Obion County Real Estate and Livability Trends
Obion County, Tennessee is seeing notable economic and real estate trends that could pique investor interest. Average taxable income per tax return jumped from $42,515.77 in 2013 to $66,502.92 in 2021, signaling economic growth. A median home value increase from $87,200 in 2016 to $119,500 in 2022 suggests robust appreciation and relative affordability. Education trends also highlight smaller... Read more
Obion County Market Trends
Investors eyeing Obion County, Tennessee might find the local housing trends intriguing. The median home value, increasing from $87,200 in 2016 to $119,500 in 2022, suggests potential growth and affordability compared to broader state and national trends. The average residential energy tax credit peaking at $875.00 in 2021 could indicate rising interest in energy-efficient homes. Real estate... Read more
Median Value of Occupied Housing Units in Obion County, Tennessee Over the Last 8 Years
Investors eyeing Obion County, Tennessee might find the local housing trends intriguing. The median home value in Obion County saw a steady increase from $87,200 in 2016 to $119,500 in 2022. Comparatively, Tennessee's median values rose more sharply, jumping from $146,000 in 2016 to $232,100 in 2022. On a national level, the rise is also apparent but less dramatic than Tennessee's, with values moving from $128,500 in 2016 to $179,400 in 2022. This indicates potential for growth and could mean that Obion County presents a relatively affordable entry point for buyers and investors when looking at broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Obion County, TN Over the Last 8 Years
Over the past eight years, Obion County, Tennessee has seen fluctuating trends in the average residential energy tax credit claimed per tax return. Notably, the peak was in 2021 with an average of $875.00, suggesting that recent financial incentives for energy efficiency might be gaining traction. Prior to that, 2017 recorded the lowest average at $287.50, reflecting possible policy adjustments or shifts in homeowner priorities. These variations offer crucial insights for investors, real estate agents, and property developers, potentially influencing decisions on sustainable property developments and highlighting opportunities for maximizing energy tax benefits.
Average Real Estate Taxes Per Tax Return in Obion County, TN Over the Last 10 Years
The average real estate taxes per tax return in Obion County, Tennessee have generally seen an upward trend over the last decade, especially notable from 2018 onwards. Starting at around $1,368.42 in 2012, taxes have gradually increased, hitting $2,844.00 in 2021. This rise suggests a growing demand or increasing property values, which may be of interest to investors, real estate agents, and potential new residents. For appraisers and insurance agents, this trend could imply higher property appraisals and insurance premiums over time.
Percentage of Farm Returns in Obion County, TN Over the Last 10 Years
Obion County, Tennessee has seen a slight decrease in the percentage of farm tax returns over the last decade. In 2012, about 4.26% of tax returns were from farms, but by 2021, this number had dipped to around 3.42%. Farm tax returns, which represent tax filings from agricultural activities, can serve as a barometer for the vitality of farming in the area. This gradual downward trend might suggest a shift in the local economy or a change in the agricultural landscape, potentially influencing decisions for those considering investing, relocating, or developing property in the county.
Number of Mortgages by Occupancy Type in Obion County, TN Over the Last 5 Years in Obion County
The data from Obion County, Tennessee, highlights a consistent trend in the number of mortgages for principal residences, which have notably increased over the past five years, peaking in 2021. Investment properties show a fluctuating yet generally downward trend, while second residences maintain a low and steady count with minor increases. These changing patterns in occupancy types can impact property valuation, insurance assessments, and future real estate development. For investors and developers, the rising principal residence mortgages could signal robust demand for primary housing, whereas the fluctuating interest in investment properties might warrant a more cautious approach. Real estate agents and appraisers might benefit from focusing their efforts on the burgeoning market for principal residences, reflecting a potentially growing population or economic stability within the county.
Economic Outlook
Obion County, Tennessee has seen a significant rise in the average taxable income per tax return from $42,515.77 in 2013 to $66,502.92 in 2021, suggesting economic growth that could attract real estate investors. Fluctuating state and local income taxes, peaking at $21,600.00 in 2021, highlight variable economic conditions or tax policies that may impact property investments. Additionally, the average total tax liability per tax return has sharply increased, reaching $11,006.39 in 2021. These... Read more
Average Taxable Income per Tax Return in Obion County, TN over the last 9 years
Over the last nine years, Obion County, Tennessee has seen a notable increase in the average taxable income per tax return, jumping from $42,515.77 in 2013 to $66,502.92 in 2021. This growth may hint at economic development in the region, potentially making it an attractive location for investors and real estate professionals. This upward trend could also impact property valuation and insurance premiums, signaling a region on the rise.
Average State and Local Income Taxes Per Tax Return in Obion County, TN Over the Last 10 Years
Obion County, Tennessee has seen significant fluctuations in average state and local income taxes per tax return over the past decade, ranging from a low around $5,704.76 in 2017 to a notable high of $21,600.00 in 2021. Particularly striking is the sharp increase in the last two years, which nearly tripled from $7,350.00 in 2019 to $21,600.00 in 2021. These variances might indicate changing economic conditions or tax policies impacting residents. For potential investors, property developers, and real estate agents, understanding these trends could help in forecasting economic dynamics and evaluating the tax burden on future investments.
