Lancaster County Real Estate and Livability Trends
Lancaster County, Nebraska, has experienced a surge in median home values from $152,900 in 2015 to $239,900 in 2022, outpacing both state and national growth rates, suggesting a strong and appealing market for investors. The rise in average taxable income—from $59,082.39 in 2013 to $85,448.81 in 2021—indicates increased prosperity, which could be driving these property value hikes. Real... Read more
Lancaster County Market Trends
Lancaster County, Nebraska, has shown a notable jump in median home values, soaring from $152,900 in 2015 to $239,900 in 2022. This outpaces both state and national growth rates, suggesting a particularly vigorous market that could appeal to potential investors and buyers. Real estate taxes have surged by roughly 80% over the past decade to around $6,685.76 per tax return, reflecting increased... Read more
Median Value of Occupied Housing Units in Lancaster County, Nebraska Over the Last 8 Years
In the past eight years, Lancaster County, Nebraska, has seen its median home values rise from $152,900 in 2015 to $239,900 in 2022, which is a significant increase compared to state and national trends. While Nebraska's median home values grew from $133,200 to $205,600 over the same period, reflecting considerable appreciation, the county's growth rate outstripped the state's figures. On a national scale, where median home values moved from $125,500 in 2015 to $179,400 in 2022, Lancaster County's robust market could signal promising investment opportunities and a strong demand for housing in the area, making it appealing for prospective buyers and investors.
Residential Energy Tax Credit Per Tax Return in Lancaster County, NE Over the Last 9 Years
Lancaster County, Nebraska has seen significant fluctuations in residential energy tax credits over the past nine years, with notable peaks in 2018 at $3,195.83 and a steady incline in recent years reaching $983.43 in 2021. These variations suggest potential shifts in energy-efficiency investments and state incentives. For those investing in property or working within the real estate and insurance sectors, this data offers insights into local trends that may influence property values, energy-saving installations, and policy impacts.
Average Real Estate Taxes Per Tax Return in Lancaster County, NE Over the Last 10 Years
Lancaster County, Nebraska has seen a significant upward trend in real estate taxes per tax return over the past decade, climbing from approximately $3,725.68 in 2012 to about $6,685.76 in 2021. This growth, which roughly translates to an 80% increase, is indicative of rising property values and potentially higher public service expenditures in the area. For investors, this trend may highlight strong market performance, while potential homeowners should be aware of escalating tax obligations. Real estate agents and appraisers might find the data useful for setting competitive pricing and valuations, and insurance agents could consider these figures when assessing risk and coverage costs.
Percentage of Farm Returns in Lancaster County, NE Over the Last 10 Years
Over the last decade, Lancaster County, Nebraska has seen a gradual decline in farm tax returns, dropping from approximately 1.40% in 2012 to around 1.12% in 2021. This trend may suggest either a steady reduction in the number of active farming operations or possibly an increase in non-farm economic activities in the area. These changes could be a significant factor for those considering investing, moving, or building property in Lancaster County, as it may reflect broader economic shifts and can influence land and property values.
Number of Mortgages by Occupancy Type in Lancaster County, NE Over the Last 5 Years in Lancaster County
In Lancaster County, Nebraska, mortgage counts for principal residences have seen fluctuations, with a sharp increase from 2018's 12,850 to a high of 25,609 in 2020, before declining to 12,066 in 2022. Investment property mortgages have also varied, peaking at 1,937 in 2021 after starting at 1,358 in 2018. Second residences remained the least common, with a slight peak in 2020 at 190 before dropping to 93 by 2022. Shifts in occupancy type can signal broader economic and demographic changes, providing valuable insights for investors, real estate agents, and local policymakers as they assess demand and housing market stability. Appraisers and insurance agents might also find these trends relevant for evaluating property values and risk factors.
Economic Outlook
Lancaster County, Nebraska has seen a notable increase in average taxable income per tax return from $59,082.39 in 2013 to $85,448.81 in 2021, hinting at a stronger economic base and possibly increased prosperity, which could be attractive for investment and property development. The average state and local income taxes per tax return have also risen, from $6,059.28 in 2012 to $8,604.20 in 2021, reflecting a robust local economy likely driven by rising incomes and property values. Additionally,... Read more
Average Taxable Income per Tax Return in Lancaster County, NE over the last 9 years
Over the last nine years, Lancaster County, Nebraska has seen a noticeable rise in average taxable income per tax return, climbing from approximately $59,082.39 in 2013 to around $85,448.81 in 2021. This upward trend could signify a growing economic base or increased prosperity among residents, potentially making the area more attractive for investment and property development. Such income growth may also impact property appraisals and insurance considerations, suggesting stronger financial stability among homeowners. Trends like these might interest real estate agents and those contemplating a move to this county.
Average State and Local Income Taxes Per Tax Return in Lancaster County, NE Over the Last 10 Years
Over the last decade, Lancaster County, Nebraska, has seen a steady increase in the average state and local income taxes per tax return, climbing from $6,059.28 in 2012 to $8,604.20 in 2021. This upward trend suggests a robust local economy, likely driven by rising incomes and property values, which can signal investment potential for real estate agents and developers. For prospective residents or businesses, understanding this tax trajectory is essential for financial planning, while insurance agents and appraisers might view it as an indicator of the county's overall economic health.
