Phelps County Real Estate and Livability Trends
Phelps County, Nebraska has observed a considerable rise in average taxable income per tax return, peaking at around $80,660.41 in 2021, pointing to a potential boost in economic activity. Median home values have increased, reaching $161,300 in 2022, indicating growing property demand but remaining affordable compared to broader state and national trends. Real estate taxes have nearly doubled... Read more
Phelps County Market Trends
Phelps County, Nebraska, has seen its median home values climb from $110,000 in 2015 to $161,300 in 2022. Despite this growth, it still falls short of state and national trends, suggesting a more affordable investment environment. Residential energy tax credits have fluctuated, peaking at $612.50 in 2014 and stabilizing around $500.00, suggesting changing financial incentives for energy-efficient... Read more
Median Value of Occupied Housing Units in Phelps County, Nebraska Over the Last 8 Years
Phelps County, Nebraska has seen its median home values climb from $110,000 in 2015 to $161,300 in 2022. This upward trend is evident, though it lags behind the state levels, which jumped from $133,200 to $205,600 over the same period, and national figures that rose from $125,500 to $179,400. For investors and homeowners, these trends could indicate a relatively stable growth pattern when compared to sharper increases at the state level, potentially presenting a more affordable and less volatile investment environment in Phelps County.
Residential Energy Tax Credit Per Tax Return in Phelps County, NE Over the Last 8 Years
Phelps County, Nebraska has seen fluctuations in residential energy tax credits per tax return over the past eight years. The average tax credit peaked at $612.50 in 2014 before stabilizing around $500.00 in recent years. These variations may suggest changing policies or differing levels of investment in energy-efficient home improvements. This trend is noteworthy for investors and homeowners considering the potential financial incentives available in the area.
Average Real Estate Taxes Per Tax Return in Phelps County, NE Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Phelps County, Nebraska, have shown a general upward trend, starting from $2,696.63 in 2012 and rising to $5,272.22 in 2021. This steady increase reflects a growing demand and a potentially rising valuation in property, which could be indicative of economic development or increased public spending in the area. For investors, homebuyers, real estate professionals, or those looking to build, this trend suggests that property taxes may continue to rise, influencing long-term cost considerations and financial planning.
Percentage of Farm Returns in Phelps County, NE Over the Last 10 Years
Farm tax returns in Phelps County, Nebraska have hovered around the 10% mark over the last decade, reflecting a relatively stable agricultural economy with minor fluctuations annually. Peaks slightly above 10% were seen in several years, including 2016 and 2018, while the lowest point dipped to about 9.58% in 2019. The data may hint at a resilient farming community that potentially makes Phelps County an attractive spot for agricultural investments and developments. Investors, developers, or new residents interested in the agricultural sector might find this consistency reassuring, offering potential stability in an otherwise volatile market.
Number of Mortgages by Occupancy Type in Phelps County, NE Over the Last 5 Years in Phelps County
Over the past five years in Phelps County, Nebraska, principal residence mortgages have consistently dominated the market, peaking at 320 in 2021. Investment property mortgages fluctuated, with a high of 25 in 2018 and a low of 8 in 2020. Second residence mortgages remain negligible but steady. Shifts in occupancy types can signal changing demand, which is crucial for potential investors, developers, and insurers, as this can indicate economic trends, population shifts, and housing market stability. Understanding these dynamics aids in accurate property appraisals and strategic decision-making for real estate professionals.
Economic Outlook
Phelps County, Nebraska has experienced a notable rise in average taxable income per tax return over the past decade, with a significant jump in 2021 to approximately $80,660.41. This upward trend suggests economic growth, making the area potentially attractive for investors and real estate agents. Additionally, state and local income taxes have shown variability, peaking in 2013 and 2021, likely reflecting policy changes or economic factors. Fluctuations in total tax liability, from a low of... Read more
Average Taxable Income per Tax Return in Phelps County, NE over the last 9 years
Phelps County, Nebraska has seen an overall upward trend in average taxable income per tax return over the past nine years, with a notable spike in 2021 reaching approximately $80,660.41. This trend could indicate economic growth and increasing prosperity, making it potentially attractive for investors and real estate agents. For those considering relocation or developing property, the rising incomes suggest a more affluent and possibly stable community, which could reflect positively on housing market dynamics and investment returns. Insurance agents and appraisers might also find the increasing income levels significant when assessing risk and property values in the area.
Average State and Local Income Taxes Per Tax Return in Phelps County, NE Over the Last 10 Years
Over the past decade, Phelps County, Nebraska has seen some variability in state and local income taxes per tax return. Peak values appeared in 2013 at $9,997.85 and again in 2021 at around $11,842.10, which could suggest periodic policy changes or economic factors influencing tax rates. These fluctuations are likely significant for investors, homeowners, and real estate professionals when assessing the financial landscape and potential returns in the area. Insurers and property developers may also find these trends relevant when calculating risk and setting premiums. Such data is crucial for understanding the broader economic climate and its impact on personal finances in Phelps County.
