Hyde County Real Estate and Livability Trends
Hyde County, South Dakota's real estate market dynamics reflect notable trends, especially in median home values and real estate taxes. Despite peaking at $104,300 in 2020, home values remain below state and national averages. Tax fluctuations from $1,525.00 in 2013 to $2,025.00 in 2016 and back to $1,633.33 in 2017 suggest variations in property values or local policies. Additionally, a rise in... Read more
Hyde County Market Trends
Hyde County, South Dakota's real estate market stands out for several reasons. Despite peaking at $104,300 in 2020, median home values here have stayed well below state and national averages, with South Dakota hitting $219,500 and the national average reaching $179,400 in 2022. Real estate taxes have been volatile, showing significant swings from $1,525.00 in 2013 to $2,025.00 in 2016 and back... Read more
Median Value of Occupied Housing Units in Hyde County, South Dakota Over the Last 8 Years
Over the past eight years, Hyde County, South Dakota has seen its median home values fluctuate, peaking at $104,300 in 2020. Despite this, the values have remained significantly lower than the state and national averages. For instance, South Dakota's median home value hit $219,500 in 2022, and the national average reached $179,400 the same year. This gap could be of interest to potential investors or homebuyers looking for more affordable real estate options within South Dakota.
Average Real Estate Taxes Per Tax Return in Hyde County, SD Over the Last 6 Years
Over the last six years, Hyde County, South Dakota has shown fluctuating trends in real estate taxes per tax return. 2013 saw a decrease to $1525.00 after $1600.00 in 2012, with a rebound to $1933.33 by 2015 and peaking at $2025.00 in 2016 before dropping to $1633.33 in 2017. This volatility might indicate varying property values or changes in local tax policies, crucial for investors and homeowners to consider for future financial planning and property-related decisions.
Percentage of Farm Returns in Hyde County, SD Over the Last 10 Years
In Hyde County, South Dakota, the percentage of farm tax returns has shown a gradual increase from 30% in 2012 to a peak of roughly 33.33% in 2014 and 2015, before stabilizing around 31% to 32% in recent years. Farm tax returns are financial reports filed by farmers to report income and expenses, which can indicate the number and health of farming operations in a region. This trend suggests a relatively stable farming community, which might interest investors or those looking to move to or develop property in a primarily agricultural area.
Number of Mortgages by Occupancy Type in Hyde County, SD Over the Last 5 Years in Hyde County
In Hyde County, South Dakota, over the past five years, principal residence mortgages have consistently outnumbered those for investment and second residences. A notable increase in principal residence mortgages, especially peaking at 38 in 2021, suggests growing appeal for those looking to settle here. Changes in occupancy type can significantly impact market dynamics; higher principal residence rates might hint at stability and community development, making it attractive for investors, real estate agents, or anyone looking to move. Conversely, minimal investment property activity indicates a potentially untapped market for investors or hints at existing market saturation. Understanding these trends is vital for making informed decisions about property appraisals, insurance, and development in Hyde County.
Economic Outlook
Hyde County, South Dakota has seen notable fluctuations in average taxable income and tax liabilities per tax return over the past decade, with key peaks in 2015 and 2021. Despite a dip in 2019 to $43,600.00, recent data shows a rebound to $59,375.81 in 2021. These variations might be tied to economic conditions or policy changes, making it a dynamic market for investors, real estate agents, and potential new residents. The varying disposable income may impact local market dynamics, influencing... Read more
Average Taxable Income per Tax Return in Hyde County, SD over the last 9 years
Over the past nine years, Hyde County, South Dakota has experienced fluctuations in average taxable income per tax return, showing some periods of growth and decline. Notably, 2015 marked a peak at $60,737.88 while 2019 was the lowest at $43,600.00. Recent data for 2021 shows a notable rebound with an average taxable income of $59,375.81. These trends may suggest a variable economic environment, potentially impacted by broader economic factors, making it interesting for investors, real estate agents, and those considering a move to the area.
