Unicoi County Real Estate and Livability Trends
Unicoi County, Tennessee boasts a significant rise in average taxable income and median home values, pointing to an improving economic landscape that could catch the eye of investors. While still below state and national medians, the increase in home values suggests affordable opportunities for entry-level investments. The downtrend in property crimes further boosts its appeal, potentially... Read more
Unicoi County Market Trends
Unicoi County, Tennessee, has seen a notable rise in median home values, jumping from $137,100 in 2021 to $150,600 in 2022. This still lags behind Tennessee’s median of $232,100 and the national median of $179,400, which could offer more affordable entry points for investors. The trend of rising residential energy tax credits suggests increased interest in energy-efficient improvements, which... Read more
Median Value of Occupied Housing Units in Unicoi County, Tennessee Over the Last 8 Years
Unicoi County, Tennessee, has seen a consistent rise in median home values over the past eight years, with a particular jump from $137,100 in 2021 to $150,600 in 2022. Despite this steady increase, the county's median home values still lag behind both the state and national figures. Tennessee's median reached $232,100 in 2022, while the national median hit $179,400. This relatively lower median value could present a potential opportunity for investors or buyers seeking more affordable entry points into the real estate market.
Residential Energy Tax Credit Per Tax Return in Unicoi County, TN Over the Last 9 Years
Across Unicoi County, Tennessee, over the past nine years, there has been notable fluctuation in the average residential energy tax credit per tax return, peaking at $750.00 in 2018 and maintaining relatively high levels in 2020 and 2021. The upward trend in recent years suggests possible increased investments in energy-efficient home improvements, which might be attractive for potential homebuyers and investors focusing on green initiatives. This can also present implications for appraisers and insurance agents, as properties with energy-efficient upgrades could have higher valuations and potentially lower risk profiles. For real estate agents and developers, this trend may signal a rising market expectation for energy-efficient properties.
Average Real Estate Taxes Per Tax Return in Unicoi County, TN Over the Last 10 Years
Unicoi County, Tennessee has experienced notable fluctuations in average real estate taxes per tax return over the past decade, with a marked increase from $1,680.68 in 2012 to a peak of $3,253.85 in 2020. This upward trend might be indicative of rising property values or changes in local tax policies. For potential investors or those considering a move to the area, these changes suggest a growing investment in the county's infrastructure. Real estate agents and appraisers should consider these factors when evaluating property values, while insurance agents might need to adjust coverage estimates accordingly. Build property owners might also want to factor in these tax trends for future financial planning.
Percentage of Farm Returns in Unicoi County, TN Over the Last 10 Years
Farm tax returns in Unicoi County, Tennessee, have shown some fluctuation over the past decade. In 2012, about 1.51% of returns were related to farms, a figure that slightly rose to 1.65% in 2013 but later dipped to approximately 1.49% by 2015. By 2017 and 2018, the percentage hovered just above 1.60%. However, more recent years saw a decline, reaching around 1.29% by 2021. For potential investors, builders, or residents, these trends might suggest either a stable small-scale farming presence or a dwindling one, potentially impacting agricultural investments, land use planning, or community composition in the area.
Number of Mortgages by Occupancy Type in Unicoi County, TN Over the Last 5 Years in Unicoi County
Over the past five years in Unicoi County, Tennessee, the number of mortgages for principal residences significantly outpaced those for investment and second residences. Despite a sharp decrease in principal residence mortgages in 2022, they have consistently dominated the market compared to other types. Shifts in occupancy type can hint at changing local economic conditions or preferences. For investors, a steady or increasing number of investment property mortgages might indicate potential rental income opportunities. For those moving to the area, the high number of principal residence mortgages could suggest a stable community with less transient populations, impacting property values and neighborhood cohesion. Appraisers and insurance agents might find these trends useful for risk assessments and setting premiums, as the prevalent property usage can affect risk profiles and market valuations. Real estate agents, builders, and those generally interested in or living in the area should consider how these patterns align with broader economic trends and their long-term impacts on local real estate markets.
Economic Outlook
Unicoi County, Tennessee has seen a significant rise in average taxable income per tax return over the past nine years, jumping from $42,376.41 in 2013 to $54,748.03 in 2021. This growth trend signals a potentially improving economic landscape, attracting attention from investors and real estate professionals. State and local income taxes have also shown volatility, peaking at $7,566.67 in 2021, suggesting dynamic economic conditions. Additionally, the average total tax liability per tax return... Read more
Average Taxable Income per Tax Return in Unicoi County, TN over the last 9 years
Over the past nine years, Unicoi County, Tennessee has experienced a notable upward trend in average taxable income per tax return. Starting at roughly $42,376.41 in 2013, the average income saw modest increases until a significant jump in 2018 when it reached approximately $47,123.69. The most striking rise occurred in 2021 with an average income of $54,748.03. These trends suggest a potentially growing and economically improving area, which could be of interest to investors, real estate agents, and individuals considering relocation or property development. Appraisers and insurance agents may also find these data points useful when assessing property values and insurance rates.
Average State and Local Income Taxes Per Tax Return in Unicoi County, TN Over the Last 10 Years
Over the past decade, Unicoi County, Tennessee has seen a notable fluctuation in average state and local income taxes per tax return. Between 2012 and 2014, the figures hovered just below $4,000, then dipped slightly in 2015 to $3,483.33. However, a noticeable increase began in 2016, reaching a peak in 2021 at $7,566.67. This volatility indicates a dynamic economic landscape, which can be crucial for potential investors, real estate agents, and those considering building property in the area. It suggests possible changes in income levels or local tax policies that could be key considerations for future financial planning and investment strategies.
