Marshall County Real Estate and Livability Trends
Marshall County, South Dakota showcases dynamic real estate trends, with median home values rising from $97,400 in 2015 to $141,100 in 2022, hinting at favorable affordability compared to state and national growth. Property tax volatility, peaking at $5,300.00 in 2019, underscores fluctuating assessments that might impact financial planning for investors. The stable 20.95% farm tax returns... Read more
Marshall County Market Trends
Marshall County, South Dakota, has seen a moderate increase in median home values from $97,400 in 2015 to $141,100 in 2022, trailing state and national growth rates but suggesting more affordable housing opportunities. Real estate taxes per tax return have fluctuated significantly, peaking at $5,300.00 in 2019, indicating possible volatility in property tax assessments. The percentage of farm tax... Read more
Median Value of Occupied Housing Units in Marshall County, South Dakota Over the Last 8 Years
Marshall County, South Dakota, has seen a relatively moderate increase in median home values, rising from $97,400 in 2015 to $141,100 in 2022. While this represents a significant growth of roughly 45%, it trails both the state of South Dakota's increase from $140,500 to $219,500 and the national rise from $125,500 to $179,400 during the same period. This may suggest that Marshall County could offer more affordable housing opportunities compared to the broader real estate trends observed statewide and nationally, potentially making it an attractive option for investors or those considering relocation on a budget.
Residential Energy Tax Credit Per Tax Return in Marshall County, SD Over the Last 4 Years
Marshall County, South Dakota has seen a noteworthy decline in the average residential energy tax credit per tax return over the past four years. Starting at $2,080.00 in 2013, the credit decreased slightly in 2014 to $2,166.67, followed by significant drops to $650.00 in 2015 and $250.00 in 2016. This steep decline may suggest a reduced emphasis on energy-efficient improvements in residences or changes in tax credit policies, offering potential insights for real estate investors, appraisers, and those considering building or moving to the area.
Average Real Estate Taxes Per Tax Return in Marshall County, SD Over the Last 9 Years
Marshall County, South Dakota, has seen fluctuating real estate taxes per tax return over the past nine years. Real estate taxes ranged from a low of approximately $2,726.67 in 2013 to a peak of $5,300.00 in 2019. This variability suggests potential volatility in property tax assessments or changes in county fiscal policy, impacting property owners and prospective investors alike. The sharp increase in 2019 could indicate significant reassessments or shifts in budget needs, which might be critical for those assessing long-term investment potential or property tax forecasts.
Percentage of Farm Returns in Marshall County, SD Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Marshall County, South Dakota has generally hovered between 18.03% and 22.28%, with notable stability from 2013 to 2016 around the 20.95% mark. Farm tax returns, which are tax documents filed by farm owners to report income, expenses, and overall financial health, provide a snapshot of the agricultural economy. This stability suggests a relatively consistent agricultural presence, likely benefitting those looking to invest in, move to, build property in, or are generally interested in rural and agricultural lifestyles in this area.
Number of Mortgages by Occupancy Type in Marshall County, SD Over the Last 5 Years in Marshall County
Over the past five years in Marshall County, South Dakota, the number of mortgages for principal residences has fluctuated, peaking at 108 in 2021 and hitting a low of 50 in 2019. Investment property mortgages remained minimal, with a slight decline from 3 in 2020 and 2021 to just 1 in 2022. Second residence mortgages varied moderately, with the highest count of 15 in 2020 and a significant drop to 5 in 2022. Understanding these trends is vital for investors, realtors, and developers as shifts in occupancy types can indicate changes in the economic landscape, housing demand, and investment opportunities. For insurers and appraisers, occupancy type variations can impact risk assessment and property valuations. These trends also help current and potential residents gauge the market’s evolution and make more informed decisions.
