Codington County Real Estate and Livability Trends
The real estate market in Codington County, South Dakota, shows compelling trends that signal economic vitality and may influence property values. Average taxable income per tax return has consistently increased, reaching $83,232.18 in 2021, with notable spikes in tax liabilities and income taxes suggesting a fiscal environment worth monitoring. Median home values climbed from $145,500.00 in 2015... Read more
Codington County Market Trends
Over the past eight years in Codington County, South Dakota, the median home value surged from $145,500.00 in 2015 to $206,600.00 in 2022, outperforming the national median increase. Although the state's growth was more robust, Codington County still presents a relatively affordable yet appreciating market. In terms of residential energy tax credits, fluctuations have been notable, peaking at... Read more
Median Value of Occupied Housing Units in Codington County, South Dakota Over the Last 8 Years
Over the past eight years in Codington County, South Dakota, the median home value has experienced a considerable increase, climbing from $145,500 in 2015 to $206,600 in 2022. This upward trend is more pronounced than the national median, which rose from $125,500 to $179,400 during the same period. Interestingly, while South Dakota as a whole saw a similar growth pattern, rising from $140,500 to $219,500, Codington County's values have not escalated as sharply as the state's averages. This could be insightful for potential investors or new residents considering the relative affordability and appreciating asset value in this market.
Residential Energy Tax Credit Per Tax Return in Codington County, SD Over the Last 8 Years
If you're eyeing Codington County, South Dakota, for property investments or relocations, it's worth noting the fluctuating residential energy tax credits. Over the past eight years, these tax credits have seen highs of $482.14 in 2014 and lows of $232.00 in 2016. Most recently, in 2021, they climbed back to a notable $400.00, which could signal recent energy-efficient practices among homeowners. Keep these trends in mind, as they may impact property values and overall living costs.
Average Real Estate Taxes Per Tax Return in Codington County, SD Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Codington County, South Dakota have shown a steady increase, starting from $3,047.60 in 2012 to peaking at $5,295.12 in 2020 before a slight dip to $5,204.88 in 2021. This trend potentially indicates a gradual rise in property values and municipal funding needs. Such information could be crucial for prospective investors and developers to gauge long-term cost implications, while existing property owners and real estate agents might use this data to better understand property tax dynamics.
Percentage of Farm Returns in Codington County, SD Over the Last 10 Years
In Codington County, South Dakota, the percentage of farm returns over the last decade has shown a slight, yet evident decline from 8.17% in 2012 to 6.94% in 2021. Farm tax returns are filings submitted by agricultural businesses and farms, reflecting local agricultural activity and economic health. This trend suggests that either farm profitability or the number of active farms might be diminishing, which could be a crucial data point for potential investors or new residents evaluating the agricultural sector's viability in the area. Lower farm return percentages might impact land values, agricultural investments, and local employment tied to farming activities.
Number of Mortgages by Occupancy Type in Codington County, SD Over the Last 5 Years in Codington County
Over the last five years in Codington County, South Dakota, there has been a noticeable fluctuation in mortgage counts for different occupancy types. While principal residences have consistently dominated the market, showing a spike in 2020 with over 2,000 mortgages, the numbers have dropped significantly by 2022. Investment property and second residence mortgages have remained relatively stable, although second residences have stayed consistently low. These trends are critical for investors, developers, and real estate professionals as they reflect underlying economic factors and potential market shifts. Understanding these patterns can aid in making more informed decisions about property investments, pricing strategies, and risk assessments.
Economic Outlook
Average taxable income per tax return in Codington County, South Dakota has generally been on the rise over the past nine years, peaking significantly at $83,232.18 in 2021. This upward trend hints at growing economic vitality which could drive property demand and influence property values. The significant spikes in average state and local income taxes ($16,380.00 in 2018, $15,933.33 in 2019, and $17,733.33 in 2021) may indicate a fiscal environment that potential investors, real estate agents,... Read more
Average Taxable Income per Tax Return in Codington County, SD over the last 9 years
In Codington County, South Dakota, the average taxable income per tax return has generally shown an upward trend over the past nine years. This increase suggests a growing economic vitality and could be a signal of rising prosperity in the area. For investors, this trend could imply a strengthening market, while potential movers might find it an attractive and thriving community. Real estate agents and appraisers might note that the higher disposable incomes could drive demand for property, impacting property values and market dynamics. Insurance agents and property developers might consider these financial insights useful when assessing risk and planning new developments. Notably, the sharp rise to $83,232.18 in 2021 perhaps indicates a significant economic shift or anomalous year that warrants closer exploration.
Average State and Local Income Taxes Per Tax Return in Codington County, SD Over the Last 10 Years
Codington County, South Dakota, has seen a significant increase in average state and local income taxes per tax return over the last decade. Notable spikes occurred in 2018 at $16,380.00, 2019 at $15,933.33, and 2021 at $17,733.33, indicating a possible upward trend in taxation levels. This pattern could be relevant for those considering property investments or real estate ventures in the area, as it reflects the fiscal environment and potential cost burdens for residents. Appraisers and insurance agents might also find these figures impactful for assessing the accurate valuation and risk profiles of assets within the county.
