Banner County Real Estate and Livability Trends
Banner County, Nebraska's median home values peaked at $178,400 in 2021, only to decrease slightly to $174,200 in 2022, offering more affordable options compared to the state’s $205,600. Farm tax returns hover around 37.59%, suggesting steady agricultural activity, which might appeal to those eyeing rural investments. Fluctuations in principal residence mortgages hint at changing economic or... Read more
Banner County Market Trends
Banner County, Nebraska's median home values peaked at $178,400 in 2021 before slightly decreasing to $174,200 in 2022, compared to the broader state where values surged to $205,600. The county's housing market mirrors the national trend but remains generally more affordable, which could highlight attractive investment opportunities or a more budget-friendly living. Additionally, farm tax returns... Read more
Median Value of Occupied Housing Units in Banner County, Nebraska Over the Last 8 Years
Banner County, Nebraska has seen its median home values climb significantly over the past eight years, with a peak in 2021 at $178,400 before a slight decrease to $174,200 in 2022. Compared to the broader Nebraska market, where median values have soared from $133,200 in 2015 to $205,600 in 2022, Banner County's growth appears less aggressive. On a national scale, where values increased from $125,500 to $179,400 over the same period, Banner County closely follows this trend but remains generally more affordable. This could signal attractive investment opportunities or more affordable living options relative to state and national averages.
Percentage of Farm Returns in Banner County, NE Over the Last 10 Years
There seems to be a modest upward trend in the percentage of farm tax returns in Banner County, Nebraska over the last decade, peaking at around 44.44% in 2016 and hovering around 37.59% in 2021. Farm tax returns, which are filings by agricultural businesses for tax purposes, often indicate the level of farming activity and economic stability in rural areas. These percentages might suggest a relative consistency in farm operations, offering potential investors and new residents insight into the county's economic dependencies and agricultural viability.
Number of Mortgages by Occupancy Type in Banner County, NE Over the Last 5 Years in Banner County
Over the past five years in Banner County, Nebraska, the number of mortgages for principal residences has shown fluctuations with notable increases in 2020 and subsequent years. Although investment properties are not heavily represented, a singular instance occurred in 2019. Shifts in occupancy types can influence market dynamics, affecting property valuation trends and possibly signaling broader economic or demographic shifts. Stakeholders such as investors, real estate agents, and appraisers might consider these patterns to gauge the demand for housing and its implications on future investments and insurance risk profiles.
Economic Outlook
Banner County, Nebraska has seen the average taxable income per tax return bounce between $36,703.33 in 2017 and a peak of $48,833.33 in 2019, indicating possible shifts in the local job market. State and local income taxes have also fluctuated, peaking at $4866.67 in 2014 and dipping to around $4133.33 by 2017, which may reflect changing economic conditions or legislation. The total tax liability per tax return has climbed from $5,160.00 in 2012 to $8,285.71 in 2021, suggesting a potentially... Read more
Average Taxable Income per Tax Return in Banner County, NE over the last 9 years
Over the past nine years, the average taxable income per tax return in Banner County, Nebraska has exhibited both fluctuations and a general growth trend. After a dip in 2017 to $36,703.33, the average rebounded, peaking at $48,833.33 in 2019. This resurgence and inconsistency in income levels could potentially signal shifts in the local economy and job market. Such insights are crucial for investors, real estate agents, and current residents who wish to understand economic trends that could impact property values, rental markets, and overall financial stability in the area.
Average State and Local Income Taxes Per Tax Return in Banner County, NE Over the Last 5 Years
Banner County, Nebraska has seen fluctuations in average state and local income taxes per tax return over the past five years, peaking at an estimated $4866.67 in 2014 and dropping to around $4133.33 by 2017. This variability suggests potential shifts in the local economic landscape, likely influenced by changes in legislation, economic conditions, or demographic trends. For investors, property developers, and real estate professionals, these changes in tax burdens could impact the attractiveness and affordability of the area, potentially affecting property values and the overall housing market climate. Understanding these trends can be crucial in making informed decisions regarding investments and property developments in Banner County.
Average Total Tax Liability Per Tax Return in Banner County, NE Over the Last 10 Years
Banner County, Nebraska has experienced some fluctuations in average total tax liability per tax return over the past decade. Starting at $5,160.00 in 2012, there's been a noticeable increase, particularly in recent years, reaching $8,285.71 in 2021. Key spikes in 2019 and 2020 suggest occasional economic activities impacting tax returns. This upward trend could signal a growing local economy or changes in tax regulations, making it essential for potential investors, real estate agents, and appraisers to factor in these tax liabilities when assessing property values and investment opportunities.
