Scott County Real Estate and Livability Trends
Scott County, Tennessee shows notable real estate trends that reflect a unique market landscape. Median home values have risen from $84,700 in 2015 to $113,900 in 2022, indicating growing appeal despite being below state and national averages. Taxable income per return surged from $35,486.61 in 2013 to $50,738.66 in 2021, suggesting improved economic conditions. Peaks in residential energy tax... Read more
Scott County Market Trends
Scott County, Tennessee, has experienced a steady rise in median home values from $84,700 in 2015 to $113,900 in 2022, which, while below the state average of $232,100 and the national median of $179,400, suggests a growing appeal thanks to its relative affordability. Residential energy tax credits peaked at $525.00 in 2020 before slightly decreasing, indicating increased adoption of... Read more
Median Value of Occupied Housing Units in Scott County, Tennessee Over the Last 8 Years
Scott County, Tennessee, has seen a gradual rise in median home values over the last eight years, climbing from $84,700 in 2015 to $113,900 in 2022. While still significantly lower than the state average, which reached $232,100 in 2022, and the national median of $179,400, this upward trend could signal a growing appeal. This relative affordability compared to broader averages might make Scott County an attractive option for investors or buyers seeking value without the higher price tags seen elsewhere in Tennessee or the United States.
Residential Energy Tax Credit Per Tax Return in Scott County, TN Over the Last 7 Years
Scott County, Tennessee has seen notable fluctuations in the average residential energy tax credit per tax return over the past seven years. Starting at $220.00 in 2013, the credit peaked at $525.00 in 2020 before slightly decreasing to $450.00 in 2021. This trend may suggest an increased adoption of energy-efficient home improvements, potentially making it an appealing factor for investors, homebuyers, and real estate professionals considering energy efficiency incentives.
Average Real Estate Taxes Per Tax Return in Scott County, TN Over the Last 10 Years
Average real estate taxes in Scott County, Tennessee have shown significant fluctuations over the last decade. Notably, there was a sharp increase from $1,985.19 in 2017 to $3,041.67 in 2018, followed by a general downward trend but still remaining higher than the pre-2017 values. This volatility could reflect shifting economic conditions or policy changes, impacting potential investment attractiveness and property affordability in Scott County.
Percentage of Farm Returns in Scott County, TN Over the Last 10 Years
The percentage of farm tax returns in Scott County, Tennessee has fluctuated slightly over the past decade, generally hovering around 3%. Peaks were observed in 2016 at approximately 3.22% and 2017 at about 3.41%, but there has been a gradual decline in recent years, reaching around 2.82% in 2020 and 2021. This trend might suggest a modest shift in the agricultural landscape or the economic environment's impact on farming viability in the area. Investors and potential residents should consider how these changes in farm returns could influence local property development and community dynamics.
Number of Mortgages by Occupancy Type in Scott County, TN Over the Last 5 Years in Scott County
Principal residences in Scott County, Tennessee, have seen relatively higher mortgage counts over the past five years compared to second residences and investment properties. Despite some fluctuations, there's an upward trend in principal residence mortgages peaking in 2021 with 680 counts, possibly indicating growing local interest in settling down or an overall housing demand increase. Investment properties have shown a slight decline, which could suggest a cooling off in speculative buying or rental investments. Second residences have remained low and stable, potentially pointing towards limited seasonal or vacation home interest in the area. For investors, real estate agents, and insurance agents, these trends reflect the predominant demand for primary homes, signaling where the market activity is concentrated and helping to guide strategic decisions on where to focus effort and resources. This can also signal to appraisers and builders the types of property that might see more valuation work and construction projects.
Economic Outlook
Scott County, Tennessee's financial landscape has evolved notably over recent years. From 2013 to 2021, average taxable income per tax return surged from $35,486.61 to $50,738.66, suggesting a probable boost in economic conditions. Meanwhile, state and local income taxes per tax return oscillated, hitting peaks like $8,550.00 in 2020, possibly due to policy fluctuations or shifts in the local economy. Total tax liability per tax return also trended upwards, with a notable spike to $6,736.87 in... Read more
Average Taxable Income per Tax Return in Scott County, TN over the last 9 years
Scott County, Tennessee has seen a gradual increase in average taxable income per tax return over the last nine years. Starting at $35,486.61 in 2013, it hovered around the mid $30,000s for a few years before seeing a notable uptick beginning in 2017. By 2021, the average taxable income per return had jumped to $50,738.66. This trend might indicate improving economic conditions, potentially making the area more appealing for investors, property developers, and new residents.
Average State and Local Income Taxes Per Tax Return in Scott County, TN Over the Last 8 Years
Over the last eight years, state and local income taxes per tax return in Scott County, Tennessee have seen fluctuating increases. Average amounts have varied, with notable spikes such as the $4,300.00 in 2014 and a high point of $8,550.00 in 2020, possibly highlighting economic changes or policy shifts impacting taxpayers. This pattern may be crucial for potential investors, insurance agents, and homeowners, as it reflects underlying fiscal dynamics and could affect financial planning and property valuations in the area.
