Boone County Real Estate and Livability Trends
Boone County, Nebraska has seen median home values jump from $97,700 in 2015 to $165,400 in 2022, hinting at a growing market despite still trailing the state and national medians. Average taxable income per tax return rose to $78,677.91 in 2021 from $50,079.32 in 2015, suggesting improved financial conditions attractive to investors and homebuyers. The student-to-teacher ratio dropped to around... Read more
Boone County Market Trends
Boone County, Nebraska has seen its median home values climb from $97,700 in 2015 to $165,400 in 2022, marking an impressive growth trajectory that might hint at a burgeoning market despite still being below Nebraska’s median of $205,600 and the national median of $179,400 for 2022. The residential energy tax credits per tax return, which peaked at $475.00 in 2014 before settling to $250.00 in... Read more
Median Value of Occupied Housing Units in Boone County, Nebraska Over the Last 8 Years
Boone County, Nebraska has seen its median home values rise from $97,700 in 2015 to $165,400 in 2022. While still generally lower than Nebraska’s state median, which reached $205,600 in 2022, Boone County’s growth trajectory is impressive and may hint at a burgeoning market. Nationally, the median home value hit $179,400 in 2022, putting Boone County below the national average as well but with a notable upward trend. Investors and prospective homeowners might find Boone County appealing due to its rapid appreciation in value relative to both state and national medians.
Residential Energy Tax Credit Per Tax Return in Boone County, NE Over the Last 5 Years
Over the last five years, the average residential energy tax credit per tax return in Boone County, Nebraska has shown significant fluctuations. After peaking at $475.00 in 2014, it saw a substantial drop to $225.00 by 2016, before slightly rebounding to $250.00 in 2021. This volatility might reflect changing policy incentives, shifts in energy-efficient upgrades among homeowners, or varying levels of adoption of renewable energy technologies. These trends are crucial for investors, real estate agents, and property developers to consider, as they could impact property values and the attractiveness of energy-efficient homes in the area.
Average Real Estate Taxes Per Tax Return in Boone County, NE Over the Last 10 Years
Boone County, Nebraska has experienced fluctuating real estate taxes over the past decade, culminating in a noticeable spike to $2740.00 per tax return in 2021. While values dipped to a low of $2002.78 in 2016, recent increases may suggest rising property values or adjusted tax rates. This trend could impact investment strategies, property valuations, and future tax liabilities for buyers, sellers, and real estate professionals operating in the area.
Percentage of Farm Returns in Boone County, NE Over the Last 10 Years
Boone County, Nebraska shows fairly stable trends in farm tax returns over the past decade, with percentages hovering around 22.18% to 23.31%. Farm tax returns, which are crucial indicators for evaluating agricultural activity, seem to reflect steady confidence in farming operations. For individuals looking to invest, move, or build property, this area appears to maintain a consistent agricultural base, providing a predictable environment for related business opportunities. This stability in farm tax returns could suggest a resilient agricultural sector, making Boone County an attractive option for agri-business ventures or agriculture-related real estate investments.
Number of Mortgages by Occupancy Type in Boone County, NE Over the Last 5 Years in Boone County
Boone County, Nebraska has seen notable shifts in mortgage types over the past five years, particularly a consistent dominance of mortgages for principal residences, peaking at 148 in 2019. Minor fluctuations in investment and second residences suggest varying levels of investor and seasonal interest. Such changes in occupancy types can influence market stability and potential returns for investors, impact property values appraisers must consider, and suggest varying risk profiles for insurance agents. For those planning to move or build in this area, understanding these nuances could inform better long-term decisions.
Economic Outlook
Boone County, Nebraska, has shown a rising trend in average taxable income per tax return, jumping to $78,677.91 in 2021 from $50,079.32 in 2015, suggesting improved financial conditions that might interest investors and homebuyers. Average state and local income taxes have fluctuated, with a peak of $10,254.76 in 2013 and a low of $7,320.00 in 2019, indicating a variable economic climate important for understanding the area's cost of living. The county's average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Boone County, NE over the last 9 years
Over the past nine years, Boone County, Nebraska has exhibited a generally upward trend in average taxable income per tax return, despite occasional dips. Notably, the income surged to $78,677.91 in 2021 from a low of $50,079.32 in 2015, highlighting an improving economic landscape. These figures might suggest growing financial prosperity, which could appeal to potential investors, homebuyers, appraisers, and real estate agents considering ventures in the area.
