Franklin County Real Estate and Livability Trends
Franklin County, Nebraska's real estate market has been marked by a notable upward trend in median home values, climbing from $59,900 in 2015 to $95,400 in 2022, which suggests promising value appreciation, especially within a more affordable market relative to the state median. Average real estate taxes have decreased, from $2,300 in 2012 to around $1,953.85 in 2017, potentially increasing its... Read more
Franklin County Market Trends
Franklin County, Nebraska has witnessed a notable rise in median home values from $59,900 in 2015 to $95,400 in 2022, offering an encouraging outlook for potential value appreciation in a more affordable market compared to the state median. Average real estate taxes saw a decline from $2,300 in 2012 to around $1,953.85 in 2017, enhancing its appeal for cost-conscious investors. The percentage of... Read more
Median Value of Occupied Housing Units in Franklin County, Nebraska Over the Last 8 Years
Real estate investors and residents in Franklin County, Nebraska might find the median home value trends over the past eight years quite compelling. From 2015 to 2022, home values in Franklin County increased from $59,900 to $95,400. While these figures are still below the state median, which surged from $133,200 to $205,600 in the same period, Franklin County has shown a solid growth trajectory. This localized climb, despite being lower than the national median rise from $125,500 to $179,400, suggests potential for value appreciation in a more affordable market, making it an attractive consideration for those looking to invest or move to this area.
Average Real Estate Taxes Per Tax Return in Franklin County, NE Over the Last 6 Years
Over the past six years, Franklin County, Nebraska has seen a noticeable decline in average real estate taxes per tax return from $2,300.00 in 2012 to a low of approximately $1,761.54 in 2015, before slightly increasing to $1,953.85 in 2017. This trend could make the county an appealing option for potential homeowners and investors looking for potentially lower tax burdens. For appraisers and real estate agents, understanding these fluctuations could offer insight into market conditions and help inform property valuations.
Percentage of Farm Returns in Franklin County, NE Over the Last 10 Years
Franklin County, Nebraska has seen fluctuating percentages of farm tax returns over the last decade. Starting at about 22.22% in 2012, the rates have hovered around the 22-23% mark with minor variations, peaking slightly in 2014 at 23.45% and hitting a low in 2020 at 21.27%. These trends could be indicative of shifts in farm profitability, changes in agricultural practices, or broader economic factors impacting the farming community. Understanding this data is crucial for those considering agricultural investments, property development, or relocation to the area, as it reflects the economic pulse and stability of the local farming sector.
Number of Mortgages by Occupancy Type in Franklin County, NE Over the Last 5 Years in Franklin County
Observing Franklin County, Nebraska's mortgage trends: principal residence mortgages show a gradual rise from 2018 to 2021, possibly indicating increased local stability or growth. Investment property mortgages remain relatively static with a slight decline, suggesting perhaps a shift in investment opportunities or market sentiment. Second residence mortgages stay nearly nonexistent, which could point to limited appeal for vacation or secondary homes. These shifts are critical for potential investors, appraisers, and real estate agents to anticipate demand accurately, align financing strategies, and consider market viability for further development.
Economic Outlook
Franklin County, Nebraska has experienced notable volatility in average taxable income, state and local income taxes, and total tax liability per tax return over the past decade. Average taxable income saw a low of $44,300.00 in 2017 but bounced back to $62,178.99 by 2021. Meanwhile, state and local income taxes peaked at $8,994.12 in 2014, then dipped dramatically to $3,933.33 in 2018. Total tax liability also showed fluctuations, reaching its low at $6,498.08 in 2017 before climbing back to... Read more
Average Taxable Income per Tax Return in Franklin County, NE over the last 9 years
Over the past nine years, Franklin County, Nebraska has seen significant fluctuations in average taxable income. After a steady decline from 2013's peak of $54,327.08 to a low of $44,300.00 in 2017, there has been a notable recovery reaching $62,178.99 in 2021. This volatility could potentially impact investment strategies, property valuations, and economic forecasts, underscoring the importance of a nuanced approach for potential investors, real estate agents, and local businesses.
Average State and Local Income Taxes Per Tax Return in Franklin County, NE Over the Last 8 Years
Franklin County, Nebraska, has seen fluctuating average state and local income taxes per tax return over the past eight years, with a peak of $8,994.12 in 2014 and a significant dip to $3,933.33 in 2018. These variations suggest a volatile tax landscape, potentially impacting the disposable income for residents. Investors and real estate agents might find these trends relevant as they can influence property values and the overall economic climate of the area. Understanding these tax trends could also be crucial for insurance agents and appraisers when assessing risk and determining accurate property evaluations.
