Edmunds County Real Estate and Livability Trends
Edmunds County, South Dakota presents intriguing real estate opportunities with average taxable income per tax return growing from $65,586.44 in 2016 to $87,154.08 in 2021, hinting at rising economic prosperity. Median home values are relatively low, peaking at $142,300 in 2022, coupled with a stable real estate tax trend and fluctuating residential energy tax credits. Additionally, a spike in... Read more
Edmunds County Market Trends
Edmunds County, South Dakota's median home value saw significant fluctuations over the past eight years, peaking at $142,300 in 2022, which is notably below the state and national median values. Real estate tax trends mirrored these fluctuations, with taxes reaching $5775.00 in 2019 before stabilizing at $4700.00 in 2021, reflecting the county's dynamic economic conditions. Additionally, there... Read more
Median Value of Occupied Housing Units in Edmunds County, South Dakota Over the Last 8 Years
Edmunds County, South Dakota's median home value fluctuated considerably over the last eight years, peaking at $142,300 in 2022 after a dip to $103,100 in 2018. In contrast, the median value in South Dakota climbed steadily, reaching $219,500 in 2022. Nationally, home values also saw a consistent rise, culminating at $179,400 in 2022. This indicates potential undervaluation in Edmunds County compared to state and national trends, suggesting it as a potentially attractive market for savvy investors looking for opportunities below statewide and national averages.
Residential Energy Tax Credit Per Tax Return in Edmunds County, SD Over the Last 4 Years
Over the past four years in Edmunds County, South Dakota, the average residential energy tax credit per tax return has shown a downward trend. Starting at $500.00 in 2013 and 2014, it declined to $300.00 in 2015 and 2016. This could indicate a shift in energy efficiency initiatives or changes in policy affecting tax credits, potentially impacting homeowners' incentives for energy-saving upgrades. For investors, insurers, and real estate professionals, understanding these fluctuations might be crucial for forecasting property values and energy-related costs.
Average Real Estate Taxes Per Tax Return in Edmunds County, SD Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Edmunds County, South Dakota have seen substantial fluctuations. Starting at $2695.00 in 2012, the average tax spiked to $5775.00 in 2019 before settling at $4700.00 by 2021, reflecting an overall upward trend with some notable peaks and troughs. This variability could signal evolving economic conditions, changing property values, or shifts in tax policy, all of which matter to investors, prospective homeowners, insurance agents, and real estate professionals monitoring market stability and fiscal demands in the area.
Percentage of Farm Returns in Edmunds County, SD Over the Last 10 Years
Over the past decade, Edmunds County, South Dakota, has experienced fluctuations in the percentage of farm tax returns. Starting from a relatively high point of 24.87% in 2012, there has been a general trend of decrease, dipping to 20.30% in 2021. Notable peaks and troughs appear throughout the years, with a low at 21.58% in 2019 and a brief surge to 25.14% in 2018. Farm tax returns can be seen as an indicator of the agricultural sector's vitality, which could influence decisions on investments, property development, or relocation. These trends might suggest varied agricultural stability and profitability, aspects crucial for stakeholders in the county's economic landscape.
Number of Mortgages by Occupancy Type in Edmunds County, SD Over the Last 5 Years in Edmunds County
In Edmunds County, South Dakota, the number of mortgages for principal residences has shown substantial growth over the last five years, peaking significantly in 2021 with 134 mortgages. There appears to be a steady but much less pronounced interest in second residences and investment properties, with only minor fluctuations over the same period. Changes in occupancy types are crucial because they reflect shifting housing demands, affecting everything from real estate markets to lending risk assessments and insurance evaluations. For those looking to invest, these trends suggest a growing preference for primary homes, which could impact property values and market dynamics. Real estate agents and appraisers would also need to adjust their strategies based on evolving demands within the county.
Economic Outlook
Edmunds County, South Dakota, has experienced a notable increase in average taxable income per tax return, growing from approximately $65,586.44 in 2016 to around $87,154.08 in 2021. This trend suggests potential economic development and increased earning power, impacting real estate values and presenting opportunities for investors and new residents. Concurrently, tax liabilities have shown variability, with recent years seeing higher figures above $15,000.00, likely influenced by economic or... Read more
Average Taxable Income per Tax Return in Edmunds County, SD over the last 9 years
Edmunds County, South Dakota, has seen fluctuations in average taxable income per tax return over the past nine years, with a noticeable upward trend in more recent years. From a low point of approximately $65,586.44 in 2016, the average taxable income per tax return has significantly increased to about $87,154.08 in 2021. This growth implies potential economic development and a rise in residents' earning power, which could be appealing for investors, new residents, and professionals evaluating the area's financial landscape. The county's rising incomes may also affect real estate values, insurance assessments, and development plans.
