Brule County Real Estate and Livability Trends
Brule County, South Dakota's real estate market has shown noticeable activity with median home values rising from $102,900 in 2015 to $187,900 in 2022, reflecting a robust local market. Average taxable incomes peaked at $60,113.28 in 2021, contributing to an enticing economic base for potential investors. Real estate taxes spiked to $4,550.00 in 2020, possibly indicating higher property values or... Read more
Brule County Market Trends
In Brule County, South Dakota, median home values have surged from $102,900 in 2015 to $187,900 in 2022, outpacing national growth but remaining more affordable than state averages. This upward trajectory highlights a robust market with potential for substantial returns. The residential energy tax credit fluctuated, peaking at $375.00 in 2014 and dropping to $166.67 by 2016, which may impact... Read more
Median Value of Occupied Housing Units in Brule County, South Dakota Over the Last 8 Years
In Brule County, South Dakota, median home values have surged from $102,900 in 2015 to $187,900 in 2022. This local growth outpaces national figures, where home values moved from $125,500 to $179,400 in the same period, and also trails the state trend, as South Dakota's average escalated from $140,500 to $219,500. Potential investors or residents might find Brule County an interesting prospect given its strong performance relative to national trends, though it remains more affordable than state-level averages. The trajectory indicates a robust market that could yield substantial returns or represent a cost-effective entry into South Dakota's housing market.
Residential Energy Tax Credit Per Tax Return in Brule County, SD Over the Last 4 Years
In Brule County, South Dakota, there seems to be a varied trend in the average residential energy tax credit per tax return over the past four years. The peak was around $375.00 in 2014, showcasing a higher incentive for residential energy improvements at that time. However, by 2016, the average credit sharply dropped to approximately $166.67, which may imply changes in policy or reduced uptake. This fluctuating credit landscape is particularly important for prospective homeowners and real estate investors, as it may impact the overall appeal of energy-efficient property investments in the area.
Average Real Estate Taxes Per Tax Return in Brule County, SD Over the Last 10 Years
In Brule County, South Dakota, real estate taxes per tax return have seen a noticeable rise over the last decade, peaking sharply in 2020 at $4550.00. Although there were fluctuations, the overall trend shows an increase, particularly significant between 2018 and 2019, where a sharp jump from $2450.00 to $3866.67 was observed. This trend could influence property investment decisions, tax planning, and insurance evaluations, as the rising taxes may indicate an increase in property values or local government revenue needs. For potential buyers, appraisers, and real estate agents, this data suggests a dynamic market where careful consideration of tax rates is essential.
Percentage of Farm Returns in Brule County, SD Over the Last 10 Years
Brule County, South Dakota, has seen the percentage of farm tax returns hover around 15% over the last decade. Peaks occurred in 2015 with 17.19% and in 2016 with 16.53%, indicating stronger agricultural activity during those years. However, there's been a notable decline, bottoming out at roughly 14.09% in 2021. For investors, this fluctuating but slightly declining trend suggests a need to closely examine local agricultural policies and market conditions, as farm returns are a critical economic indicator for rural areas like Brule County.
Number of Mortgages by Occupancy Type in Brule County, SD Over the Last 5 Years in Brule County
Brule County, South Dakota, has seen fluctuating yet relatively consistent mortgage counts for investment properties, with numbers hovering around 9-13 per year, while principal residences have shown more variation, peaking at 184 in 2021 and dipping to 109 in 2018. Second residences remained minimal, with a slight uptick in 2020. For those looking to invest, changes in occupancy type could offer insight into market stability, potential rental demand, and the overall economic health of the area. Appraisers and real estate agents might notice shifts in home value appreciations or rental yields, while insurance agents may adjust risk assessments based on the predominance of primary residences versus investment properties. Those moving to or currently living in Brule County might find these trends useful for gauging neighborhood dynamics and future property value trajectories.
Economic Outlook
The trend in Brule County, South Dakota shows a mostly upward movement in average taxable income per tax return, peaking at $60,113.28 in 2021. This steady increase, especially between 2019 and 2021, suggests a growing economic base that could be enticing for investors and real estate agents. Average total tax liability per tax return has shown variability, peaking at $9,750.00 in 2021 after a steady rise from $7,073.40 in 2013, implying a sometimes diverse economic environment that could... Read more
Average Taxable Income per Tax Return in Brule County, SD over the last 9 years
The trend in Brule County, South Dakota shows a mostly upward movement in average taxable income per tax return over the past nine years, peaking at $60,113.28 in 2021. Such a steady increase, especially the notable rise between 2019 and 2021, suggests a growing economic base that could be enticing for investors and real estate agents. Given the upward trajectory, new businesses or homeowners might find this economic stability attractive. Appraisers and insurance agents might also view this as a positive indicator of the region's financial health.
