Marshall County Real Estate and Livability Trends
Marshall County, Tennessee has seen its average taxable income per tax return rise from $41,518.20 in 2013 to $64,528.55 in 2021, hinting at a maturing economic base that could influence property values. Median home values surged from $112,300 in 2015 to $218,500 in 2022, surpassing national trends and mirroring statewide figures. Increased real estate taxes per return, reaching $3,430.77 in... Read more
Marshall County Market Trends
Median home values in Marshall County, Tennessee have seen a significant boost, climbing from $112,300 in 2015 to $218,500 in 2022, outpacing national trends and closely trailing statewide figures. Residential energy tax credits have also jumped dramatically, suggesting homeowners are increasingly investing in energy-efficient upgrades. Real estate taxes per tax return nearly doubled over the... Read more
Median Value of Occupied Housing Units in Marshall County, Tennessee Over the Last 8 Years
Median home values in Marshall County, Tennessee have seen a significant rise over the last eight years, increasing from $112,300 in 2015 to $218,500 in 2022. Compared to the state of Tennessee, where the median value went from $142,100 to $232,100 in the same period, Marshall County's growth is impressive, although it remains slightly below the state average. Nationally, the median value increased from $125,500 to $179,400, meaning Marshall County has not only kept pace but has seen a sharper percentage increase. This upward trend could indicate a strong investment opportunity in Marshall County, reflecting a robust local market that is experiencing growth faster than the national average while staying competitive within Tennessee.
Residential Energy Tax Credit Per Tax Return in Marshall County, TN Over the Last 8 Years
Over the past eight years, residential energy tax credits per tax return in Marshall County, Tennessee have shown a noticeable increase, climbing from $250.00 in 2013 to $925.00 in 2021. The most significant jumps occurred from 2019 onward, peaking in 2020 at $810.00 and rising further in 2021. This upward trend could be indicative of more homeowners investing in energy-efficient upgrades or possibly taking advantage of enhanced incentive programs. For those looking to invest in or move to Marshall County, this trend suggests a growing emphasis on energy efficiency and sustainability which might signal future savings on energy costs and potential increases in property values.
Average Real Estate Taxes Per Tax Return in Marshall County, TN Over the Last 10 Years
Over the last decade, Marshall County, Tennessee, has experienced a notable rise in real estate taxes per tax return, jumping from approximately $1,760.36 in 2012 to about $3,430.77 by 2021. This upward trend might suggest increasing property values or tax rates, which could be significant for investors and potential homeowners considering the region. The sharp uptick between 2017 and 2018, and a continued rise thereafter, may indicate a growing demand for real estate or improvements in local infrastructure and services. Understanding these changes could be crucial for financial planning, especially for appraisers, real estate agents, and insurance agents operating in the area.
Percentage of Farm Returns in Marshall County, TN Over the Last 10 Years
Marshall County, Tennessee has seen a slight but notable decline in the percentage of farm tax returns over the past decade, dropping from 6.79% in 2012 to 5.38% in 2021. Farm tax returns provide a snapshot of the financial health and activity of the agricultural sector, revealing trends that could affect land value and local investment opportunities. A decreasing share might suggest either a transition towards other forms of land use or economic challenges within the farming community. This trend may influence decisions for potential investors, developers, or residents looking to understand the evolving economic landscape of Marshall County.
Number of Mortgages by Occupancy Type in Marshall County, TN Over the Last 5 Years in Marshall County
Over the past five years in Marshall County, Tennessee, the number of mortgages for principal residences has seen fluctuations, peaking in 2021 with significant drops in 2018 and slight decreases in 2022. Investment property mortgages have gradually increased, showing a peak in 2022 and suggesting growing interest in real estate investments. Second residence mortgages remain minimal, indicating stable, low demand. These changes in occupancy type can guide investors and builders in deciding which properties to focus on. Real estate agents might target principal residences aggressively, while appraisers and insurance agents should consider the heightened interest in investments when evaluating properties. The shifts also inform residents and potential movers about the evolving property dynamics in the area.
Economic Outlook
Marshall County, Tennessee has witnessed a significant rise in average taxable income per tax return, climbing from $41,518.20 in 2013 to $64,528.55 in 2021. Coupled with a jump in average state and local income taxes per return—from $3,945.45 in 2012 to $12,085.71 in 2021—this hints at a maturing economic base and potential shifts in tax policy that could affect property values. This trend is further underscored by the increase in average total tax liability per return, going from... Read more
Average Taxable Income per Tax Return in Marshall County, TN over the last 9 years
Marshall County, Tennessee has seen a notable upward trend in average taxable income per tax return over the past nine years, with the most recent data in 2021 showing an average of $64,528.55. This increase from $41,518.20 in 2013 suggests a growing economy and improving financial health of residents, which is likely to attract investors, real estate agents, and potential homeowners interested in capitalizing on the area's economic trajectory. Such income growth may also influence higher property valuations and, subsequently, insurance and appraisal rates.
Average State and Local Income Taxes Per Tax Return in Marshall County, TN Over the Last 10 Years
Marshall County, Tennessee has experienced a notable increase in average state and local income taxes per tax return over the past decade, jumping from approximately $3,945.45 in 2012 to $12,085.71 in 2021. This trend could catch the eye of potential investors, appraisers, insurance agents, and real estate professionals, as it might indicate a growing economic base or shifts in tax policies that could impact property values and the overall financial landscape. Individuals considering a move or investment in this area might find these tax changes significant when evaluating long-term financial implications.
