Wheeler County Real Estate and Livability Trends
In Wheeler County, Nebraska, real estate trends could be influenced by fluctuating average taxable incomes, peaking at $49,438.89 in 2021 and dipping as low as $27,210.00 in 2019, possibly affecting buyers' financial readiness. The county's real estate market appears highly cost-effective, with median home values at $101,400 in 2022—significantly lower than state and national averages. Strong... Read more
Wheeler County Market Trends
Wheeler County, Nebraska's real estate market presents an intriguing landscape, with median home values significantly lower than state and national averages—$101,400 in 2022 versus Nebraska's $205,600 and the national $179,400. This cost-effective market could attract budget-conscious buyers and investors. Additionally, the county's strong agricultural roots, evidenced by farm tax returns... Read more
Median Value of Occupied Housing Units in Wheeler County, Nebraska Over the Last 8 Years
Wheeler County, Nebraska has seen fluctuations in median home values over the past eight years, with prices varying between $88,100 and $104,300. The latest value for 2022 sits at $101,400, which is notably lower than the state of Nebraska's median of $205,600 and the national median of $179,400 for the same year. This trend might reflect the region's more affordable housing, making it an appealing option for potential buyers looking to invest in cost-effective properties or relocate to a less expensive area.
Percentage of Farm Returns in Wheeler County, NE Over the Last 10 Years
The percentage of farm tax returns in Wheeler County, Nebraska, has generally hovered around 42%, with minor fluctuations over the past decade. Peaks occurred in 2015 and 2021 at approximately 44.74% and 44.17%, respectively, suggesting a notable portion of the county's residents are engaged in agriculture. This data can be indicative of a stable agricultural community, making it an attractive site for agribusiness investment and potential property development tailored to farming needs. Potential investors and residents should view this as a sign of the county’s reliance on and potential support for agrarian activities, offering opportunities for those seeking involvement in the agricultural sector.
Number of Mortgages by Occupancy Type in Wheeler County, NE Over the Last 5 Years in Wheeler County
Wheeler County, Nebraska has seen varied fluctuations in mortgage activity across different occupancy types over the last five years. Principal residences dominated the mortgage market, peaking with 18 in 2020, but showed significant variation year over year. Investment property mortgages remained low and stable, highlighting potentially limited opportunities or interest in rental or commercial ventures. Meanwhile, second residence mortgages had sporadic activity, suggesting less consistent demand for vacation homes or secondary properties. These shifts in occupancy-type mortgages could influence investment strategies, property valuations, and insurance considerations for those directly or indirectly involved in this market.
Economic Outlook
Wheeler County, Nebraska's real estate market could be significantly influenced by the notable fluctuations in average taxable income, which ranged from $27,210.00 in 2019 to $49,438.89 in 2021. These income trends might impact buyers' and renters' financial stability. Additionally, the area's state and local income taxes have varied from a peak of $8,650.00 in 2013 to $4,800.00 in 2017, possibly affecting financial planning and investments. Lastly, the total tax liability per tax return... Read more
Average Taxable Income per Tax Return in Wheeler County, NE over the last 9 years
Over the past nine years, Wheeler County, Nebraska has seen significant fluctuations in average taxable income per tax return, ranging from a low of $27,210.00 in 2019 to a high of $49,438.89 in 2021. This variability suggests potential volatility in local economic conditions, which might be a crucial consideration for investors and real estate agents. For those looking to build or appraise property, understanding these income trends could help gauge the financial stability of potential buyers or renters. Insurance agents may also find this data useful for assessing risk levels accurately in the region.
Average State and Local Income Taxes Per Tax Return in Wheeler County, NE Over the Last 6 Years
The average state and local income taxes per tax return in Wheeler County, Nebraska, have seen significant fluctuations over the past six years. In 2013, the figure peaked at $8,650.00, before experiencing a steady decline to $4,800.00 in 2017. This downward trajectory may reflect broader economic trends, tax policy changes, or shifts in income levels within the county. Potential investors, property developers, and those considering relocation should be aware of these tax variations as they might impact financial planning and investments in the area.
