Clay County Real Estate and Livability Trends
Clay County, South Dakota's real estate market might be heating up, thanks to rising average taxable incomes—from $52,032.18 in 2013 to $69,522.64 in 2021—suggesting more affluent residents and economic stability. Median home values reached around $209,300 in 2022, outpacing both state and national averages, indicating a potentially lucrative market. Tax variables, including a peak at... Read more
Clay County Market Trends
Clay County, South Dakota's real estate market has demonstrated robust growth, with median home values hitting approximately $209,300 in 2022, surpassing both state and national averages. This suggests a vibrant market, potentially lucrative for investors. Fluctuations in Residential Energy Tax Credit amounts, spiking notably in 2014 and 2019, hint at intermittent interest in energy-efficient... Read more
Median Value of Occupied Housing Units in Clay County, South Dakota Over the Last 8 Years
Over the last eight years, Clay County's median home values have seen a consistent upward trend, reaching $209,300 in 2022. This increase is somewhat mirrored in the broader state of South Dakota, which jumped to $219,500 in the same year. Compared to the national median of $179,400 in 2022, Clay County's values reflect a more aggressive growth, particularly notable between 2019 and 2022. For investors, this upward momentum in Clay County could suggest a dynamic market, making it potentially lucrative for real estate ventures. Prospective homeowners and builders might find this trend indicative of growing demand and a favorable investment climate within the county.
Residential Energy Tax Credit Per Tax Return in Clay County, SD Over the Last 8 Years
Clay County, South Dakota has seen notable fluctuations in the average Residential Energy Tax Credit per tax return over the past eight years. Values spiked in 2014 ($400.00) and again in 2019 ($750.00), potentially reflecting heightened investment in energy-efficient home improvements during these periods. The average values remained relatively lower but stable across the other years, indicating inconsistent yet occasional significant interest in energy-saving renovations. This pattern might be noteworthy for potential investors, homebuilders, and real estate agents who are considering the underlying drivers and incentives for energy efficiency in this area.
Average Real Estate Taxes Per Tax Return in Clay County, SD Over the Last 10 Years
Real estate taxes per tax return in Clay County, South Dakota have seen a notable increase over the past decade, starting at $3,221.95 in 2012 and reaching $4,657.14 in 2021. This upward trend indicates the area’s growing valuation, potentially impacting property investments, insurance premiums, and appraisal values. For those in real estate, this data suggests a rising cost landscape, which might influence buyer and seller market strategies. Property developers and investors should consider the trajectory of these taxes as part of their long-term financial planning.
Percentage of Farm Returns in Clay County, SD Over the Last 10 Years
The percentage of farm returns in Clay County, South Dakota, over the past decade has shown minor fluctuations, ranging from approximately 6.60% to 7.35%. Such consistency could suggest a relatively stable agricultural sector, which might be appealing for those looking to invest in local farms or related businesses. Farm tax returns are essentially financial documents filed by farming operations to report income and expenses, influencing economic health assessments and potential investments in the county’s agricultural sector. This trend, with minor dips and upticks, possibly indicates resilience and a steady economic environment in farming within Clay County.
Number of Mortgages by Occupancy Type in Clay County, SD Over the Last 5 Years in Clay County
Recent data on mortgage counts in Clay County, South Dakota, indicates fluctuating trends across different occupancy types over the past five years. Principal residences saw a peak in 2021 with 617 mortgages but dropped to 402 in 2022, reflecting potential shifts in local demand or economic conditions. Investment property mortgages have shown more stability, though a slight decline from 69 in 2021 to 50 in 2022 suggests varying investor confidence. Second residences have remained minimal but relatively consistent. Such changes in occupancy types can signal economic health, local market appeal, and future demand for specific housing types, offering valuable insights for investors, real estate agents, and stakeholders in the region’s property market.
Economic Outlook
Clay County, South Dakota's real estate market might be seeing increased interest due to rising average taxable incomes, jumping from around $52,032.18 in 2013 to $69,522.64 in 2021. This kind of growth hints at more affluent residents and economic stability. Meanwhile, fluctuating state and local taxes, peaking at $8,466.67 in 2019, along with variable total tax liabilities, offer a complex backdrop for investors and real estate agents. These factors combined could inform decisions regarding... Read more
Average Taxable Income per Tax Return in Clay County, SD over the last 9 years
Over the last nine years, Clay County, South Dakota has experienced a general upward trend in average taxable income per tax return, rising from approximately $52,032.18 in 2013 to $69,522.64 in 2021. Notably, 2016 saw a dip to $53,139.43 but consistently climbed back up, with 2020 and 2021 showing significant gains. This suggests a growing economic stability and potential increasing affluence in Clay County, making it an intriguing prospect for investors, real estate agents, and those considering relocation. As incomes generally increase, the area's appeal for property development and housing markets might also rise.
Average State and Local Income Taxes Per Tax Return in Clay County, SD Over the Last 10 Years
In Clay County, South Dakota, average state and local income taxes per tax return have shown notable fluctuations over the last decade. We see an increase from $4,658.33 in 2012 to a high of $8,466.67 in 2019, with some years like 2014 and 2020 experiencing dips. This variability might be of particular interest to investors and real estate professionals assessing the economic climate and tax implications in the region. For those in the property development and insurance sectors, understanding these trends could inform decisions on project viability and risk assessment.
