Custer County Real Estate and Livability Trends
Custer County, Nebraska's real estate market has been on an upward trajectory with median home values climbing from roughly $86,700 in 2015 to $133,400 in 2022, indicating faster growth than the state average. Taxable income rose to $58,521.50 per tax return in 2021, while state and local income taxes hovered near $7,000.00. Property crimes like vandalism saw spikes in 2019 and 2022, potentially... Read more
Custer County Market Trends
Custer County, Nebraska has seen its median home values rise from around $86,700 in 2015 to $133,400 in 2022, notable considering the county's growth pace surpasses Nebraska's overall. The highest point for Residential Energy Tax Credits per tax return, $1,066.67 in 2019, and a low of $300.00 in 2014, suggests fluctuating investments in energy efficiency. Average real estate taxes increased... Read more
Median Value of Occupied Housing Units in Custer County, Nebraska Over the Last 8 Years
Over the last eight years, Custer County, Nebraska has seen its median home values climb from roughly $86,700 in 2015 to $133,400 in 2022, reflecting a significant upward trend. Although the county's values remain below the national median, which reached $179,400 in 2022, it's fascinating to see how Custer County's growth has outpaced the state of Nebraska's median home value increase when comparing percentage rises within the same timeframe. This trend could appeal to potential investors seeking under-the-radar markets with solid appreciation potential while also being informative for current residents tracking their home equity growth.
Residential Energy Tax Credit Per Tax Return in Custer County, NE Over the Last 8 Years
Custer County, Nebraska has seen fluctuating Residential Energy Tax Credit values per tax return over the past eight years, peaking at $1,066.67 in 2019 and dipping as low as $300.00 in 2014. The variation in these values suggests potential oscillations in residential energy efficiency investments or policy changes that may be of interest to real estate agents, appraisers, and investors aiming to capitalize on energy-efficient property developments. This trend may also impact insurance agents as homes with significant energy updates may incur different coverage rates. Understanding these fluctuations can provide deeper insights into the county's commitment to energy-efficient enhancements in residential properties.
Average Real Estate Taxes Per Tax Return in Custer County, NE Over the Last 10 Years
Custer County, Nebraska has seen a gradual increase in average real estate taxes per tax return over the past decade, rising from $2,324.59 in 2012 to $3,000.00 in 2021. This trend may indicate a steadily growing property market, which could be a critical factor for investors and potential homebuyers. For real estate agents and appraisers, understanding this upward trajectory is essential for accurately valuing properties and assessing market conditions. Those considering building or moving to Custer County might anticipate higher tax burdens, which could impact their financial planning and long-term investment decisions.
Percentage of Farm Returns in Custer County, NE Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Custer County, Nebraska shows a slight overall decline from around 23.90% in 2012 to roughly 21.29% in 2021. Farm tax returns represent the filings by agricultural businesses, indicating both participation in farming and potentially the health of this sector. For investors or those interested in moving or building property here, this trend might hint at a gradual shift or diversification happening within the local economy, possibly making room for other types of businesses or residential growth opportunities.
Number of Mortgages by Occupancy Type in Custer County, NE Over the Last 5 Years in Custer County
Over the past five years in Custer County, Nebraska, there has been a noticeable fluctuation in the number of mortgages issued for different property types. Mortgages for principal residences have seen significant variations, with a peak in 2020 at 341 and a notable drop to 189 in 2022. Investment property mortgages have generally remained low, peaking at just 19 in 2021 before falling sharply to 5 in 2022. Second residence mortgages have consistently been minimal. These changes in occupancy type can impact local market dynamics, affecting property values, demand for home insurance, and lending practices. Investors, in particular, might find the volatility in investment property mortgages a point of interest, as it may signal shifts in economic factors or local regulatory changes. For potential movers, understanding these trends could provide insights into long-term community stability and housing market behavior.
Economic Outlook
The real estate market in Custer County, Nebraska has shown notable economic growth indicators, with average taxable income per tax return reaching $58,521.50 in 2021. State and local income taxes have generally oscillated around $7,000.00 in recent years, despite occasional dips and fluctuations. Understanding these trends in taxable income and tax liability, which varied between $6,378.98 in 2018 and $8,410.83 in 2021, is vital for real estate agents, investors, and appraisers to accurately... Read more
Average Taxable Income per Tax Return in Custer County, NE over the last 9 years
Over the past nine years, the average taxable income per tax return in Custer County, Nebraska has shown a variable but generally upward trend. 2018 and particularly 2021 stand out with significant increases, topping at $52,325.34 in 2018 and $58,521.50 in 2021. These fluctuations could attract potential investors and real estate developers, indicating economic growth periods. For appraisers and insurance agents, understanding these income trends can assist in accurate valuations and risk assessments for properties.
Average State and Local Income Taxes Per Tax Return in Custer County, NE Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Custer County, Nebraska have fluctuated, generally oscillating between $6,500.00 and $7,300.00, with a notable dip to approximately $5,800.00 in 2018. Trends slightly declined from 2014 to 2019 before appearing to stabilize around $7,000.00 in the following years. This variability could make tax planning a pivotal consideration for residents, investors, and relevant professionals when assessing financial commitments in the area.
