Montgomery County Real Estate and Livability Trends
In Montgomery County, Tennessee, average taxable income per tax return grew from $44,648.10 in 2013 to $60,647.64 in 2021, reflecting rising economic prosperity, though state and local income taxes also increased, with a peak at $7,242.65 in 2020. Median home values surged from $145,900 in 2015 to $226,400 in 2022, outpacing national trends and indicating growing demand. Real estate taxes peaked... Read more
Montgomery County Market Trends
Montgomery County's median home values have increased significantly from $145,900 in 2015 to $226,400 in 2022, outpacing national trends and suggesting rising demand. The average residential energy tax credit experienced notable fluctuations, peaking in 2018 at $1,542.11 and rebounding to $1,392.78 in 2021, indicating possible opportunities for energy-conscious investments. Average real estate... Read more
Median Value of Occupied Housing Units in Montgomery County, Tennessee Over the Last 8 Years
The median home values in Montgomery County have shown steady growth over the past eight years, climbing from $145,900 in 2015 to $226,400 in 2022. This increase aligns closely with trends in Tennessee, where median values rose from $142,100 to $232,100 over the same period, and surpasses the national growth, where values grew from $125,500 to $179,400. This upward trend may suggest Montgomery County is an increasingly attractive market for potential investors, driven by local demand and possibly influenced by broader regional patterns.
Residential Energy Tax Credit Per Tax Return in Montgomery County, TN Over the Last 9 Years
Over the past nine years, Montgomery County, Tennessee saw significant fluctuations in the average residential energy tax credit per tax return. The credit amount saw a notable peak in 2018 at approximately $1,542.11, which was a considerable jump from previous years. Although there was a dip in 2019 to around $678.33, the amount has rebounded, reaching roughly $1,392.78 in 2021. This volatility might intrigue potential investors, real estate agents, and energy-conscious homeowners, suggesting diverse investment opportunities and the potential for substantial energy tax savings in this region.
Average Real Estate Taxes Per Tax Return in Montgomery County, TN Over the Last 10 Years
Montgomery County, Tennessee, has seen a notable upward trend in average real estate taxes over the past decade. In 2012, the average tax per return was around $2,144.09, rising steadily each subsequent year. By 2018, there was a substantial jump to approximately $3,191.50, continuing to climb with 2019 at $3,415.87 and peaking in 2020 at $3,655.07. Despite a slight dip to $3,465.87 in 2021, the overall trend suggests increasing real estate taxes, which could signal rising property values and evolving local fiscal policies. This data could be particularly relevant for potential investors, property developers, and real estate professionals analyzing the market dynamics in the area.
Percentage of Farm Returns in Montgomery County, TN Over the Last 10 Years
The data shows a steady, almost consistent decline in the percentage of farm tax returns in Montgomery County, Tennessee over the past decade, dropping from approximately 1.18% in 2012 to about 0.80% in 2021. Farm tax returns are essentially filings made by agricultural businesses or entities to report income and expenses related to farming operations. For investors, property developers, or those looking to relocate, this trend likely suggests a shift in the county's economic base away from agriculture, possibly pointing to growth in other sectors. This could influence real estate values, zoning decisions, and local economic strategies in the area.
Number of Mortgages by Occupancy Type in Montgomery County, TN Over the Last 5 Years in Montgomery County
In Montgomery County, Tennessee, the number of mortgages for principal residences has consistently been the highest, rising significantly from nearly 13,700 in 2018 to over 23,900 in 2021, although they dipped to around 17,400 in 2022. Investment properties saw a peak in 2021 with over 2,100 mortgages, but demand dropped again in 2022, following a general rising trend from 2018. Conversely, second residence mortgages have remained relatively stable but minimal, ranging from about 120 to 260 annually. Shifts in occupancy type matter because they signal economic trends, with higher principal residence mortgages suggesting an influx of primary residents, thus impacting local markets and amenities. For investors, understanding these shifts can inform decisions on rental property viability, while appraisers and insurance agents might need to reassess property values and risks. Real estate agents and those looking to move can gauge the balance of primary versus investment and second home demands, impacting market dynamics and availability.
Economic Outlook
Montgomery County, Tennessee has seen a consistent rise in average taxable income per tax return over the past nine years, climbing from $44,648.10 in 2013 to $60,647.64 in 2021, indicating growing economic prosperity. However, this increase is tempered by a notable rise in state and local income taxes over the past decade, peaking at $7,242.65 in 2020 before easing slightly to $6,570.67 in 2021. The average total tax liability also surged, hitting $8,460.14 by 2021. These financial trends... Read more
Average Taxable Income per Tax Return in Montgomery County, TN over the last 9 years
Over the past nine years, Montgomery County, Tennessee, has seen a notable upward trend in average taxable income per tax return. From $44,648.10 in 2013 to $60,647.64 in 2021, there's a strong pattern of increasing earnings. This gradual rise indicates a growing economic prosperity, which might be appealing to potential investors, developers, real estate agents, and residents seeking stable and improving financial conditions.
