Wilson County Real Estate and Livability Trends
Wilson County, Tennessee's real estate market is experiencing notable growth, with the median home value reported at $358,900 in 2022, significantly outpacing both state and national medians. Economic growth in the county has seen average taxable income per tax return rise from approximately $59,163.56 in 2013 to $90,283.84 in 2021. Concurrently, state and local taxes have surged, reflecting... Read more
Wilson County Market Trends
Wilson County, Tennessee's real estate market has shown significant growth, with the median home value hitting $358,900 in 2022, far outpacing state and national medians. This upward trend in home values could reflect heightened demand, appealing to investors and potential residents. Additionally, notable increases in residential energy tax credits indicate a push toward energy-efficient home... Read more
Median Value of Occupied Housing Units in Wilson County, Tennessee Over the Last 8 Years
Wilson County, Tennessee has seen significant growth in median home values over the past eight years, reaching $358,900 in 2022. This is markedly higher compared to Tennessee's median of $232,100 and even more so against the national median of $179,400 for the same year. This trend might suggest Wilson County is experiencing a surge in demand, making it an intriguing market for potential investors or those considering relocating. For current residents, this increase might affect long-term property value projections, contrasting sharply with broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Wilson County, TN Over the Last 9 Years
Wilson County, Tennessee has seen a significant rise in the average residential energy tax credit per tax return, particularly spiking in 2018 to $2,037.50 and stabilizing to around $1,010.81 by 2021. This upward trend suggests growing investments in energy-efficient home improvements, making it an appealing market for property developers and real estate agents. Insurance agents and appraisers might consider adjusting valuations and policy pricing to reflect these energy-efficient trends. Prospective residents and investors may find these incentives a compelling reason to invest in properties that promise long-term energy savings.
Average Real Estate Taxes Per Tax Return in Wilson County, TN Over the Last 10 Years
Over the last decade in Wilson County, Tennessee, average real estate taxes per tax return have generally trended upward. Starting at roughly $1,896.94 in 2012, they grew steadily each year, reaching approximately $3,541.10 by 2021. Notably, there was a significant jump between 2017 and 2018, where taxes increased by about $645.40. This steady rise in real estate taxes could imply increasing property values, greater local government spending, or both. For potential investors, homeowners, and real estate professionals, these trends are essential to consider when evaluating the financial aspects of property investments or relocations in Wilson County.
Percentage of Farm Returns in Wilson County, TN Over the Last 10 Years
Over the past decade, Wilson County, Tennessee has seen a steady decline in the percentage of farm tax returns, dropping from around 2.72% in 2012 to approximately 1.92% in 2021. Farm tax returns are important as they reflect the economic activity and financial stability within the agricultural sector. This trend might suggest shifts in land use or a decrease in farm profitability, which could influence decisions for those looking to invest in or move to the area. Potential investors and residents should consider how this decline in farm-related economic activity may impact local land values, community resources, and growth opportunities.
Number of Mortgages by Occupancy Type in Wilson County, TN Over the Last 5 Years in Wilson County
In Wilson County, Tennessee, the mortgage landscape over the past five years reveals a predominant focus on principal residences, with a significant number being secured annually compared to investment and second residences. Shifts in these occupancy types offer valuable insight for investors and real estate professionals; a growing number of mortgages for investment properties could hint at a favorable rental market, while a strong hold in principal residences suggests a thriving owner-occupier community. These trends are critical for appraisers and insurance agents who must gauge property values and risks accurately, and for developers assessing market demand and planning new builds. Understanding such nuances ensures that decisions align with local housing dynamics.
Economic Outlook
Wilson County, Tennessee has shown substantial economic growth, with average taxable income per tax return rising from about $59,163.56 in 2013 to approximately $90,283.84 in 2021. Concurrently, average state and local income taxes also surged, dramatically peaking at $10,963.49 in 2021. The county's upward trend in total tax liability, climbing from $9,120.45 in 2012 to around $15,154.69 in 2021, suggests a more affluent populace. These financial shifts could attract keen interest from real... Read more
Average Taxable Income per Tax Return in Wilson County, TN over the last 9 years
Wilson County, Tennessee has experienced a notable increase in average taxable income per tax return over the past nine years, rising from approximately $59,163.56 in 2013 to around $90,283.84 in 2021. This upward trend suggests a growing economic vitality in the area, which could be attractive for property investors and real estate professionals. For appraisers and insurance agents, the increasing income levels may imply shifts in property values and insurance premiums. This financial growth could signal enhanced local amenities, making the county more appealing to potential residents and business developers.
Average State and Local Income Taxes Per Tax Return in Wilson County, TN Over the Last 10 Years
Over the past decade, Wilson County, Tennessee has seen fluctuating but generally increasing average state and local income taxes per tax return, peaking dramatically in 2021 at $10,963.49. The trend reveals significant jumps between 2018 and 2021, which could hint at substantial economic changes or policy adjustments impacting taxpayers. This trajectory of tax values possibly signals evolving financial dynamics within the county that may interest potential investors, real estate agents, and appraisers assessing the local economic environment.
