Butte County Real Estate and Livability Trends
Butte County, South Dakota's real estate market appears to be gaining traction, paralleled by a rise in average taxable income from $42,664.93 in 2013 to $58,584.46 in 2021, potentially attracting investment interest. Home values have jumped from $118,600 in 2015 to $189,000 in 2022, though still below broader averages. Real estate taxes also rose from $2,873.68 in 2012 to $4,022.22 in 2020,... Read more
Butte County Market Trends
In Butte County, South Dakota, median home values have surged from $118,600 in 2015 to $189,000 in 2022, though they still trail statewide and national averages. The county has also seen a notable increase in real estate taxes, growing from $2,873.68 in 2012 to $4,022.22 in 2020. There have been spikes in residential energy tax credits, with a high of $412.50 in 2015, signaling potential interest... Read more
Median Value of Occupied Housing Units in Butte County, South Dakota Over the Last 8 Years
In Butte County, South Dakota, median home values have seen a significant rise over the past eight years, growing from $118,600 in 2015 to $189,000 in 2022. This increase is particularly interesting when compared to the statewide trend in South Dakota, where median values grew from $140,500 to $219,500, and the national trend, which saw values go from $125,500 to $179,400 during the same period. For those looking to invest or build property in Butte County, this data suggests that while property values are rising, they are doing so at a different rate compared to the state and national averages. This nuanced view can help potential investors and residents make more informed decisions about the housing market in the region.
Residential Energy Tax Credit Per Tax Return in Butte County, SD Over the Last 6 Years
Butte County, South Dakota has experienced fluctuations in average residential energy tax credits over the last six years, with a significant spike to $412.50 in 2015. This variability indicates changing investments in energy efficiency. Elevated tax credits may hint at community efforts towards sustainable living, presenting potential opportunities for investors and property developers interested in eco-friendly initiatives, as well as for insurance agents considering the impact of energy-efficient upgrades on property valuations.
Average Real Estate Taxes Per Tax Return in Butte County, SD Over the Last 10 Years
Over the past decade, Butte County, South Dakota, has experienced a notable increase in real estate taxes per tax return, beginning at roughly $2,873.68 in 2012 and peaking around $4,022.22 in 2020. This upward trend, with fluctuations, indicates a growing financial burden on homeowners and suggests rising property values or increased tax rates. This pattern may be of interest to potential investors, real estate agents, or anyone considering property developments, as it could affect overall profit margins and living costs in the area.
Percentage of Farm Returns in Butte County, SD Over the Last 10 Years
Farm tax returns in Butte County, South Dakota have fluctuated slightly over the past decade, generally hovering around 11% to nearly 12%. For those considering investments or property in the area, it might signal a relatively stable agricultural sector. However, slight annual variations suggest monitoring for economic shifts. Farm tax returns, reflecting income declared by farmers, offer insights into the local economy's health and are vital for evaluating rural development and land value trends.
Number of Mortgages by Occupancy Type in Butte County, SD Over the Last 5 Years in Butte County
In Butte County, South Dakota, the number of mortgages for principal residences saw a notable increase from 2018 to 2021, peaking at 613 before dropping to 450 in 2022. Investment properties and second residences, although significantly fewer in number, have shown more stability over time. Shifting occupancy types impact market dynamics—more principal residences may indicate growth in long-term, stable residents which is appealing for local businesses and community services. A rise in investment properties could imply increasing interest from real estate investors, possibly leading to higher rental options and potentially influencing local housing prices. These trends hold particular interest for investors, real estate agents, and appraisers assessing the market's future potential.
Economic Outlook
Butte County, South Dakota's real estate market may be on the rise given the significant growth in the average taxable income per tax return from $42,664.93 in 2013 to $58,584.46 in 2021. This economic improvement could attract investors and developers. The county's state and local income taxes have shown variability, peaking at $8,650.00 in 2020, suggesting potential local tax policy shifts or income changes that might affect financial planning for newcomers. Total tax liabilities have also... Read more
Average Taxable Income per Tax Return in Butte County, SD over the last 9 years
The average taxable income per tax return in Butte County, South Dakota has seen considerable growth from 2013 to 2021, with notable increases around 2014 and a strong upward trend from 2018 onward. In 2013, the average taxable income was approximately $42,664.93, while by 2021 it had risen significantly to around $58,584.46. Such growth hints at a potentially improving economic landscape, making Butte County a compelling area for investment, property development, and relocation. These income trends could resonate with appraisers and insurance agents needing updated economic profiles for the region's housing and business markets.
Average State and Local Income Taxes Per Tax Return in Butte County, SD Over the Last 7 Years
Over the last seven years in Butte County, South Dakota, average state and local income taxes per tax return have shown considerable fluctuation, peaking notably in 2020 at $8,650.00. This variability, particularly the dramatic increase seen in 2020, may suggest shifts in local tax policies or significant changes in resident income levels. For those considering investment, relocation, or property development in the area, understanding these tax trends is essential for financial planning. Real estate agents and appraisers could similarly find this data useful for advising clients on long-term cost implications.
