Meigs County Real Estate and Livability Trends
Meigs County, Tennessee has seen a steady rise in average taxable income per tax return, climbing from $43,866.39 in 2013 to $63,489.28 in 2021. Median home values also jumped from $99,500 in 2015 to $163,000 in 2022. Residential energy tax credits surged from $222.22 in 2013 to $1,975.00 in 2021, indicating a move towards energy-efficient homes. Property taxes have notably increased, and the... Read more
Meigs County Market Trends
Meigs County, Tennessee, has experienced a steady rise in median home values, jumping from $99,500 in 2015 to $163,000 in 2022, making it an affordable alternative within the state and national markets where median values sit at $232,100 and $179,400, respectively. Moreover, residential energy tax credits have surged notably from $222.22 in 2013 to $1,975.00 in 2021, suggesting a trend toward... Read more
Median Value of Occupied Housing Units in Meigs County, Tennessee Over the Last 8 Years
Meigs County, Tennessee, has seen a steady increase in median home values over the last eight years, from $99,500 in 2015 to $163,000 in 2022. When compared to broader trends, Meigs County's 2022 median value is lower than both Tennessee's $232,100 and the national median of $179,400. This relatively lower median value could be attractive for investors and homebuyers looking for more affordable options within a continuously appreciating market.
Residential Energy Tax Credit Per Tax Return in Meigs County, TN Over the Last 7 Years
Recent trends in Meigs County, Tennessee suggest that the average residential energy tax credit per tax return has been steadily climbing over the past seven years. Starting at approximately $222.22 in 2013, it saw consistent growth, notably hitting $500.00 by 2017 and skyrocketing to $1,975.00 in 2021. This upward trend might indicate increasing investments in energy-efficient home improvements, potentially making the region more appealing for those interested in sustainable living and long-term savings. This trajectory could be a point of interest for real estate agents, potential investors, appraisers, and insurance agents, as it implies a community with rising home values and modernized properties.
Average Real Estate Taxes Per Tax Return in Meigs County, TN Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Meigs County, Tennessee appear to have shown a general trend of significant increases, peaking notably from 2018 onward. Such upward movement, with values jumping from $1,357.89 in 2012 to $2,866.67 by 2021, could suggest rising property values or tax rate adjustments in the region. Real estate and insurance agents, investors, and potential homebuyers might find these increases indicative of higher ownership costs, influencing decisions on buying or building property in this county. Appraisers might also see this as a potential sign of changing property values in the market.
Percentage of Farm Returns in Meigs County, TN Over the Last 10 Years
Meigs County, Tennessee has seen a slight downward trend in the percentage of farm tax returns over the past decade, starting at 5.81% in 2012 and dipping to 4.19% in 2020 before a minor uptick to 4.39% in 2021. Farm tax returns generally indicate the proportion of taxable income derived from agricultural activities, thus a decrease might hint at a shift away from agriculture or changing economic conditions. This information could be crucial for potential investors, property developers, or inhabitants interested in the evolving economic landscape of the county.
Number of Mortgages by Occupancy Type in Meigs County, TN Over the Last 5 Years in Meigs County
Meigs County, Tennessee has seen varied trends in mortgage counts by occupancy type over the last five years. Principal residences dominated the market, with noticeable increases peaking at 804 in 2021. Investment property mortgages showed slight fluctuations, with a high of 27 in 2021 versus a low of 14 in 2018. Second residences fluctuated as well, with moderate changes ranging from 33 to 65 mortgages annually. Understanding these trends could be crucial for investors, real estate agents, and others in the housing market. A significant increase in principal residence mortgages may signal a robust demand for living spaces, potentially driving property values and influencing market strategies. Conversely, the relatively stable yet lower numbers for investment and second residences might suggest niche opportunities or stability in those segments, attractive for conservative investment strategies or insurance assessments. Shifts in occupancy types could indicate changing economic conditions or lifestyle preferences, affecting everything from building plans to appraisal techniques.
Economic Outlook
Meigs County, Tennessee has seen a steady rise in average taxable income per tax return over the past nine years, climbing from $43,866.39 in 2013 to $63,489.28 in 2021. This trend could indicate improving economic conditions, making the area more appealing for real estate investments and developments. State and local income taxes have fluctuated, with a notable peak of $8,650.00 in 2019, perhaps reflecting economic growth or tax policy changes. Additionally, total tax liability per tax return... Read more
Average Taxable Income per Tax Return in Meigs County, TN over the last 9 years
Meigs County, Tennessee has experienced a notable rise in average taxable income per tax return over the past nine years. From $43,866.39 in 2013, it has steadily increased to $63,489.28 in 2021. This growth trend may suggest improving local economic conditions, making the area potentially more attractive for investments, property development, and real estate activities. Real estate agents and property developers might find this data particularly useful for gauging property values and market opportunities in the region. Meanwhile, appraisers and insurance agents might consider these trends when analyzing risk and valuation models.
