Haakon County Real Estate and Livability Trends
In Haakon County, South Dakota, the real estate market has shown significant growth with median home values jumping from $76,800 in 2015 to $139,200 in 2022, presenting good opportunities for first-time buyers and investors. Average taxable income and tax liabilities have shown variability, hinting at an unstable but potentially rich economic landscape for newcomers and builders. Additionally, a... Read more
Haakon County Market Trends
Over the last eight years, Haakon County in South Dakota has seen median home values surge from $76,800 in 2015 to $139,200 in 2022, making it an attractive market for first-time homebuyers and investors looking for affordable yet appreciating properties. Real estate taxes, however, have been erratic, ranging from a low of $1,640.00 in 2014 to a high of $2,800.00 in 2013, suggesting potential... Read more
Median Value of Occupied Housing Units in Haakon County, South Dakota Over the Last 8 Years
Over the last eight years, Haakon County in South Dakota has experienced a significant uptick in median home values, rising from $76,800 in 2015 to $139,200 in 2022. This upward trend, particularly noticeable since 2018, puts the county's median values well below the state and national averages, which were $219,500 for South Dakota and $179,400 for the United States in 2022. This could suggest a more affordable housing market in Haakon County, possibly attracting both first-time homebuyers and investors looking for value in an appreciating market.
Average Real Estate Taxes Per Tax Return in Haakon County, SD Over the Last 6 Years
Real estate taxes in Haakon County, South Dakota, have experienced notable fluctuations over the past six years, with values varying from a high of $2,800.00 in 2013 to a low of $1,640.00 in 2014. The trend has been somewhat erratic, indicating no clear upward or downward movement. This variability could be indicative of shifts in local governance, economic factors, or property values, all of which would be critical for potential investors, real estate agents, and insurance agents to monitor closely.
Percentage of Farm Returns in Haakon County, SD Over the Last 10 Years
Over the last decade, Haakon County, South Dakota, has seen farm tax returns hover around the 32% to 33% mark. This steady trend means that nearly one-third of the county's tax returns come from agricultural activities. For those looking to invest in, move to, or build property in the area, this suggests a stable agricultural economy, which could be a motivating factor due to potential tax benefits or a solid investment in local farming ventures.
Number of Mortgages by Occupancy Type in Haakon County, SD Over the Last 5 Years in Haakon County
Over the last five years in Haakon County, South Dakota, mortgages for principal residences have consistently outnumbered those for investment and second properties. While the count for investment properties remained low and relatively stable, principal residences saw notable peaks, especially in 2020 with 49 mortgages. Such occupancy type trends can reflect shifts in buyer behavior, potentially indicating a preference for long-term settlement over short-term investment. For investors and developers, understanding these trends matters because it can influence decisions on the type of properties to build or market. Real estate agents and appraisers might find value in recognizing areas where long-term residential demand is higher, impacting their pricing strategies and client advising.
Economic Outlook
Over the past nine years, Haakon County, South Dakota has experienced considerable fluctuations in average taxable income per tax return, ranging from about $44,016.00 in 2019 to approximately $65,179.38 in 2021. This variability hints at a diverse and potentially unstable economic landscape, useful for investors evaluating market conditions and property values. Notably, a high taxable income in recent years might suggest economic opportunities for newcomers and builders. Additionally, average... Read more
Average Taxable Income per Tax Return in Haakon County, SD over the last 9 years
Over the past nine years, Haakon County, South Dakota has seen notable fluctuations in average taxable income per tax return, ranging from a low of around $44,016.00 in 2019 to a high of approximately $65,179.38 in 2021. This variability could suggest a diverse economic landscape with periods of significant growth and potential instability. For investors and real estate agents, these shifts might indicate varying market conditions that could affect property values and investment opportunities. Additionally, the relatively high taxable income in recent years could point to economic opportunities and growth potential for those considering moving to or building in the area. Appraisers and insurance agents may also want to consider these trends when assessing property values and risk assessments.
