Rock County Real Estate and Livability Trends
Rock County, Nebraska shows notable economic variability, with taxable income per tax return swinging from $50,059.09 in 2014 to $22,508.70 in 2019, then recovering to $45,498.51 in 2021. Despite median home values peaking at $96,200.00 in 2019 and dropping to $87,300.00 by 2022, the market remains more affordable compared to state and national trends. Real estate taxes have generally climbed,... Read more
Rock County Market Trends
Rock County, Nebraska's median home values have fluctuated over the past eight years, peaking at $96,200.00 in 2019 and dipping to $87,300.00 in 2022, still significantly more affordable than state and national averages. Real estate taxes have generally increased, with a notable jump from $1,533.33 in 2012 to $1,883.33 in 2013, potentially indicating rising property values and demand. Farm tax... Read more
Median Value of Occupied Housing Units in Rock County, Nebraska Over the Last 8 Years
Rock County, Nebraska's median home values have had a bit of a rollercoaster ride over the past eight years, peaking at $96,200 in 2019 and dipping slightly to $87,300 in 2022. Despite these fluctuations, home values in Rock County remain significantly lower than both the state average of $205,600 and the national average of $179,400 in 2022. This could signal a more affordable investment opportunity compared to broader trends, appealing to potential buyers seeking value in a less costly market. The lower entry point might also attract first-time homeowners or those looking to expand their property holdings without breaking the bank.
Average Real Estate Taxes Per Tax Return in Rock County, NE Over the Last 6 Years
In Rock County, Nebraska, the average real estate taxes per tax return have shown a general upward trend over the past six years. Starting from $1,533.33 in 2012, the taxes saw a significant jump to $1,883.33 in 2013, and though there was a slight decline in 2014, they mostly increased, reaching $1,900.00 in 2017. This pattern may indicate a growing demand or increasing property values, which could be a crucial factor for investors, real estate agents, and anyone considering property transactions in the area. Additionally, those who are already living in or looking to insure property in Rock County might want to consider these tax trends in their financial planning.
Percentage of Farm Returns in Rock County, NE Over the Last 10 Years
Rock County, Nebraska has seen some variation in its farm tax returns over the past decade, with percentages generally hovering around 31.34% to 36.76%. Farm tax returns, essentially, are filings that detail the income and expenses from farming activities, often providing insights into the agricultural viability and economic health of the region. For those eyeing investment opportunities or considering property development here, such trends could hint at a relatively stable agricultural sector, though the fluctuations also suggest that returns can be somewhat unpredictable year to year.
Number of Mortgages by Occupancy Type in Rock County, NE Over the Last 5 Years in Rock County
Rock County, Nebraska has seen a consistent rise in the number of mortgages for principal residences over the past five years, peaking at 18 in 2022. Interest in second residences has been minimal, with only one recorded instance in 2018, and investment property mortgages barely registering, with a single case in 2021. This shift towards primary homeownership could indicate a stable or growing local economy, appealing for potential homeowners and investors alike. For real estate agents, appraisers, and insurance agents, understanding this trend helps in assessing market demand, property values, and risk profiles. Additionally, for those considering moving to or investing in the area, the dominant trend towards primary residences might signal a community-oriented environment.
Economic Outlook
Rock County, Nebraska has seen significant variability in average taxable income per tax return, peaking at around $50,059.09 in 2014 and falling to $22,508.70 by 2019 before rebounding to $45,498.51 in 2021. This fluctuation suggests a dynamic economic landscape, urging caution for investors and real estate professionals. State and local income taxes also varied, peaking at $10,550.00 in 2013 and settling at $5,457.14 by 2017, hinting at shifting tax burdens that could impact financial... Read more
Average Taxable Income per Tax Return in Rock County, NE over the last 9 years
Rock County, Nebraska has experienced significant fluctuation in average taxable income per tax return over the past nine years. After peaking at approximately $50,059.09 in 2014, the figure saw a sharp decline, hitting its lowest point at around $22,508.70 in 2019. However, there was a noticeable recovery by 2021, with an average income nearing $45,498.51. Such variability implies a dynamic economic landscape, making caution advisable for potential investors, appraisers, insurance agents, and real estate professionals evaluating the market.