Average Total Tax Liability Per Tax Return in Marshall County, TN Over the Last 10 Years
Marshall County, Tennessee has seen a notable increase in average total tax liability per tax return over the past decade, rising from around $5,532.04 in 2012 to approximately $9,223.26 in 2021. This upward trend, peaking in recent years, could suggest a growing economy or increased property values, making it potentially attractive for investors and real estate agents. However, the rising tax liabilities might warrant a closer look by appraisers and insurance agents who could factor this into property evaluations and coverage plans.
Cost of Living in Marshall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,132 | $1,331 | $1,970 | $969 | $764 |
| 1 adult 4 children | $1,132 | $1,087 | $1,508 | $969 | $827 |
| 2 adults 3 children | $1,132 | $1,087 | $1,709 | $969 | $599 |
| 1 adult 3 children | $1,132 | $888 | $1,247 | $969 | $593 |
| 2 adults 2 children | $872 | $890 | $1,447 | $858 | $536 |
| 1 adult 2 children | $872 | $665 | $985 | $858 | $466 |
| 2 adults 1 child | $872 | $704 | $1,186 | $500 | $557 |
| 1 adult 1 child | $872 | $454 | $724 | $500 | $458 |
| 2 adults | $662 | $565 | $924 | $0 | $494 |
| 1 adult | $658 | $308 | $462 | $0 | $441 |
Safety trends & Data
Marshall County, Tennessee has experienced various shifts in property crimes over the past five years. Burglary cases noticeably dropped from 21 in 2018 to 8 in 2022, hinting at potential advancements in home security or police efforts. Despite this, larceny-theft incidents surged, peaking at 69 in 2022, posing an ongoing challenge for protecting retail and personal property. Motor vehicle thefts also saw a slight uptick, reaching 18 incidents in 2022. On the brighter side, fraud cases... Read more
Property Crime Trends in Marshall County, TN Over the Last 5 Years
Marshall County, Tennessee has seen varied trends in property crimes over the last five years. Burglary cases decreased from 21 in 2018 to 8 in 2022, suggesting a potential improvement in home security or policing. Larceny-theft remained consistently high, peaking at 69 incidents in 2022, indicating a continued concern for retail or personal property security. Motor vehicle thefts showed a slightly increasing trend, reaching 18 incidents in 2022. Fraud saw a significant decline from 22 cases in 2018 to just 2 in 2022, potentially reflecting better detection and prevention measures. Meanwhile, vandalism incidents peaked at 21 in 2021 but decreased to 18 by 2022. Overall, while some categories show improvement, high rates of larceny-theft and fluctuating trends in other areas warrant continued vigilance for property owners and investors.
Demographics
In Marshall County, Tennessee, the adult population skews slightly towards females over males. Educational attainment reveals that a significant portion of residents have at least a high school diploma, though advanced degrees are less common. Age distribution is balanced, with notable proportions in both younger and older age brackets. Racially, the county is predominantly White, with smaller fractions of African American, Asian, and other races... Read more
Race Distribution in Marshall County, Tennessee (2022)
Educational Attainment in Marshall County, Tennessee (2022)
Age Distribution in Marshall County, Tennessee
Citizen Population in Marshall County, Tennessee (2022)
Political Trends & Data
Marshall County, Tennessee's real estate market may be influenced by its significant conservative leaning, as seen in the 2020 U.S. Presidential Election where over 74% of the vote went to Republican candidates. This political preference might impact local regulations, development policies, and community services, potentially making the area attractive for buyers who share similar... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Marshall County, Tennessee saw a significant preference for Republican candidates in the 2020 U.S. Presidential Election, with just over 74% of the vote. Democrats garnered about 24%, while third-party and other candidates barely made a dent, collectively receiving around 1.5%. This could hint at a strong conservative leaning in the county's electorate.
74.22% of voters voted for the Republican party in the 2020 Presidential Election
24.23% of voters voted for the Democrat party in the 2020 Presidential Election
1.55% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marshall County, Tennessee has seen its student-to-teacher ratio consistently above the national average of 14 students per teacher, peaking at 17.58 in 2019. Over the past decade, this ratio has generally been in the high 16s and low 17s, with a noticeable dip to 15.97 in 2022. For investors and real estate agents, this trend could indicate a need for more educational infrastructure or reflect population growth, offering insights valuable for property development and market planning. Insurance... Read more
Student-to-teacher ratio in Marshall County, Tennessee over the last 10 years
Marshall County, Tennessee has had a student-to-teacher ratio consistently hovering above the national average of 14 students per teacher, peaking at 17.58 in 2019. Over the past decade, the ratio has generally remained in the high 16s and low 17s, with a notable dip to 15.97 in 2022. This shift in student-to-teacher ratios could be crucial for those interested in the local education system, as a higher ratio might suggest larger class sizes that could impact the quality of education. For investors and real estate agents, this might indicate the need for more educational infrastructure or could reflect population growth trends which are valuable for property development and market planning. Meanwhile, insurance agents and appraisers might find these trends useful for evaluating community resources and risks.
