Cherry County Real Estate and Livability Trends
Cherry County, Nebraska has seen its average taxable income fluctuate, peaking at $54,777.50 in 2014 and jumping to $56,667.78 in 2021, hinting at potential economic growth for real estate investors to evaluate. Median home values have grown from $114,200 in 2015 to $137,300 in 2022, indicating slower growth than state and national averages but suggesting more affordable housing options. The... Read more
Cherry County Market Trends
Cherry County, Nebraska's median home values increased from $114,200 in 2015 to $137,300 in 2022, reflecting a slower growth rate than the state and national averages. This could suggest more affordable housing options and reduced market volatility. Homeowners and investors may find the fluctuating real estate taxes, peaking at $2,642.31 in 2016 and declining to $2,050.00 by 2021, important for... Read more
Median Value of Occupied Housing Units in Cherry County, Nebraska Over the Last 8 Years
Cherry County, Nebraska's median home values reveal a dynamic trend over the past eight years, with an increase from $114,200 in 2015 to $137,300 in 2022. Compared to the rest of Nebraska, where median values shot up from $133,200 to $205,600 during the same period, Cherry County appears to have a more modest growth rate. Nationally, the increase from $125,500 in 2015 to $179,400 in 2022 suggests a robust real estate market. For potential investors or those considering a move, Cherry County may offer an appealing balance of slower property value growth, which might promise more affordability and less market volatility compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Cherry County, NE Over the Last 3 Years
In Cherry County, Nebraska, the average residential energy tax credit per tax return has fluctuated significantly over the last three years. In 2013, the average was approximately $475.00, which saw an increase in 2014 to $566.67. However, 2015 marked a notable decline to $233.33. This volatility might suggest changing local incentives or varying adoption rates of energy-efficient technologies, which is worth considering for anyone interested in energy-related investments or property development in the area.
Average Real Estate Taxes Per Tax Return in Cherry County, NE Over the Last 10 Years
The average real estate taxes per tax return in Cherry County, Nebraska, have shown a fluctuating trend over the past decade. Starting at $2,277.42 in 2012, an initial upward climb was noted until 2016 when taxes peaked at $2,642.31. Despite a drop to $2,122.22 in 2017, there was a brief rise again in 2018 and 2019 before another decline, reaching $2,050.00 by 2021. These shifts indicate potential volatility, important for investors and homeowners who might need to factor in tax variability when considering property investments or relocations in the area. Real estate agents and insurance agents, in particular, should be aware of these tax trends when advising clients.
Percentage of Farm Returns in Cherry County, NE Over the Last 10 Years
Over the past decade, farm returns in Cherry County, Nebraska have shown a slight yet consistent fluctuation around the 24%-25% mark, with the most recent data indicating an uptick to approximately 25.40% in 2021. Farm tax returns, which represent the percentage of filed tax documents by agricultural operations, are a critical economic indicator here in the largest US county by land area. These trends hint at a relatively stable agricultural economy, making it potentially attractive for new investments, real estate developments, or individuals looking to engage in farming activities.
Number of Mortgages by Occupancy Type in Cherry County, NE Over the Last 5 Years in Cherry County
Cherry County, Nebraska has seen a consistent increase in mortgages for principal residences over the past five years, peaking at 167 in 2021. Investment properties hover around a low, relatively stable range with a slight dip in 2020 followed by modest recovery. Second residences maintain a minor and steady presence. These shifts in mortgage allocations could suggest growing owner-occupancy, which might be appealing for potential residents seeking community stability, or highlight investment opportunities for those wanting to capitalize on the region's gradual development. For appraisers and insurance agents, these trends could signal changes in property risks and value assessments. Builders and real estate agents might find the rising demand for principal residences a cue to focus more on that sector.
Economic Outlook
Cherry County, Nebraska has exhibited notable income fluctuations, with average taxable income peaking at $54,777.50 in 2014 before stabilizing in the mid-to-high $40,000s and then jumping to $56,667.78 in 2021, suggesting potential economic growth. These changes might be pivotal for real estate agents and investors evaluating market potential. Additionally, the county's state and local income taxes have varied significantly, hitting highs of $8,677.42 in 2014 and lows of $5,940.63 in 2012,... Read more
Average Taxable Income per Tax Return in Cherry County, NE over the last 9 years
Cherry County, Nebraska has seen notable fluctuations in average taxable income over the past nine years. Since peaking at $54,777.50 in 2014, income levels dipped but generally stabilized around the mid-to-high $40,000s. However, 2021 witnessed a significant jump to $56,667.78, suggesting a potential economic upswing. This volatility and recent growth might interest investors and real estate agents exploring market potential, as well as those considering relocation to the area. For appraisers and insurance agents, these trends could imply shifts in property values and risk assessments.
Average State and Local Income Taxes Per Tax Return in Cherry County, NE Over the Last 10 Years
Over the past decade, Cherry County, Nebraska has seen fluctuations in average state and local income taxes per tax return, significantly peaking in 2014 at $8,677.42 and dipping to its lowest in 2012 at $5,940.63. 2017 marked another significant peak at $8,935.48, potentially pointing towards sporadic economic conditions or changes in local tax regulations. For those eyeing real estate investments or considering moving to Cherry County, keeping an eye on these tax trends could be crucial for financial planning and long-term investment strategies.
