Furnas County Real Estate and Livability Trends
Furnas County, Nebraska has seen the average taxable income per tax return rise to $59,094.62 in 2021, despite previous dips like the one to $41,809.25 in 2017, signaling potential for economic stability. The median value of occupied housing units has also climbed from $62,300 in 2015 to $85,600 in 2022, presenting affordable entry points for investors compared to state and national medians. Real... Read more
Furnas County Market Trends
Furnas County, Nebraska has experienced an increase in the median value of occupied housing units, growing from $62,300 in 2015 to $85,600 in 2022. Despite being below both the state ($205,600) and national ($179,400) medians, this trend suggests investment opportunities due to lower entry costs, appealing primarily to first-time buyers or investors. Residential energy tax credits have been... Read more
Median Value of Occupied Housing Units in Furnas County, Nebraska Over the Last 8 Years
Over the past 8 years, Furnas County, Nebraska, has seen steady growth in the median value of occupied housing units, jumping from $62,300 in 2015 to $85,600 in 2022. While significantly lower than both Nebraska's state median of $205,600 and the national median of $179,400 in 2022, Furnas County's housing market could present attractive investment opportunities due to its more approachable price points. This lower entry cost might appeal to first-time homebuyers or investors looking to capitalize on potential property appreciation and lower initial expenditures. The county's housing market may offer a unique proposition, especially for those deterred by higher state and national averages.
Residential Energy Tax Credit Per Tax Return in Furnas County, NE Over the Last 4 Years
Furnas County, Nebraska has seen fluctuating residential energy tax credits per tax return over the past four years. In 2013, taxpayers received an average credit of $300.00, which then dipped to $275.00 in 2014 and further dropped to $166.67 in 2015, before rising back up to $275.00 in 2016. These shifts indicate variability in energy-efficient investments or possibly policy changes impacting credits, important for stakeholders evaluating the financial benefits of residential energy improvements.
Average Real Estate Taxes Per Tax Return in Furnas County, NE Over the Last 10 Years
Real estate taxes per tax return in Furnas County, Nebraska have shown a notable upward trend over the last decade, starting at $2,008.70 in 2012 and peaking at $3,000.00 in 2021. There was a significant spike in 2017, with an increase to $2,668.18, which seems to have set the stage for higher averages in subsequent years. This gradual but steady rise might indicate increasing property valuations or adjustments in local tax rates, which could influence decisions for potential investors, property developers, real estate agents, and residents considering the area's long-term financial landscape.
Percentage of Farm Returns in Furnas County, NE Over the Last 10 Years
Over the last decade, Furnas County, Nebraska has seen some fluctuating but generally stable numbers in the percentage of farm tax returns, starting from around 13.85% in 2012 and peaking at approximately 15.90% in 2017. While there were slight dips, the numbers hovered mostly in the 14%-16% range. This could potentially indicate a consistent interest and activity in farming, important for those looking to invest in agriculture or purchase rural property. Understanding these trends can be crucial for prospective residents, investors, or local policymakers aiming to gauge the economic vitality of the region's agricultural sector.
Number of Mortgages by Occupancy Type in Furnas County, NE Over the Last 5 Years in Furnas County
Over the past five years in Furnas County, Nebraska, mortgage activity for principal residences has noticeably surged, while investment properties and second residences have seen fluctuating but generally lower counts. This could suggest a shift in the local housing market dynamics, potentially pointing to an influx of primary residents which might interest potential investors, real estate agents, or builders. The evident emphasis on primary residences possibly reflects changing lifestyle priorities or economic factors influencing homeownership trends. Understanding these shifts is critical for appraisers and insurance agents to accurately gauge property values and risk profiles.
Economic Outlook
Furnas County, Nebraska has shown economic resilience in recent years, with the average taxable income per tax return peaking in 2021 at $59,094.62. Despite some downturns, like the dip to $41,809.25 in 2017, the overall upward trend can be appealing for investors and new residents. State and local income taxes have also fluctuated, hitting $8,585.19 in 2014 and then dropping to $5,066.67 in 2019, reflecting possible economic or policy shifts. The total tax liability per return has experienced... Read more
Average Taxable Income per Tax Return in Furnas County, NE over the last 9 years
Over the past nine years, Furnas County, Nebraska has seen fluctuations in the average taxable income per tax return, hitting a noticeable peak in 2021 at $59,094.62. Despite some dips, such as in 2017 when it dropped to $41,809.25, the overall trend appears to be upward, suggesting potential economic resilience. This could interest investors looking for a potentially stable market, or those considering relocation to an area where incomes have shown recovery and growth. For appraisers, insurance agents, and real estate professionals, understanding these trends may be critical for accurate valuations and risk assessments.
Average State and Local Income Taxes Per Tax Return in Furnas County, NE Over the Last 10 Years
Over the last decade, Furnas County, Nebraska has experienced some noticeable fluctuations in average state and local income taxes per tax return, peaking at $8,585.19 in 2014 and dipping to a low of $5,066.67 by 2019. The swing in tax values could be indicative of varying financial landscapes, possibly tied to local economic conditions, demographic changes, or policy adjustments. For those looking to invest, build, or move to this area, understanding these fiscal trends can offer insight into potential financial planning and economic stability in the region.
