Nance County Real Estate and Livability Trends
Nance County, Nebraska, has seen a significant rise in average taxable income per tax return, jumping from $37,931.90 in 2013 to about $54,752.87 in 2021, potentially boosting its appeal to investors and homebuyers. Median home values have also surged from $78,400 in 2015 to $108,000 in 2022, while real estate taxes peaked at $2,550.00 in 2021. Mortgage counts for primary residences and... Read more
Nance County Market Trends
Nance County, Nebraska has seen a notable rise in median home values, jumping from $78,400 in 2015 to $108,000 in 2022, reflecting a broader trend seen across the state despite its lower baseline. Real estate taxes have fluctuated, peaking at $2,550.00 in 2021 from $2,150.00 in 2012, hinting at potential changes in property values and tax policies. The percentage of farm tax returns has hovered... Read more
Median Value of Occupied Housing Units in Nance County, Nebraska Over the Last 8 Years
Over the past eight years, Nance County, Nebraska, has seen a significant rise in median home values, climbing from $78,400 in 2015 to $108,000 in 2022. While there were slight fluctuations, the recent jump to $108,000 in 2022 is particularly striking given the county's relatively stable values leading up to that year. In comparison, Nebraska as a whole saw a steady increase over the same period, from $133,200 to $205,600, indicating that Nance County's latest increase aligns with broader state trends, albeit at a lower baseline. Nationally, home values also rose steadily from $125,500 to $179,400, suggesting that Nance County's housing market, while more affordable, is following the upward trend seen both statewide and across the United States. This makes Nance County an intriguing area for those interested in affordable housing with the potential for significant appreciation.
Residential Energy Tax Credit Per Tax Return in Nance County, NE Over the Last 3 Years
Nance County, Nebraska, has experienced noticeable fluctuations in the average residential energy tax credit per tax return over the last three years. Starting from $160.00 in 2013, the credit saw a significant increase to $300.00 in 2014, but then dropped slightly to approximately $266.67 in 2015. These changes suggest variability in energy efficiency investments or available incentives, which could be relevant for potential investors, real estate professionals, and homeowners looking for opportunities to capitalize on energy-saving programs.
Average Real Estate Taxes Per Tax Return in Nance County, NE Over the Last 9 Years
Real estate taxes per tax return in Nance County, Nebraska have shown some noteworthy fluctuations over the past nine years. Starting at $2,150.00 in 2012, there was a general upward trend with peaks and dips, reaching a high of $2,550.00 in 2021. The most significant drop occurred in 2018 with an average of $1,700.00. Through these years, the slight volatility likely reflects changes in property values and local tax policies, important considerations for potential investors, appraisers, and real estate professionals evaluating the market's stability and growth potential.
Percentage of Farm Returns in Nance County, NE Over the Last 10 Years
Nance County, Nebraska has shown fairly stable farm tax return percentages over the last decade, fluctuating around the 21.50% mark with slight annual changes. These farm tax returns, representing the proportion of returns claiming farm income, provide insights into the local agricultural economy's stability. For potential investors or those considering agriculture-related ventures, this consistency might imply a resilient farming community, making it an intriguing option for investment or new ventures. Additionally, those looking to relocate or build in the area might view this stability as a sign of sustainable local economic activity.
Number of Mortgages by Occupancy Type in Nance County, NE Over the Last 5 Years in Nance County
Over the last 5 years in Nance County, Nebraska, mortgage counts for principal residences have significantly increased, peaking at 135 in 2021, which suggests a growing demand for primary homes. Investment property mortgages have remained relatively low yet doubled in 2022 compared to 2018, indicating a possible rising interest in the rental market or long-term property investments. Second residences have a minimal footprint, with a noticeable dip in activity. These shifts in occupancy type could impact property valuations, insurance premiums, and tax revenues, offering pivotal insights for investors, real estate agents, and appraisers looking for emerging trends or shifts in the local market dynamics.
Economic Outlook
Nance County, Nebraska, has seen a general upward trend in average taxable income per tax return over the past nine years, jumping from $37,931.90 in 2013 to about $54,752.87 in 2021. This increase potentially signals positive economic developments, making the area more appealing to investors and homebuyers, and affecting property values. Additionally, the average state and local income taxes per tax return have fluctuated significantly, with higher amounts in years like 2018 and 2021, but much... Read more
Average Taxable Income per Tax Return in Nance County, NE over the last 9 years
Over the past nine years, Nance County, Nebraska has experienced a variable yet generally upward trend in average taxable income per tax return, culminating in a noticeable increase in 2021. Starting at approximately $37,931.90 in 2013, it climbed to around $54,752.87 in 2021. These income trends might point to positive economic developments and could potentially make the area more attractive to investors and homebuyers, affecting property values and insurance rates. Real estate professionals and appraisers may see this as a signal of a strengthening local economy.
