Garfield County Real Estate and Livability Trends
In Garfield County, Nebraska, median home values have risen from $89,100 in 2015 to $123,500 in 2022, yet remain below state and national averages—a potentially attractive factor for investors. Real estate tax peaks at $2,962.50 in 2015 and $3,800.00 in 2021 hint at possible reassessments or tax policy changes. Agricultural stability is reflected in farm tax returns hovering around 21-23% after... Read more
Garfield County Market Trends
Garfield County, Nebraska has seen a steady increase in median home values from $89,100 in 2015 to $123,500 in 2022, remaining below state and national averages. Real estate taxes have fluctuated, with peaks around $2,962.50 in 2015 and $3,800.00 in 2021, hinting at possible reassessments or local tax policy changes. Farm tax returns, after peaking at 24.39% in 2012, stabilized around 21-23%,... Read more
Median Value of Occupied Housing Units in Garfield County, Nebraska Over the Last 8 Years
Garfield County, Nebraska has experienced a steady increase in median home values over the last eight years, climbing from $89,100 in 2015 to $123,500 in 2022. This growth, while notable, still places the county's median home values below both the state and national averages. Nebraska's median home values have risen from $133,200 in 2015 to $205,600 in 2022, and the national median has surged from $125,500 to $179,400 in the same period. This suggests that Garfield County could present more affordable options within the state and nationally, potentially attractive for investors and homebuyers seeking lower entry points in a rising market.
Average Real Estate Taxes Per Tax Return in Garfield County, NE Over the Last 8 Years
Garfield County, Nebraska has seen fluctuating real estate taxes per tax return over the last eight years, with notable peaks in 2015 and 2021, where the average taxes reached approximately $2,962.50 and $3,800.00 respectively. These variations might suggest periodic reassessments or changes in local government tax policies. For potential investors, understanding these tax trends is crucial for financial planning, while for appraisers and insurance agents, it is an essential factor in risk management and property valuation. For residents and those considering moving to the area, staying informed about the tax landscape can aid in better managing household budgets.
Percentage of Farm Returns in Garfield County, NE Over the Last 10 Years
Garfield County, Nebraska has seen some fluctuations in farm tax returns over the last decade. While peaking at around 24.39% in 2012, the percentage dipped to a low of approximately 20.24% in 2014, later stabilizing with minor variations around the 21-23% range. Farm tax returns essentially reflect the income and financial health of the agricultural sector, impacting both property values and investment opportunities. For those considering investing, moving, or building in Garfield County, these figures may suggest a relatively stable agricultural economy with slight variations that could be influenced by factors such as market prices, weather conditions, and policy changes.
Number of Mortgages by Occupancy Type in Garfield County, NE Over the Last 5 Years in Garfield County
In Garfield County, Nebraska, the number of mortgages for principal residences has fluctuated over the last five years, peaking in 2020 with 56 recorded instances. Investment properties have seen a consistent decline, with a significant drop from six mortgages in 2019 to just one in 2021, slightly recovering to two by 2022. The trend in second residences remains relatively steady but low, never surpassing five mortgages per year. These shifts in occupancy types might influence market dynamics, providing insights for investors seeking profitable opportunities, homebuyers evaluating community stability, and real estate professionals tailoring their strategies. Reduced investment property transactions could indicate a less favorable environment for rental-business ventures or reflect broader economic conditions impacting property investments.
Economic Outlook
Garfield County, Nebraska's financial climate is marked by significant fluctuations in average taxable income, state and local income taxes, and total tax liability per tax return over the past decade. Average taxable income peaked at $48,197.53 in 2021, after noteworthy dips in 2017 and 2019 to around $37,842.86 and $39,251.76, respectively. Average state and local income taxes saw a high of $8,611.11 in 2015, consistently declining to $4,200.00 by 2021. Total tax liability per tax return also... Read more
Average Taxable Income per Tax Return in Garfield County, NE over the last 9 years
Average taxable income per tax return in Garfield County, Nebraska maintained a generally fluctuating trend over the past nine years, peaking in 2021 at $48,197.53. Notable dips occurred in 2017 and 2019, hitting lows around $37,842.86 and $39,251.76, respectively. The overall instability suggests a variable economic climate, likely influencing decisions for potential investors, property developers, and residents considering the county's financial environment.
Average State and Local Income Taxes Per Tax Return in Garfield County, NE Over the Last 9 Years
Over the last nine years, Garfield County, Nebraska has seen a generally fluctuating trend in average state and local income taxes per tax return, peaking in 2015 at around $8,611.11. Notably, there has been a consistent decline since then, with 2021 seeing averages drop to $4,200.00. This trend might suggest changes in either income levels, tax policy, or a combination of both, impacting the financial landscape for residents, potential investors, and policy makers.
