Polk County Real Estate and Livability Trends
Polk County, Nebraska's average taxable income has seen a significant rise from $56,166.15 in 2013 to $71,379.30 in 2021, hinting at economic growth that may benefit investors and homebuyers. Median home values have surged from $100,200 in 2017 to $152,700 in 2022, outpacing both state and national averages, indicating a burgeoning real estate market. Real estate taxes have fluctuated, reaching... Read more
Polk County Market Trends
Polk County, Nebraska has experienced a sharp rise in median home values, from $100,200 in 2017 to $152,700 in 2022. This pace outstrips both Nebraska's median value of $205,600 and the national average of $179,400, hinting at an emerging market for real estate investors. Meanwhile, the county's average real estate taxes have fluctuated, dipping to $1,970.27 in 2016 and soaring to $3,750.00 in... Read more
Median Value of Occupied Housing Units in Polk County, Nebraska Over the Last 8 Years
Polk County, Nebraska has seen a dramatic increase in median home values over the past few years, jumping from $100,200 in 2017 to $152,700 in 2022. This upward trend is even more striking compared to national values and the state average, as Polk County's growth rate outpaced the state of Nebraska and the entire country. In contrast, Nebraska's median home values reached $205,600 in 2022, with the national average at $179,400. This trajectory might suggest Polk County as an emerging market for those keen on real estate investment or looking to relocate within Nebraska.
Residential Energy Tax Credit Per Tax Return in Polk County, NE Over the Last 5 Years
Polk County, Nebraska has seen fluctuations in residential energy tax credits over the past five years, with a notable peak in 2016 reaching $550.00 on average per tax return. These changes might reflect varying levels of investment in energy-efficient home upgrades or shifts in state or federal incentives. For potential homeowners, investors, and builders, understanding these trends could provide valuable insights for financial planning and assessing the return on investment in energy-saving improvements.
Average Real Estate Taxes Per Tax Return in Polk County, NE Over the Last 10 Years
Polk County, Nebraska has seen notable fluctuations in average real estate taxes per tax return over the past decade. Starting at $2,300.00 in 2012, taxes dipped to $1,970.27 by 2016 before surging to $3,750.00 in 2021. This might suggest variations in property values or changes in local tax policies. Investors, real estate agents, and appraisers could find this information useful for understanding potential cost implications, while those considering moving or building in Polk County might weigh these trends in their decision-making process.
Percentage of Farm Returns in Polk County, NE Over the Last 10 Years
Over the last decade, Polk County, Nebraska has seen minor fluctuations in farm tax returns, with figures varying from 16.28% to 18.15%. As a measure of agricultural economic activity, these percentages provide insight into trends and health in the local farming sector. Investors and potential residents might find this data useful for understanding long-term stability or shifts in the agricultural economy, which could inform decisions about property investments or business ventures in the region.
Number of Mortgages by Occupancy Type in Polk County, NE Over the Last 5 Years in Polk County
Over the past five years, Polk County, Nebraska has seen a generally steady number of mortgages for investment properties but a marked fluctuation in mortgages for principal residences and second residences. The significant increase in principal residence mortgages in 2021, peaking at 245, might indicate a shift in local real estate demand and residency patterns. Understanding these trends is crucial for investors, as the relative stability of investment property mortgages suggests a consistent market for renting or reselling homes. For appraisers and insurance agents, these occupancy changes can impact property values and insurance risk assessments. Real estate agents and builders might find opportunities or challenges depending on the dominant types of occupancy, which can also influence local policies and community planning.
Economic Outlook
Polk County, Nebraska's average taxable income per tax return moved upward from $56,166.15 in 2013 to $71,379.30 in 2021, suggesting potential growth and prosperity which could benefit investors and homebuyers. Fluctuating average state and local income taxes and total tax liability per tax return—peaking at $8,102.44 in 2017 and hitting lows of $5,377.78 in 2019 and $7,581.25 respectively—highlight shifts in economic conditions and policy changes. Such tax variability could influence... Read more
Average Taxable Income per Tax Return in Polk County, NE over the last 9 years
Polk County, Nebraska has seen a general upward trajectory in the average taxable income per tax return over the past nine years, rising from $56,166.15 in 2013 to $71,379.30 in 2021, despite a slight dip in 2016. This trend may indicate a growing prosperity in the area, which could attract prospective investors and homebuyers looking for a community on the rise. Appraisers and insurance agents might find this increasing income relevant when evaluating property values or assessing risk. Overall, the steady increase reflects a potentially thriving local economy that stakeholders might consider advantageous for long-term planning and development.
