Day County Real Estate and Livability Trends
Day County, South Dakota has witnessed a considerable rise in median home values from $81,100 in 2015 to $134,800 in 2022, yet it remains affordable compared to state and national levels. The increased average real estate taxes, doubling to $5,016.67 by 2021, hint at rising property values or tax rates. A fluctuating student-to-teacher ratio, dipping to between eleven and twelve students per... Read more
Day County Market Trends
In Day County, South Dakota, the median home value has seen significant growth from $81,100 in 2015 to $134,800 in 2022, though it remains below state and national averages, potentially making it an attractive option for investors seeking affordability. The average real estate taxes have more than doubled from $2,360.87 in 2012 to $5,016.67 by 2021, indicating rising property values or tax rates... Read more
Median Value of Occupied Housing Units in Day County, South Dakota Over the Last 8 Years
Over the last eight years, the median home value in Day County, South Dakota has experienced substantial growth, rising from $81,100 in 2015 to $134,800 in 2022. This local increase, while impressive, still lags behind the state and national averages. For comparison, South Dakota's median home values climbed from $140,500 in 2015 to $219,500 in 2022, and the national median similarly grew from $125,500 to $179,400 during the same period. This disparity could attract potential investors and homebuyers seeking more affordable property options in Day County relative to broader state and national markets. However, it's important to consider that while lower home values may indicate potential for investment, buyers should also evaluate local economic factors and growth potential.
Residential Energy Tax Credit Per Tax Return in Day County, SD Over the Last 4 Years
Day County, South Dakota has seen fluctuations in the average residential energy tax credit per tax return over the past four years, peaking at $225.00 in 2014 before dipping to $200.00 in 2015 and slightly rising again to $220.00 by 2016. This trend might suggest some volatility in energy-saving investments or incentives available to residents, information that can be crucial for potential investors, real estate professionals, and appraisers, as it may reflect on energy efficiency advancements and the financial benefits tied to them.
Average Real Estate Taxes Per Tax Return in Day County, SD Over the Last 10 Years
Day County, South Dakota has seen a notable rise in average real estate taxes per tax return over the last decade. Starting from $2,360.87 in 2012, the average surged to $5,016.67 by 2021. This pattern indicates a substantial increase in property valuations or tax rates, something prospective investors and property developers should consider seriously. For real estate agents and appraisers, the data suggests a measurable growth in local property market activities, pointing towards potentially rising property values in this area.
Percentage of Farm Returns in Day County, SD Over the Last 10 Years
In Day County, South Dakota, the percentage of farm returns has gradually declined over the past decade. In 2012, the figure was around 21.68%, and it has seen minor fluctuations, dropping to approximately 18.70% by 2021. This trend could point to various factors such as economic challenges in agriculture, shifts towards urbanization, or changes in local farming practices. For investors, developers, or those looking to move to the area, this decrease might suggest evolving land use patterns and opportunities for diversification of property investments and community planning.
Number of Mortgages by Occupancy Type in Day County, SD Over the Last 5 Years in Day County
Day County, South Dakota has seen a generally consistent number of mortgages for investment properties and second residences from 2018 to 2022, with principal residences showing more significant fluctuations. This trend suggests a relatively steady interest in secondary properties, which could impact market stability and insurance premiums. For investors, this steadiness might indicate less competition and potential opportunities in the secondary property market. Those planning to move or build in the area should be aware of the variable demand for principal residences, which could influence property values and availability. Real estate agents and appraisers may find that evolving demand trends for primary homes could necessitate adjustments in assessment strategies and market forecasts.
Economic Outlook
Day County, South Dakota has seen an average taxable income per tax return rise from about $45,856.25 in 2015 to nearly $72,898.90 by 2021, hinting at increasing economic prosperity in recent years. While state and local income taxes per tax return peaked at $5,900.00 in 2013, their subsequent variability suggests fluctuating economic conditions. Notably, the average tax liability per tax return jumped from an $8,000 average between 2012 and 2018 to $12,897.63 in 2021. This could be reflective... Read more
Average Taxable Income per Tax Return in Day County, SD over the last 9 years
Day County, South Dakota has seen some interesting fluctuations in average taxable income per tax return over the past nine years. From a low of approximately $45,856.25 in 2015 to a peak of around $72,898.90 in 2021, there's been a notable upward trend, especially in recent years. The consistent increase, particularly from 2018 to 2021, suggests a growing economic prosperity in the area. For potential investors or those considering moving to Day County, this upward trend could be indicative of a healthier job market and rising income levels, which are critical factors for real estate appraisers, insurance agents, and property developers.
Average State and Local Income Taxes Per Tax Return in Day County, SD Over the Last 4 Years
Over the span of 2012 to 2016, Day County, South Dakota, experienced some variability in state and local income taxes per tax return, starting at $4,100.00 in 2012, peaking at $5,900.00 in 2013, slightly dipping to $5,866.67 in 2015, and then decreasing to $5,300.00 in 2016. This fluctuation suggests economic factors may be influencing tax obligations, which could be critical for potential investors, real estate agents, and insurance agents keen on understanding the financial landscape in Day County.