Average Total Tax Liability Per Tax Return in Custer County, NE Over the Last 10 Years
Over the past decade, Custer County, Nebraska has shown fluctuating trends in average total tax liability per tax return, with figures ranging from $6,378.98 in 2018 to $8,410.83 in 2021. The variability in tax liability suggests economic shifts that may affect property values and investment appeal. Understanding these trends is crucial for real estate agents, investors, and appraisers who need to align their strategies with potential tax implications. It also serves as a useful benchmark for potential new residents and insurance agents assessing fiscal obligations in the area.
Cost of Living in Custer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,024 | $1,323 | $2,140 | $1,271 | $1,237 |
| 1 adult 4 children | $1,024 | $1,080 | $1,638 | $1,271 | $1,375 |
| 2 adults 3 children | $1,024 | $1,081 | $1,856 | $1,271 | $993 |
| 1 adult 3 children | $1,024 | $882 | $1,354 | $1,271 | $1,102 |
| 2 adults 2 children | $826 | $885 | $1,571 | $1,105 | $846 |
| 1 adult 2 children | $826 | $661 | $1,070 | $1,105 | $827 |
| 2 adults 1 child | $826 | $699 | $1,287 | $564 | $765 |
| 1 adult 1 child | $826 | $452 | $786 | $564 | $629 |
| 2 adults | $653 | $562 | $1,003 | $0 | $619 |
| 1 adult | $562 | $306 | $502 | $0 | $525 |
Safety trends & Data
Property crime in Custer County, Nebraska, has shown variability over the last five years, with larceny-theft peaking in 2020 at 10 incidents. Vandalism surged in 2019 and 2022, while burglary and motor vehicle theft remained generally low but saw slight increases during the same periods. These crime pattern shifts could potentially influence property values and insurance premiums, making them crucial factors for potential investors and residents to... Read more
Property Crime Trends in Custer County, NE Over the Last 5 Years
Property crime in Custer County, Nebraska, shows notable variability over the last five years. Larceny-theft had its highest spike in 2020 with 10 incidents. Vandalism surged in 2019 and 2022, both years recording six and five cases respectively. Burglary remained low but showed a slight uptick in 2022 with three incidents. Motor vehicle theft was sporadic but made a notable appearance in 2020 with three cases. These fluctuations highlight a mixed safety landscape, essential for potential investors and residents to consider, as they indicate shifts in local crime patterns that could impact property values, insurance premiums, and general community security.
Demographics
Custer County, Nebraska exhibits a nearly balanced male to female adult population, suggesting an equitable gender distribution. Educational attainment trends reveal a significant portion of the population has at least a high school diploma, though there's still a notable segment without a degree. Age distribution skews towards older demographics, with over a third aged 55 and up, hinting at an aging population which could impact local services and workforce dynamics. The racial makeup is... Read more
Race Distribution in Custer County, Nebraska (2022)
Educational Attainment in Custer County, Nebraska (2022)
Age Distribution in Custer County, Nebraska
Citizen Population in Custer County, Nebraska (2022)
Political Trends & Data
Custer County, Nebraska, demonstrated a significant leaning towards the Republican Party in the 2020 U.S. Presidential Election, with around 85% of the votes. Democrats garnered slightly over 13%, and Libertarians came in with nearly 2%. This trend may indicate a predominantly conservative electorate, potentially influencing local policies and community development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Custer County, Nebraska showed a strong preference for the Republican Party in the 2020 U.S. Presidential Election, with nearly 85% of the votes. Democrats received a little over 13%, and Libertarians secured nearly 2%. The Green Party and other candidates did not register any significant support. These patterns could suggest a deeply entrenched conservative base in the county.
84.93% of voters voted for the Republican party in the 2020 Presidential Election
13.12% of voters voted for the Democrat party in the 2020 Presidential Election
1.95% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Custer County, Nebraska has seen a dramatic shift in its student-to-teacher ratio, skyrocketing from below the national average of 14 students per teacher to as high as 101 in 2022 and 91 in 2023. These changes could signal systemic issues or reporting errors but still profoundly impact educational quality, potentially influencing real estate investments and property values. Families seeking better educational environments might look elsewhere, which real estate agents and appraisers should... Read more
Student-to-teacher ratio in Custer County, Nebraska over the last 10 years
Custer County, Nebraska has experienced a significant shift in the student-to-teacher ratio over the last decade. While the ratio hovered slightly below the national average of 14 students per teacher from 2014 to 2020, a sudden and dramatic increase can be observed starting in 2021. Recent figures as high as 101 students per teacher in 2022 and 91 in 2023 may indicate systemic issues or reporting anomalies. Such changes profoundly affect educational quality and could influence decisions in real estate investments, property development, and community planning, as families may seek more favorable educational environments. Real estate agents and appraisers should account for how these educational metrics might impact property values and market attractiveness.
