Sevier County Real Estate and Livability Trends
Sevier County, Tennessee, has experienced a noticeable rise in median home values, jumping from $159,000 in 2015 to $239,800 in 2022, outpacing both state and national growth rates, potentially indicating strong investment prospects. Average taxable income per tax return surged from $40,264.60 in 2013 to $65,153.70 in 2021, although this comes with higher total tax liabilities, which grew from... Read more
Sevier County Market Trends
In Sevier County, Tennessee, median home values surged from $159,000 in 2015 to $239,800 in 2022, outpacing state and national growth rates. This could signify strong investment potential, reflecting heightened demand and possibly greater property appreciation. Real estate taxes in the area spiked from $1,419.47 in 2012 to $3,066.14 in 2021, indicating rising operational costs that investors need... Read more
Median Value of Occupied Housing Units in Sevier County, Tennessee Over the Last 8 Years
Over the past eight years, Sevier County, Tennessee has seen its median home values spike from $159,000 in 2015 to $239,800 in 2022. This growth outpaces both the state of Tennessee, which saw an increase from $142,100 to $232,100 over the same period, and the national trend where values rose from $125,500 to $179,400. Such increases might signal a robust investment opportunity, reflecting rising demand and possibly higher appreciation potential for property owners and developers.
Residential Energy Tax Credit Per Tax Return in Sevier County, TN Over the Last 9 Years
Sevier County, Tennessee has experienced significant fluctuations in residential energy tax credits over the past nine years. Starting at $309.59 in 2013, the average credit per tax return peaked sharply at $1,660.00 in 2018. Noteworthy upticks also occurred in 2016 at $622.39 and 2021 at $1,243.59. These variations could indicate changing incentives for energy-efficient upgrades and the adoption of renewable energy solutions. For investors and property developers, this trend suggests evolving opportunities in the residential energy market, while insurance agents and appraisers may need to consider energy efficiency as a significant factor in property valuation.
Average Real Estate Taxes Per Tax Return in Sevier County, TN Over the Last 10 Years
In Sevier County, Tennessee, real estate taxes per tax return have shown some notable fluctuations over the past decade, highlighting significant increases particularly from 2017 onwards. For those considering investment or property development, it's worth noting that the average tax amount jumped from $1,419.47 in 2012 to $3,066.14 in 2021. Such trends may influence decisions around budget planning, insurance, and overall investment strategies, given the potential for rising operational costs. The data underscores the importance for real estate agents and appraisers to stay updated on these financial shifts to better advise clients and anticipate market dynamics.
Percentage of Farm Returns in Sevier County, TN Over the Last 10 Years
In Sevier County, Tennessee, the percentage of farm tax returns has shown a slight decline over the last decade, from around 1.32% in 2012 to approximately 0.96% in 2021. Farm tax returns are filed by individuals or entities engaged in agricultural production and can indicate the economic health and viability of farming within the region. The downward trend could suggest shifts in land use or agricultural profitability, which might impact decisions on investing in real estate, developing agricultural ventures, or assessing the long-term sustainability of farming in the area. This shift has potential implications for anyone looking to invest in, or move to, this part of Tennessee.
Number of Mortgages by Occupancy Type in Sevier County, TN Over the Last 5 Years in Sevier County
Over the past five years in Sevier County, Tennessee, the number of principal residence mortgages has shown fluctuations, peaking at 6361 in 2021 and then declining to 4734 by 2022. Investment property mortgages also saw growth from 1129 in 2018 to a high of 2741 in 2021 before slightly dropping in 2022. Second residence mortgages followed a similar trajectory, indicating the county’s attractiveness for vacation homes. Shifts in occupancy type can be critical for potential investors, real estate agents, and others involved in the property market. Variations point to emerging real estate demands and can influence property valuations, risk assessments, and overall market strategies. High volumes in investment properties may signal rental market opportunities, while trends in second homes could reflect the area's appeal as a vacation destination. Principal residence trends might impact local community planning and services.
Economic Outlook
Sevier County, Tennessee has seen a notable rise in average taxable income per tax return, climbing from $40,264.60 in 2013 to $65,153.70 by 2021, with significant jumps between 2015 and 2016 as well as 2020 and 2021. Average state and local income taxes have also increased, surging from $5,636.54 in 2012 to $10,270.83 in 2021. Concurrently, average total tax liability per tax return rose from $5,831.04 in 2012 to $11,151.12 in 2021. The percentage of residents living under the poverty line... Read more
Average Taxable Income per Tax Return in Sevier County, TN over the last 9 years
Over the past nine years, Sevier County, Tennessee has experienced a steady rise in average taxable income per tax return. Starting from $40,264.60 in 2013, the figure reached $65,153.70 by 2021. Notably, significant jumps occurred between 2015 and 2016 as well as 2020 and 2021. This consistent increase in income could make the area more appealing to investors, real estate agents, and those looking to move or build property there. Even appraisers and insurance agents might find these trends useful for assessing property values and risk.
Average State and Local Income Taxes Per Tax Return in Sevier County, TN Over the Last 10 Years
Over the past decade, Sevier County in Tennessee has seen a significant increase in the average state and local income taxes per tax return, jumping from $5,636.54 in 2012 to $10,270.83 in 2021. This almost twofold rise suggests a growing economic footprint or possible tax policy changes that could impact both potential investors and current residents. Such trends could influence property appraisals, real estate prices, and insurance premiums, urging stakeholders to closely monitor fiscal policies and economic indicators in the county.
