Lawrence County Real Estate and Livability Trends
Lawrence County, South Dakota had a notable financial rise from 2013 to 2021, with average taxable income per tax return increasing from about $58,231.02 to $100,153.45. Median home values surged from $180,100 in 2015 to $267,900 in 2022, indicating strong property appreciation rates. Real estate taxes also saw notable hikes, hitting a peak at $5,826.87 in 2020, reflecting either increasing... Read more
Lawrence County Market Trends
Lawrence County, South Dakota, is experiencing a pronounced increase in median home values, rising from $180,100 in 2015 to $267,900 in 2022, outpacing both state and national growth rates. Energy-focused investments, evidenced by a sharp peak in residential energy tax credits per tax return in 2021, could indicate a growing trend towards sustainability and energy-efficient properties.... Read more
Median Value of Occupied Housing Units in Lawrence County, South Dakota Over the Last 8 Years
Lawrence County, South Dakota has seen a significant upward trend in median home values over the past eight years, with values rising from $180,100 in 2015 to $267,900 in 2022. This local growth outpaces both the state and national averages, where South Dakota's median home values went from $140,500 to $219,500 and the national figures increased from $125,500 to $179,400 over the same period. For potential investors, homeowners, or developers, this sharp rise could indicate a booming real estate market in Lawrence County, suggesting strong demand and appreciating property values.
Residential Energy Tax Credit Per Tax Return in Lawrence County, SD Over the Last 8 Years
Lawrence County, South Dakota has seen fluctuating trends in residential energy tax credits per tax return over the last eight years, most notably peaking sharply in 2021 at $1300.00, which is a significant increase from previous years where values mostly hovered between $283.33 and $471.43. This recent spike might suggest a growing investment in energy-efficient home improvements or changes in tax incentives. For investors, property developers, and residents, this trend could be indicative of an increased focus on sustainability and potential future value in energy-efficient properties.
Average Real Estate Taxes Per Tax Return in Lawrence County, SD Over the Last 10 Years
In Lawrence County, South Dakota, the average real estate taxes per tax return have exhibited a notable upward trend over the past decade. Starting at $3,532.52 in 2012, the value has risen steeply, peaking at $5,826.87 in 2020 before a slight dip in 2021 to $5,777.27. This sharp increase, particularly from 2017 to 2018, suggests heightened property values or tax rate adjustments that could affect investors, potential homeowners, and those in related sectors like insurance and real estate.
Percentage of Farm Returns in Lawrence County, SD Over the Last 10 Years
The percentage of farm tax returns in Lawrence County, South Dakota, has hovered around 2.5% to 3.0% over the past decade. Notable peaks occurred in 2013 at approximately 2.94% and in 2017 at roughly 2.83%. Farm tax returns generally highlight the economic activity and viability of agricultural operations in the region, which may suggest a stable but modest sector. This consistency could imply a reliable, though not rapidly growing, agricultural landscape, potentially valuable for long-term rural investments or property developments. For those looking to invest or settle in Lawrence County, the steady nature of these returns might indicate a balanced environment for agricultural businesses without volatile fluctuations.
Number of Mortgages by Occupancy Type in Lawrence County, SD Over the Last 5 Years in Lawrence County
Lawrence County, South Dakota has seen fluctuating trends in mortgage counts by occupancy type over the past five years. Principal residences remain the dominant category, though their numbers dipped from 1,868 in 2020 to 1,141 in 2022. Second residences and investment properties also show varying trends, with investment property mortgages decreasing from a peak of 204 in 2021 to 162 in 2022. Changes in occupancy types can reveal shifts in demographic and economic factors; for example, a decline in principal residence mortgages might suggest affordability issues or population changes. On the flip side, fluctuations in investment property mortgages could indicate varying investor confidence or shifts in the local rental market. Understanding these dynamics can be crucial for investors, real estate agents, and anyone looking to build or appraise property in the area.
Economic Outlook
From 2013 to 2021, Lawrence County, South Dakota witnessed a noteworthy rise in average taxable income per tax return, beginning at approximately $58,231.02 and climbing to $100,153.45, with the steepest increase between 2020 and 2021. State and local income taxes per tax return also displayed variability, peaking at $24,821.43 in 2021. Total tax liability per tax return similarly surged, rising from around $9,374.86 in 2012 to about $18,524.58 in 2021. These trends suggest shifts in economic... Read more
Average Taxable Income per Tax Return in Lawrence County, SD over the last 9 years
From 2013 to 2021, Lawrence County, South Dakota, has experienced a significant upward trend in average taxable income per tax return, with notable fluctuations. Starting at approximately $58,231.02 in 2013, it saw a marked rise to $100,153.45 by 2021. Interestingly, the most substantial year-on-year increase appears between 2020 and 2021. This trend might suggest an improving economic landscape and could impact decisions related to real estate investment, insurance rate calculations, property appraisals, and even the desirability of moving to the area.
Average State and Local Income Taxes Per Tax Return in Lawrence County, SD Over the Last 10 Years
Over the past decade in Lawrence County, South Dakota, state and local income taxes per tax return have shown some fluctuations. While there's been some variability, significant jumps are notable in recent years, particularly in 2018 and again in 2021, where it hit a high of $24,821.43. This volatility could hint at economic or policy shifts in the area which can be crucial for potential investors, homebuyers, real estate professionals, and other stakeholders who are keen on understanding the financial landscape.
