Dundy County Real Estate and Livability Trends
Dundy County, Nebraska's real estate market has seen various shifts, with median home values peaking at $110,400 in 2021 before adjusting slightly to $109,900 in 2022. This offers a cost-effective alternative compared to the statewide median of $205,600, making it attractive for budget-conscious buyers. The county's notable drop in the student-to-teacher ratio to about ten students per teacher... Read more
Dundy County Market Trends
Dundy County, Nebraska has experienced modest growth in median home values, peaking in 2021 at $110,400 and adjusting slightly to $109,900 in 2022, offering a cost-effective alternative compared to the statewide median of $205,600. Real estate taxes have also shown notable fluctuations, with average annual taxes per return moving from $2,120.00 in 2014 to $1,850.00 in 2017. Meanwhile, farm tax... Read more
Median Value of Occupied Housing Units in Dundy County, Nebraska Over the Last 8 Years
Dundy County, Nebraska has seen some interesting fluctuations in median home values over the past eight years. From 2015 to 2020, home values displayed modest growth but took a significant leap in 2021 jumping to $110,400 before slightly adjusting to $109,900 in 2022. In comparison, Nebraska's statewide median has consistently increased, reaching $205,600 in 2022, while nationally, home values have risen steadily to $179,400. For investors and prospective homeowners, Dundy County may offer a cost-effective option relative to state and national averages, potentially signaling emerging opportunities at a lower entry point.
Average Real Estate Taxes Per Tax Return in Dundy County, NE Over the Last 6 Years
Real estate taxes in Dundy County, Nebraska, fluctuated significantly over the past six years. Notably, average taxes per return peaked in 2014 at $2120.00, dipped in 2016 to a low of $1371.43, and ended 2017 at $1850.00. These variations suggest potential shifts in property values, local tax policies, or economic conditions in the region, which are crucial for investors, builders, and real estate agents evaluating the area. Insurance agents and appraisers might also find these trends relevant for assessing risk and property value changes over time.
Percentage of Farm Returns in Dundy County, NE Over the Last 10 Years
Dundy County, Nebraska sees fluctuating farm tax returns over the past decade, with the percentage of filings ranging from 23.08% in 2012 to a peak of 25.58% in 2013 and 2015, before gradually decreasing to 22.84% in 2021. Farm tax returns generally indicate the proportion of the county’s tax filings dedicated to agricultural activities, reflecting the area's reliance on farming and its economic impact. Investors and potential property builders in Dundy County might find this trend informative as it suggests a steady, albeit slightly declining, agricultural presence, providing insights into the economic landscape and opportunities within the region.
Number of Mortgages by Occupancy Type in Dundy County, NE Over the Last 5 Years in Dundy County
In Dundy County, Nebraska, the number of mortgages for principal residences has consistently outpaced those for investment or second residences over the past five years, with counts for principal residences typically landing in the upper 20s to high 30s annually. Investment and second residences each witnessed minimal activity, often registering no more than two mortgages per year. This trend could potentially signal a stable demand for primary living spaces, offering a promising outlook for residential real estate investors and developers targeting long-term occupancy. Lower activity in investment and second residences might suggest limited appeal for seasonal or rental properties, which can influence insurance premiums, appraisal values, and the kinds of developments that could feasibly thrive in the area.
Economic Outlook
Dundy County, Nebraska has experienced significant fluctuations in average taxable income per tax return over the past nine years, with a dip from $56,972.41 in 2014 to $39,821.95 in 2017, followed by a recovery to $52,213.75 in 2021. This variability hints at a resilient but volatile local economy, which investors, real estate agents, and property builders need to consider. Average state and local income taxes also fluctuated, peaking at $10,620.00 in 2014 and dropping to $5,200.00 by 2018,... Read more
Average Taxable Income per Tax Return in Dundy County, NE over the last 9 years
Dundy County, Nebraska has shown some volatility in average taxable income per tax return over the past nine years, with notable decreases from 2014 ($56,972.41) to 2017 ($39,821.95) followed by a gradual recovery to $52,213.75 in 2021. This pattern suggests a resilient but fluctuating local economy, which could be significant for investors, real estate agents, and anyone looking to build or sell property in the area. Understanding these trends can help with property appraisals, insurance assessments, and making informed decisions about financial investments in Dundy County.
