Rutherford County Real Estate and Livability Trends
Rutherford County, Tennessee’s real estate market is showing clear signs of growth with median home values increasing from $160,700 in 2015 to $305,100 in 2022, hinting at an evolving and potentially lucrative investment landscape. Average taxable income has significantly risen to $70,826.71 in 2021, supporting the notion of a robust job market. A striking drop in property crime, particularly... Read more
Rutherford County Market Trends
Median home values in Rutherford County, Tennessee, have surged from $160,700 in 2015 to $305,100 in 2022, significantly outpacing both state and national growth. Residential energy tax credits per tax return peaked at $1,584.38 in 2018 but have shown variability, possibly reflecting changing policies or homeowner incentives towards energy efficiency. Real estate taxes have climbed from $1,856.08... Read more
Median Value of Occupied Housing Units in Rutherford County, Tennessee Over the Last 8 Years
Median home values in Rutherford County, Tennessee, have surged from $160,700 in 2015 to a striking $305,100 in 2022. This trajectory significantly outpaces growth seen both statewide and nationally. For context, Tennessee's median home value rose from $142,100 to $232,100, while the national median increased from $125,500 to $179,400. This rapid appreciation in Rutherford County might suggest robust demand, making it a compelling area for potential investment or relocation.
Residential Energy Tax Credit Per Tax Return in Rutherford County, TN Over the Last 9 Years
Rutherford County, Tennessee has seen notable fluctuations in average residential energy tax credits claimed per tax return over the last nine years. Starting from $313.38 in 2013, there was a peak in 2018 with an average of $1,584.38. Although the credits decreased slightly to $632.11 in 2019, they trended upwards again, reaching $970.47 in 2021. These shifts may indicate varying investments in energy-efficient improvements by homeowners, potentially driven by changing policies or incentives. Such data could be crucial for investors, real estate agents, or those looking to build property, as it reflects the community's responsiveness to energy efficiency.
Average Real Estate Taxes Per Tax Return in Rutherford County, TN Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Rutherford County, Tennessee have generally trended upwards, with noticeable jumps particularly in the years 2018 and 2019. Starting at $1856.08 in 2012, the average tax rose steadily, reaching $3356.42 by 2021. This upward trajectory suggests a developing market and potentially increasing property values, making it a crucial point of interest for investors, real estate agents, appraisers, and individuals considering relocation to the area. Additionally, insurance agents and those looking to build property may find these trends indicative of changing costs and evolving market dynamics.
Percentage of Farm Returns in Rutherford County, TN Over the Last 10 Years
Over the past decade, Rutherford County, Tennessee has seen a gradual decrease in the percentage of farm tax returns, dropping from approximately 1.32% in 2012 to around 0.89% in 2021. Farm tax returns are essentially annual filing documents that report income and expenses from farming operations, impacting local economic assessment and future land use planning. This trend could be relevant for those considering investment, property development, or residency in the area, as it may reflect changes in agricultural viability and regional economic shifts.
Number of Mortgages by Occupancy Type in Rutherford County, TN Over the Last 5 Years in Rutherford County
Rutherford County, Tennessee has shown significant shifts in mortgage counts across different occupancy types over the past five years. While principal residences dominate the data, peaking at over 35,000 in 2020, investment properties and second residences have fluctuated more. Investors might be interested in the notable decrease in investment property mortgages from around 1,890 in 2021 to 1,380 in 2022. These changes can impact regional property values, insurance premiums, and demand for rentals, crucial for anyone involved with real estate transactions in the area.
Economic Outlook
Rutherford County, Tennessee has experienced a steady rise in average taxable income, jumping from $50,483.52 in 2013 to $70,826.71 in 2021, possibly indicating a strong job market and increasing wages. Average state and local income taxes have nearly doubled over the last decade, suggesting higher property values and living costs. Meanwhile, poverty rates have fluctuated but shown a notable decline to 8.3% in 2021, potentially reflecting better economic conditions. For investors and real... Read more
Average Taxable Income per Tax Return in Rutherford County, TN over the last 9 years
Rutherford County, Tennessee has seen a steady increase in average taxable income per tax return over the last nine years, reflecting positive economic growth. From $50,483.52 in 2013 to $70,826.71 in 2021, this trend could suggest a robust job market and rising wages, which may be of interest to potential investors, real estate agents, and those considering moving to the area. For appraisers and insurance agents, these income trends may impact property values and insurance premiums. Builders and developers might also see this as a sign of increasing demand for housing, driven by higher disposable incomes.
Average State and Local Income Taxes Per Tax Return in Rutherford County, TN Over the Last 10 Years
Rutherford County, Tennessee has seen a notable increase in average state and local income taxes per tax return over the last decade. From approximately $5,010.64 in 2012, there was a steady climb reaching $9,318.82 by 2021. This upward trajectory suggests a rising cost of living or growing property values, important for potential investors, real estate agents, and those looking to move to the area. Analyzing this trend can help appraisers and insurance agents better understand the economic landscape and make informed decisions.
