Lewis County Real Estate and Livability Trends
Lewis County, Tennessee’s real estate market has shown notable growth, with median home values jumping from $89,600 in 2015 to $139,100 in 2022. This rise, especially the leap from $114,000 in 2021 to $139,100 in 2022, signals an emerging market with potential for further appreciation. Accompanying this, real estate taxes per tax return nearly tripled from $1,208.70 in 2012 to $3,311.11 in... Read more
Lewis County Market Trends
Lewis County, Tennessee has experienced a significant upward trend in median home values, increasing from $89,600 in 2015 to $139,100 in 2022, despite still being below the state and national medians. The notable rise, particularly from $114,000 in 2021 to $139,100 in 2022, hints at an emerging market with potential for growth. Residents are also investing more in energy-efficient upgrades,... Read more
Median Value of Occupied Housing Units in Lewis County, Tennessee Over the Last 8 Years
Over the past 8 years, Lewis County, Tennessee saw a significant increase in median home values, up from $89,600 in 2015 to $139,100 in 2022. Though still below Tennessee’s median of $232,100 and the national median of $179,400 for 2022, the sharp rise represents continued growth potential, particularly noting the jump from $114,000 in 2021 to $139,100 in 2022. This trend indicates an emerging market which could attract investors and new residents seeking more affordable properties compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in Lewis County, TN Over the Last 7 Years
Lewis County, Tennessee has seen a significant fluctuation in residential energy tax credits per tax return over the past seven years, with a notable spike in recent years. Between 2013 and 2016, figures oscillated between approximately $266.67 and $357.14. However, beginning in 2019 there was a discernible upward trend, culminating in a remarkable increase to $1,900.00 in 2021. This may indicate growing investments in energy-efficient upgrades among homeowners, potentially making the area more attractive for environmentally-conscious investors and buyers. Real estate agents might want to highlight this trend, while insurance agents and appraisers could view it as an indicator of broader adoption of energy-saving measures in residences.
Average Real Estate Taxes Per Tax Return in Lewis County, TN Over the Last 10 Years
Over the past decade in Lewis County, Tennessee, average real estate taxes per tax return have shown a notable upward trend. Starting from $1,208.70 in 2012, taxes peaked remarkably at $3,311.11 by 2021. This steady increase could be indicative of rising property values or possibly changes in local tax policies. For investors, property developers, real estate agents, and insurers, understanding these shifts can be essential for making informed decisions in the local real estate market.
Percentage of Farm Returns in Lewis County, TN Over the Last 10 Years
Farm tax returns in Lewis County, Tennessee over the last decade have shown a slight but noticeable fluctuation. Starting at 4.77% in 2012, the rate peaked in 2015 at around 5.12%, suggesting a short period of agricultural growth. However, subsequent years saw a decline, with 2020 marking a low at approximately 4.20%. Understanding these shifts aids investors and residents in assessing the stability and growth potential of local agriculture, crucial for those considering farming ventures or investments in land-dependent projects.
Number of Mortgages by Occupancy Type in Lewis County, TN Over the Last 5 Years in Lewis County
In Lewis County, Tennessee, the number of mortgages for principal residences has shown a significant upward trend over the past five years, peaking in 2021. Meanwhile, investment property and second residence mortgage counts have remained relatively low and stable. Changes in occupancy types can signal shifts in market demand, potentially impacting property values, rental market dynamics, and even local economic development. For investors and builders, an increase in principal residence mortgages might highlight growing community stability, whereas real estate agents and appraisers might find that such trends can influence pricing strategies and property appraisals. Insurance agents might also see these changes as indicators of risk profiles shifting in the area.
Economic Outlook
Lewis County, Tennessee has experienced a significant increase in average taxable income per tax return, climbing from $37,150.85 in 2013 to $58,185.98 in 2021, suggesting a potentially growing economy and higher earning residents. The marked decline in average state and local income taxes per tax return, dropping from $5,683.33 in 2012 to around $4,100.00 in 2017, might indicate changes in economic conditions or tax policies. Concurrently, the average total tax liability per tax return surged... Read more
Average Taxable Income per Tax Return in Lewis County, TN over the last 9 years
Over the past nine years, Lewis County, Tennessee has seen a consistent increase in the average taxable income per tax return, rising from $37,150.85 in 2013 to $58,185.98 in 2021. This upward trajectory could indicate a growing economy and potentially higher earning residents, which might be appealing to investors and real estate agents. Appraisers and insurance agents may also find this data relevant as it suggests an increase in the financial capability of the populace, potentially impacting the housing market and insurance premiums in the region. Those considering moving to or already living in Lewis County might view this trend as indicative of improving economic conditions.
Average State and Local Income Taxes Per Tax Return in Lewis County, TN Over the Last 6 Years
Lewis County, Tennessee has seen a general decline in average state and local income taxes per tax return over the past six years, dipping from $5,683.33 in 2012 to a possible low of around $4,100.00 in 2017. This could potentially signal a shift in economic conditions or tax policies, making it a consideration for those interested in investing, moving, or working in the area. Real estate agents and appraisers might find these trends relevant when assessing property values and market conditions, while prospective residents may view this as a decrease in tax burden.