Average Total Tax Liability Per Tax Return in Garfield County, NE Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Garfield County, Nebraska, has seen notable fluctuations. In 2012, it was approximately $5,341.38, climbing to a peak of around $7,432.79 by 2021. The figures reveal a general upward trend, with years like 2018 reflecting a dip to about $4,778.57. This variable tax landscape could be a crucial consideration for potential investors, homebuyers, and appraisers when evaluating financial commitments in the area.
Cost of Living in Garfield County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,118 | $1,383 | $2,140 | $1,271 | $1,334 |
| 1 adult 4 children | $1,118 | $1,130 | $1,638 | $1,271 | $1,480 |
| 2 adults 3 children | $1,118 | $1,130 | $1,856 | $1,271 | $1,079 |
| 1 adult 3 children | $1,118 | $923 | $1,354 | $1,271 | $1,198 |
| 2 adults 2 children | $826 | $925 | $1,571 | $1,105 | $871 |
| 1 adult 2 children | $826 | $691 | $1,070 | $1,105 | $857 |
| 2 adults 1 child | $826 | $731 | $1,287 | $564 | $785 |
| 1 adult 1 child | $826 | $472 | $786 | $564 | $645 |
| 2 adults | $700 | $587 | $1,003 | $0 | $651 |
| 1 adult | $562 | $320 | $502 | $0 | $537 |
Safety trends & Data
Garfield County, Nebraska, has had minimal property crime over the past two years, with rare incidents like single reports of burglary, larceny-theft, and vandalism in 2020, and just one fraud case in 2021. These low numbers might imply a relatively secure environment for residents and potential investors. However, given the small sample size, these findings should be viewed with cautious... Read more
Property Crime Trends in Garfield County, NE Over the Last 2 Years
In Garfield County, Nebraska, property crime trends over the past two years have shown minimal activity, with isolated incidents in each category. 2020 saw one report each for burglary, larceny-theft, and vandalism, while 2021 recorded a single instance of fraud. These low incident numbers could suggest a relatively secure environment for residents and potential investors, though it's important to consider the small sample size when evaluating the overall safety.
Demographics
Demographic trends in Garfield County, Nebraska show a fairly balanced gender distribution with slightly more males than females. Educational attainment is diverse, with a notable portion having some college education but no degree, and a solid number of residents holding bachelor's degrees. The age distribution suggests a significant older population, particularly those aged 55 and above. Racially, the county is predominantly White, with very minimal representation from other racial groups.... Read more
Race Distribution in Garfield County, Nebraska (2022)
Educational Attainment in Garfield County, Nebraska (2022)
Age Distribution in Garfield County, Nebraska
Citizen Population in Garfield County, Nebraska (2022)
Political Trends & Data
Garfield County, Nebraska, displayed a marked preference for conservative candidates in the 2020 U.S. Presidential Election, with about 87% of voters supporting the Republican party. The Democratic party saw roughly 12% of the vote, and the Libertarian party garnered just under 1%. This significant lean suggests potential stability in local policies that could favor conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Garfield County, Nebraska, the 2020 U.S. Presidential Election saw a significant lean towards the Republican party, which garnered approximately 87% of the votes. The Democratic party captured about 12%, while the Libertarian party accounted for a small fraction at just under 1%. These figures suggest a strong conservative preference among voters in this area.
86.79% of voters voted for the Republican party in the 2020 Presidential Election
12.37% of voters voted for the Democrat party in the 2020 Presidential Election
0.84% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
With student-to-teacher ratios fluctuating between 8 and 12 over the last decade, Garfield County, Nebraska consistently outperformed the national average of 14 students per teacher. This suggests a robust commitment to smaller class sizes, which is likely to attract families looking for personalized education for their children. For real estate agents and investors, this focus on education quality could be a significant selling point when marketing to prospective buyers. Understanding these... Read more
Student-to-teacher ratio in Garfield County, Nebraska over the last 10 years
Over the last decade, Garfield County, Nebraska has seen its student-to-teacher ratio fluctuate, with numbers consistently lower than the national average of 14 students per teacher. With values ranging from 8 to 12, the county shows a commitment to smaller class sizes, which may attract families seeking more personalized educational attention for their children. Investors and real estate agents could find this appealing when marketing to potential residents, as it suggests a high standard of education. For insurance agents and appraisers, understanding these ratios offers insights into the education sector’s development in the area, which might influence property valuations indirectly.