Average Total Tax Liability Per Tax Return in Clay County, SD Over the Last 10 Years
Tax liability trends in Clay County, South Dakota, have shown some notable fluctuations over the past decade. From a low of roughly $7,738.12 in 2012, the average total tax liability per tax return rose to a peak of about $10,687.90 in 2015, followed by a dip and then another increase, reaching an estimated $10,647.14 in 2021. This variability might be indicative of economic shifts affecting residents' incomes or changes in tax policy. For investors and real estate professionals, understanding these trends is critical as they could signal shifts in the local economy or impact housing market dynamics.
Cost of Living in Clay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,241 | $1,504 | $2,449 | $1,018 | $1,001 |
| 1 adult 4 children | $1,241 | $1,228 | $1,877 | $1,018 | $1,080 |
| 2 adults 3 children | $1,241 | $1,229 | $2,123 | $1,018 | $795 |
| 1 adult 3 children | $1,241 | $1,003 | $1,551 | $1,018 | $832 |
| 2 adults 2 children | $873 | $1,006 | $1,797 | $883 | $653 |
| 1 adult 2 children | $873 | $751 | $1,225 | $883 | $574 |
| 2 adults 1 child | $873 | $795 | $1,470 | $443 | $635 |
| 1 adult 1 child | $873 | $513 | $898 | $443 | $489 |
| 2 adults | $663 | $639 | $1,144 | $0 | $549 |
| 1 adult | $584 | $348 | $572 | $0 | $438 |
Safety trends & Data
Clay County, South Dakota's property crime rates have been notably variable, affecting larceny-theft and forgery/counterfeiting the most, with cases peaking at 42.00 and 48.00 respectively. Interestingly, arson was reported only once in 2018. Burglary and motor vehicle theft remain relatively stable. This fluctuation in crime rates might impact how investors, real estate agents, and residents assess the area’s safety and overall risk... Read more
Property Crime Trends in Clay County, SD Over the Last 5 Years
Property crime in Clay County, South Dakota, has exhibited notable variability over the past five years. Larceny-theft has remained a significant issue, peaking at 42.0 cases in 2019 but decreasing to 15.0 by 2022. Forgery and counterfeiting demonstrated a similar trend, with numbers fluctuating between 27.0 and 48.0 cases per year. Interestingly, arson appears to be a minor concern with only 1.0 reported case in 2018. The data suggest that crime rates like burglary and motor vehicle theft are relatively stable, showing low fluctuations. This variability in crime rates could influence decisions for potential investors, real estate agents, and residents in evaluating the risk profiles and safety of the area.
Demographics
Clay County, South Dakota, reveals a relatively balanced gender distribution and a diverse age range with a noticeable concentration of young adults between 20 and 24 years old. Educational attainment skews toward high school graduates and those with some college experience, while a strong proportion have achieved bachelor's and graduate degrees. The racial composition predominantly consists of White residents, with smaller proportions of Black or African American, American Indian, and Asian... Read more
Race Distribution in Clay County, South Dakota (2022)
Educational Attainment in Clay County, South Dakota (2022)
Age Distribution in Clay County, South Dakota
Citizen Population in Clay County, South Dakota (2022)
Political Trends & Data
Clay County, South Dakota, is showing an interesting shift in political dynamics based on the 2020 U.S. Presidential Election results. Democrats managed to capture roughly 54.1% of the vote, which could indicate a growing blue trend in what might historically be a Republican stronghold, where Republicans got around 43.1%. Libertarians, although minor, gathered 2.8%, underscoring the possibility of changing voter preferences. These subtle shifts could have ripple effects on local policymaking... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Clay County, South Dakota, the 2020 U.S. Presidential Election results showed Democrats potentially gaining an edge with around 54.1% of the vote, compared to Republicans, who seemed to secure approximately 43.1%. Libertarians garnered a modest 2.8%, while no significant votes went to the Green Party or other candidates. This distribution could suggest a slightly Democratic-leaning trend in an area that might traditionally lean Republican, highlighting shifting political dynamics.
43.10% of voters voted for the Republican party in the 2020 Presidential Election
54.11% of voters voted for the Democrat party in the 2020 Presidential Election
2.79% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Over the last decade, Clay County, South Dakota has seen its student-to-teacher ratio fluctuate between around 13.6 and nearly 14.7 students per teacher. Currently, the ratio is closer to the national average of 14 students per teacher. These shifts can be crucial for investors, families, and real estate agents considering the area's dedication to education quality. Lower ratios usually suggest smaller class sizes and possibly more personalized attention for students, which can be a strong... Read more
Student-to-teacher ratio in Clay County, South Dakota over the last 10 years
Over the last decade, Clay County, South Dakota has seen its student-to-teacher ratio fluctuate between around 13.6 and nearly 14.7 students per teacher. Currently, the ratio hovers closer to the national average of 14 students per teacher. These shifts might be vital for potential investors, families, and real estate agents considering the area's commitment to education quality. Lower ratios typically suggest smaller class sizes and possibly more personalized attention for students, which can be a strong point for marketing residential properties or for families deciding to move to the area. Changes in the student-to-teacher ratio can also affect property appraisals and insurance rates, as educational outcomes often influence neighborhood desirability and economic stability.