Average Total Tax Liability Per Tax Return in Butte County, SD Over the Last 10 Years
Over the last decade, Butte County, South Dakota has seen notable fluctuations in average total tax liability per tax return. Beginning at $6,077.54 in 2012, liabilities climbed steadily to a high of $7,163.79 by 2014. After experiencing minor ups and downs, a significant jump occurred in 2021 with the liability peaking at $8,034.26. This trend could suggest shifting economic landscapes, potential increases in income levels, or changes in local taxation policies, making it a point of interest for investors, real estate agents, and those contemplating a move to the county.
Cost of Living in Butte County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,126 | $1,568 | $2,749 | $1,013 | $1,139 |
| 1 adult 4 children | $1,126 | $1,281 | $2,109 | $1,013 | $1,221 |
| 2 adults 3 children | $1,126 | $1,281 | $2,382 | $1,013 | $905 |
| 1 adult 3 children | $1,126 | $1,046 | $1,742 | $1,013 | $949 |
| 2 adults 2 children | $925 | $1,049 | $2,015 | $878 | $771 |
| 1 adult 2 children | $925 | $783 | $1,375 | $878 | $708 |
| 2 adults 1 child | $925 | $829 | $1,648 | $439 | $737 |
| 1 adult 1 child | $925 | $535 | $1,007 | $439 | $570 |
| 2 adults | $703 | $666 | $1,281 | $0 | $630 |
| 1 adult | $646 | $363 | $640 | $0 | $501 |
Safety trends & Data
Butte County, South Dakota has experienced varied yet stable property crime trends over the past five years. Burglary incidents dipped to a low of 1.0 in 2021 and were absent in 2022. Larceny-theft cases mostly ranged from 2.0 to 4.0 per year, peaking at 4.0 in 2020. Motor vehicle theft and fraud remained infrequent, each below 2.0 annually. Vandalism saw spikes, notably in 2019, but stabilized at 1.0 by the period's end. This relatively low and consistent crime activity can be insightful for... Read more
Property Crime Trends in Butte County, SD Over the Last 5 Years
Property crime trends in Butte County, South Dakota over the past five years show a fairly stable if varied pattern. Burglary incidents began at 2.0 in 2018, reached a low of 1.0 in 2021, and did not appear in 2022. Larceny-theft cases fluctuated but generally hovered around 2.0-4.0 arrests per year, peaking in 2020 with 4.0 incidents. Motor vehicle theft and fraud were comparatively less frequent, with values not exceeding 2.0 in any given year. Vandalism saw several upticks, particularly in 2019, though stabilized at 1.0 by the end of the period. These trends may suggest relatively low but consistent property crime activity, useful for anyone evaluating the area's safety and risk factors.
Demographics
Butte County in South Dakota shows a fairly balanced gender distribution with almost equal numbers of males and females. The educational attainment varies widely, with a notable proportion having only a high school diploma or some college education, while fewer residents have obtained higher degrees. The age distribution suggests a community with a sizable number of children and a broad spread across other age groups, indicating a potentially stable population pyramid. The racial composition... Read more
Race Distribution in Butte County, South Dakota (2022)
Educational Attainment in Butte County, South Dakota (2022)
Age Distribution in Butte County, South Dakota
Citizen Population in Butte County, South Dakota (2022)
Political Trends & Data
Butte County, South Dakota, notably leaned Republican in the 2020 U.S. Presidential Election, with about 78% of the votes seemingly favoring the Republican Party. The Democrats managed around 20%, and third-party candidates, such as the Libertarians, garnered minimal support at approximately 3%. These voting patterns might reflect broader political tendencies in rural parts of South... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Butte County, South Dakota, saw a significant leaning towards Republican representation in the 2020 U.S. Presidential Election, with approximately 78% of the votes potentially going to the Republican Party. The Democratic Party trailed with nearly 20%, while third-party representation, like the Libertarian vote, was minimal at around 3%. Voter preferences in this region could be indicative of broader political trends in rural areas of the state.
77.70% of voters voted for the Republican party in the 2020 Presidential Election
19.55% of voters voted for the Democrat party in the 2020 Presidential Election
2.75% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Butte County, South Dakota has experienced varied student-to-teacher ratios over the past decade, with figures ranging from roughly 13 to nearly 17 students per teacher in 2015. This pattern, occasionally surpassing the national average of 14, might suggest shifts in school funding, population trends, or staffing strategies, impacting the area's appeal to families and potential... Read more
Student-to-teacher ratio in Butte County, South Dakota over the last 10 years
Butte County, South Dakota has seen fluctuations in its student-to-teacher ratio over the last decade, with values ranging from approximately 13 students per teacher to nearly 17 in 2015. While the national average is around 14 students per teacher, Butte County has occasionally exceeded this benchmark, particularly in 2015 and 2017. Such variations in student-to-teacher ratios could indicate changes in school funding, population shifts, or educational staffing decisions, potentially influencing the area's attractiveness to families and investors.
