Land Market Insights and Pricing in Nebraska

Nebraska captivates with its unique landscape, featuring the Dissected Till Plains' gentle hills in the east and the Great Plains' expansive prairies in the west. The state's geography is further enriched by distinctive regions like the Sandhills and Pine Ridge, while three major rivers—the Platte, Niobrara, and Republican—traverse its terrain. Nebraska's agricultural prowess is evident in its top-ranking production of corn, soybeans, and cattle. As the nation's 3rd largest corn producer, the state harvests over 9.5 million acres, generating more than $8 billion in production value. Nebraska also maintains a significant cattle inventory of over 6 million head, solidifying its crucial role in the U.S. beef industry. For those seeking residential properties, Douglas County stands out with its strong labor market, featuring a 70.6% workforce participation rate and a low 3.8% unemployment rate. Meanwhile, Dodge County attracts lakefront property enthusiasts with 2.6% of its area covered in water, including the scenic Elkhorn and Platte Rivers. Nebraska's income tax rates, ranging from 2.46% to 5.20%, are moderate compared to some neighbors, though less favorable than states with no income tax or flat rates. Property taxes, at 1.50%, are relatively high compared to surrounding states. Despite these tax considerations, Nebraska's robust agricultural sector and diverse land opportunities continue to drive its economic prospects, making it an attractive option for land buyers and investors.