $985 | $858 | $431 |
| 2 adults 1 child | $771 | $708 | $1,186 | $500 | $528 |
| 1 adult 1 child | $771 | $457 | $724 | $500 | $429 |
| 2 adults | $586 | $569 | $924 | $0 | $473 |
| 1 adult | $582 | $310 | $462 | $0 | $421 |
Safety trends & Data
Property crime trends in Lawrence County, Tennessee have shown considerable fluctuations over the past five years. Larceny-Theft peaked at 250 incidents in 2019 but dropped dramatically to 30 in 2022. Motor Vehicle Theft exhibited a general upward trend, rising from 7 cases in 2018 to 31 in 2020. Burglary incidents declined from 35 in 2018 to 10 in 2022. Embezzlement, Forgery, and Fraud had sporadic occurrences without clear patterns, while Vandalism cases stayed relatively constant. These... Read more
Property Crime Trends in Lawrence County, TN Over the Last 5 Years
Over the last five years, Lawrence County, Tennessee has seen fluctuating trends in property crime, with significant variation among different crime types. Larceny-Theft consistently had high numbers, peaking in 2019 with 250 incidents but notably decreasing to just 30 in 2022. Motor Vehicle Theft showed a general upward trend, rising from 7 cases in 2018 to 31 in 2020. Burglary cases generally declined over the period, from 35 in 2018 to 10 in 2022. Embezzlement, Forgery, and Fraud had sporadic occurrences but no clear trend, while Vandalism cases remained relatively constant. Attention to these trends is crucial for prospective investors, residents, and professionals, as they indicate evolving safety dynamics impacting local real estate values, insurance premiums, and community welfare.
Demographics
Lawrence County, Tennessee shows a fairly balanced gender distribution among adults, with just slightly more females than males. Educational attainment reveals a significant portion of the adult population has high school diplomas, but fewer people pursue higher education beyond that level. Age distribution indicates a higher concentration of individuals under 34 years and a noticeable presence of residents aged 55-64 years. The county's racial makeup is predominantly White, with other racial... Read more
Race Distribution in Lawrence County, Tennessee (2022)
Educational Attainment in Lawrence County, Tennessee (2022)
Age Distribution in Lawrence County, Tennessee
Citizen Population in Lawrence County, Tennessee (2022)
Political Trends & Data
In Lawrence County, Tennessee, the real estate market might be influenced by its political landscape, as evidenced by the 2020 U.S. Presidential Election results where Republicans secured around 82% of the vote. This strong Republican presence could impact community preferences and local policies, potentially swaying zoning laws, property taxes, and development incentives. Buyers and investors could find this political backdrop useful when evaluating long-term property appreciation and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lawrence County, Tennessee, the 2020 U.S. Presidential Election results leaned heavily Republican, with roughly 82% of the vote. Democrats garnered approximately 17%, while third parties and others made up just about 1%. These trends indicate a strong Republican presence, which could suggest a potentially challenging environment for Democratic campaigns or third-party candidates in future elections.
81.92% of voters voted for the Republican party in the 2020 Presidential Election
17.07% of voters voted for the Democrat party in the 2020 Presidential Election
1.01% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lawrence County, Tennessee's student-to-teacher ratio has been slightly above the national average, fluctuating between fifteen and sixteen over the past decade. This could hint at larger class sizes, which may impact student attention and educational quality. Potential buyers and investors might want to scrutinize school resources and teacher availability, as these factors can influence property values and community appeal. Real estate and insurance professionals might also consider how... Read more
Student-to-teacher ratio in Lawrence County, Tennessee over the last 10 years
Lawrence County, Tennessee has seen its student-to-teacher ratio hover between fifteen and sixteen over the past decade, slightly above the national average of fourteen students per teacher. This relatively higher ratio may be indicative of larger class sizes, potentially affecting individual student attention. For investors or those considering a move, this trend might suggest a closer look at school resources and teacher availability. Appraisors and real estate agents could find this data valuable when assessing property values or advising clients. Additionally, insurance agents might consider the implications of education quality on community well-being when evaluating risk.
