Red Willow County Real Estate and Livability Trends
In Red Willow County, Nebraska, the average taxable income per tax return reached $67,035.61 in 2021, pointing toward a potentially wealthier population and enticing real estate investments. Median home values have surged from $86,100 in 2015 to $144,700 in 2022, making housing more affordable than state and national averages. The county's real estate taxes climbed from $2,362.50 in 2012 to about... Read more
Red Willow County Market Trends
Red Willow County, Nebraska's median home values have risen significantly from $86,100 in 2015 to $144,700 in 2022, making it more affordable than state and national averages. Energy tax credits in the area have fluctuated, impacting property valuations and the viability of eco-friendly upgrades, with a notable peak at $600.00 in 2021. Real estate taxes have steadily increased from approximately... Read more
Median Value of Occupied Housing Units in Red Willow County, Nebraska Over the Last 8 Years
Over the last 8 years, Red Willow County, Nebraska has seen a steady rise in median home values, with a significant jump from $86,100 in 2015 to $144,700 in 2022. This growth rate surpasses Nebraska's overall increase, where the median value grew from $133,200 to $205,600 over the same period. On a national level, the median value climbed from $125,500 to $179,400, indicating that Red Willow County's housing market is more affordable than both state and national averages. Potential investors and homebuyers might find this location appealing due to its comparatively lower home prices coupled with consistent appreciation.
Residential Energy Tax Credit Per Tax Return in Red Willow County, NE Over the Last 8 Years
Residential energy tax credits in Red Willow County, Nebraska, have shown significant fluctuations over the past eight years. Notably, the average credit peaked at $475.00 in 2014 but then saw a marked decline, reaching a low of $166.67 by 2017. Since then, amounts have shown an upward trend, with the highest jump to $600.00 in 2021. This variation can affect property valuations, insurance assessments, and decisions for those considering eco-friendly renovations or new constructions. For investors and real estate agents, understanding this trend could inform the financial viability of energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Red Willow County, NE Over the Last 10 Years
In Red Willow County, Nebraska, there appears to be a notable upward trend in average real estate taxes per tax return over the past decade. Starting from approximately $2,362.50 in 2012, taxes have seen a steady increase, peaking at roughly $3,973.33 by 2021. This gradual rise could indicate escalating property values or changing tax policies, which potential investors, real estate agents, and homeowners might find relevant when considering property investments or relocations in the area. Understanding these tax trends is crucial for budgeting and planning in Red Willow County.
Percentage of Farm Returns in Red Willow County, NE Over the Last 10 Years
Farm tax returns in Red Willow County, Nebraska have seen slight fluctuations over the past decade. Starting at about 8.20% in 2012, they inched up to 8.35% in 2013 and peaked at around 8.43% in 2014. However, they began a gentle decline from 2015, hitting roughly 7.60% by 2021. This might matter to potential investors and residents because farm tax returns generally reflect the economic health and agricultural productivity of the area. A fluctuating yet overall slightly declining trend may suggest shifts in farming viability or economic pressures that could influence property development and investment decisions.
Number of Mortgages by Occupancy Type in Red Willow County, NE Over the Last 5 Years in Red Willow County
Over the last five years, the number of mortgages in Red Willow County, Nebraska has shown significant variations, particularly for principal residences, which peaked in 2020 with 526 mortgages and decreased to 296 by 2022. Investment properties and second residences have relatively stable yet markedly lower counts. These trends can be insightful for investors and real estate agents as shifts in mortgage types could indicate changing market dynamics or population movements, affecting both property values and demand. Appraisers and insurance agents might also find this relevant for understanding risk profiles and valuation consistency within the county. For those looking to move in or build, understanding these fluctuations could be crucial for deciding the right time and type of property to focus on.
Economic Outlook
In Red Willow County, Nebraska, the average taxable income per tax return has been gradually increasing, hitting $67,035.61 in 2021. This upward trend suggests potential for a more affluent population and attractive opportunities for investors and real estate professionals. Despite some fluctuations, state and local income taxes have also risen, reaching about $9,642.86 by 2020, hinting at possible economic growth or higher tax rates. The average total tax liability has seen peaks and troughs,... Read more
Average Taxable Income per Tax Return in Red Willow County, NE over the last 9 years
The average taxable income per tax return in Red Willow County, Nebraska, has generally been on an upward trend over the past nine years, with notable peaks in 2014 and a significant rise to $67,035.61 in 2021. This growth might indicate a potentially more affluent population or increased economic opportunities in the area, factors which could be attractive for investors, real estate agents, and those looking to move to the county. For insurance agents and appraisers, this upward trend in income could also suggest rising property values and potential for higher premiums and appraisals.
Average State and Local Income Taxes Per Tax Return in Red Willow County, NE Over the Last 10 Years
Red Willow County, Nebraska, has shown a fluctuating trend in average state and local income taxes per tax return over the past decade. While the taxes briefly spiked to $8,704.00 in 2013, they dipped to a low of $7,185.92 in 2017 before climbing again, reaching around $9,642.86 by 2020. This variable tax trend may reflect economic changes in the area that could interest investors, real estate agents, and those considering moving there, as these fluctuations impact financial planning and property investments. The recent higher averages suggest a potentially growing economy or increased local tax rates.