Average Total Tax Liability Per Tax Return in Unicoi County, TN Over the Last 10 Years
Average total tax liability per tax return in Unicoi County, Tennessee has exhibited notable fluctuations over the past decade. There's been a general upward trend, with the average liability increasing from around $5,296.07 in 2012 to approximately $7,053.86 in 2021. The most significant hikes occurred between 2012-2013 and 2020-2021, indicating potential economic shifts or changes in tax regulations. This information is crucial for potential investors, property developers, and real estate agents as it could influence property costs and the overall financial climate of the county.
Cost of Living in Unicoi County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $945 | $1,532 | $1,916 | $899 | $711 |
| 1 adult 4 children | $945 | $1,251 | $1,465 | $899 | $719 |
| 2 adults 3 children | $945 | $1,252 | $1,663 | $899 | $533 |
| 1 adult 3 children | $945 | $1,022 | $1,212 | $899 | $503 |
| 2 adults 2 children | $747 | $1,025 | $1,409 | $820 | $502 |
| 2 adults 1 child | $747 | $810 | $1,156 | $564 | $538 |
| 1 adult 2 children | $747 | $765 | $958 | $820 | $413 |
| 1 adult 1 child | $747 | $523 | $705 | $564 | $429 |
| 2 adults | $618 | $651 | $902 | $0 | $480 |
| 1 adult | $598 | $355 | $451 | $0 | $413 |
Safety trends & Data
In Unicoi County, Tennessee, property crimes have generally trended downward over the past five years, potentially creating a more attractive environment for property investments and relocations. Burglaries dropped from 28 in 2019 to just 3 in 2022, while larceny-theft incidents fell from 54 to 15 over the same period. Motor vehicle theft has fluctuated, but the overall improvement in neighborhood safety could boost property values and lower insurance premiums, making the area appealing for... Read more
Property Crime Trends in Unicoi County, TN Over the Last 5 Years
Over the last five years in Unicoi County, Tennessee, property crimes such as burglary, larceny-theft, and vandalism have generally trended downward, providing a potentially favorable environment for those considering property investments or moving to the area. Notably, burglaries decreased from 28 in 2019 to just 3 in 2022, and larceny-theft saw a significant drop from 54 in 2019 to 15 in 2022. While motor vehicle theft has fluctuated, overall crime rates suggest an improvement in neighborhood safety. This downward trend may enhance property values and reduce insurance premiums, making Unicoi County an appealing option for real estate agents, appraisers, and insurance providers alike.
Demographics
Unicoi County, Tennessee, shows a fairly balanced adult gender distribution with a slight female majority. When it comes to education, a significant portion of the population holds a high school diploma, while fewer residents possess bachelor's or graduate degrees. The age distribution reveals a substantial number of residents aged 55 years and older, indicating a potentially aging population. Racially, the county is overwhelmingly White, with small representations from Black or African... Read more
Race Distribution in Unicoi County, Tennessee (2022)
Educational Attainment in Unicoi County, Tennessee (2022)
Age Distribution in Unicoi County, Tennessee
Citizen Population in Unicoi County, Tennessee (2022)
Political Trends & Data
Unicoi County in Tennessee leaned heavily Republican in the 2020 U.S. Presidential Election, with almost 80% of the vote reportedly going to the Republican candidate. The Democratic candidate potentially received around 19%, and other parties barely broke 1%. This strong preference for Republican candidates might hint at underlying community values and political tendencies, offering a critical insight for anyone looking to move or invest in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Unicoi County in Tennessee appears to have leaned significantly Republican in the 2020 U.S. Presidential Election, with nearly 80% of its votes potentially going to the Republican candidate. The Democratic candidate may have garnered around 19%, with other parties making up just over 1% of the vote. This suggests a strong Republican preference among voters in this county, but an underlying note is the minimal support for third-party candidates.
79.44% of voters voted for the Republican party in the 2020 Presidential Election
19.44% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Unicoi County, Tennessee, the student-to-teacher ratio has fluctuated notably over the past decade, peaking at 20 students per teacher in 2020 before settling back to around 16. These educational dynamics matter because families seeking lower ratios might drive up property values, while appraisers and insurance agents could weigh these trends in their assessments. For investors, tracking these fluctuations could reveal broader community needs and potential growth... Read more
Student-to-teacher ratio in Unicoi County, Tennessee over the last 10 years
Unicoi County, Tennessee has seen fluctuations in its student-to-teacher ratio over the past decade, with notable peaks and troughs. While starting the period slightly above the national average of 14 students per teacher, it momentarily dipped below this benchmark in 2016 but rose dramatically to 20 students per teacher in 2020, indicating potential challenges in maintaining smaller class sizes during that year. More recently, the ratio has settled back to around 16 students per teacher, which may still suggest limited individual attention compared to national standards. Such fluctuations can significantly impact the local real estate market, as families often prioritize areas with lower student-to-teacher ratios, leading to increased property values. Additionally, Appraisers might also consider the educational environment's stability when valuing properties, while insurance agents could factor in demographic shifts relating to school enrollment. For investors, understanding these educational trends can offer insights into broader community needs and potential growth.