Average State and Local Income Taxes Per Tax Return in Polk County, NE Over the Last 10 Years
Polk County, Nebraska has seen fluctuating trends in average state and local income taxes per tax return over the last decade, with peaks in 2013 ($7,515.56) and 2017 ($8,102.44). Significant dips occurred in recent years, particularly in 2019 where the average dropped to $5,377.78. This variability may be of interest to potential investors or real estate agents, as it could reflect changes in local economic conditions or policy shifts. For insurance agents, shifts in tax rates might influence risk assessments and underwriting considerations, impacting overall costs and client pricing. Appraisers could see these shifts as indicators of broader economic trends affecting property values.
Average Total Tax Liability Per Tax Return in Polk County, NE Over the Last 10 Years
Over the past decade in Polk County, Nebraska, the average total tax liability per tax return has shown fluctuations, with a high of $9,690.91 in 2021 and a low of $7,581.25 in 2019. Potential investors and those considering relocation will find these variations useful in assessing the area's fiscal stability. Notably, the significant drop in 2018 and 2019 suggests a period of reduced financial burdens, while peaks in 2017 and 2021 indicate periods of increased tax obligations. This trend could offer insights for appraisers, insurance agents, and real estate professionals evaluating long-term commitments in the region.
Cost of Living in Polk County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,017 | $1,416 | $2,140 | $1,271 | $1,357 |
| 1 adult 4 children | $1,017 | $1,156 | $1,638 | $1,271 | $1,468 |
| 2 adults 3 children | $1,017 | $1,156 | $1,856 | $1,271 | $1,069 |
| 1 adult 3 children | $1,017 | $944 | $1,354 | $1,271 | $1,185 |
| 2 adults 2 children | $826 | $947 | $1,571 | $1,105 | $900 |
| 1 adult 2 children | $826 | $707 | $1,070 | $1,105 | $897 |
| 2 adults 1 child | $826 | $748 | $1,287 | $564 | $812 |
| 1 adult 1 child | $826 | $483 | $786 | $564 | $690 |
| 2 adults | $628 | $601 | $1,003 | $0 | $667 |
| 1 adult | $562 | $328 | $502 | $0 | $559 |
Safety trends & Data
Polk County, Nebraska has experienced minimal property crime over the past two years, with just one fraud case in 2018 and one larceny-theft in 2022. These low levels of property crime might attract potential investors, new residents, real estate agents, and insurers who are looking for areas with reduced crime-related risks. This trend provides a sense of security that could boost the area's appeal for various... Read more
Property Crime Trends in Polk County, NE Over the Last 2 Years
Polk County, Nebraska has seen negligible property crime trends over the last two years, with only one fraud case reported in 2018 and one larceny-theft in 2022. This low incidence of property crimes may be a significant draw for potential investors, new residents, real estate agents, and insurers seeking areas with minimal crime-related risks.
Demographics
Polk County, Nebraska shows a balanced gender distribution with a marginally higher number of females. Educational attainment indicates a significant portion of the population are high school graduates, but fewer have pursued higher education degrees such as a bachelor's or graduate degree. Age-wise, the county has a notable elderly population, particularly those aged 55 and over. Racially, the community is predominantly White with minimal representation from other races. These demographic... Read more
Race Distribution in Polk County, Nebraska (2022)
Educational Attainment in Polk County, Nebraska (2022)
Age Distribution in Polk County, Nebraska
Citizen Population in Polk County, Nebraska (2022)
Political Trends & Data
Polk County, Nebraska, displays a clear Republican preference, with about 79.6% of the votes going to the Republican candidate in the 2020 U.S. Presidential Election. The Democratic candidate garnered roughly 18.4%, while the Libertarian candidate took in around 2%. This suggests a strong conservative leaning, typical of many rural areas in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Polk County, Nebraska, exhibited a dominant Republican preference in the 2020 U.S. Presidential Election, with roughly 79.6% of the vote. The Democratic candidate attracted about 18.4%, and the Libertarian candidate received a minimal share around 2%. This may suggest a strong conservative leaning in the county, possibly reflective of broader rural voting patterns in the state.
79.58% of voters voted for the Republican party in the 2020 Presidential Election
18.41% of voters voted for the Democrat party in the 2020 Presidential Election
2.01% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Polk County, Nebraska, has consistently maintained a student-to-teacher ratio of around 10:1, which is lower than the national average of 14:1. This stability in class size could attract families seeking more individualized attention in education, making the area appealing for investors, builders, insurers, and real estate agents focused on community priorities and quality of... Read more
Student-to-teacher ratio in Polk County, Nebraska over the last 10 years
Polk County, Nebraska has maintained a relatively stable student-to-teacher ratio over the past decade, generally hovering around 10 students per teacher, with minor fluctuations. This consistent ratio is notably lower than the national average of 14 students per teacher, potentially indicating smaller class sizes that could appeal to families prioritizing individualized attention and quality education. This trend might also be of interest to investors or builders looking to understand community priorities, insurers evaluating institutional risks, and real estate agents promoting the area's educational advantages.
