Thomas County Real Estate and Livability Trends
Thomas County, Nebraska, has seen intriguing income and tax shifts, with the county's total tax liability per return peaking at $9,100.00 in 2014 and recovering to $6,033.33 by 2021. Home values showcased volatility, hitting a high of $152,800 in 2021 before falling to $140,600 in 2022, reflecting broader economic influences. Notably, student-to-teacher ratios in the county are impressively low... Read more
Thomas County Market Trends
Thomas County, Nebraska has shown notable volatility in median home values, rising from $84,300 in 2015 to a peak of $152,800 in 2021, before dropping to $140,600 in 2022. This contrasts with Nebraska and national averages, which have displayed steadier growth. Real estate taxes followed an upward trajectory from $1,400.00 in 2015 to $2,066.67 in 2017, indicating either growing property values or... Read more
Median Value of Occupied Housing Units in Thomas County, Nebraska Over the Last 8 Years
Thomas County, Nebraska has seen an interesting fluctuation in median home values over the past eight years. Starting at a low of $84,300 in 2015, the values peaked to $152,800 in 2021 before dropping to $140,600 in 2022. This dynamic growth diverges from the state of Nebraska and the national trend, where both have experienced more consistent upward trajectories. Nebraska's median home values increased from $133,200 in 2015 to $205,600 in 2022, while the national figures climbed from $125,500 to $179,400 in the same period. These trends might suggest that Thomas County presents both opportunities and risks for investors and homebuyers, potentially offering more significant value swings compared to the steadier state and national markets.
Average Real Estate Taxes Per Tax Return in Thomas County, NE Over the Last 6 Years
Thomas County, Nebraska has seen some variation in average real estate taxes per tax return over the last six years, with a notable increase from $1,400.00 in 2015 to $2,066.67 in 2017. This upward trend could signal growing property values or changing tax rates, which is important for potential investors and homebuyers to consider. For insurance agents and appraisers, these trends might suggest a developing market where higher values and taxes affect premiums and property evaluations. Real estate agents may find that communicating these tax trends is crucial when advising clients on property investments in the area.
Percentage of Farm Returns in Thomas County, NE Over the Last 10 Years
Over the last 10 years, Thomas County, Nebraska, has seen a fluctuating trend in farm tax returns, starting at 38.24% in 2012 and dropping to a low of 24.24% in 2019 before slightly rebounding to 26.47% in 2021. Farm tax returns are an essential indicator as they reflect the financial health and activity of the agricultural sector, which can influence property values, business opportunities, and general community stability. Investors, potential residents, and developers should consider these trends as they may impact the economic landscape and the viability of investments tied to agriculture.
Number of Mortgages by Occupancy Type in Thomas County, NE Over the Last 5 Years in Thomas County
Thomas County, Nebraska has shown an overall higher number of mortgages for principal residences as compared to investment properties over the last five years. The fluctuations in principal residence counts, from a low of 5 in 2020 and 2021 to a high of 20 in 2019, suggest potential volatility or shifts in local living trends. Investment properties, meanwhile, remained consistently lower but saw a relative peak in 2019. Such patterns can influence appraisors' and insurance agents' assessments of risk, while potential investors might take a cautious approach, weighing the stability of returns. Real estate agents and developers could align their strategies with these insights, focusing more on residential development than commercial rental spaces.
Economic Outlook
Thomas County, Nebraska, has experienced significant income and tax fluctuations over the past decade, peaking at $57,068.75 in 2014 before dipping and then gradually recovering to $43,408.82 in 2021. Notably, state and local income taxes also varied, from a low of $3,625.00 in 2012 to a high of $10,600.00 in 2015, potentially indicating changes impacting property values. The county's total tax liability per tax return spiked at $9,100.00 in 2014 and hovered mostly between $4,500.00 and... Read more
Average Taxable Income per Tax Return in Thomas County, NE over the last 9 years
Thomas County, Nebraska, has seen significant fluctuations in average taxable income per tax return over the past decade. After peaking at $57,068.75 in 2014, there was a notable dip, followed by a gradual recovery. From 2018 to 2021, incomes have shown a modest yet consistent upward trend, reaching $43,408.82 in 2021. These trends can be crucial for investors and real estate agents eyeing the area's economic stability and growth potential. Prospective movers and insurance agents may also find the income variations indicative of the region's economic adaptability and resilience.