Average Total Tax Liability Per Tax Return in Brule County, SD Over the Last 10 Years
Average total tax liability per tax return in Brule County, South Dakota has shown variability over the past decade, peaking at $9,750.00 in 2021 after a steady rise from $7,073.40 in 2013. Notable increases were also seen in 2014 and 2017. This fluctuation suggests a sometimes diverse economic environment, impacting tax liabilities. Understanding these trends is crucial for real estate agents, investors, and appraisers as it reflects broader economic factors that could influence property values and cost of living.
Cost of Living in Brule County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,504 | $2,395 | $1,019 | $1,005 |
| 1 adult 4 children | $1,174 | $1,228 | $1,835 | $1,019 | $1,094 |
| 2 adults 3 children | $1,174 | $1,229 | $2,076 | $1,019 | $800 |
| 1 adult 3 children | $1,174 | $1,003 | $1,516 | $1,019 | $846 |
| 2 adults 2 children | $826 | $1,006 | $1,757 | $883 | $663 |
| 1 adult 2 children | $826 | $751 | $1,197 | $883 | $593 |
| 2 adults 1 child | $826 | $795 | $1,438 | $442 | $645 |
| 1 adult 1 child | $826 | $513 | $878 | $442 | $502 |
| 2 adults | $628 | $639 | $1,119 | $0 | $561 |
| 1 adult | $575 | $348 | $560 | $0 | $459 |
Safety trends & Data
Brule County, South Dakota offers a dynamic property crime landscape that could influence real estate decisions. Burglary peaked in 2020 with 4 cases, while larceny-theft has fluctuated, notably dipping to just 1 case in 2021. Motor vehicle theft hit a high of 3 cases in 2020, and vandalism has remained steady at 2 incidents in both 2018 and 2022. These trends could be critical for insurers and investors assessing risk and property... Read more
Property Crime Trends in Brule County, SD Over the Last 5 Years
Brule County, South Dakota has seen a varied landscape of property crimes over the last five years. While burglary incidents peaked in 2020 with 4 reported cases, larceny-theft has shown fluctuating numbers with 4 incidents in both 2019 and 2022, but a notable dip to just 1 case in 2021. Motor vehicle theft appears sporadic, with the highest being 3 cases in 2020. Vandalism has remained relatively steady, sustaining 2 incidents both in 2018 and 2022. This information highlights potential areas of concern for insurers and real estate investors who should be aware of the dynamic property crime trends when assessing risk and property values.
Demographics
Brule County, South Dakota, appears to have a nearly balanced adult gender population with a slight male majority. Educational attainment shows a significant proportion have at least a high school diploma, but fewer residents possess a bachelor's or graduate degree. The county’s age distribution skews older, with a noticeable number of residents in the 55 to 64 age bracket. Racially, the population is predominantly white, with a minor yet present American Indian and Alaska Native community.... Read more
Race Distribution in Brule County, South Dakota (2022)
Educational Attainment in Brule County, South Dakota (2022)
Age Distribution in Brule County, South Dakota
Citizen Population in Brule County, South Dakota (2022)
Political Trends & Data
Brule County, South Dakota, exhibited a significant preference for the Republican party in the 2020 U.S. Presidential Election, capturing around 70% of the vote. Democratic candidates managed roughly 27%, and Libertarians nearly 3%, while the Green party received no support at all. This voting pattern could suggest a political climate that is heavily skewed towards conservative values, potentially impacting local policies, economic activities, and even real estate development trends in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Brule County, South Dakota, showed a strong lean towards the Republican party in the 2020 U.S. Presidential Election, with approximately 70% of the votes. Democrats garnered around 27%, while Libertarians received nearly 3%. Interesting to note is the complete absence of votes for the Green party, indicating very limited support for third-party candidates in this region.
70.28% of voters voted for the Republican party in the 2020 Presidential Election
27.03% of voters voted for the Democrat party in the 2020 Presidential Election
2.69% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Brule County, South Dakota has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher over the past decade. It started at around 11 students per teacher in 2014, peaked near 13 in 2015, but has since stabilized to about 12. This potentially makes the area attractive for families seeking personalized education and could drive up demand for local real estate. The trend also hints at a community investing in education, which might suggest a stable... Read more
Student-to-teacher ratio in Brule County, South Dakota over the last 10 years
Over the last decade, Brule County, South Dakota has seen its student-to-teacher ratio fluctuate but remain below the national average of 14 students per teacher. Starting at around 11 students per teacher in 2014, the ratio peaked at nearly 13 in 2015 but has gradually trended downwards, stabilizing around 12 students per teacher in recent years. This lower student-to-teacher ratio might appeal to families valuing more personalized education, potentially driving up demand for local real estate and making it an attractive spot for educators. Investors and developers might also find this trend indicative of a community investing in education, suggesting a stable or growing population that could prove beneficial for long-term investments.
