Putnam County Real Estate and Livability Trends
Putnam County, Tennessee, shows intriguing real estate market trends with a peak in average taxable income at $70,248.33 in 2021, hinting at stable economic growth. Median home values soared from $144,600 in 2015 to $221,200 in 2022, significantly outpacing national trends, while real estate taxes rose from $2,019.47 in 2012 to $3,736.04 in 2021, suggesting appreciating property values. The surge... Read more
Putnam County Market Trends
Putnam County, Tennessee, has experienced a notable surge in median home values, jumping from $144,600 in 2015 to $221,200 in 2022, outpacing the national average increase. The county also shows a marked interest in energy-efficient homes, highlighted by the 2018 spike in residential energy tax credits. Real estate taxes have significantly risen, from $2,019.47 in 2012 to $3,736.04 in 2021,... Read more
Median Value of Occupied Housing Units in Putnam County, Tennessee Over the Last 8 Years
Putnam County, Tennessee, has seen a significant jump in median home values over the past eight years. From $144,600 in 2015 to $221,200 in 2022, the county's market outpaces the national average rise, which moved from $125,500 to $179,400 in the same period. Interestingly, Putnam County’s values have closely paralleled trends in Tennessee, which saw values rise from $142,100 to $232,100. Potential investors and residents might find this region especially appealing due to its competitive and growing market, suggesting a robust demand for housing.
Residential Energy Tax Credit Per Tax Return in Putnam County, TN Over the Last 9 Years
Putnam County, Tennessee, has seen some interesting trends in residential energy tax credits per tax return over the last nine years. Notably, there was a significant spike in 2018, reaching an average of $925.00, which might suggest a push for more energy-efficient home improvements during that year. While 2019 showed a decline to $529.41, the trend overall has generally increased since 2016, hinting at a growing emphasis on sustainable living among residents. For real estate agents and investors, this could indicate a rising demand for energy-efficient homes. Appraisers and insurance agents might also find it useful to consider these values when assessing property prices and insurance premiums.
Average Real Estate Taxes Per Tax Return in Putnam County, TN Over the Last 10 Years
Over the past decade, Putnam County, Tennessee, has seen a noticeable rise in average real estate taxes per tax return. Starting at roughly $2,019.47 in 2012, the amount has gradually increased to approximately $3,736.04 by 2021. The most significant jump occurred between 2017 and 2018, with a spike from $2,331.70 to $3,227.05. This trend could suggest a growing real estate market or increasing property valuations. This might be an important consideration for potential investors, homebuyers, and real estate professionals navigating the county's evolving economic landscape.
Percentage of Farm Returns in Putnam County, TN Over the Last 10 Years
Putnam County, Tennessee has seen a gradual decline in the percentage of farm returns over the last decade, dropping from around 3.59% in 2012 to roughly 2.78% in 2021. Despite a slight uptick in 2021, the overall trend suggests a consistent decrease. Farm tax returns indicate the number of filings from farm-related income, and this declining trend might suggest a shift away from agriculture-based industry or changes in local economic structures. For investors, developers, or those considering moving to Putnam County, this trend could imply evolving economic conditions and a potential reduction in agricultural activity.
Number of Mortgages by Occupancy Type in Putnam County, TN Over the Last 5 Years in Putnam County
In Putnam County, Tennessee, the mortgage landscape over the past five years reveals that principal residences account for the majority of mortgage activity, consistently outpacing both investment and second residences. Interestingly, the number of principal residence mortgages peaked in 2021 but showed a notable decrease by 2022. This dynamic matters to investors and real estate agents because a higher proportion of investment properties might indicate potential rental income opportunities or speculative buying trends. For appraisers and insurance agents, understanding these shifts can impact property valuations and risk assessments. Builders and those looking to move should consider that changes in occupancy types might reflect evolving preferences in living arrangements, influencing market demand and development planning.
Economic Outlook
Putnam County, Tennessee, showcases an upward trajectory in average taxable income, peaking at $70,248.33 in 2021—a trend hinting at stable economic growth and an appealing scenario for real estate investors. The average state and local income taxes per return surged to $15,752.94 in 2021, marking significant fluctuation over the past decade. This volatility may offer insights into the county's evolving economic policies or demographic changes. Additionally, the average total tax liability... Read more
Average Taxable Income per Tax Return in Putnam County, TN over the last 9 years
Putnam County, Tennessee has seen a general upward trend in average taxable income per tax return over the past nine years, reaching $70,248.33 in 2021. Notably, 2019's peak at $63,155.69 and a dip in 2020 to $58,290.51 suggest some variability, potentially influenced by broader economic factors. This increasing average income indicates the county’s potential for stable economic growth, making it an attractive location for investors, new residents, real estate development, and appraisal opportunities. Insurance agents should note the higher income levels, which might correlate with increased insurable values.
Average State and Local Income Taxes Per Tax Return in Putnam County, TN Over the Last 10 Years
Over the last decade in Putnam County, Tennessee, the average state and local income taxes per tax return fluctuated significantly, with notable highs and lows. After a dip in 2013 at $6,225.81, values varied, escalating dramatically in 2021 to $15,752.94. This volatility may indicate an evolving economic landscape, potentially influenced by changes in local economic policies or demographic shifts. Such trends could be crucial for investors, realtors, and insurers who need to anticipate financial burdens and market stability.
