Sullivan County Real Estate and Livability Trends
Sullivan County, Tennessee, has experienced a significant rise in average taxable income per tax return, which climbed to $68,320.61 in 2021, hinting at enhanced earning opportunities that could impact property values. The notable increase in state and local income taxes, alongside a milestone in total tax liability surpassing $11,000.00 per tax return, suggests economic growth, possibly... Read more
Sullivan County Market Trends
Sullivan County, Tennessee, has experienced a steady rise in median home values since 2015, but still remains lower compared to Tennessee and national averages, potentially offering attractive opportunities for cost-effective investments. Residential energy tax credits showed significant variability, with a peak in 2018, pointing towards fluctuating policy or adoption rates that might interest... Read more
Median Value of Occupied Housing Units in Sullivan County, Tennessee Over the Last 8 Years
Sullivan County, Tennessee, has seen a steady rise in median home values over the past eight years, increasing from $124,900 in 2015 to $173,000 in 2022. Though this growth is significant, it remains lower than the state of Tennessee, where values surged from $142,100 in 2015 to $232,100 in 2022. Nationally, the median values climbed from $125,500 to $179,400 over the same period. Sullivan County's more affordable housing could present opportunities for investors and new residents seeking cost-effective options compared to both state and national averages.
Residential Energy Tax Credit Per Tax Return in Sullivan County, TN Over the Last 9 Years
Residential energy tax credits in Sullivan County, Tennessee have shown variability over the last nine years, with a significant spike in 2018 reaching $1461.54. The typical range fluctuated between approximately $391.35 and $737.31 in most years, indicating potential changes in policy, adoption rates, or energy-efficient investments. Investors and property developers might find these trends useful when considering the potential for energy efficiency improvements and sustainable building practices in the area, as tax incentives could impact long-term cost savings and market appeal.
Average Real Estate Taxes Per Tax Return in Sullivan County, TN Over the Last 10 Years
Sullivan County, Tennessee has experienced a consistent increase in real estate taxes per tax return over the past decade, almost doubling from $2,203.89 in 2012 to $4,024.44 in 2021. This upward trajectory could potentially indicate rising property values, which might be attractive for investors or those looking to capitalize on property appreciation. With real estate taxes reflecting overall economic health and investment attractiveness, this trend may also be pertinent for real estate agents, appraisers, and insurance assessors operating in the area. For prospective residents or those interested in building, it's crucial to consider how these escalating taxes could impact overall housing costs.
Percentage of Farm Returns in Sullivan County, TN Over the Last 10 Years
Over the past ten years, Sullivan County, Tennessee has seen a gradual decline in the percentage of farm tax returns, dropping from approximately 1.77% in 2012 to about 1.46% in 2021. Farm tax returns generally reflect the financial viability and operational status of farms, tied closely to income and expenditures from farming activities. This downward trend may suggest evolving economic conditions, such as smaller margins for farm profitability or shifts in land use, hinting at potential caution for those considering agricultural investments in the area.
Number of Mortgages by Occupancy Type in Sullivan County, TN Over the Last 5 Years in Sullivan County
Sullivan County, Tennessee has exhibited varied trends in mortgage types over the last five years. Principal residence mortgages have dominated and increased significantly, especially from 2018 to 2021 before slightly dropping in 2022. Meanwhile, investment property mortgages show a more gradual increase, indicating a growing interest in real estate investment in the area. Mortgages for second residences have remained relatively stable but low. These changes are crucial for potential investors, as they suggest a robust demand for primary homes, which could imply a stable or growing population. Real estate agents, appraisers, and insurance agents might find the increasing focus on principal residences relevant, as it affects property values, risk assessments, and market strategies. Property developers and home builders may also consider these trends when planning new projects to meet the demand for principal residences.
Economic Outlook
Sullivan County, Tennessee, has seen a notable rise in average taxable income per tax return, jumping to $68,320.61 in 2021. This upward trend could suggest improved earning opportunities, potentially impacting property values and offering valuable insights for investors and developers. The average state and local income taxes per tax return have also significantly increased, from $5,675.26 in 2012 to $12,088.46 in 2021, indicating possible economic growth or tax policy changes. Additionally,... Read more
Average Taxable Income per Tax Return in Sullivan County, TN over the last 9 years
Sullivan County, Tennessee, has seen a consistent rise in average taxable income per tax return over the past nine years. Notably, there was a significant jump in 2021 to $68,320.61. This trend may suggest potential economic growth and improved earning opportunities in the area, making it an attractive consideration for investors, real estate developers, and new residents. Increased income levels could also impact property values and insurance premiums, offering valuable insights for appraisers and insurance agents.
Average State and Local Income Taxes Per Tax Return in Sullivan County, TN Over the Last 10 Years
Average state and local income taxes per tax return in Sullivan County, Tennessee over the last decade exhibit a notable upward trajectory. Starting at approximately $5,675.26 in 2012, the figures experienced various fluctuations, peaking significantly in recent years, reaching around $12,088.46 in 2021. This notable increase, particularly from 2017 onwards, could suggest economic growth or changes in tax policies, impacting individuals and investors alike. For potential homebuyers, investors, and real estate agents, this trend might indicate shifting financial landscapes and underscore the importance of reassessing financial commitments and investment strategies within Sullivan County.
