Loup County Real Estate and Livability Trends
Loup County, Nebraska's real estate market has seen considerable volatility, with the median home value hitting $159,100 in 2017 and dropping to $82,200 by 2020. This trend diverges significantly from steady increases observed statewide, suggesting potential for both risks and rewards for investors. Mortgage trends pointed to a consistent demand for principal residences, indicating relative... Read more
Loup County Market Trends
Loup County, Nebraska's real estate market has shown a highly fluctuating median home value over the past eight years, peaking at $159,100 in 2017 and hitting a low of $82,200 in 2020. This contrasts with the steady increases seen in Nebraska and the nation overall, making Loup County a potentially risky yet opportunistic locale for investors. Farm tax returns have hovered mostly in the mid-30%... Read more
Median Value of Occupied Housing Units in Loup County, Nebraska Over the Last 8 Years
Loup County, Nebraska, shows a highly fluctuating trend in median home values over the past eight years, with the highest value hitting $159,100 in 2017 and the lowest dipping to $82,200 in 2020. This contrasts sharply with the steady upward trend in Nebraska and nationwide. During the same period, Nebraska's median home values increased from $133,200 in 2015 to $205,600 in 2022, while the national values grew from $125,500 to $179,400. Potential investors or residents might view this volatility as both a risk and an opportunity, compared to the more stable state and national markets.
Percentage of Farm Returns in Loup County, NE Over the Last 10 Years
Farm tax returns in Loup County, Nebraska have experienced slight fluctuations over the last decade, with percentages ranging from 33.33% in 2014 to around 42.86% in 2013. The overall trend indicates some variability, though it has maintained a relatively stable range, hovering mostly in the mid-30% range. This data might suggest a consistent involvement in farming activities, which can be a significant factor for those looking to invest in or move to the area. Understanding farm tax returns is crucial for assessing the agricultural viability and economic stability of the county, making this information invaluable for potential investors and residents.
Number of Mortgages by Occupancy Type in Loup County, NE Over the Last 5 Years in Loup County
Over the past five years in Loup County, Nebraska, mortgage trends show consistent interest in principal residences, peaking in 2020 and 2021 with 13 mortgages each year. Second residences saw a slight decline, while investment properties remained relatively stable but low in volume. The focus on principal residences might suggest a stable demand for primary housing, significant for investors seeking long-term tenants and for appraisers gauging area stability. Lower numbers for investment properties and second homes could reflect cautious investor sentiment or less seasonal influx, impacting potential rental yields and insurance risk assessments.
Economic Outlook
Loup County, Nebraska, has shown an intriguing pattern in average taxable income per tax return, with a sharp dip to -$23,714.29 in 2013 followed by a recovery peaking at $41,431.04 by 2021. The average state and local income taxes per return also fluctuated, peaking at $4,400.00 in 2013 and dipping to $3,150.00 in 2015, but recent years hint at stabilization. These trends, combined with shifts in total tax liability reaching a high of $5,838.10 in 2021, indicate a dynamic economic landscape... Read more
Average Taxable Income per Tax Return in Loup County, NE over the last 9 years
Over the past nine years, Loup County, Nebraska has seen significant fluctuation in average taxable income per tax return. Notably, 2013 marked a sharp anomaly with the average plunging to -$23,714.29, but from 2014 onwards, there was a steady recovery. Recent years, particularly from 2019 to 2021, observed a promising upward trajectory with 2021 reaching an average of $41,431.04. This growth trend could be an essential consideration for investors, real estate agents, or anyone interested in the economic health of the area.
Average State and Local Income Taxes Per Tax Return in Loup County, NE Over the Last 6 Years
Over the past six years, Loup County, Nebraska has experienced fluctuating average state and local income taxes per tax return, peaking at $4,400.00 in 2013 and dipping as low as $3,150.00 in 2015. Despite these variations, there appears to be a general trend hinting at stabilization with recent figures like $4,375.00 in 2017. This variability in tax amounts could influence decisions regarding investing, moving, or building property in the area, as it may impact overall financial planning for current and prospective residents. For real estate agents and appraisers, these shifts might signal changes in the county's economic landscape that could affect property values and market dynamics.
