McMinn County Real Estate and Livability Trends
McMinn County, Tennessee, has seen significant economic growth, with average taxable income per tax return climbing from around $42,399.68 in 2013 to roughly $57,896.44 in 2021. Median home values have risen from $113,200 in 2015 to $173,300 in 2022, indicating potential affordability amidst broader market trends. A notable surge in residential energy tax credits to $1,354.55 in 2021 underscores... Read more
McMinn County Market Trends
McMinn County has experienced a steady rise in median home values, increasing from $113,200 in 2015 to $173,300 in 2022. Though this rise remains below Tennessee's and national averages, it may indicate potential affordability and investment opportunities. In addition, residential energy tax credits have escalated significantly, hitting $1,354.55 in 2021, highlighting a community focus on... Read more
Median Value of Occupied Housing Units in McMinn County, Tennessee Over the Last 8 Years
Over the last eight years, McMinn County has seen a steady rise in median home values, peaking in 2022 at $173,300 from $113,200 in 2015. This local increase, although impressive, remains lower compared to both Tennessee's rise to $232,100 and the national increase to $179,400 by 2022. This trend could suggest that McMinn County may still offer opportunities for more affordable real estate investments relative to broader state and national markets, possibly attracting cost-conscious buyers or developers looking to capitalize on less saturated markets.
Residential Energy Tax Credit Per Tax Return in McMinn County, TN Over the Last 9 Years
Over the past nine years, McMinn County, Tennessee has seen a notable increase in the average residential energy tax credit per tax return. Starting from $344.44 in 2013, the credit rose gradually to a substantial $1,354.55 by 2021. This upward trend, peaking impressively in the last few years, suggests a growing emphasis on energy-efficient investments among residents. For potential investors, real estate agents, appraisers, and insurance agents, these figures might indicate heightened property values and a community increasingly focused on sustainability.
Average Real Estate Taxes Per Tax Return in McMinn County, TN Over the Last 10 Years
McMinn County, Tennessee, has seen a steady increase in real estate taxes per tax return over the last decade, rising from $1,231.80 in 2012 to $2,416.33 in 2021. The most significant jumps occurred between 2017 and 2018, with a more than 50% increase, pointing to possible changes in property valuations or tax policies. This consistent upward trend in real estate taxes can be a critical factor for potential investors, homeowners, and real estate professionals when assessing the long-term financial implications of owning property in the area.
Percentage of Farm Returns in McMinn County, TN Over the Last 10 Years
McMinn County, Tennessee has seen a slight decline in the percentage of farm tax returns over the past decade, starting at around 4.19% in 2012 and dipping to approximately 3.60% by 2021. Farm tax returns reflect the income reported by farms in the county, providing an insight into the economic vitality and sustainability of the agricultural sector. This trend could be indicative of broader rural economic shifts, changes in land use, or the evolving nature of farming practices. For investors, property developers, or potential residents, understanding these nuances might help make informed decisions regarding the local economy and community dynamics.
Number of Mortgages by Occupancy Type in McMinn County, TN Over the Last 5 Years in McMinn County
There's been a discernible increase in the number of mortgages for principal residences in McMinn County, Tennessee over the last five years, peaking in 2021 at 3,547 compared to 2,002 in 2018. Investment property mortgages have hovered around the 100-130 mark annually, showing consistent interest in real estate for income. Second residences have remained the least common, with modest variations each year. These trends might signal a strengthening local economy or increased desirability for permanent residences. For investors, understanding that the primary residency market is strong could influence decisions regarding where to allocate resources. Appraisers and insurance agents can also glean insights into property use trends which might factor into risk assessments and premium settings. Real estate agents and developers might focus more on catering to long-term homeowners given the demand, while those considering moving to McMinn County can feel somewhat reassured by ongoing investment in the area.
Economic Outlook
In McMinn County, Tennessee, average taxable income per tax return has surged from about $42,399.68 in 2013 to roughly $57,896.44 by 2021, hinting at possible economic growth and improved earning potential in the area. State and local income taxes have varied, reaching a peak of around $7,500.00 in 2020, indicating changing economic conditions or tax policies. Meanwhile, average total tax liability per tax return has climbed from $5,822.74 in 2012 to $8,098.28 by 2021, reflecting broader... Read more
Average Taxable Income per Tax Return in McMinn County, TN over the last 9 years
In McMinn County, Tennessee, there's been a notable upward trend in the average taxable income per tax return over the past nine years, starting at approximately $42,399.68 in 2013 and reaching around $57,896.44 by 2021. This steady increase may point to economic growth or improved earning potential in the area, factors that can be appealing to investors, real estate agents, and individuals considering a move. The most substantial annual jump occurred between 2020 and 2021, suggesting perhaps a response to economic changes or policies during that period. Such trends can impact property values, insurance rates, and investment decisions in the region.
Average State and Local Income Taxes Per Tax Return in McMinn County, TN Over the Last 10 Years
Over the past decade, McMinn County in Tennessee has experienced noticeable fluctuations in average state and local income taxes per tax return, with amounts ranging from approximately $4,145.45 in 2012 to a peak of around $7,500.00 in 2020. While there have been ups and downs, a general trend upwards could indicate changing economic circumstances or tax policies. For potential investors, property developers, real estate agents, and residents, understanding these shifts may provide insights into broader economic conditions and fiscal health in McMinn County. This tax data is also potentially useful for insurance agents and appraisers assessing future liabilities or property values in the area.
