Grant County Real Estate and Livability Trends
Grant County, Nebraska's housing market has experienced robust growth, with median home values more than doubling from $50,800 in 2015 to $104,200 in 2022. This increase outpaces both state and national trends, suggesting a strong local demand. Moreover, real estate taxes fluctuated between $950.00 and $1,300.00, peaking in 2016, and principal residence mortgages have steadily risen, underscoring... Read more
Grant County Market Trends
Grant County, Nebraska's housing market has seen a notable increase, with median home values soaring from $50,800 in 2015 to $104,200 in 2022, outpacing statewide and national trends. Real estate taxes have fluctuated, ranging between $950.00 to $1,300.00 per return, with a peak observed in 2016. Farm tax returns have varied between 31.25% and 36.67%, hinting at shifts in agricultural... Read more
Median Value of Occupied Housing Units in Grant County, Nebraska Over the Last 8 Years
Grant County, Nebraska's housing market has seen a dramatic rise over the past eight years, with median home values jumping from $50,800 in 2015 to $104,200 in 2022. This increase of over 105% mirrors broader trends but is particularly striking given that the statewide median only grew by around 54% in the same period. While Nebraska's statewide median values climbed from $133,200 in 2015 to $205,600 in 2022, the national median values saw a slower, yet consistent rise from $125,500 to $179,400. If this trajectory holds, Grant County could continue growing as an attractive, though still affordable, market in comparison to state and national figures.
Average Real Estate Taxes Per Tax Return in Grant County, NE Over the Last 4 Years
In recent years, Grant County, Nebraska has seen some fluctuations in real estate taxes per tax return, with amounts ranging from $950.00 to $1,300.00. Despite the variations, there's an upward trend peaking in 2016. These changing tax amounts could impact investment considerations, valuation assessments, and property development strategies for stakeholders involved in the area's real estate market.
Percentage of Farm Returns in Grant County, NE Over the Last 10 Years
Over the last decade, Grant County, Nebraska has experienced fluctuating percentages of farm tax returns, ranging from 31.25% to 36.67%. These variations may reflect shifts in agricultural profitability, policy changes, and economic conditions. A higher percentage of farm tax returns can suggest a robust agricultural sector, which is essential for anyone considering investments or property development tied to farming in the county. The data might also be of interest to potential residents or current inhabitants looking at the stability and growth of the local economy.
Number of Mortgages by Occupancy Type in Grant County, NE Over the Last 5 Years in Grant County
Grant County, Nebraska has exhibited a clear trend in mortgage types over the past five years, with principal residence mortgages showing a gradual increase from 2018 to 2022, peaking at seven in 2022. In contrast, investment property mortgages remain infrequent and stable, with only one mortgage recorded each in 2019 and 2020. These shifts might indicate a growing preference for homeownership or stable housing demands in the area, potentially affecting the housing market's stability and attractiveness. Investors, appraisers, real estate agents, and those looking to move to the area might find this trend useful for making informed decisions on property investments and valuations, understanding market demand, and identifying potential risks or opportunities.
Economic Outlook
Grant County, Nebraska has exhibited significant variability in average taxable income per tax return over the past nine years, with a notable peak at $67,238.24 in 2014 before stabilizing around $48,118.75 to $51,006.45 from 2016 to 2021. The region has also seen dramatic swings in state and local income taxes, peaking at $12,566.67 in 2015 before dropping to $7,666.67 by 2017. Average total tax liability peaked at $12,900.00 in 2014 but settled between $5,000.00 and $7,000.00 thereafter.... Read more
Average Taxable Income per Tax Return in Grant County, NE over the last 9 years
Over the past nine years, Grant County, Nebraska, has experienced noticeable fluctuations in average taxable income per tax return. Between 2013 and 2014, there was a substantial increase from approximately $44,777.42 to $67,238.24, followed by a decline to around $64,926.47 in 2015. Post-2015, the average taxable income generally trended downward, stabilizing in the range of $48,118.75 to $51,006.45 from 2016 to 2021. This suggests that while there was significant variability early in the period, recent years have shown more consistency, potentially pointing to a more predictable economic environment, which could be of interest to investors or those considering relocation.