Average Total Tax Liability Per Tax Return in Loup County, NE Over the Last 10 Years
In Loup County, Nebraska, the average total tax liability per tax return has experienced noticeable fluctuations over the past decade. Peaks occurred notably in 2017 and 2021, with the highest liability recorded at $5,838.10. After a low in 2013 at $4,328.57, there were sizable increases and some moderate decreases, indicating periods of economic variability. This trend suggests a dynamic tax landscape that could impact decisions for potential investors, residents, and real estate professionals considering the region.
Cost of Living in Loup County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,075 | $1,323 | $2,140 | $1,271 | $1,345 |
| 1 adult 4 children | $1,075 | $1,080 | $1,638 | $1,271 | $1,497 |
| 2 adults 3 children | $1,075 | $1,081 | $1,856 | $1,271 | $1,090 |
| 1 adult 3 children | $1,075 | $882 | $1,354 | $1,271 | $1,211 |
| 2 adults 2 children | $838 | $885 | $1,571 | $1,105 | $899 |
| 1 adult 2 children | $838 | $661 | $1,070 | $1,105 | $893 |
| 2 adults 1 child | $838 | $699 | $1,287 | $564 | $808 |
| 1 adult 1 child | $838 | $452 | $786 | $564 | $664 |
| 2 adults | $637 | $562 | $1,003 | $0 | $639 |
| 1 adult | $570 | $306 | $502 | $0 | $540 |
Demographics
Loup County, Nebraska's demographic landscape is characterized by a relatively balanced gender ratio and a predominantly White population. The age distribution suggests a noticeable concentration of older adults, with significant numbers in the 55 to 74 years brackets. As far as educational attainment goes, most residents have at least a high school diploma, with a substantial number possessing some college education or an associate's degree. However, fewer people hold bachelor's degrees or... Read more
Race Distribution in Loup County, Nebraska (2022)
Educational Attainment in Loup County, Nebraska (2022)
Age Distribution in Loup County, Nebraska
Citizen Population in Loup County, Nebraska (2022)
Political Trends & Data
Loup County, Nebraska, shows a marked preference for the Republican party, with approximately 81% of the votes in the 2020 U.S. Presidential Election favoring GOP candidates. Democrats received around 17%, while the Libertarian party secured just under 2%. Such voting patterns may hint at a local inclination towards conservative policies, which could influence community attitudes and possibly the valuation and development trends in the real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Loup County, Nebraska, the 2020 U.S. Presidential Election results suggest a considerable leaning towards the Republican party, with about 81% of the votes, while Democrats secured roughly 17%. The Libertarian party garnered just below 2%, and no significant support was apparent for the Green party or other minor parties. This distribution might reflect broader political trends within the county, indicating a strong preference for conservative policies and candidates.
81.50% of voters voted for the Republican party in the 2020 Presidential Election
16.52% of voters voted for the Democrat party in the 2020 Presidential Election
1.98% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Loup County, Nebraska has maintained a remarkably low student-to-teacher ratio of about 5 students per teacher over the past decade, much lower than the national average of 14. This might suggest more individualized classroom attention, potentially improving educational outcomes. For families considering relocation or investors eyeing property in this area, this could be a compelling factor. Real estate agents could leverage this as a strong selling point, as lower ratios typically indicate a... Read more
Student-to-teacher ratio in Loup County, Nebraska over the last 10 years
Loup County, Nebraska has consistently maintained a low student-to-teacher ratio over the past decade, hovering around 5 students per teacher, which is significantly lower than the national average of 14 students per teacher. This trend might suggest more individualized attention in classrooms, potentially leading to better educational outcomes. For families considering a move or investors looking at property in this area, this could be a compelling factor. Additionally, appraisers and real estate agents should consider this as a selling point for properties, as lower ratios generally indicate a higher quality of life. For insurance agents and those involved in building property, this could signal a stable or increasing demand for residential developments tailored to family-oriented buyers.
