Morrill County Real Estate and Livability Trends
Morrill County, Nebraska's median home values have risen from $80,600 in 2015 to $107,700 in 2022, staying notably more affordable than the state's $205,600 median. Taxable income rebounded to $58,969.81 in 2021, suggesting a recovery in economic stability. Real estate taxes also peaked at $3,900.00 in 2021, reflective of increasing property values. The student-to-teacher ratio has hovered around... Read more
Morrill County Market Trends
Morrill County, Nebraska has experienced meaningful growth in median home values, climbing from $80,600 in 2015 to $107,700 in 2022, positioning itself as more affordable compared to Nebraska's $205,600 median and the national median of $179,400. Average residential energy tax credits doubled from $166.67 in 2013 to $300.00 in 2016, signaling a local increase in energy-efficient home... Read more
Median Value of Occupied Housing Units in Morrill County, Nebraska Over the Last 8 Years
Over the last eight years, Morrill County, Nebraska has seen consistent growth in median home values, rising from $80,600 in 2015 to $107,700 in 2022. While this growth mirrors the upward trends observed at both the state and national levels, homes in Morrill County remain notably more affordable. In comparison, Nebraska's median home value reached $205,600 in 2022, and the national median value hit an even higher $179,400. For those looking to invest, move, or build property in Morrill County, this suggests potential for continued growth while maintaining a lower cost of entry than broader market expectations.
Residential Energy Tax Credit Per Tax Return in Morrill County, NE Over the Last 2 Years
In Morrill County, Nebraska, there's an observable increase in the average residential energy tax credit per tax return from $166.67 in 2013 to $300.00 in 2016. This uptrend could indicate a heightened investment in energy-efficient home improvements or renewable energy sources in the region. Such changes are likely to appeal to potential homebuyers and real estate investors, as these upgrades often lead to long-term savings on energy bills. Additionally, insurance agents and appraisers might find this trend relevant as it could affect property valuations and risk assessments.
Average Real Estate Taxes Per Tax Return in Morrill County, NE Over the Last 10 Years
Real estate taxes per tax return in Morrill County, Nebraska, have seen a fluctuation over the past decade. In 2012, the average was $2,552.00, followed by a slight dip in the subsequent years, hitting a low of $2,344.44 in 2014. A gradual increase started in 2016, leading up to a significant jump in 2018 to $3,675.00, peaking at $3,900.00 in 2021. This upward trend suggests increasing property values or changes in tax policy, an important consideration for potential investors, real estate agents, and property developers. Those evaluating property for insurance or appraisal purposes should take note of these rising costs when assessing long-term expenses.
Percentage of Farm Returns in Morrill County, NE Over the Last 10 Years
Farm tax returns in Morrill County, Nebraska, have shown a steady presence over the past decade, with a slight downward trend from 16.44% in 2012 to 14.84% in 2021. This suggests that while farming remains a significant part of the local economy, it may not be growing as rapidly as other sectors. For potential investors or residents, understanding this trend could be crucial, as it underscores the region's gradual shift or diversification in economic activities. If you're thinking about moving or investing in Morrill County, this trend might indicate a need to explore opportunities beyond traditional farming.
Number of Mortgages by Occupancy Type in Morrill County, NE Over the Last 5 Years in Morrill County
Over the past five years, Morrill County in Nebraska has seen a significant increase in the number of mortgages for principal residences, peaking at 119 in 2021. Conversely, mortgages for investment properties and second residences have remained low, typically ranging from 1 to 4 annually. These shifts suggest a growing local housing market primarily driven by owner-occupants rather than investors. For potential buyers and real estate professionals, this trend could indicate stronger community stability and less market volatility, while insurance agents and appraisers might see increased demand for services associated with homeowner policies and valuations. Builders and investors might need to adjust their strategies, possibly focusing more on single-family home developments rather than multifamily or rental properties.
Economic Outlook
Morrill County, Nebraska's average taxable income per tax return peaked at $58,969.81 in 2021 after a dip between 2013 and 2016, indicating a possible rebound in economic stability. State and local income taxes showed a significant rise to $10,968.97 in 2018, suggesting a dynamic fiscal environment. Total tax liability also saw peaks in 2014 at $10,039.63 and in 2018 at $9,514.38, with notable decreases in 2016 and 2020. This volatility highlights economic fluctuations that real estate... Read more
Average Taxable Income per Tax Return in Morrill County, NE over the last 9 years
Morrill County, Nebraska has seen some notable fluctuations in average taxable income per tax return over the past nine years. While there was a dip in income from 2013 to 2016, the trend reversed in recent years, culminating in a high of $58,969.81 in 2021. This variability can be crucial for potential investors, property builders, and real estate professionals, as it offers insight into the economic stability and growth of the area. Understanding these income trends is valuable for appraisals, insurance assessments, and for those considering a move to the county.
Average State and Local Income Taxes Per Tax Return in Morrill County, NE Over the Last 10 Years
Over the past decade, Morrill County, Nebraska has experienced fluctuating average state and local income taxes per tax return, with a notable increase to $10,968.97 in 2018 and $10,360.00 in 2021. This variability may suggest a dynamic economic environment, influencing decisions for potential investors and real estate agents, while factors affecting the tax landscape could be crucial for appraisers and insurance agents.
