Grant County Real Estate and Livability Trends
In Grant County, South Dakota, median home values have increased from $107,900.00 in 2015 to $168,500.00 in 2022, albeit at a rate slower than both state and national averages. Residential energy tax credits have notably fluctuated, peaking at $916.67 in 2015 before dropping to $283.33 in 2016, which might reflect variance in energy-efficient home improvements or tax policies. Real estate taxes... Read more
Grant County Market Trends
Grant County, South Dakota, has seen median home values rise from $107,900 in 2015 to $168,500 in 2022. This rate of growth is somewhat slower than both the state and national averages. Residential energy tax credits have fluctuated significantly, peaking at $916.67 in 2015 and dropping to $283.33 in 2016, indicating potential variability in energy-efficient home improvements or tax policies.... Read more
Median Value of Occupied Housing Units in Grant County, South Dakota Over the Last 8 Years
Grant County, South Dakota, has seen a significant increase in median home values over the past eight years, rising from $107,900 in 2015 to $168,500 in 2022. This trajectory, while impressive, still falls below the state average in South Dakota, which climbed from $140,500 to $219,500 in the same period. Comparatively, Grant County's growth is slightly less aggressive than the national median, which increased from $125,500 in 2015 to $179,400 in 2022. This suggests that while housing in Grant County remains more affordable, it may present a less competitive market for investment compared to the broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Grant County, SD Over the Last 7 Years
Homeowners in Grant County, South Dakota have seen significant fluctuations in their residential energy tax credits over the last seven years, with noticeable peaks in 2015 at $916.67 and a smaller yet substantial rise in 2021 at $800.00. However, the average credits have also dropped drastically in certain years, hitting a low of $283.33 in 2016. This inconsistency suggests potential variance in energy-efficient home improvements or changes in tax policies, making it critical to consider timing and recent tax trends for those financially planning or investing in energy upgrades.
Average Real Estate Taxes Per Tax Return in Grant County, SD Over the Last 10 Years
Over the past decade, real estate taxes in Grant County, South Dakota have shown a steady upward trend with noticeable fluctuations. Starting from $2,080.85 in 2012, the average taxes per return grew to $4,371.43 in 2021. The period of 2016 to 2021 experienced some sharp increases, notably in 2018, with a jump to $3,600.00, and another climb in 2020 to $3,962.50, peaking at $4,371.43 in 2021. This rising trend might signal an overall increase in property values or changes in tax assessment practices, making it a vital trend for potential homeowners, investors, and real estate professionals to monitor.
Percentage of Farm Returns in Grant County, SD Over the Last 10 Years
Farm tax returns in Grant County, South Dakota show a consistent pattern of small fluctuations over the past decade, hovering around 14.29% in 2012 and leveling out at approximately 13.09% by 2021. Farm tax returns, which reflect the submission of income generated from agricultural activities, provide insights into the economic health and agricultural productivity of a region. For potential investors, property developers, or those considering a move, the steady trend with minor dips suggests a relatively stable agricultural sector that could signify a resilient farming community and predictable revenue streams in the county.
Number of Mortgages by Occupancy Type in Grant County, SD Over the Last 5 Years in Grant County
Grant County, South Dakota has seen fluctuating mortgage counts over the past five years, with a noticeable emphasis on principal residences, which consistently dominate the mortgage landscape. Investment properties and second homes trail significantly, suggesting a primary focus on owner-occupied housing. Such trends may hint at a stable residential community with modest investment and vacation home activity. For investors, a lower count of investment property mortgages could indicate less competition, yet may also reflect fewer opportunities for rental incomes. Insurance agents and appraisers might find the high ratio of principal residence mortgages a sign of a market with potentially lower risk profiles and stable property values. Real estate agents and builders can utilize this data to fashion marketing strategies that cater predominantly to homebuyers looking for primary residences.
Economic Outlook
Grant County, South Dakota has witnessed a significant rise in average taxable income per tax return over the past decade, jumping from approximately $52,055.61 in 2013 to $81,824.37 in 2021. This economic growth could be a promising indicator for potential investors, real estate agents, and builders. Concurrently, the average total tax liability per tax return has increased from around $8,252.94 in 2012 to $13,094.26 by 2021, possibly reflecting higher incomes or tax changes. Notably,... Read more
Average Taxable Income per Tax Return in Grant County, SD over the last 9 years
Grant County, South Dakota has seen a notable increase in average taxable income per tax return over the past nine years. From approximately $52,055.61 in 2013 to $81,824.37 in 2021, there's a clear upward trajectory. This trend might interest investors and real estate agents as it suggests growing prosperity and potentially increasing property values. Builders and insurance agents may also be intrigued by the area’s economic upturn, which could influence market demand and pricing. For those considering a move, it may signal a stable and flourishing local economy.
