Weakley County Real Estate and Livability Trends
Weakley County, Tennessee's real estate market reflects dynamic economic growth with the average taxable income rising from $42,265.81 in 2013 to $56,697.27 by 2021. Median home values jumped nearly 31% from $94,100 in 2015 to $123,100 in 2022, indicating a robust local housing market despite more rapid statewide growth. Average real estate taxes also increased to about $2,186.96 in 2021,... Read more
Weakley County Market Trends
In Weakley County, Tennessee, median home values surged nearly 31% from $94,100 in 2015 to $123,100 in 2022, a contrast to the more robust growth statewide and nationally. This local price growth paired with fluctuating but climbing residential energy tax credits per return—peaking at $585.71 in 2021—suggests increasing investments in energy-efficient upgrades. Average real estate taxes also... Read more
Median Value of Occupied Housing Units in Weakley County, Tennessee Over the Last 8 Years
In Weakley County, Tennessee, median home values have shown varied trends over the last eight years, culminating in a significant rise from $94,100 in 2015 to $123,100 in 2022. This nearly 31% increase contrasts with the more steady and robust growth seen both statewide and nationally. Tennessee's median home value jumped from $142,100 to $232,100 in the same period, indicating a burgeoning real estate market. Nationally, home values followed a similar upward trajectory, climbing from $125,500 to $179,400. For investors and potential homeowners, understanding this local growth in the context of broader trends may suggest Weakley County's housing market is keeping pace but still offers potential affordability compared to state and national figures.
Residential Energy Tax Credit Per Tax Return in Weakley County, TN Over the Last 8 Years
Weakley County, Tennessee has seen fluctuating but generally increasing residential energy tax credits per tax return over the last eight years, peaking notably at $585.71 in 2021. This trend might indicate that more residents are investing in energy-efficient upgrades, which could be appealing to potential investors, builders, and real estate agents by highlighting a progressive community focus on sustainable living. These figures might also reflect the financial incentives available, which could interest appraisers and insurance agents as they consider property valuations and risk assessments.
Average Real Estate Taxes Per Tax Return in Weakley County, TN Over the Last 10 Years
Weakley County, Tennessee has seen a significant upward trend in average real estate taxes per tax return over the past decade. From 2012 to 2021, taxes increased from approximately $1,312.33 to around $2,186.96, with notable spikes during 2018 and 2019, reaching up to nearly $2,452.17. This likely indicates rising property values and changing tax assessments, which could be of particular interest to real estate investors and homebuyers assessing the long-term tax implications of property ownership in the area.
Percentage of Farm Returns in Weakley County, TN Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Weakley County, Tennessee ranged from 4.40% to 5.84%, showing a general yet gradual decline. This trend could indicate challenges in the agricultural sector or shifting economic activities in the region. For potential investors, builders, or those interested in relocating, this trend may suggest the need for a closer look at local farming viability or evolving economic drivers in Weakley County. Farm tax returns, reflecting financial filings specific to agricultural ventures, serve as a useful gauge for assessing the health and sustainability of rural economies.
Number of Mortgages by Occupancy Type in Weakley County, TN Over the Last 5 Years in Weakley County
Weakley County, Tennessee, has seen notable fluctuations in the number of mortgages across different occupancy types over the last five years. Principal residences dominate the mortgage landscape, showing a general increase, peaking in 2021 with 1,217 mortgages before slightly declining to 1,008 in 2022. Investment properties have remained relatively stable, hovering around the 60s annually, with minor yearly variations. Second residences, while always much lower in volume, experienced a small peak in 2021 with 21 mortgages. These shifts could be relevant for investors assessing market stability, appraisers examining property values, and real estate agents advising buyers. The persistent demand for principal residences suggests a strong, stable market for those looking to settle long-term, whereas the steady investment property numbers may indicate potential for reliable rental income.
Economic Outlook
Weakley County, Tennessee has experienced notable economic growth, highlighted by a rise in average taxable income from $42,265.81 in 2013 to $56,697.27 by 2021. This trend suggests improving economic conditions, which may attract real estate investors and developers. State and local income taxes have shown variability, peaking at $9,900.00 in 2021, reflecting potential shifts in economic policies or income levels. Total tax liability per tax return has also increased to about $8,197.46 by... Read more
Average Taxable Income per Tax Return in Weakley County, TN over the last 9 years
Weakley County, Tennessee has seen a steady increase in average taxable income over the last nine years. From $42,265.81 in 2013, the figure has climbed to $56,697.27 by 2021, reflecting a general trend of economic growth in the area. This gradual rise may suggest improving economic conditions which could be appealing for investors and real estate agents considering the region. Builders and property developers might find the increasing disposable income of residents promising for future projects. Furthermore, the trend can offer insurance agents insights into potential adjustments in policy valuations and premiums. For those living in or moving to Weakley County, the steady income growth could indicate a robust and growing community, contributing positively to quality of life and available services.
Average State and Local Income Taxes Per Tax Return in Weakley County, TN Over the Last 10 Years
Over the past decade, Weakley County, Tennessee has seen fluctuating state and local income taxes per tax return, ranging from $4,593.33 in 2017 to a notable high of $9,900.00 in 2021. This variability could be of keen interest to potential investors and real estate agents as it provides insight into the fiscal landscape and economic health of the area. The recent spike in 2020 and 2021 may suggest changes in local economic policies or increased income levels, potentially impacting appraisal values and insurance considerations.
