Hughes County Real Estate and Livability Trends
Hughes County, South Dakota, has seen a steady rise in average taxable income per tax return from $56,250.55 in 2013 to $77,557.57 in 2021, suggesting potential economic growth and enhanced financial stability. Median home values in the county reached $216,500 in 2022, surpassing state and national averages, hinting at a robust real estate market that might attract investors. Meanwhile, real... Read more
Hughes County Market Trends
Median home values in Hughes County, South Dakota, have shown steady growth, peaking at $216,500 in 2022, outpacing state and national averages. This trend suggests a robust market, attractive to potential investors. The average residential energy tax credits have fluctuated, peaking at $360.00 in 2019, indicating consistent investment in energy-efficient improvements. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Hughes County, South Dakota Over the Last 8 Years
Median home values in Hughes County, South Dakota, have shown steady growth over the past eight years, peaking at $216,500 in 2022. This increase outpaces both state and national trends, where South Dakota's median hit $219,500 and the national average reached $179,400 in the same year. This sustained growth could indicate a strong market for those looking to invest, with higher local appreciation rates compared to broader trends.
Residential Energy Tax Credit Per Tax Return in Hughes County, SD Over the Last 8 Years
Over the past eight years in Hughes County, South Dakota, average residential energy tax credits per tax return have shown variability, peaking in 2019 at $360.00 and dipping to a low of $270.00 in 2020. While there seems to be no consistent upward or downward trend, the credits generally hover between $288.00 and $350.00, which could suggest steady investment in energy-efficient improvements. This fluctuation might be relevant for real estate agents and those looking to invest or move into the area, as energy efficiency incentives appear relatively stable, potentially impacting property appraisals and insurance considerations.
Average Real Estate Taxes Per Tax Return in Hughes County, SD Over the Last 10 Years
Over the past decade, Hughes County, South Dakota has seen a noticeable increase in real estate taxes per tax return, rising from $3,182.00 in 2012 to $4,996.00 by 2021. This upward trend reflects a potential rise in property values and local government funding needs. The notable jump between 2017 and 2018, where the average tax spiked from $3,842.86 to $4,658.62, is particularly interesting, suggesting a significant change in either property assessments or tax policies during that period. This data could influence decisions for investors, developers, and homeowners by indicating both growing financial obligations and possibly increasing property values within the county.
Percentage of Farm Returns in Hughes County, SD Over the Last 10 Years
Over the last decade, Hughes County, South Dakota, has seen a relatively stable yet slightly fluctuating percentage of farm returns, hovering around 4.6% to 5.2%. Farm tax returns reflect the earnings and operations tax filings of agricultural businesses, offering insight into the health and scale of the farming sector. This trend could be significant for investors or residents considering the agricultural viability and economic stability of the region. Despite minor variations, the steady percentage suggests a consistent agricultural presence, which might be appealing to those looking to capitalize on or contribute to the local rural economy.
Number of Mortgages by Occupancy Type in Hughes County, SD Over the Last 5 Years in Hughes County
Over the last five years in Hughes County, South Dakota, mortgage counts have seen considerable variations across different occupancy types. The data indicates that principal residences consistently have the highest number of mortgages, peaking at 1,256 in 2020 before dropping to 551 in 2022. Investment properties and second residences, though fewer in number, show trends that could be significant for potential investors and real estate agents. A decline in mortgage numbers for second residences and investment properties might suggest reduced interest or confidence in non-primary housing investments. For appraisers and insurance agents, understanding these fluctuations can aid in accurate property valuations and risk assessments. Builders and those looking to move should note these trends to align their strategies with the evolving market dynamics.
Economic Outlook
Hughes County, South Dakota, has shown a steady rise in average taxable income per tax return from around $56,250.55 in 2013 to approximately $77,557.57 in 2021. This trend suggests possible economic growth and improved financial stability, which might be attractive for investors and real estate professionals. Additionally, the county has experienced variable trends in state and local income taxes, peaking at $6,525.00 in 2014 and settling to around $5,900.00 in 2020. This variability could... Read more
Average Taxable Income per Tax Return in Hughes County, SD over the last 9 years
Over the past nine years, Hughes County, South Dakota has experienced a notable upward trend in average taxable income per tax return. Starting from approximately $56,250.55 in 2013, the average has escalated to about $77,557.57 by 2021. This consistent rise, albeit with slight dips, indicates probable economic growth and improving financial stability for residents, making it potentially attractive for investors, real estate agents, or individuals considering moving to or operating within this area.
Average State and Local Income Taxes Per Tax Return in Hughes County, SD Over the Last 9 Years
Hughes County, South Dakota, has experienced significant variability in average state and local income taxes per tax return over the last nine years. Starting at $2,970.00 in 2012, a notable peak occurred in 2014 with $6,525.00, followed by fluctuations resulting in $5,900.00 by 2020. Such trends may indicate changing economic conditions, tax policy shifts, or variations in income levels, which could be crucial for investment strategies, property development, and real estate market analyses.
