Sumner County Real Estate and Livability Trends
Sumner County, Tennessee has experienced notable economic growth, marked by a rise in average taxable income from $58,703.06 in 2013 to $95,389.79 in 2021 and a drop in the poverty rate from 9.6% in 2015 to 5.7% in 2022. Median home values nearly doubled from $178,000 in 2015 to $332,700 in 2022, surpassing state and national averages. Improved safety measures are reflected in the declining... Read more
Sumner County Market Trends
Sumner County, Tennessee has experienced a robust jump in median home values over the past eight years, going from $178,000 in 2015 to $332,700 by 2022, outpacing both state and national averages. The county has also seen a rise in residential energy tax credits, peaking at $1454.55 in 2018, indicating a trend towards energy-efficient home improvements. Real estate taxes have nearly doubled over... Read more
Median Value of Occupied Housing Units in Sumner County, Tennessee Over the Last 8 Years
Sumner County, Tennessee has experienced a robust jump in median home values over the past eight years, outpacing both national and state averages. In 2015, the median value in Sumner County was $178,000, steadily rising to $332,700 by 2022. By comparison, the state of Tennessee saw an increase from $142,100 to $232,100, while nationally, home values went from $125,500 to $179,400 over the same period. This significant growth may suggest rising demand and a strong local economy, making Sumner County potentially attractive for real estate investors, new residents, and developers.
Residential Energy Tax Credit Per Tax Return in Sumner County, TN Over the Last 9 Years
Sumner County, Tennessee, shows a substantial increase in the average residential energy tax credit per tax return over the last nine years. The credit peaked sharply in 2018 at $1454.55, indicating significant investment in energy-efficient home improvements that year. The trend suggests residents are increasingly prioritizing sustainable energy solutions, which could be crucial information for investors, property developers, and insurance agents. The noticeable spikes and overall growth may imply rising property values and potential savings from energy-efficient investments, making it an attractive area for new homeowners and environmentally-conscious residents.
Average Real Estate Taxes Per Tax Return in Sumner County, TN Over the Last 10 Years
Sumner County, Tennessee has seen a steady increase in average real estate taxes per tax return over the past decade, rising from around $2,072.75 in 2012 to approximately $4,343.56 in 2021. Notably, there's a sharp hike from 2017 to 2018, jumping from about $2,726.66 to $3,551.38, indicating a significant shift likely tied to rising property values or local tax policy changes. This trend is essential for potential investors, home buyers, appraisers, and others involved in real estate to consider, as it may impact future costs and property values in the area.
Percentage of Farm Returns in Sumner County, TN Over the Last 10 Years
Farm tax returns in Sumner County, Tennessee, have shown a gradual decline over the past decade, decreasing from approximately 2.02% in 2012 to around 1.40% in 2021. This trend may suggest a shift in the agricultural landscape, possibly due to urbanization, changes in land use, or economic pressures on farming operations. For those looking to invest, move to, or build property in Sumner County, understanding these trends could be crucial, as it affects land value, availability, and potential changes in local economic activities. Farm tax returns are essentially tax filings by agricultural enterprises, reflecting the economic health and viability of farming within the county.
Number of Mortgages by Occupancy Type in Sumner County, TN Over the Last 5 Years in Sumner County
Sumner County, Tennessee, has seen a consistent predominance in mortgages for principal residences, significantly overshadowing those tied to investment and second properties. This trend may influence perceived stability and attractiveness of the housing market for potential investors and new residents, possibly indicating lower risk and a community-focused environment. For real estate agents and appraisers, understanding these occupancy type dynamics could be essential for pricing strategies and property value assessments, while insurance agents might adjust policy offerings accordingly. This data reflects broader economic and demographic shifts that can inform decisions related to construction, development, and long-term planning in the area.
Economic Outlook
Sumner County, Tennessee has seen significant increases in average taxable income per tax return, from $58,703.06 in 2013 to $95,389.79 in 2021, highlighting a trend of growing affluence. Additionally, the average state and local income taxes have risen, particularly sharply post-2017, peaking at $16,055.56 in 2021. The total tax liability per tax return also shows an upward trend, with notable hikes, such as from $14,448.52 in 2020 to $17,017.13 in 2021. This upswing in incomes and taxes is... Read more
Average Taxable Income per Tax Return in Sumner County, TN over the last 9 years
Sumner County, Tennessee has seen notable increases in average taxable income per tax return over the last nine years, jumping from approximately $58,703.06 in 2013 to about $95,389.79 in 2021. This trend suggests a growing affluence in the area, potentially making it an attractive option for investors and real estate agents looking to capitalize on rising incomes. For those considering moving to Sumner County or currently living there, the upward trajectory in earnings might make the area seem more promising for economic opportunities. Additionally, these increases could be relevant for appraisers and insurance agents when assessing property values and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Sumner County, TN Over the Last 10 Years
Over the last decade in Sumner County, Tennessee, the average state and local income taxes per tax return have shown a notable upward trend. Starting from $7,700.65 in 2012, the increase became particularly steep post-2017, peaking at $16,055.56 in 2021. This spike in taxes is a significant metric for potential investors, homeowners, and financial professionals, indicating potential rising costs that could impact budgets and financial planning in the area. The volatility and sharp increase in tax rates are crucial factors for real estate agents and appraisers as they assess market values and future tax implications for properties.
