Custer County Real Estate and Livability Trends
Custer County, South Dakota is seeing a steady increase in average taxable income per tax return, jumping from roughly $53,253.14 in 2013 to about $80,299.58 in 2021, signaling economic resilience that could entice investors. Median home values rose sharply from $208,900 in 2015 to $294,700 in 2022, suggesting a highly desirable area for both living quality and investment. However, rising real... Read more
Custer County Market Trends
Custer County, South Dakota has seen median home values rise sharply from $208,900 in 2015 to $294,700 in 2022, outpacing both state and national trends. This could indicate a highly desirable area, whether for living quality or investment opportunities. Additionally, residential energy tax credits have spiked significantly, hitting $1,028.57 in 2021, suggesting a growing focus on... Read more
Median Value of Occupied Housing Units in Custer County, South Dakota Over the Last 8 Years
Over the past eight years, Custer County, South Dakota has seen its median home values climb from $208,900 in 2015 to $294,700 in 2022, reflecting an interest in this area that surpasses trends observed both statewide and nationally. While South Dakota as a whole saw values grow from $140,500 to $219,500 in the same period, and the United States saw growth from $125,500 to $179,400, Custer County's sharper incline might suggest a desirable locale either for its quality of life, investment potential, or other attractive factors.
Residential Energy Tax Credit Per Tax Return in Custer County, SD Over the Last 8 Years
Over the last eight years, homeowners in Custer County, South Dakota, have seen fluctuating average residential energy tax credits per tax return. Notably, tax credits spiked dramatically in 2019 to $1,000.00 and increased further to $1,028.57 in 2021. Prior to these spikes, credits hovered between $233.33 and $410.00. This trend may suggest a growing emphasis on energy-efficient home improvements, which could be appealing to investors, real estate agents, and homeowners considering property enhancements in the area. These rising tax credits can offer substantial financial incentives for new builds or renovations that prioritize energy efficiency, potentially lowering long-term energy costs.
Average Real Estate Taxes Per Tax Return in Custer County, SD Over the Last 10 Years
Over the past decade, Custer County, South Dakota has seen an upward trend in average real estate taxes per tax return, increasing from approximately $3,445.98 in 2012 to about $6,172.00 in 2021. Significant jumps occurred around 2018, where taxes surged to $5,465.38 from the previous year’s $4,153.93, potentially indicating shifts in property values or tax rates. This trend may be noteworthy for investors and real estate agents considering the area's long-term property cost implications. Additionally, the consistent rise in taxes underscores the need for appraisers and insurance agents to regularly re-evaluate property assessments and coverage needs in this region.
Percentage of Farm Returns in Custer County, SD Over the Last 10 Years
The percentage of farm tax returns in Custer County, South Dakota, has mostly hovered below 10% over the past decade, suggesting that farming is a significant but not dominant economic activity. From a peak of approximately 8.55% in 2015, the rate has seen some fluctuations, recently settling around 7.26% in 2021. For those considering investment or relocation, it's useful to note that while there's consistent agricultural activity, the county's economy is likely diverse, with farming playing a steady but not overwhelming role.
Number of Mortgages by Occupancy Type in Custer County, SD Over the Last 5 Years in Custer County
Custer County, South Dakota has seen notable variations in mortgage counts across different occupancy types over the past five years. Principal residences consistently dominate the market, with the highest count in 2021 reaching 656. Investment properties have significantly decreased, peaking at 59 in 2021 but dropping to just 33 by 2022. Second residences show a slightly volatile trend but remain less common compared to principal residences and investment properties. These shifts in occupancy types affect the local real estate landscape—investors might be cautious with the declining interest in investment properties, while those looking to move may find a robust market for principal residences. For appraisers and insurance agents, these trends could signal changes in property values and risk assessments, while builders and real estate agents should tailor their strategies accordingly to align with market demand.
Economic Outlook
Custer County, South Dakota is seeing a steady increase in average taxable income per tax return, jumping from roughly $53,253.14 in 2013 to about $80,299.58 in 2021. This trend, showcasing economic resilience, could make Custer County attractive to investors and real estate professionals. Meanwhile, average state and local income taxes have shown considerable fluctuations, peaking at $16,283.33 in 2021, possibly reflecting changes in local economic conditions or policies. Additionally, total... Read more
Average Taxable Income per Tax Return in Custer County, SD over the last 9 years
Custer County, South Dakota has experienced a notable increase in average taxable income per tax return over the past nine years, with figures rising from approximately $53,253.14 in 2013 to around $80,299.58 in 2021. The upward trajectory is consistent, with occasional minor dips, indicating economic resilience and potential growth. Such data could signal a thriving local economy and may attract investors, developers, and real estate professionals looking for opportunities in a community that appears to be becoming more affluent.
Average State and Local Income Taxes Per Tax Return in Custer County, SD Over the Last 10 Years
Custer County, South Dakota has seen significant fluctuations in average state and local income taxes per tax return over the past decade. Starting at around $4,040.00 in 2012, there was a notable increase peaking at $16,283.33 in 2021. These variations indicate potential shifts in local economic conditions, policy changes, or income levels which could impact property values and investment potential. It's essential for investors, real estate agents, and prospective residents to consider these trends when evaluating financial commitments and opportunities in the area.