Average Total Tax Liability Per Tax Return in Day County, SD Over the Last 10 Years
Day County, South Dakota has seen a notable trend in average tax liability per tax return over the past decade. After a relatively stable period from 2012 to 2018, averaging around $8,000, there was a sharp increase starting in 2019. By 2021, the average tax liability surged to $12,897.63. This uptick could indicate shifts in the local economy, potentially driven by rising property values or increasing incomes. Such a trend might matter for investors, appraisers, and insurance agents, as it could reflect a more prosperous region lately. Real estate professionals and those considering moving to the area may see this as a sign of economic improvement, though it's also worth considering the impact of higher taxes on cost of living.
Cost of Living in Day County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,081 | $1,496 | $2,458 | $1,019 | $1,022 |
| 1 adult 4 children | $1,081 | $1,222 | $1,884 | $1,019 | $1,110 |
| 2 adults 3 children | $1,081 | $1,222 | $2,130 | $1,019 | $811 |
| 1 adult 3 children | $1,081 | $998 | $1,557 | $1,019 | $854 |
| 2 adults 2 children | $826 | $1,000 | $1,803 | $883 | $694 |
| 1 adult 2 children | $826 | $747 | $1,229 | $883 | $626 |
| 2 adults 1 child | $826 | $791 | $1,475 | $442 | $670 |
| 1 adult 1 child | $826 | $511 | $901 | $442 | $519 |
| 2 adults | $651 | $635 | $1,148 | $0 | $584 |
| 1 adult | $575 | $346 | $574 | $0 | $465 |
Safety trends & Data
Over the last three years, Day County, South Dakota has seen a noticeable uptick in burglary incidents, jumping from 3.0 in 2019 and 2020 to 5.0 in 2021. Motor vehicle theft has also seen a rise from 1.0 in 2020 to 2.0 in 2021. With sporadic arson cases and low fraud activity, these fluctuations could influence property values and insurance rates. Investors and real estate professionals should keep a keen eye on these trends for assessing risks and making informed... Read more
Property Crime Trends in Day County, SD Over the Last 3 Years
Over the last three years in Day County, South Dakota, property crime trends reveal fluctuating patterns. Burglary incidents have notably increased from 3.0 in 2019 and 2020 to 5.0 in 2021. Likewise, reports of motor vehicle theft rose from 1.0 in 2020 to 2.0 in 2021. There has also been sporadic occurrence of arson, with only a single case reported in 2020. Fraud saw minimal activity with only 1.0 reported case in 2019. Investors, appraisers, and real estate agents might find these insights useful when assessing property values and insurance risks in the area.
Demographics
Day County, South Dakota's population dynamics offer compelling insights. Men slightly outnumber women, suggesting a balanced gender distribution which could influence local policies and services. The county exhibits a significant proportion of older adults, with over 50% of the population aged 45 years and above, hinting at potential demands in healthcare and senior services. Education attainment rates are varied, with a notable concentration of high school graduates and those with some... Read more
Race Distribution in Day County, South Dakota (2022)
Educational Attainment in Day County, South Dakota (2022)
Age Distribution in Day County, South Dakota
Citizen Population in Day County, South Dakota (2022)
Political Trends & Data
Day County, South Dakota, leans heavily Republican, with around 63% of the 2020 U.S. Presidential Election votes going to the GOP candidate. Democrats claimed roughly 35% of the vote, and Libertarians had a minimal presence at about 1.5%. The lack of votes for other parties could hint at a limited political diversity in the area, which might influence local market and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Day County, South Dakota, the 2020 U.S. Presidential Election results likely indicated a strong Republican preference, with about 63% of the vote going to the Republican candidate. Democrats followed with approximately 35%, while Libertarians garnered a modest 1.5%. The absence of votes for Green or other parties might suggest limited broader political diversity in voter preferences within the county.
63.06% of voters voted for the Republican party in the 2020 Presidential Election
35.49% of voters voted for the Democrat party in the 2020 Presidential Election
1.45% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Day County, South Dakota, the student-to-teacher ratio has fluctuated from roughly eleven to twelve students per teacher over the past decade, compared to a national average of fourteen. The relatively low ratio may appeal to families seeking more individualized classroom attention, potentially making the area more attractive for relocation. This factor might be leveraged by appraisers and real estate agents to highlight the favorable educational environment, while investors and developers... Read more
Student-to-teacher ratio in Day County, South Dakota over the last 10 years
Over the last decade, the student-to-teacher ratio in Day County, South Dakota, has shown some fluctuation, ranging from a low of approximately eleven to a high of about twelve students per teacher. Compared to the national average of fourteen students per teacher, Day County typically offers more individualized attention in the classroom. This could be an appealing factor for families considering relocation to the area and might also influence appraisers and real estate agents to highlight the educational environment as a key selling point. For investors and developers, the relatively low student-to-teacher ratio might suggest stable or slowly increasing population growth, impacting future residential and commercial property planning.
