Merrick County Real Estate and Livability Trends
Merrick County, Nebraska has experienced a significant rise in median home values, jumping from $85,600 in 2015 to $159,300 in 2022, outpacing state and national trends. Real estate taxes per return also increased, reflecting local tax policy changes or property value surges. Farm returns showed moderate stability, with yields consistently between 12.15% and 13.69%. Lower student-to-teacher... Read more
Merrick County Market Trends
Median home values in Merrick County, Nebraska have surged, increasing from $85,600 in 2015 to $159,300 in 2022, outpacing both state and national growth trends. Average residential energy tax credits saw a peak in 2015 at $1,140.00 but dipped to $300.00 by 2019, reflecting inconsistent incentives for energy efficiency investments. Real estate taxes per return also showed an upward trend, rising... Read more
Median Value of Occupied Housing Units in Merrick County, Nebraska Over the Last 8 Years
Over the last 8 years, median home values in Merrick County, Nebraska have experienced a significant increase, jumping from $85,600 in 2015 to $159,300 in 2022. This growth is particularly striking when compared to the state and national trends. While Nebraska's median home value rose from $133,200 to $205,600 in the same period, Merrick County's gains doubled between 2018 and 2022, narrowing the gap. Nationwide, home values increased from $125,500 to $179,400, showing a more steady and less dramatic rise. For potential investors and homebuyers, Merrick County's rapid appreciation might signal a fast-growing market with potentially high returns, though it also suggests higher entry points for new buyers.
Residential Energy Tax Credit Per Tax Return in Merrick County, NE Over the Last 8 Years
Over the past eight years, Merrick County, Nebraska saw fluctuations in the average residential energy tax credit per tax return, peaking in 2015 at $1,140.00. The lowest point came in 2019 at $300.00. These changes hint at varying levels of investment and incentives in energy efficiency, which may interest real estate investors, property developers, and insurers assessing long-term value in the area. The variability might suggest caution for those relying on stable incentives for energy investments.
Average Real Estate Taxes Per Tax Return in Merrick County, NE Over the Last 10 Years
Average real estate taxes per tax return in Merrick County, Nebraska have shown a noticeable upward trend over the past decade, starting at around $2,622.81 in 2012 and reaching $3,663.64 in 2021. While there were some fluctuations, such as the dip to $2,386.54 in 2015 followed by a significant rise to $2,800.00 in 2017, the overall increase reflects a broader trend in local tax policy or shifts in property values. This information could be crucial for potential investors, real estate agents, and current residents as it gives insight into the evolving financial landscape associated with homeownership in the area.
Percentage of Farm Returns in Merrick County, NE Over the Last 10 Years
Farm returns in Merrick County, Nebraska have shown some fluctuation over the last decade, generally hovering around 12.15% to 13.69%. This kind of data might suggest moderate stability in the local agricultural sector, which could be of interest to those looking to invest in or move to the area. Farm tax returns serve as a financial record of income and expenses for farming operations, key for understanding economic viability and property value trends. This information provides a gauge for potential profitability and economic health in Merrick County's farming community.
Number of Mortgages by Occupancy Type in Merrick County, NE Over the Last 5 Years in Merrick County
Merrick County, Nebraska has seen notable shifts in mortgage counts over the last five years, with principal residences dominating the market. Investment properties and second residences have maintained relatively stable but substantially lower numbers. Fluctuations in these figures could be essential for investors, real estate agents, and builders to understand local demand dynamics and risk profiles. Real estate appraisers and insurance agents might also find these trends valuable for assessing property values and insurance needs more accurately.
Economic Outlook
In Merrick County, Nebraska, average taxable income per tax return has seen consistent growth post-2017, peaking at $70,593.21 in 2021. Notably, state and local income taxes per return peaked in 2017 at $11,403.85 but typically ranged $6,000-8,000, with a recent figure of $8,354.55 in 2021. Average total tax liability per return also showed variability, with a surprising spike to $10,913.18 in 2021. This dynamic financial landscape may attract investors but warrants careful consideration due to... Read more
Average Taxable Income per Tax Return in Merrick County, NE over the last 9 years
Merrick County, Nebraska has seen a noteworthy upward trend in average taxable income per tax return over the past nine years, peaking at $70,593.21 in 2021. The most significant growth seems to have occurred post-2017, with average incomes rising consistently. This trend could potentially make Merrick County an attractive option for investors, real estate agents, and those considering relocation due to the possibly growing local economy. However, fluctuations prior to 2017 suggest that while recent growth is promising, historical volatility should be taken into account.
Average State and Local Income Taxes Per Tax Return in Merrick County, NE Over the Last 10 Years
Trends in Merrick County, Nebraska, show fluctuations in average state and local income taxes per tax return over the past decade, with a notable peak in 2017 at $11,403.85, significantly higher than other years. Typical values hover around the $6,000-8,000 range, with the most recent figure in 2021 being $8,354.55. This variability might be of interest to potential investors or residents evaluating the tax landscape, as well as real estate agents and appraisers who need to provide insights on local tax liabilities.
