Loudon County Real Estate and Livability Trends
In Loudon County, Tennessee, the average taxable income per tax return climbed from around $58,664 in 2013 to nearly $97,747 in 2021, pointing to economic growth, which can attract investors and new residents. Median home values shot up from $178,000 in 2015 to $263,800 in 2022, surpassing both state and national averages. Notably, real estate taxes per return doubled over the past decade to... Read more
Loudon County Market Trends
In Loudon County, Tennessee, the median home values have increased significantly from $178,000 in 2015 to $263,800 in 2022, outstripping state and national growth rates. Notably, a spike in residential energy tax credits in 2018 to $2,200.00 hints at a surge in energy-efficient home improvements that year. Meanwhile, average real estate taxes per tax return more than doubled over the past decade,... Read more
Median Value of Occupied Housing Units in Loudon County, Tennessee Over the Last 8 Years
Over the past eight years, the median home values in Loudon County, Tennessee have risen sharply from $178,000 in 2015 to $263,800 in 2022. This local growth outpaces both the state, where values increased from $142,100 to $232,100, and the national median, which went from $125,500 to $179,400 in the same period. Loudon County's escalating housing market may indicate strong investment potential, attractive living conditions, or developing infrastructure compared to statewide and national trends.
Residential Energy Tax Credit Per Tax Return in Loudon County, TN Over the Last 9 Years
In Loudon County, Tennessee, there's been a noticeable fluctuation in average residential energy tax credits per tax return over the last nine years. Noteworthy is 2018, which spiked dramatically to $2,200.00, suggesting a potentially significant investment in energy-efficient home improvements during that year. Other years show more moderate values, ranging from approximately $501.72 in 2013 to $980.95 in 2019. This data could imply varying levels of homeowner interest or incentives in energy-efficient upgrades, making it an important consideration for real estate agents, appraisers, and potential investors evaluating property values and market interest in sustainable living.
Average Real Estate Taxes Per Tax Return in Loudon County, TN Over the Last 10 Years
Over the last decade, Loudon County, Tennessee has seen a marked increase in average real estate taxes per tax return, rising from around $2,263.13 in 2012 to approximately $4,207.64 in 2021. This consistent climb in property taxes may indicate broader economic changes like higher property valuations or increased municipal needs. For potential investors, homebuyers, and real estate professionals, the rising taxes might suggest shifting dynamics in the local real estate market, potentially impacting property affordability and long-term value. Appraisers and insurance agents could see this as a sign of the county’s growing appeal, possibly necessitating adjusted rates and valuation methods.
Percentage of Farm Returns in Loudon County, TN Over the Last 10 Years
The percentage of farm tax returns in Loudon County, Tennessee, has seen a gradual decline over the last decade, falling from about 2.69% in 2012 to approximately 1.91% by 2021. Farm tax returns are filings made by those earning income from farming; they indicate the economic contribution of agriculture relative to other sectors. This decreasing trend could suggest a shift away from agriculture towards other industries, potentially impacting land use and property development opportunities. For investors or potential residents, this may signal a need to consider alternative sectors for growth, aligning development plans with these economic shifts.
Number of Mortgages by Occupancy Type in Loudon County, TN Over the Last 5 Years in Loudon County
In Loudon County, Tennessee, the last five years show considerable variability in mortgage counts across different occupancy types. Principal residences consistently dominate, but fluctuations in the market for investment properties and second homes could indicate shifting economic conditions or investor sentiment. These changes hold significance for potential investors, insurance agents, and real estate agents as they suggest evolving demand patterns and risk profiles. Builders and developers might also use this data to gauge the best types of properties to focus on, leveraging the insights for strategic planning and development.
Economic Outlook
In Loudon County, Tennessee, the average taxable income per tax return has surged from approximately $58,664 in 2013 to nearly $97,747 in 2021, suggesting economic growth and potential appeal for investors and new residents. State and local income taxes per return have also seen significant changes, with recent spikes indicating potential economic or policy shifts affecting residents. The average total tax liability per return has increased notably, peaking at $17,034.37 in 2021, which might... Read more
Average Taxable Income per Tax Return in Loudon County, TN over the last 9 years
Loudon County, Tennessee has seen a notable increase in average taxable income per tax return over the past nine years, jumping from around $58,664 in 2013 to nearly $97,747 in 2021. This upward trend could hint at potential economic growth and attractiveness for investors and new residents. The fluctuations, like a slight dip in 2020, likely reflect broader economic conditions impacting the area, yet the overall rise might make it appealing for real estate agents, appraisers, and insurance professionals to explore opportunities here.
Average State and Local Income Taxes Per Tax Return in Loudon County, TN Over the Last 10 Years
Over the last decade, Loudon County, Tennessee has seen fluctuating state and local income taxes per tax return, with significant spikes in recent years. Noteworthy is the jump from $9,005.56 in 2014 to $13,468.42 in 2019, reaching a high of $14,891.43 in 2021. This trend could hint at economic factors or policy changes impacting residents' tax burdens, potentially affecting decisions for investors, homebuyers, and real estate professionals.