Average State and Local Income Taxes Per Tax Return in Boone County, NE Over the Last 10 Years
Over the past decade, Boone County, Nebraska has seen fluctuating average state and local income taxes per tax return, peaking around $10,254.76 in 2013 and dipping to a low of $7,320.00 in 2019. This variability could be pivotal for potential investors and real estate agents looking to understand the economic climate. These taxes are a key consideration for anyone planning to buy or build property in the area, as they inevitably impact the overall cost of living and potential return on investment. Understanding these trends may also be beneficial for appraisers and insurance agents assessing financial risks and property values.
Average Total Tax Liability Per Tax Return in Boone County, NE Over the Last 10 Years
Boone County, Nebraska, has experienced some fluctuations in average total tax liability per tax return over the past decade. Notably, there's a significant increase to $12,911.79 in 2021, up from $8,326.15 in 2019, which could suggest evolving income or shifts in tax legislation. With values generally hovering around $9,000 to $10,000 for much of the previous years, this recent spike is something for potential investors and residents to watch closely, as it may impact financial planning and property investment strategies.
Cost of Living in Boone County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,090 | $1,416 | $2,140 | $1,271 | $1,324 |
| 1 adult 4 children | $1,090 | $1,156 | $1,638 | $1,271 | $1,465 |
| 2 adults 3 children | $1,090 | $1,156 | $1,856 | $1,271 | $1,068 |
| 1 adult 3 children | $1,090 | $944 | $1,354 | $1,271 | $1,183 |
| 2 adults 2 children | $826 | $947 | $1,571 | $1,105 | $872 |
| 1 adult 2 children | $826 | $707 | $1,070 | $1,105 | $857 |
| 2 adults 1 child | $826 | $748 | $1,287 | $564 | $786 |
| 1 adult 1 child | $826 | $483 | $786 | $564 | $646 |
| 2 adults | $628 | $601 | $1,003 | $0 | $628 |
| 1 adult | $562 | $328 | $502 | $0 | $540 |
Demographics
Boone County, Nebraska's adult population is nearly equally split between males and females. A significant portion of residents has attained high school diplomas or higher education levels, indicating a possibly educated workforce. The county shows a balanced age distribution, with notable populations in both younger and older age brackets, which might suggest a stable community with potential generational continuity. Racially, the county is predominantly White, with minimal representation from... Read more
Race Distribution in Boone County, Nebraska (2022)
Educational Attainment in Boone County, Nebraska (2022)
Age Distribution in Boone County, Nebraska
Citizen Population in Boone County, Nebraska (2022)
Political Trends & Data
Boone County, Nebraska, seems to exhibit a notable Republican tilt in voting patterns, with Republican candidates potentially garnering over 82% of the vote in the 2020 U.S. Presidential Election compared to roughly 15% for Democrats. Libertarians possibly captured just over 2%, indicating minimal influence, while Green Party and other candidates did not appear to make a significant impact. This strong Republican preference could shape various aspects of the local community and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Boone County, Nebraska, Republican candidates potentially enjoyed overwhelming support with over 82% of the vote in the 2020 U.S. Presidential Election, dwarfing the Democrats' approximate 15%. Libertarians possibly made a negligible impact with just over 2%, while Green Party and other candidates did not appear to register any significant votes. This trend could suggest a strong Republican leaning in this area, with limited competition from other parties.
82.47% of voters voted for the Republican party in the 2020 Presidential Election
15.51% of voters voted for the Democrat party in the 2020 Presidential Election
2.02% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Boone County, Nebraska's student-to-teacher ratio has notably decreased from a peak of 14 students per teacher in 2017 to around 10 in recent years. This shift towards smaller class sizes, well below the national average of 14, could appeal to families seeking more personalized education for their children and potentially boost local real estate values. These lower ratios are often seen as indicators of better educational outcomes and community attractiveness, impacting the decisions of... Read more
Student-to-teacher ratio in Boone County, Nebraska over the last 10 years
Over the past ten years, Boone County, Nebraska has seen its student-to-teacher ratio fluctuate, peaking at 14 students per teacher in 2017 before dropping significantly to around 10 in more recent years. Compared to the national average of 14 students per teacher, Boone County's current ratios are notably lower, suggesting smaller class sizes. This reduction in the student-to-teacher ratio may be attractive for families looking for more individualized attention for their children, and could also influence local real estate values as new residents seek quality education options. Lower ratios are important indicators for investors, real estate agents, and prospective residents as they often correlate with better educational outcomes and community appeal.
