Corson County Real Estate and Livability Trends
Corson County's average taxable income peaked at $42,344.54 in 2021, with a low of $30,568.03 in 2019, suggesting economic fluctuations that might impact real estate market decisions. The median home value rose from $53,800 in 2015 to $76,000 in 2022, remaining below state and national averages, which could appeal to investors seeking affordable options. Property taxes witnessed a rise from... Read more
Corson County Market Trends
Corson County, South Dakota's median home value has surged from $53,800 in 2015 to $76,000 in 2022, still falling behind both state and national averages of $219,500 and $179,400 respectively. This suggests that Corson County remains an attractive, affordable option for real estate investors. Real estate taxes in the area have seen significant shifts, rising from $550.00 in 2015 to $850.00 in... Read more
Median Value of Occupied Housing Units in Corson County, South Dakota Over the Last 8 Years
Corson County, South Dakota, has experienced a dramatic rise in its median home values over the past eight years, peaking at $76,000 in 2022 from $53,800 in 2015. This increase, while substantial, still lags behind state and national averages. For comparison, South Dakota's median home value soared to $219,500 in 2022, and nationally, it reached $179,400. This disparity indicates that Corson County could offer more affordable investment opportunities within the housing market than other areas.
Average Real Estate Taxes Per Tax Return in Corson County, SD Over the Last 4 Years
Real estate taxes per tax return in Corson County, South Dakota have shown notable fluctuations over the past four years. Beginning at $600.00 in 2012, the taxes decreased to $550.00 in 2015, before sharply increasing to $750.00 in 2016 and further climbing to $850.00 in 2017. This upward trend in recent years might suggest an increasing financial commitment for property owners and could be significant for potential investors and real estate professionals evaluating the market.
Percentage of Farm Returns in Corson County, SD Over the Last 10 Years
The percentage of farm tax returns in Corson County, South Dakota over the last decade seems to hover around the low to mid 20s, showing some fluctuation but generally staying within that range. There was a peak around 2018 at approximately 27.83%, the highest in the observed period, dropping back down to around 22.25% in 2020. Those interested in agricultural investment or property development may see this as a stable yet slightly variable indicator of the county's agricultural activity. Farm tax returns relate to the income declared by farmers for tax purposes, suggesting both the economic health and the extent of farming operations in the area. This information might be particularly useful for investors, developers, or policy planners aiming to gauge the vitality of the farming sector locally.
Number of Mortgages by Occupancy Type in Corson County, SD Over the Last 5 Years in Corson County
Over the past five years, the mortgage counts in Corson County, South Dakota have shown a consistent preference for principal residences, with investment properties and second residences only making minor appearances. Notably, the year 2021 saw a peak with 18 principal residence mortgages. For investors, changes in occupancy types might illuminate shifts in market stability and growth potential. Homeowners or potential buyers might appreciate the low competition from investment properties, suggesting a more stable, community-focused environment. Real estate agents and appraisers can leverage this data to understand housing demand dynamics and forecast market behavior. For insurance agents, the prevalence of primary residences could indicate steady, reliable policy retention rates.
Economic Outlook
Corson County, South Dakota's average taxable income per tax return hit a peak in 2021 at $42,344.54, with a notable low in 2019 at $30,568.03, suggesting fluctuating economic conditions that might influence real estate market decisions. Similarly, the average total tax liability varied, peaking at $6,273.81 in 2021 and dipping to $4,102.94 in 2019, indicating potential demographic shifts. These economic patterns could be vital for investors, real estate agents, and appraisers when setting... Read more
Average Taxable Income per Tax Return in Corson County, SD over the last 9 years
Corson County, South Dakota has seen fluctuating trends in average taxable income per tax return over the past nine years, with a notable peak in 2021 at $42,344.54. Prior years showed variability, including a significant dip in 2019 to $30,568.03. These income trends could impact decisions for investors, potential residents, and real estate agents, reflecting economic volatility and growth potential in the region. For those considering property development or appraisal, understanding these patterns is crucial for setting realistic expectations and valuations.
Average Total Tax Liability Per Tax Return in Corson County, SD Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Corson County, South Dakota has fluctuated significantly, ranging from as low as $4,102.94 in 2019 to as high as $6,273.81 in 2021. This variability might indicate changing economic conditions or demographic shifts within the county. For potential investors and real estate agents, these trends could reflect economic viability and financial stability, helping to inform decisions about property investments or new developments. Insurance agents and appraisers may also gauge these figures when assessing property values and risk coverage.
