Washington County Real Estate and Livability Trends
Washington County, Tennessee, has seen an impressive rise in average taxable income per tax return, indicating a more stable economy and enhanced spending power. Median home values peaked at $211,100 in 2022, making the area potentially more attractive for real estate investments. The shifting percentages of farm tax returns and fluctuating residential energy tax credits suggest evolving land use... Read more
Washington County Market Trends
Washington County, Tennessee, has seen a steady increase in median home values, peaking at $211,100 in 2022, making it potentially more attractive for real estate investments than other areas in the state and country. Residential energy tax credits have fluctuated significantly, peaking at $1,190.00 in 2018 and dipping to $431.58 in 2017, which may indicate shifting incentives for... Read more
Median Value of Occupied Housing Units in Washington County, Tennessee Over the Last 8 Years
Washington County, Tennessee has seen a steady rise in median home values over the past eight years, with a more pronounced spike in 2022, reaching $211,100. This growth trajectory is fairly consistent with the overall trend in Tennessee, though statewide figures show a slightly higher endpoint at $232,100. Meanwhile, the national median lagged slightly behind both, at $179,400 in 2022. This indicates that Washington County could be becoming an increasingly attractive area for real estate investments compared to broader state and national markets. For those looking to invest, build property, or relocate, this growth trend might signal promising opportunities in the region.
Residential Energy Tax Credit Per Tax Return in Washington County, TN Over the Last 9 Years
Average residential energy tax credits in Washington County, Tennessee, have varied substantially over the past nine years, peaking at $1,190.00 in 2018 and dipping as low as $431.58 in 2017. Such fluctuations may indicate shifting incentives or adoption rates of energy-efficient improvements among homeowners. Investors and real estate agents could see potential in increased home values due to energy-efficient upgrades, while insurance agents might consider the impact on policies related to energy-efficient systems. For those looking to move to the area, understanding these trends could provide insights into future utility cost savings.
Average Real Estate Taxes Per Tax Return in Washington County, TN Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Washington County, Tennessee have fluctuated significantly, commencing at around $2,218.44 in 2012 and peaking at approximately $4,525.94 in 2020. Noticeable upticks occurred from 2015 to 2017, where values escalated from roughly $2,487.85 to $2,936.64. Particularly dramatic was the surge in 2018 reaching $4,051.25, with values maintaining a similar range through 2021. This trend can be pivotal for investors, appraisers, and property developers looking to gauge long-term tax liabilities and fiscal stability in the area, impacting both residential and commercial ventures.
Percentage of Farm Returns in Washington County, TN Over the Last 10 Years
Over the last decade, Washington County, Tennessee, has seen a gradual decline in the percentage of farm tax returns, dropping from around 2.52% in 2012 to about 2.09% in 2021. This trend might suggest a shift away from agricultural activities or a consolidation of farms, possibly influencing land use and property development opportunities. For those considering investments or relocations, this could point to evolving economic dynamics in the area, where agricultural land might be more readily available or shifting towards other uses. Understanding these nuances can be crucial for making informed decisions about property investments and development in Washington County.
Number of Mortgages by Occupancy Type in Washington County, TN Over the Last 5 Years in Washington County
Washington County, Tennessee has seen a varied trend in mortgage counts across different occupancy types over the last five years. Notably, Principal Residences consistently lead the market, with a notable spike in 2021, likely driven by favorable interest rates or a regional housing demand boom. Investment Properties and Second Residences have shown more modest fluctuations, each experiencing slight decreases in 2022. Shifts in occupancy types can matter due to their implications on local housing supply and demand, which in turn affect property values, rental yields, and the overall attractiveness of the area for different kinds of buyers and investors. For insurance agents, changes in occupancy can influence risk assessments, while appraisers might see varying property utilization affecting market comps. For real estate agents and developers, identifying the dominant trends can guide targeted marketing and development strategy tailored to the evolving needs of the county's housing market.
Economic Outlook
Washington County, Tennessee, has experienced a significant rise in average taxable income per tax return, growing from approximately $52,146.55 in 2013 to around $74,550.80 by 2021. This increase could hint at a more stable economy and enhanced spending power, making the area appealing for real estate investors and developers. Additionally, state and local income taxes have more than doubled over the past decade, potentially affecting living costs and property investments. The rising total tax... Read more
Average Taxable Income per Tax Return in Washington County, TN over the last 9 years
Over the past nine years, Washington County, Tennessee, has seen a notable upward trajectory in average taxable income per tax return. Starting at approximately $52,146.55 in 2013, the average taxable income has incrementally increased to around $74,550.80 by 2021. This trend could suggest a growing economic stability and potential for higher spending power, making the county an attractive prospect for investors, realtors, and property developers. This rise might also be a signal for appraisers and insurance agents to recalibrate their valuations and risk assessments accordingly.
Average State and Local Income Taxes Per Tax Return in Washington County, TN Over the Last 10 Years
Over the past decade, Washington County, Tennessee has seen fluctuating state and local income taxes per tax return, with a significant upward trend. Starting at approximately $5,698.04 in 2012, the average amount spent on taxes has more than doubled to about $11,037.78 by 2021. This increase may influence decisions for potential investors and homeowners, as higher taxes can impact overall cost of living and return on property investments. Real estate agents and insurance agents should be aware of this trend as it might impact the attractiveness of new developments and property valuations.
