Morgan County Real Estate and Livability Trends
Morgan County, Tennessee has seen an uptick in average taxable incomes per tax return, jumping from $39,156.43 in 2013 to $54,660.77 in 2021, a sign of possible economic growth that may lure investors and new residents. Median home values have risen from $92,900 in 2015 to $133,000 by 2022, yet they still lag behind broader trends, perhaps indicating undervalued properties ideal for buyers and... Read more
Morgan County Market Trends
In Morgan County, Tennessee, median home values have shown a modest rise over the past eight years, from $92,900 in 2015 to $133,000 in 2022, significantly lagging behind broader state and national trends. This discrepancy might suggest an undervaluation, offering affordable opportunities for buyers and investors. Residential energy tax credits have generally increased, peaking at $444.44 in... Read more
Median Value of Occupied Housing Units in Morgan County, Tennessee Over the Last 8 Years
Over the last eight years, median home values in Morgan County, Tennessee have shown a relatively modest rise, starting at $92,900 in 2015 and climbing to $133,000 in 2022. This local growth pales compared to broader trends, with Tennessee witnessing a jump from $142,100 to $232,100 in the same period, reflecting a stronger upward trajectory. Nationally, the rise from $125,500 to $179,400 also outpaces Morgan County, highlighting potentially more attractive investment and property value scenarios outside the county. This discrepancy suggests potential undervaluation in Morgan County, which might offer more affordable options for buyers and investors looking for less pressure on their budgets.
Residential Energy Tax Credit Per Tax Return in Morgan County, TN Over the Last 8 Years
Morgan County, Tennessee, has seen fluctuating yet generally increasing average residential energy tax credits per tax return over the last eight years, peaking at $444.44 in 2021. This trend might suggest growing investments in energy-efficient home improvements, which could be a positive sign for real estate investors and appraisers looking to capitalize on energy-conscious homebuyers. Long-term residents may find these credits beneficial in offsetting some renovation costs, potentially increasing property values. For builders and insurance agents, this implies a market that values energy efficiency, which could influence construction and policy underwriting strategies.
Average Real Estate Taxes Per Tax Return in Morgan County, TN Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Morgan County, Tennessee have shown a steady increase, rising from $1,513.25 in 2012 to $2,810.00 in 2021. Notably, there was a significant jump around 2018 where taxes surged to $2,658.33, maintaining relatively high levels thereafter. This upward trend may suggest increasing property values and could be indicative of a growing and robust real estate market. Potential investors, appraisers, and real estate agents might find these dynamics particularly interesting as they assess market trends and future opportunities in the region.
Percentage of Farm Returns in Morgan County, TN Over the Last 10 Years
Farm tax returns in Morgan County, Tennessee, have exhibited some fluctuations over the past decade, peaking at around 5.40% in 2014 before dropping to approximately 4.22% in 2020 and slightly recovering to about 4.62% in 2021. Farm tax returns represent the percentage of overall tax filings attributed to farming activities, offering insights into the agricultural sector's vitality in the area. Investors or those looking to move to the region might find it noteworthy that while there is a slight decline in recent years, the consistency in farm returns indicates a stable yet modestly decreasing agricultural presence in Morgan County.
Number of Mortgages by Occupancy Type in Morgan County, TN Over the Last 5 Years in Morgan County
Over the last five years in Morgan County, Tennessee, there's been a notable trend in mortgage distribution favoring principal residences, which consistently dominate the market. The number of mortgages for principal residences has seen a steady rise, peaking in 2021 at 957. This shift suggests the county's growing appeal as a primary place of residence. Conversely, investment properties and second residences comprise a significantly smaller share, with investment property mortgages even declining slightly. These changes in occupancy type matter because a rising number of principal residences can indicate a stable and attractive housing market for long-term residents, important for real estate agents and individuals intending to move there. Meanwhile, a decrease in investment properties might hint at fewer short-term rental opportunities, impacting investors and appraisers evaluating market potential.
Economic Outlook
Morgan County, Tennessee has experienced a steady climb in average taxable income per tax return, increasing from $39,156.43 in 2013 to $54,660.77 in 2021. This trend hints at a strengthening local economy that could entice investors and new residents. However, notable fluctuations in state and local income taxes, peaking at $4,166.67 in 2016, suggest varying fiscal pressures that might influence investment decisions. Additionally, the average total tax liability per tax return rose... Read more
Average Taxable Income per Tax Return in Morgan County, TN over the last 9 years
Morgan County, Tennessee has seen a steady increase in average taxable income per tax return over the past nine years, climbing from $39,156.43 in 2013 to $54,660.77 in 2021. This upward trend may suggest a strengthening local economy and could signify attractive conditions for potential investors or those looking to move to the area. With rising incomes, property values and the overall cost of living might also see a corresponding increase, which could be relevant for appraisers, insurance agents, and real estate professionals keeping an eye on the market.
Average State and Local Income Taxes Per Tax Return in Morgan County, TN Over the Last 6 Years
Morgan County, Tennessee saw notable fluctuations in state and local income taxes per tax return from 2012 to 2017, with a significant rise from $2,625.00 in 2012 to $3,950.00 by 2013. Although there was a dip in 2014 to $3,375.00, the general trend indicates a gradual increase, peaking at $4,166.67 in 2016 before a slight decrease to $3,800.00 in 2017. These shifts suggest varying fiscal pressures that could impact decisions for potential investors, homebuyers, and real estate professionals, hinting at changing economic conditions and possible adjustments in tax policies during this period.
