Otoe County Real Estate and Livability Trends
Otoe County, Nebraska, shows promising economic growth with average taxable incomes rising from $55,632.71 in 2013 to $74,285.22 in 2021, which could signal greater affluence and investment potential. The median home values have steadily grown, reaching $172,500 in 2022, offering a more affordable option compared to state and national trends. Real estate tax hikes post-2017 emphasize the need for... Read more
Otoe County Market Trends
Otoe County, Nebraska's median home values climbed from $115,800 in 2015 to $172,500 in 2022, indicating steady growth that somewhat mirrors state and national trends, but potentially offers more affordability for buyers. Real estate taxes in the area rose significantly over the past decade, with sharper hikes seen from 2017 onward, a crucial factor for evaluating property investment viability.... Read more
Median Value of Occupied Housing Units in Otoe County, Nebraska Over the Last 8 Years
Otoe County, Nebraska has seen its median home values rise from $115,800 in 2015 to $172,500 in 2022, reflecting a steady upward trajectory. These increases appear slightly lower but generally in line with state-wide trends, where Nebraska experienced growth from $133,200 to $205,600 over the same period. Comparing this to national trends, where median values increased from $125,500 to $179,400, Otoe County offers potentially more stable and affordable investment opportunities. For prospective buyers or investors, this regional growth aligns well with broader market trends, making it a point of interest within the housing market.
Residential Energy Tax Credit Per Tax Return in Otoe County, NE Over the Last 8 Years
In Otoe County, Nebraska, the average residential energy tax credit per tax return has shown considerable fluctuations over the last eight years. Peaks, such as in 2016 ($1,091.67) and 2021 ($647.06), suggest possible incentives or increased investments in energy-efficient upgrades during these years. Meanwhile, lower averages in 2014 ($340.00) and 2020 ($277.78) indicate periods with less financial support or uptake in energy-saving measures. This variability could attract investors or property developers interested in leveraging these credits to enhance the value of residential properties in the area.
Average Real Estate Taxes Per Tax Return in Otoe County, NE Over the Last 10 Years
Otoe County, Nebraska has experienced a notable increase in average real estate taxes per tax return over the past decade, with values climbing from around $3,084.53 in 2012 to approximately $4,496.43 in 2021. This upward trend, with sharper increases observed particularly from 2017 onwards, may signal rising property values or changes in tax rates. Such information could be crucial for potential investors, real estate agents, and homebuyers when evaluating the financial landscape of the area.
Percentage of Farm Returns in Otoe County, NE Over the Last 10 Years
Farm tax return percentages in Otoe County, Nebraska, have generally been decreasing over the last decade. Starting at around 9.08% in 2012, there was a slight upward peak in 2013 reaching 9.24%, followed by a consistent decline to 8.15% by 2021. This trend might be indicative of shifting agricultural economics in the region, which could impact decisions for those considering investment or development on farmland there, potentially signaling reduced profitability or changing land use patterns.
Number of Mortgages by Occupancy Type in Otoe County, NE Over the Last 5 Years in Otoe County
Otoe County, Nebraska shows a consistent trend where principal residences dominate mortgage counts, significantly outnumbering investment properties and second residences. However, there's an observed decline in both investment and second property mortgages in 2022, suggesting shifting market dynamics or possibly economic influences impacting investor confidence. These variations in occupancy types are critical for investors and real estate agents as they signify the area's primary market driver—owner-occupants—which often translates to stable, community-centered housing markets. Appraisers and insurance agents may need to adjust their valuation models accordingly, while developers could see more opportunities in projects targeting principal homebuyers.
Economic Outlook
Otoe County, Nebraska, shows a rising trend in average taxable income per tax return from $55,632.71 in 2013 to $74,285.22 in 2021, suggesting potential economic growth and greater affluence. State and local income taxes have also increased, with average taxes jumping to $8,716.67 in 2021, possibly due to economic conditions or changes in tax policies. These patterns, along with a hike in total tax liabilities peaking at $10,573.47 in 2021, could shape financial planning, investment choices,... Read more
Average Taxable Income per Tax Return in Otoe County, NE over the last 9 years
Otoe County, Nebraska, has seen a generally upward trajectory in average taxable income per tax return over the last nine years, rising from $55,632.71 in 2013 to $74,285.22 in 2021. This consistent increase could suggest economic growth and a potentially more affluent populace, which is of particular interest to investors, real estate agents, and prospective homeowners eyeing stable or appreciating income levels. Financial appraisers and insurance agents might also find these trends indicative of a robust local economy, impacting their valuations and coverage policies.
Average State and Local Income Taxes Per Tax Return in Otoe County, NE Over the Last 10 Years
Over the past decade in Otoe County, Nebraska, average state and local income taxes per tax return have generally trended upward, with some annual fluctuations. Starting at approximately $5612.78 in 2012, there was a notable jump to $6522.09 in 2013, followed by some variability in the succeeding years. The most significant increase appeared in 2021 with average taxes hitting $8716.67, potentially indicating economic growth or changes in tax policies. These trends could be significant for potential investors, new residents, and property developers, as increasing tax rates may influence financial planning, investment decisions, and housing affordability.
