Clark County Real Estate and Livability Trends
Clark County, South Dakota has seen the median value of occupied housing units skyrocket from $76,100 in 2015 to $135,500 in 2022, a growth rate that outpaces both state and national trends. Rising average taxable income and a significant increase in energy-efficient home improvements further highlight the area's economic stability and forward-looking investment in sustainability. Despite... Read more
Clark County Market Trends
Clark County, South Dakota, has experienced a remarkable increase in the median value of occupied housing units, shooting up from $76,100 in 2015 to $135,500 in 2022, outpacing both state and national growth rates. This notable rise indicates a maturing real estate market with potential for strong appreciation, appealing to investors and homeowners alike. Moreover, fluctuations in residential... Read more
Median Value of Occupied Housing Units in Clark County, South Dakota Over the Last 8 Years
Clark County, South Dakota has seen an impressive increase in the median value of occupied housing units from $76,100 in 2015 to $135,500 in 2022. This growth trend is quite striking when compared to state and national figures. While South Dakota overall had median values increasing from $140,500 to $219,500 in the same period, nationally the numbers went from $125,500 to $179,400. Clark County's rising home values signal a maturing market that could attract investors looking for promising appreciation potential. This upward trajectory is not only vital for current homeowners enjoying increased equity but also offers potential for promising returns for those considering purchasing or developing property in the region.
Residential Energy Tax Credit Per Tax Return in Clark County, SD Over the Last 4 Years
Over the past four years, Clark County, South Dakota, has seen notable fluctuations in the average residential energy tax credit per tax return. In 2013, the average credit was $525.00, which significantly dropped to $200.00 in 2014. However, by 2015, there was a substantial increase to $1,150.00, and it remained relatively high at approximately $1,133.33 in 2016. This volatility suggests varying levels of investment in energy-efficient home improvements, presenting potential opportunities for investors and real estate agents to capitalize on the growing emphasis on energy savings. For homeowners and builders, this trend may imply beneficial incentives for energy-efficient upgrades, aligning with broader environmental initiatives.
Average Real Estate Taxes Per Tax Return in Clark County, SD Over the Last 6 Years
Clark County, South Dakota has seen a noticeable increase in average real estate taxes per tax return over the past six years. From approximately $1,808.33 in 2012 to roughly $2,481.82 in 2017, this trend suggests rising property values and potentially increased municipal funding. This information could be crucial for investors and real estate professionals evaluating the region's growth and for residents understanding their tax liabilities over time.
Percentage of Farm Returns in Clark County, SD Over the Last 10 Years
Over the last decade, Clark County, South Dakota, has displayed fluctuating percentages of farm tax returns, generally ranging from 23.39% to 27.59%. The highest point was in 2013 at 27.59%, while the lowest was in 2021 at 23.39%. Farm tax returns, which indicate the share of tax filings from farm income, can provide potential investors, property developers, and those interested in relocating to this agricultural region with insights into the local farming economy's stability and growth trends. For residents, understanding these variations can shed light on broader economic shifts that may influence future development and living conditions in Clark County.
Number of Mortgages by Occupancy Type in Clark County, SD Over the Last 5 Years in Clark County
In Clark County, South Dakota, mortgage trends indicate a dominant preference for principal residences over the past five years, with numbers peaking in 2021 at 123 mortgages. This shift could signal a tight residential market which may affect property values and rental demand. Notably, investment property mortgages saw a significant drop from 7 in 2020 to just 3 in subsequent years, potentially hinting at a challenging investment climate or a move toward owner-occupied developments. Meanwhile, second residence mortgages remained particularly low, suggesting limited interest in vacation or secondary homes in the area. These occupancy shifts could impact investment strategies, property appraisal values, and insurance assessments.
Economic Outlook
Clark County, South Dakota is showing an upward trend in average taxable income, rising from $52,086.55 in 2017 to a peak of $69,387.85 in 2021. This growth trend could appeal to real estate agents, investors, and developers as it indicates increasing financial stability and potential economic growth. On the tax front, the average total tax liability per tax return has fluctuated over the past decade, peaking at $10,450.75 in 2012 and dipping to $8,329.71 in 2017. Monitoring these trends may... Read more
Average Taxable Income per Tax Return in Clark County, SD over the last 9 years
The average taxable income per tax return in Clark County, South Dakota has shown variability over the past nine years, with figures ranging from $52,086.55 in 2017 to a peak of $69,387.85 in 2021. Notably, there's been a general upward trend despite some fluctuations, indicating potential economic growth or other positive factors influencing income levels in the area. This trend could be attractive to real estate agents and investors looking for areas with increasing financial stability, and also to developers eyeing regions with improving economic prospects. For appraisers and insurance agents, understanding this trend aids in accurately assessing property values and risk profiles.