Average State and Local Income Taxes Per Tax Return in Meigs County, TN Over the Last 9 Years
Over the last nine years, Meigs County, Tennessee has experienced fluctuations in average state and local income taxes per tax return, ranging from a low of $3,560.00 in 2014 to a high of $8,650.00 in 2019. The steep rise between 2018 and 2019 could suggest economic growth or changes in tax policies during that period. The data points to a variable tax environment, which may be worth considering for potential investors, homebuyers, and financial planners looking at the region.
Average Total Tax Liability Per Tax Return in Meigs County, TN Over the Last 10 Years
Over the past decade, Meigs County in Tennessee has seen fluctuating but generally rising trends in total tax liability per tax return. From a value of $5,958.88 in 2012, it reached a peak of $9,603.56 in 2021. This increase may suggest growing economic activity or rising incomes in the area, which could be relevant for potential investors and real estate professionals evaluating market conditions. Appraisers and insurance agents might also find this data useful for assessing property values and risk considerations.
Cost of Living in Meigs County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,047 | $1,436 | $1,815 | $969 | $730 |
| 1 adult 4 children | $1,047 | $1,172 | $1,388 | $969 | $761 |
| 2 adults 3 children | $1,047 | $1,173 | $1,575 | $969 | $555 |
| 1 adult 3 children | $1,047 | $958 | $1,148 | $969 | $548 |
| 2 adults 2 children | $747 | $960 | $1,334 | $858 | $494 |
| 1 adult 2 children | $747 | $717 | $908 | $858 | $416 |
| 2 adults 1 child | $747 | $759 | $1,094 | $500 | $515 |
| 1 adult 1 child | $747 | $490 | $667 | $500 | $415 |
| 2 adults | $593 | $610 | $854 | $0 | $468 |
| 1 adult | $589 | $332 | $427 | $0 | $414 |
Safety trends & Data
In Meigs County, Tennessee, property crime trends over the last five years have shown notable fluctuations. Burglary incidents peaked at 19 in 2019 but dropped to 4 by 2020. Motor vehicle thefts rose to a high of 8 in 2021, while larceny-theft incidents plunged from 22 in 2018 to just 1 in 2020 before rebounding to 13 in 2022. Meanwhile, fraud incidents have mostly stayed below 2 cases annually. These shifts could point to evolving socio-economic factors and law enforcement strategies, relevant... Read more
Property Crime Trends in Meigs County, TN Over the Last 5 Years
Over the last five years, property crime trends in Meigs County, Tennessee have shown fluctuating numbers in various crime categories. Notably, burglary incidents saw a high of 19 in 2019 and dipped to 4 by 2020, whereas motor vehicle thefts spiked to 8 in 2021. Meanwhile, larceny-theft started at 22 incidents in 2018, dropped drastically in 2020 to just 1 case, and then saw an uptick to 13 in 2022. Fraud incidents have remained relatively low, rarely exceeding 2 cases per year. These dynamic shifts could suggest evolving local socio-economic factors and possibly changing law enforcement strategies, which are crucial for stakeholders from real estate investors to local residents.
Demographics
Meigs County, Tennessee, shows a balanced gender distribution with nearly equal numbers of males and females in 2022. The county's educational attainment highlights that a significant portion of adults have completed high school or higher education, though there is a noticeable segment lacking a high school diploma. The age distribution indicates a diverse population with a substantial number of residents aged 55 and above, which could have implications for healthcare and social services.... Read more
Race Distribution in Meigs County, Tennessee (2022)
Educational Attainment in Meigs County, Tennessee (2022)
Age Distribution in Meigs County, Tennessee
Citizen Population in Meigs County, Tennessee (2022)
Political Trends & Data
Meigs County, Tennessee, trends heavily Republican, with around 81% of the 2020 U.S. Presidential Election vote going to the GOP and about 18% to Democrats. This overwhelming political lean might reflect broader rural political sentiments across Tennessee, hinting at the county's potential appeal to like-minded buyers who value community alignment with conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Meigs County, Tennessee, trends heavily Republican with approximately 81% of the 2020 U.S. Presidential Election vote going to the GOP. Democrats received around 18%, suggesting minimal competition from other parties. This strong lean could be indicative of broader political sentiments in similar rural areas across Tennessee.
80.75% of voters voted for the Republican party in the 2020 Presidential Election
18.22% of voters voted for the Democrat party in the 2020 Presidential Election
1.03% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Meigs County, Tennessee has hovered around the national average of 14 students per teacher, ranging from 14 to 15. This consistent ratio implies a stable educational environment, potentially enhancing property values and attracting families. Investors and real estate agents might find this appealing, suggesting reliable educational quality. Appraisers and insurance agents could also see this stability as a positive factor in assessing... Read more
Student-to-teacher ratio in Meigs County, Tennessee over the last 10 years
Over the past decade, the student-to-teacher ratio in Meigs County, Tennessee has hovered fairly consistently around the national average of 14 students per teacher, with minor fluctuations. Specifically, from 2014 to 2023, the ratio ranged from 14 to 15, indicating a stable educational environment that aligns with broader national trends. For families considering moving to the area, the consistency in classroom sizes could suggest reliable educational quality. Investors and real estate agents might find this appealing, as stable school metrics can enhance property values and attract residents. Additionally, appraisers and insurance agents might view this stability as a factor in assessing long-term value and risk.
