Cuming County Real Estate and Livability Trends
Cuming County, Nebraska's median home values have increased from $102,500 in 2015 to $160,000 in 2022, trailing state and national trends. Over this period, taxable income rose from $56,503.65 in 2013 to $76,098.61 in 2021, suggesting economic growth. However, fluctuations in local income taxes and liabilities, peaking at $11,827.64 in 2021, could be essential for assessing economic conditions.... Read more
Cuming County Market Trends
Cuming County, Nebraska's housing market has seen a steady increase in median home values over the past eight years, rising from $102,500 in 2015 to $160,000 in 2022, though still trailing behind state and national trends. Residential energy tax credits have fluctuated, peaking at $1,057.14 in 2014 and stabilizing around $700.00 in 2021, possibly reflecting changing rates of energy-efficient home... Read more
Median Value of Occupied Housing Units in Cuming County, Nebraska Over the Last 8 Years
Cuming County, Nebraska's housing market has shown a steady increase in median home values over the past eight years, rising from $102,500 in 2015 to $160,000 in 2022. While this is a substantial gain, it trails behind the state of Nebraska, where median values surged from $133,200 to $205,600 during the same period. Nationally, the market also saw significant growth, from $125,500 in 2015 to $179,400 in 2022. These local trends provide a more affordable, yet gradually appreciating option for potential buyers compared to both the state and national levels.
Residential Energy Tax Credit Per Tax Return in Cuming County, NE Over the Last 7 Years
Over the last seven years, Cuming County, Nebraska saw fluctuations in the average residential energy tax credit claimed per tax return. The peak occurred in 2014 with $1,057.14, followed by a significant drop in 2017 to $250.00. More recently, this average stabilized at around $700.00 in 2021. This trend may suggest shifts in energy-efficient home improvements and adoption rates in the county, potentially offering opportunities for investments in sustainable housing technologies and energy-saving solutions.
Average Real Estate Taxes Per Tax Return in Cuming County, NE Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Cuming County, Nebraska have shown a general upward trend, particularly spiking from $2,550.00 in 2012 to a significant $4,922.22 by 2021. This rising trajectory could interest potential investors or real estate agents considering property values and tax burdens. It's notable that the increase has not been linear, with occasional dips, such as in 2016, but the overall climb suggests an increasing demand or reassessment of property values in the county. For appraisers and insurance agents, this data might indicate changing risk profiles and cost considerations for properties in Cuming County.
Percentage of Farm Returns in Cuming County, NE Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Cuming County, Nebraska, hovered around 18%-19%, showing slight annual variations. Notably, the percentage slightly decreased from 19.59% in 2012 to around 17.86% in 2021. Farm tax returns, often considered a measure of agricultural activity and economic health in rural regions, provide useful insights for those eyeing investment or development opportunities. This metric matters as it can signal the stability and financial viability of farming businesses, potentially influencing property values and local market trends.
Number of Mortgages by Occupancy Type in Cuming County, NE Over the Last 5 Years in Cuming County
In Cuming County, Nebraska, the data shows a notable dominance of principal residence mortgages, consistently outnumbering investment and second homes over the past five years. This trend implies a stable residential market which might suggest lower risk for new investments. A significant increase in the number of principal residence mortgages, especially from 150 in 2018 to 297 in 2021, could indicate growing demand for home ownership, potentially driving up property values. For appraisers and insurance agents, this information is crucial for accurately assessing property values and risks. Real estate agents and builders should consider focusing on residential property opportunities, given the clear preference for primary homes in the area.
Economic Outlook
Cuming County, Nebraska has experienced a noticeable upward trend in average taxable income over the past nine years, rising from approximately $56,503.65 in 2013 to around $76,098.61 in 2021, with a significant leap between 2019 and 2021. This indicates potentially growing economic opportunities, making the area appealing to investors and new residents. The average state and local income taxes have seen fluctuations, peaking at around $9707.69 in 2015, and varying significantly over the past... Read more
Average Taxable Income per Tax Return in Cuming County, NE over the last 9 years
Cuming County, Nebraska, has seen fluctuations in average taxable income over the past nine years, but there's a noticeable upward trend. In 2013, the average was approximately $56,503.65 and by 2021, it surged to around $76,098.61. The most significant leap occurred between 2019 and 2021, where the income jumped by nearly $14,241.40. This steady increase indicates potentially growing economic opportunities and could make Cuming County an attractive area for investors and new residents. Such trends are vital for appraisers and real estate agents when evaluating property values and for insurance agents assessing risk and appropriate coverage.
Average State and Local Income Taxes Per Tax Return in Cuming County, NE Over the Last 10 Years
The average state and local income taxes per tax return in Cuming County, Nebraska have generally fluctuated over the past decade, with notable peaks in 2015 and 2021 at approximately $9707.69 and $9166.67 respectively. Despite these highs, there were also periods of decline, such as in 2018 when the average dropped to around $7843.75. This variability might be important for potential investors, real estate agents, and insurance agents who seek to understand economic conditions that could affect property values, demand, and tax liabilities. This kind of fluctuating trend indicates changing economic circumstances which might influence future financial planning and appraisals in the county.