Average Total Tax Liability Per Tax Return in Morrill County, NE Over the Last 10 Years
Morrill County, Nebraska, has seen noticeable fluctuations in average total tax liability per tax return over the past decade. Significant peaks occurred in 2014 at $10,039.63 and in 2018 at $9,514.38. However, there were also dips, such as in 2016, when the liability fell to $6,758.06, and again in 2020 down to $7,888.67. This volatility may suggest varying local economic conditions, impacting disposable incomes and potentially making property investments a consideration for the financially savvy or risk-averse. Real estate agents, insurance agents, and appraisers should keep these shifts in mind when evaluating the market and advising clients.
Cost of Living in Morrill County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,059 | $1,379 | $2,648 | $1,271 | $1,487 |
| 1 adult 4 children | $1,059 | $1,126 | $2,031 | $1,271 | $1,599 |
| 2 adults 3 children | $1,059 | $1,127 | $2,295 | $1,271 | $1,199 |
| 1 adult 3 children | $1,059 | $920 | $1,677 | $1,271 | $1,287 |
| 2 adults 2 children | $870 | $922 | $1,941 | $1,105 | $979 |
| 1 adult 2 children | $870 | $689 | $1,324 | $1,105 | $964 |
| 2 adults 1 child | $870 | $729 | $1,588 | $564 | $870 |
| 1 adult 1 child | $870 | $471 | $971 | $564 | $702 |
| 2 adults | $662 | $586 | $1,234 | $0 | $686 |
| 1 adult | $592 | $319 | $617 | $0 | $569 |
Safety trends & Data
Morrill County, Nebraska, has seen fluctuating property crime trends over the past five years, with larceny-theft peaking at 4.0 cases in 2022. Sporadic burglary reports in 2018, 2021, and 2020 highlight inconsistent activity. Minimal but notable fraud and arson cases suggest emerging concerns, while the introduction of stolen property offenses in 2022 points to potential new vulnerabilities. These crime patterns may indicate varying security needs and insurance considerations for prospective... Read more
Property Crime Trends in Morrill County, NE Over the Last 5 Years
Morrill County, Nebraska, has shown fluctuating trends in property crime over the last five years. Larceny-theft remains the most prevalent, seeing a surprising peak at 4.0 cases in 2022 despite a dip in earlier years. Other sporadic occurrences include burglary, with a notable presence in 2018 and again in 2021 and 2020, albeit with varying frequency. Fraud and arson cases have been minimal but notable, indicating emerging concerns. The introduction of stolen property offenses in 2022 adds complexity to the area's crime dynamics, reflecting potential new vulnerabilities. For those considering investment or relocation, these trends might suggest varying security needs and insurance considerations.
Demographics
Morrill County, Nebraska displays an almost even gender split among its adult residents, with a slight male majority. Educational attainment shows most residents holding a high school diploma or some college education, yet there's significant room to boost bachelor's and higher degrees. The age distribution hints at a relatively balanced mix across various age groups, though there is a notable dip in the 20-24 year segment. Racially, the county remains predominantly White, with very small... Read more
Race Distribution in Morrill County, Nebraska (2022)
Educational Attainment in Morrill County, Nebraska (2022)
Age Distribution in Morrill County, Nebraska
Citizen Population in Morrill County, Nebraska (2022)
Political Trends & Data
Morrill County, Nebraska, shows a strong conservative base, with about 83% of the vote going to the Republican party in the 2020 U.S. Presidential Election. Democrats received approximately 15%, and the Libertarian party drew just over 2% of the vote. This political leaning could potentially influence local policies and development trends, making it important for investors to consider the county's strong Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Morrill County in Nebraska leaned heavily Republican in the 2020 U.S. Presidential Election, with about 83% of the vote. Democrats secured roughly 15%, while the Libertarian party garnered just over 2%. No significant support was recorded for the Green party or other candidates. These figures might highlight a strong conservative base in the county.
82.64% of voters voted for the Republican party in the 2020 Presidential Election
15.10% of voters voted for the Democrat party in the 2020 Presidential Election
2.27% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Morrill County, Nebraska, the student-to-teacher ratio has generally stayed below the national average of fourteen students per teacher, sometimes dipping to around eight students per teacher between 2017 and 2018. Recently, it has hovered closer to twelve students per teacher. This lower ratio could appeal to families seeking more personalized attention for their children, making it a standout feature for real estate agents, investors, and communities prioritizing education quality.... Read more
Student-to-teacher ratio in Morrill County, Nebraska over the last 10 years
Over the last decade, Morrill County, Nebraska has generally seen student-to-teacher ratios below the national average of fourteen students per teacher. Notably, between 2017 and 2018, the ratio dropped significantly, reaching as low as around eight students per teacher, which could suggest smaller class sizes during those years. While the ratio has fluctuated, it has trended closer to twelve students per teacher in more recent years, such as in 2023. For families considering moving to Morrill County, lower student-to-teacher ratios could be appealing, suggesting more personalized attention for students. For real estate agents and investors, this aspect of the local education system could be a strong selling point for attracting new residents. Additionally, appraisers and insurance agents might view stable or declining student-to-teacher ratios as indicators of potentially positive community engagement and investment in local education infrastructure.
