Bon Homme County Real Estate and Livability Trends
Bon Homme County, South Dakota, has experienced a steady rise in taxable income and median home values, indicating potential economic growth and real estate opportunities. There's a notable increase in property and state taxes, which prospective investors might need to consider. A stable agricultural economy and growing demand for primary residences further hint at favorable conditions for real... Read more
Bon Homme County Market Trends
Bon Homme County, South Dakota's median home values jumped from $69,900 in 2015 to $112,700 in 2022, although still trailing state and national growth rates. Residential energy tax credits have declined from $328.57 per tax return in 2013 to $200.00 in 2021, which might suggest less investment in energy-efficient upgrades. Average real estate taxes per tax return have risen significantly, from... Read more
Median Value of Occupied Housing Units in Bon Homme County, South Dakota Over the Last 8 Years
The median home values in Bon Homme County, South Dakota have seen an intriguing increase over the past eight years, with a jump from $69,900 in 2015 to $112,700 in 2022. While this is substantial growth locally, it's worth noting that it still lags behind both state and national trends. For comparison, South Dakota's median home values rose from $140,500 to $219,500, and nationwide, values climbed from $125,500 to $179,400 in the same period. This could suggest potential for investment opportunities, given the lower starting point and subsequent growth trajectory in Bon Homme County.
Residential Energy Tax Credit Per Tax Return in Bon Homme County, SD Over the Last 5 Years
Bon Homme County, South Dakota, has seen fluctuating residential energy tax credits over the past five years, generally trending downward from $328.57 per tax return in 2013 to $200.00 in 2021. This dip might hint at reduced investments in energy-efficient home upgrades or changes in tax incentives. For real estate agents and potential homeowners, this could impact property values and appeal as energy efficiency investments are a selling point. Those in the insurance sector might see this as a risk factor, considering older homes lacking recent energy improvements could be less resilient.
Average Real Estate Taxes Per Tax Return in Bon Homme County, SD Over the Last 10 Years
Bon Homme County, South Dakota, has shown a notable increase in average real estate taxes per tax return over the past decade. Starting from $2,059.09 in 2012, taxes have seen fluctuations but an overall upward trend, reaching a peak of $3,400.00 in 2021. Key years like 2016 and 2020 marked significant jumps, indicating potential factors driving property values and tax rates up. This trend is essential for investors and developers, suggesting a growing property market with increasing valuation. For appraisers and insurance agents, these numbers could signal shifts in property risks and values, while for potential residents, it highlights escalating property costs that might impact long-term financial planning.
Percentage of Farm Returns in Bon Homme County, SD Over the Last 10 Years
Farm tax returns in Bon Homme County, South Dakota have shown variable trends over the past decade. Starting at 22.54% in 2012, the percentages saw a slight fluctuation, reaching a peak of 22.83% in 2014 before dipping to a low of 19.80% in 2019. Recent years indicate a gradual rise, climbing to 21.01% in 2021. Farm tax returns provide insights into the agricultural economy, reflecting both profitability and investment in farmland, which can influence decisions for those considering agricultural investments or property development in the area. Higher farm tax returns may signal a stable and thriving agricultural sector, an essential factor for potential investors or new residents.
Number of Mortgages by Occupancy Type in Bon Homme County, SD Over the Last 5 Years in Bon Homme County
Principal residences have consistently dominated the mortgage landscape in Bon Homme County, South Dakota, with a notable increase from 105 in 2018 to 187 in 2021. Investment property mortgages show minor fluctuations, dipping slightly from 8 in 2019 to just 3 in 2021. Second residences, although holding the smallest share, peaked unexpectedly in 2020 with 7 before dropping off. These trends might suggest a burgeoning demand for primary living spaces possibly driven by local economic factors, influencing investment opportunities and property values. For potential buyers, appraisers, and investors, understanding these shifts can guide better decision-making by highlighting areas of growth and stability.
Economic Outlook
Bon Homme County, South Dakota, has seen a steady rise in average taxable income per tax return over the last nine years, jumping from roughly $48,167.38 in 2013 to about $63,033.94 in 2021. This uptick might signal economic growth, making the area appealing for new investments and real estate development. However, with state and local income taxes increasing slightly from $4,950.00 in 2012 to $5,150.00 in 2015, investors and new residents should consider potential rising tax burdens. The... Read more
Average Taxable Income per Tax Return in Bon Homme County, SD over the last 9 years
Over the last nine years, Bon Homme County, South Dakota, has seen a generally upward trend in average taxable income per tax return. In 2013, the average was around $48,167.38, slightly increased to approximately $52,391.64 in 2014, and experienced fluctuations until it reached about $63,033.94 in 2021. This significant increase in recent years may indicate potential economic growth, making it a potentially attractive area for new investments, property development, and real estate activities.
Average State and Local Income Taxes Per Tax Return in Bon Homme County, SD Over the Last 2 Years
The average state and local income taxes per tax return in Bon Homme County, South Dakota have shown a potential increase over the last two years, rising from $4950.00 in 2012 to $5150.00 in 2015. This trend might suggest a gradual escalation in tax burden, which could be a consideration for investors, new residents, and professionals assessing the economic climate of the area. It may hint at broader economic conditions or policy changes that could influence financial decisions regarding property, investment, and insurance in the county.