Average Total Tax Liability Per Tax Return in Merrick County, NE Over the Last 10 Years
Over the past decade, Merrick County, Nebraska has seen quite a bit of fluctuation in average total tax liability per tax return. Starting at $7,940.45 in 2012, the liability hit a low of $6,933.96 in 2016 before spiking to a surprising $10,913.18 in 2021. This volatility suggests a dynamic economic environment that could impact financial planning for potential investors and residents. With peaks and valleys in tax liabilities, stakeholders should tread carefully and possibly seek more detailed local insights before making significant financial decisions.
Cost of Living in Merrick County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,126 | $1,383 | $2,150 | $1,644 | $1,468 |
| 1 adult 4 children | $1,126 | $1,130 | $1,655 | $1,644 | $1,632 |
| 2 adults 3 children | $1,126 | $1,130 | $1,861 | $1,644 | $1,206 |
| 1 adult 3 children | $1,126 | $923 | $1,365 | $1,644 | $1,350 |
| 2 adults 2 children | $826 | $925 | $1,571 | $1,424 | $945 |
| 1 adult 2 children | $826 | $691 | $1,075 | $1,424 | $964 |
| 2 adults 1 child | $826 | $731 | $1,281 | $706 | $808 |
| 1 adult 1 child | $826 | $472 | $785 | $706 | $672 |
| 2 adults | $628 | $587 | $991 | $0 | $612 |
| 1 adult | $576 | $320 | $496 | $0 | $531 |
Safety trends & Data
Property crime trends in Merrick County, Nebraska, indicate a fluctuating pattern over the past five years with peaks in offenses like larceny-theft and motor vehicle theft. Notably, 2018 saw the highest occurrence of larceny-theft at 5.00 cases, while subsequent years reflected a varied mix of crimes including burglary, vandalism, and fraud. This unpredictable crime landscape may affect property values and insurance premiums, making it crucial for potential investors, real estate agents, and... Read more
Property Crime Trends in Merrick County, NE Over the Last 5 Years
The property crime trends in Merrick County, Nebraska show a fluctuating pattern over the past five years, with offenses like larceny-theft and motor vehicle theft occasionally peaking. Notably, 2018 had the highest incidence of larceny-theft at 5.00 cases, while the subsequent years saw a more varied distribution of crimes including burglary, vandalism, and fraud. Potential investors, real estate agents, and insurance agents might find this data significant as it suggests a somewhat unpredictable crime landscape that could impact property values and insurance premiums. Moreover, those planning to build or move to the area should be mindful of these trends when considering security measures.
Demographics
Merrick County, Nebraska, exhibits a balanced gender distribution with slightly more females than males. Educational attainment suggests a majority have at least completed high school, with a significant portion having attended some college or holding an associate's degree. Age distribution skews towards older adults, particularly those over 55, indicating potential future demands on healthcare and senior services. Racially, the population is overwhelmingly White, with very few residents... Read more
Race Distribution in Merrick County, Nebraska (2022)
Educational Attainment in Merrick County, Nebraska (2022)
Age Distribution in Merrick County, Nebraska
Citizen Population in Merrick County, Nebraska (2022)
Political Trends & Data
Merrick County, Nebraska's strong Republican leanings—capturing about 80% of the vote in the 2020 Presidential Election—highlight its predominantly conservative stance. This political climate often drives local policies and community priorities, potentially impacting future political campaigns and local initiatives. Community planners and political strategists might find these voting patterns crucial for tailoring their approaches and programs to better align with residents'... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Merrick County, Nebraska saw a clear leaning towards the Republican Party in the 2020 U.S. Presidential Election, with approximately 80% of the vote. Democrats garnered nearly 18%, while the Libertarian Party captured just over 2%. This distribution suggests Merrick County is predominantly conservative, which may influence local policies and community priorities. Understanding such trends can provide valuable insights for future political campaigns and community initiatives.
80.31% of voters voted for the Republican party in the 2020 Presidential Election
17.45% of voters voted for the Democrat party in the 2020 Presidential Election
2.23% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the past ten years, Merrick County, Nebraska has seen its student-to-teacher ratio fluctuate between ten and sixteen students per teacher, which is generally below the national average of fourteen. This may indicate more individualized attention for students, appealing to families prioritizing education quality and potentially boosting demand for nearby housing. Lower ratios could also positively influence property appraisals, given the heightened interest from investors in educational... Read more
Student-to-teacher ratio in Merrick County, Nebraska over the last 10 years
Over the past ten years, Merrick County, Nebraska has experienced fluctuations in its student-to-teacher ratio, oscillating between ten and sixteen students per teacher. These numbers are generally below the national average of fourteen students per teacher, which might imply more individualized attention for students in the county. This trend could be particularly appealing for families prioritizing education quality, investors in educational infrastructure, and real estate agents marketing to families with school-aged children. Lower student-to-teacher ratios can also impact appraisals positively, reflecting higher demand for housing in areas with preferable educational services.