Average Total Tax Liability Per Tax Return in Sumner County, TN Over the Last 10 Years
Sumner County, Tennessee has seen a noticeable upward trend in average total tax liability per tax return over the past decade. Starting at $9,944.33 in 2012, the tax burden steadily increased, with a few fluctuations, reaching $17,017.13 by 2021. This rise, especially the spike from $14,448.52 in 2020 to $17,017.13 in 2021, could suggest growing economic factors or shifts in local policies impacting residents' incomes. Understanding these trends is crucial for investors, real estate agents, and other stakeholders as they provide insight into the area's economic trajectory and potential future tax implications.
Cost of Living in Sumner County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,633 | $1,572 | $1,850 | $1,152 | $1,085 |
| 1 adult 4 children | $1,633 | $1,284 | $1,414 | $1,152 | $1,202 |
| 2 adults 3 children | $1,633 | $1,285 | $1,605 | $1,152 | $874 |
| 1 adult 3 children | $1,633 | $1,049 | $1,169 | $1,152 | $978 |
| 2 adults 2 children | $1,306 | $1,052 | $1,361 | $1,059 | $749 |
| 1 adult 2 children | $1,306 | $785 | $925 | $1,059 | $738 |
| 2 adults 1 child | $1,306 | $831 | $1,116 | $757 | $771 |
| 1 adult 1 child | $1,306 | $537 | $680 | $757 | $680 |
| 2 adults | $1,157 | $668 | $872 | $0 | $663 |
| 1 adult | $1,132 | $364 | $436 | $0 | $574 |
Safety trends & Data
Investing in Sumner County, Tennessee might require weighing the declining numbers in overall property crimes, with burglaries dropping from 115.00 in 2018 to 61.00 in 2022. Larceny-theft arrests also show a reduction, though with some fluctuations. Arson and embezzlement arrests hit notably low points. These trends could suggest improving security measures or changing criminal behavior patterns, prompting cautious optimism among investors, insurers, and real estate... Read more
Property Crime Trends in Sumner County, TN Over the Last 5 Years
Investing in Sumner County, Tennessee might require weighing the declining numbers in overall property crimes, especially the substantial drop from 2018 to 2022. The most significant decrease appears in burglaries, from 115.0 in 2018 to 61.0 in 2022. Larceny-theft arrests also show a substantial but less consistent reduction, indicating possible fluctuations in theft-related activities. Interestingly, arson and embezzlement arrests hit notably low points, suggesting lesser incidences but not necessarily eradicated risks. These trends could imply improving security measures or changing criminal behavior patterns, still calling for cautious optimism among prospective investors, insurers, and real estate stakeholders.
Demographics
Sumner County, Tennessee sees a fairly balanced gender distribution with a slight female majority. The region's educational attainment shows a significant portion of the adult population achieved high school graduation or higher, which potentially speaks to a well-educated workforce. The age distribution indicates a wide range of age groups with the largest concentrations in the 25 to 54 years range, suggesting a robust working-age population. The racial composition is predominantly White, but... Read more
Race Distribution in Sumner County, Tennessee (2022)
Educational Attainment in Sumner County, Tennessee (2022)
Age Distribution in Sumner County, Tennessee
Citizen Population in Sumner County, Tennessee (2022)
Political Trends & Data
Sumner County, Tennessee showed a distinct conservative inclination in the 2020 Presidential Election, with the Republican party receiving about 69% of the votes. The Democratic party lagged significantly, pulling in around 30%, while minor parties were barely a blip on the radar. This political climate could be a critical consideration for potential real estate investments, particularly in shaping buyer and renter expectations within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sumner County in Tennessee displayed a noticeable preference for the Republican party, which garnered roughly 69% of the votes in the 2020 Presidential Election. The Democratic party, by comparison, secured around 30% of the vote. Minor parties, including the Libertarian and Green parties, had no significant representation, with the "Other" category capturing just over 1% of the votes. This distribution could suggest a strong conservative leaning within the county's electorate.
68.50% of voters voted for the Republican party in the 2020 Presidential Election
29.88% of voters voted for the Democrat party in the 2020 Presidential Election
1.62% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Sumner County, Tennessee, has generally hovered slightly above the national average of 14 students per teacher. Following a peak at nearly 16 students per teacher in 2020, it dipped to 14.76 in 2021 and stayed level in 2022 before rising again to 15.49 in 2023. This fluctuating trend may impact class sizes and the quality of education, offering valuable insights for potential investors, real estate agents, and families considering a move to... Read more
Student-to-teacher ratio in Sumner County, Tennessee over the last 10 years
Over the past decade, the student-to-teacher ratio in Sumner County, Tennessee, has generally hovered slightly above the national average of 14 students per teacher. Following a peak at nearly 16 students per teacher in 2020, the ratio saw a dip to 14.76 in 2021 and remained there in 2022 before rising again to 15.49 in 2023. This fluctuating trend could be crucial for potential investors, real estate agents, and families considering a move to the area, as it impacts class sizes and potentially the quality of education. For appraisers and insurance agents, understanding these trends also provides insight into community investments in education infrastructure and future growth trajectories of the county.