Average Total Tax Liability Per Tax Return in Phelps County, NE Over the Last 10 Years
Phelps County, Nebraska has witnessed a fluctuating trend in average total tax liability per tax return over the last decade, with amounts varying from a low of $8,619.94 in 2018 to a high of $12,809.50 in 2021. After a consistent decline from 2012's $12,123.49 to 2018, the numbers show a pronounced recovery, potentially indicating economic shifts or changes in tax regulation impacting residents. This flux is critical for potential investors and real estate professionals to consider, as tax burden trends can influence property values, insurance costs, and overall economic health in the region.
Cost of Living in Phelps County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,532 | $2,140 | $1,271 | $1,381 |
| 1 adult 4 children | $1,174 | $1,251 | $1,638 | $1,271 | $1,514 |
| 2 adults 3 children | $1,174 | $1,252 | $1,856 | $1,271 | $1,113 |
| 1 adult 3 children | $1,174 | $1,022 | $1,354 | $1,271 | $1,222 |
| 2 adults 2 children | $826 | $1,025 | $1,571 | $1,105 | $868 |
| 1 adult 2 children | $826 | $765 | $1,070 | $1,105 | $841 |
| 2 adults 1 child | $826 | $810 | $1,287 | $564 | $779 |
| 1 adult 1 child | $826 | $523 | $786 | $564 | $632 |
| 2 adults | $731 | $651 | $1,003 | $0 | $655 |
| 1 adult | $562 | $355 | $502 | $0 | $526 |
Safety trends & Data
Phelps County, Nebraska has witnessed some notable fluctuations in property crime over the past five years, with larceny-theft remaining a steady issue, reporting between 6.0 to 7.0 incidents. Burglary incidents have declined from a peak of 2.0 in 2018, suggesting possible improvements in security. Vandalism has shown variability, indicating occasional community disturbances. These trends may be relevant for investors, real estate professionals, and insurance agents assessing property valuation... Read more
Property Crime Trends in Phelps County, NE Over the Last 5 Years
Phelps County, Nebraska has seen relatively low but notable fluctuations in property crime over the past five years. Larceny-theft remains the most persistent issue, with a steady rate ranging from 6.0 to 7.0 reported incidents, signaling a potential area of concern for both residents and law enforcement. On the other hand, incidents of burglary peaked at 2.0 in 2018 but have since declined, indicating improved security measures or other mitigating factors. Vandalism has shown some variability, highlighting potential sporadic community disturbances. These trends are particularly relevant for investors, real estate professionals, and insurance agents considering property valuation and safety metrics in the area.
Demographics
Phelps County, Nebraska, shows a slight gender balance with near-equal numbers of men and women. Educational attainment varies substantially, with the majority of adults holding a high school diploma or some college education, yet a notable number have also graduated from college. Age distribution indicates a relatively balanced population spread across age groups, though there seems to be a higher concentration in the under 10 and 35-64 age ranges. The vast majority of the population... Read more
Race Distribution in Phelps County, Nebraska (2022)
Educational Attainment in Phelps County, Nebraska (2022)
Age Distribution in Phelps County, Nebraska
Citizen Population in Phelps County, Nebraska (2022)
Political Trends & Data
Phelps County, Nebraska leaned strongly Republican in the 2020 U.S. Presidential Election, with about 83% of the votes going to the GOP. The Democratic party received around 15% and the Libertarians about 2%. This suggests a robust Republican preference in rural areas of Nebraska, although external factors could also influence voter behavior... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Phelps County, Nebraska showed a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, capturing around 83% of the votes. The Democratic party received approximately 15%, while the Libertarian party managed to attract nearly 2% of the voters. This trend might indicate a strong Republican preference in rural Nebraska, though other external factors could also contribute to voter behavior in this region.
82.99% of voters voted for the Republican party in the 2020 Presidential Election
15.01% of voters voted for the Democrat party in the 2020 Presidential Election
2.00% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Phelps County, Nebraska has consistently maintained a student-to-teacher ratio close to the national average of fourteen students per teacher over the past decade. This stability, with minor fluctuations peaking at fifteen in 2016 and dipping to lows similar in 2014 and 2023, suggests a reliable educational environment. Such consistency may attract families and educators, providing reassurance for real estate investors and insurers about community stability. A balanced student-to-teacher ratio... Read more
Student-to-teacher ratio in Phelps County, Nebraska over the last 10 years
Over the past decade, Phelps County, Nebraska has generally maintained a student-to-teacher ratio close to the national average of fourteen students per teacher. While there were slight fluctuations, peaking at fifteen in 2016 and reaching lows similar to this in 2014 and 2023, the numbers mostly hover around the mean. This consistent ratio may appeal to families and educators seeking a stable educational environment, and it provides assurance for real estate investors and insurers regarding community stability. Furthermore, a balanced student-to-teacher ratio is often indicative of manageable classroom sizes, which can be a strong selling point for those considering moving to or investing in the area.