Average State and Local Income Taxes Per Tax Return in Thomas County, NE Over the Last 6 Years
Over the last six years in Thomas County, Nebraska, average state and local income taxes per tax return have shown considerable fluctuations, ranging from a low of $3,625.00 in 2012 to a high of $10,600.00 in 2015. Investors and property developers could find these shifts relevant for assessing potential changes in the financial landscape. For real estate agents, these tax trends might offer insight into economic conditions that could impact property values. Appraisers and insurance agents could also consider these variations as part of their overall assessment of the area.
Average Total Tax Liability Per Tax Return in Thomas County, NE Over the Last 10 Years
In Thomas County, Nebraska, the average total tax liability per tax return has shown some significant fluctuations over the past decade. Notably, there was a sharp increase in 2014, peaking at $9100.00, followed by another high in 2015 at $8075.00. Despite these spikes, the amounts generally hovered around the $4500.00 to $5500.00 range, except for a rise to $6033.33 in 2021. This variability might imply shifting economic conditions or changes in tax policies, which could be crucial for investors, property developers, and real estate professionals considering this county.
Cost of Living in Thomas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,059 | $1,379 | $2,648 | $1,271 | $1,611 |
| 1 adult 4 children | $1,059 | $1,126 | $2,031 | $1,271 | $1,722 |
| 2 adults 3 children | $1,059 | $1,127 | $2,295 | $1,271 | $1,312 |
| 1 adult 3 children | $1,059 | $920 | $1,677 | $1,271 | $1,420 |
| 2 adults 2 children | $826 | $922 | $1,941 | $1,105 | $1,047 |
| 1 adult 2 children | $826 | $689 | $1,324 | $1,105 | $1,058 |
| 2 adults 1 child | $826 | $729 | $1,588 | $564 | $929 |
| 1 adult 1 child | $826 | $471 | $971 | $564 | $755 |
| 2 adults | $628 | $586 | $1,234 | $0 | $735 |
| 1 adult | $562 | $319 | $617 | $0 | $616 |
Demographics
Thomas County, Nebraska, showcases nuanced demographic patterns. A fairly balanced gender split exists with slightly more females than males. Educational attainment is diverse with a noticeable proportion pursuing higher education, although high school diploma holders and those with some college but no degree also form significant groups. Age-wise, the population seems skewed towards younger adults in the 25-34 age bracket and older adults aged 65-74, possibly indicating a mix of younger... Read more
Race Distribution in Thomas County, Nebraska (2022)
Educational Attainment in Thomas County, Nebraska (2022)
Age Distribution in Thomas County, Nebraska
Citizen Population in Thomas County, Nebraska (2022)
Political Trends & Data
Thomas County, Nebraska, showed a strong conservative tilt in the 2020 U.S. Presidential Election, with the Republican party garnering around 88% of the vote, suggesting a deeply rooted political preference. The Democratic party lagged significantly with just over 10%, and Libertarians barely made a mark at about 1%. This predominant conservative leaning could significantly shape future local and state political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Thomas County, Nebraska, the 2020 U.S. Presidential Election results hinted at an overwhelming preference for the Republican party, capturing around 88% of the vote. The Democratic party trailed significantly, with just over 10%, while the Libertarian presence was minimal at about 1%. These figures suggest a deeply rooted conservative inclination within the county, potentially influencing future local and state political dynamics.
88.29% of voters voted for the Republican party in the 2020 Presidential Election
10.54% of voters voted for the Democrat party in the 2020 Presidential Election
1.17% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Thomas County, Nebraska, consistently hovering around 7 students per teacher, is less than half the US national average of 14. This could be a key attraction for families looking for quality education, potentially increasing property values and appealing to educators who prefer smaller class sizes. Real estate players might find this advantageous but should also consider its impact on school funding and community... Read more
Student-to-teacher ratio in Thomas County, Nebraska over the last 10 years
The student-to-teacher ratio in Thomas County, Nebraska has fluctuated over the past decade, averaging around 7 students per teacher, with a low of about 6.8 in 2014 and a peak of 8.42 in 2015. This is significantly lower than the US national average of 14 students per teacher, suggesting that Thomas County offers much more individualized attention for students. This low ratio could attract families seeking quality education, boost property values, and appeal to educators looking for manageable classroom sizes. However, investors, builders, and real estate agents might also consider the implications of these trends for school funding and local community growth.
