Madison County Real Estate and Livability Trends
Madison County, Tennessee's real estate market reveals intriguing dynamics with median occupied housing values rising from $117,300 in 2015 to $170,700 in 2022, though still trailing behind the state average. This potentially positions the county as a more affordable option. Economic indicators, like the average taxable income per tax return climbing from $48,607.10 in 2013 to $68,499.16 in 2021,... Read more
Madison County Market Trends
Madison County, Tennessee's real estate market is showing interesting trends, with the median value of occupied housing units increasing from $117,300 in 2015 to $170,700 in 2022. Although notable, this growth lags behind the state average, which rose from $142,100 to $232,100, making Madison County potentially attractive to buyers seeking more affordable options. Residential energy tax credits... Read more
Median Value of Occupied Housing Units in Madison County, Tennessee Over the Last 8 Years
The median value of occupied housing units in Madison County, Tennessee has shown a consistent upward trend over the past eight years, rising from $117,300 in 2015 to $170,700 in 2022. While the increase is significant on its own, it's interesting to see that Madison County's growth has not paced with the state average, which saw a jump from $142,100 to $232,100 in the same period. Comparatively, the national median values in this timeframe evolved from $125,500 to $179,400. This suggests that Madison County could be an attractive option for those looking to invest in or move to Tennessee without facing the steeper price increases seen statewide. For residents, this trend reflects an appreciating local market, though still more affordable than broader state and national metrics.
Residential Energy Tax Credit Per Tax Return in Madison County, TN Over the Last 9 Years
Madison County, Tennessee has seen a notable increase in the average residential energy tax credit per tax return over the past nine years. Starting at around $397.30 in 2013, the credits saw a significant peak reaching up to $1,440.00 in 2018, with fluctuations along the way. By 2021, the credit per return settled at approximately $1,085.71. This trend could imply growing investments in energy-efficient home improvements, making it an enticing area for potential investors, homebuyers, appraisers, and those involved in the real estate market, hinting towards a community prioritizing sustainable living.
Average Real Estate Taxes Per Tax Return in Madison County, TN Over the Last 10 Years
Over the past decade, Madison County, Tennessee has seen a substantial increase in average real estate taxes per tax return. In 2012, the average was approximately $1,948.86, steadily escalating to about $3,573.65 by 2021. A noteworthy jump occurred between 2017 and 2018, when real estate taxes surged from nearly $2,381.42 to $3,298.00. This trend may indicate rising property values or increased tax rates, which could influence decisions for investors, new residents, and real estate professionals.
Percentage of Farm Returns in Madison County, TN Over the Last 10 Years
Over the last decade, the percentage of farm returns in Madison County, Tennessee has shown a subtle yet noticeable decline. Starting at approximately 1.49% in 2012, the figures gradually dropped to around 1.26% by 2021. These percentages hint at a gradual reduction in farm-related income filings, which could be relevant for potential investors and developers considering the agricultural viability of the region. Such trends may suggest shifts in land use or economic focus, impacting decisions related to property investment, rural development, or relocation to the area.
Number of Mortgages by Occupancy Type in Madison County, TN Over the Last 5 Years in Madison County
In Madison County, Tennessee, over the past five years, the number of principal residence mortgages has notably increased, peaking in 2021 with 5,479 loans. Investment property mortgages have seen a modest rise, whereas second residence mortgages have remained relatively stable. This trend suggests a growing demand for primary homes, potentially driven by population growth or economic factors favoring home ownership over renting. For investors, this might indicate burgeoning opportunities in rental markets or property flips. Appraisers and insurance agents may need to adjust their valuations and risk assessments accordingly, while builders and real estate agents could capitalize on the heightened demand for primary residences. A sustained interest in investment properties also points to a resilient rental and secondary market.
Economic Outlook
Madison County, Tennessee showcases a steady climb in average taxable income per tax return, rising from $48,607.10 in 2013 to $68,499.16 in 2021, hinting at economic growth which could appeal to real estate professionals eyeing affluent buyers and higher-end properties. State and local income taxes in the county have seen notable volatility over the decade, with figures peaking at $10,694.74 in 2019 and settling at $8,211.76 in 2021, key for investors and homeowners for financial planning. The... Read more
Average Taxable Income per Tax Return in Madison County, TN over the last 9 years
Madison County, Tennessee demonstrates a consistent upward trend in average taxable income per tax return over the last nine years, growing from $48,607.10 in 2013 to $68,499.16 in 2021. This increase could indicate a rising economic stature and may influence property appraisals, insurance rates, and investment prospects. Real estate agents and builders might find this trend appealing as it suggests a potentially wealthier clientele and growing demand for higher-end properties. For those considering relocation or investment, the county's financial growth might signify a robust, stable market.
Average State and Local Income Taxes Per Tax Return in Madison County, TN Over the Last 10 Years
Madison County, Tennessee has seen significant fluctuations in average state and local income taxes per tax return over the past decade. Starting from $5,883.33 in 2012, there was a noticeable peak in 2019 reaching $10,694.74, before slightly settling at $8,211.76 in 2021. This variability provides a crucial consideration for potential investors, homeowners, and insurance agents, as these figures can impact financial planning, property appraisals, and the overall economic landscape of the region.
