Overton County Real Estate and Livability Trends
Overton County, Tennessee has experienced notable economic and real estate changes. Average taxable income has surged from $37,350.58 in 2013 to $52,762.51 in 2021, potentially reflecting a stronger local economy. Real estate taxes nearly doubled, from $1,227.17 in 2012 to $2,538.89 in 2021, increasing financial commitments for homeowners. Median home values rose steadily, offering affordability... Read more
Overton County Market Trends
Overton County, Tennessee has seen a consistent rise in median home values, from $101,300 in 2015 to $156,000 in 2022, offering a more affordable alternative compared to the state median. The average residential energy tax credit per tax return has grown from $250.00 in 2014 to $340.00 in 2021, indicating potentially increasing energy-efficient home improvements. Average real estate taxes per tax... Read more
Median Value of Occupied Housing Units in Overton County, Tennessee Over the Last 8 Years
Overton County, Tennessee has seen a consistent rise in median home values, climbing from $101,300 in 2015 to $156,000 in 2022. Although these values are lower compared to the state median, which grew from $142,100 to $232,100 during the same period, they offer a more affordable alternative for homebuyers. This growth trend, albeit at a slower pace than the Tennessee average and national figures—which saw an increase from $125,500 to $179,400—suggests potential for value appreciation, making Overton County a compelling option for investment or relocation within the broader affordable housing market in Tennessee.
Residential Energy Tax Credit Per Tax Return in Overton County, TN Over the Last 8 Years
Over the past eight years, Overton County, Tennessee has seen fluctuations in the average residential energy tax credit per tax return. Notable is the growth trend from $250.00 in 2014 to $340.00 in 2021, potentially indicating increasing adoption of energy-efficient home improvements. This trend is likely of interest to real estate agents, insurance agents, and appraisers, as it may point to growing property values and energy-conscious investments within the county. Homebuilders and investors might see this as a burgeoning market for energy-efficient homes, and those planning to move to the area could benefit from potential savings on energy costs.
Average Real Estate Taxes Per Tax Return in Overton County, TN Over the Last 10 Years
Over the past decade, Overton County, Tennessee, has seen a notable uptick in average real estate taxes per tax return, growing from approximately $1,227.17 in 2012 to around $2,538.89 in 2021. This sharp rise, particularly between 2016 and 2018, might be significant for potential investors and property developers considering the financial commitment tied to real estate in this area. The consistent increase in tax values could also influence appraisals and insurance assessments, making it crucial for buyers, real estate agents, and current residents to stay informed about these evolving costs.
Percentage of Farm Returns in Overton County, TN Over the Last 10 Years
The percentage of farm returns in Overton County, Tennessee, has shown a slight but consistent downtrend over the last decade, dropping from approximately 11.95% in 2012 to roughly 9.90% in 2021. This could indicate a gradual shift away from farming activities or changes in the economic viability of farming in the area. Farm tax returns are essentially tax filings from agricultural activities, providing a window into economic health and viability for farms. This data could be invaluable for investors, potential property developers, and residents interested in the local agricultural economy's future. Understanding these trends can help guide decisions related to agricultural investments, land use, and community planning.
Number of Mortgages by Occupancy Type in Overton County, TN Over the Last 5 Years in Overton County
Overton County, Tennessee has experienced noticeable fluctuations in mortgage counts by occupancy type over the last five years. Principal residences dominate the figures, with a peak in 2021 at 991 mortgages, indicating potential demand for family housing or long-term stable living arrangements. Investment properties show milder growth, from 13 in 2018 to 30 in 2022, suggesting a gradual interest in rental or flip opportunities. Second residences remain relatively stable, pointing to moderate interest in vacation or secondary homes. These trends might matter for investors seeking lucrative rental yields, real estate agents targeting different buyer segments, and appraisers and insurance agents who need to assess market risk and property values. Anticipating shifts in these categories could inform strategic decisions for those looking to build, buy, or invest in Overton County.
Economic Outlook
Overton County, Tennessee has seen a steady increase in average taxable income per tax return, growing from $37,350.58 in 2013 to $52,762.51 in 2021. Meanwhile, average state and local income taxes in the county have fluctuated significantly, with a notable spike from $3,800.00 in 2017 to $7,800.00 in 2021. The total tax liability has also shown a general upward trend, rising from $4,748.92 in 2012 to $7,068.64 in 2021. These economic shifts may appeal to investors and real estate developers,... Read more
Average Taxable Income per Tax Return in Overton County, TN over the last 9 years
Overton County, Tennessee has experienced a notable increase in its average taxable income per tax return over the last nine years, rising from roughly $37,350.58 in 2013 to about $52,762.51 in 2021. This gradual incline indicates growing economic health and could make the area more appealing for investors and those considering relocating. Appraisers and real estate agents might find this beneficial when assessing property values, while insurance agents may need to adjust their models to account for the area's improving financial landscape. Additionally, this steady growth could inspire confidence among developers looking to build property in Overton County.
Average State and Local Income Taxes Per Tax Return in Overton County, TN Over the Last 9 Years
Over the past nine years, average state and local income taxes per tax return in Overton County, Tennessee show noticeable fluctuations, ranging from a low of $3,800.00 in 2017 to a significant high of $7,800.00 in 2021. The most dramatic increase is observed between 2019 and 2021, potentially reflecting changes in local tax policies or economic conditions. Investors, appraisers, and real estate agents might consider these trends indicative of shifts in economic resilience or local government adjustments, impacting both cost of living and potential tax liabilities for residents and businesses.