Average Total Tax Liability Per Tax Return in Custer County, SD Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Custer County, South Dakota has shown a general upward trend. Starting at approximately $7,382.08 in 2012, it experienced fluctuations but notably peaked at around $12,733.85 in 2021. The trends suggest that residents may be facing increasing tax burdens, with significant rises during certain years such as from 2017 to 2021. This information could be pivotal for potential investors, property builders, and real estate agents as it highlights the financial climate of the area, potentially impacting investment returns and property values.
Cost of Living in Custer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,389 | $1,568 | $2,749 | $1,019 | $1,279 |
| 1 adult 4 children | $1,389 | $1,281 | $2,109 | $1,019 | $1,367 |
| 2 adults 3 children | $1,389 | $1,281 | $2,382 | $1,019 | $1,019 |
| 1 adult 3 children | $1,389 | $1,046 | $1,742 | $1,019 | $1,095 |
| 2 adults 2 children | $1,056 | $1,049 | $2,015 | $883 | $827 |
| 1 adult 2 children | $1,056 | $783 | $1,375 | $883 | $784 |
| 2 adults 1 child | $1,056 | $829 | $1,648 | $442 | $782 |
| 1 adult 1 child | $1,056 | $535 | $1,007 | $442 | $619 |
| 2 adults | $802 | $666 | $1,281 | $0 | $664 |
| 1 adult | $735 | $363 | $640 | $0 | $532 |
Safety trends & Data
Custer County, South Dakota has experienced fluctuating property crime trends over the past four years, with larceny-theft peaking at 8.0 incidents in 2019 before a notable decrease. Burglary incidents increased in 2020, while motor vehicle theft remained relatively low. Fraud and vandalism occurred sporadically, underscoring the volatility in property crime that might concern investors, real estate agents, and... Read more
Property Crime Trends in Custer County, SD Over the Last 4 Years
Over the past four years, Custer County, South Dakota has seen varying trends in property crime. Notably, Larceny - Theft consistently had the highest occurrence, peaking at 8.0 incidents in 2019 before significantly dropping in subsequent years. Burglary incidents rose in 2020 compared to prior years, while motor vehicle theft was present but not pervasive, with only a few cases reported. Fraud and vandalism also occurred sporadically. The fluctuating nature of these crimes highlights potential volatility in property crime trends, important for investors, real estate agents, and residents to monitor.
Demographics
Custer County, South Dakota exhibits a balanced gender split among its adult population, with both males and females almost equally represented. The area appears to have a significant proportion of residents with high school diplomas or some college experience, hinting at a generally educated populace. The age spread reveals a considerable number of individuals aged 55 and above, suggesting this might be a popular location for retirees. The racial makeup is predominantly White, with minimal... Read more
Race Distribution in Custer County, South Dakota (2022)
Educational Attainment in Custer County, South Dakota (2022)
Age Distribution in Custer County, South Dakota
Citizen Population in Custer County, South Dakota (2022)
Political Trends & Data
Custer County, South Dakota, saw a significant Republican tilt in the 2020 U.S. Presidential Election, with the GOP likely securing around 70% of the vote. Democrats appeared to capture approximately 28%, while Libertarians garnered a modest 2%. This trend could mirror the broader political landscape common in rural South Dakota counties, hinting at the prevailing conservative values in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Custer County, South Dakota leaned heavily Republican in the 2020 U.S. Presidential Election, with Republicans potentially capturing about 70% of the vote. Democrats may have gathered around 28%, and Libertarians a modest 2%. This dominance by the Republican party could reflect the broader political landscape of rural counties in the state.
70.11% of voters voted for the Republican party in the 2020 Presidential Election
27.70% of voters voted for the Democrat party in the 2020 Presidential Election
2.18% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Custer County, South Dakota has fluctuated, hitting lows of nine students per teacher in 2015 and 2019, and peaking at nearly thirteen in 2017. This fluctuation might hint at varying school funding, demographic shifts, or staffing challenges—all crucial for educational quality. For investors or movers, these swings could influence school performance and property values. With class sizes generally smaller than the national average of 14 students per teacher,... Read more
Student-to-teacher ratio in Custer County, South Dakota over the last 10 years
The student-to-teacher ratio in Custer County, South Dakota has fluctuated over the past decade, ranging from a low of nine students per teacher in 2015 and 2019 to a high of nearly thirteen in 2017. These changes might signify varying levels of school funding, demographic shifts, or staffing challenges—all essential factors for educational quality. Those looking to invest in or move to the area should consider how these variations could affect local schools' ability to provide personalized attention to students. For educational appraisers or insurance agents, a lower student-to-teacher ratio often indicates more individualized instruction and potentially higher overall student performance, contributing to property values. Compared to the national average of 14 students per teacher, Custer County generally maintains smaller class sizes, which could be seen as a positive attribute for families prioritizing education.
