Roane County Real Estate and Livability Trends
Roane County, Tennessee has seen notable real estate trends. Median home values have risen from $120,000 in 2015 to $193,400 in 2022, outpacing national trends and hinting at its appeal for investors. The area may be experiencing shifting economic conditions, with real estate taxes per return jumping from $2,193.12 in 2012 to $3,738.46 in 2021 and a slight decline in farm tax returns. The rise in... Read more
Roane County Market Trends
Roane County, Tennessee's median home values have surged from $120,000 in 2015 to $193,400 in 2022. Comparatively, this growth is slightly more modest than Tennessee's state average but still outpaces national trends, potentially making it an attractive spot for investors. Energy tax credits saw a remarkable spike in 2018, jumping from $248.28 to $2,150.00, possibly indicating a local push... Read more
Median Value of Occupied Housing Units in Roane County, Tennessee Over the Last 8 Years
Over the past eight years, median home values in Roane County, Tennessee have consistently increased from $120,000 in 2015 to $193,400 in 2022. Compared to Tennessee’s state average, which jumped from $142,100 to $232,100 during the same period, Roane County’s growth appears slightly more tempered but still robust. Nationally, median home values rose from $125,500 to $179,400, indicating that while Roane County's values were a bit lower initially, the recent surge surpasses the national growth rate. This trend could be of interest to investors looking for promising areas or potential residents seeking appreciating property values in Roane County.
Residential Energy Tax Credit Per Tax Return in Roane County, TN Over the Last 9 Years
Roane County, Tennessee has seen significant fluctuation in average residential energy tax credits per tax return over the last nine years. After starting with $248.28 in 2013, a noticeable jump occurred in 2018 to $2,150.00, potentially indicating a surge in energy-efficient home improvements or changes in tax policies. Though the average leveled down in subsequent years, it remained higher than the initial years, reflecting perhaps a continued interest in energy efficiency among homeowners. This trend might be particularly interesting for investors, real estate agents, and potential homebuyers looking to understand local tax incentives and the county's push towards sustainable living.
Average Real Estate Taxes Per Tax Return in Roane County, TN Over the Last 10 Years
Over the past decade, real estate taxes per return in Roane County, Tennessee have shown a notable upward trend. Starting at approximately $2,193.12 in 2012, the average tax amount saw a consistent rise, reaching about $3,738.46 in 2021. This steady increase, especially the significant jump between 2017 and 2018, may suggest a shift in the local real estate market, potentially influencing decisions for investors, homebuyers, and property developers. Understanding these patterns could be essential for real estate agents and insurance agents looking to appraise property values or assess investment opportunities in the area.
Percentage of Farm Returns in Roane County, TN Over the Last 10 Years
In Roane County, Tennessee, the percentage of farm tax returns has slightly fluctuated over the past decade, starting at approximately 2.26% in 2012 and declining to around 1.91% in 2021. These returns provide a snapshot of the agricultural sector's economic footprint in the area, hinting at both the stability and challenges faced by local farming communities. For potential investors or property developers, this trend may suggest a need to assess the broader agricultural business climate and its integration with the region’s economic fabric. Farm tax returns are essential for understanding the financial landscape of farming enterprises, including incomes, expenses, and potential profitability, thus offering valuable insights into the viability and sustainability of agricultural investments in Roane County.
Number of Mortgages by Occupancy Type in Roane County, TN Over the Last 5 Years in Roane County
Roane County, Tennessee, has seen a significant uptick in the number of mortgages for principal residences over the past five years, peaking at 3,965 in 2021. Investment properties and second residences, meanwhile, show a more modest and steady increase, with investment property mortgages rising from 93 in 2019 to 141 in 2022. This evolving landscape indicates a robust residential market, likely driven by a growing population or increased desirability of the area. Changes in occupancy type may signal shifts in market dynamics, potentially impacting property values, rental demands, and insurance risks, all critical factors for investors, appraisers, and insurance agents to consider.
Economic Outlook
The average taxable income per tax return in Roane County, Tennessee has steadily increased from about $51,000 in 2013 to around $70,450 in 2021, hinting at growing economic stability and possibly rising job opportunities. The sharp rise in average state and local income taxes from $5,458.62 in 2012 to $12,478.57 in 2021 may reflect increased local government funding or shifts in taxpayer incomes, which could impact property valuations and financial planning. A noticeable increase in the... Read more
Average Taxable Income per Tax Return in Roane County, TN over the last 9 years
The average taxable income per tax return in Roane County, Tennessee has shown a steady increase over the past nine years, jumping from approximately $51,000 in 2013 to around $70,450 in 2021. This upward trend could suggest growing economic stability and possibly rising job opportunities, making the county potentially attractive to investors, new residents, and real estate developers. Insurance agents and appraisers may also note this trend as a factor that could affect property values and premiums in the region.
Average State and Local Income Taxes Per Tax Return in Roane County, TN Over the Last 10 Years
Average state and local income taxes per tax return in Roane County, Tennessee have seen significant fluctuations over the past decade, culminating in a notable rise from $5,458.62 in 2012 to $12,478.57 in 2021. The sharp increase, especially from 2020 to 2021, indicates a potential upswing in local government funding or shifts in taxpayer incomes. This trend could be crucial for potential investors, residents, and industry professionals as it may impact property valuations, financial planning, and overall economic attractiveness of the area.
