Davison County Real Estate and Livability Trends
Davison County, South Dakota, has witnessed a steady increase in average taxable income per tax return from around $53,813.61 in 2013 to roughly $75,231.48 in 2021, which might spur property value growth and demand. Median home values have climbed from approximately $133,600 in 2015 to about $178,100 in 2022, while mortgage activity peaked in 2020 but declined thereafter, potentially impacting... Read more
Davison County Market Trends
Davison County, South Dakota, has experienced a notable yet conservative rise in median home values over the past eight years, from $133,600 in 2015 to $178,100 in 2022, compared to state and national trends. Meanwhile, fluctuations in average residential energy tax credits, peaking around $550.00 in 2017 and rebounding to $514.29 in 2021, suggest changing incentives or energy efficiency... Read more
Median Value of Occupied Housing Units in Davison County, South Dakota Over the Last 8 Years
Over the past eight years, Davison County, South Dakota, has seen a steady rise in median home values, jumping from $133,600 in 2015 to $178,100 in 2022. When compared to South Dakota's state average, Davison County's growth appears more conservative, though still significant, with state values rising from $140,500 to $219,500 in the same period. Nationally, home values also increased, reaching $179,400 in 2022. Davison County’s trend presents a solid investment opportunity, offering more accessible entry points in a robust housing market both statewide and nationally.
Residential Energy Tax Credit Per Tax Return in Davison County, SD Over the Last 8 Years
Davison County in South Dakota has seen fluctuations in average residential energy tax credit per tax return over the past eight years, with notable peaks around $533.33 in 2016 and $550.00 in 2017. Most recently, the credit values seem to be rebounding, reaching approximately $514.29 in 2021 after a dip to $333.33 in 2020. This variability could imply changing incentives or energy efficiency investments, offering potential opportunities for real estate investors and property developers to capitalize on energy-efficient upgrades. Insurance agents and appraisers might also consider these trends when evaluating the sustainability features of homes in the area.
Average Real Estate Taxes Per Tax Return in Davison County, SD Over the Last 10 Years
Real estate taxes per tax return in Davison County, South Dakota, have shown a general upward trend over the last decade. From $3,550.39 in 2012, the average increased steadily, reaching a peak of $5,544.00 in 2020 before reducing slightly to $5,164.00 in 2021. This rise suggests a likely increase in property values or taxation rates, making it a crucial point of consideration for investors, insurers, appraisers, and potential homebuyers evaluating long-term costs.
Percentage of Farm Returns in Davison County, SD Over the Last 10 Years
Davison County, South Dakota has seen a trend in farm tax returns fluctuating between 5.58% and 6.05% over the past decade. Investing in agriculture here might offer stable but slightly variable returns, making it important for potential investors and property developers to consider the consistency and slight decline in farm returns recently. This matters because farm tax returns reflect not only the profitability of agricultural operations but also the economic health of rural areas in the region.
Number of Mortgages by Occupancy Type in Davison County, SD Over the Last 5 Years in Davison County
In Davison County, South Dakota, mortgage activity over the last five years reveals some interesting shifts. Principal residence mortgages have seen significant year-over-year variations, peaking in 2020 but dropping sharply in 2021 and 2022. Investment property mortgages have remained relatively stable but show a slight decline, which might suggest growing caution among investors. Second residence mortgages have been consistently low, indicating minimal interest in vacation or secondary homes. These changes in occupancy types could impact housing market dynamics, including property values, rental demand, and insurance costs, making it pertinent for investors, realtors, appraisers, and others to factor these trends into their decision-making processes.
Economic Outlook
Davison County, South Dakota, has observed a notable rise in average taxable income per tax return—from approximately $53,813.61 in 2013 to about $75,231.48 in 2021. This potential increase in earning power might fuel property values and demand, suggesting a stronger local economy. Tax trends have been less consistent, with state and local income taxes per tax return peaking at $9,133.33 in 2013 but dipping to $4,400.00 by 2021, hinting at economic shifts or changing tax policies. In terms of... Read more
Average Taxable Income per Tax Return in Davison County, SD over the last 9 years
Over the past nine years, Davison County, South Dakota, has seen a notable increase in the average taxable income per tax return, growing from approximately $53,813.61 in 2013 to about $75,231.48 in 2021. This suggests a trend towards higher earning potential in the area, which could influence property values and demand. This steady income growth might indicate a robust local economy, making the county potentially attractive for investors and real estate developers. However, appraisers and insurance agents may need to consider this trend for accurate market assessments and policy pricing.
Average State and Local Income Taxes Per Tax Return in Davison County, SD Over the Last 7 Years
Davison County, South Dakota has seen a fluctuating trend in average state and local income taxes per tax return over the past seven years. Notable peaks occurred in 2013 at $9,133.33 and 2016 at $7,683.33, while 2014 and 2021 marked significant dips to $5,000.00 and $4,400.00 respectively. This variability could imply changing economic conditions or tax policies, which might affect decisions for investors, new residents, appraisers, and real estate agents alike.
