Wayne County Real Estate and Livability Trends
Wayne County, Nebraska, has experienced notable economic growth, with average taxable income per tax return rising from $54,275.00 in 2013 to $70,641.00 in 2021, signaling potential financial stability that could draw real estate investors. The county has seen median home values climb from $116,100 in 2015 to $176,200 in 2022, presenting a more affordable alternative to the wider Nebraska market.... Read more
Wayne County Market Trends
Wayne County, Nebraska's median home values have seen a steady climb from $116,100 in 2015 to $176,200 in 2022, offering a more affordable option compared to the broader Nebraska market, which rose from $133,200 to $205,600. Over the same period, national figures increased from $125,500 to $179,400. Real estate taxes in Wayne County have also spiked from around $2,753.73 in 2012 to approximately... Read more
Median Value of Occupied Housing Units in Wayne County, Nebraska Over the Last 8 Years
Wayne County, Nebraska's median home values have seen a steady climb from $116,100 in 2015 to $176,200 in 2022. This trajectory suggests a strong local real estate market, though it's interesting to see how it compares to Nebraska's statewide figures, which rose from $133,200 to $205,600 over the same period. Nationally, values increased from $125,500 to $179,400. This indicates that Wayne County is slightly below the state and national median values, which could offer opportunities for more affordable investments compared to other markets while still enjoying considerable appreciation.
Residential Energy Tax Credit Per Tax Return in Wayne County, NE Over the Last 7 Years
In Wayne County, Nebraska, the average residential energy tax credit per tax return has shown some volatility over the past 7 years, peaking at $350.00 in 2016 and dipping to as low as $200.00 in 2015. Despite these fluctuations, credits have generally ranged between $233.33 and $275.00. This trend can indicate varying levels of investment in energy-efficient home improvements among homeowners, impacting property values and potential savings on energy costs. This data is particularly valuable for real estate agents, insurance agents, and potential buyers who are considering the energy efficiency profile and associated incentives in the area.
Average Real Estate Taxes Per Tax Return in Wayne County, NE Over the Last 10 Years
Over the past decade, Wayne County, Nebraska has seen a notable uptick in average real estate taxes per tax return, with amounts rising from approximately $2,753.73 in 2012 to around $3,936.36 in 2021. This increase, particularly the sharp rise post-2017, might suggest escalating property values or changes in tax rates. For investors, insurance agents, and real estate agents, this could indicate a trending appreciation in property investments. For potential residents, the rising taxes may signify stronger local services or growing demand for housing. Appraisers and builders might view these trends as a sign of a robust real estate market in the region.
Percentage of Farm Returns in Wayne County, NE Over the Last 10 Years
The percentage of farm tax returns in Wayne County, Nebraska, has shown a gradual decrease over the past decade, starting at 14.59% in 2012 and tapering to 12.71% by 2021. Farm tax returns typically reflect the proportion of tax filings related to farming income, providing insights into the economic activity and sustainability of the agricultural sector. This trend could indicate shifts in agricultural productivity, land use changes, or economic diversification. For potential investors, property developers, or residents, this might suggest a transitioning local economy where farming may be playing a somewhat reduced role over time.
Number of Mortgages by Occupancy Type in Wayne County, NE Over the Last 5 Years in Wayne County
Wayne County, Nebraska has seen fluctuations in mortgage counts over the past five years, with noticeable shifts in the number of principal residence mortgages, peaking at 220 in 2020. Investment properties and second residences remained relatively stable, though their volumes were consistently lower than principal residences. These trends are crucial for investors and potential homeowners, indicating potential saturation points and opportunities for diversification. Real estate agents and appraisers might notice the relative stability in non-principal mortgages, suggesting a persistent but niche market. Similarly, insurance agents could leverage this data to adjust policy offerings tailored to these occupancy trends.
Economic Outlook
Wayne County, Nebraska has experienced a steady rise in average taxable income per tax return, jumping from $54,275.00 in 2013 to $70,641.00 in 2021, with a significant hike between 2020 and 2021. This economic growth potentially signals increased financial stability among residents, which could be promising for real estate investors. The county's average state and local income taxes per tax return also saw peaks, notably hitting $9,861.54 in 2019, hinting at shifts in local economic conditions... Read more
Average Taxable Income per Tax Return in Wayne County, NE over the last 9 years
Average taxable income per tax return in Wayne County, Nebraska has generally trended upwards over the past nine years, rising from approximately $54,275 in 2013 to about $70,641 in 2021. The most noticeable increase occurred between 2020 and 2021. Prospective investors and real estate professionals could find this gradual increase in income levels promising, as it potentially indicates a growing economic base and increased financial stability among residents. Insurance agents and appraisers might view these trends as signals of evolving economic dynamics in the area.
Average State and Local Income Taxes Per Tax Return in Wayne County, NE Over the Last 10 Years
Over the past decade, Wayne County, Nebraska has seen notable fluctuations in average state and local income taxes per tax return. While the figures hovered around $6,288.41 to $7,230.43 from 2012 to 2016, there was a sharp rise peaking at $9,861.54 in 2019, likely reflecting changes in local economic conditions or tax policies. This data could be particularly relevant for those considering moving to or investing in the area, as it indicates changing tax burdens. It’s also essential information for insurance agents, appraisers, and real estate professionals who can use these trends to guide their clients better.