Average Total Tax Liability Per Tax Return in Roane County, TN Over the Last 10 Years
Over the past decade, Roane County, Tennessee has seen a noticeable increase in the average total tax liability per tax return, notably peaking at $10,419.26 in 2021. This upward trend could suggest rising property values or incomes, which may be a positive indicator for potential investors or real estate agents assessing market conditions. The relatively steady growth until 2017, followed by a sharper rise in subsequent years, may reflect economic changes or policy adjustments influencing the county.
Cost of Living in Roane County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,212 | $1,448 | $1,767 | $899 | $762 |
| 1 adult 4 children | $1,212 | $1,182 | $1,350 | $899 | $829 |
| 2 adults 3 children | $1,212 | $1,183 | $1,534 | $899 | $597 |
| 1 adult 3 children | $1,212 | $966 | $1,117 | $899 | $620 |
| 2 adults 2 children | $933 | $968 | $1,301 | $820 | $549 |
| 2 adults 1 child | $933 | $765 | $1,067 | $564 | $578 |
| 1 adult 2 children | $933 | $723 | $884 | $820 | $468 |
| 1 adult 1 child | $933 | $494 | $650 | $564 | $480 |
| 2 adults | $771 | $615 | $834 | $0 | $514 |
| 1 adult | $714 | $335 | $417 | $0 | $446 |
Safety trends & Data
Roane County, Tennessee, has experienced significant fluctuations in property crime over the past five years, with larceny-theft peaking at 262 cases in 2018 and dropping to 123 by 2021, before a slight increase. Burglary incidents reached a high of 51 in 2019 and rebounded to 44 in 2022 after a dip in 2020. Notably, fraud cases surged in 2020 and 2021, which could be a trend worth monitoring for businesses and residents. Investors, real estate agents, and insurers might benefit from keeping an... Read more
Property Crime Trends in Roane County, TN Over the Last 5 Years
Roane County, Tennessee has seen notable fluctuations in property crime over the past five years. Larceny-theft consistently remains the most reported crime, peaking at 262 cases in 2018 and dropping to 123 by 2021 before slightly increasing again. Burglary incidents have varied, with a high of 51 in 2019 and a rebound to 44 in 2022 after a dip in 2020. Interestingly, fraud cases surged in 2020 and 2021, suggesting a possible trend worth monitoring for businesses and residents alike. Investors, real estate agents, and insurers should keep an eye on such dynamic crime patterns when assessing risk and potential in Roane County.
Demographics
In Roane County, Tennessee, the demographic landscape is diverse yet shows distinct patterns. The adult population has a slight female majority. Education appears heavily skewed towards high school graduates, but there's a noticeable chunk of the population with some college education or higher. In terms of age, the county has a significant number of residents aged 45 and over, which could hint at an aging community. Racially, the population is predominantly White, with smaller representations... Read more
Race Distribution in Roane County, Tennessee (2022)
Educational Attainment in Roane County, Tennessee (2022)
Age Distribution in Roane County, Tennessee
Citizen Population in Roane County, Tennessee (2022)
Political Trends & Data
Roane County, Tennessee, showed a marked preference for the Republican party in the 2020 U.S. Presidential Election, securing nearly 74% of the votes. Democratic support was markedly lower at around 23%, with third-party candidates capturing about 2.5% of the vote. This trend underscores a predominant Republican influence in the area, with minimal backing for alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Roane County in Tennessee exhibited a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with nearly 74% of the votes. Democrats garnered around 23%, reflecting a considerable gap. The "Other" category, while minimal, still managed to capture approximately 2.5% of the vote. This voting pattern highlights a strong Republican presence, with relatively low support for third-party candidates.
74.20% of voters voted for the Republican party in the 2020 Presidential Election
23.32% of voters voted for the Democrat party in the 2020 Presidential Election
2.48% of voters voted for the Other party in the 2020 Presidential Election
School Data
Roane County, Tennessee has seen its student-to-teacher ratio decline from 16 in 2014 to just 13 in 2023, offering more individualized attention compared to the national average of 14 students per teacher. This trend could enhance property appeal and potentially influence property values, as families might find the educational environment more attractive. Real estate agents and appraisers may consider this a positive factor, impacting decisions related to property investments and insurance... Read more
Student-to-teacher ratio in Roane County, Tennessee over the last 10 years
Roane County, Tennessee has seen a steady decline in its student-to-teacher ratio over the last decade, dropping from 16 in 2014 to just 13 in 2023. This shift means classrooms have fewer students per teacher, potentially offering more individualized attention compared to the U.S. national average of 14 students per teacher. For those looking to invest in property or move to Roane County, this could signify a more desirable educational environment. Appraisers and real estate agents might note this trend as a positive factor, possibly influencing property values and attracting families to the area. Additionally, a lower ratio could impact insurance premiums and construction planning, reflecting a commitment to maintaining favorable learning conditions.