Average Total Tax Liability Per Tax Return in McMinn County, TN Over the Last 10 Years
In McMinn County, Tennessee, the average total tax liability per tax return has shown a general upward trend over the past decade. From $5,822.74 in 2012, it has increased to $8,098.28 in 2021, with notable fluctuations. The peak observed in 2021 suggests a significant rise likely influenced by economic changes or fiscal policies. This could be crucial for investors, real estate agents, or those considering a move to the area, reflecting a possibly growing local economy and higher income levels. However, potential builders and insurance agents might want to explore underlying factors contributing to these shifts.
Cost of Living in McMinn County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,123 | $1,444 | $1,815 | $969 | $743 |
| 1 adult 4 children | $1,123 | $1,179 | $1,388 | $969 | $778 |
| 2 adults 3 children | $1,123 | $1,179 | $1,575 | $969 | $566 |
| 1 adult 3 children | $1,123 | $963 | $1,148 | $969 | $566 |
| 2 adults 2 children | $839 | $965 | $1,334 | $858 | $511 |
| 1 adult 2 children | $839 | $721 | $908 | $858 | $436 |
| 2 adults 1 child | $839 | $763 | $1,094 | $500 | $532 |
| 1 adult 1 child | $839 | $493 | $667 | $500 | $434 |
| 2 adults | $716 | $613 | $854 | $0 | $494 |
| 1 adult | $668 | $334 | $427 | $0 | $431 |
Safety trends & Data
McMinn County, Tennessee, has seen shifting patterns in property crime over the past five years, with larceny-theft remaining high but decreasing from 271.00 incidents in 2019 to 208.00 in 2022. Vandalism is also trending downward, from 42.00 incidents in 2018 to 34.00 in 2022. The notable fluctuation in burglary and fraud cases suggests variable risks in property crime, crucial for prospective investors and... Read more
Property Crime Trends in McMinn County, TN Over the Last 5 Years
Property crime in McMinn County, Tennessee shows intriguing patterns over the last five years. Larceny-theft remains consistently high, peaking at 271.00 incidents in 2019 and slightly decreasing to 208.00 by 2022. Fraud saw a significant spike to 146.00 cases in 2021 before dropping to 39.00 in 2022. Meanwhile, burglary rates have fluctuated, with numbers ranging from a high of 63.00 in 2020 to a low of 47.00 in 2021. Motor vehicle thefts remain relatively stable, consistently hovering around 44.00 to 50.00 cases annually. Vandalism incidents are on a downward trajectory, hitting 34.00 in 2022 from 42.00 in 2018. These trends suggest changing dynamics in specific types of property crime, important for those considering investment, real estate development, or moving to the area.
Demographics
McMinn County, Tennessee shows a slight gender imbalance with more females than males in the adult population. Educational attainment reflects a significant portion with just high school completion or some college experience. The older age brackets, particularly those over 55, appear fairly robust, hinting at a potentially aging population. Racial demographics reveal a predominantly White population with smaller representations from other groups. Understanding these trends could be crucial for... Read more
Race Distribution in McMinn County, Tennessee (2022)
Educational Attainment in McMinn County, Tennessee (2022)
Age Distribution in McMinn County, Tennessee
Citizen Population in McMinn County, Tennessee (2022)
Political Trends & Data
McMinn County, Tennessee, demonstrated a strong Republican preference in the 2020 U.S. Presidential Election, with about 80% of votes going to the Republican candidate. The Democratic candidate received around 19%, showing a significant partisan divide. Third-party candidates captured slightly more than 1% of the vote, suggesting minimal local enthusiasm for alternatives outside the two dominant... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
McMinn County, Tennessee, showed significant leanings towards the Republican Party in the 2020 U.S. Presidential Election, with nearly 80% of votes cast for the Republican candidate. Democrats garnered roughly 19% of the vote, indicating a substantial gap between the two major parties. Other parties barely made a dent, collectively securing just over 1% of total votes, which may reflect limited local support for third-party candidates or broader national trends.
79.66% of voters voted for the Republican party in the 2020 Presidential Election
19.09% of voters voted for the Democrat party in the 2020 Presidential Election
1.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in McMinn County, Tennessee has fluctuated between 15 and 17 students per teacher, often exceeding the national average of 14. This higher classroom density might impact student attention and resources, indirectly influencing the area's appeal and property values. For real estate professionals and appraisers, these educational trends are crucial as they can affect the overall marketability of... Read more
Student-to-teacher ratio in Mcminn County, Tennessee over the last 10 years
The student-to-teacher ratio in Mcminn County, Tennessee has varied over the last decade, generally fluctuating between 15 and 17 students per teacher. Notably, while the national average in the United States is 14 students per teacher, Mcminn County often exceeds this figure. This could suggest a higher classroom density compared to the national norm, which might impact individual student attention and resources. For those looking to invest in property or move to the county, understanding these educational trends is critical, as it could indirectly influence the area's appeal, property values, and community development. For real estate professionals and appraisers, such metrics are useful in painting a comprehensive picture of the area's educational environment, potentially affecting the overall marketability of properties.