Average Total Tax Liability Per Tax Return in Lawrence County, SD Over the Last 10 Years
Lawrence County, South Dakota has seen a notable upward trend in average total tax liability per tax return over the past decade. Starting at roughly $9,374.86 in 2012, it peaked dramatically to around $18,524.58 in 2021. This significant increase may be indicative of rising property values, higher incomes, or changes in tax policy, making it crucial for potential investors, property developers, and real estate agents to reassess the financial landscape of the area. For those moving to or living in Lawrence County, understanding these trends can provide better insights into cost of living and fiscal planning.
Cost of Living in Lawrence County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,242 | $1,568 | $2,749 | $1,018 | $1,142 |
| 1 adult 4 children | $1,242 | $1,281 | $2,109 | $1,018 | $1,222 |
| 2 adults 3 children | $1,242 | $1,281 | $2,382 | $1,018 | $909 |
| 1 adult 3 children | $1,242 | $1,046 | $1,742 | $1,018 | $953 |
| 2 adults 2 children | $874 | $1,049 | $2,015 | $883 | $729 |
| 1 adult 2 children | $874 | $783 | $1,375 | $883 | $652 |
| 2 adults 1 child | $874 | $829 | $1,648 | $443 | $698 |
| 1 adult 1 child | $874 | $535 | $1,007 | $443 | $534 |
| 2 adults | $664 | $666 | $1,281 | $0 | $599 |
| 1 adult | $584 | $363 | $640 | $0 | $469 |
Safety trends & Data
Property crime trends in Lawrence County, South Dakota have shown notable fluctuations over the past five years. Larceny-theft spiked at 39 cases in 2020, dropping to 27 by 2022. Vandalism peaked at 14 in 2021, with burglary reaching 8 cases the same year but declining significantly in 2022. Forgery incidents rose to 12 in 2022, while fraud cases have generally decreased since 2020. This mixed bag of crime data can influence investor decisions, impact real estate values, and inform policymakers... Read more
Property Crime Trends in Lawrence County, SD Over the Last 5 Years
Property crime trends in Lawrence County, South Dakota over the last five years show fluctuating levels of various offenses. Notably, instances of larceny-theft peaked in 2020 at 39 and then decreased to 27 in 2022. Vandalism and burglary rates have seen some variability, with vandalism peaking at 14 in 2021 and burglary reaching up to 8 in 2021 but dropping significantly in 2022. Forgery and fraud rates have also shown some fluctuations, with forgery incidents rising to 12 in 2022, while fraud incidents have generally decreased after 2020. This data could be critical for investors, real estate agents, and policymakers considering the area's safety metrics and potential impact on property values.
Demographics
Lawrence County, South Dakota shows a slight population skew towards females. The educational landscape hints at a preference for higher education, with substantial numbers holding at least a Bachelor's degree or higher. Age-wise, there's a noticeable concentration in the 35 to 64-year range, which could imply a mature, experienced workforce. The racial makeup is predominantly White, with minimal representation from other racial groups. This demographic composition could influence local... Read more
Race Distribution in Lawrence County, South Dakota (2022)
Educational Attainment in Lawrence County, South Dakota (2022)
Age Distribution in Lawrence County, South Dakota
Citizen Population in Lawrence County, South Dakota (2022)
Political Trends & Data
In Lawrence County, South Dakota, the Republican Party seemingly commanded the 2020 U.S. Presidential Election, possibly capturing over 63% of the vote. Democrats, on the other hand, appeared to have garnered around 32.8%, while Libertarians hovered just below 4%. The notable disparity in party support could suggest a robust Republican presence, with other parties finding it challenging to gain substantial... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lawrence County, South Dakota, the Republican Party seemingly dominated the 2020 U.S. Presidential Election, possibly garnering over 63% of the vote. Meanwhile, Democrats appeared to have secured around 32.8%, with Libertarians achieving just under 4%. The Green Party and other parties did not make a noticeable impact. This distribution may indicate a strong Republican leaning, with other parties struggling to gain significant traction.
63.30% of voters voted for the Republican party in the 2020 Presidential Election
32.81% of voters voted for the Democrat party in the 2020 Presidential Election
3.89% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Lawrence County, South Dakota, the student-to-teacher ratio has seen wild fluctuations over the past decade, reaching a high of 24 students per teacher in 2018-2019 before dropping to around ten in 2023. This recent decline positions Lawrence County favorably for parents prioritizing education quality, offering more personalized attention compared to the national average of fourteen students per teacher. For real estate investors and developers, these stats suggest evolving demographic... Read more
Student-to-teacher ratio in Lawrence County, South Dakota over the last 10 years
Over the past decade, the student-to-teacher ratio in Lawrence County, South Dakota has shown significant fluctuations, peaking at 24 students per teacher in 2018 and 2019, before declining to around ten in 2023. These changes impact various stakeholders, particularly those in education and real estate investment. For families considering relocating, lower ratios in recent years suggest potentially more personalized student attention compared to the national average of fourteen students per teacher, making Lawrence County attractive for parents prioritizing education quality. Investors and developers may see these trends as indicative of shifting demographic demands, potentially affecting property valuations and school funding needs. Real estate agents and insurance agents should note these trends as they may influence buyer preferences and property risks associated with school district quality.
