Buffalo County Real Estate and Livability Trends
Buffalo County, Nebraska, has observed a steep climb in median home values, from $151,300 in 2015 to $218,600 in 2022, which outpaces state and national trends, making it an intriguing locale for real estate enthusiasts. This price surge, coupled with increasing real estate taxes nearly doubling over the past decade, indicates escalating costs for property owners. Interestingly, while mortgage... Read more
Buffalo County Market Trends
Buffalo County, Nebraska's median home values have surged from $151,300 in 2015 to $218,600 in 2022, outpacing both state and national averages. Residential energy tax credits showed significant fluctuations, peaking at $2540.00 in 2018 but stabilizing around $1046.43 by 2021. Real estate taxes in the area have nearly doubled over the past decade, indicating increased costs for property owners.... Read more
Median Value of Occupied Housing Units in Buffalo County, Nebraska Over the Last 8 Years
Over the last eight years, Buffalo County, Nebraska has seen a consistent increase in median home values, rising from $151,300 in 2015 to $218,600 in 2022. This surge outpaces both Nebraska's state average and the national average, which in 2022 stood at $205,600 and $179,400 respectively. Such trends might suggest a growing demand for housing in Buffalo County, possibly driven by regional developments or economic factors, making it an intriguing spot for potential investors or new residents.
Residential Energy Tax Credit Per Tax Return in Buffalo County, NE Over the Last 9 Years
Buffalo County, Nebraska has seen fluctuating average residential energy tax credits over the past nine years. In 2016, there was a significant increase, with tax returns receiving an average of $1118.18 in credits, peaking dramatically in 2018 at $2540.00. However, the average credits have since decreased, stabilizing around $1046.43 by 2021. This variability indicates changing incentives and adoption rates for energy-efficient home improvements, which could be a notable point for investors, real estate agents, and those considering energy-efficient upgrades in the county.
Average Real Estate Taxes Per Tax Return in Buffalo County, NE Over the Last 10 Years
Over the past decade, Buffalo County, Nebraska has seen a notable increase in average real estate taxes per tax return, rising from $3456.08 in 2012 to $5871.56 in 2021. This upward trend indicates a growing financial demand for property owners, which might impact both investment attractiveness and the cost of living. Real estate agents, appraisers, and insurance agents may want to consider this trend as it could influence property valuations and insurance rates. Investors and residents should be aware of these rising costs as they plan their budgets and long-term financial commitments.
Percentage of Farm Returns in Buffalo County, NE Over the Last 10 Years
The percentage of farm tax returns in Buffalo County, Nebraska has seen a gradual decline over the last decade, starting at around 5.23% in 2012 and dropping to approximately 4.70% in 2021. Farm tax returns, referring to the portion of taxpayers noting farm income on their tax filings, offer insights into the agricultural economic health of the region. This decreasing trend could suggest shifting economic dynamics or potential consolidation within the farming sector. For investors and property developers, understanding these nuances can guide strategic decisions; meanwhile, for residents and those considering relocation, it highlights changes in the local agricultural landscape which might impact community structure and lifestyle.
Number of Mortgages by Occupancy Type in Buffalo County, NE Over the Last 5 Years in Buffalo County
The number of mortgages for principal residences in Buffalo County, Nebraska has seen notable fluctuations over the last five years, peaking in 2020 with 2,336 before a dip to 1,356 in 2022. Investment properties have remained relatively stable, hovering just over 100 annually. Second residences have consistently been a minor segment. Shifts in mortgage counts by occupancy type can provide valuable insights into market demand and property valuation trends. For investors and developers, the stable demand for investment properties suggests steady rental market potential. Real estate agents might focus on periods of high principal residence activity to target homebuyers effectively. Appraisers and insurance agents can use this data to adjust their assessments and coverage plans accurately. Changes in occupancy type can indicate broader economic shifts, impacting how individuals choose to invest in or use property within the county.
Economic Outlook
Buffalo County, Nebraska, has witnessed a significant rise in average taxable income per tax return, climbing from $58,462.36 in 2013 to $86,596.48 in 2021, indicating a potentially growing economy. This upward trend might attract investors and real estate agents looking for profitable opportunities. However, the fluctuating average state and local income taxes, highlighted by a dip to $7,414.90 in 2014 and peaks around $8,405.85 in 2015 and 2019, suggest potential uncertainties in financial... Read more
Average Taxable Income per Tax Return in Buffalo County, NE over the last 9 years
Over the past nine years, Buffalo County, Nebraska has experienced a notable increase in average taxable income per tax return. Starting at $58,462.36 in 2013 and climbing steadily to $86,596.48 in 2021, this trend suggests a growing economy and potentially lucrative opportunities for investors and real estate agents. Individuals considering a move or property investment might be encouraged by this upward momentum, while appraisers and insurance agents should consider the implications of these rising incomes on property values and insurance rates.
Average State and Local Income Taxes Per Tax Return in Buffalo County, NE Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Buffalo County, Nebraska, showed considerable fluctuations. While there was a noticeable dip in 2014 to $7,414.90, peaks were observed in 2015 and 2019 at around $8,405.85 and $8,468.10 respectively. Recent years reflected stabilization, though 2020 marked another significant dip to $7,526.92. This volatility highlights potential uncertainties for prospective investors, real estate agents, and future residents planning finances and assessing long-term living costs.
