Buffalo County Real Estate and Livability Trends
In Buffalo County, South Dakota, fluctuating income levels reveal intriguing economic volatility, with average taxable income peaking at around $36,396.55 in 2021 after a notable dip in 2016. Median home values have seen significant growth from $49,000 in 2019 to $103,800 in 2022, suggesting a potential for appreciation. The number of mortgage applications peaked in 2019 but then declined,... Read more
Buffalo County Market Trends
The median home values in Buffalo County, South Dakota have fluctuated, with the lowest value at $49,000 in 2019 and the highest at $103,800 in 2022. Despite the occasional dips, these figures suggest potential for appreciation compared to broader state and national trends. Farm return percentages varied between 6.76% and 8.82%, indicating the region's agricultural income health, which could... Read more
Median Value of Occupied Housing Units in Buffalo County, South Dakota Over the Last 8 Years
The median home values in Buffalo County, South Dakota have seen some fluctuations over the past eight years, with the lowest value recorded at $49,000 in 2019 and the highest at $103,800 in 2022. Despite occasional dips, the latest figures suggest growth compared to both state and national trends. For example, South Dakota's median values steadily increased from $140,500 in 2015 to $219,500 in 2022, with national values rising from $125,500 to $179,400 in the same period. This makes Buffalo County an interesting local market for investors or homebuyers looking for relatively lower median home values with potential for appreciation.
Percentage of Farm Returns in Buffalo County, SD Over the Last 10 Years
Buffalo County, South Dakota has seen varied trends in farm return percentages over the past decade, fluctuating between about 6.76% and 8.82%. These farm tax returns, indicating farmers' income and taxable profits, are important markers of agricultural viability. A higher percentage might suggest relatively healthier farm incomes, making the region potentially attractive for investment and property development. For residents and potential movers, these figures offer insights into the local agricultural economy's health and stability over time.
Number of Mortgages by Occupancy Type in Buffalo County, SD Over the Last 5 Years in Buffalo County
The number of mortgages for principal residences in Buffalo County, South Dakota, has seen fluctuating trends over the past five years, with a peak in 2019, followed by a decline. This variability in mortgage counts may impact property values and indicate shifting housing demands, crucial information for investors, developers, and real estate agents. Changes in occupancy type can signal economic conditions, affecting appraisals and insurance assessments significantly by altering risk profiles and market stability perception.
Economic Outlook
Buffalo County, South Dakota's real estate market shows intriguing economic volatility, particularly in average taxable income per tax return. After a peak in 2015 at approximately $29,464.71, there was a notable dip to $23,977.61 in 2016, with a significant upswing to $36,396.55 by 2021. This fluctuating income landscape might indicate varying economic conditions but also potential opportunities for investors or new residents. Similarly, the average total tax liability per tax return saw peaks... Read more
Average Taxable Income per Tax Return in Buffalo County, SD over the last 9 years
Buffalo County, South Dakota has seen some noticeable fluctuations in average taxable income per tax return over the past nine years. While there was a steady increase from 2013 to 2015, with a peak at around $29,464.71, a significant dip occurred in 2016, dropping to $23,977.61, followed by relatively low figures until 2019. Interestingly, 2021 showed a substantial rise to $36,396.55. This pattern might suggest economic volatility, but the recent upswing could be an opportunity for potential investors or those looking to move into the area. Real estate agents, appraisers, and insurance agents could also find these trends relevant as they reflect directly on the changing economic landscape of Buffalo County.
Average Total Tax Liability Per Tax Return in Buffalo County, SD Over the Last 10 Years
Buffalo County, South Dakota has shown fluctuating average total tax liability per tax return over the past decade, with notable peaks around 2014 ($4,380.00) and 2021 ($4,436.84). Despite the volatility, the trend suggests potential variability in economic conditions impacting tax liabilities. This could be significant for those considering investment, real estate development, or evaluating insurance and appraisal values in the area, indicating a potentially unstable tax burden landscape.
Cost of Living in Buffalo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,069 | $1,472 | $2,395 | $1,019 | $950 |
| 1 adult 4 children | $1,069 | $1,202 | $1,835 | $1,019 | $1,027 |
| 2 adults 3 children | $1,069 | $1,202 | $2,076 | $1,019 | $749 |
| 1 adult 3 children | $1,069 | $982 | $1,516 | $1,019 | $782 |
| 2 adults 2 children | $878 | $984 | $1,757 | $883 | $668 |
| 1 adult 2 children | $878 | $735 | $1,197 | $883 | $601 |
| 2 adults 1 child | $878 | $778 | $1,438 | $442 | $650 |
| 1 adult 1 child | $878 | $502 | $878 | $442 | $508 |
| 2 adults | $667 | $625 | $1,119 | $0 | $562 |
| 1 adult | $611 | $341 | $560 | $0 | $460 |
Safety trends & Data
In Buffalo County, South Dakota, property crime trends have shown dynamic shifts over the last three years. Larceny-theft saw a dramatic drop from 6.0 cases in 2018 to just 1.0 case in 2019, with no reported instances in 2020. Motor vehicle theft, however, fluctuated significantly, peaking at 9.0 cases in 2018, dipping to 1.0 case in 2019, and rising again to 6.0 cases in 2020. Vandalism incidents remained relatively low, showing only slight variations. Interestingly, 2020 noted the appearance... Read more
Property Crime Trends in Buffalo County, SD Over the Last 3 Years
In Buffalo County, South Dakota, property crime trends have shown dynamic shifts over the last three years. Larceny-theft saw a dramatic drop from 6.0 cases in 2018 to just 1.0 case in 2019, with no reported instances in 2020. Motor vehicle theft, on the other hand, fluctuated significantly, peaking at 9.0 cases in 2018, dipping to 1.0 case in 2019, and rising again to 6.0 cases in 2020. Vandalism incidents remained relatively low, showing only slight variations. Furthermore, 2020 noted the appearance of offenses related to stolen property, with 2.0 reported cases. These trends suggest a volatile property crime landscape, important for potential investors, insurers, and real estate professionals to consider.
Demographics
Buffalo County, South Dakota exhibits a population with more males than females, accounting for around 53% of the total adult population. Educational attainment seems somewhat limited; a significant portion of the population hasn't completed high school, while those holding a bachelor's degree or higher are notably sparse. The age distribution skews younger, with a considerable segment under 25 years old. Racially, the county is predominantly American Indian and Alaska Native, representing the... Read more
Race Distribution in Buffalo County, South Dakota (2022)
Educational Attainment in Buffalo County, South Dakota (2022)
Age Distribution in Buffalo County, South Dakota
Citizen Population in Buffalo County, South Dakota (2022)
Political Trends & Data
Buffalo County, South Dakota, exhibited a surprising political tilt during the 2020 U.S. Presidential Election, with Democrats garnering around 64.1% of the vote compared to Republicans' 33.3% and a small Libertarian presence at 2.6%. This Democratic inclination stands out in a state typically dominated by Republican votes, highlighting an unusual political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Buffalo County in South Dakota showed a notable preference for the Democratic party in the 2020 U.S. Presidential Election, capturing around 64.1% of the vote. The Republican party secured roughly 33.3%, while Libertarian representation was minimal at just about 2.6%. This suggests a potentially unexpected leaning in an otherwise predominantly Republican state, indicating a unique political landscape within this county.
33.33% of voters voted for the Republican party in the 2020 Presidential Election
64.12% of voters voted for the Democrat party in the 2020 Presidential Election
2.55% of voters voted for the Livertarian party in the 2020 Presidential Election
