Madison County Real Estate and Livability Trends
Madison County, Nebraska's real estate market is seeing intriguing trends. Median home values rose to $187,100 in 2022 but are still below the state median of $205,600, making it potentially attractive for value-seeking investors. Real estate taxes jumped from $3,229.53 in 2012 to $5,527.54 in 2021, an important factor for investment returns and insurance premiums. Meanwhile, principal residence... Read more
Madison County Market Trends
Madison County, Nebraska shows a steady rise in median home values, hitting $187,100 in 2022, yet still trailing the state median of $205,600. This growth might intrigue investors and homebuyers looking for long-term value. Diverging from national figures, the county's real estate taxes have surged from $3,229.53 in 2012 to $5,527.54 in 2021, potentially critical for investment returns and... Read more
Median Value of Occupied Housing Units in Madison County, Nebraska Over the Last 8 Years
Over the past eight years, Madison County, Nebraska has seen a steady rise in median home values, reaching $187,100 in 2022. While lower than the state median value of $205,600, Madison County's growth trajectory aligns with broader state and national trends. This steady appreciation could interest potential investors and homebuyers by indicating a solid, long-term value increase. Additionally, with the county's median values trailing behind national figures, currently at $179,400, it may suggest a more affordable yet appreciating market compared to broader benchmarks.
Residential Energy Tax Credit Per Tax Return in Madison County, NE Over the Last 9 Years
Madison County, Nebraska has seen some fluctuation in average residential energy tax credits per tax return over the past nine years. Notably, there was a sharp increase in 2018, reaching $1,287.50 per return, which may suggest a temporary spike in energy-efficient home improvements or renewable energy installations. After a subsequent dip in 2019, the figures appear to stabilize around $500.00 to $750.00 in the following years. This trend might indicate a growing but varied interest in energy efficiency amongst homeowners, which could be relevant for investors, appraisers, and real estate agents evaluating the area's property values and potential for green renovations.
Average Real Estate Taxes Per Tax Return in Madison County, NE Over the Last 10 Years
Over the past decade, Madison County, Nebraska has seen a noticeable upward trend in average real estate taxes per tax return, jumping from approximately $3,229.53 in 2012 to around $5,527.54 in 2021. This increasing tax burden is potentially significant for prospective homeowners, real estate investors, and insurance agents, as it could impact property values, investment returns, and insurance calculations. The sharp rises between 2016 and 2017, and again from 2018 onwards, are particularly noteworthy and suggest a shift that may warrant further scrutiny or consideration for long-term financial planning in the area.
Percentage of Farm Returns in Madison County, NE Over the Last 10 Years
Farm tax returns in Madison County, Nebraska have seen a gradual decrease over the last decade, dipping from roughly 5.40% in 2012 to about 4.89% in 2021. The most notable drop was around 2019, which could hint at changes in the agricultural sector or broader economic shifts influencing farming viability. Investors and prospective residents might find these trends indicative of evolving land use and economic conditions in the area. For those looking to build or invest, this shift could mean an opportunity to capitalize on changing land dynamics.
Number of Mortgages by Occupancy Type in Madison County, NE Over the Last 5 Years in Madison County
In Madison County, Nebraska, the mortgage landscape over the past five years reveals notable shifts in occupancy types. Principal Residence mortgages dominate, peaking in 2020 and 2021 with over 1,400 mortgages each year, but showing a significant drop to around 823 in 2022. Investment Property mortgages, while much smaller in number, display mild fluctuations, hovering between 30 to 66 annually. Second Residence mortgages remain minimal throughout, rarely exceeding single digits. Such trends can indicate changing economic conditions, shifts in homebuying priorities, or evolving market opportunities. For investors and real estate agents, understanding these patterns could help navigate potential risks and opportunities, while appraisers and insurance agents might use this data to better calibrate property values and premiums.
Economic Outlook
Madison County, Nebraska, has seen a consistent rise in the average taxable income per tax return over the past nine years, peaking notably in 2021 at $85,611.06. This upward trend could indicate economic growth and rising affluence, presenting potential opportunities for investors and real estate developers. The county's average state and local income taxes per tax return have also increased, reaching $9,413.33 in 2021, hinting at either a growing tax base or policy changes. Additionally,... Read more
Average Taxable Income per Tax Return in Madison County, NE over the last 9 years
Average taxable income per tax return in Madison County, Nebraska, has generally been increasing over the last nine years, with a noticeable surge in 2021 to $85,611.06. Fluctuations were evident, particularly a dip in 2017, but the overall upward trend could signal economic growth and rising affluence in the area. This pattern might present opportunities for investors, real estate agents, and others involved in property development as higher incomes could drive demand for housing and services. The significant jump in the taxable income in 2021 might particularly interest appraisers and insurance agents as it potentially reflects a shift in the economic landscape of the county.
Average State and Local Income Taxes Per Tax Return in Madison County, NE Over the Last 10 Years
Over the past decade, Madison County, Nebraska has seen a generally upward trend in average state and local income taxes per tax return. Starting from $6,444.41 in 2012, the average has risen to $9,413.33 by 2021. Notably, there was a significant jump between 2018 and 2019, with an increase from $8,583.10 to $9,491.30. This steady increase suggests a growing tax base or changes in tax policies, which can be crucial for potential investors and those looking to move or build in the area, offering insights into the economic health and governmental priorities of Madison County.
