Hand County Real Estate and Livability Trends
Hand County, South Dakota has seen its median home values leap from $96,100 in 2015 to $150,000 in 2022, outpacing both state and national trends, suggesting strong ROI potential. Real estate taxes have varied, peaking at $2,510.00 in 2014 and dropping to $1,866.67 in 2018, possibly influenced by property values and local tax policies. Notably, mortgages for principal residences surged from 47 in... Read more
Hand County Market Trends
Hand County, South Dakota has seen its median home values jump from $96,100 in 2015 to $150,000 in 2022, outpacing both state and national trends. This could indicate potential for strong ROI due to its lower initial values. Real estate taxes have fluctuated, peaking at $2,510.00 in 2014 and bottoming out at $1,866.67 in 2018, suggesting variable factors like property values and local tax... Read more
Median Value of Occupied Housing Units in Hand County, South Dakota Over the Last 8 Years
Hand County, South Dakota's median home values have shown a significant upward trend over the past eight years, jumping from $96,100 in 2015 to $150,000 in 2022. This represents a notable increase compared to the state and national averages, with South Dakota's median home values rising from $140,500 to $219,500, and national values from $125,500 to $179,400 during the same period. Such a rapid appreciation suggests potential for strong returns on investment, particularly in the context of the lower initial values seen in Hand County. Investors and homebuyers might consider this county for its affordability and growing market value.
Average Real Estate Taxes Per Tax Return in Hand County, SD Over the Last 8 Years
Average real estate taxes per tax return in Hand County, South Dakota have shown some fluctuation over the past eight years, with a noticeable peak in 2014 at $2,510.00 and a general downward trend afterwards, bottoming out in 2018 at $1,866.67. This could suggest a variety of factors at play, from changing property values to shifts in local tax policies. For potential investors and real estate professionals, understanding this variance in taxes is crucial for forecasting expenses and setting realistic budgets. Appraisers and insurance agents might also find this trend useful when evaluating risks and coverage in the county.
Percentage of Farm Returns in Hand County, SD Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Hand County, South Dakota, shows a small but relatively consistent fluctuation around 27%. This indicates that roughly one-quarter of all tax returns filed in the county are tied to agricultural operations. For potential investors, residents, and developers, this may suggest a stable agricultural presence, potentially offering steady business opportunities in related sectors. For those interested in the area, understanding the significance of farm tax returns can provide insights into the local economy and help guide decisions related to agriculture-centric ventures, real estate, or community planning.
Number of Mortgages by Occupancy Type in Hand County, SD Over the Last 5 Years in Hand County
Over the past five years, Hand County, South Dakota has seen remarkable growth in mortgages for principal residences, growing from 47 in 2018 to 92 in 2021. Investment properties also show a rising trend, with mortgage counts increasing from 1 in 2018 to 5 in 2021. Meanwhile, second residences have remained comparatively stable but low in numbers. These shifts in occupancy types in the mortgage market are crucial for investors and developers as they indicate burgeoning demand and higher residential stability in the area. For appraisers and insurance agents, the growing trend in principal residences suggests a more permanent population base, which could stabilize property values and insurance risks. Real estate agents and anyone considering moving to the area should note these trends as reflective of a potentially vibrant real estate market.
Economic Outlook
Hand County, South Dakota, has seen its average taxable income per tax return rise from $55,836.47 in 2013 to $73,190.91 in 2021. This upward trajectory might suggest economic growth or shifts in income distribution, attracting interest from potential investors and property developers. Similarly, average tax liability per tax return has fluctuated, with a peak of $11,319.85 in 2012 and a low of $8,065.00 in 2019, hinting at varied economic conditions and employment trends. These financial... Read more
Average Taxable Income per Tax Return in Hand County, SD over the last 9 years
Hand County, South Dakota has seen its average taxable income per tax return fluctuate over the past nine years, with a notable increase recently. While 2013 started with an average of $55,836.47, there was a significant rise to $73,190.91 by 2021. This trend may indicate economic growth or shifts in income distribution, which could be of interest to potential investors, real estate agents, and those considering relocation. Property developers and appraisers might particularly note the potentially increasing affluence in the county, which could influence housing markets and valuations. This evolving financial landscape could also impact insurance assessments and other fiscal considerations.
Average Total Tax Liability Per Tax Return in Hand County, SD Over the Last 10 Years
Over the last decade, Hand County, South Dakota has shown notable fluctuations in average tax liability per tax return, peaking at $11,319.85 in 2012 and dipping to a low of $8,065.00 in 2019. These variations could be influenced by changing economic conditions, shifts in local employment, or demographic changes. Such trends matter for potential investors, appraisers, and real estate agents looking to gauge the financial climate. It also offers valuable context for those considering moving to or insuring property within the county.
