Van Buren County Real Estate and Livability Trends
Van Buren County, Tennessee, has seen a notable rise in average taxable income, surging from $35,086.99 in 2013 to $53,041.47 in 2021, suggesting potential economic growth that could attract investors and new residents. Median home values have reached $132,700 by 2022, still lower than state and national medians, offering attractive entry points for real estate investments. Meanwhile, real estate... Read more
Van Buren County Market Trends
Van Buren County, Tennessee, has experienced a notable rise in median home values, reaching $132,700 in 2022. Despite this increase, the county's median home prices remain considerably lower than both state and national medians, pointing to potentially lucrative entry points for investors. The average residential energy tax credit per tax return has surged to $725.00 by 2021, reflecting... Read more
Median Value of Occupied Housing Units in Van Buren County, Tennessee Over the Last 8 Years
Van Buren County, Tennessee has seen a steady rise in median home values over the past eight years, with a significant jump in 2022 to $132,700. While the increase suggests growing local demand, it still falls below Tennessee's 2022 median of $232,100 and the national median of $179,400. For investors and potential homeowners, this gap could indicate a more affordable entry point with potential for appreciation, especially considering the accelerating growth trend from 2021 onwards.
Residential Energy Tax Credit Per Tax Return in Van Buren County, TN Over the Last 6 Years
Over the past six years in Van Buren County, Tennessee, the average residential energy tax credit per tax return has seen noticeable fluctuations with an overall upward trend. Starting at $300.00 in 2013, the credit peaked significantly to $725.00 by 2021, suggesting growing investments or incentives in energy-efficient improvements. This could be particularly relevant for real estate investors or homeowners aiming to cut energy costs, insurance agents assessing sustainable home features, and appraisers calculating home values that could benefit from energy-saving upgrades. While 2015 and 2016 saw a flat trend around $340.00, the sharp increase by 2021 might indicate enhanced local or federal incentives encouraging more energy-efficient home improvements.
Average Real Estate Taxes Per Tax Return in Van Buren County, TN Over the Last 10 Years
Over the past decade, Van Buren County, Tennessee has seen a marked increase in average real estate taxes per tax return, peaking at $3,800.00 in 2019 from as low as $1,278.26 in 2012. An emerging trend of rising property tax rates could indicate growth or increases in assessed property values. Notable spikes, such as the jump to $2,320.00 in 2018 and $3,533.33 in 2020, highlight potential shifts in the county's economic landscape, which could be crucial for investors, realtors, and homeowners assessing the area's financial viability and long-term value.
Percentage of Farm Returns in Van Buren County, TN Over the Last 10 Years
Van Buren County, Tennessee, has seen fluctuations in the percentage of farm tax returns over the last decade. Starting at 10.67% in 2012, there was a general uptick peaking at around 11.84% in 2014, suggesting potential short-term growth in agricultural activities or reporting during that period. However, this percentage gradually declined to about 10.27% by 2021. Farm tax returns primarily indicate the number of farm operations generating taxable income, reflecting the economic health and viability of agriculture in the region. These trends could imply shifts in the local agricultural economy, operational consolidation, or changing reporting practices, valuable data points for investors, prospective residents, and those interested in the county's economic landscape.
Number of Mortgages by Occupancy Type in Van Buren County, TN Over the Last 5 Years in Van Buren County
In Van Buren County, Tennessee, there's been a noticeable shift in mortgage patterns over the past five years. Principal residence mortgages have consistently dominated, peaking at 350 in 2020 before a slight decline. Investment property mortgages, while a smaller segment, have gradually increased, suggesting a growing interest in real estate investments. Second residence mortgages have fluctuated but showed a significant peak in 2020. For investors and those considering relocation, these trends indicate evolving preferences in homeownership and potential opportunities for rental or secondary home markets. Additionally, appraisers and insurance agents may find these insights useful in assessing property valuations and risk profiles.
Economic Outlook
In Van Buren County, Tennessee, there's been a steady rise in average taxable income per tax return over the past nine years, going from $35,086.99 in 2013 to $53,041.47 in 2021. This growth, highlighted by a significant jump between 2020 and 2021, may signal economic expansion appealing to investors and potential residents. Alongside this, average state and local income taxes have increased, possibly reflecting a burgeoning local economy or shifts in tax policies impacting disposable incomes.... Read more
Average Taxable Income per Tax Return in Van Buren County, TN over the last 9 years
Over the last nine years, Van Buren County, Tennessee has shown a noticeable upward trend in the average taxable income per tax return, starting from $35,086.99 in 2013 and peaking at $53,041.47 in 2021. This steady increase, particularly the significant jump between 2020 ($45,452.34) and 2021, suggests economic growth which could be appealing to investors, real estate agents, and those considering moving to the area. The rising incomes might influence property values, making it a pertinent consideration for appraisers and insurance agents assessing risk and premiums.
Average State and Local Income Taxes Per Tax Return in Van Buren County, TN Over the Last 3 Years
Van Buren County, Tennessee has seen a notable increase in average state and local income taxes per tax return, rising from $4,150.00 in 2014 to $5,450.00 in 2017. For potential investors or those considering a move, this upward trend could indicate a growing local economy or changes in tax policies that might impact disposable income. Real estate agents and appraisers should especially consider these factors when evaluating property values and market conditions.