Average Total Tax Liability Per Tax Return in Davison County, SD Over the Last 10 Years
Over the last decade, Davison County in South Dakota has seen fluctuations in its average total tax liability per tax return. Notable spikes are observed in 2019 and 2020, reaching $10,526.76 and $12,509.14 respectively. These increases might suggest economic changes or shifts in tax policy during these years. The general upward trend in recent years could be informative for potential investors and real estate professionals assessing long-term financial commitments in the area.
Cost of Living in Davison County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,167 | $1,504 | $2,395 | $1,018 | $944 |
| 1 adult 4 children | $1,167 | $1,228 | $1,835 | $1,018 | $1,012 |
| 2 adults 3 children | $1,167 | $1,229 | $2,076 | $1,018 | $743 |
| 1 adult 3 children | $1,167 | $1,003 | $1,516 | $1,018 | $769 |
| 2 adults 2 children | $852 | $1,006 | $1,757 | $883 | $630 |
| 1 adult 2 children | $852 | $751 | $1,197 | $883 | $547 |
| 2 adults 1 child | $852 | $795 | $1,438 | $443 | $614 |
| 1 adult 1 child | $852 | $513 | $878 | $443 | $472 |
| 2 adults | $647 | $639 | $1,119 | $0 | $533 |
| 1 adult | $593 | $348 | $560 | $0 | $434 |
Safety trends & Data
Property crime in Davison County, South Dakota has shown notable trends over the past five years, with larceny-theft peaking at 168 incidents in 2018 and declining to 114 by 2022. Motor vehicle thefts spiked dramatically in 2020 with 34 cases, up from a typical range of 7-14 cases. Vandalism also saw a notable increase in 2020, hitting 36 incidents. These crime dynamics might affect investor and realtor decisions, particularly regarding risk assessment in the... Read more
Property Crime Trends in Davison County, SD Over the Last 5 Years
Property crime in Davison County, South Dakota, has seen some notable fluctuations over the past five years. Larceny-theft remains the most prevalent crime, peaking in 2018 with 168 incidents and showing a downward trend to 114 in 2022. Motor vehicle theft saw a sharp increase in 2020 with 34 incidents, compared to the relatively low 7-14 range in other years. Vandalism also spiked in 2020 with 36 occurrences, while other categories like embezzlement and fraud seem to have relatively low and stable numbers. These trends could influence decisions for potential investors, realtors, and other stakeholders interested in the area's crime dynamics and risk assessment.
Demographics
Davison County, South Dakota has a relatively balanced gender distribution among adults with roughly 7,500 males and females. Educational attainment appears varied, though a significant portion of residents have completed high school, and a notable number have pursued higher education. Age distribution reveals a mix of young families and a solid senior population, indicating a community with diverse age groups. The racial composition is predominantly White, with smaller representations from... Read more
Race Distribution in Davison County, South Dakota (2022)
Educational Attainment in Davison County, South Dakota (2022)
Age Distribution in Davison County, South Dakota
Citizen Population in Davison County, South Dakota (2022)
Political Trends & Data
Davison County, South Dakota, seemingly leaned heavily Republican in the 2020 U.S. Presidential Election, with about two-thirds of votes potentially cast in favor of the GOP. Democrats might have secured just over 31%, while Libertarians captured nearly 3%. There appeared to be no visible support for the Green Party, and 'Other' categories were negligible. This voting pattern might indicate a strong Republican preference among county... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Davison County, South Dakota, potentially leaned heavily towards the Republican Party in the 2020 U.S. Presidential Election, with an estimated two-thirds of votes cast in their favor. Democrats may have secured a little over 31% of the vote, while Libertarians captured just under 3%. It's notable that there was no visible support for the Green Party, and 'Other' categories also appeared negligible. This distribution could suggest a strong Republican preference among voters in this county during the election.
66.39% of voters voted for the Republican party in the 2020 Presidential Election
31.32% of voters voted for the Democrat party in the 2020 Presidential Election
2.28% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Davison County, South Dakota has seen its student-to-teacher ratios fluctuate between a low of 12 in 2017 and a peak of 19 in 2019, compared to the national average of fourteen. This variability might reflect changes in population, school funding, or policy shifts affecting class sizes. For those considering moving to, investing in, or working within the education sector in Davison, understanding these trends is crucial as they can impact property values, insurance rates, and community... Read more
Student-to-teacher ratio in Davison County, South Dakota over the last 10 years
Davison County, South Dakota has experienced fluctuations in its student-to-teacher ratios over the past decade, with numbers ranging from a low of 12 in 2017 to a peak of 19 in 2019, notably above the national average of fourteen students per teacher. This variability might indicate changes in population, school funding, or policy shifts impacting class sizes. For those considering moving to, investing in, or working within the education sector in Davison County, understanding these trends is crucial. Lower ratios often suggest more personalized attention for students, while higher ratios can imply either growing student populations or faculty shortages. This could significantly affect property values, insurance rates, and community satisfaction.