Average Total Tax Liability Per Tax Return in Lancaster County, NE Over the Last 10 Years
Lancaster County, Nebraska has experienced a noticeable increase in average total tax liability per tax return over the last decade. Starting at $9,712.34 in 2012, the liability saw a gradual uptick with significant jumps in 2020 and 2021, reaching $11,544.32 and $14,401.64 respectively. This upward trend could suggest growing incomes or property values, making the area potentially more lucrative for investors and affecting appraisals and insurance considerations. For real estate agents and those looking to build or purchase property, the climbing tax liabilities underscore an important factor in financial planning and investment analysis.
Cost of Living in Lancaster County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,372 | $1,560 | $2,038 | $2,230 | $1,778 |
| 1 adult 4 children | $1,372 | $1,274 | $1,568 | $2,230 | $1,898 |
| 2 adults 3 children | $1,372 | $1,275 | $1,763 | $2,230 | $1,465 |
| 1 adult 3 children | $1,372 | $1,041 | $1,293 | $2,230 | $1,635 |
| 2 adults 2 children | $980 | $1,043 | $1,489 | $1,940 | $1,090 |
| 1 adult 2 children | $980 | $779 | $1,019 | $1,940 | $1,155 |
| 2 adults 1 child | $980 | $825 | $1,214 | $999 | $875 |
| 1 adult 1 child | $980 | $533 | $744 | $999 | $758 |
| 2 adults | $773 | $663 | $940 | $0 | $622 |
| 1 adult | $684 | $361 | $470 | $0 | $521 |
Safety trends & Data
Over the past five years, Lancaster County, Nebraska, has seen fluctuating property crime rates, with larceny and vandalism consistently topping the charts. Notably, larceny saw a significant dip in 2021 but increased again in 2022, while motor vehicle thefts and burglaries have generally decreased since 2018. Arson incidents remain relatively low, and fraud and forgery rates show minor fluctuations. These trends can offer real estate investors and agents valuable insights into neighborhood... Read more
Property Crime Trends in Lancaster County, NE Over the Last 5 Years
Over the past five years, Lancaster County, Nebraska, has experienced fluctuating property crime rates. Larceny and vandalism have consistently topped the charts, with larceny seeing a significant dip in 2021 but increasing again in 2022. Motor vehicle thefts and burglaries show variable trends but have generally decreased since 2018. Arson incidents remain relatively low, while fraud and forgery rates exhibit minor fluctuations. For investors and real estate agents, understanding these trends provides critical insights into neighborhood safety and potential risk factors impacting property values and insurance rates.
Demographics
Lancaster County, Nebraska shows an almost balanced gender ratio among adults and a diverse age distribution, with a significant proportion of individuals aged 25 to 34 years, likely indicating a youthful, dynamic workforce. The educational attainment levels suggest a well-educated population, with a notable chunk possessing bachelor's and graduate degrees, hinting at a strong potential for professional talent. Racially, the county predominantly identifies as White, but there's a presence of... Read more
Race Distribution in Lancaster County, Nebraska (2022)
Educational Attainment in Lancaster County, Nebraska (2022)
Age Distribution in Lancaster County, Nebraska
Citizen Population in Lancaster County, Nebraska (2022)
Political Trends & Data
Lancaster County, Nebraska, exhibited a surprising tilt towards Democratic candidates in the 2020 U.S. Presidential Election, capturing about 52.72% of the vote compared to Republicans’ 44.90%. This competitive political landscape hints at a potential shift or diversification in voter preferences, with minimal libertarian influence and negligible support for the Green party or other... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lancaster County, Nebraska, the 2020 U.S. Presidential Election saw a notable tilt towards Democratic candidates, who received about 52.72% of the vote. Republicans garnered around 44.90%, suggesting a somewhat competitive political landscape. Libertarian presence was minimal, with only 2.37% of the vote, and there was virtually no support for the Green party or other candidates. This trend may indicate a gradual shift or diversification in voter preferences within the county.
44.90% of voters voted for the Republican party in the 2020 Presidential Election
52.72% of voters voted for the Democrat party in the 2020 Presidential Election
2.37% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Lancaster County, Nebraska has seen its student-to-teacher ratio trend towards smaller class sizes, averaging around 12 students per teacher recently, compared to the national average of 14. This suggests more personalized attention for students, which could make the area particularly attractive to potential residents with school-aged children. Such educational advantages might also influence property values, making this a key point for real estate agents, homebuyers, and investors focusing on... Read more
Student-to-teacher ratio in Lancaster County, Nebraska over the last 10 years
Over the past decade, Lancaster County, Nebraska has seen its student-to-teacher ratio fluctuate, with a noticeable trend towards smaller class sizes, averaging around 12 students per teacher in recent years. This ratio is lower than the national average of 14 students per teacher, suggesting that the area might offer more personalized attention to students. This trend could be particularly attractive to potential residents with school-aged children and might also influence property values, making it a key factor for real estate agents, homebuyers, and investors focused on community amenities and future growth.
