Dewey County Real Estate and Livability Trends
Dewey County, South Dakota has witnessed a notable rise in average taxable income per tax return from $38,697.66 in 2013 to $50,377.08 in 2021, hinting at possible economic growth. Median home values increased from $60,100 in 2015 to $74,800 in 2022, suggesting a potentially attractive entry point for real estate buyers. Meanwhile, property crime trends show significant fluctuations, with... Read more
Dewey County Market Trends
Dewey County, South Dakota, saw its median home values rise from $60,100 in 2015 to $74,800 in 2022, indicating a lower entry point compared to the state average of $219,500. Investors might be intrigued by the variability in real estate taxes, from $1,383.33 in 2012 to a high of $2,350.00 in 2013, affecting total financial planning. Farm tax returns have mostly stayed between 18.26% and 19.57%,... Read more
Median Value of Occupied Housing Units in Dewey County, South Dakota Over the Last 8 Years
Dewey County, South Dakota, has seen its median home values rise from $60,100 in 2015 to $74,800 in 2022. Although these values are significantly lower compared to the state average, which jumped from $140,500 to $219,500 in the same period, there seems to be potential for growth. Meanwhile, national trends show even higher home values reaching $179,400 in 2022. For those looking to invest or move, Dewey County's lower median values could suggest more affordable entry points or opportunities for value appreciation.
Average Real Estate Taxes Per Tax Return in Dewey County, SD Over the Last 6 Years
Over the last six years, Dewey County, South Dakota has displayed notable fluctuation in average real estate taxes per tax return. While 2013 saw a steep spike to $2,350.00, other years exhibited more moderate figures, such as $1,383.33 in 2012 and $1,700.00 in 2014. This variability may be of interest to potential investors and property developers assessing the stability of tax burdens over time. Those considering relocation or property ownership in Dewey County might weigh these fluctuations in their financial planning, while appraisers and real estate agents might note the potential impact on property values and market conditions.
Percentage of Farm Returns in Dewey County, SD Over the Last 10 Years
Farm tax returns in Dewey County, South Dakota, have seen a fluctuating trend over the past decade, hovering mostly between 18.26% and 19.57%. There was a notable dip in 2020, reaching approximately 16.56%, attributed possibly to external economic factors impacting the agricultural sector. For those interested in agricultural investments or developments in Dewey County, understanding these tax return patterns could provide insight into the financial stability and economic resilience of the farming community.
Number of Mortgages by Occupancy Type in Dewey County, SD Over the Last 5 Years in Dewey County
Over the past five years in Dewey County, South Dakota, there has been a noticeable fluctuation in the number of mortgages, with a consistent dominance of principal residences ranging from 17 to 28 annually. Investment properties have never surpassed two mortgages in any given year, and second residences have maintained a minimal presence. Understanding these shifts in occupancy type is crucial for investors, real estate agents, and appraisers, as they hint at market stability and demand dynamics. For builders and insurers, such trends can offer insight into the types of properties that warrant more focus, potentially influencing future development and coverage strategies.
Economic Outlook
Dewey County, South Dakota has experienced some fluctuation in average taxable income per tax return, rising from $38,697.66 in 2013 to $50,377.08 in 2021, despite a dip in 2016 to $36,709.35. This trend might indicate growing economic opportunities or varying financial conditions, useful for long-term planning in real estate. Additionally, average total tax liability per tax return has hovered between $6,000.00 and $7,800.00, demonstrating relative stability and predictability, which could be... Read more
Average Taxable Income per Tax Return in Dewey County, SD over the last 9 years
Dewey County, South Dakota has seen some fluctuation in average taxable income per tax return over the past nine years, moving from $38,697.66 in 2013 to a notable increase to $50,377.08 in 2021. While there were dips, such as in 2016 when the average taxable income dropped to $36,709.35, the overall trend could imply growing economic opportunities or varying financial conditions in the county. Investors and real estate agents might find this data reassuring for long-term prospects, suggesting potential stability or growth. Whether you're looking to invest in property or appraise homes, this trend may hint at evolving economic conditions worth watching in Dewey County.
Average Total Tax Liability Per Tax Return in Dewey County, SD Over the Last 10 Years
In Dewey County, South Dakota, the average total tax liability per tax return has shown fluctuation over the past decade, with a high of $7,847.02 in 2014 and a low of $6,099.24 in 2019. While there has been some variation year to year, the general trend appears to be relatively stable, hovering mostly between $6,000.00 and $7,800.00. This suggests that potential investors, homeowners, and real estate professionals may find the area's tax commitments to be reasonably predictable, which might aid in financial planning and forecasting.