Average Total Tax Liability Per Tax Return in Codington County, SD Over the Last 10 Years
Over the past decade, average total tax liabilities per tax return in Codington County, South Dakota have shown fluctuations, generally ranging from approximately $9,400.00 to $10,500.00, until a notable spike to $14,155.55 in 2021. This rise in 2021 could potentially reflect changes in economic conditions, property values, or tax policy. For investors, real estate agents, and those considering moving to the area, understanding these tax trends may be crucial as it influences the overall cost of living and investment returns.
Cost of Living in Codington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,224 | $1,496 | $2,458 | $1,018 | $993 |
| 1 adult 4 children | $1,224 | $1,222 | $1,884 | $1,018 | $1,071 |
| 2 adults 3 children | $1,224 | $1,222 | $2,130 | $1,018 | $788 |
| 1 adult 3 children | $1,224 | $998 | $1,557 | $1,018 | $823 |
| 2 adults 2 children | $899 | $1,000 | $1,803 | $883 | $661 |
| 1 adult 2 children | $899 | $747 | $1,229 | $883 | $584 |
| 2 adults 1 child | $899 | $791 | $1,475 | $443 | $643 |
| 1 adult 1 child | $899 | $511 | $901 | $443 | $510 |
| 2 adults | $683 | $635 | $1,148 | $0 | $567 |
| 1 adult | $601 | $346 | $574 | $0 | $445 |
Safety trends & Data
Property crime trends in Codington County, South Dakota, reflect some fluctuation over the past five years. Larceny-theft, while still the most common crime, has notably decreased from 123.00 incidents in 2018 to 63.00 in 2022. Burglary saw a peak in 2020 but generally stays low, and vandalism has consistently declined from 50.00 to 27.00 incidents. While motor vehicle theft and fraud have varied, the lack of a clear trend provides essential context for investors, developers, and potential... Read more
Property Crime Trends in Codington County, SD Over the Last 5 Years
Property crime trends in Codington County, South Dakota, over the last five years reveal some fluctuations in various categories. Larceny-theft consistently holds the highest numbers, though there's a notable decline from 123.0 incidents in 2018 to 63.0 in 2022. Burglary peaked in 2020 with 15.0 cases but has generally remained low. Vandalism numbers show a gradual decrease from 50.0 incidents in 2018 to 27.0 in 2022. Motor vehicle theft and fraud have had some variations but no clear trend. These trends are crucial for investors, developers, and those considering relocation, offering insights into the area's safety and potential risks.
Demographics
Codington County, South Dakota, reflects a balanced gender distribution, with males (10,702) slightly outnumbering females. The educational landscape is skewed towards high school graduates and individuals with some college experience, while advanced degree holders remain a smaller demographic, suggesting potential opportunities for higher education development. The age spread indicates a relatively even distribution across most age groups, with a notable peak in the 35 to 64 age range, hinting... Read more
Race Distribution in Codington County, South Dakota (2022)
Educational Attainment in Codington County, South Dakota (2022)
Age Distribution in Codington County, South Dakota
Citizen Population in Codington County, South Dakota (2022)
Political Trends & Data
Codington County, South Dakota, leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans possibly securing around 68% of the vote, while Democrats garnered an estimated 29%. Libertarians made a minimal impact with roughly 3%, and the Green party saw no significant support. This voting pattern suggests a strong conservative alignment, potentially mirroring broader statewide... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Codington County in South Dakota saw a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, with Republicans possibly securing around 68% of the vote. Democrats captured an estimated 29%, indicating a notable gap between the two leading parties. Minor parties like the Libertarians had a minimal impact, hovering around 3%, with no discernible support for the Green party or other candidates. This voting pattern could reflect broader statewide trends, highlighting the county's potential alignment with conservative values.
68.06% of voters voted for the Republican party in the 2020 Presidential Election
29.15% of voters voted for the Democrat party in the 2020 Presidential Election
2.78% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Codington County, South Dakota, has mostly stayed below the national average of 14 students per teacher until recently, peaking slightly over 14 in 2021. This historically favorable ratio can be an appealing factor for potential property investors or families considering relocation. Smaller class sizes often translate to more individualized attention for students, making the area more attractive and potentially more stable from a real estate perspective. Real... Read more
Student-to-teacher ratio in Codington County, South Dakota over the last 10 years
Over the last decade, the student-to-teacher ratio in Codington County, South Dakota, has fluctuated but stayed mostly below the national average of 14 students per teacher until recently. Starting from 2014 with a ratio of 12, it gradually increased to peak at just over 14 in 2021 before adjusting slightly downward in the following years. This generally favorable ratio suggests potential benefits for those looking to invest in property or move to the area, as smaller class sizes often imply more individualized attention for students. Real estate agents and developers might find this a selling point for attracting families, while appraisal and insurance professionals could consider the positive implications on neighborhood desirability and stability.