Average Total Tax Liability Per Tax Return in Otoe County, NE Over the Last 10 Years
Over the last decade in Otoe County, Nebraska, the average total tax liability per tax return varied significantly, generally showing an upward trend. From a low of $7,971.10 in 2018 to a peak of $10,573.47 in 2021, there is a clear indication of rising tax liabilities, reflecting possible economic growth or changes in tax regulations. This fluctuation might interest potential investors, real estate agents, or residents planning to build property in the area, pointing towards evolving fiscal responsibilities and economic conditions in Otoe County.
Cost of Living in Otoe County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,036 | $1,621 | $2,027 | $1,271 | $1,296 |
| 1 adult 4 children | $1,036 | $1,324 | $1,551 | $1,271 | $1,418 |
| 2 adults 3 children | $1,036 | $1,324 | $1,758 | $1,271 | $1,030 |
| 1 adult 3 children | $1,036 | $1,081 | $1,282 | $1,271 | $1,129 |
| 2 adults 2 children | $828 | $1,084 | $1,490 | $1,105 | $860 |
| 1 adult 2 children | $828 | $810 | $1,014 | $1,105 | $831 |
| 2 adults 1 child | $828 | $857 | $1,221 | $564 | $772 |
| 1 adult 1 child | $828 | $553 | $745 | $564 | $626 |
| 2 adults | $645 | $688 | $952 | $0 | $620 |
| 1 adult | $563 | $375 | $476 | $0 | $523 |
Safety trends & Data
Otoe County, Nebraska has had fluctuating property crime trends over the last five years, with larceny-theft being the most common, hitting a high of 88 incidents in 2018 and dropping to 23 in 2021. Vandalism spikes, like the 13 incidents in 2022, along with varied burglary patterns and consistent motor vehicle thefts, suggest sporadic but targeted crime. These trends are critical for investors, real estate agents, and potential movers in evaluating neighborhood safety and property... Read more
Property Crime Trends in Otoe County, NE Over the Last 5 Years
Otoe County, Nebraska has seen fluctuating property crime trends over the last five years, with larceny-theft consistently being the most common issue, peaking at 88 incidents in 2018 and dropping to 23 in 2021. Vandalism and burglary show varied patterns, with notable spikes in vandalism in 2022 at 13 incidents. There have been relatively low but consistent occurrences of motor vehicle theft, fraud, and incidents involving stolen property, indicating targeted but sporadic property crime. For investors, real estate agents, or those considering a move, understanding these trends can be critical in evaluating neighborhood safety and property values.
Demographics
Otoe County, Nebraska’s adult population shows a nearly even gender split, with a slight female majority. Educational qualifications in the county vary, with most adults holding at least a high school diploma and a considerable number attaining some college education or higher degrees. The age distribution is diverse, although there’s a noteworthy concentration in the 35 to 64-year age range, which could indicate a stable, working-age demographic. Racially, the county predominantly... Read more
Race Distribution in Otoe County, Nebraska (2022)
Educational Attainment in Otoe County, Nebraska (2022)
Age Distribution in Otoe County, Nebraska
Citizen Population in Otoe County, Nebraska (2022)
Political Trends & Data
Otoe County, Nebraska, could be influenced by its political leanings, as evidenced by the 2020 U.S. Presidential Election results where nearly 68% of votes appeared to favor the GOP, while Democrats garnered around 30%. The region's conservative climate might affect property values and local regulations, potentially making it more appealing for buyers with similar political views. Minor parties, including Libertarians, remain on the fringe, collectively capturing just over 2% of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Otoe County, Nebraska, showed a significant lean toward the Republican party in the 2020 U.S. Presidential Election, with nearly 68% of votes potentially favoring the GOP. The Democratic party garnered approximately 30%, indicating a notable but much smaller base. Libertarian votes were a marginal presence at just over 2%, and other minor parties did not appear to make an impact. This distribution possibly reflects the conservative political climate in the area.
67.94% of voters voted for the Republican party in the 2020 Presidential Election
29.95% of voters voted for the Democrat party in the 2020 Presidential Election
2.12% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Otoe County, Nebraska's student-to-teacher ratios have consistently remained around the 11-to-12 range over the past decade, notably lower than the national average of 14. This trend suggests smaller class sizes that might offer personalized attention and potentially better student outcomes, which families interested in quality education may find appealing. Investors and real estate agents could leverage this data as a selling point, while appraisers and insurance agents might see the stable,... Read more
Student-to-teacher ratio in Otoe County, Nebraska over the last 10 years
Otoe County, Nebraska's student-to-teacher ratios have consistently hovered around the 11-to-12 range over the past decade, well below the US national average of 14 students per teacher. This indicates that individuals in the educational sector might find smaller class sizes conducive to personalized attention and potentially improved student outcomes. Investors and real estate agents could view these trends as a selling point for families seeking quality education. Similarly, appraisers and insurance agents might consider the stable, low ratios as a sign of a well-supported, community-focused education system that could enhance property values and market stability.