Cost of Living in Hand County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,472 | $2,395 | $1,019 | $1,041 |
| 1 adult 4 children | $1,174 | $1,202 | $1,835 | $1,019 | $1,141 |
| 2 adults 3 children | $1,174 | $1,202 | $2,076 | $1,019 | $834 |
| 1 adult 3 children | $1,174 | $982 | $1,516 | $1,019 | $891 |
| 2 adults 2 children | $826 | $984 | $1,757 | $883 | $689 |
| 1 adult 2 children | $826 | $735 | $1,197 | $883 | $625 |
| 2 adults 1 child | $826 | $778 | $1,438 | $442 | $667 |
| 1 adult 1 child | $826 | $502 | $878 | $442 | $534 |
| 2 adults | $628 | $625 | $1,119 | $0 | $591 |
| 1 adult | $575 | $341 | $560 | $0 | $468 |
Safety trends & Data
Property crime trends in Hand County, South Dakota, seem to have fluctuated mildly over the past few years. Vandalism saw a slight increase in 2018, while larceny-theft and forgery incidents emerged in 2019 with minimal reported cases valued at $1.00. By 2020, minor cases of embezzlement and possession of stolen property also appeared, each totaling $1.00. This information could indicate a relatively low property crime rate that might be enticing for potential investors, real estate agents, and... Read more
Property Crime Trends in Hand County, SD Over the Last 3 Years
Property crime trends in Hand County, South Dakota, appear mixed over the past three years. Incidents of vandalism were reported in 2018 with a small spike, while larceny-theft and forgery emerged in 2019, each with 1.00 in reported cases. In 2020, embezzlement and possession of stolen property were noted, again with minor figures of 1.00 each. This data could suggest a relatively low level of property crime, which might appeal to potential investors, real estate agents, and residents considering the overall safety and stability of the area.
Demographics
Hand County, South Dakota, exhibits a balanced adult population with a slight male majority. Educational attainment highlights most adults as high school graduates or having some college education, though a noteworthy portion hold bachelor's or associate degrees. The age distribution suggests a significant number of residents are aged 55-64 and 65-74, hinting at a somewhat aging population. The overwhelming racial composition is White, with minor representation from other racial groups,... Read more
Race Distribution in Hand County, South Dakota (2022)
Educational Attainment in Hand County, South Dakota (2022)
Age Distribution in Hand County, South Dakota
Citizen Population in Hand County, South Dakota (2022)
Political Trends & Data
In Hand County, South Dakota, the 2020 U.S. Presidential Election results highlight a notable conservative trend, with approximately 78% of voters favoring the Republican candidate. The Democratic candidate received about 20% of the vote, underscoring a strong Republican presence. Additionally, third-party preferences, like the Libertarian party at around 1.6%, signal a minor but possibly increasing interest in alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hand County, South Dakota, the 2020 U.S. Presidential Election results show a significant lean toward the Republican party, which might suggest a strong conservative presence in the area. The Republican candidate received approximately 78% of the vote, while the Democrat candidate garnered about 20%, indicating a substantial preference for Republican policies. The presence of third-party votes, such as the Libertarian party with around 1.6%, reveals a small, yet potentially growing, appetite for alternative political viewpoints.
78.05% of voters voted for the Republican party in the 2020 Presidential Election
20.32% of voters voted for the Democrat party in the 2020 Presidential Election
1.63% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Hand County, South Dakota, has seen its student-to-teacher ratio fluctuate from a low of 9 students per teacher in 2017 to a high of 13 in 2022 and 2023. This ratio consistently stays below the national average of 14, suggesting smaller class sizes that could be a draw for families prioritizing individualized education. Real estate agents might leverage this as a key selling point, while appraisers and insurance agents might see it as an indicator of local population shifts or investment in... Read more
Student-to-teacher ratio in Hand County, South Dakota over the last 10 years
Over the past decade, the student-to-teacher ratio in Hand County, South Dakota has fluctuated, with values ranging from a low of 9 students per teacher in 2017 to a high of 13 in 2022 and 2023. Despite these variations, the ratio has generally remained below the national average of 14 students per teacher, indicating smaller class sizes. This trend could be appealing for families looking for more individualized attention in education, potential residents seeking quality schooling options, and real estate agents highlighting community strengths. For appraisers and insurance agents, these trends may reflect local population shifts or investments in educational resources.
