Lincoln County Real Estate and Livability Trends
Lincoln County, Tennessee, has seen a remarkable increase in its average taxable income per tax return, jumping from $44,394.25 in 2013 to $62,512.99 in 2021, suggesting a more robust economic climate that may attract new residents and investors. Median home values have risen from $109,100 in 2015 to $186,300 in 2022, potentially making the area appealing for real estate investments. Residential... Read more
Lincoln County Market Trends
Lincoln County, Tennessee's median home values have risen from $109,100 in 2015 to $186,300 in 2022, outpacing the national median growth and hinting at promising investment potential. Residential energy tax credits surged to $800.00 per tax return in 2021, suggesting increased adoption of energy-efficient measures. Average real estate taxes have also jumped from $1,214.83 in 2012 to $2,697.37 by... Read more
Median Value of Occupied Housing Units in Lincoln County, Tennessee Over the Last 8 Years
Lincoln County, Tennessee's median home values have seen a significant rise from $109,100 in 2015 to $186,300 in 2022, reflecting strong local appreciation. Although still generally lower than the Tennessee state average, which soared from $142,100 to $232,100 in the same timeframe, Lincoln County's growth has outpaced the national median, which increased from $125,500 to $179,400. These trends suggest potential for value gain for those investing, moving, or building in Lincoln County, particularly when considering the region's housing market is climbing more robustly compared to the national rate.
Residential Energy Tax Credit Per Tax Return in Lincoln County, TN Over the Last 8 Years
Lincoln County, Tennessee has experienced fluctuating average residential energy tax credits over the past eight years. Notably, there was a significant increase to $800.00 per tax return in 2021, up from lower averages in previous years, such as $300.00 in 2017. This upward trend could indicate a growing awareness or utilization of energy-saving measures among residents. Such data might be particularly interesting for investors, real estate agents, and homeowners considering property improvements, as well as appraisers and insurance agents looking at the long-term benefits of energy-efficient homes.
Average Real Estate Taxes Per Tax Return in Lincoln County, TN Over the Last 10 Years
Lincoln County, Tennessee has seen a notable increase in average real estate taxes per tax return over the last decade. Starting from $1,214.83 in 2012 and escalating to $2,697.37 by 2021, this upward trend underscores rising property values and potentially escalating local government revenue needs. For potential investors, developers, and current residents, understanding these tax dynamics can be crucial for financial planning and long-term investment strategies in this region. Real estate professionals and insurers might find these figures particularly useful in assessing market conditions and determining property-related costs.
Percentage of Farm Returns in Lincoln County, TN Over the Last 10 Years
Over the past decade, Lincoln County, Tennessee has seen a gradual decline in the percentage of farm tax returns, dropping from roughly 10.90% in 2012 to around 8.81% in 2021. Farm tax returns indicate the prevalence and economic importance of farming in the county, reflecting the number of farms reporting income to the IRS. This trend might suggest a shift away from traditional agriculture, possibly opening opportunities for diversification or investment in alternative sectors. For anyone considering moving to or investing in Lincoln County, understanding these changes can offer valuable insights into the evolving local economy and land use dynamics.
Number of Mortgages by Occupancy Type in Lincoln County, TN Over the Last 5 Years in Lincoln County
Over the past five years, Lincoln County, Tennessee has seen varying trends in mortgage activity across different occupancy types. Principal residences consistently dominate the market, with a notable spike in 2021, showing 2,217 mortgages. Investment properties and second residences maintain significantly lower yet steady figures. These changes in occupancy type are crucial for potential investors assessing market stability and for real estate agents tailoring their strategies. For appraisers and insurance agents, understanding such dynamics helps in accurate property valuation and risk assessment. Those thinking of moving to or building in the county can gauge demand and plan accordingly.
Economic Outlook
Lincoln County, Tennessee, has shown a steady climb in average taxable income per tax return, jumping from $44,394.25 in 2013 to $62,512.99 in 2021. This boost suggests a healthier economic climate, likely attracting new residents and investors, and possibly driving up property values. The ups and downs in average state and local income taxes, particularly the spike to $10,316.67 in 2020, hint at shifts in economic conditions and tax policies. With average total tax liability going from... Read more
Average Taxable Income per Tax Return in Lincoln County, TN over the last 9 years
Lincoln County, Tennessee has experienced a steady increase in average taxable income per tax return over the past nine years, rising from $44,394.25 in 2013 to $62,512.99 in 2021. This upward trend suggests a robust economic environment, potentially making the area attractive for investors, new residents, and real estate professionals. The significant growth in taxable income can imply a corresponding increase in property values and living standards, factors especially relevant for appraisers and insurance agents working in the region.
Average State and Local Income Taxes Per Tax Return in Lincoln County, TN Over the Last 10 Years
Lincoln County, Tennessee has seen a general upward trend in average state and local income taxes per tax return over the last decade, with a significant spike from $5,552.17 in 2018 to $10,316.67 in 2020 before dropping back to $7,720.00 in 2021. This variability might be indicative of economic shifts and changes in local tax policies, making it a key consideration for investors, real estate agents, and potential residents assessing financial commitments.
