Gage County Real Estate and Livability Trends
In Gage County, Nebraska, average taxable income per tax return rose from $50,136.87 in 2013 to $64,892.56 in 2021, signaling stronger economic viability. The median value of occupied housing units increased from $108,300 to $155,600 over eight years, while still remaining below Nebraska's average of $205,600 in 2022. Rising real estate taxes and a declining number of farm tax returns suggest... Read more
Gage County Market Trends
Over the past eight years, Gage County, Nebraska has seen the median value of occupied housing units rise from $108,300 to $155,600, offering a more affordable market compared to Nebraska’s average of $205,600 in 2022. Residential energy tax credits per tax return fluctuated significantly, varying between $500.00 and $1,480.00, possibly reflecting changes in energy-efficient investments or... Read more
Median Value of Occupied Housing Units in Gage County, Nebraska Over the Last 8 Years
Over the past eight years, Gage County, Nebraska has experienced a steady increase in the median value of occupied housing units, jumping from $108,300 in 2015 to $155,600 in 2022. Interestingly, this growth trend mirrors broader state and national trends, but the values in Gage County generally lag behind Nebraska's average, which reached $205,600 in 2022. Despite this lower baseline, Gage County's significant growth might be attracting savvy investors and potential homeowners looking for rising markets with more affordable entry points.
Residential Energy Tax Credit Per Tax Return in Gage County, NE Over the Last 8 Years
Over the last eight years in Gage County, Nebraska, the average residential energy tax credit per tax return has shown significant fluctuations, ranging from a low of $500.00 to a high of approximately $1,480.00. The trend suggests that tax credit values have been notably inconsistent, with notable increases observed in recent years, especially between 2019 and 2021. This variability could indicate shifts in energy-efficient property investments or changes in state or federal incentives, making it critical for potential investors and property owners to stay informed about potential tax benefits when considering energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Gage County, NE Over the Last 10 Years
Gage County, Nebraska has seen a steady increase in average real estate taxes per tax return over the past decade, with figures rising from approximately $2,796.21 in 2012 to around $4,478.57 in 2021. This upward trend could signal a burgeoning real estate market, likely driven by increased property values and local tax policies. For investors, potential homeowners, and real estate professionals, this highlights the importance of understanding the area's evolving taxation landscape. Assessors and insurance agents might find this data pertinent when estimating property values and risk assessments.
Percentage of Farm Returns in Gage County, NE Over the Last 10 Years
Gage County, Nebraska has observed a subtle but ongoing decline in the percentage of farm tax returns over the past decade. Starting at 10.98% in 2012, the trend shows slight fluctuations but ultimately dips to 9.51% by 2021. Farm tax returns, which are typically filed by those engaged in agricultural activities, often indicate the economic health and viability of farming in the area. These figures may suggest changes in the local agricultural economy, possibly driven by factors like market demand, land use changes, or broader economic conditions. These trends might be essential for potential investors, residents, or those interested in agricultural developments, as they reflect the evolving landscape and economic opportunities within the county.
Number of Mortgages by Occupancy Type in Gage County, NE Over the Last 5 Years in Gage County
In Gage County, Nebraska, over the past five years, the number of mortgages for principal residences has shown notable fluctuation, peaking in 2020 and 2021 with over 1100 before dropping to 786 in 2022. Investment property mortgages remained relatively stable, hovering around the 60-70 mark annually. Second residences saw minimal activity, never surpassing 17 in any given year. Shifts in these occupancy types provide insights into market dynamics. For investors, consistent investment property interest suggests stable rental demand, while fluctuating primary residence numbers highlight broader economic or demographic shifts. Second home trends, albeit minimal, can reflect leisure or seasonal buying patterns essential for realtors and appraisers. These changes are vital for tailoring real estate strategies and risk assessments.
Economic Outlook
In Gage County, Nebraska, the average taxable income per tax return has risen steadily from $50,136.87 in 2013 to $64,892.56 in 2021, hinting at growing economic viability. This trend is of particular interest to investors, builders, and real estate agents eyeing potential growth in property values and insured amounts. Additionally, the average state and local income taxes have climbed from $5,144.16 in 2012 to $7,157.14 in 2021, suggesting a potential for higher future tax burdens. For those... Read more
Average Taxable Income per Tax Return in Gage County, NE over the last 9 years
Over the past nine years, Gage County, Nebraska, has experienced a steady increase in average taxable income per tax return, rising from $50,136.87 in 2013 to $64,892.56 in 2021. This trend suggests a growing economic viability, making the area potentially attractive for investors, builders, and real estate agents. The consistent growth might also be of interest to appraisers and insurance agents, reflecting a positive outlook in property values and insured amounts. For current residents, this upward trend could indicate improved local economic conditions and an increase in the standard of living.
Average State and Local Income Taxes Per Tax Return in Gage County, NE Over the Last 10 Years
Investors and future residents should note that Gage County, Nebraska, has experienced a steady increase in average state and local income taxes per tax return over the past decade, starting from $5,144.16 in 2012 and rising to $7,157.14 by 2021, peaking at $7,383.78 in 2019. This gradual upward trend suggests potential for higher tax burdens in the future, important for budgeting and financial planning. Prospective home builders and real estate agents should consider this when estimating future living costs and property appraisals.