Average Total Tax Liability Per Tax Return in Furnas County, NE Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Furnas County, Nebraska, has seen notable fluctuations. There was a peak in 2013 at $9,190.91, and a significant drop by 2014 to $6,939.05, followed by a gradual downward trend until 2019, bottoming out at $5,739.62. Recent years show a rebound, with a tax liability of $7,899.42 in 2021. This volatility could imply a dynamic local economy, which might be of interest to potential investors, property builders, and real estate agents seeking to understand tax trends when assessing property values and insurance needs in the area.
Cost of Living in Furnas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,323 | $2,140 | $1,271 | $1,250 |
| 1 adult 4 children | $1,005 | $1,080 | $1,638 | $1,271 | $1,390 |
| 2 adults 3 children | $1,005 | $1,081 | $1,856 | $1,271 | $1,004 |
| 1 adult 3 children | $1,005 | $882 | $1,354 | $1,271 | $1,115 |
| 2 adults 2 children | $826 | $885 | $1,571 | $1,105 | $860 |
| 1 adult 2 children | $826 | $661 | $1,070 | $1,105 | $847 |
| 2 adults 1 child | $826 | $699 | $1,287 | $564 | $778 |
| 1 adult 1 child | $826 | $452 | $786 | $564 | $641 |
| 2 adults | $664 | $562 | $1,003 | $0 | $632 |
| 1 adult | $562 | $306 | $502 | $0 | $533 |
Safety trends & Data
Property crimes in Furnas County, Nebraska, have shown variability over the last five years. Burglary arrests spiked in 2019 with 4 cases but remained relatively low in other years. Larceny-theft arrests were consistently present each year, peaking at 4 in both 2018 and 2021. Vandalism cases were prominent in 2018, with 4 incidents, but generally hovered around 2-3 cases per year afterward. Newer crime categories like fraud and stolen property incidents have emerged recently, suggesting... Read more
Property Crime Trends in Furnas County, NE Over the Last 5 Years
Property crimes in Furnas County, Nebraska show variability across different categories over the last five years. Burglary arrests saw a spike in 2019 with 4 cases but were relatively low in other years. Larceny-theft arrests were consistently present each year, peaking at 4 in both 2018 and 2021, indicating a persistent challenge. Vandalism, though prominent in 2018 with 4 cases, generally hovered around 2-3 cases per year afterward. Newer crime categories like fraud and stolen property incidents emerged more recently, suggesting evolving crime dynamics. Understanding these trends is crucial for potential investors, real estate professionals, and residents to gauge community safety and property risks accurately.
Demographics
Furnas County, Nebraska exhibits a nearly balanced gender ratio among adults, perhaps reflecting similar trends seen in many rural areas. The population tends to skew older, with notable peaks in the 55 to 64 and 65 to 74 age brackets. Educational attainment shows a significant number of high school graduates and those with some college experience but no degree, hinting at potential economic or access barriers to higher education. The racial composition is heavily dominated by White residents,... Read more
Race Distribution in Furnas County, Nebraska (2022)
Educational Attainment in Furnas County, Nebraska (2022)
Age Distribution in Furnas County, Nebraska
Citizen Population in Furnas County, Nebraska (2022)
Political Trends & Data
Furnas County, Nebraska, displayed a significant Republican preference in the 2020 U.S. Presidential Election, with over 83% of votes favoring the party. Democrats received just over 15%, and Libertarians captured nearly 1.5%. This indicates a predominantly conservative leaning, potentially affecting local policy and political engagement... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Furnas County, Nebraska, may have shown a strong Republican preference in the 2020 U.S. Presidential Election, with over 83% of votes cast for the party. Democrats garnered just over 15%, while Libertarians made a minor appearance at nearly 1.5%. This distribution suggests a predominantly conservative leaning in this county, which might influence local policy and political engagement trends.
83.16% of voters voted for the Republican party in the 2020 Presidential Election
15.34% of voters voted for the Democrat party in the 2020 Presidential Election
1.50% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Furnas County, Nebraska, has generally been lower than the national average of 14 students per teacher, sitting at 12 students per teacher in 2023. This trend could appeal to families seeking more personalized education, potentially driving up property values and boosting interest in the area. Real estate agents might find this a significant selling point, indicating a possible uptrend in demand for housing developments and educational... Read more
Student-to-teacher ratio in Furnas County, Nebraska over the last 10 years
The student-to-teacher ratio in Furnas County, Nebraska has fluctuated slightly over the past decade, generally maintaining lower ratios compared to the national average of 14 students per teacher. In 2023, the ratio stood at 12 students per teacher, a figure which could be appealing for families prioritizing more personalized education. This trend may influence decisions for those looking to invest in educational facilities, enhance property values, or determine the potential for new housing developments. Appraisers and real estate agents might note that lower student-to-teacher ratios can be a key selling point, potentially boosting interest in the region.