Average Total Tax Liability Per Tax Return in Weakley County, TN Over the Last 10 Years
In Weakley County, Tennessee, the average total tax liability per tax return has demonstrated a general upward trend over the last decade. Starting at approximately $5,841.33 in 2012, it saw fluctuations but notably increased to about $8,197.46 by 2021. This rising tax liability might suggest expanding economic activity or increased taxable incomes in the area. Investors, real estate agents, and those looking to move to Weakley County may find these figures relevant for gauging the economic landscape and planning financial decisions accordingly.
Cost of Living in Weakley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $909 | $1,307 | $1,867 | $969 | $647 |
| 1 adult 4 children | $909 | $1,067 | $1,428 | $969 | $682 |
| 2 adults 3 children | $909 | $1,068 | $1,620 | $969 | $508 |
| 1 adult 3 children | $909 | $872 | $1,181 | $969 | $469 |
| 2 adults 2 children | $747 | $874 | $1,372 | $858 | $476 |
| 1 adult 2 children | $747 | $653 | $933 | $858 | $400 |
| 2 adults 1 child | $747 | $691 | $1,125 | $500 | $502 |
| 1 adult 1 child | $747 | $446 | $686 | $500 | $407 |
| 2 adults | $621 | $555 | $877 | $0 | $466 |
| 1 adult | $609 | $303 | $439 | $0 | $415 |
Safety trends & Data
Weakley County, Tennessee has experienced varying trends in property crime, with larceny-theft consistently leading, peaking at 173 incidents in 2019 before dropping. Burglary incidents notably spiked in 2022 with 38 reported cases. Fraud cases saw a high of 93 in 2018 but have declined since. Vandalism reports stayed stable in the low-to-mid 20s range, while embezzlement and motor vehicle theft remained low and steady. This fluctuation in crime types is crucial for investors, real estate... Read more
Property Crime Trends in Weakley County, TN Over the Last 5 Years
Weakley County, Tennessee has seen fluctuating trends in property crimes over the past five years. Larceny-theft consistently topped the charts, peaking in 2019 with 173 reported incidents, followed by a noticeable drop in subsequent years. Burglary arrests showed varying trends, with a significant spike in 2022 reaching 38 incidents. Fraud cases, which were particularly high in 2018 at 93, gradually declined by 2022. Vandalism reports have remained fairly stable, hovering in the low-to-mid 20s range. Interestingly, embezzlement and motor vehicle theft incidents have stayed relatively low and steady throughout the period. This variability in crime types is vital for potential investors, real estate agents, and residents to consider when evaluating the safety and economic opportunities in the county.
Demographics
Weakley County, Tennessee, shows intriguing demographic nuances. The adult population skews slightly female with educational attainment levels revealing a significant portion holding just a high school diploma, while graduate degrees are less common. Age distribution is broad with a notable presence of young adults and middle-aged individuals. The racial composition indicates a predominantly White population with small but diverse minority groups. This data underscores potential areas for... Read more
Race Distribution in Weakley County, Tennessee (2022)
Educational Attainment in Weakley County, Tennessee (2022)
Age Distribution in Weakley County, Tennessee
Citizen Population in Weakley County, Tennessee (2022)
Political Trends & Data
Weakley County, Tennessee, is showing a significant lean towards the Republican party, with around 75% voter support in the 2020 Presidential Election. Democratic support lags at approximately 22%, and third-party candidates have minimal presence, collectively garnering just over 2% of the vote. This suggests the county has a strong conservative preference, which can be important for understanding local market attitudes and investment... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Weakley County, Tennessee, likely leans significantly Republican, with approximately 75% of voters supporting the party in the 2020 Presidential Election. Democratic support appears to be relatively low at around 22%, while third-party and other candidates seem to have minimal impact, capturing just over 2% of the vote collectively. This voting pattern suggests a strong conservative preference within this county.
75.69% of voters voted for the Republican party in the 2020 Presidential Election
21.99% of voters voted for the Democrat party in the 2020 Presidential Election
2.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Weakley County, Tennessee has had fluctuating student-to-teacher ratios, from 14 students per teacher in 2014 to a peak of nearly 16 in 2020, stabilizing around 15 recently. These figures hover around the national average of 14, hinting at variable class sizes that may affect student attention and education quality, which in turn can sway property values, school funding, and community investments. This makes it essential for investors, educators, and families to keep an eye on these... Read more
Student-to-teacher ratio in Weakley County, Tennessee over the last 10 years
Weakley County, Tennessee has seen variable student-to-teacher ratios over the past decade. Initially at 14 students per teacher in 2014, it peaked at nearly 16 students per teacher in 2020 before stabilizing to around 15 in recent years. This fluctuates around the national average of 14 students per teacher. For investors, educators, and families considering the area, these ratios could suggest periods of larger class sizes, potentially impacting individual student attention and education quality. This could influence property values, school funding, and community investments, making it critical for stakeholders to monitor these trends.
