Gregory County Real Estate and Livability Trends
Gregory County, South Dakota has experienced a notable rise in median home values, jumping from $61,200 in 2015 to $109,100 in 2022. This significant increase, alongside rising average taxable incomes and tax liabilities, indicates a potentially robust economic environment that could attract both investors and incoming residents. Interestingly, the local school's student-to-teacher ratio remains... Read more
Gregory County Market Trends
Median home values in Gregory County, South Dakota, have seen a significant increase, climbing from $61,200 in 2015 to $109,100 in 2022. This rapid growth stands out compared to more gradual rises at both state and national levels, making the county appealing for investment due to its strong appreciation potential and relatively low entry cost. Meanwhile, the average residential energy tax credit... Read more
Median Value of Occupied Housing Units in Gregory County, South Dakota Over the Last 8 Years
Median home values in Gregory County, South Dakota, have experienced a steady rise over the past eight years, climbing from $61,200 in 2015 to $109,100 in 2022. This trajectory is particularly standout when compared to the more gradual increases seen at the state and national levels. For context, South Dakota's median home values rose from $140,500 to $219,500, whereas the national median went from $125,500 to $179,400 during the same period. Gregory County presents an intriguing proposition for those looking to invest or move, offering significant appreciation potential despite its relatively affordable entry point.
Residential Energy Tax Credit Per Tax Return in Gregory County, SD Over the Last 4 Years
Over the last four years in Gregory County, South Dakota, the average residential energy tax credit per tax return has shown notable fluctuations. Starting at $550.00 in 2013, it dipped to $300.00 in 2014, rebounded to $450.00 in 2015, and slightly increased to $566.67 in 2016. These variations could hint at changing patterns in energy-efficient home improvements and related investments by residents, possibly influenced by varying levels of awareness or economic incentives during these years. This data might be valuable for real estate agents, appraisers, or potential investors looking at the energy efficiency trends or the financial benefits of green initiatives in the county.
Average Real Estate Taxes Per Tax Return in Gregory County, SD Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Gregory County, South Dakota have shown a notable upward trend. Starting from $1,736.36 in 2012, taxes saw a significant surge, peaking at $3,633.33 in 2021. This steady increase might indicate rising property values or changes in local tax policies, which could be crucial for investors and real estate agents evaluating the area. Homeowners and prospective buyers should be aware of these trends as they may impact purchasing decisions and long-term costs. Additionally, appraisers and insurance agents may find this data relevant for assessing property values and risk assessments.
Percentage of Farm Returns in Gregory County, SD Over the Last 10 Years
Farm tax returns in Gregory County, South Dakota, have fluctuated slightly but remained within the range of 25.37% to 27.32% over the past decade. In 2017, the percentage peaked at around 27.32%, indicating a possible increase in farm-related income or property values. Those looking to invest, move, or build property here may find this stability in farm tax returns indicative of a relatively consistent agricultural economy, potentially providing a reliable backdrop for long-term investment and development in the region.
Number of Mortgages by Occupancy Type in Gregory County, SD Over the Last 5 Years in Gregory County
Gregory County, South Dakota, has shown variable trends in mortgage activity over the past five years, particularly notable in the sharp fluctuations in principal residence mortgages, peaking at 96 in 2021 before dropping to 66 in 2022. The modest number of mortgages for investment properties and second residences reflects a lower focus on non-primary housing, with investment properties seeing a high of just 4 in 2018 but declining since. These variations can impact market dynamics, influencing appraisals, insurance premiums, and investment strategies, as changes in occupancy type might signal shifts in local demand, rental markets, or long-term residency trends. For real estate agents and developers, understanding these patterns helps tailor their approaches to buyers' and investors' evolving preferences.
Economic Outlook
Gregory County, South Dakota has seen a notable increase in the average taxable income per tax return, moving from $43,951.47 in 2013 to $62,430.00 in 2021. This rising trend, despite some fluctuations, hints at an improving economic environment that might attract investors and potential new residents. Additionally, the average total tax liability per tax return has followed an overall upward trajectory, from $6,835.17 in 2012 to $9,956.95 in 2021. For real estate professionals, these trends... Read more
Average Taxable Income per Tax Return in Gregory County, SD over the last 9 years
Over the past nine years, Gregory County, South Dakota has seen a notable trend in the average taxable income per tax return, moving from $43,951.47 in 2013 to $62,430.00 in 2021. This generally rising pattern, despite a few fluctuations, may indicate an improving economic environment potentially attractive for investors and those considering moving to the area. For real estate agents and appraisers, the rising income could signal a growing demand for housing, though insurance agents might also see implications for coverage valuations. Real estate developers might see opportunities for new projects aligned with this economic uplift.
