Bennett County Real Estate and Livability Trends
Bennett County, South Dakota has seen its median home values nearly double since 2015, rising from $56,300 to $128,100 in 2022. However, these values are still lower than the state median of $219,500 and the national average of $179,400. Despite fluctuating real estate taxes, which hit a high of $2,150.00 in 2014 before settling around $1,433.33 in 2017, there seems to be growing investor... Read more
Bennett County Market Trends
Bennett County's median home values have soared from $56,300 in 2015 to $128,100 in 2022, a huge leap, although they still stand below South Dakota's state median of $219,500 and the national average of $179,400. Despite average real estate taxes jumping to a high of $2,150.00 in 2014 before dropping to around $1,433.33 by 2017, this overall trend might be significant for property valuations and... Read more
Median Value of Occupied Housing Units in Bennett County, South Dakota Over the Last 8 Years
Bennett County's median home values have surged from $56,300 in 2015 to $128,100 in 2022, showcasing a substantial increase. While these values are still below both the South Dakota state median of $219,500 and the national average of $179,400 as of 2022, the rapid growth might signal a widening investment opportunity or increasing local demand for housing. For those looking to invest or relocate to Bennett County, this rising trend could imply future value appreciation and an emerging market worth considering despite the current lower median value compared to broader benchmarks.
Average Real Estate Taxes Per Tax Return in Bennett County, SD Over the Last 6 Years
In Bennett County, South Dakota, average real estate taxes per tax return have shown significant fluctuations over the past six years. Starting at $1,400.00 in 2012, they peaked in 2014 at $2,150.00 before declining to $1,800.00 in 2015, and then steadily decreasing to $1,433.33 in 2017. This unpredictable trend might indicate varying property valuations or shifts in tax policies, key considerations for anyone involved in real estate transactions, property appraisals, or investments in the area.
Percentage of Farm Returns in Bennett County, SD Over the Last 10 Years
Farm tax returns in Bennett County, South Dakota, have seen fluctuating percentages over the past decade. Beginning at 17.80% in 2012, values showed a slight upward trend peaking at around 20.18% in 2019. However, there was variability with declines like the drop to 16.81% in 2015. By 2021, the percentage settled at about 17.38%. This variability may suggest changes in farm profitability, local economic conditions, or shifts in the agricultural sector's prominence in the area, offering valuable insights to those considering investments or moves related to agriculture or real estate development in Bennett County.
Number of Mortgages by Occupancy Type in Bennett County, SD Over the Last 5 Years in Bennett County
Bennett County, South Dakota, has seen fluctuations in mortgage numbers across different occupancy types in the last five years. Principal residences consistently dominate the market, peaking at 35 mortgages in 2020. Investment properties, while less frequent, show a gradual increase, hinting at growing investor interest. Second residences are relatively negligible, with only minor activity. These shifts matter because they indicate investor confidence and potential growth areas for appraisers, real estate agents, and those looking to develop or insure property. Understanding these trends can guide investment strategies and identify market opportunities.
Economic Outlook
Bennett County, South Dakota has experienced a significant rise in average taxable income per tax return recently, hitting $43,236.97 in 2021, a notable increase from the low $30,000s of prior years. This trend may suggest burgeoning economic opportunities or increased earnings, potentially making the area more attractive for investors and new residents. Additionally, average total tax liabilities have varied over the past decade, with notable peaks and valleys, possibly pointing to economic... Read more
Average Taxable Income per Tax Return in Bennett County, SD over the last 9 years
Over the past nine years, Bennett County, South Dakota has seen some fluctuations in the average taxable income per tax return. Most notably, 2021 marks the highest average at $43,236.97, a significant jump from previous years which generally hovered around the low $30,000s. This uptick could be appealing to potential investors and those looking to move, suggesting possible economic growth or increased earnings in the area. Real estate agents and appraisers might find this trend indicative of a potentially appreciating market, while insurance agents could consider the rising incomes when assessing risk factors for policyholders.
Average Total Tax Liability Per Tax Return in Bennett County, SD Over the Last 10 Years
Bennett County, South Dakota has seen fluctuating average total tax liabilities per tax return over the past decade. In 2012, the highest point was $6,850.70, followed by a significant drop to $4,926.09 in 2013. From there, the liabilities have varied, peaking at $6,034.78 in 2020 before settling slightly lower at $5,676.19 in 2021. This variation might signal economic shifts and could be a critical factor for investors and real estate agents assessing the financial climate in the area. For those considering a move, the volatility in tax liability could indicate changing economic circumstances or policy adjustments that should be investigated further.
