Fall River County Real Estate and Livability Trends
In Fall River County, South Dakota, median home values have grown from $102,800 in 2015 to $158,500 in 2022, suggesting possible investment opportunities below state and national levels. Real estate taxes have increased from $2,807.84 in 2012 to $3,690.00 in 2021, indicating rising property demand. The strong student-to-teacher ratio, ranging from 9 to 11 over the past decade, may positively... Read more
Fall River County Market Trends
In Fall River County, South Dakota, median home values have climbed from $102,800 in 2015 to $158,500 in 2022, yet they remain below state and national rates, indicating a potentially untapped market for investors and first-time homebuyers. Residential energy tax credits have notably fluctuated, peaking at $675.00 in 2015, and then stabilizing around $500.00 in recent years, which may attract... Read more
Median Value of Occupied Housing Units in Fall River County, South Dakota Over the Last 8 Years
The median home values in Fall River County, South Dakota have seen some interesting changes over the last eight years, starting at $102,800 in 2015 and peaking at $158,500 in 2022. Even though this growth seems significant, it's worth noting that Fall River County's median values have lagged behind both the state and national trends. For instance, South Dakota's median home values grew from $140,500 in 2015 to $219,500 in 2022, while the national values increased from $125,500 to $179,400 during the same period. This could suggest Fall River County is an emerging market with potential opportunities for real estate investors or first-time homebuyers looking for affordable options in South Dakota.
Residential Energy Tax Credit Per Tax Return in Fall River County, SD Over the Last 7 Years
Fall River County, South Dakota has seen fluctuating averages in residential energy tax credits per tax return over the past seven years, peaking notably at $675.00 in 2015. The average had periods of relative stability, such as in 2013 and 2014, both holding at $220.00. However, more recent years have shown a significant increase, particularly with averages reaching $450.00 in 2019 and $500.00 in 2021. This variability may attract attention from investors, real estate agents, and homeowners considering energy-efficient improvements or new property developments, highlighting potential fiscal incentives in the area.
Average Real Estate Taxes Per Tax Return in Fall River County, SD Over the Last 10 Years
In Fall River County, South Dakota, average real estate taxes per tax return have shown an overall upward trend over the last decade. Starting from $2,807.84 in 2012, they reached $3,690.00 in 2021, with notable peaks like $4,000.00 in 2020. This steady increase might suggest a growing demand for property or higher property valuations, which could influence investing and living decisions. For real estate agents, appraisers, and potential homeowners, this trend is worth watching as it indicates changing economic dynamics and potentially higher costs associated with property maintenance and ownership.
Percentage of Farm Returns in Fall River County, SD Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Fall River County, South Dakota has shown slight fluctuations. It started at 7.48% in 2012, witnessed a peak at 8.00% in 2018, and then saw a slight dip to 7.07% in 2021. In context, farm tax returns measure the financial health and economic contribution of farms within the county, reflecting farm income and expenses. For investors, developers, or potential movers, these numbers might indicate the economic stability of agriculture in the area, which could influence property values, local job markets, and overall economic growth.
Number of Mortgages by Occupancy Type in Fall River County, SD Over the Last 5 Years in Fall River County
In Fall River County, South Dakota, the trends in mortgage types over the past five years indicate that principal residences dominate the market, with mortgage counts generally ranging between 264 and 417 per year. The counts for investment properties have been relatively steady, staying in the teens, while second residences fluctuated but remained modest. For investors and developers, this suggests a strong, stable demand for primary homes. Real estate agents might note that principal residences are the primary driver of transactions, while appraisers and insurance agents could infer consistent valuation and risk related to homeownership. The relatively static numbers for investment properties and varied, yet low, second residence count could hint at limited demand or opportunities for expansive rental markets or vacation homes.
Economic Outlook
In Fall River County, South Dakota, the average taxable income per tax return has generally increased from $45,232.55 in 2013 to $62,714.99 in 2021, hinting at economic growth or higher earnings among residents. Meanwhile, state and local income taxes have shown significant fluctuations, hitting a low of $2,957.14 in 2013 and peaking at $8,450.00 in 2021. Additionally, average total tax liabilities per tax return have experienced notable variability, with a sharp rise to $9,174.91 in 2021.... Read more
Average Taxable Income per Tax Return in Fall River County, SD over the last 9 years
Over the last nine years, Fall River County in South Dakota has seen a general increase in average taxable income per tax return with a notable rise starting from $45,232.55 in 2013 to $62,714.99 in 2021. This trend might suggest economic growth or increased earnings among residents, providing valuable insights for investors considering property markets. It also may impact appraisers and insurance agents by potentially driving up property valuations and premiums. Real estate agents and those looking to move to the area could view this as an indicator of a robust local economy, whereas current residents might appreciate the steady economic improvement.
Average State and Local Income Taxes Per Tax Return in Fall River County, SD Over the Last 8 Years
Over the last eight years, Fall River County, South Dakota has seen notable fluctuations in state and local income taxes per tax return. Taxes dropped to a low of $2,957.14 in 2013 before peaking sharply at $8,450.00 in 2021. This variability can potentially impact decisions for those looking to invest or move to the area, as well as real estate agents and appraisers assessing property values. Tax professionals and insurance agents might also find these shifts relevant when advising clients on financial planning and risk assessment.