Average Total Tax Liability Per Tax Return in Wheeler County, NE Over the Last 10 Years
The average total tax liability per tax return in Wheeler County, Nebraska has shown significant fluctuation over the last decade, starting high at $8,055.17 in 2012 and dropping to its lowest at $3,759.26 in 2019. This volatility could reflect changes in local economic conditions, income levels, and possibly tax legislation affecting residents' financial responsibilities. For potential investors, real estate agents, or insurance agents, understanding these trends might offer insights into the economic health and stability of Wheeler County, potentially influencing property values, market conditions, and risk assessments. The overall decline and subsequent slight recovery in recent years may suggest a period of financial adjustment and resilience.
Cost of Living in Wheeler County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,103 | $1,424 | $2,140 | $1,271 | $1,430 |
| 1 adult 4 children | $1,103 | $1,163 | $1,638 | $1,271 | $1,582 |
| 2 adults 3 children | $1,103 | $1,163 | $1,856 | $1,271 | $1,163 |
| 1 adult 3 children | $1,103 | $949 | $1,354 | $1,271 | $1,290 |
| 2 adults 2 children | $826 | $952 | $1,571 | $1,105 | $932 |
| 1 adult 2 children | $826 | $711 | $1,070 | $1,105 | $934 |
| 2 adults 1 child | $826 | $752 | $1,287 | $564 | $836 |
| 1 adult 1 child | $826 | $486 | $786 | $564 | $687 |
| 2 adults | $628 | $604 | $1,003 | $0 | $664 |
| 1 adult | $562 | $330 | $502 | $0 | $561 |
Demographics
Wheeler County, Nebraska's demographic snapshot for 2022 reveals a male-dominant population, though the gender gap is slight with 321 males to 307 females. The county's aging population, especially those aged 65 to 74 years, stands out with significant numbers, indicating potential future challenges in areas like healthcare. Education levels suggest a strong leaning towards high school graduates and those with some college experience, yet a modest count of residents possess bachelor's and... Read more
Race Distribution in Wheeler County, Nebraska (2022)
Educational Attainment in Wheeler County, Nebraska (2022)
Age Distribution in Wheeler County, Nebraska
Citizen Population in Wheeler County, Nebraska (2022)
Political Trends & Data
Wheeler County, Nebraska, appears to have a solid Republican voter base, as Republicans potentially achieved nearly 88% of the vote during the 2020 U.S. Presidential Election. Democrats managed just over 11%, while Libertarians barely made a dent with around 1%. This indicates limited influence from third parties in this predominantly Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Wheeler County, Nebraska, showed a strong leaning towards the Republican party in the 2020 U.S. Presidential Election, with Republicans possibly garnering just under 88% of the vote. Democrats trailed significantly, capturing just over 11%, while Libertarians made a minimal impact with around 1%. The data may suggest that third parties, including the Green party and others, did not register notable support in this predominantly Republican area.
87.25% of voters voted for the Republican party in the 2020 Presidential Election
11.75% of voters voted for the Democrat party in the 2020 Presidential Election
1.00% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Wheeler County, Nebraska, boasts a consistently low student-to-teacher ratio of around six over the past decade, well below the national average of 14. This lower ratio could imply more personalized attention for students and possibly better educational outcomes. For potential buyers, especially families, this community-focused school system might be particularly attractive. Real estate agents could leverage this information to appeal to families, while appraisers and insurance agents might... Read more
Student-to-teacher ratio in Wheeler County, Nebraska over the last 10 years
Wheeler County, Nebraska has seen a relatively low student-to-teacher ratio over the past decade, consistently hovering around six, with minor fluctuations. This is significantly below the national average of 14 students per teacher, suggesting potential benefits such as more personalized attention for students and possibly better educational outcomes. For investors or those considering moving to the area, this lower ratio might indicate a more community-focused school system. It also could be appealing for real estate agents targeting families, and for appraisers and insurance agents who wish to understand the area's unique education dynamics.