Average Total Tax Liability Per Tax Return in Sevier County, TN Over the Last 10 Years
Sevier County, Tennessee has seen a notable increase in average total tax liability per tax return over the past decade, rising from $5,831.04 in 2012 to $11,151.12 in 2021. This significant upward trend may suggest rising incomes or property values in the area, which could be attractive for real estate investors and developers. However, the growing tax burden may also affect decisions for potential new residents and current homeowners, as well as influence insurance rates and property appraisals. This dynamic environment requires careful consideration for anyone involved in Sevier County's real estate market.
Cost of Living in Sevier County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,205 | $1,584 | $1,730 | $1,065 | $830 |
| 1 adult 4 children | $1,205 | $1,294 | $1,322 | $1,065 | $910 |
| 2 adults 3 children | $1,205 | $1,294 | $1,501 | $1,065 | $653 |
| 1 adult 3 children | $1,205 | $1,057 | $1,094 | $1,065 | $672 |
| 2 adults 2 children | $945 | $1,060 | $1,272 | $962 | $581 |
| 1 adult 2 children | $945 | $791 | $865 | $962 | $522 |
| 2 adults 1 child | $945 | $837 | $1,044 | $629 | $605 |
| 1 adult 1 child | $945 | $541 | $636 | $629 | $505 |
| 2 adults | $783 | $673 | $815 | $0 | $528 |
| 1 adult | $726 | $367 | $407 | $0 | $461 |
Safety trends & Data
Sevier County, Tennessee, has seen mixed property crime trends over the past five years, with a notable decline in larceny-theft cases from 417 in 2018 to 230 in 2022. Motor vehicle thefts hit a peak of 76 in 2019 but decreased to 42 by 2022. Fraud surged to 149 cases in 2019 but fell to 81 by 2022, while vandalism and embezzlement remained relatively stable, albeit with a spike in embezzlement to 22 cases in 2021. These fluctuations highlight the importance of comprehensive risk assessments... Read more
Property Crime Trends in Sevier County, TN Over the Last 5 Years
Over the past five years, property crime trends in Sevier County, Tennessee, reflect noteworthy fluctuations. Larceny-theft has generally been the most prevalent offense but has seen a significant decline from 417 cases in 2018 to 230 cases in 2022. Motor vehicle thefts saw a peak in 2019 with 76 incidents but have since decreased to 42 in 2022. While fraud instances surged to 149 in 2019, they dropped to 81 by 2022. Vandalism and embezzlement figures have been relatively stable, though embezzlement spiked to 22 cases in 2021. These trends indicate a mixed landscape for potential investors and residents, emphasizing the need for comprehensive risk assessments and targeted community policing.
Demographics
Sevier County, Tennessee, exhibits a fairly balanced gender demographic with slightly more females than males. The education levels indicate a significant portion of the population holds a high school diploma or some college experience, while those with associate's degrees and higher education degrees form smaller, yet notable, groups. Age distribution trends suggest a mature population with substantial representation across various age groups, particularly among those aged 45 and over. The... Read more
Race Distribution in Sevier County, Tennessee (2022)
Educational Attainment in Sevier County, Tennessee (2022)
Age Distribution in Sevier County, Tennessee
Citizen Population in Sevier County, Tennessee (2022)
Political Trends & Data
In Sevier County, Tennessee, the Republican party dominated the 2020 U.S. Presidential Election, capturing about 77.6% of the votes. Democrats only managed around 20%, and other parties combined for roughly 2.4%. This strong Republican presence may influence future electoral strategies and local policies, perhaps reflecting broader community values and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sevier County, Tennessee, the Republican party garnered a significant lead in the 2020 U.S. Presidential Election, with approximately 77.6% of the votes. Democrats trailed considerably, securing around 20%, while other parties collectively made up roughly 2.4%. This suggests a strong Republican presence, with potential implications for future electoral strategies and policies in this area.
77.60% of voters voted for the Republican party in the 2020 Presidential Election
20.03% of voters voted for the Democrat party in the 2020 Presidential Election
2.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sevier County, Tennessee, has consistently had a student-to-teacher ratio slightly below the national average of 14 students per teacher, ranging from 13.3 to 14.15 over the past decade. Years like 2016 and 2020 saw ratios around 13.3, suggesting smaller class sizes and potentially more personalized education. By 2023, the ratio increased to 13.95 but remained under the national average, making it attractive for those prioritizing educational quality. This could be a useful consideration for... Read more
Student-to-teacher ratio in Sevier County, Tennessee over the last 10 years
Sevier County, Tennessee, has generally seen a student-to-teacher ratio hovering slightly below the national average of 14 students per teacher over the last decade, with values ranging from about 13.3 to 14.15. Notably, years like 2016 and 2020 had ratios closer to 13.3, indicating smaller class sizes which might appeal to those prioritizing personalized education experiences. Conversely, in 2023, the ratio climbed back to 13.95, still under the national average, which aligns it favorably for educational quality compared to average US statistics. For investors, real estate agents, or families considering relocation, this insight into class sizes can inform decisions related to property value and community engagement, as well as predict potential educational outcomes and satisfaction rates.