Average State and Local Income Taxes Per Tax Return in Grant County, SD Over the Last 6 Years
Over the last six years, Grant County, South Dakota has seen fluctuations in average state and local income taxes per tax return, peaking in 2014 at $6,737.50 and experiencing a similar high in 2016 at $6,744.44. Despite those peaks, there have been years like 2015 and 2017 where the averages dipped to $5,775.00 and $5,662.50, respectively. For investors, appraisers, and real estate agents, it's clear that income tax variability could impact household budgets and purchasing power. These trends may suggest periods of relative economic tightening or relief, affecting the local market dynamics in nuanced ways.
Average Total Tax Liability Per Tax Return in Grant County, SD Over the Last 10 Years
Grant County, South Dakota has seen a notable increase in average total tax liability per tax return over the past decade. Starting at around $8,252.94 in 2012, the figure has fluctuated slightly but generally followed an upward trend, with a significant jump to $13,094.26 by 2021. This rise might indicate economic growth, higher incomes, or changes in tax legislation affecting residents. Such trends are crucial for potential investors and real estate agents to understand, as they could impact property values and the overall cost of living in the area. Appraisers and insurance agents might also find this data valuable for assessing risk and determining accurate pricing models.
Cost of Living in Grant County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,012 | $1,496 | $2,458 | $1,013 | $984 |
| 1 adult 4 children | $1,012 | $1,222 | $1,884 | $1,013 | $1,063 |
| 2 adults 3 children | $1,012 | $1,222 | $2,130 | $1,013 | $777 |
| 1 adult 3 children | $1,012 | $998 | $1,557 | $1,013 | $811 |
| 2 adults 2 children | $826 | $1,000 | $1,803 | $878 | $688 |
| 1 adult 2 children | $826 | $747 | $1,229 | $878 | $621 |
| 2 adults 1 child | $826 | $791 | $1,475 | $439 | $667 |
| 1 adult 1 child | $826 | $511 | $901 | $439 | $518 |
| 2 adults | $628 | $635 | $1,148 | $0 | $578 |
| 1 adult | $575 | $346 | $574 | $0 | $470 |
Demographics
Grant County, South Dakota’s population shows a roughly even split between males and females. The area largely comprises residents over the age of 55, while those under 10 years represent a significant portion as well. Educational attainment indicates a strong prevalence of high school graduates, though fewer seem to pursue advanced degrees. Racially, the county is predominantly White, with relatively minor representation from other racial groups. These trends could influence local policies,... Read more
Race Distribution in Grant County, South Dakota (2022)
Educational Attainment in Grant County, South Dakota (2022)
Age Distribution in Grant County, South Dakota
Citizen Population in Grant County, South Dakota (2022)
Political Trends & Data
Grant County, South Dakota leans heavily Republican, with nearly 70% of the votes in the 2020 U.S. Presidential Election supporting the Republican candidate. Democrats received about 28% of the vote. This suggests a stable political landscape with a strong two-party preference, which might imply predictable policy environments that could appeal to certain investors or home buyers seeking political and economic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Grant County, South Dakota, appears to lean heavily Republican, with nearly 70% of the votes in the 2020 U.S. Presidential Election going to the Republican candidate. Democrats garnered around 28% of the vote, while the Libertarian candidate received just under 2%. No votes were recorded for the Green party, and no other parties made an impact, suggesting a strong two-party preference among voters in this area. This trend might indicate a stable political landscape with low variability in party support.
69.91% of voters voted for the Republican party in the 2020 Presidential Election
28.20% of voters voted for the Democrat party in the 2020 Presidential Election
1.90% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Grant County, South Dakota's student-to-teacher ratios have fluctuated from 9 in 2017 to nearly 11.5 in 2018, consistently beating the U.S. national average of 14 students per teacher. Smaller class sizes could be a draw for families prioritizing personalized education, and lower ratios might indicate opportunities for teachers looking for less crowded classrooms. Investors in the education sector could find value in the demand for more teaching staff to maintain such favorable... Read more
Student-to-teacher ratio in Grant County, South Dakota over the last 10 years
Grant County, South Dakota's student-to-teacher ratio has fluctuated over the past decade, with values ranging from a low of 9 students per teacher in 2017 to a high of nearly 11.5 in 2018. These ratios are consistently lower than the current U.S. national average of 14 students per teacher. Prospective parents considering a move may find smaller class sizes advantageous for personalized attention in their children's education. Lower ratios can also imply potential opportunities for teachers seeking employment in less crowded classrooms, and investors in the educational sector may see value in the demand for more teaching staff to maintain these favorable ratios.
