Sheridan County Real Estate and Livability Trends
In Sheridan County, Nebraska, average taxable income per tax return rose to $49,565.04 in 2021, indicating economic growth despite some fluctuations. Property values also saw an uptick, with median home values hitting $96,900 in 2022, creating potential affordability advantages compared to state and national averages. Real estate taxes have been variable, reflecting changing economic conditions.... Read more
Sheridan County Market Trends
Sheridan County, Nebraska's median home values have shown a positive trend, peaking at $96,900 in 2022, although still below the state’s $205,600 and the U.S. average of $179,400. This price gap could present more affordable opportunities for buyers compared to broader markets. The area has also experienced fluctuating real estate taxes, ranging from $1,450.00 in 2018 to $2,633.33 in 2019,... Read more
Median Value of Occupied Housing Units in Sheridan County, Nebraska Over the Last 8 Years
Sheridan County, Nebraska has exhibited a dynamic trend in median home values over the past eight years, with a peak in 2022 at $96,900, up from $70,200 in 2015. This increase, while significant, still places the county's median below both state and national levels, with Nebraska reaching $205,600 in 2022 and the U.S. average at $179,400. Potential investors or movers may find this disparity advantageous, presenting opportunities for more affordable property options relative to state and national markets.
Residential Energy Tax Credit Per Tax Return in Sheridan County, NE Over the Last 4 Years
Sheridan County, Nebraska has seen some fluctuations in the average residential energy tax credit per tax return over the past four years. In 2013 and 2015, the average credit was steady at $200.00, whereas 2014 saw an increase to $260.00, suggesting a potential spike in energy-efficient investments or tax policy changes. By 2016, the average credit rose to approximately $266.67, indicating a continuing, if not consistent, upward trend. This could imply an increasingly favorable environment for energy efficiency investments, which may interest property developers, homeowners, and real estate professionals in making strategic decisions.
Average Real Estate Taxes Per Tax Return in Sheridan County, NE Over the Last 10 Years
Real estate taxes per tax return in Sheridan County, Nebraska have shown considerable fluctuation over the past decade, with peaks such as $2,633.33 in 2019 and significant drops like $1,450.00 in 2018. This volatility might be interesting for potential investors and property builders, as it suggests variable economic factors or changes in local fiscal policies. For insurance agents and appraisers, these trends could indicate changing property values and risk assessments. Overall, understanding these shifts can provide a layered perspective for anyone engaged in the real estate market in Sheridan County.
Percentage of Farm Returns in Sheridan County, NE Over the Last 10 Years
Sheridan County, Nebraska has seen relatively stable percentages of farm tax returns over the last decade, generally hovering around the 23% to 24% mark with minor fluctuations. This consistency in farm tax returns might suggest a steady agricultural economy which could be appealing for those considering agricultural investments or moving to a rural setting with predictable farm activity levels. Notably, farm tax returns are vital indicators of the agricultural sector's health, signifying both the number of farm operations and their economic production. For potential investors and residents, this data can hint at the economic stability and viability of farming ventures in the area.
Number of Mortgages by Occupancy Type in Sheridan County, NE Over the Last 5 Years in Sheridan County
Mortgage trends in Sheridan County, Nebraska, show significant year-over-year variations, especially in the principal residence category, which peaked in 2020 with 147 mortgages but dipped to 88 by 2022. Investment property mortgages have seen a more modest increase, rising from 6 in 2018 to 14 in 2022, while second residence numbers have remained relatively flat. These shifts in occupancy types could provide insight into the local real estate market’s overall health and future potential. For potential investors, changes in the types of properties being financed might suggest varying demands on rental markets or the desirability of different housing options. For real estate agents and appraisers, understanding these shifts can inform more accurate property valuations and marketing strategies. Insurance agents might also need to adjust their offerings based on the evolving risk profiles associated with different occupancy types.
Economic Outlook
In Sheridan County, Nebraska, average taxable income per tax return has generally increased over nine years, peaking at $49,565.04 in 2021, despite dips in 2016 and 2017. Fluctuations in state and local income taxes, ranging from $5,575.00 to $7,483.33, and the overall tax liability, which varied significantly, highlight an economic environment with potential growth and nuanced tax implications. These trends could inform those looking to invest, develop, or assess property values, pointing to a... Read more
Average Taxable Income per Tax Return in Sheridan County, NE over the last 9 years
Over the last nine years, the average taxable income per tax return in Sheridan County, Nebraska, has shown notable fluctuations. Starting at $40,272.34 in 2013, there's been a general upward trend, peaking at $49,565.04 in 2021. Despite dips seen in 2016 and 2017, the overall growth reflects a potential increase in high-paying job opportunities or economic development in the area. This could be appealing for those considering investment or property development, as rising incomes might suggest growing market stability and a resident population capable of supporting upper-market ventures. Real estate agents and insurance agents might find this data useful for assessing the risk and value of properties in the region.