Average State and Local Income Taxes Per Tax Return in Montgomery County, TN Over the Last 10 Years
Montgomery County, Tennessee, has seen fluctuating increases in average state and local income taxes per tax return over the past decade. From around $4,125.88 in 2012, taxes have risen significantly, peaking at $7,242.65 in 2020 before settling at $6,570.67 in 2021. This upward trend might indicate a growing economy or rising income levels, but it also suggests a higher tax burden over time. Investors, potential residents, and real estate professionals will likely view this data as crucial for financial planning and investment decisions.
Average Total Tax Liability Per Tax Return in Montgomery County, TN Over the Last 10 Years
The average total tax liability per tax return in Montgomery County, Tennessee, has generally increased over the last decade, with notable growth particularly evident from 2017 onward. By 2021, this figure reached a peak of $8,460.14, reflecting financial trends that could impact various stakeholders. This rising tax burden might suggest economic growth or changes in tax policy, potentially affecting decisions for investors, property developers, and local residents considering the region. These shifts could also influence appraisal values and insurance considerations as market dynamics evolve.
Cost of Living in Montgomery County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,462 | $1,520 | $1,850 | $1,152 | $947 |
| 1 adult 4 children | $1,462 | $1,241 | $1,414 | $1,152 | $1,055 |
| 2 adults 3 children | $1,462 | $1,242 | $1,605 | $1,152 | $765 |
| 1 adult 3 children | $1,462 | $1,014 | $1,169 | $1,152 | $838 |
| 2 adults 2 children | $1,037 | $1,017 | $1,361 | $1,059 | $640 |
| 1 adult 2 children | $1,037 | $759 | $925 | $1,059 | $576 |
| 2 adults 1 child | $1,037 | $803 | $1,116 | $757 | $655 |
| 1 adult 1 child | $1,037 | $519 | $680 | $757 | $552 |
| 2 adults | $798 | $645 | $872 | $0 | $530 |
| 1 adult | $736 | $352 | $436 | $0 | $457 |
Safety trends & Data
Montgomery County, Tennessee, has seen notable shifts in property crime over the past five years. Larceny-theft incidents, for instance, peaked at 925 in 2018 but dropped to 365 by 2022, indicating possible improvements in security that could appeal to investors and homeowners. Burglary, vandalism, and motor vehicle theft also generally decreased, hinting at better community initiatives. However, fraud showed a more inconsistent pattern, which may be crucial information for insurance agents and... Read more
Property Crime Trends in Montgomery County, TN Over the Last 5 Years
Over the past five years, Montgomery County, Tennessee, has seen nuanced shifts in property crimes. While larceny-theft remains the most frequent crime, peaking in 2018 with 925 incidents before steadily declining to 365 by 2022, this drop is significant for prospective investors and residents. Burglary, vandalism, and motor vehicle theft have also generally decreased, suggesting possibly improved security measures or community initiatives. However, fraud, along with forgery and counterfeiting, saw a more variable trend, with fraud rising in 2019 but generally tapering off thereafter. This kind of data may be especially relevant for insurance agents and real estate professionals assessing risk and property value.
Demographics
Montgomery County, Tennessee's adult population shows a near parity between males and females, creating a balanced community dynamic. The county has a notable education profile with a significant portion of adults possessing at least a high school diploma; a large segment has attended some college, although not all have completed degrees. The age demographics are particularly youthful, with a sizeable share under 35 years old, hinting at future growth potential and a dynamic labor market.... Read more
Race Distribution in Montgomery County, Tennessee (2022)
Educational Attainment in Montgomery County, Tennessee (2022)
Age Distribution in Montgomery County, Tennessee
Citizen Population in Montgomery County, Tennessee (2022)
Political Trends & Data
Montgomery County, Tennessee, tends to lean Republican with over 54% of voters backing the Republican candidate in the 2020 U.S. Presidential Election. Democrats attracted just over 42% of the vote, while other parties collectively secured about 2.7%. The voting pattern could suggest a conservative-leaning population, potentially influencing local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Montgomery County, Tennessee, the 2020 U.S. Presidential Election showed a tendency towards Republican preference, with just over 54% of the vote. Democrats garnered a bit over 42%, while other parties like Libertarian and Green didn't make a noticeable impact. The remaining percentage went to other minor parties, making up just over 2.7% of the votes. This distribution hints at a predominantly Republican-leaning electorate in the county.
54.96% of voters voted for the Republican party in the 2020 Presidential Election
42.30% of voters voted for the Democrat party in the 2020 Presidential Election
2.73% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Montgomery County, Tennessee climbed to 18 students per teacher in 2022, which is considerably higher than the national average of 14. This trend might raise concerns about educational quality and classroom management, signaling potential opportunities for additional educational infrastructure investment. Real estate agents could leverage this data to inform prospective buyers focused on education quality, while insurance agents and appraisers may use it when... Read more
Student-to-teacher ratio in Montgomery County, Tennessee over the last 10 years
The student-to-teacher ratio in Montgomery County, Tennessee has seen a gradual increase over the past decade, reaching a peak of 18 students per teacher in 2022, which is significantly above the national average of 14. This growing ratio might impact the quality of education and classroom management, potentially causing concern for parents and educators. For investors or property developers, it could signal a need for more educational infrastructure, possibly presenting new opportunities. Real estate agents might find this information relevant for prospective homebuyers prioritizing education. Insurance agents and appraisers might also consider this trend when evaluating properties in relation to school districts.