Average Total Tax Liability Per Tax Return in Hughes County, SD Over the Last 10 Years
Over the last 10 years, Hughes County, South Dakota, has seen a somewhat variable trend in average total tax liability per tax return, with a notable spike in 2021 reaching $11,408.48. Prior to this, figures generally hovered around the $9,000 to $10,000 range, except for a dip to $8,948.25 in 2018. Such fluctuations can influence decisions for potential investors, homebuyers, and property developers, as tax liability impacts overall cost of living and investment viability. Appraisers and insurance agents may also need to consider these variations when evaluating properties and determining coverage or value assessments. Real estate agents can use this information to inform prospective buyers or sellers about the financial landscape in the county.
Cost of Living in Hughes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,278 | $1,472 | $2,395 | $1,018 | $1,010 |
| 1 adult 4 children | $1,278 | $1,202 | $1,835 | $1,018 | $1,100 |
| 2 adults 3 children | $1,278 | $1,202 | $2,076 | $1,018 | $808 |
| 1 adult 3 children | $1,278 | $982 | $1,516 | $1,018 | $856 |
| 2 adults 2 children | $899 | $984 | $1,757 | $883 | $664 |
| 1 adult 2 children | $899 | $735 | $1,197 | $883 | $576 |
| 2 adults 1 child | $899 | $778 | $1,438 | $443 | $635 |
| 1 adult 1 child | $899 | $502 | $878 | $443 | $505 |
| 2 adults | $683 | $625 | $1,119 | $0 | $561 |
| 1 adult | $601 | $341 | $560 | $0 | $449 |
Safety trends & Data
In Hughes County, South Dakota, there's been a notable decline in fraud incidents over the past five years, dropping from 96 in 2018 to 57 in 2022. Burglary rates have been erratic, hitting a low of 4 in 2019 after peaking at 17 in 2018. Larceny and motor vehicle thefts have also decreased significantly. Despite low and steady vandalism rates, there's been an interesting rise in stolen property arrests, which surged to 44 in 2022. This might suggest evolving criminal activity patterns or shifts... Read more
Property Crime Trends in Hughes County, SD Over the Last 5 Years
Over the past five years, Hughes County, South Dakota, has seen varying trends in property crimes. Fraud incidents consistently lead the list despite a gradual decrease from 96 in 2018 to 57 in 2022. Burglary rates fluctuated, peaking at 17 in 2018 and dropping to just 4 in 2019 before climbing back up. Larceny and motor vehicle theft rates show significant reductions over time. Vandalism remains relatively low and steady. Stolen Property arrests, interestingly, surged in 2022 to 44, indicating possible changes in criminal behavior or law enforcement focus.
Demographics
Hughes County, South Dakota, exhibits a slightly higher female population compared to males. The education landscape shows a significant portion of residents completing high school, with a notable number holding bachelor's degrees and some pursuing higher education. Age distribution suggests a diverse age range, though there appears to be a larger concentration of individuals in the 25 to 44 years bracket and a consistent number in older age groups. The racial composition is predominantly... Read more
Race Distribution in Hughes County, South Dakota (2022)
Educational Attainment in Hughes County, South Dakota (2022)
Age Distribution in Hughes County, South Dakota
Citizen Population in Hughes County, South Dakota (2022)
Political Trends & Data
Hughes County, South Dakota leans towards the Republican party, with around 63.3% of the vote in the 2020 U.S. Presidential election, compared to approximately 33.9% for the Democratic party and about 2.8% for the Libertarians. This suggests a strong two-party presence, particularly favoring... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hughes County, South Dakota, the 2020 U.S. Presidential election saw a noticeable lean towards the Republican party with approximately 63.3% of the vote. The Democratic party potentially garnered around 33.9%, while the Libertarian party received a smaller portion at about 2.8%. No significant support emerged for the Green party or other parties, suggesting a clear two-party dominance with a possible Republican preference.
63.30% of voters voted for the Republican party in the 2020 Presidential Election
33.85% of voters voted for the Democrat party in the 2020 Presidential Election
2.84% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Hughes County, South Dakota's student-to-teacher ratio has fluctuated between approximately 14 and 15 students per teacher over the last decade, often near the national average. The highest ratio reached 15 in 2018 and 2020, while the lowest was 14 in 2022. This relatively stable classroom size could be a draw for families seeking balanced educational environments, potentially influencing property values and premiums. For developers, this stability might hint at a consistent or growing demand... Read more
Student-to-teacher ratio in Hughes County, South Dakota over the last 10 years
Over the last decade, the student-to-teacher ratio in Hughes County, South Dakota, has generally hovered close to the national average of 14 students per teacher. Fluctuating between approximately 14 and 15 students per teacher, the highest ratio was 15 in 2018 and 2020, while the lowest ratio was 14 in 2022. This relatively stable ratio could suggest a balanced approach to classroom sizes, which may appeal to families looking for manageable class sizes and investors considering educational infrastructure as a stability indicator. For real estate agents, appraisers, and insurance agents, these trends might impact property valuations and premiums due to the perceived quality of education, while developers might see steady or rising demand for housing tied to the county's school system.
