Maury County Real Estate and Livability Trends
Maury County, Tennessee has seen its average taxable income per tax return jump from around $48,004.97 in 2013 to about $71,167.85 in 2021, hinting at possible economic growth. Alongside, median home values climbed from $140,800 in 2015 to $273,400 in 2022, far exceeding state and national trends. Real estate taxes shot up between 2016 and 2018, reflecting a booming market, while fluctuating... Read more
Maury County Market Trends
Maury County, Tennessee has experienced a substantial rise in median home values from $140,800 in 2015 to $273,400 in 2022, outpacing both state and national trends. Residential energy tax credits per tax return have fluctuated significantly, with notable spikes suggesting increased investments in energy efficiency. Real estate taxes have steadily risen, with a sharp increase between 2016 and... Read more
Median Value of Occupied Housing Units in Maury County, Tennessee Over the Last 8 Years
Over the last eight years, Maury County, Tennessee has seen a substantial rise in median home values, escalating from $140,800 in 2015 to $273,400 in 2022. This increase has outpaced both the state average and national trends, making it a compelling area for investment. For reference, Tennessee's state median values grew from $142,100 to $232,100, while national figures climbed from $125,500 to $179,400. Residents and potential buyers in Maury County could be witnessing heightened demand and significant property appreciation, suggesting a robust real estate market.
Residential Energy Tax Credit Per Tax Return in Maury County, TN Over the Last 9 Years
Residential energy tax credits per tax return in Maury County, Tennessee, have shown significant fluctuations over the past nine years. Notably, in 2018, a remarkable spike occurred with the average reaching $1,900.00, which might indicate a surge in energy-efficient investments or changes in tax incentives for that year. While averages hovered between $300.00 and $600.00 for most years, 2021 saw another notable increase to $962.79. These variations could suggest shifting trends in household energy investments, possibly influenced by evolving energy policies or incentives aimed at promoting green energy solutions.
Average Real Estate Taxes Per Tax Return in Maury County, TN Over the Last 10 Years
Over the past decade, Maury County, Tennessee has seen a steady rise in average real estate taxes per tax return, jumping from approximately $1,784.97 in 2012 to around $3,574.00 in 2021. The period between 2016 and 2018 marked a particularly sharp increase, indicating a notable surge in property values. This trend could be an indicator of a growing real estate market, which might affect investment decisions, insurance rates, and property appraisals. Potential homebuyers and real estate agents may want to consider these rising taxes when evaluating the long-term costs associated with property ownership in the area.
Percentage of Farm Returns in Maury County, TN Over the Last 10 Years
The percentage of farm tax returns in Maury County, Tennessee, has seen a gradual decline from approximately 3.67% in 2012 to about 2.61% in 2021. Farm tax returns reflect the portion of tax filings that include income from agricultural activities, which can indicate the health and scale of the farming economy in a given area. This downward trend may suggest shifts in the local economy, possibly moving away from agriculture towards other industries, and could be a key consideration for those looking to invest in or move to the area.
Number of Mortgages by Occupancy Type in Maury County, TN Over the Last 5 Years in Maury County
Over the past five years in Maury County, Tennessee, mortgage counts for principal residences have seen notable fluctuations, peaking around 2020 before a decline in subsequent years. Investment properties exhibited a consistent yet moderate increase until 2021, with a slight decrease thereafter. Second residences consistently remained a minor segment in the market. Changes in occupancy type might indicate shifting market dynamics or consumer behavior, such as a surge in primary home ownership, which could affect property values. For investors and developers, increasing principal residence purchases could signal a stable community, while appraisers and insurance agents may find these trends highlighting evolving risk profiles. Real estate agents might see potential in marketing principal residences, whereas local residents and prospective movers could interpret these shifts as an indicator of how the local housing market aligns with broader economic conditions.
Economic Outlook
Maury County, Tennessee has experienced a significant rise in average taxable income per tax return, growing from roughly $48,004.97 in 2013 to about $71,167.85 in 2021, signifying potential economic growth. Additionally, average state and local income taxes per tax return surged from $4,532.79 in 2012 to $12,087.50 in 2021, reflecting possible income increases or tax rate changes. The total tax liability also notably increased from $8,528.70 in 2020 to $10,559.35 in 2021, suggesting rising... Read more
Average Taxable Income per Tax Return in Maury County, TN over the last 9 years
Over the past nine years, Maury County, Tennessee has seen a consistent rise in average taxable income per tax return, growing from roughly $48,004.97 in 2013 to approximately $71,167.85 in 2021. This upward trend suggests a positive economic growth, making the area seemingly attractive for investors, potential residents, and real estate agents. Such a steady increase could also indicate enhanced job opportunities and rising property values, reflecting an overall healthier economic environment. For appraisers and insurance agents, this trend might hint at a higher valuation of properties and potential shifts in policy pricing.
Average State and Local Income Taxes Per Tax Return in Maury County, TN Over the Last 10 Years
Maury County, Tennessee has experienced a marked increase in average state and local income taxes per tax return over the past decade. Starting from $4,532.79 in 2012, there was a notable jump to $12,087.50 by 2021. This trend suggests rising income levels or tax rate adjustments, which could impact decisions for investors, property developers, and new residents considering the area. For real estate agents and insurance agents, these figures hint at potential economic growth and changing fiscal policies that could influence client recommendations and risk assessments.