Average Total Tax Liability Per Tax Return in Rutherford County, TN Over the Last 10 Years
Rutherford County, Tennessee has experienced a noticeable increase in the average total tax liability per tax return over the last decade, with figures starting around $7,462.49 in 2012 and escalating to $10,708.99 by 2021. This upward trend suggests a potential rise in overall income levels or property values, making the area increasingly attractive for investors and real estate agents. However, the 2018 dip to $8,335.54 could indicate market fluctuations that may warrant closer scrutiny for prospective buyers and appraisers. This growing tax liability might also be a consideration for those looking to move to the county, as it could reflect higher living costs or changing economic conditions.
Cost of Living in Rutherford County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,693 | $1,520 | $1,850 | $1,152 | $1,072 |
1 adult 4 children | $1,693 | $1,241 | $1,414 | $1,152 | $1,189 |
2 adults 3 children | $1,693 | $1,242 | $1,605 | $1,152 | $867 |
1 adult 3 children | $1,693 | $1,014 | $1,169 | $1,152 | $972 |
2 adults 2 children | $1,354 | $1,017 | $1,361 | $1,059 | $743 |
1 adult 2 children | $1,354 | $759 | $925 | $1,059 | $733 |
2 adults 1 child | $1,354 | $803 | $1,116 | $757 | $769 |
1 adult 1 child | $1,354 | $519 | $680 | $757 | $682 |
2 adults | $1,199 | $645 | $872 | $0 | $662 |
1 adult | $1,173 | $352 | $436 | $0 | $580 |
Safety trends & Data
Rutherford County, Tennessee has experienced significant shifts in property crime over the last five years. Larceny-Theft cases have notably declined from 1,393 in 2018 to 520 in 2022, hinting at possible improvements in community initiatives and policing. However, Motor Vehicle Theft has become a growing concern, with cases rising to 89 in 2022. Fraud has remained a stable issue, with a decrease from its peak of 212 cases in 2019 to 103 in 2022, suggesting persistent areas of vulnerability.... Read more
Property Crime Trends in Rutherford County, TN Over the Last 5 Years
Property crime trends in Rutherford County, Tennessee show significant fluctuations over the last five years. Larceny-Theft has seen a notable downward trend from 1,393 cases in 2018 to 520 in 2022, suggesting potential improvements in policing and community awareness. Conversely, Motor Vehicle Theft spiked recently to 89 cases in 2022, indicating an emerging area of concern. The stability in Fraud cases, peaking at 212 in 2019 and standing at 103 in 2022, reflects ongoing vulnerabilities that need addressing. Insights into Burglary display a decline from 85 incidents in 2018 to 77 in 2022, while Vandalism rates have remained somewhat consistent, oscillating between 67 to 89 cases annually. These crime trends present a mixed but generally improving picture, relevant for prospective investors, insurance agents, and residents in assessing risk and community safety.
Demographics
Rutherford County, Tennessee, shows a relatively balanced gender distribution with a slight majority of females over males. The educational attainment data hints at a moderately educated populace; a significant portion has completed high school, with notable percentages holding bachelor's and graduate degrees. The age distribution suggests a youthful demographic, particularly strong in the under-35 categories, which could correlate with the county's robust labor market and economic... Read more
Race Distribution in Rutherford County, Tennessee (2022)
Educational Attainment in Rutherford County, Tennessee (2022)
Age Distribution in Rutherford County, Tennessee
Citizen Population in Rutherford County, Tennessee (2022)
Political Trends & Data
Rutherford County, Tennessee, shows a strong Republican presence, with the party receiving nearly 57% of the vote in the 2020 U.S. Presidential Election. Democrats trailed with approximately 41%, while third-party candidates had minimal impact, hinting at stable yet slightly shifting political dynamics. A small but notable 2% vote for other parties suggests some voter dissatisfaction with the major parties, potentially impacting future electoral strategies and policies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Rutherford County, Tennessee, the 2020 U.S. Presidential Election results leaned heavily towards the Republican party, which garnered roughly 57% of the votes, while the Democrats received about 41%. Third-party candidates like the Green and Libertarian parties seemed to have little to no impact. Interestingly, a small percentage, around 2%, went to other parties, indicating some level of voter dissatisfaction with the major two-party options. This distribution might reflect broader political trends and sentiments within the county.
56.63% of voters voted for the Republican party in the 2020 Presidential Election
41.24% of voters voted for the Democrat party in the 2020 Presidential Election
2.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
Rutherford County, Tennessee's student-to-teacher ratio has generally hovered slightly above the national average of 14 students per teacher, with notable peaks in 2020 and 2022 at 16 and 15 students per teacher respectively. These fluctuations could suggest varying levels of individual student attention, potentially affecting educational outcomes. For homebuyers and investors, these ratios might subtly influence property values and demand, as well as shape perceptions of school quality and... Read more
Student-to-teacher ratio in Rutherford County, Tennessee over the last 10 years
Rutherford County, Tennessee's student-to-teacher ratio has varied over the last decade, with values ranging from 14 up to 16 students per teacher, generally staying slightly above the national average of 14 students per teacher. Notable peaks occurred in 2020 and 2022, with ratios of 16 and 15 students per teacher respectively. For those considering relocation or investment in the local education system, these fluctuations could indicate varying levels of individual attention for students, potentially impacting educational outcomes. Real estate and insurance professionals might see these ratios as a proxy for school capacity and quality, shaping property values and risk assessments.