Average Total Tax Liability Per Tax Return in Lewis County, TN Over the Last 10 Years
Over the past decade, Lewis County, Tennessee has seen a notable rise in average total tax liability per tax return, jumping from around $4,816 in 2012 to nearly $8,990 in 2021. This steady increase, particularly the sharp spike between 2020 and 2021, could be of interest to potential investors and real estate agents, indicating growing economic activity or increased property values in the region. Appraisers and insurance agents might want to consider these trends when evaluating new policies or properties.
Cost of Living in Lewis County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $909 | $1,424 | $1,970 | $969 | $721 |
| 1 adult 4 children | $909 | $1,163 | $1,508 | $969 | $739 |
| 2 adults 3 children | $909 | $1,163 | $1,709 | $969 | $544 |
| 1 adult 3 children | $909 | $949 | $1,247 | $969 | $523 |
| 2 adults 2 children | $747 | $952 | $1,447 | $858 | $519 |
| 1 adult 2 children | $747 | $711 | $985 | $858 | $440 |
| 2 adults 1 child | $747 | $752 | $1,186 | $500 | $536 |
| 1 adult 1 child | $747 | $486 | $724 | $500 | $432 |
| 2 adults | $567 | $604 | $924 | $0 | $479 |
| 1 adult | $564 | $330 | $462 | $0 | $422 |
Safety trends & Data
In Lewis County, Tennessee, property crime trends over the past five years offer interesting insights for real estate and insurance professionals. Larceny-theft incidents have shown wide fluctuations, peaking at 86 in 2020 before dropping to 18 in 2021. Burglary experienced a spike in 2020 with 8 incidents, while motor vehicle thefts remained relatively low, varying between 3 and 14 cases annually. Notably, fraud cases surged in 2020 to 50 incidents but have since stabilized around 17 to 18 per... Read more
Property Crime Trends in Lewis County, TN Over the Last 5 Years
Property crime trends in Lewis County, Tennessee, reveal notable fluctuations over the past five years. Larceny-theft incidents have seen considerable variation, peaking at 86 in 2020 and dipping to 18 in 2021. Burglary rates also oscillated with a significant spike in 2020 at 8 incidents. Motor vehicle thefts mostly remained low but stable, oscillating between 3 and 14 cases annually. Conversely, fraud cases surged in 2020, hitting 50 before stabilizing around 17 to 18 per year subsequently. For real estate agents, insurance agents, and investors, these trends imply that while there can be periods of increased criminal activity, recent years suggest a decline in the more severe forms of property crime, potentially impacting insurance premiums and property valuations.
Demographics
Lewis County, Tennessee, shows a relatively balanced gender split with males and females almost equal in number. The educational attainment reveals a heavy concentration of high school graduates, with a substantial drop-off in higher education degrees. Age distribution leans towards older demographics, particularly in the 55 to 64-year range. The racial composition is predominantly White, with very small representations of other racial... Read more
Race Distribution in Lewis County, Tennessee (2022)
Educational Attainment in Lewis County, Tennessee (2022)
Age Distribution in Lewis County, Tennessee
Citizen Population in Lewis County, Tennessee (2022)
Political Trends & Data
Lewis County, Tennessee, saw approximately 80% of the vote going to Republican candidates in the 2020 Presidential Election, with Democrats capturing just about 19%. This strong Republican preference suggests a significant lean towards conservative politics, potentially influencing not only future electoral strategies but also local policies and real estate market trends. Buyers and investors might find this political climate reflects on property values and community development initiatives,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lewis County, Tennessee, the 2020 U.S. Presidential Election showed a marked preference for Republican candidates with nearly 80% of the vote share, while Democrats garnered just about 19%. Other parties, including Libertarians and Greens, barely made a dent, implying a strong Republican stronghold. This voting pattern might hint at the county's broader political leanings and could impact future electoral strategies for both major and minor parties.
79.76% of voters voted for the Republican party in the 2020 Presidential Election
19.11% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lewis County, Tennessee has seen its student-to-teacher ratio peak at 15 in 2016 and trend downward since then, hitting a low of 14 recently. For families, potential investors, and real estate professionals, this gradual improvement in individual student attention may suggest better educational outcomes, tempting education-focused buyers. Improved school metrics can often enhance property desirability, possibly indicating rising property values, a factor worth noting for appraisers and... Read more
Student-to-teacher ratio in Lewis County, Tennessee over the last 10 years
Lewis County, Tennessee has seen varying student-to-teacher ratios over the past decade, with a peak in 2016 at 15 students per teacher, slightly above the current national average of 14. The ratio has generally trended downwards since then, hitting a low of 14 in recent years. For potential investors, families considering relocation, and real estate professionals, these figures suggest a gradual improvement in individual student attention. A lower student-to-teacher ratio can often indicate better educational outcomes and might be viewed positively by parents and education-focused homebuyers. Appraisers and insurance agents might also find this trend indicative of rising property values, as improved school metrics can enhance the overall desirability of the area.
