Jerauld County Real Estate and Livability Trends
Jerauld County, South Dakota, has experienced economic shifts that could significantly influence its real estate market. The county's median home values have surged from $81,600 in 2015 to $117,600 in 2022, outpacing the steady growth seen statewide and nationally. Taxable incomes and tax liabilities have fluctuated, potentially impacting property prices and investment prospects. Despite high... Read more
Jerauld County Market Trends
Jerauld County, South Dakota has seen a volatile yet upward trend in median home values, jumping from $81,600 in 2015 to $117,600 in 2022, contrasting with more consistent growth in both South Dakota and national averages. Real estate taxes have also displayed fluctuations but generally increased from $1,285.71 in 2013 to $1,540.00 in 2017, hinting at a rising tax burden. The farm returns ranged... Read more
Median Value of Occupied Housing Units in Jerauld County, South Dakota Over the Last 8 Years
Jerauld County, South Dakota, has seen a fluctuating but overall upward trend in median home values over the past eight years. Starting at $81,600 in 2015 and peaking at $117,600 in 2022, the county’s home values have experienced significant volatility. In contrast, both South Dakota and the national average showcased more consistent and substantial growth, with South Dakota rising from $140,500 to $219,500 and the national median increasing from $125,500 to $179,400 in the same period. This indicates that while Jerauld County might offer more affordable housing, its market experiences greater fluctuations, which could present both risks and opportunities for potential investors and homebuyers.
Average Real Estate Taxes Per Tax Return in Jerauld County, SD Over the Last 6 Years
Jerauld County, South Dakota has seen fluctuations in average real estate taxes per tax return over the past six years, ranging from as low as $1,285.71 in 2013 to a high of $1,850.00 in 2016. Despite this variability, there has been a general upward trend from $1,285.71 in 2013 to $1,540.00 in 2017. This information could be relevant for potential investors, real estate agents, and property builders as it provides a snapshot of the tax landscape, suggesting a somewhat increasing tax burden over time, which might influence long-term financial planning and property valuation in the area.
Percentage of Farm Returns in Jerauld County, SD Over the Last 10 Years
Tracking farm returns in Jerauld County, South Dakota over the past decade reveals a range hovering between 26.88% to 30.23%. Notable fluctuations are seen; for instance, 2018 peaks at 30.23%, indicating a relatively high engagement in farming activities. However, 2019 sees a dip to 26.88%, suggesting possible external factors impacting farm returns. This variability might be crucial for potential investors or those considering an agricultural venture in Jerauld County. Farm tax returns, for context, are reports filed by farmers to declare income minus deductible expenses, reflecting economic health and viability in the agricultural sector.
Number of Mortgages by Occupancy Type in Jerauld County, SD Over the Last 5 Years in Jerauld County
Investing in Jerauld County, South Dakota, has seen varied interest based on occupancy type. With mortgage counts for principal residences consistently high—peaking at 48 in 2020 and mostly staying above 30 in other years—this trend suggests a stable and growing population of homeowners. Investment properties, however, have only minimal activity, maxing out at 3 in 2021. This distribution might influence property values, insurance premiums, and appraisals, as a predominance of principal residences can indicate a more stable, community-focused market. Conversely, the low count of investment properties may imply less interest from landlords and investors, potentially affecting rental market dynamics and future development strategies. Understanding these nuances is crucial for real estate agents, appraisers, and developers looking to navigate this specific market.
Economic Outlook
In Jerauld County, South Dakota, average taxable income per tax return has fluctuated significantly, dropping from $52,343.68 in 2013 to $39,307.53 in 2019 before rebounding to $63,271.08 in 2021. Similarly, average total tax liability per tax return has seen peaks and troughs, from $8,638.81 in 2014 to $5,580.00 in 2019. This economic variability is crucial for real estate stakeholders as it could impact property values, investment potential, and overall economic... Read more
Average Taxable Income per Tax Return in Jerauld County, SD over the last 9 years
In Jerauld County, South Dakota, there's a noticeable fluctuation in average taxable income per tax return over the past nine years. Despite a drop from $52,343.68 in 2013 to $39,307.53 in 2019, figures rebounded to a high of $63,271.08 in 2021. This volatility could indicate economic variability or changing employment trends in the area, which is crucial for potential investors, real estate agents, and appraisers to consider when evaluating opportunities in the region.