Average Total Tax Liability Per Tax Return in Bon Homme County, SD Over the Last 10 Years
Over the past decade, Bon Homme County, South Dakota has witnessed fluctuations in average total tax liability per tax return, peaking at $9,052.23 in 2021. Earlier in 2014, a notable spike to $8,628.44 was observed, but subsequent years showed a general decline until 2020 where there was a resurgence to $7,671.43. These variations may reflect economic shifts, policy changes, or demographic transitions that can influence financial and development decisions for investors, appraisers, and real estate agents. Understanding these trends is crucial for anyone making financial or property-related decisions in the area.
Cost of Living in Bon Homme County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,504 | $2,395 | $1,019 | $1,032 |
| 1 adult 4 children | $1,174 | $1,228 | $1,835 | $1,019 | $1,126 |
| 2 adults 3 children | $1,174 | $1,229 | $2,076 | $1,019 | $823 |
| 1 adult 3 children | $1,174 | $1,003 | $1,516 | $1,019 | $873 |
| 2 adults 2 children | $826 | $1,006 | $1,757 | $883 | $679 |
| 1 adult 2 children | $826 | $751 | $1,197 | $883 | $609 |
| 2 adults 1 child | $826 | $795 | $1,438 | $442 | $656 |
| 1 adult 1 child | $826 | $513 | $878 | $442 | $508 |
| 2 adults | $628 | $639 | $1,119 | $0 | $567 |
| 1 adult | $575 | $348 | $560 | $0 | $457 |
Safety trends & Data
Over the past five years, property crimes in Bon Homme County, South Dakota, have shown notable fluctuations. A significant spike in 2019 saw fraud incidents reach 6.0, with increases in burglary and motor vehicle theft. However, 2020 experienced a sharp decline, especially with fraud cases falling to 1.0. Such volatility may signal underlying socio-economic changes or shifts in law enforcement efficacy, essential for investors, real estate agents, and policymakers to monitor... Read more
Property Crime Trends in Bon Homme County, SD Over the Last 5 Years
Over the past five years, property crimes in Bon Homme County, South Dakota, have fluctuated notably. There was a significant spike in 2019, particularly with fraud incidents reaching 6.0, alongside increased occurrences of burglary and motor vehicle theft. Conversely, 2020 saw a sharp decline, especially in fraud cases dropping down to 1.0. Patterns like these suggest a volatility that investors, real estate agents, and policymakers might want to watch closely, as they could signal underlying socio-economic changes or shifts in law enforcement efficacy.
Demographics
Bon Homme County, South Dakota, appears to have a predominantly male population, with males significantly outnumbering females. The county's education levels show a strong presence of high school graduates and those with some college experience, but relatively fewer residents hold graduate or professional degrees. Age distribution trends suggest a fairly balanced spread across age groups, with notable concentrations in the 25-34 and 55-64 brackets. Racially, the population is overwhelmingly... Read more
Race Distribution in Bon Homme County, South Dakota (2022)
Educational Attainment in Bon Homme County, South Dakota (2022)
Age Distribution in Bon Homme County, South Dakota
Citizen Population in Bon Homme County, South Dakota (2022)
Political Trends & Data
In Bon Homme County, South Dakota, the 2020 Presidential Election results suggest a strong leaning towards Republican candidates, capturing around 74% of the vote. Democratic candidates saw about 24%, and Libertarians a minimal 1.5%. The virtual absence of Green party votes might hint at limited political diversity among smaller parties in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Bon Homme County, South Dakota, the 2020 U.S. Presidential Election results potentially point to a significant favor towards Republican candidates, with roughly 74% of the vote. Democratic support was comparatively modest, around 24%, while Libertarian presence was minimal at approximately 1.5%. The absence of Green party votes might suggest limited political diversity among smaller parties in this region.
74.48% of voters voted for the Republican party in the 2020 Presidential Election
24.03% of voters voted for the Democrat party in the 2020 Presidential Election
1.50% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Bon Homme County, South Dakota, has maintained a student-to-teacher ratio of around 13 students per teacher, marginally better than the national average of 14. This potentially indicates more personalized education, which could be appealing for families considering relocation or investing in the area. For real estate professionals, appraisers, and insurers, this metric might hint at a favorable educational environment, which can influence property values and associated... Read more
Student-to-teacher ratio in Bon Homme County, South Dakota over the last 10 years
Bon Homme County, South Dakota, has experienced some minor fluctuations in its student-to-teacher ratio over the past decade, generally hovering around 13 students per teacher. This trend is relatively close to but slightly below the national average of 14 students per teacher. Such a ratio might suggest more personalized attention and potentially better educational outcomes for students in this area. For families looking to move, invest in property, or those involved in real estate, a slightly lower student-to-teacher ratio could be a selling point, indicating a favorable learning environment. Similarly, for appraisers and insurance agents, this could be a metric worth noting when assessing property values and associated risks in the educational quality context of Bon Homme County.