Average Total Tax Liability Per Tax Return in Obion County, TN Over the Last 10 Years
Over the past decade in Obion County, Tennessee, the average total tax liability per tax return has generally trended upward, with a noticeable spike in 2021 reaching $11,006.39. This sharp increase could reflect changing economic conditions or tax policies. For those investing in or moving to the area, fluctuating and rising tax liabilities might affect property appraisals and insurance rates. Real estate agents and builders may find this data valuable for forecasting market trends and advising clients on potential costs.
Cost of Living in Obion County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $943 | $1,315 | $1,867 | $969 | $651 |
| 1 adult 4 children | $943 | $1,074 | $1,428 | $969 | $663 |
| 2 adults 3 children | $943 | $1,074 | $1,620 | $969 | $496 |
| 1 adult 3 children | $943 | $877 | $1,181 | $969 | $473 |
| 2 adults 2 children | $747 | $879 | $1,372 | $858 | $470 |
| 1 adult 2 children | $747 | $657 | $933 | $858 | $392 |
| 2 adults 1 child | $747 | $695 | $1,125 | $500 | $496 |
| 1 adult 1 child | $747 | $449 | $686 | $500 | $402 |
| 2 adults | $622 | $558 | $877 | $0 | $462 |
| 1 adult | $543 | $305 | $439 | $0 | $394 |
Safety trends & Data
The property crime trends in Obion County, Tennessee, over the past five years indicate varying patterns. Larceny-theft peaked at 184 instances in 2018 and dropped to 117 in 2020, before showing a slight rebound. Burglary incidents spiked to 40 in 2020 but generally stayed below that. Vandalism is on a rising trend with 47 cases reported in 2021, while embezzlement remains low and stable. These fluctuations might influence investment decisions, property valuations, and insurance premiums,... Read more
Property Crime Trends in Obion County, TN Over the Last 5 Years
The property crime trends in Obion County, Tennessee, over the past five years highlight some interesting patterns. The most consistent crime is larceny-theft, peaking at 184.00 instances in 2018 and falling to the lowest at 117.00 in 2020, yet slightly rebounding in later years. Burglary rates also show variability, spiking to 40.00 incidents in 2020 but generally staying below that mark. Vandalism appears to be on a rising trend, with 47.00 cases reported in 2021. On a positive note, embezzlement numbers seem to be relatively low and stable, fluctuating minimally. These trends could inform investment decisions, affect property valuations, and shape insurance premiums, making them crucial for prospective property buyers, real estate agents, and insurers.
Demographics
Obion County, Tennessee, has an adult population split closely between males and females, with slightly more females. Educational attainment varies, with a large portion holding a high school diploma or equivalent and a significant number having attended some college without earning a degree. The age distribution reveals a sizeable older population, particularly in the 55 to 64 and 65 to 74 age brackets. Racially, the county is predominantly White, with a small but notable Black or African... Read more
Race Distribution in Obion County, Tennessee (2022)
Educational Attainment in Obion County, Tennessee (2022)
Age Distribution in Obion County, Tennessee
Citizen Population in Obion County, Tennessee (2022)
Political Trends & Data
In Obion County, Tennessee, the 2020 U.S. Presidential Election results might indicate a notably strong Republican preference, with nearly 80% of the vote potentially going to Republican candidates. Democrats appeared to garner just over 19%, and third-party candidates seemingly had minimal impact. This significant lean towards Republican votes could offer insights into the county's broader political climate and its potential influence on state-level... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Obion County, Tennessee, the 2020 U.S. Presidential Election results suggest a strong Republican preference, with nearly 80% of the votes possibly going to the Republican party. Democrats appeared to capture just over 19%, while third-party candidates seem to have had minimal impact. This notable skew towards Republican votes might provide insights into the county's political leanings and influence on state-level results.
79.80% of voters voted for the Republican party in the 2020 Presidential Election
19.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.05% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Obion County, Tennessee, has experienced a gradual decline in its student-to-teacher ratio, dropping from just over 14 students per teacher in 2014 to about 12 in 2023. Falling below the national average of 14 students per teacher, this trend might signal a more personalized educational experience, potentially enhancing the quality of education. These favorable ratios could appeal to families considering relocation, potentially impacting local real estate trends... Read more
Student-to-teacher ratio in Obion County, Tennessee over the last 10 years
Over the past decade, Obion County, Tennessee, has seen a gradual decline in its student-to-teacher ratio, dipping from just over 14 students per teacher in 2014 to about 12 in 2023. Compared to the national average of 14 students per teacher, Obion County's ratios have been more favorable, particularly in the last few years. For potential investors, new residents, and those involved in education, this trend could signal a more personalized educational experience for students, potentially enhancing the quality of education. Real estate agents, appraisers, and insurance agents might also find this information useful as lower student-to-teacher ratios can be an attractive feature for families considering relocation.