Cost of Living in Bennett County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,038 | $1,568 | $2,749 | $1,019 | $1,082 |
| 1 adult 4 children | $1,038 | $1,281 | $2,109 | $1,019 | $1,157 |
| 2 adults 3 children | $1,038 | $1,281 | $2,382 | $1,019 | $855 |
| 1 adult 3 children | $1,038 | $1,046 | $1,742 | $1,019 | $887 |
| 2 adults 2 children | $853 | $1,049 | $2,015 | $883 | $739 |
| 1 adult 2 children | $853 | $783 | $1,375 | $883 | $668 |
| 2 adults 1 child | $853 | $829 | $1,648 | $442 | $707 |
| 1 adult 1 child | $853 | $535 | $1,007 | $442 | $544 |
| 2 adults | $734 | $666 | $1,281 | $0 | $632 |
| 1 adult | $593 | $363 | $640 | $0 | $487 |
Safety trends & Data
Property crime trends in Bennett County, South Dakota have shown significant changes over the past few years. Burglary incidents peaked in 2019 with 14 cases but dropped to 1 incident by 2022. Larceny-theft also saw a reduction, hitting zero by 2022 from a peak of 7 in 2018. Vandalism fluctuated, spiking to 13 cases in 2019 while staying at about 4-6 cases in other years. Motor vehicle thefts have remained relatively stable, ranging between 1-3 incidents annually. These shifts might indicate... Read more
Property Crime Trends in Bennett County, SD Over the Last 5 Years
Property crime trends in Bennett County, South Dakota have displayed some notable shifts over the last five years. Burglary incidents spiked in 2019 with 14 cases, but have seen a steady decline, dropping to just 1 incident by 2022. Larceny-theft showed variability, peaking at 7 incidences in 2018 and gradually decreasing to zero by 2022. Vandalism remains persistent, although there was a marked increase in 2019 with 13 cases, compared to an average of about 4-6 cases in other years. Motor vehicle thefts have remained relatively stable, oscillating between 1-3 incidents annually. For stakeholders, these trends could signal evolving security and law enforcement effectiveness, thereby influencing decisions on property investment, insurance premiums, and community planning.
Demographics
Bennett County, South Dakota, has a relatively balanced gender distribution with 1,081 males and 1,024 females. The population displays a youthful skew, with notable proportions under 20 years of age. Educational attainment reveals that high school graduates form the largest group, but the area also sees a significant number of residents with some college experience or an associate degree. Racially, the county is predominantly American Indian and Alaska Native, outnumbering the white... Read more
Race Distribution in Bennett County, South Dakota (2022)
Educational Attainment in Bennett County, South Dakota (2022)
Age Distribution in Bennett County, South Dakota
Citizen Population in Bennett County, South Dakota (2022)
Political Trends & Data
Bennett County in South Dakota leans conservative with nearly 59% of the votes cast for the Republican party during the 2020 U.S. Presidential Election. The Democratic party attracted almost 40%, while third-party candidates, mainly Libertarians, received just under 2%. This suggests a predominantly conservative demographic, though the presence of diverse political perspectives is... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Bennett County, located in South Dakota, saw a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with nearly 59% of the votes. The Democratic party garnered almost 40% of the vote, while third-party candidates, primarily the Libertarian party, received just under 2%. This distribution may suggest a predominantly conservative voter base, though the notable minority voting for Democrats and third-party candidates indicates a presence of diverse political perspectives.
58.66% of voters voted for the Republican party in the 2020 Presidential Election
39.39% of voters voted for the Democrat party in the 2020 Presidential Election
1.94% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Bennett County, South Dakota, the student-to-teacher ratio has consistently been below the national average of 14:1 over the past decade, with recent figures ranging from 9:1 in 2019 to 12:1 in 2018 and 2022. These smaller class sizes might attract families and investors, potentially boosting property appeal and values. Real estate agents could use this educational advantage to market properties, while insurance agents and appraisers may see it as a sign of a favorable educational... Read more
Student-to-teacher ratio in Bennett County, South Dakota over the last 10 years
Over the past decade, Bennett County, South Dakota, has experienced fluctuations in its student-to-teacher ratio, with values mostly staying significantly below the national average of 14 students per teacher. Ratios ranged from a low of 9 in 2019 to a high of 12 in 2018 and 2022. These consistently lower ratios could suggest smaller class sizes, which might be appealing to families moving into the area or investors looking at educational infrastructure. Real estate agents could leverage this when marketing to prospective buyers. For insurance agents and appraisers, these lower ratios may signal a favorable educational environment, possibly impacting property values.
