Burt County Real Estate and Livability Trends
Burt County, Nebraska's real estate scene shows interesting economic and demographic shifts. From 2013 to 2021, the average taxable income climbed from $51,402.60 to $65,115.38, hinting at rising economic stability or an influx of wealthier residents. Median home values rose from $88,700 in 2015 to $123,100 in 2022, offering below-state and national market rates but suggesting long-term value... Read more
Burt County Market Trends
The median home value in Burt County, Nebraska, has steadily increased from $88,700 in 2015 to $123,100 in 2022, although values remain below both state and national medians. This upward trend might suggest long-term value appreciation for potential investors and homebuyers seeking affordable options compared to broader markets. Residential Energy Tax Credit trends show significant variability,... Read more
Median Value of Occupied Housing Units in Burt County, Nebraska Over the Last 8 Years
The median home values in Burt County, Nebraska, have risen from $88,700 in 2015 to $123,100 in 2022, reflecting a steady increase that mirrors trends at both state and national levels. While Burt County's values remain below Nebraska's statewide median, which soared to $205,600 in 2022, and the national median of $179,400, the consistent upward trajectory suggests potential long-term gains for those looking to invest in local properties. This escalation could be appealing for prospective homebuyers and investors seeking more affordable opportunities compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Burt County, NE Over the Last 8 Years
Trends in Burt County, Nebraska indicate a significant variability in the average Residential Energy Tax Credit per tax return over the last eight years, with notable spikes in certain years. For instance, while the average credit was at $455.56 in 2013, it dropped to $240.00 in 2014 but gradually increased again, reaching a high of $1,150.00 in 2021. These fluctuations suggest varying levels of investment in energy-efficient home improvements, potentially tied to economic conditions or policy changes. This variability might be of interest to investors, property developers, and real estate agents looking to capitalize on energy efficiency incentives. Appraisers and insurance agents could also find these trends relevant for assessing property values and risks associated with energy upgrades.
Average Real Estate Taxes Per Tax Return in Burt County, NE Over the Last 10 Years
Burt County, Nebraska, has seen a notable increase in average real estate taxes per tax return over the last decade, climbing from $2,396.15 in 2012 to $4,171.43 in 2021. This upward trend, with some fluctuations, reflects the growing burden on property owners, possibly indicating rising property values or local tax rate adjustments. These figures suggest evolving economic conditions and could impact investment decisions, property appraisals, and insurance premiums, making it crucial for prospective and current residents, as well as real estate professionals, to stay informed.
Percentage of Farm Returns in Burt County, NE Over the Last 10 Years
Over the past decade, Burt County, Nebraska has seen a fluctuating yet slight decline in the percentage of farm tax returns, with figures ranging from a high of approximately 13.78% in 2012 and 2013 to a low of around 11.99% in 2020. Farm tax returns, which represent the portion of total tax filings attributed to agricultural activities, provide insights into the economic stability and prevalence of farming within the region. Investors, potential residents, and property developers might view this trend as indicative of a modest shift in the county's economic focus or demographic changes, possibly accompanied by the development of other sectors. This nuanced understanding of the local agricultural economy helps shape strategic decisions about investments and activities in Burt County.
Number of Mortgages by Occupancy Type in Burt County, NE Over the Last 5 Years in Burt County
In Burt County, Nebraska, mortgage trends over the last five years show substantial activity in principal residences while investment properties and second residences maintain minimal but steady numbers. Peaks in mortgage counts for principal residences suggest potential growth in permanent population or a preference for primary homeownership. Those considering investments or new developments will notice a relatively low but consistent interest in investment properties, which might suggest limited speculative buying. Real estate agents and insurers could find these patterns significant for assessing market stability and risk, while prospective residents might perceive the area as primarily residential with stable investment properties, offering a solid community with growth potential primarily in the principal residence category.
Economic Outlook
Burt County, Nebraska's average taxable income has generally risen over the past nine years, increasing from $51,402.60 in 2013 to $65,115.38 by 2021. The significant hikes in 2018 and 2021 could imply growing economic stability or an influx of higher-income residents, potentially attracting real estate interest. The fluctuations in average state and local income taxes, peaking at $6,898.11 in 2013 but dropping to $4,875.00 in 2018, suggest varying economic conditions and policy changes.... Read more
Average Taxable Income per Tax Return in Burt County, NE over the last 9 years
Burt County, Nebraska's average taxable income per tax return has shown a general upward trajectory over the last nine years, with significant increases noted in 2018 and 2021. The average taxable income in 2013 was $51,402.60, increasing to $65,115.38 by 2021. This trend may highlight a growing economic stability or influx of higher-income residents, potentially making the area more attractive for investors and real estate interests. The notable rise in 2018 and 2021 could also suggest strategic opportunities for appraisers and insurance agents looking to leverage these insights for valuation and policy adjustments.
Average State and Local Income Taxes Per Tax Return in Burt County, NE Over the Last 10 Years
Over the past decade, the average state and local income taxes per tax return in Burt County, Nebraska have experienced noticeable fluctuations, with a high of $6,898.11 in 2013 and a low of $4,875.00 in 2018. These shifts could signal varying economic conditions and policy changes within the state. The general trend underscores a broader volatility that those looking to invest or build in the area might factor into financial planning, particularly in relation to tax strategies. This variability in taxes could potentially impact real estate market dynamics, influencing appraisals and property insurance considerations over longer investment horizons.
