Beadle County Real Estate and Livability Trends
Beadle County, South Dakota has experienced a consistent rise in average taxable incomes, peaking at $65,567.27 in 2021, which may attract investors and raise property values. Median home values have also surged, from $96,500 in 2015 to $152,100 in 2022. Real estate taxes rose from $3,120.93 in 2012 to $5,318.75 in 2020, increasing carrying costs. The stable farm tax returns and fluctuations in... Read more
Beadle County Market Trends
Beadle County, South Dakota has seen significant growth in median home values, rising from $96,500 in 2015 to $152,100 in 2022, outpacing the national average at times. Despite being below the state’s median value, Beadle County offers an affordable yet appreciating market ideal for investors and homebuyers. Real estate taxes have climbed from an average of $3,120.93 in 2012 to $5,318.75 in... Read more
Median Value of Occupied Housing Units in Beadle County, South Dakota Over the Last 8 Years
Over the past eight years, Beadle County, South Dakota has experienced substantial growth in median home values, from $96,500 in 2015 to $152,100 in 2022. This local trend reflects a broader pattern seen in both state and national markets, though it's noteworthy that Beadle County's growth rate has outpaced the national average at times, especially by 2022. With South Dakota's median values increasing from $140,500 to $219,500 in the same timeframe, Beadle County still lags behind the state but presents a more affordable option for potential investors and homebuyers within a rapidly appreciating market. For those eyeing investment opportunities or considering relocation, Beadle County could offer a blend of growth potential with a still-relative economic entry point.
Residential Energy Tax Credit Per Tax Return in Beadle County, SD Over the Last 8 Years
Beadle County, South Dakota has shown fluctuating trends in residential energy tax credits per tax return over the last eight years, indicating varying levels of investments in energy-efficient home upgrades. After peaking at approximately $636.36 in 2013, the credit amounts generally decline, hitting a low of around $200.00 in 2020. However, the credit saw a rebound in 2021, reaching $450.00. These shifts could reflect changing homeowner priorities, economic conditions, or revisions in state and federal policies affecting energy incentives. For potential investors, real estate agents, and homeowners, these trends might suggest an evolving market for energy-efficient improvements, possibly impacting property values and investment strategies in the county.
Average Real Estate Taxes Per Tax Return in Beadle County, SD Over the Last 10 Years
Real estate taxes in Beadle County, South Dakota, have shown a notable upward trend over the past decade, starting from an average of about $3,120.93 per tax return in 2012 to peaking at $5,318.75 in 2020. This could point to increased property values or changes in local tax policy. While there was a slight dip to $4,950.00 in 2021, the overall growth suggests that property investments in Beadle County might come with higher carrying costs over time. This trend is essential for prospective homebuyers, investors, appraisers, and insurance agents to consider when assessing long-term financial implications.
Percentage of Farm Returns in Beadle County, SD Over the Last 10 Years
Beadle County, South Dakota has experienced relatively stable farm tax returns over the last decade, with percentages hovering around 9%. Notably, there was a slight increase in 2017 and 2018 reaching approximately 9.33%, but it dipped to about 8.64% in 2019. These trends suggest consistency in farming activities and associated income within the county, making it potentially appealing for those considering investment in agricultural ventures. Knowing the fluctuation in farm tax returns can help prospective investors gauge the financial stability of the farming sector in Beadle County.
Number of Mortgages by Occupancy Type in Beadle County, SD Over the Last 5 Years in Beadle County
Beadle County, South Dakota has shown varied trends in mortgage types over the past five years, with principal residences making up the vast majority, and peaking in 2020 at 484. Investment property mortgages have remained relatively steady, fluctuating slightly around the mid-20s, while second residence mortgages have consistently been low, peaking at 11 in 2021. These shifts can reflect economic confidence and housing demands, impacting decisions for potential investors, real estate agents, and developers. For appraisers and insurance agents, understanding these trends is crucial to accurately assess property values and risks.
Economic Outlook
In Beadle County, South Dakota, the average taxable incomes have been on a consistent rise, particularly peaking in 2020 and 2021 with figures surpassing $61,575.32 and $65,567.27 respectively. This upward income trend may attract investors and potentially raise property values, signaling a strengthening local economy. Meanwhile, the average total tax liability per tax return peaked at $9,919.07 in 2021, after showing significant volatility. Fluctuating state and local income taxes, which... Read more
Average Taxable Income per Tax Return in Beadle County, SD over the last 9 years
Average taxable incomes in Beadle County, South Dakota have generally been on the rise over the past 9 years, showing notable increases especially in 2020 and 2021, where the average surpassed $61,575.32 and $65,567.27 respectively. This upward trend could attract potential investors, real estate agents, and those looking to move to the area, indicating a possibly strengthening local economy. For appraisers and insurance agents, these figures might suggest increased property values and higher coverage amounts, reflecting a more prosperous community.
Average State and Local Income Taxes Per Tax Return in Beadle County, SD Over the Last 6 Years
In Beadle County, South Dakota, average state and local income taxes per tax return have varied significantly over the last six years. From $3,725.00 in 2012, the figure dipped to $2,775.00 in 2014, then experienced a sharp increase to $5,375.00 in 2016. Although there was a slight decrease in 2017 to $4,800.00, the trend indicates fluctuating tax obligations, which could impact financial planning for residents and potential investors. This volatility in tax liabilities may be important for appraisers, insurance agents, and real estate professionals when advising clients or assessing property values, as tax burdens can influence overall cost of living and investment appeal in Beadle County.