Average State and Local Income Taxes Per Tax Return in Sheridan County, NE Over the Last 10 Years
Over the past decade, Sheridan County, Nebraska, has experienced fluctuations in average state and local income taxes per tax return, ranging from $5,575.00 to $7,483.33. Noteworthy trends include a peak around 2015, with a notable dip in 2019. These fluctuations might impact potential investors and real estate professionals as they consider the economic and tax environment of the county. Understanding these shifts could be beneficial for appraisers, insurance agents, and those looking to build or move to the area, offering insight into the tax landscape which plays a role in financial planning and property valuation.
Average Total Tax Liability Per Tax Return in Sheridan County, NE Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Sheridan County, Nebraska, has shown significant fluctuations. After hitting a high of $6,965.06 in 2012, there was a notable drop to $5,823.49 in 2013, and it continued to experience ups and downs. The lowest point was around 2019 at $5,213.13, while 2021 saw a rebound to approximately $6,994.71. These unpredictable trends might influence decisions for investors, insurance agents, and those involved in real estate, as variable tax burdens can impact both the cost of living and the valuation dynamics in the county.
Cost of Living in Sheridan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,022 | $1,379 | $2,648 | $1,271 | $1,466 |
| 1 adult 4 children | $1,022 | $1,126 | $2,031 | $1,271 | $1,578 |
| 2 adults 3 children | $1,022 | $1,127 | $2,295 | $1,271 | $1,180 |
| 1 adult 3 children | $1,022 | $920 | $1,677 | $1,271 | $1,267 |
| 2 adults 2 children | $826 | $922 | $1,941 | $1,105 | $963 |
| 1 adult 2 children | $826 | $689 | $1,324 | $1,105 | $944 |
| 2 adults 1 child | $826 | $729 | $1,588 | $564 | $856 |
| 1 adult 1 child | $826 | $471 | $971 | $564 | $690 |
| 2 adults | $720 | $586 | $1,234 | $0 | $709 |
| 1 adult | $562 | $319 | $617 | $0 | $565 |
Safety trends & Data
Property crime trends in Sheridan County, Nebraska show significant fluctuations that might influence real estate and insurance sectors. Larceny-theft peaked in 2020 with 12 incidents, while vandalism remained a consistent concern with 9 occurrences in both 2021 and 2022. Although arson appeared only once in 2022, burglary and motor vehicle theft have remained relatively low and steady over the past five years. These dynamics could potentially affect market perceptions and investment decisions... Read more
Property Crime Trends in Sheridan County, NE Over the Last 5 Years
Property crime trends in Sheridan County, Nebraska have shown notable fluctuations in recent years, impacting various sectors from real estate to insurance. Larceny-theft incidents saw a peak in 2020 with 12 occurrences but varied year-to-year otherwise, suggesting potential risks for property owners and insurers to consider. Vandalism remained consistently concerning with values reaching as high as 9 in both 2021 and 2022. Arson appeared only once in 2022, while burglary and motor vehicle theft maintained relatively low and steady numbers throughout the last five years. These trends may influence market perceptions and investment decisions in Sheridan County's real estate sector.
Demographics
Sheridan County, Nebraska has a slightly higher female population compared to males. Educational attainment levels indicate a relatively high number of individuals with at least a high school education, although there's a notable drop-off in those holding graduate or professional degrees. Age distribution shows a substantial aging population, with a significant number of residents aged 55 and over. Racially, the county is predominantly White, with notable representations of American Indian and... Read more
Race Distribution in Sheridan County, Nebraska (2022)
Educational Attainment in Sheridan County, Nebraska (2022)
Age Distribution in Sheridan County, Nebraska
Citizen Population in Sheridan County, Nebraska (2022)
Political Trends & Data
In Sheridan County, Nebraska, the 2020 election results showed a pronounced leaning towards the Republican candidate, capturing nearly 86% of the vote. Democrats secured only a bit more than 12%, and Libertarians garnered approximately 1.5%. This dominant Republican support could reflect the county's conservative leanings, which may influence local policy and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sheridan County, Nebraska, the 2020 U.S. Presidential Election results appeared heavily skewed towards the Republican candidate, with nearly 86% of the vote. Democrats managed to secure a little over 12%, while Libertarians hovered around 1.5%. Voters showed minimal to no support for other parties, indicative of a predominantly conservative voter base. This pattern hints at a strong Republican presence in local political sentiment.
85.78% of voters voted for the Republican party in the 2020 Presidential Election
12.72% of voters voted for the Democrat party in the 2020 Presidential Election
1.50% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Sheridan County, Nebraska boasts a consistently low student-to-teacher ratio, ranging between just over ten to nearly twelve students per teacher over the past decade. This is below the national average of fourteen, potentially leading to more individualized attention and better educational outcomes. Such figures could be appealing to families relocating to the area, providing real estate agents and property investors a valuable angle to attract buyers. Appraisers and insurance agents might... Read more
Student-to-teacher ratio in Sheridan County, Nebraska over the last 10 years
Sheridan County, Nebraska has consistently maintained a student-to-teacher ratio below the national average of fourteen, ranging from just over ten to nearly twelve students per teacher over the past ten years. This lower ratio might indicate more individualized attention and potentially better educational outcomes, making it an appealing factor for families considering relocation. For real estate agents and property investors, this could be a valuable selling point. Additionally, appraisers and insurance agents might consider the potential for stable community growth linked to quality education when assessing local property values and risk.