Average Total Tax Liability Per Tax Return in Fall River County, SD Over the Last 10 Years
Over the past decade, Fall River County, South Dakota has seen fluctuating average total tax liabilities per tax return, with notable peaks and troughs. For those considering investment or relocation, a significant jump to $9,174.91 in 2021 might indicate economic shifts or policy changes affecting taxpayer responsibilities. This volatility in tax liability is crucial for appraisers, insurance agents, and real estate professionals to monitor, as it can impact overall property valuations and market dynamics. Building property investors should stay informed on these trends to anticipate potential cost implications.
Cost of Living in Fall River County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,233 | $1,568 | $2,749 | $1,013 | $1,157 |
| 1 adult 4 children | $1,233 | $1,281 | $2,109 | $1,013 | $1,239 |
| 2 adults 3 children | $1,233 | $1,281 | $2,382 | $1,013 | $920 |
| 1 adult 3 children | $1,233 | $1,046 | $1,742 | $1,013 | $967 |
| 2 adults 2 children | $1,013 | $1,049 | $2,015 | $878 | $777 |
| 1 adult 2 children | $1,013 | $783 | $1,375 | $878 | $716 |
| 2 adults 1 child | $1,013 | $829 | $1,648 | $439 | $743 |
| 1 adult 1 child | $1,013 | $535 | $1,007 | $439 | $578 |
| 2 adults | $770 | $666 | $1,281 | $0 | $632 |
| 1 adult | $705 | $363 | $640 | $0 | $504 |
Safety trends & Data
Property crime in Fall River County, South Dakota, has shown fluctuations over the past five years, with larceny-theft being the most reported crime, peaking at 13 instances in 2019. Vandalism also spiked notably in the same year with 7 cases, while burglary has stayed relatively low, rarely exceeding 2 cases annually. This sporadic pattern may influence decisions by investors, insurance agents, and real estate professionals monitoring safety and risk... Read more
Property Crime Trends in Fall River County, SD Over the Last 5 Years
Property crime in Fall River County, South Dakota shows fluctuating trends over the past five years, with larceny-theft consistently being the most reported crime. For instance, 2019 saw a significant spike with 13 instances of larceny-theft compared to other years. Vandalism also presents notable numbers, particularly in 2019 with 7 cases. Instances of burglary have remained relatively low and stable, rarely exceeding 2 cases annually. This sporadic pattern in property crime rates may be relevant for potential investors, insurance agents, and real estate professionals monitoring the area's safety and risk levels.
Demographics
In Fall River County, South Dakota, the adult population is almost evenly split between males and females, which might point to a balanced gender dynamic. Educational attainment varies widely, but a significant portion of residents have only completed high school or some college without receiving a degree. The age distribution shows a notably high number of individuals in the 55 to 74 age bracket, suggesting the county could have a substantial retiree community. In terms of racial diversity,... Read more
Race Distribution in Fall River County, South Dakota (2022)
Educational Attainment in Fall River County, South Dakota (2022)
Age Distribution in Fall River County, South Dakota
Citizen Population in Fall River County, South Dakota (2022)
Political Trends & Data
Fall River County, South Dakota, showed a notable Republican lean in the 2020 U.S. Presidential Election, with around 71% of votes potentially going to the Republican candidate. The Democratic party might have captured about 26% of the vote, and Libertarians approximately 3%. This voting pattern suggests a strong conservative presence and likely aligns with broader trends observed in rural areas across the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
The voting patterns in Fall River County, South Dakota, for the 2020 U.S. Presidential Election suggest a strong Republican lean, with approximately 71% of the vote potentially going to the Republican party. The Democratic party might have garnered around 26%, while Libertarians trailed at about 3%. This distribution could indicate a significant Republican dominance in the area, reflecting broader trends seen across many rural counties in South Dakota.
71.20% of voters voted for the Republican party in the 2020 Presidential Election
26.05% of voters voted for the Democrat party in the 2020 Presidential Election
2.75% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Fall River County, South Dakota, boasts a student-to-teacher ratio consistently below the national average of 14:1, ranging from 9 to 11 over the past decade. This trend underscores a strong commitment to quality education and is likely to enhance property values. Smaller classroom sizes may appeal to future residents and real estate agents, signaling personalized attention in schools. Appraisers and insurance agents could see this as a positive marker of community stability and... Read more
Student-to-teacher ratio in Fall River County, South Dakota over the last 10 years
Fall River County, South Dakota, has consistently maintained a student-to-teacher ratio lower than the national average of 14 students per teacher over the past decade. The ratios have ranged from 9 to 11, indicating relatively small classroom sizes compared to national standards. For investors and builders, this trend could reflect positively on the community's commitment to quality education, potentially enhancing property values. Future residents and real estate agents might find this appealing due to the potential for personalized attention in schools. Appraisers and insurance agents might also consider this as a marker of a stable and attractive community.
