Sioux County Real Estate and Livability Trends
Sioux County, Nebraska's real estate market reveals intriguing economic and housing trends that may influence investment and property development. Over the past decade, average taxable incomes have seen significant volatility, from a peak of $50,163.16 in 2014 to a low of $29,916.98 in 2016, rebounding to $38,051.85 by 2021. This variability in incomes, coupled with fluctuating tax liabilities... Read more
Sioux County Market Trends
The median home value in Sioux County, Nebraska has had an interesting journey over the last eight years, peaking at $157,800 in 2022 despite a dip to $108,800 in 2020. Its 2022 value is still lower than Nebraska's $205,600 and the national median of $179,400, making it an attractive option for those seeking affordable yet appreciating housing in a rural setting. Average real estate taxes have... Read more
Median Value of Occupied Housing Units in Sioux County, Nebraska Over the Last 8 Years
Over the last eight years, the median home value in Sioux County, Nebraska saw a varied trajectory, peaking at $157,800 in 2022. Although it experienced a dip in 2020 to $108,800, it generally followed an upward trend, making it an interesting option for investors considering growth potential. Compared to Nebraska and national figures, Sioux County's 2022 median home value was still lower, with Nebraska at $205,600 and the national median hitting $179,400. This relative affordability might appeal to those looking for cost-effective housing alternatives in a rural setting with significant appreciation potential.
Average Real Estate Taxes Per Tax Return in Sioux County, NE Over the Last 6 Years
Sioux County, Nebraska has seen some fluctuation in average real estate taxes per tax return over the last six years. The value peaked at $1,975.00 in 2015 before dipping slightly to $1,900.00 in 2016 and further to $1,650.00 in 2017. Those looking to invest or move to the area might find this pattern indicative of a relatively stable, though slightly volatile, tax environment. Real estate professionals, appraisors, and insurance agents should note these variations as they might influence property valuation and insurance premium calculations.
Percentage of Farm Returns in Sioux County, NE Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Sioux County, Nebraska has shown subtle fluctuations, ranging approximately between 35.09% and 43.40%. Farm tax returns often serve as an indicator of agricultural activity and economic health in a rural area. While there were some dips, the overall trend suggests fairly consistent agricultural contributions, peaking around 2016 at 43.40%. This consistency can be encouraging for investors, property developers, and potential residents looking for stable agricultural opportunities and economic resilience in the county.
Number of Mortgages by Occupancy Type in Sioux County, NE Over the Last 5 Years in Sioux County
Over the past five years, Sioux County, Nebraska has seen a rising trend in the number of mortgages specifically for principal residences, peaking in 2021 with 21 mortgages. This uptick could indicate a growing confidence in long-term living in the area, which may interest investors and real estate agents looking for stable markets. The occasional mortgages for second residences and investment properties could suggest sporadic interest in vacation homes or rental opportunities, though principal residence mortgages dominate. Understanding these trends helps appraisers and insurance agents better estimate property values and risk, while builders and potential movers can gauge demand for new developments.
Economic Outlook
Sioux County, Nebraska's real estate market reveals interesting economic trends, with average taxable incomes experiencing significant fluctuations over the last nine years—peaking at $50,163.16 in 2014 and dipping to $29,916.98 in 2016. This variability, alongside a recovery to $38,051.85 by 2021, signals economic shifts that could affect investment and property development. Additionally, average state and local income taxes per tax return peaked at $6,250.00 in 2015 before declining to... Read more
Average Taxable Income per Tax Return in Sioux County, NE over the last 9 years
Over the last nine years, Sioux County, Nebraska has experienced notable fluctuations in average taxable income per tax return. The peak occurred in 2014 with an average of $50,163.16, followed by a substantial drop to $29,916.98 in 2016. More recently, there's been a modest recovery, with 2021 showing an average of $38,051.85. These trends suggest varying economic conditions, which may be important for potential investors or those looking to move to the area, indicating both opportunities and risks for financial planning and property development.