Average Total Tax Liability Per Tax Return in Morgan County, TN Over the Last 10 Years
Morgan County, Tennessee has seen a notable rise in the average total tax liability per tax return over the past decade. In 2012, the average was $4,644.91, but by 2021, it had increased to $6,856.92, reflecting an overall upward trajectory. This trend highlights the growing economic activity and possibly increasing property values in the area, which might be pertinent for investors, real estate agents, and new residents considering the locale as a viable option for investment or settlement. The steady increase may indicate a stronger local economy but also could suggest rising living costs that might impact financial planning.
Cost of Living in Morgan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,112 | $1,420 | $1,767 | $899 | $728 |
| 1 adult 4 children | $1,112 | $1,159 | $1,350 | $899 | $763 |
| 2 adults 3 children | $1,112 | $1,160 | $1,534 | $899 | $555 |
| 1 adult 3 children | $1,112 | $947 | $1,117 | $899 | $553 |
| 2 adults 2 children | $801 | $949 | $1,301 | $820 | $500 |
| 2 adults 1 child | $801 | $750 | $1,067 | $564 | $543 |
| 1 adult 2 children | $801 | $709 | $884 | $820 | $427 |
| 1 adult 1 child | $801 | $485 | $650 | $564 | $447 |
| 2 adults | $609 | $603 | $834 | $0 | $475 |
| 1 adult | $605 | $329 | $417 | $0 | $423 |
Safety trends & Data
Morgan County, Tennessee's property crime trends have shown notable fluctuations over the past five years. Burglary incidents fell from a peak of 20 in 2019 to just 5 by 2022, while larceny-theft dropped from 38 in 2019 to 21 in 2022. Motor vehicle theft also declined significantly from 20 incidents in 2019 to 7 in 2022. Meanwhile, fraud-related crimes have stayed relatively low with minimal changes. These shifts potentially reflect evolving crime dynamics, providing valuable knowledge for... Read more
Property Crime Trends in Morgan County, TN Over the Last 5 Years
Morgan County, Tennessee has exhibited varying trends in property crime over the past five years. Burglary peaked in 2019 with 20 incidents but has seen a consistent reduction to just 5 incidents by 2022. Larceny-Theft fluctuated, peaking at 38 incidents in 2019, but decreased to 24 in 2021 and 21 in 2022. Motor Vehicle Theft has witnessed a decline from 20 incidents in 2019 to just 7 in 2022. Fraud-related crimes have remained relatively low but show minimal fluctuations. These shifts could indicate changing crime dynamics in the county, valuable insight for investors, insurers, and anyone considering property development or relocation in the area.
Demographics
Morgan County, Tennessee, reveals a significant demographic tilt with a larger male population compared to female residents. The educational attainment shows that a notable portion of the population holds only a high school diploma or less, suggesting a potential area for educational improvement initiatives. The age distribution indicates a relatively balanced spread across various age groups, with a slight concentration in the 25 to 54-year range, potentially affecting workforce dynamics.... Read more
Race Distribution in Morgan County, Tennessee (2022)
Educational Attainment in Morgan County, Tennessee (2022)
Age Distribution in Morgan County, Tennessee
Citizen Population in Morgan County, Tennessee (2022)
Political Trends & Data
Morgan County, Tennessee, showed an overwhelming preference for Republican candidates in the 2020 U.S. Presidential Election, with about 84% of votes going to the GOP. Democratic candidates received around 14% of the votes, while other parties had minimal impact. Such a strong Republican leaning suggests deeply rooted political preferences in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Morgan County, Tennessee, displayed a strong tendency towards Republican candidates in the 2020 U.S. Presidential Election, with an estimated 84% of votes favoring the GOP. Democratic support appeared quite limited, potentially capturing around 14% of the votes. Other parties, including Libertarian and Green, seemed to have little to no influence, barely contributing to the overall vote count. This heavy Republican lean might suggest an entrenched political preference in the county.
84.22% of voters voted for the Republican party in the 2020 Presidential Election
14.18% of voters voted for the Democrat party in the 2020 Presidential Election
1.59% of voters voted for the Other party in the 2020 Presidential Election
School Data
Morgan County, Tennessee has typically maintained a student-to-teacher ratio below the national average, bouncing between 11 and 12 students per teacher over the past decade until rising to nearly 15 in 2022 and then settling at around 13 by 2023. This trend suggests smaller class sizes that might attract families focused on personalized education, potentially boosting property values and making the county a more appealing investment. Adjustments in school quality are worth noting for... Read more
Student-to-teacher ratio in Morgan County, Tennessee over the last 10 years
Over the past decade, Morgan County, Tennessee has generally maintained a lower student-to-teacher ratio compared to the national average of 14 students per teacher. The ratio fluctuated slightly from 11 to 12 students per teacher until 2022, when it spiked to nearly 15, before dropping again to around 13 in 2023. This lower ratio potentially indicates smaller class sizes, which might appeal to families prioritizing individualized attention in education and could influence property values and investment decisions in the area. Appraisers and insurance agents should also consider these trends when evaluating risk and property worth, as changes in school quality can impact neighborhood desirability. Real estate agents might find this information useful for pitching homes to prospective buyers who value educational factors.