Average Total Tax Liability Per Tax Return in Gregory County, SD Over the Last 10 Years
Gregory County, South Dakota has seen a somewhat fluctuating yet upward trend in average total tax liability per tax return over the last decade. Starting from $6,835.17 in 2012, there were marked increases reaching $8,533.78 in 2015, with a notable spike to $9,956.95 in 2021. These shifts suggest varying economic factors at play, likely influenced by changes in local income levels, property values, and perhaps county tax policies. For potential investors and stakeholders, understanding these trends could offer insights into the financial climate and fiscal responsibilities in the area.
Cost of Living in Gregory County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,504 | $2,395 | $1,019 | $1,044 |
| 1 adult 4 children | $1,174 | $1,228 | $1,835 | $1,019 | $1,143 |
| 2 adults 3 children | $1,174 | $1,229 | $2,076 | $1,019 | $835 |
| 1 adult 3 children | $1,174 | $1,003 | $1,516 | $1,019 | $892 |
| 2 adults 2 children | $826 | $1,006 | $1,757 | $883 | $689 |
| 1 adult 2 children | $826 | $751 | $1,197 | $883 | $625 |
| 2 adults 1 child | $826 | $795 | $1,438 | $442 | $668 |
| 1 adult 1 child | $826 | $513 | $878 | $442 | $521 |
| 2 adults | $646 | $639 | $1,119 | $0 | $584 |
| 1 adult | $575 | $348 | $560 | $0 | $471 |
Safety trends & Data
Property crime trends in Gregory County, South Dakota have shown varied fluctuations over the past five years without overwhelming spikes. Larceny-theft and vandalism remain consistent issues, while motor vehicle theft and burglary, though less frequent, also contribute. Notably, 2019 experienced a broader range of property crimes, indicating a need for closer examination. These trends provide valuable insights for real estate investment, insurance, and appraisals to accurately assess... Read more
Property Crime Trends in Gregory County, SD Over the Last 5 Years
Property crime trends in Gregory County, South Dakota show a varied pattern over the past five years, with notable fluctuations but no overwhelming spikes. Larceny-theft and vandalism have consistently maintained a presence, while crimes like motor vehicle theft and burglary, although less frequent, also play a role. Interestingly, years like 2019 saw a broader range of property crimes, suggesting it may be worth examining that period more closely for potential influencing factors. These trends suggest that while there isn't an overwhelming crime rate, those interested in real estate investment, insurance, or appraisals might want to take note of these fluctuations to appropriately assess risk.
Demographics
Gregory County, South Dakota shows a nearly equal male-to-female ratio, which could suggest balanced gender representation in community roles and activities. Education-wise, a significant portion of the adult population possesses at least a high school diploma, with many having some college experience but fewer holding bachelor’s or advanced degrees, indicating a potential focus on vocational or immediate workforce entry. The age distribution reveals a substantial number of residents aged 55... Read more
Race Distribution in Gregory County, South Dakota (2022)
Educational Attainment in Gregory County, South Dakota (2022)
Age Distribution in Gregory County, South Dakota
Citizen Population in Gregory County, South Dakota (2022)
Political Trends & Data
In Gregory County, South Dakota, the 2020 U.S. Presidential Election results reflected a strong Republican leaning, with almost 80% of votes seemingly going to the Republican candidate. Democratic support was possibly around 20%, highlighting a significant political divide. Libertarian votes were minimal, barely above 1%, and the Green party didn't appear to gain any traction. This could indicate a deeply ingrained Republican influence in this predominantly rural... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Gregory County in South Dakota tended to lean heavily Republican in the 2020 U.S. Presidential Election, with nearly 80% of the votes potentially going to the Republican candidate. The Democratic support hovered around 20%, showing a significant disparity between the two main parties. Libertarian votes were possibly minimal, barely reaching above 1%, and the Green party didn't appear to garner any notable traction. These figures might underscore the strong Republican influence in this predominantly rural area.
78.43% of voters voted for the Republican party in the 2020 Presidential Election
20.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.42% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Gregory County, South Dakota's student-to-teacher ratio, fluctuating between 10 and 12 over the past decade, consistently beats the national average of 14. In 2017, the ratio was as low as 9 students per teacher. Such smaller class sizes could attract families who value personalized education, potentially making the region more desirable for homebuyers. For real estate agents, this is a compelling angle to emphasize when marketing properties, while appraisers and insurance agents might see this... Read more
Student-to-teacher ratio in Gregory County, South Dakota over the last 10 years
Over the past decade, the student-to-teacher ratio in Gregory County, South Dakota has fluctuated between ten and twelve students per teacher, generally staying below the national average of 14. The lowest ratio was seen in 2017 at about 9 students per teacher, whereas the highest was around 12 students in 2019. This consistent trend of lower ratios could imply more personalized attention for students, making the county potentially attractive to families prioritizing education. For real estate agents and potential investors, these figures offer a compelling case to promote properties in the area, highlighting the education quality as a key selling point. Similarly, appraisers and insurance agents might consider this trend when evaluating property values and insurance premiums, given the county's focus on maintaining smaller class sizes relative to the national average.
