Douglas County Real Estate and Livability Trends
In Douglas County, South Dakota, median home values have surged from $73,000 in 2015 to $120,900 in 2022, creating a compelling, affordable market for investors. Although fluctuations in real estate taxes and taxable income per tax return could signal potential risks, the steady farm tax returns and a rising preference for primary residences suggest reliability in both agricultural and... Read more
Douglas County Market Trends
Douglas County, South Dakota has witnessed an impressive rise in median home values, leaping from $73,000 in 2015 to $120,900 in 2022. Although this growth trails both state and national levels, it represents a potentially lucrative investment opportunity with more affordable entry points. Real estate taxes have experienced volatility, with notable fluctuations suggesting variable tax rates that... Read more
Median Value of Occupied Housing Units in Douglas County, South Dakota Over the Last 8 Years
Douglas County, South Dakota has seen a noteworthy climb in median home values over the past eight years, jumping from $73,000 in 2015 to $120,900 in 2022. This growth, while substantial, still lags behind state-level trends where South Dakota's median values escalated from $140,500 to $219,500 in the same period, as well as national trends, which saw the median value rise from $125,500 to $179,400. This indicates a unique investing opportunity in Douglas County, potentially offering more affordable entry points relative to broader market growth in both South Dakota and the U.S. overall.
Average Real Estate Taxes Per Tax Return in Douglas County, SD Over the Last 9 Years
Real estate taxes in Douglas County, South Dakota have seen fluctuations over the past nine years. Notably, there was a sharp increase from $1,800.00 in 2015 to $2,272.72 in 2016. While taxes dropped back to $1,600.00 in 2020, they rebound to $2,100.00 in 2021. These trends suggest variable tax rates, which prospective homeowners, real estate agents, and property appraisers should consider when evaluating the county's real estate market.
Percentage of Farm Returns in Douglas County, SD Over the Last 10 Years
Over the last decade, Douglas County, South Dakota, has seen relatively stable farm tax returns, hovering around 30%. The numbers suggest slight fluctuations, hitting a peak of approximately 31.34% in 2017 and dipping to about 28.57% in 2019. Farm tax returns reflect the financial health and viability of farming operations, impacting property values, local economies, and potential investment opportunities. For those considering a move to this rural area, stable farm returns might suggest a reliable agricultural sector, though the slight year-to-year variability can hint at broader economic factors affecting farmers in the county.
Number of Mortgages by Occupancy Type in Douglas County, SD Over the Last 5 Years in Douglas County
Douglas County, South Dakota has shown a consistent preference for mortgages on principal residences over the past five years, with mortgage counts for principal residences ranging from 49 in 2018 to a peak of 117 in 2020. Mortgages for second residences and investment properties have remained relatively low, with second residences peaking at 5 in 2021 and investment properties consistently at or close to 1. These trends could indicate a stable local population with a strong demand for primary living spaces, likely driven by lifestyle choices or economic stability. For investors and real estate agents, the lower number of investment property mortgages suggests limited competition and potential opportunities in the rental market. Appraisers and insurance agents can interpret these trends as indicators of market stability, while prospective homebuilders might see consistent demand for new residential construction in the area.
Economic Outlook
Douglas County, South Dakota has seen ups and downs in average taxable income per tax return, peaking at $71,467.16 in 2021 and dipping to $48,185.07 in 2017. The average total tax liability has also varied, hitting highs of around $10,096.40 in 2014 and $10,300.00 in 2021, with notable lows in 2016 and 2017. These income and tax trends could signal both opportunities and risks for investors and real estate professionals, influencing property values and market... Read more
Average Taxable Income per Tax Return in Douglas County, SD over the last 9 years
Douglas County, South Dakota has shown some volatility in average taxable income per tax return over the last nine years, peaking at $71,467.16 in 2021 after hitting a low of $48,185.07 in 2017. These fluctuations might appeal to potential investors or those looking to build property, indicating both opportunity and risk. For real estate agents and appraisers, these trends could influence property values and market strategies. Insurance agents might also find this data useful in assessing economic stability and risk factors within the county.
Average Total Tax Liability Per Tax Return in Douglas County, SD Over the Last 10 Years
Douglas County, South Dakota has experienced noticeable fluctuations in average total tax liability per tax return over the past decade. Peaks in 2013 ($9,469.37) and 2014 ($10,096.40) suggest high-income years, while significant dips in 2016 ($7,975.47) and 2017 ($7,325.47) might indicate economic slowdowns or favorable tax conditions. Notably, 2021 saw a steep rise to $10,300.00, potentially reflecting higher earnings or less advantageous tax scenarios. These trends may be relevant for investors, real estate professionals, and others assessing the area's economic conditions and fiscal health.
