Marion County Real Estate and Livability Trends
Marion County, Tennessee, has seen interesting growth in its real estate market, with median home values increasing from $119,100 in 2015 to $153,000 in 2022, reflecting steady growth. The significant rise in residential energy tax credits, which peaked at $1,414.29 in 2019, suggests heightened investments in energy-efficient home improvements. Property taxes more than doubled in the past decade,... Read more
Marion County Market Trends
Marion County, Tennessee's real estate market has seen a steady increase in median home values, climbing from $119,100 in 2015 to $153,000 in 2022. This is more gradual compared to Tennessee’s broader trends but still indicative of steady growth. Interestingly, the county has also experienced a significant rise in residential energy tax credits, peaking at $1,414.29 in 2019, suggesting... Read more
Median Value of Occupied Housing Units in Marion County, Tennessee Over the Last 8 Years
Over the last eight years, median home values in Marion County, Tennessee have seen a jump from $119,100 in 2015 to $153,000 in 2022. When compared to the state of Tennessee, where median values surged from $142,100 in 2015 to $232,100 in 2022, Marion County's growth appears more gradual but still steady. Nationally, home values increased from $125,500 in 2015 to $179,400 in 2022. Marion County's housing market offers relatively affordable options with a less aggressive appreciation rate, making it an intriguing option for potential investors or homebuyers seeking value in a less overheated market compared to the broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Marion County, TN Over the Last 8 Years
Marion County, Tennessee has seen fluctuating but generally increasing trends in residential energy tax credits per tax return over the past eight years. Notably, the average credit jumped from $278.26 in 2013 to a high of $1,414.29 in 2019, reflecting growing investments in energy-efficient home improvements. This trend suggests residents are increasingly capitalizing on available incentives, which could indicate a greater emphasis on sustainable living and potential savings on future energy costs. This uptick could be crucial for real estate agents, investors, and homeowners considering property values, energy efficiency upgrades, and potential tax benefits.
Average Real Estate Taxes Per Tax Return in Marion County, TN Over the Last 10 Years
Over the past decade, Marion County, Tennessee has seen a notable increase in average real estate taxes per tax return, climbing from approximately $1,660.92 in 2012 to about $3,620.59 in 2021. This trend indicates rising property values and possibly changes in tax rates or assessments, which potential investors, property developers, and real estate agents might find significant. The steady increase, particularly the sharp jumps around 2017 and 2018, may reflect economic growth or increased demand for properties in the area, making it an interesting spot for further real estate investment and market analysis.
Percentage of Farm Returns in Marion County, TN Over the Last 10 Years
In Marion County, Tennessee, the percentage of farm tax returns has generally fluctuated between 2.10% and 2.56% over the past decade, showing a slight downward trend recently. Farm tax returns represent the tax filings from farming activities, providing an insight into the agricultural sector's economic contributions. This information is crucial for investors and potential property developers as it reflects the stability and potential growth areas within the agriculture industry in this county.
Number of Mortgages by Occupancy Type in Marion County, TN Over the Last 5 Years in Marion County
Mortgages categorized by occupancy type in Marion County, Tennessee have exhibited notable trends over the past five years. Principal residences consistently show the highest mortgage counts, which might indicate a strong demand for permanent housing. Investment properties and second residences, while significantly lower in numbers, offer interesting insights into smaller but relevant market segments. Changes in these categories can provide indicators of local economic health, investment opportunities, or shifts in demographic preferences, all of which are vital for investors, policymakers, and real estate professionals. Understanding these dynamics could inform better decision-making for appraisals, insurance underwriting, and residential development planning.
Economic Outlook
In Marion County, Tennessee, the average taxable income per tax return has risen significantly from around $43,669.47 in 2013 to approximately $65,743.56 by 2021, suggesting an improving local economy. The corresponding increase in average state and local income taxes, from just under $4,500.00 in 2012 to nearly $9,860.00 in 2021, further hints at an evolving financial landscape. Additionally, the notable rise in average total tax liability per tax return, especially the spike to $9,839.38 in... Read more
Average Taxable Income per Tax Return in Marion County, TN over the last 9 years
In Marion County, Tennessee, the average taxable income per tax return has shown a notable upward trend over the past nine years. Starting at approximately $43,669.47 in 2013, incomes have generally risen each year, reaching around $65,743.56 by 2021. This steady increase, particularly the jump from $52,937.49 in 2019 to $61,415.40 in 2020, indicates a potentially growing local economy, which might attract investors, property builders, and real estate professionals. For appraisers and insurance agents, the rising incomes could hint at an increase in property values and insurance needs.
Average State and Local Income Taxes Per Tax Return in Marion County, TN Over the Last 10 Years
Marion County, Tennessee has experienced a noticeable increase in average state and local income taxes per tax return over the past decade, with figures rising from under $4,500.00 in 2012 to almost $9,860.00 by 2021. The most significant jumps appear between 2018 and 2021, indicating potential economic growth or shifts in tax policy. For potential investors, real estate developers, and insurance agents, these trends might suggest an evolving financial landscape and changing community wealth. Real estate agents and those looking to move to the area might consider these figures as part of the broader cost-of-living analysis.
