Knox County Real Estate and Livability Trends
Knox County, Nebraska, showed a significant Republican preference in the 2020 U.S. Presidential Election, with around 79.2% of votes going to the GOP. Democrats garnered about 19.3%, and Libertarians captured roughly 1.5%. This Republican dominance could sway local political priorities, potentially affecting policy decisions and funding... Read more
Knox County Market Trends
Home values in Knox County, Nebraska, have grown substantially, from $81,200 in 2015 to $112,700 in 2022, yet still trail behind Nebraska's state median of $205,600 in 2022 and the national median of $179,400. This affordability could present enticing investment opportunities despite the lower relative values. Shifts in residential energy tax credits, which peaked at $450.00 in 2015 but later... Read more
Median Value of Occupied Housing Units in Knox County, Nebraska Over the Last 8 Years
Home values in Knox County, Nebraska, have experienced a steady rise over the last eight years, increasing from $81,200 in 2015 to $112,700 in 2022. While this growth appears substantial, it's still relatively lower compared to Nebraska's state median value, which reached $205,600 in 2022. On a broader scale, Knox County's values remain notably below the national median, which surged to $179,400 in the same period. This gap might suggest potential investment opportunities in Knox County, where housing is more affordable but still appreciating, especially for those looking to maximize returns on lower initial investments.
Residential Energy Tax Credit Per Tax Return in Knox County, NE Over the Last 5 Years
In Knox County, Nebraska, the average residential energy tax credit per tax return has shown a noticeable fluctuation over the past five years. Starting at $175.00 in 2013, there was a significant increase to $360.00 in 2014 and even higher to $450.00 in 2015. However, values dropped back to $360.00 in 2016 and lowered further to $200.00 in 2020. These variations may suggest changing economic conditions or shifting policy incentives in the region, which could impact decisions around property investments, energy-efficient home improvements, or the local real estate market.
Average Real Estate Taxes Per Tax Return in Knox County, NE Over the Last 10 Years
Knox County, Nebraska has seen variability in its average real estate taxes over the last decade, making it crucial for investors and residents to stay informed. Numbers fluctuated from $2,056.76 in 2013 to a high of $3,671.43 in 2020, suggesting possible changes in property valuation or tax rates. Notably, a significant spike occurred in 2020, jumping from $2,457.14 in 2018 to $3,671.43, which could impact long-term planning for property owners, buyers, and professionals in real estate and financial sectors.
Percentage of Farm Returns in Knox County, NE Over the Last 10 Years
The percentage of farm tax returns in Knox County, Nebraska has shown a slight but consistent decline over the past decade, starting at around 24.21% in 2012 and tapering down to approximately 22.46% by 2021. Farm tax returns indicate the proportion of tax filings that include income from farming activities. This metric is crucial for investors, property builders, and residents as it provides insight into the agricultural viability and economic orientation of the county. Lower percentages might imply shifts towards other economic activities or challenges in the agricultural sector, affecting decisions related to property investments and long-term planning.
Number of Mortgages by Occupancy Type in Knox County, NE Over the Last 5 Years in Knox County
Knox County, Nebraska has seen fluctuating mortgage counts over the last five years, with a notable dominance of principal residence loans, peaking at 203 in both 2020 and 2021. While investment property mortgages have remained relatively stable but low, second residences saw a spike in 2020 and 2021 before dropping again. This shifting landscape in occupancy types can provide valuable insights for investors, insurers, and real estate professionals about market demand, risk assessments, and potential growth areas. These changes might suggest shifts in residential preferences or economic factors influencing property use.
Economic Outlook
Knox County, Nebraska has seen a notable rise in average taxable income per tax return, growing from $43,064.78 in 2013 to $58,019.69 in 2021. This trend could attract investors, homebuyers, and business owners looking for growth opportunities, indicating a potentially favorable market for real estate. Despite fluctuations, average state and local income taxes have stabilized around $6,887.50 in recent years, suggesting evolving economic conditions or policy shifts. Overall, the increase in... Read more
Average Taxable Income per Tax Return in Knox County, NE over the last 9 years
Knox County, Nebraska has witnessed a notable upward trajectory in average taxable income per tax return over the past nine years. From $43,064.78 in 2013 to $58,019.69 in 2021, residents have seen a general trend of increasing incomes, with a significant jump particularly in recent years. This rising income trend could potentially attract investors, homebuyers, and business owners looking for growth opportunities in the area while also suggesting a favorable market for real estate agents and property developers. Insurance agents might also find interest in the evolving economic landscape, indicating a possibly more affluent client base. For current residents, this trend hints at a strengthening local economy, potentially reflected in enhanced community resources and services.
Average State and Local Income Taxes Per Tax Return in Knox County, NE Over the Last 10 Years
Knox County, Nebraska, has seen its average state and local income taxes per tax return fluctuate over the past decade. Taxes peaked at $7,312.50 in 2013 and saw a significant dip to $5,222.22 in 2018. Recent years show a stabilization, with 2021 averaging around $6,887.50. This variability could suggest shifting economic conditions or policy changes affecting the overall tax burden for residents. Investors and real estate professionals might find this trend useful for financial planning, while current and potential residents should consider these fluctuations as part of the broader economic landscape in Knox County.