Cost of Living in Douglas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,212 | $1,504 | $2,395 | $1,019 | $1,061 |
| 1 adult 4 children | $1,212 | $1,228 | $1,835 | $1,019 | $1,163 |
| 2 adults 3 children | $1,212 | $1,229 | $2,076 | $1,019 | $851 |
| 1 adult 3 children | $1,212 | $1,003 | $1,516 | $1,019 | $911 |
| 2 adults 2 children | $908 | $1,006 | $1,757 | $883 | $713 |
| 1 adult 2 children | $908 | $751 | $1,197 | $883 | $656 |
| 2 adults 1 child | $908 | $795 | $1,438 | $442 | $690 |
| 1 adult 1 child | $908 | $513 | $878 | $442 | $543 |
| 2 adults | $690 | $639 | $1,119 | $0 | $595 |
| 1 adult | $632 | $348 | $560 | $0 | $484 |
Safety trends & Data
Douglas County, South Dakota has seen a notable rise in reported property crimes related to fraud, increasing from 2.0 cases in 2018 to 6.0 cases in 2019. While vandalism appears low with only 1.0 reported case in 2018 and no significant changes, this fraud trend could be a growing concern for investors, real estate agents, insurance agents, and residents. The uptick in fraud cases might influence property values and insurance premiums, making it a critical factor for anyone with a stake in the... Read more
Property Crime Trends in Douglas County, SD Over the Last 2 Years
Douglas County, South Dakota has seen an increase in reported property crimes related to fraud, jumping from 2.0 cases in 2018 to 6.0 cases in 2019. Vandalism appears to be relatively low with only 1.0 reported case in 2018, and no data indicating a rise or decline. This trend may suggest growing concerns over fraudulent activities, which could be crucial for investors, real estate agents, insurance agents, and residents to monitor. This increase in reported fraud could impact property values and insurance premiums, and merits closer scrutiny for anyone with a stake in this area's property market.
Demographics
Douglas County, South Dakota's 2022 demographic trends reveal a balanced gender ratio and a predominantly White population. Educational achievements indicate a strong presence of individuals holding high school diplomas and some college experience, with fewer advanced degrees. Age distribution hints at a significant portion of the population being children or older adults, suggesting diverse community needs ranging from education to elder care services. These insights reflect on potential... Read more
Race Distribution in Douglas County, South Dakota (2022)
Educational Attainment in Douglas County, South Dakota (2022)
Age Distribution in Douglas County, South Dakota
Citizen Population in Douglas County, South Dakota (2022)
Political Trends & Data
Douglas County, South Dakota, leaned heavily Republican in the 2020 U.S. Presidential Election, with around 86% of the vote. Democrats secured about 12.6%, and the Libertarians got just over 1.3%. This strong conservative base could influence local and state political strategies, potentially impacting policy decisions and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Douglas County, South Dakota, saw a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, with approximately 86% of the vote. The Democrats garnered around 12.6%, while the Libertarian party managed just over 1.3%. This overwhelming support for Republicans may indicate a strong conservative base in the area, shaping local and state political strategies.
86.00% of voters voted for the Republican party in the 2020 Presidential Election
12.65% of voters voted for the Democrat party in the 2020 Presidential Election
1.35% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Douglas County, South Dakota, noted a consistently low student-to-teacher ratio over the past decade, from around 9 students per teacher in 2014 to nearly 11 in 2015, against the national average of 14. This potentially higher quality of education may appeal to families and influence real estate dynamics, drawing interest from investors, developers, and appraisers focusing on family-oriented communities. The implications of these demographic trends could also impact property values and... Read more
Student-to-teacher ratio in Douglas County, South Dakota over the last 10 years
Douglas County, South Dakota has experienced a relatively low student-to-teacher ratio compared to the national average of 14 students per teacher over the last decade. Ratios have fluctuated slightly, ranging from a low of just over 9 students in 2014 to a peak of nearly 11 in 2015. Such low ratios may indicate more personalized attention for students and potentially higher quality education, which could make the area appealing for families considering relocation. These conditions might also entice real estate investors and developers focusing on family-friendly communities, as well as appraisers and insurance agents assessing property values and risks associated with demographic trends.