Average Total Tax Liability Per Tax Return in Edmunds County, SD Over the Last 10 Years
Over the past decade, Edmunds County, South Dakota has seen fluctuations in tax liabilities, with notable dips in 2013 and 2018, where figures like $13,230.99 and $12,174.45 respectively imply temporary relief. However, more recent years, particularly 2020 and 2021, show a significant rise to above $15,000.00, which could reflect economic or legislative changes impacting residents' tax burdens. This variability may inform decisions for investors, real estate professionals, and anyone planning financial moves in the region.
Cost of Living in Edmunds County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,103 | $1,472 | $2,458 | $1,019 | $1,083 |
| 1 adult 4 children | $1,103 | $1,202 | $1,884 | $1,019 | $1,161 |
| 2 adults 3 children | $1,103 | $1,202 | $2,130 | $1,019 | $849 |
| 1 adult 3 children | $1,103 | $982 | $1,557 | $1,019 | $908 |
| 2 adults 2 children | $826 | $984 | $1,803 | $883 | $718 |
| 1 adult 2 children | $826 | $735 | $1,229 | $883 | $662 |
| 2 adults 1 child | $826 | $778 | $1,475 | $442 | $695 |
| 1 adult 1 child | $826 | $502 | $901 | $442 | $559 |
| 2 adults | $628 | $625 | $1,148 | $0 | $616 |
| 1 adult | $575 | $341 | $574 | $0 | $487 |
Safety trends & Data
Edmunds County, South Dakota seems to have a relatively low property crime rate over the past 4 years, experiencing only occasional vandalism and burglary. This stability could make the area appealing to both investors and new residents seeking a safer community. Real estate professionals could leverage this trend as an attractive selling point, while insurance agents might see the low crime rate as a factor in assessing lower risk and... Read more
Property Crime Trends in Edmunds County, SD Over the Last 4 Years
Over the past 4 years, Edmunds County, South Dakota has shown minimal property crime, with intermittent instances of vandalism and burglary. This trend suggests the area might be relatively safe, potentially appealing for investors and new residents. Real estate professionals and appraisers could find this stability an attractive selling point, while insurance agents may note the low frequency of these crimes when assessing risk and premiums.
Demographics
Edmunds County, South Dakota has a nearly balanced adult population gender ratio, with males possibly slightly outnumbering females. The most common educational attainment here suggests a strong leaning towards high school-level education, though a notable portion of the population holds college degrees. Age distribution hints at a sizable elderly population, particularly residents aged 55 to 74, implying potential healthcare and senior services needs. The racial composition is overwhelmingly... Read more
Race Distribution in Edmunds County, South Dakota (2022)
Educational Attainment in Edmunds County, South Dakota (2022)
Age Distribution in Edmunds County, South Dakota
Citizen Population in Edmunds County, South Dakota (2022)
Political Trends & Data
In Edmunds County, South Dakota, the 2020 U.S. Presidential Election revealed a strong Republican dominance, with about 77.5% of the vote, while Democrats secured approximately 21%. Libertarians managed just over 1.5%, and other parties showed negligible impact. This predominantly conservative voter base suggests the region's political strategies and campaigns are likely heavily influenced by Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Edmunds County, South Dakota, the 2020 U.S. Presidential Election saw a strong Republican presence with nearly 77.5% of the vote, followed by Democrats at about 21%. Libertarians garnered just over 1.5%, while the Green Party and other candidates didn't register significant traction. This indicates a predominantly conservative voter base, suggesting the region's political landscape leans heavily towards Republican ideologies. Such trends might influence local political strategies and campaign focuses.
77.48% of voters voted for the Republican party in the 2020 Presidential Election
21.01% of voters voted for the Democrat party in the 2020 Presidential Election
1.51% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Edmunds County, South Dakota, boasts a student-to-teacher ratio that has consistently been below the national average of 14 over the last decade, typically ranging between 9 and 11. Most notably, the ratio dipped to around 9 in 2019 and 2020, and peaked at about 11 in 2014. This trend potentially implies a more personalized educational experience, which could attract families prioritizing quality education and may influence real estate investments and development in the... Read more
Student-to-teacher ratio in Edmunds County, South Dakota over the last 10 years
Edmunds County, South Dakota, has seen a generally lower student-to-teacher ratio compared to the national average of fourteen students per teacher over the last decade. The ratio has fluctuated between 9 and 11 students per teacher, peaking at approximately 11 in 2014 and experiencing a low of around 9 in 2019 and 2020. This trend might suggest a more favorable learning environment due to smaller class sizes, potentially making the area more attractive for families and educational investment. Lower ratios often imply more individualized attention for students and may be a significant factor for those considering moves, investments, or educational developments in the county.
