Aurora County Market Trends
Aurora County, South Dakota, has experienced noticeable increases in median home values over the past eight years, climbing from $69,400 in 2015 to $120,800 in 2022—a promising trend given its initial lower base. Real estate taxes per tax return suggest rising property valuations or potential tax rate adjustments, escalating from $1,600.00 in 2012 to $2,000.00 in 2017. The stable percentage of... Read more
Median Value of Occupied Housing Units in Aurora County, South Dakota Over the Last 8 Years
Over the last 8 years, Aurora County, South Dakota has shown remarkable upward movement in median home values, jumping from $69,400 in 2015 to $120,800 in 2022. This increase, though smaller in dollar terms compared to national and state trends, is impressive given the starting point. Nationally, median home values have surged from $125,500 in 2015 to $179,400 in 2022, and South Dakota has seen an increase from $140,500 to $219,500 in the same period. For investors or homebuyers, Aurora County may present opportunities for growth, given its accelerating yet still relatively low median home value.
Average Real Estate Taxes Per Tax Return in Aurora County, SD Over the Last 6 Years
Over the past six years, real estate taxes per tax return in Aurora County, South Dakota, have shown a general upward trend, starting at $1,600.00 in 2012 and rising to $2,000.00 in 2017. Notably, 2014 saw a peak of $1,914.29, with a slight dip to $1,750.00 in 2015 before continuing its rise. This increase could signal growing property valuations or changes in tax rates, which are crucial factors for potential investors, real estate agents, and current residents to consider.
Percentage of Farm Returns in Aurora County, SD Over the Last 10 Years
Over the past decade, the percentage of farm returns in Aurora County, South Dakota, has hovered around 27%-29%, without significant fluctuation. These returns are essential indicators of farm income, which often reflect the economic vitality of the local agricultural sector. For investors, prospective residents, and property developers, understanding these numbers can be instrumental in assessing the long-term viability and growth potential of the area. Farm tax returns typically show earnings and expenses from farming activities, providing insights into the financial health and stability of farming operations, crucial for making informed decisions about investments and development in the region.
Number of Mortgages by Occupancy Type in Aurora County, SD Over the Last 5 Years in Aurora County
Analyzing the mortgage trends in Aurora County, South Dakota reveals variability, particularly in principal residence loans, which showed significant growth from 46 in 2019 to 81 in 2020 before stabilizing around mid-70s in 2021 and 2022. Investment properties saw a more subdued, but still notable, increase peaking at 7 in 2021. This shift in occupancy type suggests a rising confidence in stable, long-term home investments, and could indicate a tightening rental market or attractive conditions for homeownership. These trends are crucial for investors gauging property value stability, insurers assessing risk, and appraisers determining property valuation consistency. Real estate agents and potential residents can leverage this data to understand market dynamics and future development potential.
Economic Outlook
Aurora County, South Dakota has seen its average taxable income per tax return bounce back from a mid-decade slump, recovering to $59,668.75 in 2021. This trend suggests economic stability and possible growth opportunities. Notably, the average tax liability in recent years also saw an uptick, with 2021 figures nearing $8,076.24, potentially reflecting higher incomes or tax regulation changes. These patterns could indicate promising conditions for real estate investment and development in the... Read more
Average Taxable Income per Tax Return in Aurora County, SD over the last 9 years
Over the last nine years, Aurora County, South Dakota has experienced some fluctuations in average taxable income per tax return. The period saw a dip around 2015 and 2016 with values dropping to $47,495.59 and $45,177.94 respectively. However, recent years have shown robust recovery, particularly in 2021, when the average taxable income surged to $59,668.75. These trends might suggest overall economic stability with potential opportunities for growth, making this county worth considering for investment and real estate development.
Average Total Tax Liability Per Tax Return in Aurora County, SD Over the Last 10 Years
Aurora County, South Dakota, has seen fluctuations in average total tax liability per tax return over the past decade, peaking at $8,231.31 in 2013 and hitting a low of $6,090.22 in 2019. Notable increases were observed in 2021 with an average liability reaching $8,076.24, indicating a potential rise in income levels or changes in tax regulations impacting taxpayers. Investors and real estate stakeholders may find these trends indicative of economic shifts, potentially reflecting broader financial health and property market dynamics in the area.
