McNairy County Real Estate and Livability Trends
In McNairy County, Tennessee, the average taxable income per tax return has climbed significantly, suggesting economic strengthening that could attract investors and new residents. Median home values rose from $85,000.00 in 2015 to $125,400.00 in 2022, indicating potential for future appreciation despite lagging behind state and national averages. The average total tax liabilities per tax return... Read more
McNairy County Market Trends
McNairy County, Tennessee, has seen consistent growth in median home values from $85,000.00 in 2015 to $125,400.00 in 2022, though it still lags behind both state and national figures. This gap could indicate significant potential for future appreciation, making it an attractive option for buyers looking for affordability or investors seeking growth. Real estate taxes have almost doubled over the... Read more
Median Value of Occupied Housing Units in McNairy County, Tennessee Over the Last 8 Years
McNairy County, Tennessee has experienced a steady increase in median home values over the past eight years, culminating in a value of $125,400.00 in 2022, starting from $85,000.00 in 2015. While this growth is impressive, it still lags behind both the state and national levels. For investors and home buyers, this gap might indicate potential for appreciation. Tennessee's median home value rose to $232,100.00, and the national value reached $179,400.00 in 2022. The relatively lower median value in McNairy County could be appealing for those seeking more affordable housing options or those looking to invest in an area with room for growth.
Residential Energy Tax Credit Per Tax Return in McNairy County, TN Over the Last 8 Years
Investment in residential energy efficiency in McNairy County, Tennessee has seen some interesting fluctuations in the average energy tax credit per tax return over the past eight years. While 2013 started at $327.78, the credit spiked to $600.00 by 2017, and reached a high of $742.86 in 2020. This suggests ongoing efforts by homeowners to invest in energy-efficient improvements, potentially driven by rising energy costs or increased awareness of sustainability benefits. These trends might attract real estate investors looking to capitalize on energy-efficient homes, insurance agents assessing property risk, or appraisers valuing updated properties.
Average Real Estate Taxes Per Tax Return in McNairy County, TN Over the Last 10 Years
Real estate taxes in McNairy County, Tennessee have seen a notable upward trend over the last decade, increasing from $1,183.93 in 2012 to a high of approximately $2,238.89 in 2020. The surge, especially between 2017 and 2018 where taxes spiked from $1,427.37 to $1,800.00, could indicate shifts in property valuations or local fiscal policies. For prospective investors, real estate agents, and property developers, this pattern suggests a changing economic landscape where tax liabilities have gradually intensified, likely impacting overall cost considerations for property ownership and development in the area.
Percentage of Farm Returns in McNairy County, TN Over the Last 10 Years
Farm tax returns in McNairy County, Tennessee have seen a gradual decrease over the last decade. Starting at approximately 5.71% in 2012, the percentage dipped to around 5.21% by 2018, and further down to roughly 4.60% in 2020, with a slight rise to 4.90% in 2021. This trend might suggest a gradual reduction in farming activities or farm profitability within the county, which could influence decisions for those looking to invest in agricultural endeavors or considering rural property development.
Number of Mortgages by Occupancy Type in McNairy County, TN Over the Last 5 Years in McNairy County
From 2018 to 2022, McNairy County, Tennessee, has seen a notable fluctuation in mortgage counts across different occupancy types. Principal residences have consistently dominated, peaking at 1,111 in 2021 but dropping to 875 in 2022. Investment properties have shown a slight decline overall, while second residences have maintained relatively low and stable numbers. For investors and real estate professionals, the dominance and trends of principal residences may suggest a strong local demand for primary homes, impacting market strategies and valuations. Insurance agents and appraisers might find the shifts significant for risk assessment and accurate property appraisals. Builders and those looking to move to the area could see these trends as indicators of growing residential development opportunities and housing demands.
Economic Outlook
McNairy County, Tennessee has witnessed a notable upward trend in average taxable income per tax return, climbing from $38,955.02 in 2013 to $51,416.18 in 2021. This suggests a strengthening local economy that might attract investors, property developers, and new residents looking at the financial growth. Additionally, after some fluctuations, the average state and local income taxes have risen to $5,580.00 in 2021, which could influence financial planning for potential investors or residents.... Read more
Average Taxable Income per Tax Return in McNairy County, TN over the last 9 years
Over the last nine years, McNairy County, Tennessee has seen a general upward trend in average taxable income per tax return, starting at $38,955.02 in 2013 and reaching $51,416.18 in 2021. This steady increase may signal a strengthening local economy and might be attractive to investors, property developers, and new residents looking at the area’s financial growth. This could likely impact property values and potentially affect appraisal and insurance rates in the region.
Average State and Local Income Taxes Per Tax Return in McNairy County, TN Over the Last 10 Years
Over the last decade, McNairy County, Tennessee has experienced fluctuating average state and local income taxes per tax return, peaking at $5,940.00 in 2018. After a dip to $3,695.00 in 2015, taxes have notably climbed since then, reaching $5,580.00 in 2021. This variability and recent rise could be relevant for potential investors or residents considering the county, as they might need to account for these changes in their financial planning. Additionally, real estate professionals and insurance agents may find this data useful for understanding the economic landscape of the area.
