Tipton County Real Estate and Livability Trends
Real estate professionals might find Tipton County, Tennessee compelling due to its dynamic economic conditions and consistently rising average taxable income, which jumped from $46,874.42 in 2013 to $61,385.82 by 2021. Median home values have surged from $139,600 in 2015 to $203,500 in 2022, signaling an uptick in property values and possibly reflecting the area's economic growth. The increase... Read more
Tipton County Market Trends
Tipton County, Tennessee has seen its median home value jump from $139,600 in 2015 to $203,500 in 2022, positioning it as a relatively affordable alternative compared to broader state and national averages. The average residential energy tax credit per tax return has notably increased, peaking at $1,375.86 in 2021, highlighting a rise in energy-efficient home investments—an attractive selling... Read more
Median Value of Occupied Housing Units in Tipton County, Tennessee Over the Last 8 Years
Tipton County, Tennessee, has seen its median home value rise from $139,600 in 2015 to $203,500 in 2022, which represents a significant increase. Comparatively, the median value of homes across Tennessee and the United States were $232,100 and $179,400 respectively in 2022, suggesting that Tipton County may offer more affordable housing options. This growth trend could indicate a burgeoning market potential, particularly enticing for those interested in property investment or relocating to a region with steady appreciation yet still relatively lower costs than broader state and national averages.
Residential Energy Tax Credit Per Tax Return in Tipton County, TN Over the Last 9 Years
The average residential energy tax credit per tax return in Tipton County, Tennessee has shown a significant upward trend over the past nine years. Starting from a lower base of around $272.13 in 2013, it saw a steady rise, peaking impressively at $1375.86 in 2021. Noteworthy is the dramatic spike in 2018, at $1325.00, which suggests a considerable increase in energy-efficient investments or installations during these periods. For those looking to invest or build property, this trend signals a growing community focus on energy efficiency, potentially offering tax incentives and long-term savings. Real estate agents and appraisers might find this an appealing selling point to potential buyers and investors. Similarly, those living in or moving to Tipton County could benefit from understanding these potential financial perks.
Average Real Estate Taxes Per Tax Return in Tipton County, TN Over the Last 10 Years
In Tipton County, Tennessee, the average real estate taxes per tax return have shown a noticeable upward trend over the past decade. Starting from approximately $1,415.44 in 2012, taxes have incrementally increased each year, reaching around $2,203.66 by 2021. Notable jumps can be seen, such as from $1,637.10 in 2017 to $2,028.57 in 2018. This steady rise could indicate increasing property values or changes in tax policies, potentially impacting home affordability and market dynamics. For investors, buyers, and real estate professionals, these trends might suggest a shifting economic landscape in Tipton County.
Percentage of Farm Returns in Tipton County, TN Over the Last 10 Years
The percentage of farm tax returns in Tipton County, Tennessee, has shown a subtle but consistent decline over the past decade, moving from around 2.07% in 2012 to approximately 1.69% in 2021. Farm tax returns capture the economic contributions of agricultural activities in the area and serve as an indicator of the overall vitality and investment in farming. This downward trend might suggest a gradual shift away from agriculture, potentially due to urbanization, changing economic conditions, or evolving land use patterns. Understanding these shifts is crucial for anyone looking to invest in property or agricultural ventures in Tipton County, as the declining farm returns could reflect broader changes in the local economy and land utilization.
Number of Mortgages by Occupancy Type in Tipton County, TN Over the Last 5 Years in Tipton County
Over the last five years in Tipton County, Tennessee, there has been a noticeable fluctuation in the number of mortgages across different occupancy types. The count for principal residences peaked in 2021 at 4,686 but showed a significant decline to 3,158 in 2022. Investment properties and second residences also saw shifts with investment properties reaching a high in 2021 at 202 before dropping to 154 the following year. These changes in occupancy types matter for potential investors and residents alike, indicating market stability or volatility and influencing future property values and community demographics. Appraisers and insurance agents may utilize this trend to assess risk and property value projections, while real estate agents can tailor their strategies based on the evolving demand for different property types.
Economic Outlook
Tipton County, Tennessee has seen a consistent rise in average taxable income per tax return over the past nine years, moving from $46,874.42 in 2013 to $61,385.82 by 2021, suggesting economic growth and increased earning potential. While state and local income taxes have fluctuated, the long-term trend shows an upward shift with peaks and dips, hitting highs of $4,830.43 in 2015 and $4,822.22 in 2020 but slightly falling to $4,527.27 in 2021. The county's total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Tipton County, TN over the last 9 years
Over the past nine years, Tipton County, Tennessee has shown a steady increase in average taxable income per tax return, starting at approximately $46,874.42 in 2013 and reaching around $61,385.82 by 2021. This trend could indicate a growing economy and higher earning potential, making it a potentially attractive area for investors, real estate agents, and those looking to move. However, appraisers and insurance agents might need to consider the rising incomes when evaluating property values and premiums.
Average State and Local Income Taxes Per Tax Return in Tipton County, TN Over the Last 10 Years
Tipton County, Tennessee has seen fluctuating trends in average state and local income taxes per tax return over the last decade. The figures ranged from a low of around $3,740.00 in 2013 to a high of $4,830.43 in 2015. Notably, after a significant dip in 2016 to approximately $3,842.86, the amounts generally increased, peaking again at $4,822.22 in 2020 before slightly dropping to $4,527.27 in 2021. These variations can be pivotal for potential investors, homeowners, and real estate professionals analyzing tax implications, as it suggests a dynamic tax environment worth considering in financial planning.