Cost of Living in Banner County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,075 | $1,379 | $2,648 | $1,271 | $1,582 |
| 1 adult 4 children | $1,075 | $1,126 | $2,031 | $1,271 | $1,690 |
| 2 adults 3 children | $1,075 | $1,127 | $2,295 | $1,271 | $1,284 |
| 1 adult 3 children | $1,075 | $920 | $1,677 | $1,271 | $1,386 |
| 2 adults 2 children | $838 | $922 | $1,941 | $1,105 | $1,020 |
| 1 adult 2 children | $838 | $689 | $1,324 | $1,105 | $1,021 |
| 2 adults 1 child | $838 | $729 | $1,588 | $564 | $906 |
| 1 adult 1 child | $838 | $471 | $971 | $564 | $732 |
| 2 adults | $637 | $586 | $1,234 | $0 | $714 |
| 1 adult | $570 | $319 | $617 | $0 | $592 |
Safety trends & Data
Property crime trends in Banner County, Nebraska have stayed relatively low over the last three years, with minor fluctuations. Vandalism incidents were reported in 2019 and 2021, each with just one case, and a single incident of stolen property in 2020. This data could imply a stable, low-crime environment, potentially appealing for investors and homebuyers alike. Such consistency might also positively influence insurance premiums and property valuations, making it a noteworthy aspect for... Read more
Property Crime Trends in Banner County, NE Over the Last 3 Years
Property crime trends in Banner County, Nebraska have remained relatively low over the last three years, with minor fluctuations. Vandalism incidents were reported in 2019 and 2021, each with only one case. There was a single instance of stolen property (buying, receiving, possessing) in 2020. This data could suggest a generally stable or low crime rate environment, which may be appealing for potential investors, property developers, real estate agents, or individuals considering moving to the area. The consistency in low numbers might also influence insurance premiums and property valuations positively.
Demographics
Banner County, Nebraska, has a varied demographic landscape. The adult population skews slightly female with 267 women compared to 228 men. Education levels reveal substantial diversity; most adults have some college experience, but only a quarter have attained a bachelor's degree or higher. The age distribution sees a sizable portion of older residents, particularly those aged 65-74, suggesting potential strains on local healthcare and senior services. Racially, the county is predominantly... Read more
Race Distribution in Banner County, Nebraska (2022)
Educational Attainment in Banner County, Nebraska (2022)
Age Distribution in Banner County, Nebraska
Citizen Population in Banner County, Nebraska (2022)
Political Trends & Data
Banner County, Nebraska, showed a significant Republican preference during the 2020 U.S. Presidential Election, with roughly 88% of votes going to the Republican party. The Democratic party received about 10% of votes, and the Libertarian party had a minimal impact with around 1%. The strong conservative leanings in local political views could influence community dynamics and policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Banner County, Nebraska, exhibited a distinct preference for the Republican party in the 2020 U.S. Presidential Election, with approximately 88% of the votes cast in their favor. In contrast, the Democratic party garnered just about 10%. The Libertarian party made a minimal impact with around 1%, while Green party and other candidates failed to secure any notable percentage. These results suggest that Banner County's political leanings might be strongly conservative.
88.29% of voters voted for the Republican party in the 2020 Presidential Election
10.49% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Banner County, Nebraska, has demonstrated a notably low student-to-teacher ratio, fluctuating between 6 and 7 students per teacher over the past decade. This consistent trend might suggest more personalized attention and a potentially higher quality of education, making it an appealing factor for families considering relocation. Real estate professionals and investors could view this as a valuable asset, signaling a supportive learning environment that adds to the county's... Read more
Student-to-teacher ratio in Banner County, Nebraska over the last 10 years
Banner County, Nebraska has consistently shown a student-to-teacher ratio well below the national average of 14 students per teacher over the past decade. Beginning in 2014, the ratio was 7 students per teacher, dropping slightly to 6 by 2019. Despite slight fluctuations, the ratio has remained relatively steady, staying close to 7 in recent years up into 2023. This particularly low student-to-teacher ratio could suggest more personalized attention for students, potentially appealing for families looking to move to the area. Real estate agents and potential investors might find this an attractive selling point, as it indicates potentially higher quality of education and a more supportive learning environment.
