Sherman County Real Estate and Livability Trends
In Sherman County, Nebraska, average taxable incomes surged to $48,275.17 in 2021 from earlier figures generally ranging between $37,000.00 and $44,000.00, signaling potential economic growth. Median home values rose from $86,600 in 2015 to $112,500 in 2022, still lower than state and national medians, suggesting relatively affordable housing. Property and income taxes have shown volatility and... Read more
Sherman County Market Trends
Sherman County, Nebraska's median home values have increased from $86,600 in 2015 to $112,500 in 2022, yet remain lower than state and national medians, hinting at relatively affordable housing options. The average residential energy tax credit also surged, jumping to $725.00 by 2016, possibly reflecting growing investment in energy-efficient homes. Real estate taxes have varied, peaking at... Read more
Median Value of Occupied Housing Units in Sherman County, Nebraska Over the Last 8 Years
Sherman County, Nebraska's median home values have seen a steady increase over the past eight years, climbing from $86,600 in 2015 to $112,500 in 2022. While this growth is noticeable, it's important to highlight that the median home values in Sherman County remain significantly lower than both the state of Nebraska, which saw values rise from $133,200 to $205,600, and the national median, which increased from $125,500 to $179,400 over the same period. This disparity implies that Sherman County may offer more affordable housing options, potentially making it an attractive destination for those looking to invest in property or move to a less expensive area within Nebraska.
Residential Energy Tax Credit Per Tax Return in Sherman County, NE Over the Last 3 Years
Sherman County, Nebraska, has experienced noticeable changes in the average residential energy tax credit per tax return over the past few years. The credit decreased from $250.00 in 2013 to $166.67 in 2014, but then saw a significant increase to $725.00 by 2016. This upward trend in the energy tax credit highlights potential growth in energy-efficient investments within the county, making it a potentially attractive location for new homeowners and real estate investors. This spike may also indicate increased adoption of renewable energy solutions, which could appeal to those interested in sustainable living.
Average Real Estate Taxes Per Tax Return in Sherman County, NE Over the Last 6 Years
Real estate taxes per tax return in Sherman County, Nebraska, have seen fluctuations over the last six years, ranging from a low of $1,807.14 in 2012 to a high of $2,261.54 in 2014. Despite a peak in 2014, there appears to be a general downward trend post-2015, with figures hovering around the $1,900 mark in recent years. This variability in tax amounts might influence investment decisions, property appraisals, and real estate market stability, making it essential for potential investors, buyers, and agents to consider these fluctuations when evaluating the area's economic landscape.
Percentage of Farm Returns in Sherman County, NE Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Sherman County, Nebraska, has shown a slight decline from approximately 29.17% in 2012 to about 25.27% in 2021. The peak was observed in 2014 at nearly 30.50%, but there has been a gradual downward trend since then. Farm tax returns—essentially the filing of taxes based on agricultural income—indicate the viability and growth of farming activities in the area. For investors and potential property developers, these trends may suggest a shift in the economic landscape, possibly towards diversification beyond traditional farming as a primary income source, or changes in farm profitability.
Number of Mortgages by Occupancy Type in Sherman County, NE Over the Last 5 Years in Sherman County
Over the past five years, Sherman County, Nebraska has seen a predominant concentration of mortgages for principal residences, while investment properties and second residences hold significantly lesser shares. A notable trend is the clear reduction in the count of principal residence mortgages from 78 in 2018 to 47 in 2022. This decline may indicate changes in the local labor market or shifts in population dynamics. Conversely, the reduction in investment property mortgages from a peak in 2018 and 2019 could impact local rental market stability and potential investor interest. Changes in occupancy type are crucial for gauging real estate market health, affecting valuations, investment strategies, and policy-making. For insurance agents, appraisers, and realtors, these patterns could influence risk assessments and pricing strategies, while prospective buyers or investors might see opportunities or drawbacks based on the evolving landscape.
Economic Outlook
In Sherman County, Nebraska, average taxable incomes saw a considerable hike in 2021, jumping to $48,275.17 from prior averages mostly between $37,000.00 and $44,000.00. This trend signals potential economic growth that may interest investors and real estate agents. Meanwhile, state and local income taxes per return have been erratic, with notable peaks and troughs, reaching $7,300.00 in 2020. Such fluctuations reflect a dynamic fiscal setting, crucial for appraisers and insurance agents... Read more
Average Taxable Income per Tax Return in Sherman County, NE over the last 9 years
Sherman County, Nebraska has seen some fluctuations in the average taxable income per tax return over the past 9 years, with the most significant increase occurring in 2021 where it jumped to $48,275.17 from a range that mostly stayed between $37,000 and $44,000. This upward trend in the last year might suggest a growing local economy or external factors increasing residents' incomes, which may be of interest to potential investors and real estate agents looking to capitalize on economic growth. Appraisers and insurance agents might also find these trends useful to gauge property values and risk assessments respectively.
Average State and Local Income Taxes Per Tax Return in Sherman County, NE Over the Last 8 Years
Sherman County, Nebraska has seen considerable fluctuation in average state and local income taxes per tax return over the past eight years. For instance, taxes surged from $3,564.29 in 2012 to $5,280.00 in 2013. While 2015 and 2016 maintained a steady range near $5,200.00, a notable dip occurred in 2018 to $3,800.00. Most strikingly, 2020 saw a significant increase to $7,300.00, posing potential implications for those considering investment or relocation. These variations suggest a dynamic fiscal environment, which is pertinent for appraisers, insurance agents, and real estate professionals when assessing the economic landscape of the county.
