Dakota County Real Estate and Livability Trends
Dakota County, Nebraska has seen a rise in average taxable income per tax return, climbing from $41,617.99 in 2013 to $56,443.55 in 2021, which might suggest improved economic stability and higher wages, potentially attracting investors. Median home values peaked at $158,700 in 2022, though they still lag behind state and national medians, and residential energy tax credits surged, possibly due... Read more
Dakota County Market Trends
Median home values in Dakota County, Nebraska have shown a growth trend, peaking at $158,700 in 2022, yet still lagging behind the state and national medians. Residential energy tax credits have spiked, particularly reaching $500.00 in 2021, hinting at a rise in energy-efficient home improvements, which can be a bonus for eco-conscious buyers. Real estate taxes have risen steadily, from $2,842.38... Read more
Median Value of Occupied Housing Units in Dakota County, Nebraska Over the Last 8 Years
Over the past eight years, median home values in Dakota County, Nebraska have shown a fluctuating yet upward trend, peaking at $158,700 in 2022. This growth is more modest compared to Nebraska's statewide surge, which reached $205,600 in 2022, and the national median of $179,400. While Dakota County homes have generally been more affordable, their value increase indicates growing demand or improved market conditions, which could be appealing for investors and new residents looking for potentially lucrative opportunities in a less saturated market.
Residential Energy Tax Credit Per Tax Return in Dakota County, NE Over the Last 8 Years
The average residential energy tax credit per tax return in Dakota County, Nebraska, has fluctuated over the last eight years, reflecting potential shifts in energy efficiency incentives, local policy changes, and homeowner engagement in energy-saving measures. Notably, the credits saw a significant uptick in 2020 at $390.91 and reached $500.00 in 2021. These trends could suggest increasing investments in energy-efficient home improvements or enhanced governmental support for such initiatives, which might be appealing for real estate investors, homebuyers, and policy planners focused on sustainable living.
Average Real Estate Taxes Per Tax Return in Dakota County, NE Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Dakota County, Nebraska have shown a general upward trend. Starting from $2,842.38 in 2012, there were fluctuations, with a noticeable dip in 2015 ($2,782.98), but the overall trajectory has been an increase, peaking at $4,377.27 in 2021. This trend is significant for investors and property owners as rising taxes can impact property values and investment returns. For real estate agents and appraisers, understanding this trend can inform property valuations and buyer advisories. It's also a key consideration for those looking to move to the area, as higher taxes could affect overall living costs.
Percentage of Farm Returns in Dakota County, NE Over the Last 10 Years
Over the last decade, the percentage of farm returns in Dakota County, Nebraska, has generally fluctuated between 2.30% and 2.90%. This trend could signal a consistent but modest farming presence in the local economy. For those considering investment or relocation, the stability in farm tax returns might imply a foundational agricultural base offering a potentially steady, if not expansive, market for farming-related activities. Understanding these patterns is crucial for property developers or new residents who see value in a region's agricultural viability.
Number of Mortgages by Occupancy Type in Dakota County, NE Over the Last 5 Years in Dakota County
Dakota County, Nebraska has shown consistent interest primarily in principal residences over the past five years, with mortgage counts for such properties outnumbering those for investment and second residences by a significant margin. However, there has been a noticeable decline in overall mortgage activity from 2020 to 2022. Shifts in occupancy type can impact various factors like local real estate markets and service demands. Investors and potential movers might see a changing investment landscape, while appraisers and insurance agents could find shifting valuations and risk profiles. Builders, real estate agents, and local stakeholders benefit from understanding these trends for strategic decision-making and community development planning.
Economic Outlook
Dakota County, Nebraska has experienced a steady rise in average taxable income per tax return, increasing from $41,617.99 in 2013 to $56,443.55 in 2021. This trend might signal improved economic stability and higher wages, attracting investors and real estate professionals. State and local income taxes, after peaking at $6,757.14 in 2019, have shown a slight decline to $5,925.81 by 2021, which may influence financial planning and investment strategies. Notable peaks in total tax liability,... Read more
Average Taxable Income per Tax Return in Dakota County, NE over the last 9 years
Over the past nine years, Dakota County, Nebraska has seen a consistent uptick in the average taxable income per tax return, escalating from $41,617.99 in 2013 to $56,443.55 in 2021. This upward trend might indicate growing economic stability or rising wages, making it a potentially attractive location for investors, real estate experts, and those considering relocation. For insurance agents and appraisers, this consistent increase in taxable income could imply enhanced purchasing power and a stronger market for high-value properties. Builders and developers might also find this a compelling signal to explore new projects in the area.
Average State and Local Income Taxes Per Tax Return in Dakota County, NE Over the Last 10 Years
Over the last decade in Dakota County, Nebraska, state and local income taxes per tax return have generally trended upwards, reaching a peak of $6,757.14 in 2019. While there was a notable jump in 2018 to $6,744.44, recent years have shown a slight decline, settling at $5,925.81 in 2021. This fluctuation could potentially impact decisions for those considering investments, property developments, and relocations in the area. Businesses and individuals might find these tax trends worth noting, especially when strategizing future financial planning and investments.