Average Total Tax Liability Per Tax Return in Wilson County, TN Over the Last 10 Years
Over the last decade, Wilson County, Tennessee has seen a noticeable increase in the average total tax liability per tax return, with figures rising from $9,120.45 in 2012 to approximately $15,154.69 in 2021. This upward trend can indicate a growing economy and potentially higher incomes in the region, which may interest investors and real estate agents. However, for appraisers and insurance agents, this trend could suggest higher potential liabilities and increased costs for property-related evaluations and services.
Cost of Living in Wilson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,675 | $1,621 | $1,850 | $1,152 | $1,132 |
| 1 adult 4 children | $1,675 | $1,324 | $1,414 | $1,152 | $1,251 |
| 2 adults 3 children | $1,675 | $1,324 | $1,605 | $1,152 | $912 |
| 1 adult 3 children | $1,675 | $1,081 | $1,169 | $1,152 | $1,024 |
| 2 adults 2 children | $1,340 | $1,084 | $1,361 | $1,059 | $773 |
| 1 adult 2 children | $1,340 | $810 | $925 | $1,059 | $774 |
| 2 adults 1 child | $1,340 | $857 | $1,116 | $757 | $793 |
| 1 adult 1 child | $1,340 | $553 | $680 | $757 | $705 |
| 2 adults | $1,186 | $688 | $872 | $0 | $681 |
| 1 adult | $1,160 | $375 | $436 | $0 | $589 |
Safety trends & Data
Wilson County, Tennessee, has experienced notable fluctuations in property crime over the past five years. Larceny-theft peaked in 2020 with 554 incidents but dropped to 265 by 2022. Burglary incidents peaked at 62 in 2021, then decreased to 45 by 2022. Motor vehicle theft increased from 35 in 2018 to 55 in 2020, before falling to 29 by 2022. Embezzlement and fraud cases also varied, with embezzlement peaking at 24 in 2019 but declining recently, while fraud declined from 136 in 2019 to 57 by... Read more
Property Crime Trends in Wilson County, TN Over the Last 5 Years
The property crime trends in Wilson County, Tennessee, reveal notable fluctuations over the past five years. Larceny-theft consistently shows the highest number, peaking in 2020 with 554 incidents, which later dropped to 265 in 2022. Burglary incidents saw a peak at 62 in 2021 and then decreased sharply to 45 by 2022. Motor vehicle theft steadily increased between 2018 and 2020, from 35 to 55, but then it dropped to 29 by 2022. Embezzlement and fraud cases also varied, with embezzlement peaking at 24 in 2019 but falling significantly in recent years, while fraud hit 136 in 2019 but declined to 57 by 2022. These trends suggest potential areas of focus for real estate investors, insurance agents, and those planning to move to the area, as understanding property crime trends can affect property values, insurance premiums, and neighborhood desirability.
Demographics
Wilson County, Tennessee shows a modest gender balance with a slight tilt towards females. The education level appears somewhat varied but leans heavily towards high school graduates and individuals with some college experience or a bachelor's degree, which likely influences the local economy. Age distribution is fairly spread out, suggesting a balanced mix of working-age adults and younger residents. Racial diversity is predominantly White, which could influence cultural dynamics and service... Read more
Race Distribution in Wilson County, Tennessee (2022)
Educational Attainment in Wilson County, Tennessee (2022)
Age Distribution in Wilson County, Tennessee
Citizen Population in Wilson County, Tennessee (2022)
Political Trends & Data
Wilson County, Tennessee, shows a pronounced lean towards Republican preferences, with around 68% of the 2020 U.S. Presidential Election votes. Democratic candidates received almost 30%, and other parties totaled under 2.5%. This strong Republican tilt could influence local political strategies and policies, shaping the community's direction and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Wilson County, Tennessee, the 2020 U.S. Presidential Election results lean heavily towards Republican preferences, with roughly 68% of the votes. The Democratic Party garnered nearly 30%, while other parties collectively earned just under 2.5%. These numbers suggest a significant Republican stronghold in this county, potentially impacting local and state political strategies and policies.
67.67% of voters voted for the Republican party in the 2020 Presidential Election
29.94% of voters voted for the Democrat party in the 2020 Presidential Election
2.39% of voters voted for the Other party in the 2020 Presidential Election
School Data
Wilson County, Tennessee's student-to-teacher ratio has seen significant variations over the past decade, from 18 students per teacher in 2014 to around 15 currently. This fluctuation, particularly the sharp decrease during the pandemic to 14, aligns with the national average and provides essential insights into local education quality. Such trends can influence property values, community investment decisions, and the overall attractiveness of the area to potential residents and... Read more
Student-to-teacher ratio in Wilson County, Tennessee over the last 10 years
Wilson County, Tennessee's student-to-teacher ratio has experienced notable fluctuations over the past decade. Starting at 18 students per teacher in 2014, the ratio dropped significantly to around 16 by 2018 but spiked again to almost 17. During the pandemic in 2020, it sharply decreased to 14, aligning with the national average of 14 students per teacher. It has since stabilized around 15. These shifts can impact classroom dynamics, educational quality, and potentially influence property values and community investment decisions. For investors, real estate agents, and potential residents, understanding these trends offers key insights into the local education quality and can affect long-term planning and community growth expectations.