Average Total Tax Liability Per Tax Return in Buffalo County, NE Over the Last 10 Years
Buffalo County, Nebraska, has shown significant fluctuations in average total tax liability per tax return over the last decade. After a dip in 2013 to $9,621.63, the values gradually increased, peaking in 2021 at approximately $15,007.83. This gradual increase with a notable spike in 2021 may indicate changes in income levels or tax policies affecting the county's residents. For those considering investing or moving to the area, these shifts suggest a dynamic economic environment that could influence financial planning, property appraisals, and insurance assessments.
Cost of Living in Buffalo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,260 | $1,532 | $2,140 | $1,271 | $1,382 |
| 1 adult 4 children | $1,260 | $1,251 | $1,638 | $1,271 | $1,513 |
| 2 adults 3 children | $1,260 | $1,252 | $1,856 | $1,271 | $1,116 |
| 1 adult 3 children | $1,260 | $1,022 | $1,354 | $1,271 | $1,226 |
| 2 adults 2 children | $929 | $1,025 | $1,571 | $1,105 | $880 |
| 1 adult 2 children | $929 | $765 | $1,070 | $1,105 | $857 |
| 2 adults 1 child | $929 | $810 | $1,287 | $564 | $792 |
| 1 adult 1 child | $929 | $523 | $786 | $564 | $665 |
| 2 adults | $712 | $651 | $1,003 | $0 | $646 |
| 1 adult | $640 | $355 | $502 | $0 | $541 |
Safety trends & Data
Buffalo County, Nebraska has seen fluctuating property crime trends over the past five years. Larceny-theft incidents peaked at 228 in 2018 but have since decreased, hitting 133 in 2022. Vandalism sharply rose to 133 incidents in 2022, suggesting an increasing concern. Fraud cases showed a notable spike to 48 in 2021 before dropping to 18 in 2022. Understanding these patterns could be key for investors, real estate agents, and residents wanting insights into the security... Read more
Property Crime Trends in Buffalo County, NE Over the Last 5 Years
Buffalo County, Nebraska has seen varied trends in property crime over the last five years. Notably, larceny-theft consistently remains high, peaking at 228 incidents in 2018 and a slight drop to 133 in 2022. Vandalism, another significant concern, saw a sharp rise to 133 incidents in 2022, marking an increase from previous years. Conversely, fraud cases showed relative fluctuation, with a remarkable increase in 2021 at 48 incidents before dropping to 18 in 2022. Awareness of these trends might be crucial for prospective investors, real estate agents, and residents aiming to understand the security landscape of the area better.
Demographics
In Buffalo County, Nebraska, the gender distribution is fairly balanced, with a slight female majority. Noteworthy educational attainment trends indicate a considerable portion of the population has at least some college experience, but many do not complete a degree. A significant proportion holds a bachelor's degree or higher, suggesting access to higher education. The age distribution highlights a diverse mix, with notable populations in both young adult and middle-aged groups, which could... Read more
Race Distribution in Buffalo County, Nebraska (2022)
Educational Attainment in Buffalo County, Nebraska (2022)
Age Distribution in Buffalo County, Nebraska
Citizen Population in Buffalo County, Nebraska (2022)
Political Trends & Data
Buffalo County, Nebraska, demonstrated a strong preference for the Republican party during the 2020 presidential election, with around 70.5% of the votes. This overwhelming support, compared to the 27% for the Democratic party and 2.5% for Libertarians, might suggest a deeply rooted conservative voting tradition in the area. Understanding this political inclination could be crucial for gauging community values and predicting future policy impacts on local real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Buffalo County, Nebraska, saw a significant lean towards the Republican party in the 2020 presidential election, with approximately 70.5% of votes. The Democratic party garnered about 27%, while the Libertarians held a marginal share at roughly 2.5%. The strong Republican preference might indicate a trend or tradition of conservative voting within the county.
70.54% of voters voted for the Republican party in the 2020 Presidential Election
26.92% of voters voted for the Democrat party in the 2020 Presidential Election
2.54% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Buffalo County, Nebraska, has had student-to-teacher ratios close to the national average of 14 students per teacher over the last decade, with a brief increase in 2020 to about 15. Recent years show a slight decrease, settling around 13 students per teacher. This could be attractive for families prioritizing education, signaling stable educational standards. Appraisers and insurance agents may find this data useful for evaluating community engagement and educational infrastructure, potentially... Read more
Student-to-teacher ratio in Buffalo County, Nebraska over the last 10 years
Over the last decade, Buffalo County, Nebraska has had student-to-teacher ratios hovering close to the national average, which is currently 14 students per teacher. Although it saw a brief spike in 2020 with a ratio of about 15, recent years indicate a slight decrease, stabilizing around 13 students per teacher. For potential investors, real estate agents, or those considering relocating, this implies that the county is relatively aligned with national educational standards, offering a potentially favorable environment for families prioritizing education. Appraisers and insurance agents might find this data useful for assessing community engagement and educational infrastructure, which in turn could influence property valuations and investment decisions.