Cost of Living in Aurora County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,027 | $1,504 | $2,395 | $1,019 | $991 |
| 1 adult 4 children | $1,027 | $1,228 | $1,835 | $1,019 | $1,077 |
| 2 adults 3 children | $1,027 | $1,229 | $2,076 | $1,019 | $785 |
| 1 adult 3 children | $1,027 | $1,003 | $1,516 | $1,019 | $827 |
| 2 adults 2 children | $826 | $1,006 | $1,757 | $883 | $691 |
| 1 adult 2 children | $826 | $751 | $1,197 | $883 | $629 |
| 2 adults 1 child | $826 | $795 | $1,438 | $442 | $670 |
| 1 adult 1 child | $826 | $513 | $878 | $442 | $525 |
| 2 adults | $690 | $639 | $1,119 | $0 | $599 |
| 1 adult | $575 | $348 | $560 | $0 | $476 |
Safety trends & Data
Aurora County, South Dakota has experienced fluctuating property crime trends recently, with fraud cases recorded at 3.00 in 2018, and both burglary (3.00) and larceny-theft (2.00) incidents emerging by 2021. These shifts may signal changing socio-economic conditions, law enforcement efficacy, or community dynamics, all of which are essential considerations for real estate agents, investors, appraisers, and insurance... Read more
Property Crime Trends in Aurora County, SD Over the Last 2 Years
Over the last two years, Aurora County, South Dakota has seen fluctuating property crime trends. In 2018, fraud cases were recorded at 3.00. However, by 2021, burglary incidents also reached 3.00, and larceny-theft emerged with 2.00 cases. This evolving crime landscape could reflect changes in local socio-economic conditions, law enforcement efficacy, or community dynamics, providing crucial insights for real estate agents, potential investors, appraisers, and insurance agents.
Demographics
Aurora County, South Dakota, shows a fairly equal gender distribution with slightly more males than females. Education levels in the county reflect a high rate of high school graduates, though fewer residents hold advanced degrees. The age distribution suggests a balanced demographic with notable concentrations in the under 10, 35-44, and 55-64 age ranges, indicating a mix of young families and an aging population. The racial composition is predominantly White, with very minimal representation... Read more
Race Distribution in Aurora County, South Dakota (2022)
Educational Attainment in Aurora County, South Dakota (2022)
Age Distribution in Aurora County, South Dakota
Citizen Population in Aurora County, South Dakota (2022)
Political Trends & Data
In Aurora County, South Dakota, roughly 75% of the vote in the 2020 U.S. Presidential Election leaned Republican, suggesting the area might have a strong conservative base. Democratic support was much lower, potentially comprising about 23%, with Libertarians capturing a minimal 2.5%. Notably, there were no votes reported for the Green... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Aurora County, South Dakota, the 2020 U.S. Presidential Election results suggested that Republican candidates possibly had strong local support, securing roughly 75% of the vote. Democrats may have found themselves significantly behind with about 23%, while Libertarians appeared to have only a minimal impact at around 2.5%. No votes were recorded for the Green Party. These figures might imply a predominantly conservative voter base in this region.
74.88% of voters voted for the Republican party in the 2020 Presidential Election
22.56% of voters voted for the Democrat party in the 2020 Presidential Election
2.56% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Student-to-teacher ratios in Aurora County, South Dakota, have declined significantly from 44 students per teacher in 2014 to around 9 in recent years, well below the national average of 14. This could indicate improved educational conditions, increasing the area's appeal for families and highlighting potential investment in educational infrastructure. For real estate investors, appraisers, and insurance agents, this trend might suggest stable property values and a strong community, positioning... Read more
Student-to-teacher ratio in Aurora County, South Dakota over the last 10 years
Student-to-teacher ratios in Aurora County, South Dakota, have shown a notable decline from 44 students per teacher in 2014 to around 9 in recent years. This shift brings it well below the national average of 14, potentially signaling improved educational conditions in the area. Lower ratios might appeal to families seeking more personalized attention for their children, while signaling to real estate investors and developers that the county is investing in its educational infrastructure. For appraisers and insurance agents, this trend could reflect positively on property values and community stability, making Aurora County an interesting prospect for various stakeholders.
