Sequatchie County Real Estate and Livability Trends
Sequatchie County, Tennessee is experiencing notable economic improvements, with average taxable income per tax return rising from $42,536.95 in 2013 to $63,982.82 in 2021, potentially encouraging investors and real estate agents to take interest. Home values have spiked from $152,000 in 2021 to $184,600 in 2022, reflecting increased demand and investment potential. Real estate taxes have more... Read more
Sequatchie County Market Trends
In Sequatchie County, Tennessee, median home values have steadily risen over the past eight years, hitting $184,600 in 2022, signaling increased interest and investment potential despite being below state and national medians. This recent spike, from $152,000 in 2021 to $184,600 in 2022, could make the area more attractive for property buyers. Residential energy tax credits saw a notable surge to... Read more
Median Value of Occupied Housing Units in Sequatchie County, Tennessee Over the Last 8 Years
Over the last eight years, the median home values in Sequatchie County, Tennessee, have generally climbed, reaching $184,600 in 2022. Although these values are still lower than the state median of $232,100 and the national median of $179,400 for the same year, the recent spike suggests a growing interest and potential for long-term investment in the area. The sharp increase in Sequatchie County from $152,000 in 2021 to $184,600 in 2022 might indicate a trend where the locality is becoming more attractive for property buyers. This upward trajectory could offer investment opportunities and reflect an evolving local market.
Residential Energy Tax Credit Per Tax Return in Sequatchie County, TN Over the Last 8 Years
Sequatchie County, Tennessee has seen a varied trend in residential energy tax credits over the past eight years. While the average credit per tax return was relatively stable between $325.00 and $500.00 from 2013 to 2019, 2020 marked a substantial increase to $2,566.67, followed by a decrease to $1,828.57 in 2021. This surge suggests that recent years have seen a higher investment in energy-efficient home improvements, which might be of interest to investors, appraisers, and insurance agents considering the region's growing focus on sustainability.
Average Real Estate Taxes Per Tax Return in Sequatchie County, TN Over the Last 10 Years
Real estate taxes in Sequatchie County, Tennessee have seen a noticeable increase over the past decade, with the average per tax return climbing from approximately $1,623.33 in 2012 to around $3,336.84 by 2021. This upward trend, particularly significant jumps in 2017 and 2018, may indicate a growing investment and scaling property values in the area. For those looking to invest, relocate, or appraise properties, this could suggest a rising demand and possibly escalating costs. Such insights might be crucial for real estate agents and insurance agents to consider when evaluating property-related decisions in Sequatchie County.
Percentage of Farm Returns in Sequatchie County, TN Over the Last 10 Years
Over the past decade, Sequatchie County, Tennessee has seen a relatively stable but slightly fluctuating percentage of farm tax returns, ranging roughly between 2.74% and 3.58%. Farm tax returns, essentially, represent the proportion of tax filings connected to agricultural activities, an indicator of the local farming economy's health and activity. Despite minor dips in certain years, the overall trend suggests consistent agricultural engagement, which could be appealing for those interested in agricultural investments or property development. The highest peak in 2012 at 3.58% and the lowest in 2020 at 2.74% could imply varying external factors affecting agricultural profitability and land use.
Number of Mortgages by Occupancy Type in Sequatchie County, TN Over the Last 5 Years in Sequatchie County
Over the past five years in Sequatchie County, Tennessee, there has been a notable trend towards increasing numbers of mortgages for principal residences, peaking in 2021. Meanwhile, investment properties and second residences have seen much smaller numbers that are relatively stable. Changes in the types of mortgages can indicate shifts in the county's housing demand and economic health, which could influence property values, rental markets, and local businesses. This data is particularly relevant for investors and real estate agents seeking to understand market dynamics, as principal residences typically reflect long-term commitments and stability, whereas fluctuations in investment and second home purchases might signal speculative buying or changing economic conditions.
Economic Outlook
Sequatchie County, Tennessee has experienced a rise in average taxable income per tax return from $42,536.95 in 2013 to $63,982.82 in 2021, hinting at an improving local economy that could attract investors and real estate agents. The significant increase in average state and local income taxes per tax return, from $5,087.50 in 2012 to $12,700 in 2021, might imply higher income levels or changes in tax structures, crucial for financial trend evaluations. Additionally, the average total tax... Read more
Average Taxable Income per Tax Return in Sequatchie County, TN over the last 9 years
Over the past nine years, Sequatchie County, Tennessee has seen a notable rise in average taxable income per tax return, from $42,536.95 in 2013 to $63,982.82 in 2021. This growth, although gradual, suggests a strengthening local economy, making the area potentially attractive for investors and real estate agents. Additionally, the upward income trend might influence property values and insurance premiums, indicating a promising locale for those looking to build or appraise property.
Average State and Local Income Taxes Per Tax Return in Sequatchie County, TN Over the Last 10 Years
Over the past decade, Sequatchie County, Tennessee, has seen a significant rise in average state and local income taxes per tax return. Starting from $5,087.50 in 2012, there was a notable increase to $12,700 in 2021. This dramatic jump suggests either an increase in income levels or changes within the tax structure, making now a potentially critical time for investors and property developers to evaluate financial trends. Additionally, for those moving to the area, understanding these tax implications could be essential for long-term financial planning. Real estate agents and insurance agents should also take note, as these trends might impact property values and insurance rates.