Average Total Tax Liability Per Tax Return in Franklin County, NE Over the Last 10 Years
In the last decade, the average total tax liability per tax return in Franklin County, Nebraska has displayed notable fluctuations. Starting at $9,325.44 in 2012, it experienced a notable dip to $7,939.45 in 2014 and bottomed out at $6,498.08 in 2017. However, the trend rebounded, peaking again at $9,257.94 in 2021. These variations might reflect shifts in local economic conditions, tax policies, or demographic changes, offering key insights for potential investors, real estate agents, appraisers, and insurance agents about the fiscal landscape in Franklin County.
Cost of Living in Franklin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,049 | $1,343 | $2,140 | $1,271 | $1,312 |
| 1 adult 4 children | $1,049 | $1,097 | $1,638 | $1,271 | $1,460 |
| 2 adults 3 children | $1,049 | $1,097 | $1,856 | $1,271 | $1,061 |
| 1 adult 3 children | $1,049 | $896 | $1,354 | $1,271 | $1,181 |
| 2 adults 2 children | $826 | $898 | $1,571 | $1,105 | $885 |
| 1 adult 2 children | $826 | $671 | $1,070 | $1,105 | $879 |
| 2 adults 1 child | $826 | $710 | $1,287 | $564 | $798 |
| 1 adult 1 child | $826 | $459 | $786 | $564 | $660 |
| 2 adults | $628 | $570 | $1,003 | $0 | $637 |
| 1 adult | $562 | $311 | $502 | $0 | $548 |
Safety trends & Data
In Franklin County, Nebraska, property crime trends have shown some interesting shifts. Burglary cases doubled from 2 in 2018 to 4 in 2020, while larceny-theft incidents fell from 3 to 1 over the same period. With no new reports of motor vehicle theft in 2020 and consistently low vandalism figures, these changing security dynamics could be crucial for potential property buyers and insurance... Read more
Property Crime Trends in Franklin County, NE Over the Last 2 Years
Franklin County, Nebraska, has seen shifts in property crime in recent years. Notably, cases of burglary doubled from 2 in 2018 to 4 in 2020. However, larceny-theft incidents saw a decline, dropping from 3 in 2018 to 1 in 2020. The numbers for motor vehicle theft and vandalism remained relatively low, with motor vehicle theft not reported in 2020. Those interested in the property market or assessing risk for insurance purposes might find these fluctuations indicative of changing security dynamics in the area.
Demographics
In Franklin County, Nebraska, the adult population shows a fairly even gender distribution with slightly more females than males. Educational attainment reveals a significant portion of residents holding high school diplomas or some college education, while fewer individuals have attained advanced degrees. Age-wise, the community is somewhat balanced, though there seems to be a notable number of residents aged 55 and older, likely contributing to local demands for healthcare and senior... Read more
Race Distribution in Franklin County, Nebraska (2022)
Educational Attainment in Franklin County, Nebraska (2022)
Age Distribution in Franklin County, Nebraska
Citizen Population in Franklin County, Nebraska (2022)
Political Trends & Data
Franklin County, Nebraska, has shown a strong preference for Republican candidates, with over 83% of the 2020 U.S. Presidential Election vote going their way. Democrats only managed around 16%, while third-party candidates didn't make much of a dent. This trend may suggest a deeply rooted Republican presence, which could impact local policies and market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Franklin County, Nebraska, the 2020 U.S. Presidential Election reportedly saw a strong preference for Republican candidates, with over 83% of the votes. Democrats might have struggled to gain traction, capturing just around 16% of the vote. Third-party candidates, like the Libertarians, barely made an impact, managing only a small fraction of the vote. This trend could suggest a deeply entrenched Republican presence in the area.
83.35% of voters voted for the Republican party in the 2020 Presidential Election
16.01% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Franklin County, Nebraska, boasts a student-to-teacher ratio well below the national average of fourteen, with a low of eight students per teacher in 2016 and a high of eleven in 2019. These smaller class sizes suggest more individualized attention for students, potentially appealing to families prioritizing quality education. For real estate agents and investors, emphasizing this community's commitment to education could serve as a compelling selling point, while appraisers and insurance... Read more
Student-to-teacher ratio in Franklin County, Nebraska over the last 10 years
Over the last decade, Franklin County, Nebraska, has maintained a student-to-teacher ratio well below the national average of fourteen. The ratio fluctuated, hitting a low of eight students per teacher in 2016 and a high of eleven in 2019. These lower ratios could indicate smaller class sizes, potentially offering more individualized attention and support for students, which might attract families seeking quality education. For real estate agents and investors, the county's smaller student-to-teacher ratios might be a selling point, emphasizing a community that values education and offering a more personalized learning environment. Appraisers and insurance agents may also note this trend as a positive factor influencing property values and liability considerations in the area.
