Land Market Insights and Pricing in Phelps County, Nebraska

Phelps County, Nebraska, offers a landscape of gently rolling plains and fertile agricultural land, with the Republican River flowing through its northern reaches. Spanning 540 square miles, the county is dominated by vast expanses of farmland, reflecting its strong agricultural economy. The low population density of 18 people per square mile creates a serene rural atmosphere, ideal for those seeking open spaces. While the county boasts excellent land connectivity via Interstate 80 and several U.S. highways, potential buyers should note the higher-than-average property tax rate of 1.38%. Despite this, Phelps County's robust job market, evidenced by its low 1.2% unemployment rate and diverse economic sectors including education, manufacturing, and agriculture, makes it an attractive option for land investment. The county seat, Holdrege, serves as the primary economic hub, complemented by smaller towns like Funk and Loomis, offering a balance of rural charm and local amenities.