Hanson County Real Estate and Livability Trends
Hanson County, South Dakota's real estate market shows interesting dynamics, with median home values skyrocketing from $110,100 in 2015 to $171,300 in 2022, outperforming national and state trends. Average real estate taxes saw a rise from $1,952.00 in 2012 to $4,150.00 by 2021, likely reflecting rising property values. Meanwhile, mortgage patterns indicate a peak in principal residences in 2020,... Read more
Hanson County Market Trends
In Hanson County, South Dakota, median home values have impressively jumped from $110,100 in 2015 to $171,300 by 2022, outpacing both the national and state growth rates. Meanwhile, the average residential energy tax credit has shown significant fluctuations, peaking at $750.00 in 2016 and stabilizing around $600.00 in recent years, indicating evolving tax incentives. Additionally, average real... Read more
Median Value of Occupied Housing Units in Hanson County, South Dakota Over the Last 8 Years
Over the last eight years, Hanson County, South Dakota, has seen a significant rise in median home values, starting at $110,100 in 2015 and reaching $171,300 by 2022. This rate of increase outpaces the national growth from $125,500 to $179,400 and is even more dramatic considering the median home values in South Dakota overall surged from $140,500 to $219,500 during the same period. Homeowners and potential investors in Hanson County might find this trend particularly compelling, indicating a strong appreciation in property values within the county compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in Hanson County, SD Over the Last 5 Years
Hanson County, South Dakota has seen a notable fluctuation in the average residential energy tax credit per tax return over the past five years. Interestingly, from 2013 to 2015, there was a decline from $325.00 to $225.00, but this dipped trend reversed dramatically in 2016, reaching a peak of $750.00. Recently, as of 2021, the average stands at $600.00. For potential investors, homeowners, and real estate agents, these shifts might indicate evolving tax incentives or changing energy efficiency initiatives that could affect property values and the overall attractiveness of local real estate.
Average Real Estate Taxes Per Tax Return in Hanson County, SD Over the Last 10 Years
Over the past decade, Hanson County, South Dakota has observed a marked increase in average real estate taxes per tax return. Starting at around $1,952.00 in 2012, the amount spiked to $4,150.00 by 2021. Notable jumps appear in 2019 and 2021, hinting at evolving property valuation trends or potential tax rate changes. Such growth could signal rising property values and a robust real estate market, pivotal for potential investors, property developers, and others with a vested interest in the area's economic landscape.
Percentage of Farm Returns in Hanson County, SD Over the Last 10 Years
Hanson County, South Dakota has seen variable percentages of farm tax returns over the past decade, with figures fluctuating from 12.50% in 2019 to around 15.66% in 2015. These financial documents reflect the portion of the county's population involved in agriculture, offering insight into the local economy and land use trends. This data can be particularly useful for investors, potential residents, and property developers looking to understand the economic fabric of the area and assess the viability of agricultural investments.
Number of Mortgages by Occupancy Type in Hanson County, SD Over the Last 5 Years in Hanson County
In Hanson County, South Dakota, the number of mortgages for principal residences has shown significant fluctuations, peaking in 2020 with 187 and dropping to 88 in 2022. Meanwhile, investment properties have maintained a steadier, albeit low, count, suggesting a more stable interest in rental or resale markets. Second residences remain rare throughout the years. These trends in occupancy type can offer critical insights for potential investors and real estate agents by highlighting periods of high residential stability versus more volatile investment periods. For insurers and appraisers, understanding these dynamics helps in assessing property values and risk assessments. Those considering moving to or building in the area might infer the community's shifting priorities and economic health based on the mortgage patterns observed.
Economic Outlook
Hanson County, South Dakota has shown significant fluctuations in average taxable income per tax return over the past nine years, peaking at $76,043.01 in 2021 with occasional dips, notably in 2016 and 2019. The average state and local income taxes also varied, hitting a high of $7,466.67 in 2017, which could be significant for financial planning and tax liability considerations. The total tax liability per tax return reached a peak of $11,584.08 in 2021, suggesting shifts in economic burden or... Read more
Average Taxable Income per Tax Return in Hanson County, SD over the last 9 years
Hanson County, South Dakota has seen notable fluctuations in average taxable income per tax return over the past nine years. While the income levels exhibited a general upward trend, peaking at $76,043.01 in 2021, there were occasional dips, especially in 2016 and 2019. The data reflects a potential economic resilience and growth, with significant increases observed post-2018. This evolving economic landscape might indicate promising opportunities for investors, real estate agents, and those considering moving to or doing business in the county.
Average State and Local Income Taxes Per Tax Return in Hanson County, SD Over the Last 6 Years
Over the past six years, Hanson County, South Dakota, has seen fluctuating average state and local income taxes per tax return, peaking at $7,466.67 in 2017. Notably, from 2012 to 2014, there was a steady increase from $3,016.67 to $4,850.00, followed by a dip in 2015 and 2016. Such volatility might interest potential investors or residents seeking insights on financial planning, tax liabilities, and the broader economic landscape in this South Dakota county. Realtors and real estate investors should consider these trends to evaluate the attractiveness and stability of the market.