Average Total Tax Liability Per Tax Return in Loudon County, TN Over the Last 10 Years
Over the last decade, Loudon County, Tennessee has seen considerable fluctuations in the average total tax liability per tax return. While there was a notable dip in 2013, the overall trend has been a steady increase, peaking significantly at $17,034.37 in 2021. This increase may suggest a growing economic base and rising property values, which could interest investors, new residents, or those involved in real estate and insurance. The substantial jump in more recent years could be a predictor of continued financial growth, making it a potentially lucrative area for investment and development.
Cost of Living in Loudon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,420 | $1,472 | $1,767 | $1,152 | $924 |
| 1 adult 4 children | $1,420 | $1,202 | $1,350 | $1,152 | $1,038 |
| 2 adults 3 children | $1,420 | $1,202 | $1,534 | $1,152 | $746 |
| 1 adult 3 children | $1,420 | $982 | $1,117 | $1,152 | $822 |
| 2 adults 2 children | $1,090 | $984 | $1,301 | $1,059 | $654 |
| 1 adult 2 children | $1,090 | $735 | $884 | $1,059 | $616 |
| 2 adults 1 child | $1,090 | $778 | $1,067 | $757 | $681 |
| 1 adult 1 child | $1,090 | $502 | $650 | $757 | $566 |
| 2 adults | $897 | $625 | $834 | $0 | $553 |
| 1 adult | $836 | $341 | $417 | $0 | $475 |
Safety trends & Data
Property crime trends in Loudon County, Tennessee have fluctuated over the past five years, with larceny-theft peaking at 182 incidents in 2022. Burglary incidents have generally increased, spiking to 30 in 2021, while vandalism and motor vehicle theft have remained relatively stable. Although crimes like embezzlement and arson are less frequent, they have shown steady low occurrences. Fraud cases experienced highs in 2018 and 2021, with 44 and 39 incidents respectively. This data could prove... Read more
Property Crime Trends in Loudon County, TN Over the Last 5 Years
Over the last five years, property crimes in Loudon County, Tennessee have shown varying trends. Larceny-Theft consistently held the highest rates, with a peak at 182 incidents in 2022. Burglary numbers also revealed some fluctuation but generally increased, with a notable jump to 30 incidents in 2021. Vandalism and Motor Vehicle Theft remained relatively steady, while less frequent crimes like Embezzlement and Arson exhibited low but stable occurrences. Fraud cases were high in 2018 and 2021 with 44 and 39 incidents respectively but dipped in other years. Such data could be crucial for real estate agents assessing neighborhood safety, insurance agents determining risk factors, and potential investors evaluating property values.
Demographics
Loudon County, Tennessee shows a fairly balanced gender split amongst its adult population. Educational attainment leans heavily towards high school graduates and those with some college but no degree. The age distribution suggests a sizable older population, particularly those aged 65 to 74, which could impact healthcare and senior services in the region. The racial makeup is predominantly White, with very small percentages of other races, reflecting the county’s relatively low racial... Read more
Race Distribution in Loudon County, Tennessee (2022)
Educational Attainment in Loudon County, Tennessee (2022)
Age Distribution in Loudon County, Tennessee
Citizen Population in Loudon County, Tennessee (2022)
Political Trends & Data
In Loudon County, Tennessee, the Republican party seemed to dominate the 2020 U.S. Presidential Election with approximately 74% of the vote. This notable conservative lean could influence local real estate trends, potentially affecting everything from development choices to neighborhood preferences, given the area's political temperament. It’s indicative of wider political sentiments in the South, possibly swaying buyer priorities towards community features relevant to similarly-minded... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Loudon County, Tennessee, the Republican party likely dominated the 2020 U.S. Presidential Election, capturing roughly 74% of the vote. The Democratic party garnered close to 24%, while votes for other parties were minimal, suggesting a strong conservative leaning in this area. This significant disparity may reflect broader regional political trends within the South.
73.99% of voters voted for the Republican party in the 2020 Presidential Election
23.68% of voters voted for the Democrat party in the 2020 Presidential Election
2.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
Loudon County, Tennessee’s student-to-teacher ratio has seen notable fluctuations, peaking at 16 in 2020 before dropping to about 14 by 2023. These shifts could influence perceptions of educational quality, which is crucial for families considering relocation. Loudon County often exceeds the national average, possibly indicating larger class sizes that may impact student attention and educational outcomes. This data could be significant for appraisers and real estate agents, as quality of... Read more
Student-to-teacher ratio in Loudon County, Tennessee over the last 10 years
Loudon County, Tennessee’s student-to-teacher ratio has shown notable fluctuations over the past decade, peaking at 16 students per teacher in 2020, then dropping to a low of about 14 by 2023. For those considering relocation or investment, these numbers offer insight into classroom sizes, potentially influencing perceptions of educational quality. Compared to the national average of 14 students per teacher, Loudon County has often exceeded this figure, possibly indicating larger class sizes that could impact individual student attention and educational outcomes. Appraisers and real estate agents might find this data pertinent, as quality of education is a key factor for many families when choosing homes, potentially affecting property values.