Average Total Tax Liability Per Tax Return in Scott County, TN Over the Last 10 Years
Investors, real estate agents, and appraisers will find notable trends in Scott County, Tennessee's tax environment. Over the last decade, the average total tax liability per tax return has shown a general upwards trajectory, spiking to $6,736.87 in 2021 after some fluctuations. This might indicate increasing property values or incomes, making it crucial for prospective buyers and those in real estate to factor in rising taxes. The noticeable jump in the later years, especially between 2020 and 2021, could impact insurance rates and overall investment calculations for building or purchasing property in the region.
Cost of Living in Scott County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,062 | $1,339 | $1,730 | $969 | $669 |
| 1 adult 4 children | $1,062 | $1,094 | $1,322 | $969 | $696 |
| 2 adults 3 children | $1,062 | $1,094 | $1,501 | $969 | $513 |
| 1 adult 3 children | $1,062 | $893 | $1,094 | $969 | $502 |
| 2 adults 2 children | $747 | $896 | $1,272 | $858 | $455 |
| 1 adult 2 children | $747 | $669 | $865 | $858 | $381 |
| 2 adults 1 child | $747 | $708 | $1,044 | $500 | $484 |
| 1 adult 1 child | $747 | $457 | $636 | $500 | $394 |
| 2 adults | $623 | $569 | $815 | $0 | $453 |
| 1 adult | $609 | $310 | $407 | $0 | $406 |
Safety trends & Data
Scott County, Tennessee has seen fluctuating property crime trends which might influence real estate decisions. Larceny-theft has been the leading crime, with incidents ranging from 44 to 112 annually over the past five years. Burglary reached its peak with 30 cases in 2020 but dropped to 17 by 2022, while motor vehicle theft slightly decreased to 12 cases in 2022 after peaking at 16 in 2020. These crime trends could impact property values and insurance rates, offering valuable insights for... Read more
Property Crime Trends in Scott County, TN Over the Last 5 Years
Investment and property decisions in Scott County, Tennessee, hinge on understanding local crime trends. Over the past five years, larceny-theft has consistently been the most reported crime, fluctuating between a low of 44 and a high of 112 annual incidents. Burglary and vandalism also present notable figures, with burglary peaking at 30 cases in 2020 but showing a significant decline to 17 in 2022. Motor vehicle theft has seen a gradual increase to 16 in 2020, though it slightly receded to 12 in 2022. These trends could potentially affect property values and insurance rates, and might be of considerable interest to real estate agents and investors focusing on the region.
Demographics
Scott County, Tennessee, reflects a nearly balanced distribution between male and female adult populations. The area has a significant portion of residents with only a high school diploma, which could impact workforce skills and economic opportunities. Age groups are fairly distributed, although a slightly higher number of individuals fall into the 35-64 range, which might suggest stable working-age demographics. Racial diversity is relatively low, with a predominant White population and small... Read more
Race Distribution in Scott County, Tennessee (2022)
Educational Attainment in Scott County, Tennessee (2022)
Age Distribution in Scott County, Tennessee
Citizen Population in Scott County, Tennessee (2022)
Political Trends & Data
Scott County, Tennessee, overwhelmingly favored Republican candidates in the 2020 U.S. Presidential Election, with approximately 88.4% of the votes. The Democratic party secured only 10.9%, and third parties had negligible impact. This significant tilt towards conservative values hints at a strongly partisan community that might influence local real estate dynamics and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Scott County, located in Tennessee, showed a significant preference for Republican candidates in the 2020 U.S. Presidential Election, with nearly 88.4% of votes leaning that way. In contrast, the Democratic party garnered only about 10.9% of the vote share. Other parties, including Libertarian and Green, had negligible or no impact, which may indicate strong partisan leanings in this region. This trend suggests a largely homogenous political landscape favoring conservative values in Scott County.
88.42% of voters voted for the Republican party in the 2020 Presidential Election
10.89% of voters voted for the Democrat party in the 2020 Presidential Election
0.68% of voters voted for the Other party in the 2020 Presidential Election
School Data
Scott County, Tennessee's student-to-teacher ratio has seen plenty of fluctuations over the past decade. This ratio has ranged from approximately thirteen to fifteen students per teacher, with notable lows in 2016, 2019, and 2021, where it hit 14 and even 13. However, it has risen to 15 in 2023, surpassing the national average of 14. This kind of data gives key insights into school funding, population growth, and local education policies—factors that can influence property values and... Read more
Student-to-teacher ratio in Scott County, Tennessee over the last 10 years
Scott County, Tennessee has seen fluctuations in its student-to-teacher ratio over the last decade, with ratios ranging from approximately thirteen to fifteen students per teacher. Notably, the ratio dipped to 14 in 2016, 14 in 2019, and 13 in 2021, slightly improving the classroom experience compared to national averages. However, recent data for 2023 indicates a rise to 15, surpassing the national average of 14. These shifts in student-to-teacher ratios could be significant for potential investors, new residents, and those planning to build or appraise properties in the area, as they may reflect changes in school funding, population growth, or local education policies that impact community attractiveness and property values.