Average Total Tax Liability Per Tax Return in Putnam County, TN Over the Last 10 Years
Over the past decade, Putnam County, Tennessee has seen a steady increase in average total tax liability per tax return, with notable jumps in 2019 ($11,419.10) and 2021 ($12,055.85). This generally upward trend may suggest economic growth or changes in income levels that could impact property values, making it essential information for potential investors, real estate agents, and those considering relocating to the area. While the slight fluctuations in specific years, such as the dip in 2018 ($9,547.60), add nuance to the financial landscape, the overall increase could affect appraisals, insurance rates, and investment strategies.
Cost of Living in Putnam County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,154 | $1,492 | $1,874 | $1,065 | $795 |
| 1 adult 4 children | $1,154 | $1,218 | $1,434 | $1,065 | $859 |
| 2 adults 3 children | $1,154 | $1,219 | $1,625 | $1,065 | $621 |
| 1 adult 3 children | $1,154 | $995 | $1,185 | $1,065 | $623 |
| 2 adults 2 children | $844 | $998 | $1,377 | $962 | $541 |
| 1 adult 2 children | $844 | $745 | $937 | $962 | $468 |
| 2 adults 1 child | $844 | $789 | $1,129 | $629 | $566 |
| 1 adult 1 child | $844 | $509 | $689 | $629 | $463 |
| 2 adults | $641 | $633 | $880 | $0 | $479 |
| 1 adult | $637 | $346 | $440 | $0 | $424 |
Safety trends & Data
Putnam County, Tennessee's real estate market may be positively influenced by a significant drop in property crime over the past five years. Larceny and theft cases have slumped from 498 in 2018 to 202 in 2022, while burglary incidents fell from 63 to just 15. Although vandalism saw a slight uptick, with cases peaking at 45 in 2021 before decreasing to 29 in 2022, other crimes like motor vehicle theft, fraud, and forgery have also generally declined. This overall reduction in property crime... Read more
Property Crime Trends in Putnam County, TN Over the Last 5 Years
Putnam County, Tennessee has seen a notable fluctuation in property crime over the last five years. Larceny and theft have massively decreased from a high of 498 cases in 2018 to 202 cases in 2022. Burglary incidents plunged from 63 in 2018 to just 15 in 2022. However, cases of vandalism were relatively stable, with a slight increase from 34 in 2018 to 45 in 2021 before settling at 29 in 2022. Motor vehicle theft, fraud, and forgery have all generally declined, though not as steeply as other crime categories. This overall downward trend in property crimes could be attractive to potential residents and investors, signaling improved community safety and possibly boosting property values.
Demographics
Putnam County, Tennessee has a fairly balanced gender distribution among its adult population with males and females almost equal in number. This balance could influence various aspects of community life, from healthcare needs to educational resources. Regarding educational attainment, a significant portion of the community has achieved at least a high school diploma, but there is room for enhancing higher education levels, particularly among those with some college but no degree. The age... Read more
Race Distribution in Putnam County, Tennessee (2022)
Educational Attainment in Putnam County, Tennessee (2022)
Age Distribution in Putnam County, Tennessee
Citizen Population in Putnam County, Tennessee (2022)
Political Trends & Data
Putnam County, Tennessee, exhibited a pronounced Republican preference in the 2020 U.S. Presidential Election, with the GOP likely clinching over 70% of votes. The Democrats received an estimated 27%, while third-party candidates barely made a dent, together accounting for just about 2%. This strong Republican leaning could potentially influence local real estate trends, as political climate often correlates with development priorities and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Putnam County, Tennessee, the 2020 U.S. Presidential Election saw a significant lean toward the Republican party, which potentially secured over 70% of the votes. The Democratic vote share was likely around 27%, while other parties, such as Libertarian and Green, had negligible impact. The "Other" category captured a minimal 2% of the votes.
70.73% of voters voted for the Republican party in the 2020 Presidential Election
27.34% of voters voted for the Democrat party in the 2020 Presidential Election
1.93% of voters voted for the Other party in the 2020 Presidential Election
School Data
Putnam County, Tennessee's student-to-teacher ratio has seen fluctuation over the past decade, peaking at nearly 23 in 2023. This is notably above the national average of 14 students per teacher and may worry those who prioritize smaller class sizes. Potential investors, real estate agents, and families should consider how these higher ratios might impact educational quality and property values. Appraisers and insurance agents might view these trends as indicators of broader socio-economic... Read more
Student-to-teacher ratio in Putnam County, Tennessee over the last 10 years
Putnam County, Tennessee has seen notable fluctuations in its student-to-teacher ratio over the past decade, peaking at nearly 23 in 2023, which could be a concern for those prioritizing smaller class sizes. For much of this period, the ratio hovered around 15 to 17, but the recent spike puts current numbers well above the national average of 14 students per teacher. This is particularly relevant for potential investors, real estate agents, and families considering a move to the area, as higher student-to-teacher ratios might impact educational quality and, consequently, property values. Appraisers and insurance agents could find these trends indicative of broader socio-economic factors that affect the desirability and risk profile of the region.