Average State and Local Income Taxes Per Tax Return in Nance County, NE Over the Last 10 Years
Over the past decade, Nance County, Nebraska has seen significant fluctuations in average state and local income taxes per tax return. Tax years like 2018 and 2021 show higher amounts at $7,166.67 and $6,266.67 respectively, which might reflect economic shifts or policy changes. Conversely, 2012 and 2019 recorded the lowest taxes at approximately $5,005.26 and $4,000.00 respectively. This variability could influence decisions for potential investors, real estate agents, and those looking to move or build property in the area, as changes in tax burden can impact overall costs and financial planning.
Average Total Tax Liability Per Tax Return in Nance County, NE Over the Last 10 Years
The average total tax liability per tax return in Nance County, Nebraska has seen fluctuations over the past decade, with a notable peak in 2021 at $6,853.91. This suggests potential variability in local economic conditions or tax policy changes. The general trend shows a slight increase in tax liability, which might indicate rising incomes or changes in deductions and credits. This information could be crucial for investors, real estate agents, and individuals considering moving to or investing in properties in Nance County, as it might impact overall cost of living and investment returns.
Cost of Living in Nance County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,059 | $1,416 | $2,140 | $1,271 | $1,294 |
| 1 adult 4 children | $1,059 | $1,156 | $1,638 | $1,271 | $1,430 |
| 2 adults 3 children | $1,059 | $1,156 | $1,856 | $1,271 | $1,039 |
| 1 adult 3 children | $1,059 | $944 | $1,354 | $1,271 | $1,148 |
| 2 adults 2 children | $826 | $947 | $1,571 | $1,105 | $862 |
| 1 adult 2 children | $826 | $707 | $1,070 | $1,105 | $842 |
| 2 adults 1 child | $826 | $748 | $1,287 | $564 | $776 |
| 1 adult 1 child | $826 | $483 | $786 | $564 | $635 |
| 2 adults | $628 | $601 | $1,003 | $0 | $618 |
| 1 adult | $562 | $328 | $502 | $0 | $529 |
Demographics
In 2022, Nance County, Nebraska had a nearly even gender distribution among adults with 1,301 males and 1,302 females. Educational attainment varied significantly, with the highest segment being high school graduates at 800 people. The age distribution showed larger proportions in age groups under ten and between 55 to 64 years, with a noticeable dip in the 20 to 24-year segment. Racially, the county was predominantly White with 3,203 residents, while other races constituted much smaller... Read more
Race Distribution in Nance County, Nebraska (2022)
Educational Attainment in Nance County, Nebraska (2022)
Age Distribution in Nance County, Nebraska
Citizen Population in Nance County, Nebraska (2022)
Political Trends & Data
Nance County, Nebraska, leans heavily Republican in the 2020 U.S. Presidential Election, with about 79% of votes possibly going to the GOP. The Democratic Party barely secured under 20% of the electorate, indicating a largely entrenched Republican base in this rural locale. Libertarian support was minimal, barely hitting 2%, and no significant backing was seen for the Green Party or other candidates. This could reflect a strong preference for conservative policies in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Nance County in Nebraska showed a strong leaning toward the Republican Party in the 2020 U.S. Presidential Election, with almost 79% of votes potentially going to the GOP. The Democratic Party trailed significantly, capturing just under 20% of the vote. Libertarian support was minimal, barely reaching 2%. No notable support appeared for the Green Party or other candidates. This could suggest a deeply entrenched Republican base in this predominantly rural area.
78.61% of voters voted for the Republican party in the 2020 Presidential Election
19.64% of voters voted for the Democrat party in the 2020 Presidential Election
1.75% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Nance County, Nebraska has maintained a student-to-teacher ratio between 10 and 11, notably lower than the national average of 14. This suggests students might receive more individualized attention and support, making it a potentially attractive location for families prioritizing education. For real estate investors and agents, this could be a key factor reflecting a community that values its education system, potentially driving up property values and new resident... Read more
Student-to-teacher ratio in Nance County, Nebraska over the last 10 years
Over the past decade, Nance County, Nebraska has consistently maintained a student-to-teacher ratio hovering between 10 and 11, which remains comfortably below the national average of 14 students per teacher. This more favorable ratio suggests that students in Nance County potentially receive more individualized attention and support compared to many other areas. For families considering a move and prioritizing education, or investors and real estate agents assessing the region's appeal, this lower student-to-teacher ratio could be a significant factor reflecting well on the local educational environment. It may imply a community that values education and supports its school system, potentially impacting property values and the appeal for new residents.