Average Total Tax Liability Per Tax Return in Dakota County, NE Over the Last 10 Years
Over the past decade, Dakota County, Nebraska has seen some fluctuations in average total tax liability per tax return. Notably, the years 2020 and 2021 stand out with a significant spike, reaching up to $7,978.64 in 2020, before slightly dropping to $6,746.67 in 2021. These peaks could suggest changes in local economic conditions or tax policy adjustments. For prospective investors, real estate developers, or residents, understanding these trends matters as they may impact property values, insurance costs, and overall economic stability in the area.
Cost of Living in Dakota County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,201 | $1,267 | $2,150 | $2,230 | $1,577 |
| 1 adult 4 children | $1,201 | $1,035 | $1,655 | $2,230 | $1,744 |
| 2 adults 3 children | $1,201 | $1,035 | $1,861 | $2,230 | $1,326 |
| 1 adult 3 children | $1,201 | $845 | $1,365 | $2,230 | $1,496 |
| 2 adults 2 children | $979 | $847 | $1,571 | $1,940 | $1,061 |
| 1 adult 2 children | $979 | $633 | $1,075 | $1,940 | $1,141 |
| 2 adults 1 child | $979 | $670 | $1,281 | $999 | $863 |
| 1 adult 1 child | $979 | $432 | $785 | $999 | $744 |
| 2 adults | $743 | $538 | $991 | $0 | $592 |
| 1 adult | $654 | $293 | $496 | $0 | $519 |
Safety trends & Data
In Dakota County, Nebraska, property crime trends suggest potential considerations for investors and homeowners. Larceny-theft incidents spiked to 173 in 2022, while fraud cases increased to 29. Although burglary remains low and vehicle theft stable, slight upticks in vandalism and possession of stolen property could impact property appraisals and insurance rates. These patterns highlight the importance of factoring in crime dynamics during risk assessments and financial... Read more
Property Crime Trends in Dakota County, NE Over the Last 5 Years
Over the last five years in Dakota County, Nebraska, property crimes have shown varied trends. While burglary incidents remain low but steady, larceny-theft cases surged notably, peaking at 173 incidents in 2022. Motor vehicle theft has seen minimal fluctuation, staying consistent at around five cases annually. Fraud cases also saw a rise, reaching 29 incidents in the same year. Vandalism and possession of stolen property incidents have experienced slight increases, suggesting a growing concern in those areas. These patterns could influence investment decisions, property appraisals, and insurance rates, highlighting the need for potential homeowners and developers to consider these dynamics in their risk assessments and financial planning.
Demographics
Dakota County, Nebraska, presents a near-equal split between male and female adults, reflecting a balanced gender demographic. The county shows a significant portion of its population with high school diplomas and some college education, though fewer have attained advanced degrees, hinting towards potential workforce development opportunities. Children and young adults dominate age groups, which could shape future educational and recreational needs. Racial makeup is primarily White, with... Read more
Race Distribution in Dakota County, Nebraska (2022)
Educational Attainment in Dakota County, Nebraska (2022)
Age Distribution in Dakota County, Nebraska
Citizen Population in Dakota County, Nebraska (2022)
Political Trends & Data
In Dakota County, Nebraska, the 2020 U.S. Presidential Election data suggests the Republican candidate possibly led with 57.8% of the vote, while the Democratic candidate might have garnered around 40.4%. The Libertarian candidate's share was relatively small at 1.8%. These insights hint at a strong Republican lean, but the significant Democratic presence could indicate a certain level of political diversity in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In the 2020 U.S. Presidential Election in Dakota County, Nebraska, the Republican candidate possibly led with approximately 57.8% of the vote, while the Democratic candidate might have garnered around 40.4%. The Libertarian candidate's share was relatively small, with a potential 1.8% of the vote, and there appeared to be negligible or no support for the Green party and other candidates. These insights suggest a strong Republican lean, but the significant Democratic presence could indicate some level of political diversity in the county.
57.79% of voters voted for the Republican party in the 2020 Presidential Election
40.39% of voters voted for the Democrat party in the 2020 Presidential Election
1.83% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Dakota County, Nebraska, has shown a stable student-to-teacher ratio of around 13 students per teacher, slightly better than the national average of 14. This consistency could indicate more personalized education, potentially appealing to families and investors. Awareness of this trend can provide added value for real estate agents when discussing school quality with clients. Such stability might also suggest a steady population, influencing the demand for local services and products from an... Read more
Student-to-teacher ratio in Dakota County, Nebraska over the last 10 years
Dakota County, Nebraska has maintained a fairly consistent student-to-teacher ratio over the past decade, typically hovering around 13 students per teacher. This figure is slightly below the national average of 14 students per teacher, suggesting potentially more individualized attention in classrooms compared to other areas. The fluctuations, though minor, provide some insights into shifting local educational dynamics that could interest investors, property developers, and families considering a move to the area. For real estate agents and appraisers, understanding this context can add value when discussing the quality of local schools with clients. From an insurance perspective, the stability in ratio numbers might imply a steady population, which could affect the demand for services and products.
