Pickett County Real Estate and Livability Trends
In Pickett County, Tennessee, median home values have surged from $106,700 in 2015 to $149,300 in 2022, offering more affordable investment opportunities compared to the state median of $232,100. Additionally, final real estate taxes per tax return nearly doubled over the decade, which might be indicative of property value increases or changes in tax policies. The percentage of farm tax returns... Read more
Pickett County Market Trends
In Pickett County, Tennessee, median home values soared from $106,700 in 2015 to $149,300 in 2022, presenting affordable investment opportunities compared to the state median of $232,100. Final real estate taxes per tax return nearly doubled over a decade, reflecting possible property value increases or tax policy changes. Energy-efficient home improvements are gaining traction, evidenced by a... Read more
Median Value of Occupied Housing Units in Pickett County, Tennessee Over the Last 8 Years
For those looking to invest in or relocate to Pickett County, Tennessee, the median home values have experienced substantial growth over the past eight years, rising from $106,700 in 2015 to $149,300 in 2022. Although this growth is impressive, Pickett County's housing prices remain significantly below both the state median of Tennessee, which surged to $232,100 in 2022, and the national median of $179,400. This suggests that Pickett County may offer advantageous opportunities for homebuyers seeking more affordable options relative to broader market trends. Investors might find this region particularly appealing given the potential for appreciation in a comparatively less expensive market.
Residential Energy Tax Credit Per Tax Return in Pickett County, TN Over the Last 2 Years
The average residential energy tax credit per tax return in Pickett County, Tennessee showed a noticeable increase from $200.00 in 2013 to $250.00 in 2014. This may indicate a growing trend towards energy-efficient home improvements, which can be attractive to potential homebuyers and investors. Increased incentives could also influence appraisals and insurance considerations, as energy-efficient properties might hold higher value and reduced risk. For real estate agents, highlighting these benefits could be crucial in the selling process, while builders might see a new market demand for energy-efficient constructions.
Average Real Estate Taxes Per Tax Return in Pickett County, TN Over the Last 10 Years
Pickett County, Tennessee, has experienced a steady rise in average real estate taxes per tax return over the past decade, jumping from approximately $1,389.29 in 2012 to $2,775.00 in 2021. Notably, there was a sharp increase between 2017 and 2018, with taxes rising by over $500 in just one year. This trend might suggest growing property values or a shift in local tax policies, making the area potentially attractive for those considering the long-term appreciation of their investment. However, higher taxes could also be a consideration for potential homeowners and investors weighing the cost-effectiveness of their real estate investments in the region.
Percentage of Farm Returns in Pickett County, TN Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Pickett County, Tennessee has shown a slight downward trend. In 2012, the percentage was approximately 18.23%, which decreased to around 13.44% by 2021. Farm tax returns indicate how many taxpayers in the area are involved in agricultural activities, making these trends relevant for those interested in the local economy. The decreasing percentage could point to changes in the agricultural landscape, shifts in local economic activities, or even demographic changes. This could matter for potential investors or new residents looking to understand the economic health and lifestyle of the region.
Number of Mortgages by Occupancy Type in Pickett County, TN Over the Last 5 Years in Pickett County
Changes in occupancy types in Pickett County, Tennessee over the last five years show a dynamic real estate market. Principal residencies consistently dominate mortgage counts, with notable fluctuations; 2020 saw a peak at 148 mortgages, contrasting with 85 in 2018. Second residences and investment properties present more variability: second residences peaked in 2020 at 46, while investment property mortgages consistently lag, reaching a high of 9 in 2022. Such shifts in occupancy types could be indicative of broader economic trends and shifts in local demographics, impacting everything from property appraisals to insurance premiums. Investors and real estate agents might find these patterns concerning stability and demand essential for strategic planning and risk assessment.
Economic Outlook
Pickett County, Tennessee's real estate market provides an intriguing case study for economic variability. From an average taxable income peak at $49,079.44 in 2017 to a significant rise to $57,856.25 by 2021, the income trends highlight shifting economic conditions that may interest those in real estate and investment. Meanwhile, state and local income taxes have also shown consistent fluctuations, with values ranging from $8,075.00 in 2012 to as low as $3,566.67 in 2014, before a gradual... Read more
Average Taxable Income per Tax Return in Pickett County, TN over the last 9 years
The average taxable income per tax return in Pickett County, Tennessee has shown some fluctuation over the last nine years, most notably with a peak at $49,079.44 in 2017 and a subsequent drop the following year. By 2021, the income saw a significant jump to $57,856.25. These variations may suggest evolving economic conditions, attracting interest from investors or real estate professionals looking to understand the financial landscape in Pickett County.
Average State and Local Income Taxes Per Tax Return in Pickett County, TN Over the Last 6 Years
Over the last six years, Pickett County, Tennessee has shown notable variability in average state and local income taxes per tax return, fluctuating from a high of $8,075.00 in 2012 to a lower mark of $3,566.67 in 2014. After 2014, there is a gradual increase again, with the value reaching $5,500.00 by 2017. These trends may suggest economic instability or shifting tax policies impacting residents' disposable income. This information could be particularly important for potential investors, real estate agents, or insurance personnel evaluating the financial landscape and forecasting future economic conditions in the county.