Average Total Tax Liability Per Tax Return in Haakon County, SD Over the Last 10 Years
Haakon County, South Dakota, has seen notable fluctuations in average total tax liability per tax return over the last decade. Post-2013, there was a considerable rise, peaking sharply in 2014 at around $9,344.00 and again in 2021 at approximately $10,589.04, suggesting sporadic economic changes or policy shifts influencing tax burdens. Interestingly, the years 2018 and 2019 displayed a dip, hovering just above $7,000, possibly indicative of local economic downturns or tax relief measures. Investors and stakeholders should consider these trends for informed financial planning and property appraisals in the region.
Cost of Living in Haakon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,201 | $1,568 | $2,749 | $1,019 | $1,205 |
| 1 adult 4 children | $1,201 | $1,281 | $2,109 | $1,019 | $1,290 |
| 2 adults 3 children | $1,201 | $1,281 | $2,382 | $1,019 | $958 |
| 1 adult 3 children | $1,201 | $1,046 | $1,742 | $1,019 | $1,017 |
| 2 adults 2 children | $900 | $1,049 | $2,015 | $883 | $781 |
| 1 adult 2 children | $900 | $783 | $1,375 | $883 | $723 |
| 2 adults 1 child | $900 | $829 | $1,648 | $442 | $745 |
| 1 adult 1 child | $900 | $535 | $1,007 | $442 | $578 |
| 2 adults | $684 | $666 | $1,281 | $0 | $637 |
| 1 adult | $626 | $363 | $640 | $0 | $507 |
Demographics
Haakon County, South Dakota, presents a predominantly White population with males slightly outnumbered by females. Educational attainment suggests a noticeable portion of residents have finished high school, but there’s a smaller number chasing higher education degrees. Age-wise, it's a relatively mature community with a significant number of residents aged 55 and above. This demographic snapshot can offer insights into local governance needs, social services, and potential market... Read more
Race Distribution in Haakon County, South Dakota (2022)
Educational Attainment in Haakon County, South Dakota (2022)
Age Distribution in Haakon County, South Dakota
Citizen Population in Haakon County, South Dakota (2022)
Political Trends & Data
Haakon County, South Dakota, saw Republicans securing over 90% of the votes in the 2020 U.S. Presidential Election, reflecting a marked conservative tilt. This stronghold for the GOP underscores potential cultural and political values deeply embedded within the community. These dynamics may influence various aspects of life and policymaking in the county, affecting everything from local governance to business... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Haakon County, South Dakota, the 2020 U.S. Presidential Election showed a significant lean towards the Republican party, which may suggest a strong conservative base in the region. With Republicans potentially capturing over 90% of the vote, Democrats and other parties may find it challenging to gain traction here. Such a skewed distribution of votes could indicate deeply rooted political affiliations and cultural leanings that shape the county’s electoral dynamics.
90.24% of voters voted for the Republican party in the 2020 Presidential Election
9.23% of voters voted for the Democrat party in the 2020 Presidential Election
0.53% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Haakon County, South Dakota, the student-to-teacher ratio has shifted between 10 and 14 students per teacher over the last decade, often remaining below the national average. Fluctuations were seen particularly in 2017 and 2023, hitting the national mark of 14. These trends may suggest more individualized attention in classrooms, enhancing the overall educational experience. For real estate investors and new residents, these ratios could indicate a potentially more appealing community with... Read more
Student-to-teacher ratio in Haakon County, South Dakota over the last 10 years
In Haakon County, South Dakota, the student-to-teacher ratio has experienced fluctuations over the past decade, ranging from 10 to 14 students per teacher. Though generally staying below the national average of 14 students per teacher, there were occasional peaks like in 2017 and 2023 getting close or matching this average. These changes indicate variability in class sizes, which can impact the quality of education and classroom management. For investors and new residents, lower ratios often suggest more individualized attention for students, enhancing educational outcomes. Real estate and insurance agents might find these ratios useful when assessing property value and community attractiveness, impacting decisions on where to build or buy. Understanding these trends can also guide appraisers in evaluating long-term neighborhood desirability and school quality stability.