Average Total Tax Liability Per Tax Return in Burt County, NE Over the Last 10 Years
Over the past decade, Burt County, Nebraska has seen fluctuations in average total tax liability per tax return, with notable highs around $8,189.36 in 2012 and $8,529.08 in 2021. Despite these peaks, there's a noticeable downward trend between 2012 and 2020, hitting a low of approximately $6,548.71 in 2019. This volatility in tax liability may interest investors, property developers, and real estate agents as it potentially reflects economic changes and could inform property appraisals and insurance considerations in the area.
Cost of Living in Burt County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,444 | $2,179 | $1,271 | $1,292 |
| 1 adult 4 children | $1,005 | $1,179 | $1,669 | $1,271 | $1,418 |
| 2 adults 3 children | $1,005 | $1,179 | $1,890 | $1,271 | $1,032 |
| 1 adult 3 children | $1,005 | $963 | $1,379 | $1,271 | $1,132 |
| 2 adults 2 children | $826 | $965 | $1,600 | $1,105 | $874 |
| 1 adult 2 children | $826 | $721 | $1,090 | $1,105 | $851 |
| 2 adults 1 child | $826 | $763 | $1,311 | $564 | $784 |
| 1 adult 1 child | $826 | $493 | $800 | $564 | $638 |
| 2 adults | $628 | $613 | $1,021 | $0 | $623 |
| 1 adult | $562 | $334 | $511 | $0 | $529 |
Safety trends & Data
Property crime trends in Burt County, Nebraska reveal fluctuation over the past four years, with larceny-theft incidents showing variability, peaking at 4.00 in 2018 and 2020, and dropping to 1.00 in 2019. Fraud incidents seem relatively stable, holding at 2.00 across most years except for 2019. Notably, there's a single incidence of stolen property crimes in 2018. These patterns might interest real estate investors, appraisers, and those considering relocation, indicating that while certain... Read more
Property Crime Trends in Burt County, NE Over the Last 4 Years
Property crime trends in Burt County, Nebraska reveal fluctuation over the past four years, with larceny-theft incidents showing variability, peaking at 4.0 in 2018 and 2020, and dropping to 1.0 in 2019. Fraud incidents seem relatively stable, holding at 2.0 across most years except for 2019. Notably, the report records a single incidence of stolen property crimes in 2018. These patterns might interest real estate investors, appraisers, and those considering relocation, signaling that while certain types of property crime are present, they do not consistently increase year over year.
Demographics
Burt County, Nebraska, presents a near-even gender split in its adult population, possibly reflecting balanced opportunities for both males and females. The majority of residents have completed at least a high school education, with a notable portion having pursued higher education, which could suggest a workforce prepared for varied employment opportunities. Age distribution shows a significant percentage of the population hovering around the 55 to 64 years range, perhaps indicating aging... Read more
Race Distribution in Burt County, Nebraska (2022)
Educational Attainment in Burt County, Nebraska (2022)
Age Distribution in Burt County, Nebraska
Citizen Population in Burt County, Nebraska (2022)
Political Trends & Data
In Burt County, Nebraska, the 2020 U.S. Presidential Election results reveal a strong conservative preference, with nearly 69% of votes favoring the Republican Party. This political leaning could subtly influence local policies and community atmosphere, potentially shaping future real estate trends and desirability. Such a conservative environment may appeal to or deter certain buyers, affecting property demand and, indirectly,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Burt County, Nebraska, the 2020 U.S. Presidential Election data shows a significant preference for the Republican Party, capturing nearly 69% of the votes. The Democratic Party garnered approximately 28.5%, with the Libertarian Party trailing at around 2.4%. This suggests a strong conservative lean in the county, potentially influencing local policies and community dynamics.
69.15% of voters voted for the Republican party in the 2020 Presidential Election
28.49% of voters voted for the Democrat party in the 2020 Presidential Election
2.36% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Burt County, Nebraska has consistently remained below the national average of fourteen, showing a slight decline from twelve in 2014 to about eleven in 2023. These smaller class sizes might appeal to families seeking more personalized education for their children, adding to the county's attractiveness for potential homebuyers. Real estate agents could leverage this as a selling point, while appraisers and insurance agents may see it as enhancing the community's... Read more
Student-to-teacher ratio in Burt County, Nebraska over the last 10 years
The student-to-teacher ratio in Burt County, Nebraska has consistently hovered below the national average of fourteen students per teacher over the last decade. In recent years, this ratio has even shown a slight declining trend, dropping from twelve students per teacher in 2014 to roughly eleven in 2023. These lower ratios could suggest smaller class sizes, potentially offering more personalized attention and support for students, which might be appealing for families considering moving to the area. For real estate agents, this can be a valuable selling point, while appraisers and insurance agents might view it as a factor in the community's overall desirability and stability. Investors and developers might see the steady, low student-to-teacher ratio as indicative of a stable or growing local economy, resulting in future development opportunities.