Cost of Living in Corson County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,005 | $1,584 | $2,458 | $1,019 | $1,017 |
1 adult 4 children | $1,005 | $1,294 | $1,884 | $1,019 | $1,096 |
2 adults 3 children | $1,005 | $1,294 | $2,130 | $1,019 | $801 |
1 adult 3 children | $1,005 | $1,057 | $1,557 | $1,019 | $833 |
2 adults 2 children | $826 | $1,060 | $1,803 | $883 | $703 |
1 adult 2 children | $826 | $791 | $1,229 | $883 | $631 |
2 adults 1 child | $826 | $837 | $1,475 | $442 | $674 |
1 adult 1 child | $826 | $541 | $901 | $442 | $518 |
2 adults | $731 | $673 | $1,148 | $0 | $608 |
1 adult | $575 | $367 | $574 | $0 | $460 |
Safety trends & Data
Corson County, South Dakota, has seen some shifts in property crime trends over the past five years. Burglary incidents have doubled from 1.0 in 2018 to 2.0 in 2022, while larceny-theft and vandalism rates have been more inconsistent but seem to be decreasing overall. Of particular note, motor vehicle thefts emerged in 2020 and persisted into 2021. These crime patterns could potentially impact property investments and real estate decisions, offering both points of caution and areas where the... Read more
Property Crime Trends in Corson County, SD Over the Last 5 Years
Corson County, South Dakota, has experienced fluctuating trends in property crimes over the past five years, with noticeable variability across different categories. Instances of burglary saw a slight increase from 1.0 in 2018 to 2.0 in 2022, while larceny-theft and vandalism events showed a mixed pattern, with a modest presence in earlier years and tapering off more recently. Noteworthy is the presence of motor vehicle thefts that appeared in 2020 and continued into 2021. These insights could be crucial for those considering property investments, moving to the area, or involved in real estate, appraisal, or insurance sectors, as they highlight possible areas of concern and reassurance in the county's crime landscape.
Demographics
Corson County in South Dakota exhibits a modest gender balance among its adult population, with a slight male majority. Educational attainment levels suggest many residents did not pursue education beyond high school, indicating potential areas for investment in higher education or vocational training. The age distribution appears evenly spread, with a significant portion of the population under 10 years old, which might reflect on the need for robust educational and recreational... Read more
Race Distribution in Corson County, South Dakota (2022)
Educational Attainment in Corson County, South Dakota (2022)
Age Distribution in Corson County, South Dakota
Citizen Population in Corson County, South Dakota (2022)
Political Trends & Data
In Corson County, South Dakota, the 2020 U.S. Presidential Election results indicate a politically diverse electorate. A narrow majority of slightly over 50% leaned Republican, while the Democratic party attracted almost 48% of the vote. The Libertarian party captured roughly 1%, with the Green party not registering any votes. This close split might hint at varying preferences within the community, potentially affecting local policy and future electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Corson County, South Dakota, the 2020 U.S. Presidential Election saw a narrow tilt towards the Republican party with just over 50% of the vote, while the Democratic party garnered close to 48%. The Libertarian party held a marginal presence at around 1%, and there were no votes recorded for the Green party. This close split between Republican and Democratic votes could suggest a politically diverse electorate.
50.43% of voters voted for the Republican party in the 2020 Presidential Election
48.48% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Corson County, South Dakota, has seen student-to-teacher ratios drop from around 10 in 2014 to approximately 8 in 2023, well below the national average of 14 students per teacher. This trend could suggest better educational outcomes due to increased individualized attention, making it an attractive factor for families prioritizing education. Real estate agents could highlight this in listings, appraisers might view properties here as more stable in value, and builders might see a chance for... Read more
Student-to-teacher ratio in Corson County, South Dakota over the last 10 years
Corson County, South Dakota has seen fluctuating student-to-teacher ratios over the past decade, dropping from around 10 in 2014 to approximately 8 in 2023, consistently staying below the national average of 14 students per teacher. For investors and those looking to move to the area, a lower student-to-teacher ratio could indicate more individualized attention for students, potentially leading to better educational outcomes. Real estate agents and appraisers might find this appealing to families prioritizing education. Insurance agents could also consider the implications of a well-served community in terms of property value stability. Builders might see opportunities in developing family-friendly housing developments in light of these educational metrics.