Average Total Tax Liability Per Tax Return in McNairy County, TN Over the Last 10 Years
Over the last decade, McNairy County, Tennessee has seen a fluctuating yet upward trend in average total tax liabilities per tax return. Beginning at around $5,113.16 in 2012, liabilities experienced minor dips and rises but ultimately increased to approximately $6,530.66 by 2021. This pattern might suggest a gradually improving economic environment or changing tax policies impacting residents. For investors and real estate professionals, understanding these tax trends could help gauge fiscal health and predict financial obligations.
Cost of Living in McNairy County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,006 | $1,303 | $1,867 | $969 | $693 |
| 1 adult 4 children | $1,006 | $1,064 | $1,428 | $969 | $719 |
| 2 adults 3 children | $1,006 | $1,064 | $1,620 | $969 | $529 |
| 1 adult 3 children | $1,006 | $869 | $1,181 | $969 | $516 |
| 2 adults 2 children | $747 | $871 | $1,372 | $858 | $484 |
| 1 adult 2 children | $747 | $651 | $933 | $858 | $409 |
| 2 adults 1 child | $747 | $689 | $1,125 | $500 | $508 |
| 1 adult 1 child | $747 | $445 | $686 | $500 | $414 |
| 2 adults | $594 | $553 | $877 | $0 | $465 |
| 1 adult | $590 | $302 | $439 | $0 | $415 |
Safety trends & Data
McNairy County, Tennessee, has seen varied property crime trends over the past five years. Larceny-theft peaked at 45 incidents in 2018 but has mostly stabilized. Burglary incidents dropped from 22 in 2019 to just 9 in 2022, and vandalism cases also fell sharply from 22 to 7 in the same period. With fraud and arson remaining low, the overall decreasing or stable trend in property crimes may appeal to potential investors, new residents, and real estate professionals looking for a sense of safety... Read more
Property Crime Trends in McNairy County, TN Over the Last 5 Years
McNairy County, Tennessee, has seen fluctuations in property crime over the past five years, with notable variations across different crime categories. Larceny-theft consistently remains the most reported crime, peaking at 45 in 2018 and fluctuating slightly over the years. Burglary incidents showed a downward trend from 22 in 2019 to 9 in 2022. Similarly, vandalism cases also showcased a significant reduction from 22 in 2020 to just 7 in 2022. Fraud and arson remained relatively low throughout, with minimal fluctuations. These trends suggest a generally decreasing or stable outlook for property crimes, which may be appealing for prospective investors, new residents, and real estate professionals seeking stability and safety assurances in McNairy County.
Demographics
McNairy County, Tennessee, shows a relatively balanced adult male and female population with a slight tilt towards females. Educational attainment reveals a significant portion of high school graduates, but fewer residents with higher degrees, implying there may be opportunities for educational advancement initiatives. The age distribution indicates a broad spectrum with noticeable numbers in the 45-64 age bracket. In terms of racial demographics, the population predominantly identifies as... Read more
Race Distribution in McNairy County, Tennessee (2022)
Educational Attainment in McNairy County, Tennessee (2022)
Age Distribution in McNairy County, Tennessee
Citizen Population in McNairy County, Tennessee (2022)
Political Trends & Data
McNairy County in Tennessee exhibited a strong Republican preference in the 2020 U.S. Presidential Election, with over 80% of votes favoring the GOP. Democrats captured roughly 17%, indicating a significant partisan skew. This Republican dominance may hint at broader ideological leanings which could influence local policies and development trends in the area, potentially affecting market conditions and broader economic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
McNairy County, located in Tennessee, leaned heavily Republican during the 2020 U.S. Presidential Election, with over 80% of the vote. Democrats secured a distant second at around 17%, while other parties barely registered. This trend suggests that McNairy County is likely a stronghold for Republican support within Tennessee, reflecting broader ideological leanings in the area.
80.65% of voters voted for the Republican party in the 2020 Presidential Election
17.23% of voters voted for the Democrat party in the 2020 Presidential Election
2.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
McNairy County, Tennessee has experienced a decline in its student-to-teacher ratio over the past decade, moving from 13 in 2014 to nearly 12 in 2023. This trend is notable since it falls below the current national average of 14 students per teacher, potentially signaling better individual attention for students and higher educational outcomes. Improved school quality can be a draw for families looking to relocate, which could positively impact real estate values and make the area more... Read more
Student-to-teacher ratio in Mcnairy County, Tennessee over the last 10 years
Over the last decade, McNairy County, Tennessee has seen a gradual decline in its student-to-teacher ratio, dropping from 13 in 2014 to nearly 12 in 2023, which is below the current U.S. national average of 14 students per teacher. This improvement may suggest smaller class sizes, which could indicate better individual attention for students and potentially higher educational outcomes. Such a trend might be appealing for families considering relocation for quality education, and it could also impact real estate values positively as better schools attract more residents. Investors, appraisers, and insurance agents might find these shifts significant as they reflect a potentially more stable and attractive community for new developments or relocations.