Average State and Local Income Taxes Per Tax Return in Rock County, NE Over the Last 6 Years
In Rock County, Nebraska, state and local income taxes per tax return have fluctuated considerably over the past six years. The figures peaked dramatically in 2013 at $10,550.00 but showed volatility returning to a lower level in 2017 at $5,457.14. This variability can provide a nuanced perspective on the shifting tax burden for individuals and families, which may influence decisions by investors, real estate agents, and those considering relocating to the area. Understanding these trends is key for better financial planning and forecasting property values within the county.
Average Total Tax Liability Per Tax Return in Rock County, NE Over the Last 10 Years
Rock County, Nebraska, has experienced fluctuations in average total tax liability per tax return over the past decade. After peaking at $8,084.00 in 2012, liabilities generally trended downwards, reaching a low of $4,974.51 in 2019. However, there was a significant rebound to $9,052.94 in 2021. This variability may reflect changing economic conditions and fiscal policies, which are important for potential investors, real estate agents, and those considering relocation or new construction projects. The recent surge in 2021 could imply recovering economic activity or shifts in local tax regulations that stakeholders should investigate further.
Cost of Living in Rock County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,118 | $1,436 | $2,140 | $1,271 | $1,377 |
| 1 adult 4 children | $1,118 | $1,172 | $1,638 | $1,271 | $1,525 |
| 2 adults 3 children | $1,118 | $1,173 | $1,856 | $1,271 | $1,116 |
| 1 adult 3 children | $1,118 | $958 | $1,354 | $1,271 | $1,238 |
| 2 adults 2 children | $826 | $960 | $1,571 | $1,105 | $895 |
| 1 adult 2 children | $826 | $717 | $1,070 | $1,105 | $888 |
| 2 adults 1 child | $826 | $759 | $1,287 | $564 | $805 |
| 1 adult 1 child | $826 | $490 | $786 | $564 | $664 |
| 2 adults | $628 | $610 | $1,003 | $0 | $643 |
| 1 adult | $562 | $332 | $502 | $0 | $554 |
Demographics
Rock County, Nebraska's demographic landscape suggests a balanced gender distribution with a slightly higher number of females. The educational attainment shows a notable portion of the population has at least some college education, though high school graduates form the largest group. Age distribution skews older, with significant numbers in the 55-74 age brackets, indicating an aging population. The race distribution is overwhelmingly white, with minimal representation from other racial... Read more
Race Distribution in Rock County, Nebraska (2022)
Educational Attainment in Rock County, Nebraska (2022)
Age Distribution in Rock County, Nebraska
Citizen Population in Rock County, Nebraska (2022)
Political Trends & Data
In Rock County, Nebraska, the 2020 U.S. Presidential Election results revealed a heavily Republican-leaning electorate, with nearly 89% voting for that candidate. Democrats secured about 10%, and Libertarians just over 1.5%, highlighting a pronounced conservative preference and minimal third-party sway. This political landscape might suggest a market more receptive to developers and investments aligned with conservative values, potentially influencing zoning laws, tax incentives, and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Rock County, Nebraska, the 2020 U.S. Presidential Election saw an overwhelming majority leaning Republican, with nearly 89% of the vote. The Democratic party garnered around 10%, suggesting limited but noticeable support. Libertarians trailed with just over 1.5% of the vote, and there was no significant representation from the Green party or other parties. These numbers might indicate a strong conservative base with minimal third-party influence.
88.47% of voters voted for the Republican party in the 2020 Presidential Election
9.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.55% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Rock County, Nebraska has seen its student-to-teacher ratio increase from 7:1 in 2014 to 10:1 in 2023, still remaining well below the national average of 14:1. This trend may benefit families seeking more personalized attention in education, potentially boosting the county's appeal as a residential area. For investors and real estate agents, the lower ratio can enhance the attractiveness of the local market, while appraisers and insurance agents might see a positive impact on property values... Read more
Student-to-teacher ratio in Rock County, Nebraska over the last 10 years
Rock County, Nebraska has seen a gradual increase in its student-to-teacher ratio over the past decade, with notable increments from 7 students per teacher in 2014 to 10 in 2023. With the national average hovering around 14 students per teacher, Rock County maintains a favorable lower ratio, which might suggest more personalized attention for students. This trend could be appealing for families considering moving to the area, as lower student-to-teacher ratios are often associated with better educational outcomes. For investors and real estate agents, this educational factor can enhance the county's attractiveness as a potential residential location. Appraisers and insurance agents should also consider these statistics in their evaluations, as the quality of local schools can significantly impact property values and overall community development.
