Lincoln County Real Estate and Livability Trends
Median home values in Lincoln County, South Dakota have surged from $193,600 in 2015 to $292,200 in 2022, growing faster than state and national averages. Average taxable income per tax return climbed from $87,551.12 in 2013 to $127,238.93 by 2021, hinting at a flourishing local economy. Additionally, real estate taxes increased from $4,401.60 in 2012 to $8,237.70 in 2021, probably reflecting... Read more
Lincoln County Market Trends
Median home values in Lincoln County, South Dakota have surged from $193,600 in 2015 to $292,200 in 2022, outpacing both state and national trends. Real estate taxes in the county have also increased from $4,401.60 in 2012 to $8,237.70 in 2021, possibly reflecting rising property values and economic growth. Interestingly, the average residential energy tax credit peaked at $2,400.00 in 2018,... Read more
Median Value of Occupied Housing Units in Lincoln County, South Dakota Over the Last 8 Years
Over the past eight years, median home values in Lincoln County, South Dakota have surged from $193,600 in 2015 to $292,200 in 2022. This dramatic increase far outpaces both state and national trends, where South Dakota saw values rise from $140,500 to $219,500 and the national average climbed from $125,500 to $179,400 in the same period. For investors and potential homeowners, this significant appreciation suggests that Lincoln County might be a high-demand area, potentially offering substantial returns on property investments.
Residential Energy Tax Credit Per Tax Return in Lincoln County, SD Over the Last 9 Years
Over the past nine years in Lincoln County, South Dakota, the average residential energy tax credit per tax return has shown significant fluctuations, with a notable peak in 2018 at $2400.00. This spike likely reflects a higher adoption of energy-efficient improvements or changes in tax credit policies during that period. Following years saw a return to lower, more stable values, indicating changes in either home energy investments or available credits. Investors, appraisers, real estate agents, and homeowners might find these trends relevant for predicting future tax incentives and energy-saving measures that could impact property valuations and costs.
Average Real Estate Taxes Per Tax Return in Lincoln County, SD Over the Last 10 Years
Over the last decade, Lincoln County, South Dakota has seen a steady rise in average real estate taxes per tax return, climbing from around $4,401.60 in 2012 to approximately $8,237.70 in 2021. This trend might suggest increasing property values or higher tax rates, both of which are of interest to potential investors, homeowners, and real estate industry professionals. Such data could potentially signal robust economic growth and increased demand in the region, impacting appraisal values, investment strategies, insurance premiums, and overall market sentiment.
Percentage of Farm Returns in Lincoln County, SD Over the Last 10 Years
Lincoln County, South Dakota has seen a gradual decrease in the percentage of farm tax returns over the past decade. Starting at approximately 3.64% in 2012, this figure has been on a steady decline, reaching around 2.54% by 2021. Farm tax returns, a metric indicating the filing of taxes based on agricultural income, provide insights into the viability and economic health of the farming sector in the county. For potential investors, prospective residents, or those interested in local development, this trend could reflect shifting economic priorities or challenges within the agricultural industry, possibly impacting property values, local investments, and employment opportunities in the area.
Number of Mortgages by Occupancy Type in Lincoln County, SD Over the Last 5 Years in Lincoln County
Lincoln County, South Dakota has seen fluctuating numbers in mortgage counts over the past five years, with a substantial focus on principal residences, suggesting a stable demand for primary homes. For investors, the relatively steady figures for investment properties might imply a consistent opportunity in the rental market. The notably lower and sporadic numbers for second residences could indicate either a lesser interest in vacation homes or potential market saturation. These trends could be particularly relevant for those looking to invest in new developments, perform real estate appraisals, or provide insurance—highlighting that primary residences are likely the safest bet in this region.
Economic Outlook
Lincoln County, South Dakota, has shown a consistent rise in average taxable income per tax return, climbing from $87,551.12 in 2013 to $127,238.93 by 2021, which might point to a growing local economy. Significant spikes in state and local income taxes, especially between 2018 and 2020, imply potential economic growth or shifts in tax policies that could affect the real estate market. Additionally, the average total tax liability per tax return has surged to $25,786.16 in 2021, underscoring... Read more
Average Taxable Income per Tax Return in Lincoln County, SD over the last 9 years
Lincoln County, South Dakota, has experienced a notable upward trend in average taxable income per tax return over the past nine years. From $87,551.12 in 2013, taxable incomes have steadily risen, reaching $127,238.93 by 2021. This consistent growth could indicate a robust local economy, making the area potentially attractive for investors, real estate agents, and those considering relocation. The increasing taxable incomes may also affect property appraisal values and insurance premiums, reflecting the county's economic health.
Average State and Local Income Taxes Per Tax Return in Lincoln County, SD Over the Last 10 Years
Lincoln County, South Dakota has seen substantial fluctuations in average state and local income taxes per tax return over the past decade. Notably, taxes spiked significantly in 2019 to $24,950.00 from a previous $16,277.78 in 2018, continuing to rise slightly to $25,620.00 in 2020. This upward trend indicates potential economic growth or changes in tax policies that could impact investors, property builders, and real estate agents looking at the region. For residents and those considering relocating, understanding these shifts helps anticipate future financial responsibilities.
