Sioux County Real Estate and Livability Trends
In Sioux County, North Dakota, the median home value has climbed from $66,200.00 in 2015 to $97,200.00 in 2022, suggesting potential affordability in an upwardly trending market. The variation in taxable income, with highs reaching $33,210.38 in 2021 and lows of $26,134.51, could indicate economic instability affecting demand and property values. Additionally, a rise in farm tax returns peaking... Read more
Sioux County Market Trends
Sioux County, North Dakota has witnessed a gradual yet noteworthy rise in the median home value from $66,200.00 in 2015 to $97,200.00 in 2022. While still lower than state and national averages, this steady growth might signal enticing, affordable investment opportunities. The percentage of farm tax returns has also seen a consistent increase, peaking at 9.60% in 2017, hinting at a resilient... Read more
Median Value of Occupied Housing Units in Sioux County, North Dakota Over the Last 8 Years
Over the last eight years, the median home value in Sioux County, North Dakota has seen a gradual increase, jumping significantly from $66,200.00 in 2015 to $97,200.00 in 2022. Compared to North Dakota as a whole, where values went from $153,800.00 to $232,500.00, and the national median, which rose from $125,500.00 to $179,400.00, Sioux County's market reflects a smaller but steady growth. This lower starting point and slower pace could present affordable investment opportunities for those looking to enter the housing market.
Percentage of Farm Returns in Sioux County, ND Over the Last 10 Years
Over the past decade, Sioux County, North Dakota has generally seen a gradual increase in the percentage of farm returns, peaking in 2017 at around 9.60% and staying relatively high. This trend could suggest a more stable or growing agricultural sector compared to previous years. Farm tax returns are essentially filings by individuals or entities involved in agricultural activities, thus a higher percentage indicates a robust farming economy. This upward trend may appeal to potential investors, real estate developers, or new residents looking to benefit from an active and potentially lucrative farming community.
Number of Mortgages by Occupancy Type in Sioux County, ND Over the Last 5 Years in Sioux County
Over the past five years in Sioux County, North Dakota, the trend shows a steady increase in mortgages for principal residences while investment property mortgages remain relatively low and stable. These shifts in occupancy type can be critical indicators for potential investors and real estate professionals, as an increasing number of principal residences often signal a growing residential appeal and could affect property values. For appraisers and insurance agents, understanding these trends may provide insights into risk distribution and neighborhood stability, which influences property assessments and premiums. Additionally, builders and developers might find the rising demand for primary residences indicative of a market ripe for residential projects.
Economic Outlook
Over the last nine years in Sioux County, North Dakota, the average taxable income has seen notable fluctuations, ranging from $33,030.53 in 2013 to a low of $26,134.51 in 2019, rebounding to $33,210.38 in 2021. This variability could signal economic instability, influencing market demand and property values. Similarly, the average total tax liability per tax return has shown volatility, starting at $6,406.76 in 2012 and dropping to $4,829.73 in 2013, with the latest figures from 2021 showing a... Read more
Average Taxable Income per Tax Return in Sioux County, ND over the last 9 years
Over the last nine years in Sioux County, North Dakota, the average taxable income per tax return has fluctuated significantly, going from $33,030.53 in 2013 to a low point of $26,134.51 in 2019, and then bouncing back to around $33,210.38 in 2021. These variations might indicate economic instability, which is essential for investors, real estate agents, and individuals considering relocation or property development. Economic shifts in taxable income could affect market demand and property values, which in turn influence investment strategies and appraisal values.
Average Total Tax Liability Per Tax Return in Sioux County, ND Over the Last 10 Years
Over the past decade, Sioux County, North Dakota has seen some volatility in average total tax liability per tax return. Starting at $6,406.76 in 2012, it dropped to $4,829.73 in 2013 and experienced further fluctuations, dipping to a low of $4,523.19 in 2016. The latest data from 2021 indicates a rise to $5,162.96. This variability might reflect economic shifts in the area, highlighting potential considerations for those looking to invest or evaluate property within the community. The trend offers insights into the financial climate, beneficial for prospective homeowners, appraisers, and real estate professionals alike.
Cost of Living in Sioux County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,516 | $1,754 | $813 | $738 |
| 1 adult 4 children | $1,005 | $1,238 | $1,340 | $813 | $843 |
| 2 adults 3 children | $1,005 | $1,239 | $1,523 | $813 | $571 |
| 1 adult 3 children | $1,005 | $1,011 | $1,109 | $813 | $584 |
| 2 adults 2 children | $826 | $1,014 | $1,291 | $731 | $531 |
| 1 adult 2 children | $826 | $757 | $877 | $731 | $476 |
| 2 adults 1 child | $826 | $801 | $1,059 | $465 | $568 |
| 1 adult 1 child | $826 | $518 | $645 | $465 | $469 |
| 2 adults | $639 | $644 | $828 | $0 | $512 |
| 1 adult | $635 | $351 | $414 | $0 | $436 |
Safety trends & Data
In Sioux County, North Dakota, property crime trends have fluctuated over the past five years, with motor vehicle theft peaking at 19 incidents in 2018 and dropping to 8 in 2020. Burglaries have largely stabilized, aside from a slight dip in 2019, and vandalism and forgery incidents remain low. Trends in stolen property offenses show notable fluctuations. These trends could influence your decision-making regarding property investments and insurance... Read more
Property Crime Trends in Sioux County, ND Over the Last 5 Years
Sioux County, North Dakota, has seen a kind of fluctuating pattern in property crimes over the last five years. From 2018 to 2022, motor vehicle theft incidents varied, peaking at 19 in 2018 and dropping to 8 in 2020. Similarly, burglary and larceny-theft have shown sporadic changes, with burglaries mostly stable, except for a slight dip in 2019. Vandalism and forgery incidents seem to remain quite low but notable fluctuations are seen in the trends of stolen property offenses. This matters for investors and potential residents as it provides insights into local crime trends, helping evaluate risks and make informed decisions about property investments and insurance needs.
Demographics
Sioux County, North Dakota shows an almost balanced gender distribution among adults, with a slight lean towards female residents. The educational attainment data implies the majority of residents might not hold a college degree, with many having completed high school or some college without obtaining a degree. Age distribution suggests a relatively young population, with a large number under the age of 35. The racial makeup largely comprises American Indian and Alaska Native inhabitants,... Read more
Race Distribution in Sioux County, North Dakota (2022)
Educational Attainment in Sioux County, North Dakota (2022)
Age Distribution in Sioux County, North Dakota
Citizen Population in Sioux County, North Dakota (2022)
School Data
Sioux County, North Dakota has experienced a fluctuating student-to-teacher ratio, from 6 students per teacher in 2014 to nearly 9 recently, which is still below the national average of 14 students per teacher. This lower ratio could mean more personalized attention for students, enhancing educational outcomes and making the area more appealing to families. For real estate agents, investors, and builders, this factor suggests a potential boost in residential demand. Insurance agents and... Read more
Student-to-teacher ratio in Sioux County, North Dakota over the last 10 years
Sioux County, North Dakota has seen a noticeable fluctuation in its student-to-teacher ratio over the past decade, ranging from 6 students per teacher in 2014 to nearly 9 in recent years. This lower ratio compared to the national average of 14 students per teacher could be an indicator of more personalized attention for students, potentially boosting educational outcomes and attractiveness for families. For investors, real estate agents, and builders, this suggests a competitive edge in terms of educational quality, possibly driving residential appeal. Insurance agents and appraisers might also find value in assessing this unique attribute when evaluating property risks and values.