Average Total Tax Liability Per Tax Return in Van Buren County, TN Over the Last 10 Years
The average total tax liability per tax return in Van Buren County, Tennessee has seen a noticeable increase over the past decade. Starting from approximately $4,106.45 in 2012, it experienced fluctuations but generally trended upwards, reaching around $6,800.00 by 2021. This upward trend may suggest increasing incomes or changes in local taxation policy and can be a significant factor for potential investors, builders, appraisers, insurance agents, and residents to consider. Higher tax liabilities might hint at a growing economy or higher property values, which could impact real estate attractiveness and insurance premiums.
Cost of Living in Van Buren County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,015 | $1,335 | $1,874 | $969 | $719 |
| 1 adult 4 children | $1,015 | $1,090 | $1,434 | $969 | $751 |
| 2 adults 3 children | $1,015 | $1,091 | $1,625 | $969 | $549 |
| 1 adult 3 children | $1,015 | $890 | $1,185 | $969 | $541 |
| 2 adults 2 children | $747 | $893 | $1,377 | $858 | $499 |
| 1 adult 2 children | $747 | $667 | $937 | $858 | $425 |
| 2 adults 1 child | $747 | $706 | $1,129 | $500 | $521 |
| 1 adult 1 child | $747 | $456 | $689 | $500 | $425 |
| 2 adults | $610 | $567 | $880 | $0 | $480 |
| 1 adult | $609 | $309 | $440 | $0 | $429 |
Safety trends & Data
In Van Buren County, Tennessee, property crime trends over the past five years show notable variability, with Larceny - Theft incidents peaking at 14 in 2018 but dropping to 4 by 2021. Burglaries have also decreased significantly, from 5 in 2018 to merely 1 in 2021. Though Motor Vehicle Theft showed minor fluctuations, it remained relatively low overall. Fraud and Vandalism rates have stayed steady, with incidents never exceeding 6 annually. This could signal an improving security environment,... Read more
Property Crime Trends in Van Buren County, TN Over the Last 5 Years
Over the past five years in Van Buren County, Tennessee, property crime trends indicate variability with Larceny - Theft being the most reported consistently, peaking at 14 incidents in 2018, but declining to 4 by 2021. Burglaries have seen a significant decrease, from 5 in 2018 to just 1 by 2021. Motor Vehicle Theft showed fluctuation but stayed relatively low with only minor increases. Fraud and Vandalism incidents seem to hold steady with minor annual changes, never exceeding 6 incidents each in a single year. These trends could interest investors and real estate professionals by highlighting a potentially improving security environment, while insurance agents might consider adjusting premiums accordingly.
Demographics
In Van Buren County, Tennessee, the gender split is fairly balanced, with slightly more males than females. Educational attainment hints at a community with a significant portion having only high school diplomas or less, and smaller numbers pursuing higher education. Age-wise, there's a notable number of residents in the 55 to 74 age brackets, suggesting an older population. The racial composition is overwhelmingly White, with very few individuals identifying as Black, Asian, or other minority... Read more
Race Distribution in Van Buren County, Tennessee (2022)
Educational Attainment in Van Buren County, Tennessee (2022)
Age Distribution in Van Buren County, Tennessee
Citizen Population in Van Buren County, Tennessee (2022)
Political Trends & Data
Van Buren County, Tennessee, exhibited a distinct tilt towards the Republican party in the 2020 U.S. Presidential election, with around 80% of the votes favoring Republican candidates. Democrats received roughly 19%, and other parties made up just 1.2%. This trend indicates a pronounced conservative inclination which may influence various aspects of community planning, local policies, and real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Van Buren County, Tennessee, the 2020 U.S. Presidential election results showed a strong lean towards the Republican party with approximately 80% of the votes. Democrats garnered roughly 19%, while other parties combined accounted for just about 1.2%. This suggests a dominant Republican presence and potentially highlights the political landscape as heavily conservative.
80.18% of voters voted for the Republican party in the 2020 Presidential Election
18.62% of voters voted for the Democrat party in the 2020 Presidential Election
1.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Van Buren County, Tennessee has seen a consistent decline in its student-to-teacher ratio, dropping from 16 in 2015 to about 13 in 2023, often staying below the national average of 14. This trend might attract potential investors, real estate agents, and families since lower ratios suggest smaller class sizes which may enhance educational outcomes. For appraisers and insurance agents, this shift could impact property values and local housing demand linked to the perceived quality of... Read more
Student-to-teacher ratio in Van Buren County, Tennessee over the last 10 years
Over the past decade, Van Buren County, Tennessee has seen a steady decline in its student-to-teacher ratio, dropping from 16 in 2015 to approximately 13 in 2023. While 2016 and 2017 were closer to the national average of 14 students per teacher, the ratio has mostly remained below this benchmark since 2018. These shifts could be significant for potential investors, real estate agents, and families considering a move to the county, as lower ratios often suggest smaller class sizes potentially enhancing educational outcomes. For appraisers and insurance agents, these trends might reflect on property values or local demand for housing stemming from the perceived quality of education.