Average Total Tax Liability Per Tax Return in Hyde County, SD Over the Last 10 Years
In the past decade, Hyde County, South Dakota has shown fluctuating tax liabilities per tax return, peaking notably in 2015 at $9,168.52 and 2021 at $9,460.00. This volatility might indicate varying economic conditions or policy changes impacting residents' finances. For those planning to invest or move to the area, these trends could suggest potential shifts in disposable income that might affect local market dynamics. Real estate agents and appraisers should consider these variations when advising clients, while insurance agents might use this data to anticipate changes in risk profiles.
Cost of Living in Hyde County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,005 | $1,472 | $2,395 | $1,019 | $990 |
| 1 adult 4 children | $1,005 | $1,202 | $1,835 | $1,019 | $1,051 |
| 2 adults 3 children | $1,005 | $1,202 | $2,076 | $1,019 | $765 |
| 1 adult 3 children | $1,005 | $982 | $1,516 | $1,019 | $803 |
| 2 adults 2 children | $826 | $984 | $1,757 | $883 | $683 |
| 1 adult 2 children | $826 | $735 | $1,197 | $883 | $619 |
| 2 adults 1 child | $826 | $778 | $1,438 | $442 | $663 |
| 1 adult 1 child | $826 | $502 | $878 | $442 | $531 |
| 2 adults | $628 | $625 | $1,119 | $0 | $588 |
| 1 adult | $575 | $341 | $560 | $0 | $466 |
Demographics
Hyde County, South Dakota has a slightly larger male than female population. Educationally, adults tend to have at least a high school diploma with a notable portion achieving some college but no degree. The age structure leans towards individuals aged 55 to 64, hinting at an older population demographic. The racial makeup is predominantly White, with very few residents identifying as Black, American Indian, Asian, or other... Read more
Race Distribution in Hyde County, South Dakota (2022)
Educational Attainment in Hyde County, South Dakota (2022)
Age Distribution in Hyde County, South Dakota
Citizen Population in Hyde County, South Dakota (2022)
Political Trends & Data
Hyde County, South Dakota's real estate dynamics may be influenced by its predominantly conservative voter base, anchored by around 79% of its 2020 presidential election votes leaning Republican. This political climate might hint at community values that could shape zoning laws, property taxes, and development projects, potentially attracting buyers with similar ideologies. The minimal presence of other parties, like Democrats at 19% and Libertarians at about 1.4%, suggests stable policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hyde County, South Dakota, the 2020 U.S. Presidential Election leaned heavily Republican, with the party potentially securing approximately 79% of the vote. Democrats may have garnered close to 19%, while Libertarians captured a small share, hovering around 1.4%. The Green Party and other parties seemingly had negligible or no impact in this locality. This data could suggest a predominantly conservative voter base in Hyde County.
79.44% of voters voted for the Republican party in the 2020 Presidential Election
19.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.41% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Hyde County, South Dakota has seen its student-to-teacher ratio peak in 2017 near 15 students per teacher but stabilized around 10 from 2019 onward. With the national average at 14, Hyde County's ratios suggest smaller class sizes, appealing to parents prioritizing individualized attention for their children. This trend could indicate a more closely-knit educational community, influencing real estate dynamics by potentially enhancing property values and marketability due to perceived higher... Read more
Student-to-teacher ratio in Hyde County, South Dakota over the last 10 years
Hyde County, South Dakota has shown fluctuations in its student-to-teacher ratio over the past decade, peaking in 2017 at nearly 15 students per teacher before dropping to consistent levels around 10 from 2019 onwards. Given the national average of 14 students per teacher, Hyde County's current ratios suggest smaller class sizes, which could be appealing for parents prioritizing individualized attention for their children. For investors, real estate agents, or those moving to the area, these trends may point toward a more tightly-knit educational community. Appraisers and insurance agents might also find this data relevant, as smaller class sizes can correlate with perceptions of higher educational quality, potentially impacting property values and their marketability.