Average Total Tax Liability Per Tax Return in Wayne County, NE Over the Last 10 Years
Wayne County, Nebraska has seen fluctuations in average total tax liability per tax return over the past decade, with notable peaks in 2014 ($9,684.32) and 2021 ($10,341.91). This variability can suggest changes in income levels or tax policy adjustments in the area. For appraisers, insurance agents, real estate agents, and potential investors, understanding these trends might be critical for making informed decisions. These shifts in liability could influence property values, insurance rates, and investment strategies, highlighting the importance of staying attuned to local economic conditions.
Cost of Living in Wayne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,027 | $1,424 | $2,140 | $1,271 | $1,246 |
| 1 adult 4 children | $1,027 | $1,163 | $1,638 | $1,271 | $1,372 |
| 2 adults 3 children | $1,027 | $1,163 | $1,856 | $1,271 | $995 |
| 1 adult 3 children | $1,027 | $949 | $1,354 | $1,271 | $1,094 |
| 2 adults 2 children | $844 | $952 | $1,571 | $1,105 | $849 |
| 1 adult 2 children | $844 | $711 | $1,070 | $1,105 | $823 |
| 2 adults 1 child | $844 | $752 | $1,287 | $564 | $766 |
| 1 adult 1 child | $844 | $486 | $786 | $564 | $642 |
| 2 adults | $641 | $604 | $1,003 | $0 | $625 |
| 1 adult | $574 | $330 | $502 | $0 | $520 |
Safety trends & Data
Wayne County, Nebraska, has seen fluctuating property crime trends over the past four years, with Larceny-Theft notably increasing from zero incidents in 2020 to 12 in 2022. The spike in 2021, with 10 incidents of Larceny-Theft and 6 cases of Vandalism, suggests areas that might require careful risk assessment for real estate investors and new residents. While Burglary and Motor Vehicle Theft have stayed relatively stable, the mixed safety profile could influence property values and investment... Read more
Property Crime Trends in Wayne County, NE Over the Last 4 Years
Wayne County, Nebraska has experienced fluctuating property crime trends over the last four years, with notable increases in certain categories. Larceny-Theft has shown a worrying uptick, jumping from zero incidents in 2020 to a significant 12 in 2022. 2021 saw a notable spike with 10 incidents of Larceny-Theft and 6 cases of Vandalism, indicating potential hotspots for real estate and insurance risk assessment. Other crimes like Burglary and Motor Vehicle Theft have remained relatively stable but low, reflecting a mixed safety profile for potential investors or new residents.
Demographics
Wayne County, Nebraska has an almost equal gender distribution with slightly more females than males. Educational attainment varies, with a significant number of residents achieving at least a high school diploma, and a notable portion holding Bachelor's degrees or higher. Age-wise, the population skews younger; a considerable chunk falls within the 15 to 24-year range, likely influenced by local institutions of higher education. The county's racial composition is predominantly White, with very... Read more
Race Distribution in Wayne County, Nebraska (2022)
Educational Attainment in Wayne County, Nebraska (2022)
Age Distribution in Wayne County, Nebraska
Citizen Population in Wayne County, Nebraska (2022)
Political Trends & Data
In Wayne County, Nebraska, the 2020 U.S. Presidential Election results leaned heavily towards the Republican party with roughly 72.70% of the vote, compared to about 24.30% for the Democratic party. The Libertarian vote was minimal at around 2.90%, and other third-party options were negligible. This strong conservative preference could influence local policies, community values, and potentially impact real estate market trends, catering more to traditional preferences and family-oriented... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Wayne County, Nebraska, the 2020 U.S. Presidential Election results seemed to lean heavily towards the Republican party, garnering approximately 72.7% of the vote. The Democratic party appears to have received around 24.3%, while the Libertarian vote was potentially minimal at about 2.9%. The Green party and other candidates seemed to have negligible or no impact. This distribution might suggest a strong conservative preference in this area, with minimal support for third-party options.
72.74% of voters voted for the Republican party in the 2020 Presidential Election
24.33% of voters voted for the Democrat party in the 2020 Presidential Election
2.93% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Wayne County, Nebraska, has seen its student-to-teacher ratio fluctuate over the past decade, peaking at 16 students per teacher in 2018 before settling around 15. This could imply intermittent stress on educational resources, potentially impacting both classroom management and the quality of education. For families and investors eyeing the local real estate market, these education trends might indicate periods of growth and systemic adjustments. Consistent investment in schools could appeal to... Read more
Student-to-teacher ratio in Wayne County, Nebraska over the last 10 years
Over the past decade in Wayne County, Nebraska, the student-to-teacher ratio has exhibited fluctuations. Starting with a low of 11 students per teacher in 2014, it saw an increase to 16 in 2018, before adjusting to around 15 in recent years. While this ratio mostly mirrors the national average, the few peak years could imply increased stress on educational resources, possibly affecting the quality of education and classroom management. For families considering moving to the area or investors looking into local real estate, these trends may signal periods of growth and adjustments in the school system. Real estate agents might note that consistent school investment is a potential draw for prospective buyers, while appraisers and insurers may need to consider how such variables affect property values and community stability.