Average Total Tax Liability Per Tax Return in Sullivan County, TN Over the Last 10 Years
Sullivan County, Tennessee, has seen a noticeable increase in average total tax liability per tax return over the past decade, rising from $8,290.16 in 2012 to $11,089.87 in 2021. This upward trend might signal factors such as increasing property values or economic growth, impactful for potential investors or those looking to move to the area. The significant jump in 2021, surpassing $11,000.00, could attract appraisers and insurance agents interested in the factors driving these changes. Such data may also help real estate agents, developers, and residents understand the area's evolving financial landscape.
Cost of Living in Sullivan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,062 | $1,476 | $1,916 | $1,152 | $781 |
| 1 adult 4 children | $1,062 | $1,205 | $1,465 | $1,152 | $837 |
| 2 adults 3 children | $1,062 | $1,206 | $1,663 | $1,152 | $607 |
| 1 adult 3 children | $1,062 | $984 | $1,212 | $1,152 | $600 |
| 2 adults 2 children | $809 | $987 | $1,409 | $1,059 | $547 |
| 1 adult 2 children | $809 | $737 | $958 | $1,059 | $473 |
| 2 adults 1 child | $809 | $780 | $1,156 | $757 | $577 |
| 1 adult 1 child | $809 | $504 | $705 | $757 | $472 |
| 2 adults | $639 | $627 | $902 | $0 | $473 |
| 1 adult | $595 | $342 | $451 | $0 | $405 |
Safety trends & Data
Sullivan County, Tennessee, exhibits a mixed trend in property crimes over the past five years. Larceny-theft leads, though it notably dropped from 1,078 incidents in 2018 to around 735 in 2021 and 2022. Burglary numbers peaked at 198 in 2019 but fell to 115 by 2022, while motor vehicle thefts varied, hitting a high of 166 in 2019 and decreasing to 118 in 2022. Vandalism and fraud show irregular patterns, with peaks of 175 and 297 in 2021 and 2019, respectively. These fluctuations underscore... Read more
Property Crime Trends in Sullivan County, TN Over the Last 5 Years
Sullivan County, Tennessee, shows a mixed trend in property crimes over the past five years. Arson and embezzlement remain relatively low, but larceny-theft consistently leads, despite a notable drop from 2018’s 1,078 incidents to 735 in both 2021 and 2022. Burglary numbers fluctuate, peaking at 198 in 2019 and falling to 115 by 2022. Motor vehicle thefts also see some variation, with a high of 166 in 2019 and a drop to 118 in 2022. Vandalism and fraud show irregular patterns, with vandalism peaking at 175 in 2021 and fraud hitting 297 in 2019. These fluctuations highlight the shifting nature of property crimes, making it crucial for investors, residents, and professionals to stay informed about crime trends when making decisions related to property and safety.
Demographics
Sullivan County in Tennessee showcases diverse demographic characteristics. The adult population skews slightly female, with notable differences in educational attainment, where high school graduates form the largest group. In terms of age, the county's population is concentrated in the middle-aged brackets, with people aged 55 to 64 years being a significant segment. The racial composition is predominantly White, with other racial groups making up smaller proportions. This demographic layout... Read more
Race Distribution in Sullivan County, Tennessee (2022)
Educational Attainment in Sullivan County, Tennessee (2022)
Age Distribution in Sullivan County, Tennessee
Citizen Population in Sullivan County, Tennessee (2022)
Political Trends & Data
Sullivan County, Tennessee, appears to have a strong Republican bent, with the party possibly securing around 75% of the votes in the 2020 U.S. Presidential Election. Democrats may have pulled in approximately 23%, hinting at a significant preference toward Republican candidates among local voters. The minor vote share captured by other parties suggests a dominant two-party dynamic in the area's political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sullivan County, Tennessee, leaned heavily Republican in the 2020 U.S. Presidential Election, with the party potentially securing around 75% of the votes. Democrats, on the other hand, garnered roughly 23%, suggesting a significant leaning in local voter preference. Other parties collectively contributed to just a small fraction of the vote, indicating a strong two-party preference among the electorate here.
75.12% of voters voted for the Republican party in the 2020 Presidential Election
23.23% of voters voted for the Democrat party in the 2020 Presidential Election
1.65% of voters voted for the Other party in the 2020 Presidential Election
School Data
Sullivan County, Tennessee has witnessed notable fluctuations in its student-to-teacher ratio, going from nearly 18 to approximately 14 students per teacher over the past ten years. These shifts hint at changes in school funding, teacher hiring, or student enrollment rates, which could influence real estate values and community appeal. Lower ratios might attract families looking for better educational environments, while higher ratios could indicate the need for upgraded educational resources... Read more
Student-to-teacher ratio in Sullivan County, Tennessee over the last 10 years
Sullivan County, Tennessee has seen its student-to-teacher ratio vary significantly over the past decade, peaking at nearly 18 students per teacher and eventually dropping to around 14. This is more aligned with the current national average of 14 students per teacher. For investors and those looking to move to the area, such shifts could imply changes in school funding, teacher hiring practices, or student enrollment rates. Real estate agents might find that lower ratios are a selling point for families, whereas a higher ratio could signal a potential need for additional educational resources or a lag in infrastructure updates. Insurance agents could consider these trends for their potential impact on community stability and growth.