Average Total Tax Liability Per Tax Return in Gage County, NE Over the Last 10 Years
Over the past decade, Gage County, Nebraska has experienced a noticeable increase in average total tax liability per tax return, starting from $6,696.55 in 2012 to $8,530.35 in 2021. This upward trend may suggest growing incomes or changing tax laws impacting residents. For investors, real estate agents, or those considering a move, these figures hint at a potentially flourishing local economy. However, rising tax liabilities might also influence decisions for appraisers and insurance agents assessing property values and associated risks.
Cost of Living in Gage County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,351 | $2,027 | $1,271 | $1,131 |
| 1 adult 4 children | $1,005 | $1,103 | $1,551 | $1,271 | $1,254 |
| 2 adults 3 children | $1,005 | $1,104 | $1,758 | $1,271 | $898 |
| 1 adult 3 children | $1,005 | $901 | $1,282 | $1,271 | $994 |
| 2 adults 2 children | $826 | $904 | $1,490 | $1,105 | $786 |
| 1 adult 2 children | $826 | $675 | $1,014 | $1,105 | $752 |
| 2 adults 1 child | $826 | $714 | $1,221 | $564 | $715 |
| 1 adult 1 child | $826 | $461 | $745 | $564 | $585 |
| 2 adults | $628 | $574 | $952 | $0 | $573 |
| 1 adult | $562 | $313 | $476 | $0 | $497 |
Safety trends & Data
In Gage County, Nebraska, larceny-theft cases have notably decreased from 61 in 2018 to 17 in 2022, suggesting a possible positive trend for prospective property owners. Vandalism has shown minor fluctuations, peaking at 31 incidents in 2019 but stabilizing around the mid-20s range. Burglary numbers have remained relatively stable, with only slight variations, while motor vehicle theft saw a significant drop to one incident by 2021. While fraud remains low, overall declining crime rates could... Read more
Property Crime Trends in Gage County, NE Over the Last 5 Years
Over the past five years in Gage County, Nebraska, there's been a notable decrease in larceny-theft cases, dropping from 61 in 2018 to 17 in 2022, offering a positive uptick for prospective property owners. Vandalism trends have shown minor fluctuations, peaking at 31 in 2019 but stabilizing around the mid-20s. Burglary numbers remain relatively stable, with a slight dip in 2020 and 2021, before matching 2018 numbers in 2022. Arson and motor vehicle theft appear sporadically, with motor vehicle theft notably decreasing to just one incident by 2021. Although fraud and related crimes are relatively low, maintaining vigilance is advisable. These crime trends could influence property values and insurance rates, making Gage County a potentially more secure investment for new homeowners.
Demographics
Gage County, Nebraska's demographic landscape is subtly balanced, with nearly equal numbers of males and females. In terms of education, high school graduates and those with some college but no degree form a significant portion of the adult population, suggesting possibly limited access to higher education or economic factors at play. The age distribution hints at a middle-aged majority, particularly those aged 45 to 64, which could have implications for workforce stability and local services... Read more
Race Distribution in Gage County, Nebraska (2022)
Educational Attainment in Gage County, Nebraska (2022)
Age Distribution in Gage County, Nebraska
Citizen Population in Gage County, Nebraska (2022)
Political Trends & Data
Gage County, Nebraska shows a strong Republican preference, with nearly 67% of voters choosing the GOP in the 2020 Presidential Election. Democrats captured around 31%, indicating a notable but not close second place. Libertarian votes, although only 2%, hint at a small but possibly increasing interest in alternative parties. Absence of votes for the Green Party might suggest either a minimal presence or appeal in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Gage County, Nebraska, appears to lean heavily Republican with nearly 67% of the vote in the 2020 Presidential Election. Democrats garnered around 31%, indicating a significant but not competitive presence. Libertarians, while a minor player, still managed to capture about 2% of the vote, suggesting a small yet potentially growing interest in third-party options. It's notable that no votes were recorded for the Green Party, which could imply limited appeal or organization in this area.
67.27% of voters voted for the Republican party in the 2020 Presidential Election
30.58% of voters voted for the Democrat party in the 2020 Presidential Election
2.15% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Gage County, Nebraska hovered around the national average of 14 students per teacher over the past decade, with a peak at 14.96 in 2023. This subtle yet significant shift can influence property values and community appeal, a critical point for potential investors. For families considering relocation, this data might impact decisions, as lower ratios often suggest more individualized attention in classrooms, enhancing the local housing market's... Read more
Student-to-teacher ratio in Gage County, Nebraska over the last 10 years
The student-to-teacher ratio in Gage County, Nebraska has seen some fluctuations over the past decade, generally remaining just above or below the national average of 14 students per teacher. In 2023, the ratio reached 14.96, the highest in the reviewed period. This might be noteworthy for potential investors and real estate agents, as it could influence property values and community appeal. Similarly, the varying ratios could impact decisions for families considering moving to the area, as well as appraisors and insurance agents assessing local education infrastructure. Stable or lower ratios often indicate more individualized attention in classrooms, which can be a selling point for the local housing market.