Average Total Tax Liability Per Tax Return in Washington County, TN Over the Last 10 Years
Over the past decade, Washington County, Tennessee has experienced a notable upward trend in average total tax liability per tax return, rising from $8,934.61 in 2012 to $12,832.65 in 2021. This increase could suggest economic growth in the area, leading to higher incomes and consequently higher tax liabilities. For potential investors or those looking to relocate, this trend may indicate a strengthening local economy. Meanwhile, real estate agents and property developers might see opportunities in catering to a presumably more affluent population. Insurance agents and appraisers should also take note, as rising tax liabilities might reflect increasing property values in the region.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,179 | $1,528 | $1,916 | $1,152 | $830 |
| 1 adult 4 children | $1,179 | $1,248 | $1,465 | $1,152 | $875 |
| 2 adults 3 children | $1,179 | $1,248 | $1,663 | $1,152 | $634 |
| 1 adult 3 children | $1,179 | $1,019 | $1,212 | $1,152 | $658 |
| 2 adults 2 children | $932 | $1,022 | $1,409 | $1,059 | $584 |
| 1 adult 2 children | $932 | $763 | $958 | $1,059 | $517 |
| 2 adults 1 child | $932 | $808 | $1,156 | $757 | $612 |
| 1 adult 1 child | $932 | $522 | $705 | $757 | $506 |
| 2 adults | $771 | $649 | $902 | $0 | $508 |
| 1 adult | $745 | $354 | $451 | $0 | $447 |
Safety trends & Data
In Washington County, Tennessee, property crime trends have shown some declines in larceny-theft and burglary cases from 2018 to 2022, indicating potential improvements in security measures. However, motor vehicle thefts and arson have fluctuated, with motor vehicle thefts peaking in 2021 and arson cases showing significant variability. This inconsistency in crime data could influence business and investor confidence, posing important considerations for prospective realtors and... Read more
Property Crime Trends in Washington County, TN Over the Last 5 Years
In Washington County, Tennessee, property crime rates have shown varying trends over the last five years. Larceny-theft incidents generally outnumber other property crimes but appear to have declined from 1,129.00 cases in 2018 to 936.00 cases in 2022. Motor vehicle thefts have seen fluctuations, peaking at 142.00 cases in 2021 before dropping to 92.00 cases in 2022. Burglary rates have also seen a general decline from 116.00 cases in 2019 to 77.00 cases in 2022, suggesting potential improvements in security measures. However, arson cases, though fewer in number, have varied significantly, pointing to possible inconsistencies in preventive measures. Fraud and embezzlement cases have consistently fluctuated, which could impact business and investor confidence in the area. These crime trends are crucial for prospective investors, realtors, and residents considering the area's safety and economic stability.
Demographics
Washington County, Tennessee's adult population is balanced with a slight female majority. Educational attainment shows a higher portion of residents have completed high school and some college, while fewer hold graduate or professional degrees. Age demographics highlight a predominantly working-age population, with significant numbers under 34 and between 55 and 64. Racial diversity appears limited, with an overwhelming majority identifying as White and small percentages representing other... Read more
Race Distribution in Washington County, Tennessee (2022)
Educational Attainment in Washington County, Tennessee (2022)
Age Distribution in Washington County, Tennessee
Citizen Population in Washington County, Tennessee (2022)
Political Trends & Data
In Washington County, Tennessee, the real estate market is likely influenced by its conservative-leaning electorate, with approximately 67% of voters supporting the Republican party in the 2020 U.S. Presidential Election. This political climate might suggest a preference for certain types of property developments and community amenities that align with conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Washington County, Tennessee, saw a strong lean towards the Republican party in the 2020 U.S. Presidential Election, with around 67% of the votes. The Democratic party possibly garnered approximately 31%, while third-party and other candidates collectively captured a minimal share. This suggests a predominance of conservative opinions within the county's electorate.
67.18% of voters voted for the Republican party in the 2020 Presidential Election
30.96% of voters voted for the Democrat party in the 2020 Presidential Election
1.86% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Washington County, Tennessee, has fluctuated from a peak of 16 in 2019 to nearly 14 recently, aligning with the national average. For investors and real estate agents, this trend suggests a commitment to smaller class sizes, which could boost educational quality and appeal to families, possibly impacting property values and market demand. This dynamic offers a compelling talking point for real estate professionals and valuable insights for... Read more
Student-to-teacher ratio in Washington County, Tennessee over the last 10 years
Over the past decade, the student-to-teacher ratio in Washington County, Tennessee, has fluctuated, peaking at 16 in 2019 and eventually declining to nearly 14 in the recent year, closely aligning with the national average of 14 students per teacher. For investors, real estate agents, and those looking to move to the area, this trend indicates a commitment to smaller class sizes, potentially enhancing educational quality and appeal for families. This dynamic could influence property values and market demand, providing a compelling talking point for real estate professionals. For appraisers and insurance agents, understanding these shifts might offer insights into community value and risk assessments.