Average State and Local Income Taxes Per Tax Return in Sioux County, NE Over the Last 6 Years
In Sioux County, Nebraska, average state and local income taxes per tax return have shown some fluctuation over the past six years, peaking around $6,250.00 in 2015 before a noticeable decline to approximately $5,160.00 in 2017. The overall trend suggests a period of significant increases followed by a moderate decrease. This could influence various financial decisions, from investment strategies to property evaluations, and may be particularly relevant to those in real estate, tax planning, and insurance sectors.
Average Total Tax Liability Per Tax Return in Sioux County, NE Over the Last 10 Years
Over the past decade, Sioux County, Nebraska has experienced fluctuations in average total tax liability per tax return, with notable peaks in 2014 at $7,851.16 and lows in 2019 at $4,585.29. Such variability could indicate economic shifts or changes in local tax policies, which matters for potential investors and real estate stakeholders. This dynamic environment can also impact insurance and appraisal metrics, influencing decision-making for those considering property developments or residential moves in the area.
Cost of Living in Sioux County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,059 | $1,379 | $2,648 | $1,271 | $1,539 |
| 1 adult 4 children | $1,059 | $1,126 | $2,031 | $1,271 | $1,658 |
| 2 adults 3 children | $1,059 | $1,127 | $2,295 | $1,271 | $1,246 |
| 1 adult 3 children | $1,059 | $920 | $1,677 | $1,271 | $1,342 |
| 2 adults 2 children | $826 | $922 | $1,941 | $1,105 | $994 |
| 1 adult 2 children | $826 | $689 | $1,324 | $1,105 | $984 |
| 2 adults 1 child | $826 | $729 | $1,588 | $564 | $883 |
| 1 adult 1 child | $826 | $471 | $971 | $564 | $710 |
| 2 adults | $628 | $586 | $1,234 | $0 | $696 |
| 1 adult | $562 | $319 | $617 | $0 | $576 |
Demographics
In Sioux County, Nebraska, there's a near balance in the adult male and female population, with a slight female majority. Educational attainment varies significantly, with a notably higher number of residents reporting completion of some college or holding a degree than those without a high school diploma. Age distribution data indicates a diverse spread across age groups, with noticeable peaks among young children and residents aged 65-74 years. The racial composition is predominantly White,... Read more
Race Distribution in Sioux County, Nebraska (2022)
Educational Attainment in Sioux County, Nebraska (2022)
Age Distribution in Sioux County, Nebraska
Citizen Population in Sioux County, Nebraska (2022)
Political Trends & Data
In Sioux County, Nebraska, the 2020 U.S. Presidential Election results indicate a strong leaning towards Republican candidates, with nearly 88% of the vote. Democratic support was relatively low, at just under 10%, and the Libertarian party received around 2%. This trend could imply a predominantly conservative voter base, potentially impacting local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sioux County, Nebraska, the 2020 U.S. Presidential Election results show a strong preference for Republican candidates, with nearly 88% of the vote. Democratic support was considerably lower, at just under 10%, while the Libertarian party garnered approximately 2%. This data might suggest a heavily conservative voter base with minimal support for third-party candidates.
88.07% of voters voted for the Republican party in the 2020 Presidential Election
9.88% of voters voted for the Democrat party in the 2020 Presidential Election
2.06% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Sioux County, Nebraska has seen student-to-teacher ratios fluctuating between 4.72 and 5.9 over the past decade, markedly below the national average of 14. These lower ratios hint at smaller classroom sizes, potentially boosting educational outcomes through individualized attention. For investors, builders, and real estate agents, this indicates a strong community focus on education, making the area appealing for families. For appraisers and insurance agents, the quality of local education... Read more
Student-to-teacher ratio in Sioux County, Nebraska over the last 10 years
Sioux County, Nebraska has consistently shown a student-to-teacher ratio well below the national average of 14 students per teacher over the past decade, fluctuating between approximately 4.72 and 5.9. This is indicative of smaller classroom sizes, which could suggest more individualized attention for students, potentially enhancing educational outcomes. For potential investors, builders, real estate agents, and others interested in the area, these ratios might imply a community that values education and offers an appealing environment for families. For appraisers and insurance agents, the quality of local education, suggested by these low ratios, could be a key factor in assessing property values and risk.