Average Total Tax Liability Per Tax Return in Madison County, TN Over the Last 10 Years
Madison County, Tennessee has experienced a relatively steady increase in average total tax liability per tax return over the past decade, culminating in a noticeable rise from $8,933.77 in 2012 to $11,676.58 in 2021. This data could point towards increasing incomes or changes in tax policy affecting residents. For investors and real estate agents, this trend might indicate a potentially growing local economy. Meanwhile, appraisers and insurance agents might see this as a factor in rising property values and associated risks. For anyone considering moving to the area, understanding these fluctuations can be crucial when budgeting.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,307 | $1,456 | $1,904 | $1,152 | $863 |
| 1 adult 4 children | $1,307 | $1,189 | $1,456 | $1,152 | $949 |
| 2 adults 3 children | $1,307 | $1,189 | $1,652 | $1,152 | $687 |
| 1 adult 3 children | $1,307 | $971 | $1,204 | $1,152 | $713 |
| 2 adults 2 children | $965 | $974 | $1,400 | $1,059 | $590 |
| 1 adult 2 children | $965 | $727 | $952 | $1,059 | $530 |
| 2 adults 1 child | $965 | $769 | $1,148 | $757 | $621 |
| 1 adult 1 child | $965 | $497 | $700 | $757 | $519 |
| 2 adults | $734 | $618 | $897 | $0 | $500 |
| 1 adult | $646 | $337 | $448 | $0 | $424 |
Safety trends & Data
In Madison County, Tennessee, property crime rates have fluctuated over five years, with Larceny-Theft peaking at 821 incidents in 2019 and Motor Vehicle Theft spiking to 62 incidents in 2020. Vandalism incidents have remained fairly stable, though they dipped to 123 in 2022. While Burglary and Forgery-Counterfeiting rates show variability without a clear trend, Embezzlement and Fraud have notably declined, particularly in 2021. These trends suggest potential improvements in reducing... Read more
Property Crime Trends in Madison County, TN Over the Last 5 Years
Madison County, Tennessee has seen fluctuating property crime rates over the past five years. Notably, Larceny-Theft remains persistently high with a peak of 821 incidents in 2019, while Motor Vehicle Theft also saw an uptick in 2020 with 62 incidents. Vandalism incidents have consistently hovered around the 150-180 range, though they did dip to 123 in 2022. Burglary and Forgery-Counterfeiting rates have varied but didn't exhibit a clear up or downward trend. Interestingly, Embezzlement and Fraud have seen a noticeable decline, particularly sharp in 2021, suggesting potential positive strides towards reducing white-collar crimes in the area. Prospective investors and homeowners may want to keep these trends in mind while evaluating the safety and economic stability of the region.
Demographics
Madison County, Tennessee, has a balanced gender distribution with women slightly outnumbering men. Educational attainment seems to show a significant portion of the population holding at least a high school diploma, although advanced degrees are less common. The age demographic suggests a fairly even spread with a notable number of residents in the 25 to 34 age range, indicating a possibly vibrant working-age population. The racial composition highlights a predominantly White and Black or... Read more
Race Distribution in Madison County, Tennessee (2022)
Educational Attainment in Madison County, Tennessee (2022)
Age Distribution in Madison County, Tennessee
Citizen Population in Madison County, Tennessee (2022)
Political Trends & Data
In Madison County, Tennessee, real estate trends could be influenced by a predominantly Republican voter base, with an estimated 56% of the vote potentially leaning GOP and around 43% Democratic. The overall two-party preference and limited support for third-party candidates hint at a possibly stable political environment, which some buyers and investors might find... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Madison County, Tennessee, Republican candidates potentially hold a significant lead with an estimated 56% of the votes, while Democratic candidates seem to capture around 43%. The remaining votes are spread thinly across other parties, indicating a predominantly two-party preference. This suggests that third-party candidates may struggle to gain traction in this region.
55.75% of voters voted for the Republican party in the 2020 Presidential Election
42.82% of voters voted for the Democrat party in the 2020 Presidential Election
1.44% of voters voted for the Other party in the 2020 Presidential Election
School Data
Madison County, Tennessee has experienced fluctuations in its student-to-teacher ratio, generally near the national average of 14 students per teacher but dropping to 13 in 2020-2021 and then rising sharply to 16 in 2023. This shift could signal changes in enrollment or staffing, which might influence property investments, real estate appraisals, and insurance assessments in the area. Such trends are relevant for prospective residents and real estate agents as they can have an impact on... Read more
Student-to-teacher ratio in Madison County, Tennessee over the last 10 years
Madison County, Tennessee has seen fluctuations in its student-to-teacher ratio over the past decade, generally hovering around the national average of 14 students per teacher, but with a notable decline to 13 students per teacher in 2020 and 2021. However, 2023 marked a significant shift with the ratio rising to 16 students per teacher, suggesting potential changes in either student enrollment or staffing levels. This trend could indicate evolving educational demands and resources, impacting considerations for those investing in property, appraising real estate values, or evaluating insurance risk in the region. Prospective residents and real estate agents should monitor these changes as they might affect the local education quality and related community dynamics.
