Boyd County Real Estate and Livability Trends
Boyd County, Nebraska has a unique real estate market characterized by notable fluctuations in income and taxes, with average taxable income peaking at $48,274.16 in 2014 and dipping to $45,617.24 in 2021, suggesting periodic economic boosts impacting property values. Median home values surged from $51,700 in 2015 to $95,200 in 2022, indicating potential growth opportunities despite remaining... Read more
Boyd County Market Trends
Boyd County, Nebraska has witnessed a notable surge in median home values from $51,700 in 2015 to $95,200 in 2022, suggesting potential growth opportunities despite being lower than the state and national medians. Real estate taxes fluctuated between $1,100.00 in 2012 and $1,540.00 in 2016, reflecting a variable financial burden for homeowners. Farming remains a cornerstone of the local economy,... Read more
Median Value of Occupied Housing Units in Boyd County, Nebraska Over the Last 8 Years
Boyd County, Nebraska has seen its median home values rise from $51,700 in 2015 to $95,200 in 2022, nearly doubling over this period. Although these values remain significantly lower compared to the state median of $205,600 and the national median of $179,400 in 2022, the rapid increase might suggest potential for growth and value appreciation. This trend could be appealing for future homeowners and investors looking for affordable entry points with room for value gains within Nebraska.
Average Real Estate Taxes Per Tax Return in Boyd County, NE Over the Last 6 Years
Over the past six years, Boyd County, Nebraska has experienced fluctuating real estate taxes per tax return, ranging from a low of $1,100.00 in 2012 to a peak of roughly $1,540.00 in 2016. This inconsistent trend suggests a varying burden for homeowners and potential investors over time. Such variability may influence decisions for appraisers, insurance agents, and real estate professionals when evaluating property values and insurance premiums. Investors and prospective residents might want to keep an eye on these shifting tax rates as they could impact the overall cost of living and property investment returns in the area.
Percentage of Farm Returns in Boyd County, NE Over the Last 10 Years
Boyd County, Nebraska has observed a relatively steady percentage of farm tax returns over the past decade, with figures oscillating between approximately 29.87% in 2019 to 32.61% in 2016. These returns indicate that farming remains a significant economic activity within the county. For potential investors or new residents interested in the local economy, this consistency highlights a stable agricultural sector contributing to the area's financial health. A steady farm return rate can suggest sustained agricultural viability, making Boyd County a potentially attractive location for agribusiness investments and rural developments.
Number of Mortgages by Occupancy Type in Boyd County, NE Over the Last 5 Years in Boyd County
In Boyd County, Nebraska, the number of mortgages for principal residences generally shows an upward trend with the highest figures seen in 2019 and 2021. Conversely, investment and second residences display significantly lower and more varied counts. Shifts in occupancy type could signal evolving local economic conditions or demographic shifts, impacting property values and housing market dynamics. This variation could be critical for potential investors assessing rental market viability, real estate agents understanding client demand, and insurance agents evaluating risk profiles.
Economic Outlook
Boyd County, Nebraska's real estate market has seen notable income variability, with average taxable income per tax return peaking at $48,274.16 in 2014 and $45,617.24 in 2021. These fluctuations suggest periodic economic boosts that may influence property values and investment appeal. Additionally, state and local income taxes have shown variability, peaking at $6,271.43 in 2015 and dropping as low as $4,385.71 in 2012, potentially affecting financial decisions for investors and relocators.... Read more
Average Taxable Income per Tax Return in Boyd County, NE over the last 9 years
Boyd County, Nebraska's average taxable income per tax return shows some variability over the past nine years, with notable peaks in 2014 at $48,274.16 and 2021 at $45,617.24, suggesting periodic economic boosts. The downward trend during 2016 and 2017 to around $34,222.83 and $33,986.67 might indicate economic challenges or policy impacts at that time. Fluctuations like these could influence property values, making the market attractive for strategic investment. For insurers and appraisers, these shifts highlight the importance of staying updated on income trends to accurately assess risk and value. Real estate professionals and potential homebuyers can leverage these insights to make informed decisions about timing and pricing in the area.