Average Total Tax Liability Per Tax Return in Sequatchie County, TN Over the Last 10 Years
Over the last decade in Sequatchie County, Tennessee, there's been a noticeable increase in the average total tax liability per tax return. Starting at approximately $7,013.94 in 2012, the figure experienced fluctuations but generally trended upwards, reaching a peak of around $9,873.32 in 2021. Key years like 2017 and 2020 saw significant increases to $7,829.91 and $8,917.38, respectively. This trend might reflect broader economic improvements or shifts in local income levels, potentially impacting decisions on real estate investments or property developments.
Cost of Living in Sequatchie County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,160 | $1,649 | $1,852 | $899 | $856 |
| 1 adult 4 children | $1,160 | $1,347 | $1,416 | $899 | $930 |
| 2 adults 3 children | $1,160 | $1,347 | $1,608 | $899 | $668 |
| 1 adult 3 children | $1,160 | $1,100 | $1,171 | $899 | $701 |
| 2 adults 2 children | $902 | $1,103 | $1,363 | $820 | $605 |
| 2 adults 1 child | $902 | $871 | $1,118 | $564 | $635 |
| 1 adult 2 children | $902 | $824 | $926 | $820 | $539 |
| 1 adult 1 child | $902 | $563 | $681 | $564 | $508 |
| 2 adults | $777 | $700 | $873 | $0 | $557 |
| 1 adult | $770 | $382 | $437 | $0 | $484 |
Safety trends & Data
Property crime trends in Sequatchie County, Tennessee have varied over the past five years, with larceny-theft peaking in 2022 after a drop post-2018 and burglary showing a downward trend since a 2020 spike. Motor vehicle theft was higher in 2018 and 2020 but seems to have decreased recently. Fraud incidents notably peaked in 2020. For investors or residents, these changes might influence property valuations and insurance premiums, adding an extra layer of consideration when assessing the... Read more
Property Crime Trends in Sequatchie County, TN Over the Last 5 Years
Sequatchie County, Tennessee has seen some fluctuations in property crimes over the past five years. Larceny-theft consistently remains the most common type of property crime, seeing a notable drop after 2018 but spiking again in 2022. Burglary saw a spike in 2020 but has since shown a downward trend, while motor vehicle theft was higher in 2018 and 2020 but seems to have decreased in recent years. Fraud incidents varied, peaking in 2020. For investors or residents, understanding these trends can provide some insight into the area's evolving risk landscape, potentially influencing property valuations and insurance premiums.
Demographics
Sequatchie County, Tennessee shows a nearly equal distribution of males and females in its adult population, a detail that might indicate balanced community needs. Education levels highlight a significant portion of high school graduates and those with some college experience, which could suggest an opportunity for local initiatives aimed at increasing higher education attainment. The age distribution is tilted towards middle-aged and older adults, possibly impacting healthcare and retirement... Read more
Race Distribution in Sequatchie County, Tennessee (2022)
Educational Attainment in Sequatchie County, Tennessee (2022)
Age Distribution in Sequatchie County, Tennessee
Citizen Population in Sequatchie County, Tennessee (2022)
Political Trends & Data
Sequatchie County, Tennessee has a marked preference for Republican candidates, with the 2020 U.S. Presidential Election showing Republicans potentially receiving over 80% of the vote. Democrats only managed around 18%, while third parties like the Libertarians and Greens had barely any presence. This suggests a strong Republican inclination, which might influence various policies and local decision-making... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sequatchie County, Tennessee saw a significant tendency toward Republican candidates in the 2020 U.S. Presidential Election, with Republican votes potentially accounting for over 80% of the total. The Democratic Party only garnered around 18%, while minor parties such as Libertarian and Green received virtually no support, and Other parties combined barely reached over 1%. This suggests an overwhelming Republican lean among the electorate here.
80.74% of voters voted for the Republican party in the 2020 Presidential Election
17.90% of voters voted for the Democrat party in the 2020 Presidential Election
1.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Sequatchie County, Tennessee has seen its student-to-teacher ratio decrease from nearly 16 students per teacher in 2014 to approximately 15 in 2023, even dipping below the national average in 2022. This trend could be a selling point for real estate investors, families, and education-focused agencies, as it suggests improved student attention and resources in local schools. Real estate agents might use this data to attract families prioritizing quality... Read more
Student-to-teacher ratio in Sequatchie County, Tennessee over the last 10 years
Over the past decade, Sequatchie County, Tennessee has seen its student-to-teacher ratio fluctuate but ultimately decrease from a peak of nearly 16 students per teacher in 2014 to approximately 15 in 2023. Particularly noteworthy is the drop to just below the national average of 14 students per teacher in 2022. This ongoing trend toward smaller class sizes could be beneficial for potential investors, families considering a move, and education-focused agencies, as it may indicate improved individual student attention and resources in local schools. Real estate agents might also find this data useful when marketing properties to families prioritizing education.