Average Total Tax Liability Per Tax Return in Marion County, TN Over the Last 10 Years
Over the past decade in Marion County, Tennessee, average total tax liability per tax return exhibited a general upward trend, especially notable from 2016 onwards. There was a significant spike in 2020, with an average tax liability reaching $9,839.38, before slightly decreasing in 2021 to $9,738.79. This uptrend, with some volatility, might hint at various factors affecting residents' income and tax landscape, making it relevant for potential investors or buyers looking to gauge economic health and living costs in the area.
Cost of Living in Marion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,145 | $1,399 | $1,852 | $899 | $761 |
| 1 adult 4 children | $1,145 | $1,143 | $1,416 | $899 | $827 |
| 2 adults 3 children | $1,145 | $1,143 | $1,608 | $899 | $596 |
| 1 adult 3 children | $1,145 | $933 | $1,171 | $899 | $616 |
| 2 adults 2 children | $891 | $936 | $1,363 | $820 | $555 |
| 2 adults 1 child | $891 | $740 | $1,118 | $564 | $595 |
| 1 adult 2 children | $891 | $699 | $926 | $820 | $490 |
| 1 adult 1 child | $891 | $478 | $681 | $564 | $481 |
| 2 adults | $767 | $594 | $873 | $0 | $526 |
| 1 adult | $760 | $324 | $437 | $0 | $465 |
Safety trends & Data
Marion County, Tennessee exhibits diverse property crime trends over the past five years, especially in burglary, motor vehicle theft, and fraud. Notably, larceny-theft remains the most prevalent, even with a general decrease since 2018. The spike in motor vehicle theft in 2022 might suggest changing security dynamics. Although arson and embezzlement are rarer, the uptick in fraud and vehicle theft could influence property investment decisions, insurance policy adjustments, and law enforcement... Read more
Property Crime Trends in Marion County, TN Over the Last 5 Years
Property crime in Marion County, Tennessee has shown fluctuating trends over the past five years, with significant variance in categories such as burglary, motor vehicle theft, and fraud. Larceny-theft consistently remains the most common type of property crime, despite a general decline since 2018. Motor vehicle theft saw a notable increase, particularly in 2022, which could signal changing security dynamics. While certain crimes like arson and embezzlement have relatively low occurrences, the rise in incidents related to fraud and motor vehicle theft are important considerations for potential investors, residents, and local businesses. This nuanced crime data can impact decisions related to property investment, insurance policies, and local law enforcement strategies in the county.
Demographics
Marion County, Tennessee's adult population skews almost evenly between males and females, hinting at a balanced gender distribution. Educational attainment shows a clear majority with high school diplomas, but an intriguing number of residents pursue further education. The age distribution is diverse with significant portions in both the younger and older age brackets, indicating varied community needs. Racial demographics are predominantly White, with small percentages of other racial groups,... Read more
Race Distribution in Marion County, Tennessee (2022)
Educational Attainment in Marion County, Tennessee (2022)
Age Distribution in Marion County, Tennessee
Citizen Population in Marion County, Tennessee (2022)
Political Trends & Data
Marion County, located in Tennessee, showed a strong Republican preference in the 2020 U.S. Presidential Election, with nearly 75% of the vote potentially backing the GOP. Around 24% of the votes seemed to support the Democratic side, indicating a smaller yet notable opposition. Voters in this county exhibited a clear inclination towards the two major parties, with negligible support for other... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marion County in Tennessee leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 75% of votes potentially supporting the GOP. Democratic votes made up almost 24%, indicating a considerable yet smaller opposition. Minimal votes went to other parties, showing a clear preference for the two major parties in this region.
74.77% of voters voted for the Republican party in the 2020 Presidential Election
23.97% of voters voted for the Democrat party in the 2020 Presidential Election
1.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marion County, Tennessee, has seen its student-to-teacher ratio drop from 16 in 2014 to around 13 in 2023. This improvement could signal better educational resources and more personalized attention for students, potentially enhancing the county's appeal to families and prospective residents. With a ratio lower than the national average of 14, these trends might be a significant factor for those looking to invest in property or work in education. Real estate agents could leverage these... Read more
Student-to-teacher ratio in Marion County, Tennessee over the last 10 years
Marion County, Tennessee, has seen notable changes in its student-to-teacher ratio over the past decade, decreasing from 16 in 2014 to almost 13 in 2023. This shift might hint at improvements in educational resources and more personalized attention for students, enhancing the appeal of the county for families and potential residents. Compared to the national average of 14, Marion County's current ratio seems particularly favorable. These trends could be a significant consideration for those looking to invest in property, build homes, or work in education within the area. Real estate agents might find these figures useful when discussing the benefits of local schools with prospective buyers.