Average State and Local Income Taxes Per Tax Return in Boyd County, NE Over the Last 7 Years
Over the past seven years in Boyd County, Nebraska, the average state and local income taxes per tax return have shown fluctuation, peaking at $6,271.43 in 2015 and lowest at $4,385.71 in 2012. Recently, there has been a noticeable decline, with the 2018 average at $4,550.00, down from the highs of both 2015 and 2016. This variability in tax burden could affect potential investors, real estate agents, and those looking to relocate, as it reflects economic shifts and may influence the financial appeal of the area. For appraisers and insurance agents, understanding these fluctuating taxes is crucial for accurately assessing property values and risk.
Average Total Tax Liability Per Tax Return in Boyd County, NE Over the Last 10 Years
Boyd County, Nebraska has shown fluctuating trends in average total tax liability per tax return over the last decade, peaking around $6,376.81 in 2014 and seeing a notable dip to roughly $5,072.73 in 2013. The variations suggest economic shifts and potentially evolving tax policies. For potential investors, property developers, and residents, these trends might indicate changing financial burdens and opportunities within the county. The relative consistency after 2018, hovering around $5,900.00, could imply stabilization in the local economy or taxation adjustments.
Cost of Living in Boyd County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,059 | $1,436 | $2,140 | $1,271 | $1,370 |
| 1 adult 4 children | $1,059 | $1,172 | $1,638 | $1,271 | $1,515 |
| 2 adults 3 children | $1,059 | $1,173 | $1,856 | $1,271 | $1,107 |
| 1 adult 3 children | $1,059 | $958 | $1,354 | $1,271 | $1,223 |
| 2 adults 2 children | $826 | $960 | $1,571 | $1,105 | $908 |
| 1 adult 2 children | $826 | $717 | $1,070 | $1,105 | $901 |
| 2 adults 1 child | $826 | $759 | $1,287 | $564 | $814 |
| 1 adult 1 child | $826 | $490 | $786 | $564 | $668 |
| 2 adults | $695 | $610 | $1,003 | $0 | $671 |
| 1 adult | $562 | $332 | $502 | $0 | $550 |
Demographics
Boyd County, Nebraska's population data reveals a predominance of White residents at 1637, with minimal representation from other racial groups. The age distribution shows a significantly higher population in the senior age brackets, particularly 65 and above, compared to those under 25. Educational attainment is predominantly at the high school graduate level, hinting at opportunities for higher education incentives. Moreover, the nearly balanced gender ratio emphasizes the need for services... Read more
Race Distribution in Boyd County, Nebraska (2022)
Educational Attainment in Boyd County, Nebraska (2022)
Age Distribution in Boyd County, Nebraska
Citizen Population in Boyd County, Nebraska (2022)
Political Trends & Data
Boyd County, Nebraska, might demonstrate a robust Republican preference, as evidenced by an estimated 88% of votes going to the GOP in the 2020 U.S. Presidential Election. Democrats, on the other hand, possibly captured around 12% of the vote, whereas Libertarian candidates had minimal influence with less than 1%. This could imply a significant Republican stronghold and suggest limited political diversity among voters in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Boyd County, Nebraska, appears to have shown a strong preference for the Republican party in the 2020 U.S. Presidential Election, with potentially close to 88% of the vote. Democrats garnered a significantly smaller share of the votes, possibly around 12%, while support for Libertarian candidates was minimal at less than 1%. The Green party and other parties had no apparent impact on the voting outcomes in this county. The results might suggest a dominant Republican stronghold and indicate a possible trend of limited political diversity within the region's voter base.
87.60% of voters voted for the Republican party in the 2020 Presidential Election
11.71% of voters voted for the Democrat party in the 2020 Presidential Election
0.69% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Boyd County, Nebraska, the student-to-teacher ratio has generally ranged from ten to thirteen students per teacher over the past decade, significantly below the national average of fourteen. This lower ratio suggests more individualized attention for students, which could be appealing to families seeking quality education. Investors, appraisers, and real estate agents might see this as a positive factor, likely influencing home values and marketability in the... Read more
Student-to-teacher ratio in Boyd County, Nebraska over the last 10 years
In Boyd County, Nebraska, over the past decade, the student-to-teacher ratio has generally ranged between ten and thirteen students per teacher, peaking at nearly thirteen in 2020. This is consistently below the US national average of fourteen students per teacher, which could imply smaller class sizes and potentially more individualized attention for students. For investors or those planning to move to the area, this lower ratio might suggest a strong educational environment. Appraisers and insurance agents could consider this a positive factor in their assessments. Real estate agents might highlight this as an attractive feature for families seeking quality education.