Average State and Local Income Taxes Per Tax Return in Dundy County, NE Over the Last 7 Years
Over the last seven years, residents of Dundy County, Nebraska, have seen significant fluctuations in their average state and local income taxes per tax return. The numbers peaked at $10,620.00 in 2014 but have since dropped dramatically to $5,200.00 by 2018. This could point to changes in local government policies, economic conditions, or shifts in the demographic makeup. Those looking to invest or move here might find a favorable tax environment, though this trend also warrants a closer look at potential underlying economic or policy shifts.
Average Total Tax Liability Per Tax Return in Dundy County, NE Over the Last 10 Years
Over the last decade, Dundy County, Nebraska has seen fluctuations in average total tax liability per tax return, with values peaking at $10,709.52 in 2013 and hitting a low of $6,908.06 in 2017. Since 2018, there's a potential upward trend nearing pre-2015 levels, suggesting a possible recovery or increase in incomes. These variations could signal shifts in economic conditions which are crucial for investors, real estate agents, and those planning to move or build in Dundy County. This data might indicate economic health or volatility impacting property values and potential returns on investment.
Cost of Living in Dundy County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,014 | $1,379 | $2,648 | $1,271 | $1,442 |
| 1 adult 4 children | $1,014 | $1,126 | $2,031 | $1,271 | $1,549 |
| 2 adults 3 children | $1,014 | $1,127 | $2,295 | $1,271 | $1,157 |
| 1 adult 3 children | $1,014 | $920 | $1,677 | $1,271 | $1,237 |
| 2 adults 2 children | $826 | $922 | $1,941 | $1,105 | $949 |
| 1 adult 2 children | $826 | $689 | $1,324 | $1,105 | $921 |
| 2 adults 1 child | $826 | $729 | $1,588 | $564 | $842 |
| 1 adult 1 child | $826 | $471 | $971 | $564 | $674 |
| 2 adults | $628 | $586 | $1,234 | $0 | $665 |
| 1 adult | $562 | $319 | $617 | $0 | $550 |
Demographics
Dundy County, Nebraska, has a fairly balanced gender ratio in its adult population, with slightly more females than males. Education-wise, most adults have some college education or a high school diploma, but there remains a small portion who haven't finished high school. The age distribution skews older, particularly among those aged 55-64, reflecting perhaps a stable but aging populace. Racially, the county is overwhelmingly White, with negligible representation from other racial groups,... Read more
Race Distribution in Dundy County, Nebraska (2022)
Educational Attainment in Dundy County, Nebraska (2022)
Age Distribution in Dundy County, Nebraska
Citizen Population in Dundy County, Nebraska (2022)
Political Trends & Data
In Dundy County, Nebraska, the 2020 U.S. Presidential Election results leaned heavily Republican with 88.40% of the vote, while Democrats secured around 10.50% and Libertarians just over 1%. This political landscape hints at a strong Republican presence, which could influence local real estate trends depending on the preferences and priorities of the resident voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dundy County, Nebraska, the 2020 U.S. Presidential Election results leaned heavily Republican with approximately 88.4% of the vote. The Democrats garnered around 10.5%, while the Libertarians managed just over 1%. This distribution suggests a robust Republican presence, with minimal representation for other parties.
88.39% of voters voted for the Republican party in the 2020 Presidential Election
10.51% of voters voted for the Democrat party in the 2020 Presidential Election
1.10% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Dundy County, Nebraska has seen a notable drop in its student-to-teacher ratio, moving from over twelve students per teacher in 2014 to about ten recently. This ratio stays below the national average of fourteen, hinting at a more intimate and potentially high-quality educational setting. For investors, real estate agents, and families considering relocation, this factor could enhance the community's appeal, suggesting a stable and potentially attractive... Read more
Student-to-teacher ratio in Dundy County, Nebraska over the last 10 years
Dundy County, Nebraska has experienced a noticeable decline in the student-to-teacher ratio over the past decade, with the number dropping from just over twelve students per teacher in 2014 to about ten in recent years. This ratio remains consistently below the U.S. national average of fourteen, which could signal a more favorable, individualized educational environment. For potential investors, real estate agents, or families considering relocation, a lower student-to-teacher ratio can suggest a more intimate and potentially higher-quality educational setting, perhaps enhancing the community's appeal. Evaluators such as appraisers and insurance agents might see this factor as indicative of a stable and potentially attractive area.
