Thayer County Real Estate and Livability Trends
Thayer County, Nebraska’s real estate market is on the rise with the median home value peaking at $91,600 in 2022, up from $64,700 in 2015, although still below state and national averages. Interestingly, a significant drop in state and local income taxes to as low as $7,172.73 in 2018 may have influenced property investments. Real estate taxes saw notable fluctuations, especially a spike to... Read more
Thayer County Market Trends
Thayer County, Nebraska has experienced a notable rise in home values, with the median value peaking at $91,600 in 2022, up from $64,700 in 2015. Although this increase remains considerably lower than both the state and national averages, it indicates a potentially appreciating market. Real estate taxes have also shown significant fluctuations, particularly with a spike to nearly $3,000.00 in... Read more
Median Value of Occupied Housing Units in Thayer County, Nebraska Over the Last 8 Years
Thayer County, Nebraska has witnessed an upward trajectory in median home values over the past eight years, notably peaking at $91,600 in 2022, up from $64,700 in 2015. This local increase, while significant, still falls markedly below both the state average for Nebraska and the national average, with Nebraska's median home value reaching $205,600 in 2022 and the national median hitting $179,400 the same year. For those interested in investing or relocating, Thayer County presents a comparatively affordable option within the state, although the demand and growth trends indicate a potentially appreciating market.
Residential Energy Tax Credit Per Tax Return in Thayer County, NE Over the Last 6 Years
Thayer County, Nebraska, shows fluctuating trends in the average residential energy tax credit per tax return over the past six years. Residents saw a significant peak in 2014 at $660.00, which may suggest an increased uptake or incentive use in that year. However, the credit amount generally ranged from $200.00 to $271.43 in other years, indicating a more stable, but lower level of adoption. For investors, appraisers, and real estate agents, this suggests that while there are periodic spikes in energy-efficiency investments, overall activity seems relatively moderate and consistent, impacting the costs and potential benefits associated with property improvements in this area.
Average Real Estate Taxes Per Tax Return in Thayer County, NE Over the Last 10 Years
Real estate taxes in Thayer County, Nebraska have shown notable variability over the past decade. Starting from $1,948.39 in 2012, there was a moderate increase to $2,012.50 in 2013, followed by occasional fluctuations; however, a significant spike can be observed in 2018 where taxes jumped to $2,312.50 and then soared to just under $3,000.00 in 2019. This elevated level persisted through 2020 and 2021 with taxes at $2,960.00 and $2,780.00 respectively. These trends could indicate rising property values or adjustments in fiscal policies impacting stakeholders such as potential investors, real estate agents, and homeowners.
Percentage of Farm Returns in Thayer County, NE Over the Last 10 Years
In Thayer County, Nebraska, the percentage of farm tax returns over the last decade has generally hovered between 17% to 18%, with a slight dip to around 16% in 2020. Farm tax returns indicate the proportion of taxpayers reporting farm-related income, offering a glimpse into the county’s agricultural backbone. Potential investors and property developers might find this stability reassuring, suggesting a steady agricultural community. For those considering moving to or investing in Thayer County, the consistent farm returns could imply a reliable local economy with deep-rooted ties to farming.
Number of Mortgages by Occupancy Type in Thayer County, NE Over the Last 5 Years in Thayer County
In Thayer County, Nebraska, the number of mortgages for principal residences has shown a significant increase over the last five years, peaking in 2021 with 117 mortgages. Interestingly, investment properties have seen marginal activity, with only a few mortgages each year. Second residences have barely registered, with just a couple of entries in the data. For investors and developers, the clear predominance of principal residence mortgages highlights the potential demand for more residential housing as opposed to investment or vacation properties. This trend could influence appraisors and insurance agents since higher occupancy rates may impact property values and insurance premiums. Real estate agents might focus marketing efforts towards attracting families and individuals moving into the county, while those planning to build would do well to consider constructing principal residences over other types.
Economic Outlook
Thayer County, Nebraska’s real estate market has shown promising signs of recovery in recent years, especially with average taxable incomes rebounding to $69,999.58 in 2021 after dipping to $55,469.46 in 2017. Interestingly, state and local income taxes saw a substantial drop, reaching as low as $7,172.73 in 2018, which may suggest favorable conditions for property investments. Despite a general decline in total tax liability per tax return from $13,069.43 in 2012 to $10,599.47 in 2021, the... Read more
Average Taxable Income per Tax Return in Thayer County, NE over the last 9 years
Thayer County, Nebraska has shown some fluctuations in average taxable income over the past nine years, peaking at $69,999.58 in 2021 after a significant dip to approximately $55,469.46 in 2017. On average, the trends suggest a rebound in recent years, particularly noticeable with the surge in 2020 and 2021. This might imply growing economic stability and potential for investment. For real estate agents, appraisers, and insurers, these trends could indicate a strengthened market, while property developers and those considering relocation might see this as a sign of thriving community potential.
Average State and Local Income Taxes Per Tax Return in Thayer County, NE Over the Last 10 Years
Over the last decade in Thayer County, Nebraska, there's been a noticeable fluctuation in the average state and local income taxes per tax return, starting at $11,082.86 in 2012 and experiencing a peak of $12,305.56 in 2013. This trend then declined, hitting a low of $7,172.73 in 2018, and slightly rebounding to $7,414.29 in 2021. Such shifts potentially reflect changing economic conditions or tax policies that could impact decisions for investors, prospective residents, appraisers, insurance agents, and real estate professionals considering this area.