Average Total Tax Liability Per Tax Return in Hanson County, SD Over the Last 10 Years
Over the past decade, Hanson County, South Dakota has experienced notable fluctuations in the average total tax liability per tax return, peaking at $11,584.08 in 2021. The upward trajectory, particularly from 2020 to 2021, could suggest an increasing economic burden or changes in tax policies affecting residents. For potential investors or individuals interested in real estate, this trend might imply evolving fiscal responsibilities and can influence future financial planning decisions. It is essential to monitor these variations for a clearer understanding of the local economic climate and its potential impact on property values and investment returns.
Cost of Living in Hanson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,133 | $1,576 | $2,395 | $1,019 | $1,125 |
| 1 adult 4 children | $1,133 | $1,287 | $1,835 | $1,019 | $1,208 |
| 2 adults 3 children | $1,133 | $1,288 | $2,076 | $1,019 | $884 |
| 1 adult 3 children | $1,133 | $1,051 | $1,516 | $1,019 | $955 |
| 2 adults 2 children | $826 | $1,054 | $1,757 | $883 | $736 |
| 1 adult 2 children | $826 | $787 | $1,197 | $883 | $688 |
| 2 adults 1 child | $826 | $833 | $1,438 | $442 | $712 |
| 1 adult 1 child | $826 | $538 | $878 | $442 | $579 |
| 2 adults | $628 | $669 | $1,119 | $0 | $635 |
| 1 adult | $575 | $365 | $560 | $0 | $511 |
Safety trends & Data
Hanson County, South Dakota has experienced minor fluctuations in property crime over the past three years, with motor vehicle theft consistently being a concern. Burglary and fraud have shown more sporadic occurrences. This pattern may be particularly relevant for potential investors, insurance agents, and residents who are keen to gauge safety and risk factors in the area, suggesting an opportunity for targeted crime prevention... Read more
Property Crime Trends in Hanson County, SD Over the Last 3 Years
Hanson County, South Dakota has seen minor fluctuations in property crime over the past three years, with motor vehicle theft remaining a consistent concern. While burglary and fraud have shown more sporadic occurrences, motor vehicle theft has persisted each year, indicating a potential area for targeted crime prevention strategies. This trend might be relevant for potential investors, insurance agents, and residents looking to understand the safety and risk factors in the area.
Demographics
Hanson County, South Dakota seems to have a slightly higher male population, with educational attainment levels suggesting a majority holding high school diplomas or higher, though advanced degrees appear less common. Age distribution indicates a balanced spread across different age groups with noticeable numbers in both the younger (under 10 years) and older (over 75 years) demographics. The dominant racial demographic is white, implying little racial diversity. These insights could be useful... Read more
Race Distribution in Hanson County, South Dakota (2022)
Educational Attainment in Hanson County, South Dakota (2022)
Age Distribution in Hanson County, South Dakota
Citizen Population in Hanson County, South Dakota (2022)
Political Trends & Data
Hanson County, South Dakota, tends to favor Republican candidates, as evidenced by around 75% of votes going to the Republican candidate in the 2020 Presidential Election. With Democrats attracting just over 23% and Libertarians roughly 1.6%, the political climate here may indicate a predominantly conservative voter base. This could impact local policy decisions and economic priorities, potentially making the area more appealing to like-minded investors and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hanson County, South Dakota, leaned heavily Republican in the 2020 U.S. Presidential Election, with around 75% of votes cast for the Republican candidate. The Democrats garnered just over 23%, while the Libertarian Party saw a modest share at approximately 1.6%. These figures possibly reflect a strong Republican presence and a less competitive landscape for other parties in this region.
75.08% of voters voted for the Republican party in the 2020 Presidential Election
23.32% of voters voted for the Democrat party in the 2020 Presidential Election
1.59% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Hanson County, South Dakota's student-to-teacher ratio has fluctuated over the past decade, peaking at 20 in 2014 but dipping below the national average of 14 in 2017. Recently, the ratio has hovered closer to the national benchmark, possibly indicating efforts to improve educational quality. For real estate agents, appraisers, and investors, these educational trends could signal increased property values and heightened community appeal due to enhanced local schooling... Read more
Student-to-teacher ratio in Hanson County, South Dakota over the last 10 years
Over the past decade, Hanson County, South Dakota has seen its student-to-teacher ratio fluctuate significantly, starting from a high of 20 students in 2014 to a more balanced figure in recent years. Notably, the ratio dipped well below the national average of 14 students in 2017 and has hovered closer to the national benchmark since then. This trend might suggest a concerted effort to improve educational quality, which could be appealing to potential residents and investors looking for strong community resources. For real estate agents, appraisers, and those interested in local infrastructure, these changes could reflect broader efforts to strengthen the county's education system, potentially increasing property values and overall community appeal.