Average Total Tax Liability Per Tax Return in Overton County, TN Over the Last 10 Years
Overton County, Tennessee has seen a noticeable increase in the average total tax liability per tax return over the past decade. Starting at $4,748.92 in 2012, there has been a general upward trend, peaking sharply at $7,068.64 in 2021. Although there were minor dips, the overall pattern suggests a rising financial obligation for residents. These figures may signal growing economic activities or shifts in tax policies, which could be critical insights for potential investors, real estate developers, and financial planners considering ventures in the area.
Cost of Living in Overton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,000 | $1,436 | $1,874 | $969 | $745 |
| 1 adult 4 children | $1,000 | $1,172 | $1,434 | $969 | $776 |
| 2 adults 3 children | $1,000 | $1,173 | $1,625 | $969 | $564 |
| 1 adult 3 children | $1,000 | $958 | $1,185 | $969 | $560 |
| 2 adults 2 children | $747 | $960 | $1,377 | $858 | $515 |
| 1 adult 2 children | $747 | $717 | $937 | $858 | $439 |
| 2 adults 1 child | $747 | $759 | $1,129 | $500 | $534 |
| 1 adult 1 child | $747 | $490 | $689 | $500 | $433 |
| 2 adults | $661 | $610 | $880 | $0 | $503 |
| 1 adult | $609 | $332 | $440 | $0 | $435 |
Safety trends & Data
Property crime trends in Overton County, Tennessee reveal that burglary incidents have decreased since 2018, aligning with an overall reduction in severe property crimes. Larceny-theft spiked dramatically in 2020 to 37.00 but otherwise stayed relatively stable. Motor vehicle theft, vandalism, and fraud show no clear trends, presenting a mixed yet manageable landscape for real estate investors and residents. This variable crime data underscores the importance for appraisers and insurance agents... Read more
Property Crime Trends in Overton County, TN Over the Last 5 Years
Property crime trends in Overton County, Tennessee over the last five years reveal interesting fluctuations. Burglary incidents have decreased since 2018, consistent with an overall reduction in severe property crimes. Larceny-Theft peaked dramatically in 2020 at 37.0 but otherwise remained relatively stable. Motor vehicle theft, vandalism, and fraud show no clear upward or downward trends, highlighting a mixed but manageable landscape for potential investors, real estate professionals, and residents looking into the area's safety and economic vitality. This nuanced view of crime data underscores the importance for appraisers and insurance agents to factor in the variability and specificity of different crime types when evaluating property in Overton County.
Demographics
Overton County, Tennessee, appears to have a slightly higher female population than male with a fairly balanced gender ratio. Educational attainment leans heavily towards high school graduates, indicating potential focus areas for higher education initiatives. The largest segments of the population are in the 45-64 age range, suggesting a mature demographic that might require specific health and social services. The racial composition is predominantly White, which may influence cultural and... Read more
Race Distribution in Overton County, Tennessee (2022)
Educational Attainment in Overton County, Tennessee (2022)
Age Distribution in Overton County, Tennessee
Citizen Population in Overton County, Tennessee (2022)
Political Trends & Data
Overton County, Tennessee, experienced a noticeable trend toward Republican support in the 2020 U.S. Presidential Election, with an estimated 79.00 percent of votes potentially cast for the Republican candidate. Democratic votes seemed to tally around 20.00 percent. The preference for established political parties appeared evident, as minor parties like the Libertarian and Green failed to make a significant... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Overton County, Tennessee, might have shown a strong leaning toward the Republican Party in the 2020 U.S. Presidential Election, with an estimated 79 percent of the votes possibly going Republican. Democratic support could have hovered around 20 percent, suggesting a significant gap between the two dominant parties. Minor parties like the Libertarian and Green parties appeared to have negligible support, possibly indicating a clear preference for the more established political parties in this region.
78.89% of voters voted for the Republican party in the 2020 Presidential Election
20.26% of voters voted for the Democrat party in the 2020 Presidential Election
0.86% of voters voted for the Other party in the 2020 Presidential Election
School Data
Overton County, Tennessee has seen its student-to-teacher ratio fluctuate from 13 students per teacher in 2022 to 18 in 2021, compared to the U.S. average of 14. These changes could impact property values and marketability, as lower ratios might attract families prioritizing education, potentially boosting demand. Higher ratios might suggest overburdened school resources, potentially affecting appraisal values and insurance assessments. This information is vital for real estate agents,... Read more
Student-to-teacher ratio in Overton County, Tennessee over the last 10 years
Overton County, Tennessee has experienced fluctuations in its student-to-teacher ratio over the last decade, with numbers ranging from a low of 13 students per teacher in 2022 to a high of 18 students per teacher in 2021. Compared to the U.S. national average of 14 students per teacher, Overton County often leans towards higher ratios, potentially indicating larger class sizes and differing pressures on educational infrastructure. Changes in occupancy type, signaled by variations in the student-to-teacher ratio, could impact property values and marketability. A lower ratio might appeal to families prioritizing education, while a higher ratio could signal overburdened school resources, impacting appraisal values and insurance assessments. This data can be crucial for real estate agents, investors, and builders in making informed decisions about where and how to invest in or develop properties.