Average Total Tax Liability Per Tax Return in Pickett County, TN Over the Last 10 Years
Pickett County, Tennessee has shown significant fluctuations in average total tax liability per tax return over the last decade. Notably, 2014 experienced a spike at $10,414.00, considerably higher than other years. While the general trend saw highs and lows, years like 2013 and 2017 also saw substantial increases with $6,932.41 and $9,361.78 respectively. More recent years like 2021 reflect another upward trend with an average liability of $8,927.17. These trends may indicate varying economic factors impacting residents and could be particularly significant for investors, real estate agents, and insurance agents analyzing the market.
Cost of Living in Pickett County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $948 | $1,440 | $1,874 | $969 | $726 |
| 1 adult 4 children | $948 | $1,176 | $1,434 | $969 | $750 |
| 2 adults 3 children | $948 | $1,176 | $1,625 | $969 | $548 |
| 1 adult 3 children | $948 | $960 | $1,185 | $969 | $532 |
| 2 adults 2 children | $779 | $963 | $1,377 | $858 | $522 |
| 1 adult 2 children | $779 | $719 | $937 | $858 | $445 |
| 2 adults 1 child | $779 | $761 | $1,129 | $500 | $539 |
| 1 adult 1 child | $779 | $492 | $689 | $500 | $435 |
| 2 adults | $618 | $611 | $880 | $0 | $486 |
| 1 adult | $614 | $333 | $440 | $0 | $427 |
Safety trends & Data
Pickett County, Tennessee has experienced notable shifts in property crime trends over the past five years. Burglary incidents spiked in 2021 before declining sharply in 2022, while larceny-theft has generally been on the decline since 2018. Motor vehicle theft and arson levels stay relatively low, hinting at a targeted focus on specific property crimes. These trends could be key for new movers, insurers, and real estate professionals in assessing investment risks and community... Read more
Property Crime Trends in Pickett County, TN Over the Last 5 Years
Pickett County, Tennessee has seen fluctuating trends in property crimes over the last five years, with burglary incidents rising to a peak in 2021 and then declining sharply in 2022. Larceny-theft incidents have generally decreased since 2018, indicating a possible improvement in overall property security. Conversely, the incidence of motor vehicle theft and arson remains relatively low. These patterns could suggest a targeted focus on specific types of property crimes, which may influence investment decisions and risk assessments for new movers, insurers, and real estate professionals.
Demographics
Pickett County, Tennessee shows a nearly even gender distribution with males and females each accounting for approximately half of the adult population. Educational attainment trends indicate that a significant portion of the population has at least a high school diploma, though the number of residents holding a bachelor's degree or higher is relatively modest. Age distribution reveals a balanced spread across various age groups, with a notable proportion of residents aged 65 and older. Racial... Read more
Race Distribution in Pickett County, Tennessee (2022)
Educational Attainment in Pickett County, Tennessee (2022)
Age Distribution in Pickett County, Tennessee
Citizen Population in Pickett County, Tennessee (2022)
Political Trends & Data
Pickett County, Tennessee, displayed a pronounced Republican preference in the 2020 U.S. Presidential Election, with over 81% of the vote going to the GOP. Democratic support was much lesser at around 18%, and third-party candidates garnered less than 1%. This strong Republican inclination could influence local policies, community initiatives, and real estate development trends, aligning somewhat with the broader tendencies seen in similar rural... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pickett County, Tennessee, saw a significant skew toward the Republican party in the 2020 U.S. Presidential Election, with over 81% of the vote. Democratic support was considerably lower at roughly 18%, while third-party and other candidates barely made a dent, collectively securing less than 1%. This data suggests a heavily Republican leaning in this particular county, reflecting broader trends that may be observed in similar regions.
81.24% of voters voted for the Republican party in the 2020 Presidential Election
17.91% of voters voted for the Democrat party in the 2020 Presidential Election
0.85% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pickett County, Tennessee has maintained a student-to-teacher ratio around the national average of 14:1, dipping to twelve students per teacher in 2018. This stability might indicate consistent educational funding and resource allocation, appealing to investors, builders, and real estate agents. For families, slightly smaller class sizes could enhance the perceived quality of education, indirectly reflecting community stability and investment in public services, which is also crucial... Read more
Student-to-teacher ratio in Pickett County, Tennessee over the last 10 years
Over the past decade, Pickett County, Tennessee has seen a relatively stable student-to-teacher ratio, mostly hovering around the national average of 14 students per teacher. Notably, there were lower ratios between 2017 and 2019, with the county reaching a low of twelve students per teacher in 2018. For potential investors, builders, and real estate agents, this steady ratio is critical as it may indicate consistent educational funding and resource allocation. For families considering a move, the slightly smaller class sizes may seem appealing compared to other areas, potentially enhancing the perceived quality of education. This information also serves appraisers and insurance agents by indirectly reflecting community stability and investment in public services.