Average Total Tax Liability Per Tax Return in Cuming County, NE Over the Last 10 Years
Cuming County, Nebraska has witnessed fluctuating tax liabilities per return over the past decade, peaking at $11,827.64 in 2021. Notably, the lowest point was in 2019, at $8,616.25, with significant variability around the $9,000 to $10,000 range. This can be an indicator of economic shifts, impacting decisions for those interested in property investment, real estate, and financial planning within the county.
Cost of Living in Cuming County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,082 | $1,375 | $2,140 | $1,271 | $1,279 |
| 1 adult 4 children | $1,082 | $1,123 | $1,638 | $1,271 | $1,415 |
| 2 adults 3 children | $1,082 | $1,124 | $1,856 | $1,271 | $1,029 |
| 1 adult 3 children | $1,082 | $917 | $1,354 | $1,271 | $1,139 |
| 2 adults 2 children | $826 | $920 | $1,571 | $1,105 | $849 |
| 1 adult 2 children | $826 | $687 | $1,070 | $1,105 | $827 |
| 2 adults 1 child | $826 | $727 | $1,287 | $564 | $767 |
| 1 adult 1 child | $826 | $470 | $786 | $564 | $629 |
| 2 adults | $721 | $584 | $1,003 | $0 | $644 |
| 1 adult | $562 | $319 | $502 | $0 | $527 |
Safety trends & Data
Cuming County, Nebraska has experienced noticeable fluctuations in property crime over the past five years. While larceny-theft incidents have remained relatively low, vandalism saw a spike in 2019 with seven reported cases. Fraud occurrences have been steady yet sporadic, and there have been instances of diverse crime types, including motor vehicle theft and forgery. These trends could influence investor and real estate agent decisions regarding stability, as well as appraisals and risk... Read more
Property Crime Trends in Cuming County, NE Over the Last 5 Years
Over the last five years, Cuming County, Nebraska has seen notable fluctuations in various property crimes. Larceny-theft incidents have generally remained low, while vandalism peaked in 2019 with seven reported cases, perhaps indicating temporary spikes in specific crime trends. Fraud occurrences have been relatively steady but sporadic. There's been a curious presence of diverse crime types like motor vehicle theft and even forgery. These trends may be of interest to investors and real estate agents looking at stability, and appraisers or insurance agents quantifying risk assessments.
Demographics
Cuming County, Nebraska, presents a nearly balanced gender distribution with a slight male majority. Educational attainment seems to be focused heavily on high school graduation and some college education, while bachelor's degrees and higher education are less common. The age distribution suggests a higher concentration of residents in the 25 to 64 age range, which may influence local workforce dynamics. The county is predominantly White, with very small percentages of other racial groups,... Read more
Race Distribution in Cuming County, Nebraska (2022)
Educational Attainment in Cuming County, Nebraska (2022)
Age Distribution in Cuming County, Nebraska
Citizen Population in Cuming County, Nebraska (2022)
Political Trends & Data
Cuming County, Nebraska exemplifies a pronounced conservative leaning, with Republicans possibly securing close to 79% of the vote in the 2020 U.S. Presidential Election. Democrats, on the other hand, may have only garnered about 20%, while the Libertarian party just edged over 1.5%. Other parties such as the Green party seemingly had an insignificant impact. This trend underscores a potentially entrenched conservative base in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Cuming County, Nebraska saw a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, with Republicans potentially capturing nearly 79% of the vote. Democrats seemed to trail significantly, managing around 20%. The Libertarian party barely made a dent, contributing to just over 1.5% of the total. Other parties, including the Green party, apparently didn't register a notable presence. This distribution hints at a strong conservative base within the county.
78.79% of voters voted for the Republican party in the 2020 Presidential Election
19.55% of voters voted for the Democrat party in the 2020 Presidential Election
1.66% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Cuming County, Nebraska boasts a student-to-teacher ratio consistently below the national average of 14:1, potentially indicating a more favorable education environment. This trend might appeal to families and investors seeking quality schooling with better individual attention. Real estate agents could leverage these statistics to emphasize the area's strong educational offering, potentially influencing property values and community... Read more
Student-to-teacher ratio in Cuming County, Nebraska over the last 10 years
Over the past decade, Cuming County, Nebraska has seen a student-to-teacher ratio that consistently falls below the national average of 14 students per teacher. This trend may suggest a more favorable education environment, potentially leading to better individual student attention and academic outcomes. Investors and families eyeing this area might perceive smaller classroom sizes as a significant advantage, while real estate agents could use these statistics to highlight the quality of local schools to prospective buyers. Lower student-to-teacher ratios can also affect property appraisals and insurance rates, as they often correlate with higher community desirability and potentially lower turnover rates.