Average Total Tax Liability Per Tax Return in Lincoln County, TN Over the Last 10 Years
Lincoln County, Tennessee has experienced a notable increase in average total tax liability per tax return over the past decade. Starting at around $6,315.90 in 2012, the liability saw a steady rise, reaching approximately $9,282.07 by 2021. This trend may imply a growing economic base or increased earnings among residents, potentially attracting real estate agents, investors, and those seeking property appraisal or insurance opportunities. The spike in 2020 and 2021 could be indicative of broader national economic shifts or local factors influencing taxpayer earnings and liabilities.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,062 | $1,351 | $1,970 | $969 | $749 |
| 1 adult 4 children | $1,062 | $1,103 | $1,508 | $969 | $782 |
| 2 adults 3 children | $1,062 | $1,104 | $1,709 | $969 | $571 |
| 1 adult 3 children | $1,062 | $901 | $1,247 | $969 | $569 |
| 2 adults 2 children | $747 | $904 | $1,447 | $858 | $505 |
| 1 adult 2 children | $747 | $675 | $985 | $858 | $428 |
| 2 adults 1 child | $747 | $714 | $1,186 | $500 | $526 |
| 1 adult 1 child | $747 | $461 | $724 | $500 | $426 |
| 2 adults | $661 | $574 | $924 | $0 | $497 |
| 1 adult | $609 | $313 | $462 | $0 | $432 |
Safety trends & Data
Lincoln County, Tennessee has shown fluctuations in property crime over the last five years with larceny-theft peaking at 80.0 incidents in 2019 before a gradual decline. Burglary incidents have fluctuated but generally stayed under 22.0 occurrences per year. While fraud and vandalism numbers have mostly decreased since 2019, embezzlement and motor vehicle theft rates have remained low but stable. These insights could guide property developers, real estate agents, and investors in focusing on... Read more
Property Crime Trends in Lincoln County, TN Over the Last 5 Years
Lincoln County, Tennessee has seen fluctuations in property crimes over the last five years. Consistent with broader trends, larceny-theft remains the most frequently reported crime, peaking at 80.0 incidents in 2019 before experiencing a gradual decline. Burglary incidents have shown some variability but generally stayed under 22.0 occurrences per year. Fraud and vandalism also appear significant, though their numbers have largely decreased since a high in 2019. Conversely, embezzlement and motor vehicle theft rates have been quite low but steady, indicating relative stability in those offenses. These trends hold valuable insights for potential investors, property developers, and real estate agents, suggesting areas of focus for security enhancements and risk evaluations.
Demographics
Lincoln County, Tennessee has a relatively balanced gender distribution, with slight female predominance. Educational attainment is diverse, though a considerable portion of the adult population only holds a high school diploma or some college experience without a degree. Age-wise, the county has a significant elderly population, with those aged 55 and over forming a noticeable segment. Racially, the county is predominantly White, with Black or African American residents being the largest... Read more
Race Distribution in Lincoln County, Tennessee (2022)
Educational Attainment in Lincoln County, Tennessee (2022)
Age Distribution in Lincoln County, Tennessee
Citizen Population in Lincoln County, Tennessee (2022)
Political Trends & Data
Lincoln County, Tennessee, displayed a significant Republican leaning in the 2020 U.S. Presidential Election, with close to 79% of the votes cast for the GOP. The Democratic party accounted for about 19% of the votes, suggesting a smaller but notable base of support. This strong GOP presence highlights a politically conservative environment, though the minority Democratic votes indicate some level of political diversity within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lincoln County, Tennessee, leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 79% of votes going to the GOP. The Democratic party garnered around 19%, indicating a significant but smaller portion of the electorate. Votes for other parties were almost negligible, collectively just topping 2%. This points to a strong Republican presence in the area, though the Democratic support shows there is still some political diversity.
78.68% of voters voted for the Republican party in the 2020 Presidential Election
18.70% of voters voted for the Democrat party in the 2020 Presidential Election
2.61% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lincoln County, Tennessee has seen variations in its student-to-teacher ratio over the past decade, notably peaking at sixteen students per teacher in 2020 before improving to around fourteen in 2022. This trend suggests shifting educational conditions and priorities, potentially influencing resource allocation and classroom management. For potential residents or investors, these changes could indicate evolving educational quality, making Lincoln County an area worth watching for future... Read more
Student-to-teacher ratio in Lincoln County, Tennessee over the last 10 years
Lincoln County, Tennessee has experienced fluctuations in its student-to-teacher ratio over the last decade. Between 2014 and 2019, ratios consistently exceeded the national average of fourteen students per teacher, peaking at sixteen in 2020. However, the ratio witnessed improvement in 2021, aligning closer to the national average and further decreasing to around fourteen in 2022. By 2023, it slightly increased again to approximately fifteen. These shifts can impact resource allocation, classroom management, and overall educational quality. For potential residents or investors, this trend might suggest evolving educational conditions and priorities within Lincoln County, offering intriguing prospects and considerations for future planning.