Cost of Living in Dewey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,057 | $1,492 | $2,458 | $1,013 | $963 |
| 1 adult 4 children | $1,057 | $1,218 | $1,884 | $1,013 | $1,038 |
| 2 adults 3 children | $1,057 | $1,219 | $2,130 | $1,013 | $758 |
| 1 adult 3 children | $1,057 | $995 | $1,557 | $1,013 | $790 |
| 2 adults 2 children | $826 | $998 | $1,803 | $878 | $663 |
| 1 adult 2 children | $826 | $745 | $1,229 | $878 | $590 |
| 2 adults 1 child | $826 | $789 | $1,475 | $439 | $644 |
| 1 adult 1 child | $826 | $509 | $901 | $439 | $500 |
| 2 adults | $718 | $633 | $1,148 | $0 | $585 |
| 1 adult | $575 | $346 | $574 | $0 | $458 |
Safety trends & Data
Property crime trends in Dewey County, South Dakota reveal significant fluctuations, especially in cases of vandalism, which skyrocketed to 43.00 in 2022 from 24.00 in 2020. Burglaries peaked in 2020 at 12.00 cases before dropping sharply to 2.00 by 2022. Similarly, stolen property cases hit a high of 19.00 in 2020, only to fall to 7.00 in 2022. However, motor vehicle thefts have steadily climbed, hinting at a possible area of concern for property investors and future residents. Understanding... Read more
Property Crime Trends in Dewey County, SD Over the Last 5 Years
Property crime in Dewey County, South Dakota has seen various fluctuations over the past five years. Vandalism incidents have sharply increased, peaking at 43.00 cases in 2022 from just 24.00 cases in 2020. Burglaries saw a rise in 2020 with 12.00 cases, only to drop to 2.00 cases by 2022. Interestingly, stolen property cases spiked in 2020 at 19.00 but then significantly decreased to 7.00 in 2022. Motor vehicle thefts have steadily climbed each year, reflecting a potential area of concern for future property investors and residents. These trends provide valuable insight for investing, building, or just understanding local crime dynamics in Dewey County.
Demographics
Dewey County, South Dakota, shows a slightly higher female population compared to males. The educational attainment suggests a significant proportion with at least a high school diploma, although few hold graduate or professional degrees. The age distribution seems diverse, with a notable proportion of the population under 10 years old. The racial composition is predominantly American Indian and Alaska Native, with a smaller percentage identifying as White and very few from other racial... Read more
Race Distribution in Dewey County, South Dakota (2022)
Educational Attainment in Dewey County, South Dakota (2022)
Age Distribution in Dewey County, South Dakota
Citizen Population in Dewey County, South Dakota (2022)
Political Trends & Data
In Dewey County, South Dakota, the 2020 U.S. Presidential Election results suggest a leaning towards the Democrats with 57.5% of the vote, while Republicans garnered around 40.2%. Libertarians captured about 2.3%, hinting at a potential shift or specific local issues influencing voter behavior. This could impact future real estate developments and community planning preferences in the region, shedding light on the demographic's priorities and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dewey County, South Dakota, the 2020 U.S. Presidential Election results suggest a leaning towards the Democrats with 57.5% of the vote, while the Republicans garnered approximately 40.2%. Although Libertarians managed to capture a smaller share, around 2.3%, other parties didn't make a significant impact. This data might hint at a potential shift or specific local issues influencing voter behavior.
40.18% of voters voted for the Republican party in the 2020 Presidential Election
57.53% of voters voted for the Democrat party in the 2020 Presidential Election
2.29% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Dewey County, South Dakota, the student-to-teacher ratio fluctuates between 5 to 8 students per teacher, always below the national average of 14. This lower ratio might suggest more personalized attention and possibly better educational outcomes. Such trends are crucial for families contemplating a move, real estate agents emphasizing local school quality, and investors assessing community stability and... Read more
Student-to-teacher ratio in Dewey County, South Dakota over the last 10 years
The student-to-teacher ratio in Dewey County, South Dakota has seen notable fluctuations over the past decade, ranging from a low of nearly 5 students per teacher to just over 8. This ratio consistently falls below the national average, which currently stands at 14 students per teacher. A lower student-to-teacher ratio may suggest potential benefits such as more personalized attention for students and potentially better educational outcomes. This information could be crucial for families considering moving to the area, real estate agents highlighting the quality of local schools, or investors and developers looking to understand the community's educational landscape. Insurance agents and appraisers might also find this trend relevant as it indirectly reflects neighborhood stability and desirability.