Average Total Tax Liability Per Tax Return in Tipton County, TN Over the Last 10 Years
In Tipton County, Tennessee, the average total tax liability per tax return has shown a general upward trajectory over the past decade, climbing from around $5,969.40 in 2012 to approximately $8,257.12 in 2021. This trend reflects potential economic growth or shifts in income levels within the county. The significant spike in 2020 and 2021 could be indicative of broader economic changes or tax policy adjustments during that period. Prospective investors, real estate developers, and insurance agents might find these patterns useful for forecasting economic conditions and property values in the area.
Cost of Living in Tipton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,206 | $1,448 | $1,769 | $899 | $787 |
| 1 adult 4 children | $1,206 | $1,182 | $1,351 | $899 | $863 |
| 2 adults 3 children | $1,206 | $1,183 | $1,535 | $899 | $618 |
| 1 adult 3 children | $1,206 | $966 | $1,118 | $899 | $656 |
| 2 adults 2 children | $912 | $968 | $1,302 | $820 | $566 |
| 2 adults 1 child | $912 | $765 | $1,068 | $564 | $607 |
| 1 adult 2 children | $912 | $723 | $884 | $820 | $507 |
| 1 adult 1 child | $912 | $494 | $651 | $564 | $496 |
| 2 adults | $797 | $615 | $835 | $0 | $542 |
| 1 adult | $707 | $335 | $417 | $0 | $463 |
Safety trends & Data
Property crime trends in Tipton County, Tennessee, over the past five years exhibit notable shifts that might influence local real estate dynamics. Larceny-Theft incidents saw a dramatic decrease from a peak of 326.0 in 2019 to just 44.0 in 2022. Burglary rates climbed to 46.0 in 2020 but have since dropped to 16.0 by 2022. Fraud cases had an unusual spike to 75.0 in 2020, though Vandalism rates have remained relatively stable, peaking at 73.0 in 2019. These fluctuations could affect property... Read more
Property Crime Trends in Tipton County, TN Over the Last 5 Years
Analyzing property crime trends over five years in Tipton County, Tennessee, reveals notable fluctuations. Larceny-Theft incidents peaked in 2019 at 326.0, but dropped significantly by 2022 to 44.0. Burglary cases spiked in 2020 at 46.0 but experienced a sharp decline by 2022 to 16.0. Fraud saw an unusual surge in 2020 with 75.0, while Vandalism remained relatively steady, peaking at 73.0 in 2019. These patterns could impact property values, insurance rates, and investment decisions, offering a clearer risk assessment for potential residents and stakeholders.
Demographics
In Tipton County, Tennessee, the adult population is slightly more female than male, with 23,456 females to 22,567 males. Educationally, the majority have at least a high school diploma; however, a notable segment only completed up to some college without obtaining a degree. Age-wise, the county sees a relatively balanced distribution with a slight bulge in the 35 to 64 years range. When it comes to race, the county is predominantly White, with Black or African American making up a smaller but... Read more
Race Distribution in Tipton County, Tennessee (2022)
Educational Attainment in Tipton County, Tennessee (2022)
Age Distribution in Tipton County, Tennessee
Citizen Population in Tipton County, Tennessee (2022)
Political Trends & Data
Tipton County, Tennessee, shows a significant Republican preference with approximately 73.5% of the 2020 presidential votes likely going to the Republican party and about 25% leaning Democratic. Minor parties, including Libertarian and Green, did not appear to make a notable impact, collectively capturing around 1.5% of the vote. This political landscape could have various implications for local policy and market dynamics, potentially influencing buyer preferences and investment strategies in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tipton County, Tennessee, nearly 73.5% of the 2020 presidential votes seemingly went to the Republican party, compared to roughly 25% for the Democrats. While the Libertarian and Green parties did not secure any significant share, other minor parties collectively garnered about 1.5% of the votes. This distribution suggests a strong Republican lean with limited competition from third parties.
73.49% of voters voted for the Republican party in the 2020 Presidential Election
25.04% of voters voted for the Democrat party in the 2020 Presidential Election
1.47% of voters voted for the Other party in the 2020 Presidential Election
School Data
Tipton County, Tennessee has seen its student-to-teacher ratio fluctuate over the past decade, peaking at 16 students per teacher in 2015 and dipping to 14 in 2016. While generally above the national average, recent years show a slight decline, hinting at possible improvements in education quality. This trend could make Tipton County appealing for families, real estate investors, and potentially result in higher property values due to improved school... Read more
Student-to-teacher ratio in Tipton County, Tennessee over the last 10 years
Tipton County, Tennessee has experienced fluctuations in its student-to-teacher ratio over the last decade, with numbers ranging from a high of 16 students per teacher in 2015 to a low of around 14 in 2016. While the ratio has generally hovered above the national average of 14 students per teacher, recent years indicate a slight decline, suggesting potential improvements in classroom sizes and attention per student. For investors, real estate agents, and families considering a move to Tipton County, these changes may signal a growing focus on education quality, potentially making the area more attractive for long-term investment and family life. Appraisers and insurance agents might find that the trend toward smaller class sizes could correlate with higher school ratings and, consequently, higher property values in the region.