Average Total Tax Liability Per Tax Return in Jerauld County, SD Over the Last 10 Years
Over the past decade in Jerauld County, South Dakota, the average total tax liability per tax return has seen notable fluctuations. Peaks in tax liability, such as $8,638.81 in 2014 and $8,105.97 in 2021, suggest varying economic conditions or tax rate changes. Meanwhile, significant drops, like the decline to $5,798.36 in 2018 and $5,580.00 in 2019, reflect periods possibly marked by lower earnings or policy shifts. These trends are important for potential investors, real estate professionals, and residents to monitor since they can influence property values, investment decisions, and economic stability in the area.
Cost of Living in Jerauld County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,544 | $2,395 | $1,019 | $1,054 |
| 1 adult 4 children | $1,174 | $1,261 | $1,835 | $1,019 | $1,149 |
| 2 adults 3 children | $1,174 | $1,262 | $2,076 | $1,019 | $841 |
| 1 adult 3 children | $1,174 | $1,030 | $1,516 | $1,019 | $893 |
| 2 adults 2 children | $826 | $1,033 | $1,757 | $883 | $691 |
| 1 adult 2 children | $826 | $771 | $1,197 | $883 | $622 |
| 2 adults 1 child | $826 | $816 | $1,438 | $442 | $667 |
| 1 adult 1 child | $826 | $527 | $878 | $442 | $516 |
| 2 adults | $731 | $656 | $1,119 | $0 | $604 |
| 1 adult | $575 | $358 | $560 | $0 | $462 |
Safety trends & Data
Jerauld County, South Dakota, has seen minor fluctuations in property crime rates over the past four years. Notably, fraud and vandalism have stayed consistent but relatively low from 2019 to 2021, with an increase in motor vehicle thefts in 2022. This low property crime incidence may attract investors, residents, or developers seeking a secure environment, while the rise in vehicle thefts could signal insurance agents and appraisers to reassess risks and... Read more
Property Crime Trends in Jerauld County, SD Over the Last 4 Years
Jerauld County, South Dakota, has experienced relatively minor fluctuations in property crime over the past four years. Noteworthy incidents include consistent, albeit low, fraud and vandalism cases from 2019 to 2021, with an uptick in motor vehicle thefts in 2022. This low incidence of property crime may appeal to those looking for a more secure environment for investment, residency, or real estate development. However, it's also crucial for insurance agents and appraisers to note the emerging pattern in vehicle thefts for risk assessment and policy adjustments.
Demographics
In Jerauld County, South Dakota, the population is almost evenly split between males and females, slightly tipping towards females. The educational attainment shows that a significant portion has, at most, a high school diploma or some college experience, but there's a notably smaller proportion with a bachelor’s or higher degree. The age distribution leans older, with a noticeable number of residents aged 55 years and above. Racially, the area is predominantly White, with minimal... Read more
Race Distribution in Jerauld County, South Dakota (2022)
Educational Attainment in Jerauld County, South Dakota (2022)
Age Distribution in Jerauld County, South Dakota
Citizen Population in Jerauld County, South Dakota (2022)
Political Trends & Data
In Jerauld County, South Dakota, around 72% of voters supported the GOP candidate in the 2020 U.S. Presidential Election. Democrats received about 27%, and the Libertarian candidate got under 1.5%. This strong Republican inclination likely shapes local policies and political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Jerauld County, South Dakota, a significant majority of voters leaned Republican in the 2020 U.S. Presidential Election, with nearly 72% supporting the GOP candidate. Democrats garnered approximately 27%, while the Libertarian candidate captured just under 1.5% of the vote. The data suggests a strong Republican presence in this area, which could influence local policy and political strategies.
71.67% of voters voted for the Republican party in the 2020 Presidential Election
26.84% of voters voted for the Democrat party in the 2020 Presidential Election
1.49% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Jerauld County, South Dakota has seen dramatic changes in its student-to-teacher ratio over the past decade. While it typically hovered around the national average of 14 students per teacher, 2020 saw an extraordinary spike, peaking at nearly 229 students per teacher in 2021. Although it has since dropped to 49 students per teacher in 2023, this is still notably high. These fluctuations suggest shifting population dynamics or resource allocation issues, potentially signaling challenges and... Read more
Student-to-teacher ratio in Jerauld County, South Dakota over the last 10 years
Jerauld County, South Dakota has experienced significant fluctuations in its student-to-teacher ratio over the last decade. Ratios have generally hovered around the national average of 14 students per teacher, but an extraordinary spike occurred starting in 2020, peaking dramatically in 2021 at nearly 229 students per teacher. Though the ratio has since decreased, it's still markedly high at 49 students per teacher in 2023. These changes could imply shifting population dynamics or resource allocation issues, posing potential challenges and opportunities for investors, educators, and policymakers in the region.