Average Total Tax Liability Per Tax Return in Thayer County, NE Over the Last 10 Years
Over the last decade, Thayer County, Nebraska has seen a noticeable decline in average tax liability per tax return from $13,069.43 in 2012 to $10,599.47 in 2021. This drop might appeal to potential investors and new residents as indicative of a potentially lower tax burden over time. However, a rise in recent years suggests possible changes in local economic conditions or tax policies, which could impact future financial planning. This information is particularly relevant for appraisers, insurance agents, real estate professionals, and anyone considering building property or moving to Thayer County.
Cost of Living in Thayer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,071 | $1,351 | $2,027 | $1,271 | $1,229 |
| 1 adult 4 children | $1,071 | $1,103 | $1,551 | $1,271 | $1,373 |
| 2 adults 3 children | $1,071 | $1,104 | $1,758 | $1,271 | $989 |
| 1 adult 3 children | $1,071 | $901 | $1,282 | $1,271 | $1,106 |
| 2 adults 2 children | $826 | $904 | $1,490 | $1,105 | $828 |
| 1 adult 2 children | $826 | $675 | $1,014 | $1,105 | $810 |
| 2 adults 1 child | $826 | $714 | $1,221 | $564 | $752 |
| 1 adult 1 child | $826 | $461 | $745 | $564 | $621 |
| 2 adults | $676 | $574 | $952 | $0 | $617 |
| 1 adult | $562 | $313 | $476 | $0 | $522 |
Safety trends & Data
Thayer County, Nebraska, has experienced fluctuating property crime trends over the past five years. Fraud incidents spiked in 2018 with 4 cases, while larceny-theft gradually increased, peaking at 4 occurrences in 2022. Vandalism appeared in 2020, maintaining a steady rate of one incident yearly through 2022. Although motor vehicle theft and stolen property cases remain relatively low, their presence suggests an ongoing concern. These patterns provide essential insights for investors, real... Read more
Property Crime Trends in Thayer County, NE Over the Last 5 Years
Property crime in Thayer County, Nebraska has shown fluctuating trends over the past five years, but certain areas stand out. Fraud saw a spike in 2018 with 4 incidents, a peak in this period. Larceny-theft incidents gradually increased, peaking at 4 occurrences by 2022. Vandalism started appearing in 2020 and maintained consistency with one instance each year through 2022. Motor vehicle theft and cases related to stolen property have been relatively low but present an ongoing concern. These patterns could suggest rising attention to different types of property crimes, insight valuable for investors, real estate agents, and current residents assessing safety and risk factors in the county.
Demographics
Thayer County, Nebraska, shows a predominantly balanced adult population with 1,914 males and 1,921 females. Educational attainment reveals a strong foundation in high school graduation, with 1,170 individuals having completed high school and a substantial number pursuing higher education, yet fewer obtaining graduate or professional degrees. The age distribution illustrates a significant proportion of the population between 55 and 74 years, suggesting a potentially aging community with fewer... Read more
Race Distribution in Thayer County, Nebraska (2022)
Educational Attainment in Thayer County, Nebraska (2022)
Age Distribution in Thayer County, Nebraska
Citizen Population in Thayer County, Nebraska (2022)
Political Trends & Data
In Thayer County, Nebraska, voting patterns in the 2020 U.S. Presidential Election leaned heavily Republican, which might suggest a strong conservative influence in the area. Democrats garnered far fewer votes, with Libertarian support also being notably minimal. This political landscape could potentially shape local policies and community matters, reflecting the prevailing voter sentiments in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Thayer County, Nebraska, voting patterns in the 2020 U.S. Presidential Election seemed to heavily favor the Republican party, which potentially signals a strong conservative presence. Democrats managed a significantly smaller share of the vote, while Libertarian support appeared minimal at best. The data could be indicative of Thayer County's political landscape and prevailing voter sentiments, potentially influencing local policymaking and community issues.
77.45% of voters voted for the Republican party in the 2020 Presidential Election
20.94% of voters voted for the Democrat party in the 2020 Presidential Election
1.61% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Thayer County, Nebraska, reported a student-to-teacher ratio consistently below the national average of 14 students per teacher, ranging from 8 to 10 students over the past decade. This could appeal to families prioritizing personalized education and closer teacher-student interactions. Such an educational environment may influence property values and community dynamics, potentially attracting investors and families considering relocation. Lower ratios can also impact insurance ratings and... Read more
Student-to-teacher ratio in Thayer County, Nebraska over the last 10 years
Thayer County, Nebraska has consistently reported a student-to-teacher ratio below the national average of 14 students per teacher over the last decade. Notably, the ratio fluctuated within the range of 8 to 10 students per teacher, peaking at 10 in 2016 and dipping to a low of around 9 in recent years. These lower ratios may indicate smaller class sizes, which could appeal to families valuing more personalized education and closer teacher-student interactions. Investors, real estate professionals, and those looking to move to the area might find this an attractive feature, potentially influencing property values and community dynamics. Lower student-to-teacher ratios can also impact insurance ratings and enhance school funding opportunities, drawing interest from appraisers and insurance agents alike.