Average Total Tax Liability Per Tax Return in Lincoln County, SD Over the Last 10 Years
Lincoln County, South Dakota has experienced noticeable fluctuations in average total tax liability per tax return over the past decade, with a general upward trend. Remarkably, the average tax liability surged from around $17,428.87 in 2012 to $25,786.16 in 2021, highlighting significant financial shifts. These trends potentially suggest an increase in income levels or economic growth within the county, making it an intriguing prospect for real estate investors and economic analysts. Insurers and investment advisors may find these insights useful for risk assessment and financial planning, respectively.
Cost of Living in Lincoln County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,602 | $1,617 | $1,972 | $1,438 | $1,214 |
| 1 adult 4 children | $1,602 | $1,320 | $1,517 | $1,438 | $1,357 |
| 2 adults 3 children | $1,602 | $1,321 | $1,707 | $1,438 | $996 |
| 1 adult 3 children | $1,602 | $1,078 | $1,252 | $1,438 | $1,102 |
| 2 adults 2 children | $1,193 | $1,081 | $1,441 | $1,248 | $778 |
| 1 adult 2 children | $1,193 | $808 | $986 | $1,248 | $780 |
| 2 adults 1 child | $1,193 | $854 | $1,176 | $633 | $732 |
| 1 adult 1 child | $1,193 | $552 | $721 | $633 | $624 |
| 2 adults | $997 | $686 | $910 | $0 | $634 |
| 1 adult | $893 | $374 | $455 | $0 | $533 |
Safety trends & Data
Lincoln County, South Dakota has experienced varied property crime trends over the past five years. Burglary cases peaked at 14 in 2019 but declined to five by 2022, while larceny-theft incidents rose from four in 2018 to 15 in 2022. Motor vehicle thefts showed a slight increase, from four to seven cases over the same period, and vandalism rates have fluctuated, peaking twice at nine in 2020 and 2022. Notably, 2019 saw a mix of crimes such as forgery and counterfeiting with five cases, and two... Read more
Property Crime Trends in Lincoln County, SD Over the Last 5 Years
Over the last five years, Lincoln County, South Dakota has seen varied trends in property crimes. Burglary cases experienced a significant jump in 2019, reaching a peak of 14, before gradually declining to five in 2022. Larceny-theft incidents have shown a generally upward trend, rising from four in 2018 to 15 in 2022. Motor vehicle thefts have fluctuated but saw a slight increase from four cases in 2018 to seven in 2022. Vandalism rates have been inconsistent but fairly stable, peaking at nine in both 2020 and 2022. Notably, 2019 saw a diverse range of property crimes with the introduction of 5 forgery and counterfeiting cases and 2 fraud cases. Investors and real estate agents should consider these trends as indicators of the shifting safety landscape and its potential impact on property values and insurance rates.
Demographics
Lincoln County's demographic snapshot reveals intriguing trends and potential focus areas. There’s a slight male-to-female imbalance, with around 900 more women than men. Educational attainment appears quite advanced, with a significant chunk holding bachelor's degrees or higher. The age distribution is fairly young, though a notable component is aged 35-44 years, hinting at a robust workforce. Racial composition is predominantly White, but there’s also a small, yet diverse mix of other... Read more
Race Distribution in Lincoln County, South Dakota (2022)
Educational Attainment in Lincoln County, South Dakota (2022)
Age Distribution in Lincoln County, South Dakota
Citizen Population in Lincoln County, South Dakota (2022)
Political Trends & Data
In Lincoln County, South Dakota, around 61% of voters leaned Republican in the 2020 presidential election, hinting at strong conservative preferences. Democrats claimed about 37% of the vote, showcasing a smaller yet notable presence. Minor parties, including the Libertarians, had minimal impact with roughly 2.5% of the vote, suggesting a primarily two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lincoln County, South Dakota, it appears Republican candidates garnered around 61% of the vote in the 2020 presidential election, potentially indicating a strong conservative leaning. Democrats received about 37%, suggesting a smaller but notable presence. Minor parties, such as the Libertarians, barely made an impact with roughly 2.5% of the vote, while other parties didn't register. These figures might hint at a predominately two-party competition with limited third-party influence.
60.55% of voters voted for the Republican party in the 2020 Presidential Election
36.98% of voters voted for the Democrat party in the 2020 Presidential Election
2.46% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Lincoln County, South Dakota has seen its student-to-teacher ratio fluctuate significantly, hitting a peak of 71 students per teacher in 2014 before normalizing to around 15 to 17 students per teacher from 2020 to 2023. This trend might suggest shifts in school funding or population growth patterns, impacting the local housing market. Slightly higher ratios could affect the quality of education, influencing the area's desirability, an essential factor for prospective residents and real estate... Read more
Student-to-teacher ratio in Lincoln County, South Dakota over the last 10 years
Lincoln County, South Dakota has seen significant fluctuations in its student-to-teacher ratio over the past decade, peaking at a high of 71 students per teacher in 2014 before stabilizing to levels more consistent with the national average of 14 students per teacher. Recent years have shown ratios just slightly above the national average, with numbers around 15 to 17 students per teacher from 2020 to 2023. For investors, this could hint at changes in school funding or population growth patterns, which might impact the local housing market. Prospective residents and real estate agents should note that slightly higher ratios may influence the quality of education and, in turn, the desirability of the area. For insurance agents, these trends might correlate with population density changes, affecting risk assessment.