Average Total Tax Liability Per Tax Return in Sherman County, NE Over the Last 10 Years
The average total tax liability per tax return in Sherman County, Nebraska, has shown notable fluctuations over the past decade. In recent years, there's been a significant increase, peaking at $6,532.71 in 2021, likely indicating shifts in local economic conditions or tax policies. For prospective investors, property developers, real estate agents, and insurance agents, this variability is essential to factor into financial planning and risk assessments. The rising trend in tax liability might suggest increasing property values or incomes, relevant for appraisals and real estate market dynamics.
Cost of Living in Sherman County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,105 | $1,532 | $2,140 | $1,271 | $1,418 |
| 1 adult 4 children | $1,105 | $1,251 | $1,638 | $1,271 | $1,559 |
| 2 adults 3 children | $1,105 | $1,252 | $1,856 | $1,271 | $1,145 |
| 1 adult 3 children | $1,105 | $1,022 | $1,354 | $1,271 | $1,262 |
| 2 adults 2 children | $826 | $1,025 | $1,571 | $1,105 | $916 |
| 1 adult 2 children | $826 | $765 | $1,070 | $1,105 | $906 |
| 2 adults 1 child | $826 | $810 | $1,287 | $564 | $819 |
| 1 adult 1 child | $826 | $523 | $786 | $564 | $670 |
| 2 adults | $628 | $651 | $1,003 | $0 | $652 |
| 1 adult | $562 | $355 | $502 | $0 | $553 |
Safety trends & Data
Sherman County, Nebraska's property crime rates have been somewhat stable over the past few years. Larceny-theft incidents notably increased from one in 2018 to two in 2019, then dropped back to one in 2021, paired with a single report of fraud in 2020. These trends may imply a steady and low crime environment, which could be appealing to potential investors or new residents seeking safety. Real estate professionals might view this stability as a sign of consistent property values, and insurers... Read more
Property Crime Trends in Sherman County, NE Over the Last 4 Years
Sherman County, Nebraska has experienced fluctuating property crime rates over the past four years. Notably, larceny-theft incidents have seen a slight increase, with one reported case in 2018 rising to two in 2019, then returning to one in 2021. There was also a single report of fraud in 2020. This data may suggest a relatively low and somewhat stable crime environment, potentially appealing to prospective investors or residents looking for a safer community. Real estate agents and appraisers might find this trend indicative of stable property values, while insurers might assess risk as moderate.
Demographics
Sherman County, Nebraska's adult population is almost evenly split between males and females, which could indicate a balanced community demographic. The educational attainment reveals that the majority of adults have at least a high school diploma, with notable portions having attended some college or obtained bachelor's and graduate degrees. Age distribution shows a significant presence of middle-aged and senior residents, which might suggest stable family units and potentially a focus on... Read more
Race Distribution in Sherman County, Nebraska (2022)
Educational Attainment in Sherman County, Nebraska (2022)
Age Distribution in Sherman County, Nebraska
Citizen Population in Sherman County, Nebraska (2022)
Political Trends & Data
In Sherman County, Nebraska, the 2020 U.S. Presidential Election results show a significant leaning towards the Republican party, which could imply a strong GOP influence in local real estate trends. The Democratic party garnered a respectable share of votes, although notably smaller. Libertarian candidates received minimal but visible support, hinting at a diverse political presence. This political landscape might influence property values and investment opportunities, reflecting voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sherman County, Nebraska, the 2020 U.S. Presidential Election results appear to lean heavily towards the Republican party, potentially suggesting a strong GOP presence in the region. The Democratic party captured a noteworthy yet comparatively smaller percentage of the votes. Libertarian candidates seemingly attracted a minimal yet noticeable fraction of the electorate, while the Green party, along with other parties, possibly had negligible or no impact. This distribution might provide insight into the county's political landscape and voter priorities.
77.86% of voters voted for the Republican party in the 2020 Presidential Election
20.20% of voters voted for the Democrat party in the 2020 Presidential Election
1.94% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the past decade, Sherman County, Nebraska, has seen a steady drop in its student-to-teacher ratio, going from roughly 10 students per teacher in 2014 to about 8 in 2023. This is well below the national average of 14 students per teacher, hinting at smaller class sizes and likely more personalized attention for students. For those considering moving to the area, these ratios can imply a supportive educational environment, which could be a significant draw for families. Additionally,... Read more
Student-to-teacher ratio in Sherman County, Nebraska over the last 10 years
Over the past decade, Sherman County, Nebraska, has seen a steady decline in its student-to-teacher ratio, dropping from approximately 10 students per teacher in 2014 to around 8 in 2023. This is significantly lower than the current national average of 14 students per teacher, potentially indicating smaller class sizes and more personalized attention for students. For investors, real estate agents, or those considering moving to the area, these lower ratios suggest a supportive educational environment, which might be particularly attractive to families. Appraisers and insurance agents might also note that quality schooling can impact property values and demand in the region.