Average Total Tax Liability Per Tax Return in Knox County, NE Over the Last 10 Years
Knox County, Nebraska has seen fluctuating trends in average total tax liability per tax return over the past decade, displaying a general upward trajectory. In 2012, tax liabilities started at $6,552.13 and experienced a peak in 2021 at $8,349.33, revealing an overall increase. Notably, there were occasional dips, such as in 2013 ($6,223.93) and 2019 ($6,191.54), implying periods of relative economic reprieve or shifts in taxable income. For potential investors and those in real estate, this trend could indicate rising incomes or property values, while insurance agents and appraisers might view it as a signal of changing financial dynamics in the county.
Cost of Living in Knox County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,099 | $1,436 | $2,140 | $1,271 | $1,351 |
| 1 adult 4 children | $1,099 | $1,172 | $1,638 | $1,271 | $1,492 |
| 2 adults 3 children | $1,099 | $1,173 | $1,856 | $1,271 | $1,091 |
| 1 adult 3 children | $1,099 | $958 | $1,354 | $1,271 | $1,206 |
| 2 adults 2 children | $826 | $960 | $1,571 | $1,105 | $884 |
| 1 adult 2 children | $826 | $717 | $1,070 | $1,105 | $870 |
| 2 adults 1 child | $826 | $759 | $1,287 | $564 | $795 |
| 1 adult 1 child | $826 | $490 | $786 | $564 | $653 |
| 2 adults | $628 | $610 | $1,003 | $0 | $634 |
| 1 adult | $562 | $332 | $502 | $0 | $543 |
Safety trends & Data
Knox County, Nebraska's property crime rates have stayed noticeably low over the last five years. Larceny-theft has been the most common crime, peaking at seven incidents in 2018 but declining in later years. Burglary and motor vehicle theft have seen minimal activity, each recording only a few incidents. Fluctuations in fraud and vandalism have been minor, and more severe crimes like forgery and dealing in stolen property are rare. These trends might suggest a stable and secure environment... Read more
Property Crime Trends in Knox County, NE Over the Last 5 Years
Knox County, Nebraska has experienced relatively low levels of property crime over the last five years, with a few consistent trends. The most frequent type of crime is larceny-theft, with higher occurrences in 2018 (7 incidents) compared to subsequent years. Instances of burglary and motor vehicle theft have stayed notably low, each with only a couple of incidents recorded across the five years. Fraud and vandalism saw small but varied fluctuations, while crimes such as forgery and dealing in stolen property were minimal. For investors, appraisers, and real estate professionals, these numbers suggest a stable environment with minimal property crime, which may appeal to potential homeowners or businesses considering the area.
Demographics
Knox County, Nebraska's adult population is nearly evenly split between males and females, indicating a balanced demographic. Educational attainment shows a significant number of residents holding at least a high school diploma, but fewer with bachelor's degrees or higher, which might suggest opportunities for higher education initiatives. Age distribution leans toward an older population, with a notable segment over 55 years old, potentially impacting healthcare and retirement services. The... Read more
Race Distribution in Knox County, Nebraska (2022)
Educational Attainment in Knox County, Nebraska (2022)
Age Distribution in Knox County, Nebraska
Citizen Population in Knox County, Nebraska (2022)
Political Trends & Data
In Knox County, Nebraska, the 2020 U.S. Presidential Election results indicated a strong Republican presence, with about 79.2% of votes going to the GOP. Democrats captured around 19.3%, and the Libertarian vote stood at approximately 1.5%. This strong Republican inclination might influence local and state political priorities, potentially shaping policy decisions and funding... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Knox County, Nebraska, the 2020 U.S. Presidential Election results suggested a strong Republican presence, with approximately 79.2% of votes. Democrats garnered around 19.3%, while the Libertarian vote was minimal at about 1.5%. The data implies a significant lean towards the Republican party in this area, potentially influencing local and state elections and political priorities.
79.22% of voters voted for the Republican party in the 2020 Presidential Election
19.27% of voters voted for the Democrat party in the 2020 Presidential Election
1.51% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Knox County, Nebraska, the student-to-teacher ratio has remained lower than the national average of 14 students per teacher, fluctuating between nine and ten over the past decade. This trend could be appealing to families and investors, indicating smaller class sizes and potentially more individualized attention in schools. For real estate agents and investors, this low ratio can be a selling point, highlighting a community that prioritizes education, which may lead to stable or appreciating... Read more
Student-to-teacher ratio in Knox County, Nebraska over the last 10 years
Knox County, Nebraska has consistently maintained a lower student-to-teacher ratio compared to the national average of 14 students per teacher, with the ratio fluctuating between nine and ten students per teacher over the past decade. This trend might be appealing to families and investors, suggesting smaller class sizes and potentially more individualized attention in schools. For real estate agents and investors, the low ratio can be a positive selling point, reflecting a community that prioritizes education. Appraisers and insurance agents could see this as indicative of stable or appreciating property values in a family-friendly environment. For those looking to build property, it might influence decisions about targeting family-oriented housing projects.