Average Total Tax Liability Per Tax Return in Cherry County, NE Over the Last 10 Years
Over the past decade, Cherry County, Nebraska has experienced notable fluctuations in the average total tax liability per tax return, ranging from a low of approximately $5,920.51 in 2018 to a high of about $9,100.93 in 2014. Such variability may imply volatility in economic conditions or shifts in tax policies. This trend is crucial for investors, property developers, real estate agents, and residents as it potentially affects financial planning, property values, and the overall economic health of the county.
Cost of Living in Cherry County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,379 | $2,648 | $1,271 | $1,448 |
| 1 adult 4 children | $1,005 | $1,126 | $2,031 | $1,271 | $1,556 |
| 2 adults 3 children | $1,005 | $1,127 | $2,295 | $1,271 | $1,162 |
| 1 adult 3 children | $1,005 | $920 | $1,677 | $1,271 | $1,244 |
| 2 adults 2 children | $826 | $922 | $1,941 | $1,105 | $957 |
| 1 adult 2 children | $826 | $689 | $1,324 | $1,105 | $933 |
| 2 adults 1 child | $826 | $729 | $1,588 | $564 | $850 |
| 1 adult 1 child | $826 | $471 | $971 | $564 | $682 |
| 2 adults | $628 | $586 | $1,234 | $0 | $671 |
| 1 adult | $562 | $319 | $617 | $0 | $557 |
Safety trends & Data
Cherry County, Nebraska's property crime rates have fluctuated over the past five years without a clear trend. Larceny-theft has been the most frequent issue, peaking at 6.0 occurrences in 2018 and staying relatively steady since. Fraud and vandalism continue to be persistent problems, showing variable numbers annually. Motor vehicle thefts and incidents of handling stolen property experience occasional spikes but aren’t consistently high. These crime rate patterns suggest ongoing but... Read more
Property Crime Trends in Cherry County, NE Over the Last 5 Years
Cherry County, Nebraska has seen fluctuating property crime rates over the past five years, with no clear upward or downward trend. The most recurring issues have been incidents of larceny-theft, peaking at 6.0 occurrences in 2018, and remaining relatively steady in the following years. Fraud and vandalism have also been consistent concerns, each showing varying numbers year over year. Interestingly, motor vehicle thefts and incidents of buying, receiving, or possessing stolen property show spikes but not consistently high occurrences. For potential investors, realtors, or residents, these varying crime rates could indicate ongoing but manageable property security issues, with larceny and vandalism being the primary areas needing attention.
Demographics
Cherry County, Nebraska shows an adult population skewing male and a prominent white demographic, making up a significant majority. Educational attainment reveals a community where high school graduates and those with some college education dominate. The age distribution signifies a relatively balanced spread across different age groups, though there is a noticeable dip in the 20 to 24 years bracket, which might suggest outmigration for education or job... Read more
Race Distribution in Cherry County, Nebraska (2022)
Educational Attainment in Cherry County, Nebraska (2022)
Age Distribution in Cherry County, Nebraska
Citizen Population in Cherry County, Nebraska (2022)
Political Trends & Data
Cherry County, Nebraska, leaned heavily Republican in the 2020 U.S. Presidential Election, with the party capturing approximately 87% of the vote. Democrats garnered around 11.4%, and Libertarians trailed at roughly 1.5%. Notably, other parties like the Green Party contributed no measurable support, indicating a strong two-party preference in this region. This suggests voters here may predominantly favor conservative policies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cherry County in Nebraska leaned heavily Republican in the 2020 U.S. Presidential Election, with the party capturing approximately 87% of the vote. The Democrats garnered a significantly smaller portion at around 11.4%, while the Libertarians trailed at roughly 1.5%. Notably, other parties like the Green Party contributed no measurable support, indicating a strong two-party preference in this region. This data suggests that voters in Cherry County may predominantly favor conservative policies and candidates.
87.11% of voters voted for the Republican party in the 2020 Presidential Election
11.42% of voters voted for the Democrat party in the 2020 Presidential Election
1.47% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Cherry County, Nebraska has maintained student-to-teacher ratios between seven and nine students per teacher over the last decade, significantly below the national average of 14. This trend implies smaller class sizes, making the area attractive to families prioritizing education. For real estate investors, this could mean heightened housing demand. This stable educational environment might positively impact property valuations, as appraisers and insurance agents could see it as a sign of a... Read more
Student-to-teacher ratio in Cherry County, Nebraska over the last 10 years
Over the last decade, Cherry County, Nebraska has consistently boasted a student-to-teacher ratio far below the national average of 14 students per teacher, fluctuating between seven and nine students per teacher. Such a low ratio indicates smaller class sizes, which could be particularly appealing for parents seeking more individualized attention for their children, potentially driving more families to move to the area. For real estate investors, this trend might translate into increased demand for housing. Appraisers and insurance agents might also note the stable, low ratios as an indicator of a community invested in education quality, potentially affecting property valuations positively. Overall, the continued commitment to low student-to-teacher ratios suggests a community focus on education, which can have wide-ranging implications for anyone connected to the property market or involved in local development.