Average Total Tax Liability Per Tax Return in Beadle County, SD Over the Last 10 Years
Beadle County, South Dakota's average total tax liability per tax return has shown fluctuations, peaking at $9,919.07 in 2021. After a steady rise from 2012 to 2014, hitting $9,582.49, it declined before recovering in 2020. This volatility might suggest economic shifts or changes in tax policy impacting the county. For real estate agents, appraisers, and investors, understanding these trends could be crucial for evaluating property valuations and potential returns.
Cost of Living in Beadle County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,077 | $1,496 | $2,458 | $1,013 | $937 |
| 1 adult 4 children | $1,077 | $1,222 | $1,884 | $1,013 | $999 |
| 2 adults 3 children | $1,077 | $1,222 | $2,130 | $1,013 | $734 |
| 1 adult 3 children | $1,077 | $998 | $1,557 | $1,013 | $754 |
| 2 adults 2 children | $828 | $1,000 | $1,803 | $878 | $640 |
| 1 adult 2 children | $828 | $747 | $1,229 | $878 | $557 |
| 2 adults 1 child | $828 | $791 | $1,475 | $439 | $622 |
| 1 adult 1 child | $828 | $511 | $901 | $439 | $477 |
| 2 adults | $629 | $635 | $1,148 | $0 | $540 |
| 1 adult | $586 | $346 | $574 | $0 | $441 |
Safety trends & Data
Beadle County, South Dakota, has seen its property crime rates fluctuate over the last five years, with a notable peak in larceny-theft cases hitting 61 in 2019. Motor vehicle thefts have stayed low, averaging about four cases annually. Fraud and vandalism incidents also varied, with fraud dropping significantly to just one case in both 2020 and 2021. The overall decline in property crimes from 2019 to 2022 may appeal to prospective residents or investors, making it a key consideration for... Read more
Property Crime Trends in Beadle County, SD Over the Last 5 Years
Over the last five years, Beadle County, South Dakota, has experienced fluctuating property crime rates, with a notable peak in larceny-theft cases in 2019, hitting 61 reported incidents. In contrast, motor vehicle thefts have remained relatively low, averaging around four cases annually. Interestingly, fraud and vandalism cases saw sporadic increases and declines, with fraud showing a significant drop to just one case in 2020 and 2021. The sharp decline in overall property crime incidents from 2019 to 2022 suggests a potential reduction in criminal activity, which could be attractive for prospective residents or investors considering the area. Adjusting expectations based on these trends could be crucial for insurance agents, appraisers, and real estate professionals working within the county.
Demographics
Beadle County, South Dakota shows a fairly balanced gender split and an adult population with a notable share having high school diplomas and some attending college without completing a degree. Age distribution hints at a mix of young families and an aging population, while the racial makeup is predominantly White, with smaller percentages of Asian, Native American, and other races. These trends can influence local policy, school funding, and community projects, guiding where resources might be... Read more
Race Distribution in Beadle County, South Dakota (2022)
Educational Attainment in Beadle County, South Dakota (2022)
Age Distribution in Beadle County, South Dakota
Citizen Population in Beadle County, South Dakota (2022)
Political Trends & Data
In Beadle County, South Dakota, the 2020 U.S. Presidential Election had Republicans capturing nearly 68% of the vote, starkly outpacing Democrats at just under 30%, with Libertarians pulling a modest 2%. These results mimic wider state tendencies, indicating that conservative values could strongly influence local sentiment and, possibly, decisions in related markets like real... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Beadle County, South Dakota, the 2020 U.S. Presidential Election results leaned heavily towards the Republican party, which garnered nearly 68% of the vote. Democrats managed to secure just under 30%, while the Libertarian party captured a small fraction with approximately 2%. The dominance of the Republican party in this county reflects broader state-wide trends, where conservative values likely play a significant role in voter preferences.
67.90% of voters voted for the Republican party in the 2020 Presidential Election
29.76% of voters voted for the Democrat party in the 2020 Presidential Election
2.34% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Beadle County, South Dakota's student-to-teacher ratio has seen notable fluctuations over the past decade, from a low of 10 in 2016 to a high of 15 in 2017, and currently settling at around 12. This relatively low ratio, compared to the national average of 14, may suggest a more favorable learning environment. Such educational metrics could potentially impact real estate values and attract families looking for quality education, making it a key consideration for investors and property... Read more
Student-to-teacher ratio in Beadle County, South Dakota over the last 10 years
Beadle County, South Dakota has exhibited a fluctuating student-to-teacher ratio over the past ten years, reaching as low as 10 students per teacher in 2016 and peaking at 15 students per teacher in 2017. Presently, the ratio hovers around 12 students per teacher, which is slightly below the national average of 14. Such a relatively low student-to-teacher ratio could suggest a more favorable learning environment, potentially attracting families prioritizing education quality. This trend might influence real estate values and investment decisions, as well as insurance rates, given that areas with better educational statistics often see positive economic impacts. Real estate agents and property developers might find these insights particularly relevant when marketing residential properties in Beadle County.