Average State and Local Income Taxes Per Tax Return in Grant County, NE Over the Last 6 Years
Grant County, Nebraska has witnessed significant fluctuations in average state and local income taxes per tax return over the past six years. Starting at $6,166.67 in 2012, there was a sharp decrease to $4,966.67 in 2013, but the figures spiked dramatically to $11,200.00 in 2014 and continued to peak at $12,566.67 in 2015. Since then, taxes dropped to $9,550.00 in 2016 and further to $7,666.67 in 2017. This volatility could make the area a compelling case study for tax policy analysts and those who consider tax stability a factor when deciding on investment opportunities.
Average Total Tax Liability Per Tax Return in Grant County, NE Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Grant County, Nebraska has seen noticeable fluctuations. After peaking dramatically at $12,900.00 in 2014, amounts have generally settled between $5,000.00 and $7,000.00. This suggests a volatile but slightly rising trend. These variations could reflect economic changes, policy shifts, or demographic adjustments impacting the county. Potential investors, appraisers, and real estate agents may find this information useful when assessing the stability and economic climate of the area.
Cost of Living in Grant County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,075 | $1,379 | $2,648 | $1,271 | $1,583 |
| 1 adult 4 children | $1,075 | $1,126 | $2,031 | $1,271 | $1,691 |
| 2 adults 3 children | $1,075 | $1,127 | $2,295 | $1,271 | $1,285 |
| 1 adult 3 children | $1,075 | $920 | $1,677 | $1,271 | $1,386 |
| 2 adults 2 children | $838 | $922 | $1,941 | $1,105 | $1,020 |
| 1 adult 2 children | $838 | $689 | $1,324 | $1,105 | $1,019 |
| 2 adults 1 child | $838 | $729 | $1,588 | $564 | $905 |
| 1 adult 1 child | $838 | $471 | $971 | $564 | $730 |
| 2 adults | $637 | $586 | $1,234 | $0 | $712 |
| 1 adult | $570 | $319 | $617 | $0 | $587 |
Demographics
Grant County, Nebraska, sees a slight population advantage for males over females and a largely homogenous racial composition, predominantly white. The age distribution reveals a significantly aging population, with notable clusters in both the 55 to 64 and 65 to 74 age brackets. Education-wise, a commendable number has completed high school or some college, though only a modest fraction holds advanced degrees. This demographic hints at potential needs for senior services and educational... Read more
Race Distribution in Grant County, Nebraska (2022)
Educational Attainment in Grant County, Nebraska (2022)
Age Distribution in Grant County, Nebraska
Citizen Population in Grant County, Nebraska (2022)
Political Trends & Data
Grant County, Nebraska's real estate market could be subtly influenced by its stark political leanings, where over 93% of 2020 Presidential Election votes went to Republicans, and Democrats captured about 5%. This overwhelming Republican preference might suggest a market that aligns with conservative values, potentially affecting property appeal and buyer demographics. The almost non-existent votes for the Green Party hint at low political diversity, which might carry over into buyer or renter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Grant County, Nebraska, potentially reflects a strong lean towards Republican preferences in the 2020 U.S. Presidential Election with over 93% of votes. Democrats captured approximately 5%, while Libertarians garnered about 1.7%. The absence of votes for the Green Party and a negligible "Other" category might suggest limited political diversity or strong alignment with major parties, particularly the Republicans. The voting pattern here could be indicative of broader political trends in similar rural areas across the state.
93.28% of voters voted for the Republican party in the 2020 Presidential Election
4.98% of voters voted for the Democrat party in the 2020 Presidential Election
1.74% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Grant County, Nebraska has maintained a lower student-to-teacher ratio compared to the national average, hovering from about eight to ten students per teacher over the last few years. This suggests smaller class sizes, potentially offering a more personalized educational experience. For home buyers, this could be a compelling selling point, possibly boosting neighborhood desirability and property values. Real estate agents might leverage this when discussing local schools with... Read more
Student-to-teacher ratio in Grant County, Nebraska over the last 10 years
Grant County, Nebraska has seen its student-to-teacher ratio fluctuate over the last decade, with a general trend of remaining lower than the national average, which is 14 students per teacher. From a low of about eight students per teacher in 2021 to a recent high of nearly ten in 2023, these numbers indicate smaller class sizes compared to many other parts of the United States. For anyone looking to invest in property, build, or move to Grant County, this could suggest a more personalized and engaging educational environment for children, which might positively impact neighborhood desirability and property values. Real estate agents and appraisers might find this trend advantageous when highlighting the benefits of the local schools to potential buyers. Insurance agents might consider this in risk assessments, as a well-supported educational system could correlate with lower crime rates and a more stable community.