Average Total Tax Liability Per Tax Return in Maury County, TN Over the Last 10 Years
The average total tax liability per tax return in Maury County, Tennessee has shown a notable upward trend over the past decade, with a significant spike from $8,528.70 in 2020 to $10,559.35 in 2021. This increase in tax liability may suggest rising incomes or property values, possibly reflecting broader economic growth in the area. Potential investors, insurance agents, and real estate professionals might find this trend indicative of a burgeoning local economy and evolving financial landscape, while residents and those considering moving to the area might need to factor in these potential tax implications. This could also influence property appraisals and mortgage considerations as the county sees these financial shifts.
Cost of Living in Maury County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,469 | $1,524 | $2,007 | $1,152 | $1,000 |
| 1 adult 4 children | $1,469 | $1,245 | $1,536 | $1,152 | $1,112 |
| 2 adults 3 children | $1,469 | $1,245 | $1,741 | $1,152 | $810 |
| 1 adult 3 children | $1,469 | $1,017 | $1,270 | $1,152 | $887 |
| 2 adults 2 children | $1,102 | $1,019 | $1,475 | $1,059 | $687 |
| 1 adult 2 children | $1,102 | $761 | $1,004 | $1,059 | $630 |
| 2 adults 1 child | $1,102 | $806 | $1,209 | $757 | $697 |
| 1 adult 1 child | $1,102 | $520 | $738 | $757 | $588 |
| 2 adults | $837 | $647 | $944 | $0 | $560 |
| 1 adult | $832 | $353 | $472 | $0 | $496 |
Safety trends & Data
Maury County, Tennessee's property crime trends over the last five years reveal key insights for investors, appraisers, and real estate agents. Larceny-theft remains high, peaking at 501.00 cases in 2022, while burglary incidents saw a notable spike to 73.00 in 2020. Vandalism also rose significantly, hitting 79.00 cases in 2022. With motor vehicle thefts and fraud cases showing constant variability, these trends suggest potential areas of caution and opportunity, impacting property value and... Read more
Property Crime Trends in Maury County, TN Over the Last 5 Years
Over the last five years, Maury County, Tennessee has seen fluctuating trends in property crimes. Larceny-theft consistently remains high, peaking at 501.0 cases in 2022, while burglary numbers have been more variable, with a notable increase in 2020 to 73.0 incidents. Vandalism saw a significant rise in 2022, reaching 79.0 incidents. Motor vehicle thefts and fraud cases show variability but are generally high, reflecting ongoing challenges in these areas. For investors, appraisers, and real estate agents, these trends suggest areas of caution and opportunity when considering property value and desirability.
Demographics
In Maury County, Tennessee, the population dynamics reveal a slight female majority and a significant representation across diverse age groups. The county shows that while there is a strong foundation of high school graduates, the pursuit of higher education varies notably with fewer individuals securing graduate or professional degrees. Race demographics indicate an overwhelming majority of White residents with smaller percentages of Black or African American, Asian, and other racial groups,... Read more
Race Distribution in Maury County, Tennessee (2022)
Educational Attainment in Maury County, Tennessee (2022)
Age Distribution in Maury County, Tennessee
Citizen Population in Maury County, Tennessee (2022)
Political Trends & Data
Maury County, Tennessee, showed a strong conservative leaning in the 2020 U.S. Presidential Election, with Republicans possibly securing about 67.4% of the vote. Democrats appeared to have roughly 30.9%, while smaller parties like the Libertarians and Greens collectively garnered just over 1.6%. This conservative tilt could play a role in local policies and governance, shaping the socio-economic environment and possibly affecting everything from property taxes to development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election, Maury County, Tennessee, leaned heavily Republican, with the party potentially securing about 67.4% of the vote. Democrats seemed to have garnered roughly 30.9%, while other parties, including Libertarians and Greens, barely made a mark, collectively amassing scarcely over 1.6%. This pattern hints at a strong conservative presence in the county, which might influence local policies and governance.
67.44% of voters voted for the Republican party in the 2020 Presidential Election
30.90% of voters voted for the Democrat party in the 2020 Presidential Election
1.66% of voters voted for the Other party in the 2020 Presidential Election
School Data
Maury County, Tennessee has seen fluctuations in its student-to-teacher ratio, ranging from a low of around 14 in most years to 17 in 2020 and 2022. These spikes could suggest temporary resource strains or changes in enrollment. Understanding these dynamics might inform decisions about the local education system's resilience, potentially impacting property values and community... Read more
Student-to-teacher ratio in Maury County, Tennessee over the last 10 years
Maury County, Tennessee has seen fluctuations in its student-to-teacher ratio over the past decade with figures ranging from a low of around 14 in most years, up to a heightened 17 in 2020 and 2022. This trend indicates the variable capacity of the school system to maintain lower ratios comparable to or slightly above the national average, which is around 14 students per teacher. The spikes in 2020 and 2022 could suggest temporary resource strains or changes in enrollment. For prospective investors, real estate agents, or families considering relocation, understanding these dynamics might inform decisions regarding the local education system's resilience and capacity to offer individualized attention, which can have long-term impacts on property values and community desirability.