Average Total Tax Liability Per Tax Return in Red Willow County, NE Over the Last 10 Years
Over the past decade, Red Willow County, Nebraska has seen significant fluctuations in average total tax liability per tax return, peaking at $10,443.75 in 2021. After a notable dip to $7,365.62 in 2017, there's been a steady climb in the following years. These variations are critical for investors and property builders, as they can impact financial planning and property valuations. For real estate agents and prospective homeowners, understanding these trends could provide insight into the area's economic health and potential growth. Appraisers and insurance agents might consider these fluctuations for risk assessment and premium adjustments.
Cost of Living in Red Willow County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,323 | $2,648 | $1,271 | $1,378 |
| 1 adult 4 children | $1,005 | $1,080 | $2,031 | $1,271 | $1,482 |
| 2 adults 3 children | $1,005 | $1,081 | $2,295 | $1,271 | $1,103 |
| 1 adult 3 children | $1,005 | $882 | $1,677 | $1,271 | $1,180 |
| 2 adults 2 children | $826 | $885 | $1,941 | $1,105 | $918 |
| 1 adult 2 children | $826 | $661 | $1,324 | $1,105 | $884 |
| 2 adults 1 child | $826 | $699 | $1,588 | $564 | $818 |
| 1 adult 1 child | $826 | $452 | $971 | $564 | $656 |
| 2 adults | $669 | $562 | $1,234 | $0 | $662 |
| 1 adult | $562 | $306 | $617 | $0 | $541 |
Safety trends & Data
Over the past five years, Red Willow County, Nebraska has seen fluctuating property crime rates, with larceny-theft peaking at 62 incidents in 2019 and dropping to 15 by 2022. Burglary incidents spiked in 2019 with 12 cases but hit zero by 2021 and 2022. Vandalism remained stable, with a slight uptick to 12 cases in 2022. These trends may impact property values, insurance premiums, and investment decisions, offering key insights for prospective residents and property... Read more
Property Crime Trends in Red Willow County, NE Over the Last 5 Years
Over the past five years, Red Willow County, Nebraska has experienced significant fluctuations in various property crimes. Larceny-theft peaked in 2019 with 62 reported incidents but has since decreased to 15 in 2022. Burglary saw a notable spike in 2019 with 12 cases but trended downward to no reported cases in 2021 and 2022. Vandalism cases have remained relatively stable with a slight increase in 2022 to 12 cases. These trends could inform investors and real estate agents about the potential risks and safety concerns, which might impact property values and insurance premiums in the area. Prospective residents and property developers may find these insights crucial for making informed decisions about their investments or relocation plans.
Demographics
The male-to-female ratio in Red Willow County, Nebraska is nearly balanced, which might suggest a diversified labor force. A relatively high proportion of residents have completed high school or some college, with 2,272 high school graduates and 1,829 having attended some college. An observable age concentration in the 55 to 64 years category may imply a significant segment nearing retirement. The racial composition features a predominantly white population, with minimal representation from... Read more
Race Distribution in Red Willow County, Nebraska (2022)
Educational Attainment in Red Willow County, Nebraska (2022)
Age Distribution in Red Willow County, Nebraska
Citizen Population in Red Willow County, Nebraska (2022)
Political Trends & Data
Red Willow County, Nebraska, shows a distinctly conservative voter base, with around 83% of the 2020 U.S. Presidential Election votes favoring the Republican party. Democrats received close to 15%, and Libertarians just over 2%, indicating limited local support for third-party candidates. This political leaning may influence various aspects of the local real estate market, from policy-driven developments to community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Red Willow County, Nebraska, the 2020 U.S. Presidential Election revealed a strong leaning towards the Republican party, with approximately 83% of the vote. The Democratic party captured nearly 15%, while the Libertarian party garnered just over 2%. This trend may suggest a solidly conservative voter base with limited support for third-party candidates.
83.00% of voters voted for the Republican party in the 2020 Presidential Election
14.88% of voters voted for the Democrat party in the 2020 Presidential Election
2.13% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Red Willow County, Nebraska, has seen its student-to-teacher ratio decrease significantly, dropping from just below the national average of 14 to roughly 9 students per teacher by 2019, and stabilizing around 10 in recent years. This could indicate more personalized attention for students, making the area appealing for families focused on education. Real estate agents and investors might see increased demand for housing in regions with strong school systems, while appraisers and insurance... Read more
Student-to-teacher ratio in Red Willow County, Nebraska over the last 10 years
Red Willow County, Nebraska has experienced some fluctuations in its student-to-teacher ratio over the past decade. Between 2014 and 2018, the ratio hovered just below the national average of 14 students per teacher, with figures ranging from about 12 to just over 13. A significant drop occurred in 2019, bringing the ratio down to roughly 9 students per teacher, which has since stabilized around 10 in subsequent years. These lower ratios hint at potentially more personalized attention for students, making it an appealing region for families prioritizing education. For investors and real estate agents, this could suggest a greater demand for housing in areas with strong school systems. Similarly, appraisers and insurance agents might find increased property values coinciding with these favorable education metrics.
