Richardson County Real Estate and Livability Trends
Richardson County, Nebraska's real estate market is experiencing notable shifts, with median home values rising from $66,800 in 2018 to $89,500 in 2022. This uptick, paired with increasing property taxes ($2,671.43 in 2021), suggests economic growth, although energy tax credits have fluctuated. A significant drop in property crime and a stable agricultural sector further bolster the county's... Read more
Richardson County Market Trends
Richardson County, Nebraska is witnessing rising median home values, up from $66,800 in 2018 to $89,500 in 2022, highlighting growing economic interest in the area despite remaining below state and national medians. The instability in residential energy tax credits, peaking at $1,400.00 in 2016 before dropping to $333.33 in 2020, may reflect changes in incentives or upgrades in energy efficiency.... Read more
Median Value of Occupied Housing Units in Richardson County, Nebraska Over the Last 8 Years
Richardson County, Nebraska has shown an upward trend in median home values, jumping from $66,800 in 2018 to $89,500 in 2022, which suggests increasing interest and potential economic growth in the area. While still below the state median of $205,600 and the national median of $179,400 in 2022, Richardson County's growth rate seems strong. This could make Richardson County an appealing area for investors seeking relatively affordable properties with room for appreciation, as well as for those considering relocation to a growing, yet reasonably priced community. Moreover, the higher recent values could hint at improving local amenities or infrastructure over the past few years.
Residential Energy Tax Credit Per Tax Return in Richardson County, NE Over the Last 7 Years
Richardson County, Nebraska has seen fluctuations in the average residential energy tax credit per return over the past seven years. The tax credit reached a high point of approximately $1,400.00 in 2016, while 2020 saw a steep drop to around $333.33. However, there's a slight uptick in 2021 to about $400.00. Such variability in tax credits could imply shifting incentives or changes in energy-efficient upgrades among residents, which might interest those looking to invest in energy-efficient properties or industries related to sustainable home improvements.
Average Real Estate Taxes Per Tax Return in Richardson County, NE Over the Last 10 Years
Over the last decade in Richardson County, Nebraska, the average real estate taxes per tax return have generally been rising, peaking at $2,671.43 in 2021. A notable dip occurred in 2020, down to $2,237.50, which could indicate some economic or legislative influences. This upward trend in property taxes suggests increasing property values or changes in tax policies, making it essential for investors, homeowners, and real estate professionals to consider these factors when evaluating the long-term financial impact of real estate in the area.
Percentage of Farm Returns in Richardson County, NE Over the Last 10 Years
Richardson County, Nebraska's farm tax returns have relatively hovered around 13.1% to 14.2% over the past decade, showing some variability but no drastic shifts. This data could suggest a consistent level of agricultural activity and land use in the county, which might be a key consideration for investors and developers aiming to engage in or support agricultural enterprises. The steadiness will likely appeal to those seeking stable investment opportunities or residents considering a move involved with farmland. A slight uptick in 2018 reaching approximately 14.21% may imply a short-term growth trend worth monitoring. In the context, farm tax returns refer to the percentage of total tax filings in the county that are attributed to farm businesses, reflecting the economic reliance and contribution of the agricultural sector to the overall local economy.
Number of Mortgages by Occupancy Type in Richardson County, NE Over the Last 5 Years in Richardson County
Over the last five years, Richardson County, Nebraska has seen a fluctuating number of mortgage counts, particularly notable in primary residences. Trends indicate higher mortgage counts for principal residences in 2021 compared to previous years, peaking at 311. Investment properties and second residences have maintained relatively stable, though modest, numbers, with occasional variations. Such changes in occupancy types can influence market dynamics, impacting decisions for investors, appraisers, insurance agents, and real estate professionals. A spike in principal residence mortgages might suggest increased population growth or a shift towards homeownership, which could drive demand for services and neighborhood development.
Economic Outlook
In Richardson County, Nebraska, the average taxable income per tax return has seen a general upward trend over the last nine years, climbing from around $50,598.94 in 2013 to $62,890.33 in 2021. This may suggest growing economic strength and could be a draw for new investments and property developments. State and local income taxes per tax return have mostly trended upwards as well, with some fluctuations, peaking at $8,144.44 in 2020, indicating changing tax policies or income levels. Such... Read more
Average Taxable Income per Tax Return in Richardson County, NE over the last 9 years
Richardson County, Nebraska has seen a general upward trend in average taxable income per tax return over the last nine years, with figures rising from approximately $50,598.94 in 2013 to about $62,890.33 in 2021. This increase could indicate economic growth and a stronger financial base in the area, making it potentially attractive for new investments, property developments, and real estate activities. Such growth might also influence changes in property valuations and insurance assessments, reflecting an increasingly prosperous community.
Average State and Local Income Taxes Per Tax Return in Richardson County, NE Over the Last 10 Years
Over the past decade, state and local income taxes per tax return in Richardson County, Nebraska have shown some fluctuation but generally trend upwards. In 2012, the average tax was $6,590.00, peaking in 2020 at $8,144.44. The variations could signal changes in local economic conditions, tax policies, or income levels, which might be important for investors and property developers looking for tax-efficient locations. Appraisers and insurance agents might also find these trends relevant when assessing property values and risk assessments, while real estate professionals could use this information to advise clients on potential tax liabilities.