Average Total Tax Liability Per Tax Return in Clark County, SD Over the Last 10 Years
Over the past decade, Clark County, South Dakota has seen a fluctuating average total tax liability per tax return, with peaks in 2012 at $10,450.75 and dips notably in 2017 at $8,329.71. This variability may be relevant for potential investors, real estate agents, and local residents who are keeping an eye on economic stability and tax trends in the area. For those considering property investments or evaluating financial commitments in Clark County, understanding these tax trends could offer insights into the fiscal dynamics and potential for future shifts in the tax landscape.
Cost of Living in Clark County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,496 | $2,458 | $1,019 | $1,004 |
| 1 adult 4 children | $1,005 | $1,222 | $1,884 | $1,019 | $1,088 |
| 2 adults 3 children | $1,005 | $1,222 | $2,130 | $1,019 | $794 |
| 1 adult 3 children | $1,005 | $998 | $1,557 | $1,019 | $833 |
| 2 adults 2 children | $826 | $1,000 | $1,803 | $883 | $702 |
| 1 adult 2 children | $826 | $747 | $1,229 | $883 | $638 |
| 2 adults 1 child | $826 | $791 | $1,475 | $442 | $678 |
| 1 adult 1 child | $826 | $511 | $901 | $442 | $527 |
| 2 adults | $628 | $635 | $1,148 | $0 | $586 |
| 1 adult | $575 | $346 | $574 | $0 | $473 |
Safety trends & Data
Clark County, South Dakota, seems to have maintained a low property crime rate over the past four years, with larceny-theft peaking at just $2.00 in 2019 and $1.00 in 2021. Isolated incidents of burglary and motor vehicle theft were reported in the same years, while vandalism only appeared in 2020 and 2022. This suggests a relatively safe environment, which could appeal to investors and residents who prioritize... Read more
Property Crime Trends in Clark County, SD Over the Last 4 Years
Clark County, South Dakota, has seen relatively minimal property crime activity over the past four years. Instances of larceny-theft were slightly higher in 2019 and 2021, with 2.00 and 1.00 respectively, compared to other crimes. Isolated incidents of burglary and motor vehicle theft occurred in 2019 and 2021, with vandalism appearing in both 2020 and 2022. This suggests that while property crime is present, its frequency is quite low, making it potentially attractive for investors and residents prioritizing safety.
Demographics
Clark County, South Dakota, sports a relatively balanced gender distribution with males slightly edging out females. The educational landscape reveals the bulk of adults possess a high school diploma or some college experience, but fewer achieve bachelor's or advanced degrees. The age structure hints at a higher senior population, with notable concentrations of residents under 10 and between 55 and 74. Racially, the county is overwhelmingly White, with marginal representation from other races.... Read more
Race Distribution in Clark County, South Dakota (2022)
Educational Attainment in Clark County, South Dakota (2022)
Age Distribution in Clark County, South Dakota
Citizen Population in Clark County, South Dakota (2022)
Political Trends & Data
Clark County, South Dakota's leaning towards the Republican party in the 2020 U.S. Presidential Election, with around 74.2% of votes, reflects broader rural voting patterns, while Democrats captured roughly 23.6%. The negligible impact of minor parties indicates a strong two-party preference, potentially influencing local community and public policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clark County, South Dakota, may have seen a significant lean towards the Republican party in the 2020 U.S. Presidential Election, possibly reflecting broader rural voting patterns. With around 74.2% of votes going Republican and roughly 23.6% for Democrats, the county's political landscape is skewed. Minor parties such as the Libertarians barely made a dent, suggesting a strong two-party preference among voters.
74.22% of voters voted for the Republican party in the 2020 Presidential Election
23.62% of voters voted for the Democrat party in the 2020 Presidential Election
2.16% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Clark County, South Dakota, student-to-teacher ratios have consistently outperformed the national average of fourteen students per teacher, peaking at 13.51 in 2014 and dropping to 10.62 in 2015. This trend highlights a possible focus on smaller class sizes, which could attract families, influence property values, and provide valuation insights for real estate agents. For builders and insurance agents, recognizing these dynamics might also help in assessing community needs and growth... Read more
Student-to-teacher ratio in Clark County, South Dakota over the last 10 years
Clark County, South Dakota has shown a notable trend in student-to-teacher ratios over the past decade, consistently maintaining lower ratios compared to the national average of fourteen students per teacher. This fluctuation, with peaks at 13.51 in 2014 and a significant drop to 10.62 in 2015, suggests a commitment to maintaining smaller class sizes. Lower student-to-teacher ratios can enhance educational quality and individual attention, which might be appealing for families considering relocation, investors in education-based infrastructure, appraisers evaluating property values, and real estate agents promoting the area. For insurance agents and builders, understanding these dynamics can aid in assessing community needs and growth potential, ultimately influencing their services and investments in the region.