Average Total Tax Liability Per Tax Return in Madison County, NE Over the Last 10 Years
Madison County, Nebraska, has experienced notable fluctuations in average total tax liability per tax return over the past decade. Ranging from as low as $8,369.10 in 2013 to a peak of $14,585.19 in 2021, these shifts might reflect economic variations and policy changes impacting residents. The significant jump in 2021 suggests a potential area of interest for investors and stakeholders considering local economic conditions and tax environments. Those looking to move to or invest in Madison County should be aware of the volatility in tax liability, which may have implications for financial planning and property investments.
Cost of Living in Madison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,203 | $1,424 | $2,140 | $1,271 | $1,268 |
| 1 adult 4 children | $1,203 | $1,163 | $1,638 | $1,271 | $1,394 |
| 2 adults 3 children | $1,203 | $1,163 | $1,856 | $1,271 | $1,018 |
| 1 adult 3 children | $1,203 | $949 | $1,354 | $1,271 | $1,120 |
| 2 adults 2 children | $885 | $952 | $1,571 | $1,105 | $818 |
| 1 adult 2 children | $885 | $711 | $1,070 | $1,105 | $781 |
| 2 adults 1 child | $885 | $752 | $1,287 | $564 | $740 |
| 1 adult 1 child | $885 | $486 | $786 | $564 | $602 |
| 2 adults | $672 | $604 | $1,003 | $0 | $588 |
| 1 adult | $592 | $330 | $502 | $0 | $504 |
Safety trends & Data
Madison County, Nebraska has seen fluctuating property crime trends over the past five years. Larceny-theft peaked at 235.0 incidents in 2018 but dropped to 56.0 by 2021, rising again to 75.0 in 2022. Vandalism slightly increased from 38.0 incidents in 2018 to 59.0 in 2021, stabilizing at 56.0 in 2022. Burglary saw a significant drop from a peak of 13.0 incidents in 2019 to just 2.0 by 2022. Motor vehicle theft increased from 5.0 in 2018 to 14.0 in 2020, suggesting a potential risk for car... Read more
Property Crime Trends in Madison County, NE Over the Last 5 Years
Property crime trends in Madison County, Nebraska have shown interesting patterns over the last five years. Larceny-Theft, the most prevalent crime, peaked at 235.0 incidents in 2018 but dipped significantly to 56.0 by 2021 before rising again to 75.0 in 2022. Vandalism incidents have gradually increased from 38.0 in 2018 to 59.0 in 2021, slightly stabilizing at 56.0 in 2022. Burglary peaked in 2019 at 13.0 incidents but dropped to just 2.0 by 2022. Motor Vehicle Theft, interestingly, saw an uptick from 5.0 in 2018 to 14.0 in 2020, showing a potential risk for car owners. Overall, fluctuating crime rates suggest varying security levels, making it crucial for investors and residents to stay informed about these shifts.
Demographics
Madison County, Nebraska, exhibits a slightly higher number of females (12,660) compared to males (12,512). The area's educational attainment varies widely, with a significant proportion of residents holding a high school diploma or some college experience, while fewer have advanced degrees. Age-wise, the county has a relatively balanced spread across different age brackets, though there's a noticeable concentration of older adults (55+ years). Racially, the population is predominantly White,... Read more
Race Distribution in Madison County, Nebraska (2022)
Educational Attainment in Madison County, Nebraska (2022)
Age Distribution in Madison County, Nebraska
Citizen Population in Madison County, Nebraska (2022)
Political Trends & Data
Madison County, Nebraska likely exhibits strong conservative leanings, with about 76% of the 2020 U.S. Presidential Election votes going to the Republican Party and only around 22% favoring the Democratic Party. Such a pronounced GOP majority potentially reflects local preferences that could influence various sectors, including real estate, given the possible emphasis on property rights and limited regulatory... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Madison County, Nebraska, the 2020 U.S. Presidential Election results show a significant tilt towards the Republican Party, which likely received around 76% of the vote. Democrats, in contrast, garnered approximately 22%, while the Libertarian Party possibly managed just over 2%. The apparent dominance of Republican support may suggest enduring conservative values or voter priorities within the county.
75.74% of voters voted for the Republican party in the 2020 Presidential Election
22.06% of voters voted for the Democrat party in the 2020 Presidential Election
2.20% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Madison County, Nebraska has maintained a low student-to-teacher ratio, consistently hovering between twelve and thirteen students per teacher over the past decade, below the national average of fourteen. Peaks observed in 2018 and 2020 suggest temporary increases in class size, but recent years indicate a return to more manageable ratios around twelve. This trend hints at a resilient educational system likely capable of offering personalized instruction, making it potentially appealing for... Read more
Student-to-teacher ratio in Madison County, Nebraska over the last 10 years
Over the past decade, Madison County, Nebraska has maintained a student-to-teacher ratio consistently below the national average of fourteen students per teacher. Ratios fluctuating between approximately twelve and thirteen students per teacher suggest a favorable environment for individual attention in classrooms. Peaks in 2018 and 2020 hint at temporary increases in class size, but recent years show a return to more manageable ratios around twelve students per teacher. For investors, real estate agents, and those relocating, these numbers possibly indicate a resilient educational system capable of providing personalized instruction.