Average Total Tax Liability Per Tax Return in Richardson County, NE Over the Last 10 Years
Richardson County, Nebraska has seen fluctuating average total tax liabilities per tax return over the last decade, with notable peaks around $8,624.39 in 2021 and $8,073.83 in 2013. Despite some lower dips, particularly around $6,659.92 in 2019, the general trend indicates a variable tax landscape. For investors, potential residents, and real estate agents, this variability could suggest a dynamic economic environment, possibly tied to local economic shifts or policy changes impacting overall financial commitments.
Cost of Living in Richardson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,371 | $2,027 | $1,271 | $1,183 |
| 1 adult 4 children | $1,005 | $1,120 | $1,551 | $1,271 | $1,315 |
| 2 adults 3 children | $1,005 | $1,120 | $1,758 | $1,271 | $943 |
| 1 adult 3 children | $1,005 | $915 | $1,282 | $1,271 | $1,048 |
| 2 adults 2 children | $826 | $917 | $1,490 | $1,105 | $817 |
| 1 adult 2 children | $826 | $685 | $1,014 | $1,105 | $792 |
| 2 adults 1 child | $826 | $725 | $1,221 | $564 | $741 |
| 1 adult 1 child | $826 | $468 | $745 | $564 | $607 |
| 2 adults | $628 | $582 | $952 | $0 | $591 |
| 1 adult | $562 | $318 | $476 | $0 | $510 |
Safety trends & Data
Richardson County, Nebraska has seen a considerable drop in property crime over the last five years. Larceny-theft cases fell from 28.00 in 2018 to just 5.00 by 2022, and burglary incidents decreased from 8.00 to 2.00 within the same timeframe. Motor vehicle theft stayed low while vandalism fluctuated but ultimately declined to 1.00 incident. This downward trend in property crimes might create a more attractive environment for potential investors or new... Read more
Property Crime Trends in Richardson County, NE Over the Last 5 Years
Over the past five years in Richardson County, Nebraska, property crime trends reflect a significant decrease. The total number of larceny-theft cases has dropped from 28.00 occurrences in 2018 to just 5.00 in 2022, indicating a steady decline. Burglary incidents also saw a reduction, from 8.00 to 2.00 over the same period. While motor vehicle theft has remained relatively low, vandalism displayed a fluctuating pattern but ultimately decreased to 1.00 incident by 2022. For those looking to invest, move, or assess property in Richardson County, this downward trend in property crimes could suggest a positive shift in community safety.
Demographics
With a nearly balanced adult population between males and females in Richardson County, Nebraska, the subtle edge of female residents could influence community services and social planning. Educational attainment trends reveal a significant portion holding at least a high school diploma, yet less than a quarter of adults possess a bachelor's or higher degree, potentially impacting local economic development. The age distribution leans toward an older demographic, with considerable populations... Read more
Race Distribution in Richardson County, Nebraska (2022)
Educational Attainment in Richardson County, Nebraska (2022)
Age Distribution in Richardson County, Nebraska
Citizen Population in Richardson County, Nebraska (2022)
Political Trends & Data
Richardson County, Nebraska, indicated a strong Republican tilt in the 2020 U.S. Presidential Election, with Republicans potentially securing nearly 75% of the vote. Democrats possibly garnered around 24%, and the Libertarian party might have received just under 2%. The absence of votes for the Green and other parties underscores a heavy two-party system in this area, possibly mirroring wider political trends across... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Richardson County in Nebraska showed a significant Republican preference in the 2020 U.S. Presidential Election, with Republicans potentially securing nearly 75% of the vote. Democrats possibly garnered around 24%, while the Libertarian party might have received just under 2%. No votes were recorded for the Green party or other parties, indicating a strong two-party dominance in this county. This trend could reflect broader regional political inclinations within Nebraska.
74.48% of voters voted for the Republican party in the 2020 Presidential Election
24.14% of voters voted for the Democrat party in the 2020 Presidential Election
1.38% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Richardson County, Nebraska, has varied from a high of 12 in 2016 to a low of 9 in 2019, with the current ratio around 11. This is generally lower than the national average of 14, potentially offering more individualized attention for students. This data could be appealing to families prioritizing education, making the area attractive for real estate investment and... Read more
Student-to-teacher ratio in Richardson County, Nebraska over the last 10 years
Over the past decade, the student-to-teacher ratio in Richardson County, Nebraska, has fluctuated, ranging from a high of 12 in 2016 to a low of 9 in 2019. Most recently, the ratio stands at around 11, generally lower than the national average of 14. A lower student-to-teacher ratio could signal more individualized attention for students, making the area potentially attractive to families prioritizing education. Investors and real estate agents might find this data useful when promoting properties to prospective buyers, while appraisers and insurance agents could use it to assess community value. Builders might also see this as an opportunity to develop family-centric housing.