Economic Outlook
Marshall County, South Dakota has shown a fluctuating average taxable income per tax return, with a low of $48,042.06 in 2019 and a peak at $72,749.23 in 2021. Significant rises in average state and local income taxes, from $8,750.00 in 2012 to $26,150.00 by 2016, suggest potential economic growth. Notable variations in total tax liabilities, such as spikes to $12,776.88 in 2015 and dips to $7,816.35 in 2017, provide important context for real estate investors and agents, highlighting the... Read more
Average Taxable Income per Tax Return in Marshall County, SD over the last 9 years
Marshall County, South Dakota, has seen a fluctuating trend in average taxable income per tax return over the past nine years. After a low of $48,042.06 in 2019, the average taxable income rebounded significantly in subsequent years, peaking at $72,749.23 in 2021. These shifts could indicate a dynamic economic environment, reflecting various socio-economic factors that may appeal to potential investors, real estate agents, and new residents. Understanding the county's economic landscape can help make more informed decisions about property investments and financial planning in the region.
Average State and Local Income Taxes Per Tax Return in Marshall County, SD Over the Last 3 Years
Marshall County, South Dakota has seen a significant increase in average state and local income taxes per tax return in recent years, starting from $8,750.00 in 2012, then more than doubling to $14,750.00 in 2013, and reaching $26,150.00 by 2016. This sharp rise may suggest an economic upturn, impacting investment potential, property appraisals, and insurance calculations. For real estate agents and those interested in the local market, this trend could signal growing affluence or shifts in the tax landscape, potentially affecting buyer behavior and property value assessments.
Average Total Tax Liability Per Tax Return in Marshall County, SD Over the Last 10 Years
Over the last decade, tax liabilities in Marshall County, South Dakota have displayed notable fluctuations, with spikes such as $12,776.88 in 2015 and dips to $7,816.35 in 2017. These variations offer insights into the county's economic climate, influencing decision-making for investors, real estate agents, and insurance providers. The trends in tax liabilities can also serve as indicators for property developers assessing risk and potential return on investment. For residents and potential movers, understanding these shifts can help in financial planning and forecasting future expenses.
Cost of Living in Marshall County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,472 | $2,458 | $1,019 | $1,061 |
| 1 adult 4 children | $1,174 | $1,202 | $1,884 | $1,019 | $1,163 |
| 2 adults 3 children | $1,174 | $1,202 | $2,130 | $1,019 | $852 |
| 1 adult 3 children | $1,174 | $982 | $1,557 | $1,019 | $912 |
| 2 adults 2 children | $826 | $984 | $1,803 | $883 | $702 |
| 1 adult 2 children | $826 | $735 | $1,229 | $883 | $641 |
| 2 adults 1 child | $826 | $778 | $1,475 | $442 | $680 |
| 1 adult 1 child | $826 | $502 | $901 | $442 | $532 |
| 2 adults | $628 | $625 | $1,148 | $0 | $590 |
| 1 adult | $575 | $341 | $574 | $0 | $481 |
Safety trends & Data
Marshall County, South Dakota, has shown a fluctuating yet generally low number of property crimes, including burglary, larceny-theft, vandalism, motor vehicle theft, and possession of stolen property, over the past five years. The few spikes, like six burglaries in 2018, highlight occasional upticks but overall indicate a minimal crime presence. Prospective property investors and residents might appreciate the low-risk environment, which could lead to lower insurance premiums and more stable... Read more
Property Crime Trends in Marshall County, SD Over the Last 5 Years
Marshall County, South Dakota, has exhibited a small but varied range of property crimes over the past five years, with notably low but present occurrences of burglary, larceny-theft, vandalism, motor vehicle theft, and possession of stolen property. The data reveals sporadic spikes, such as six burglaries in 2018, but generally, these incidents remain minor. This level of crime can offer a sense of security for prospective property investors and residents, signaling a relatively low risk environment. Insurance agents and appraisers might be especially interested in these figures as low crime rates typically correlate with lower insurance premiums and stabilize property values.
Demographics
Marshall County, South Dakota displays some intriguing demographic trends. While the male population slightly edges out the female population, the age distribution reveals a substantial portion of residents over 55, suggesting an older demographic profile. When investigating educational attainment, a significant number of individuals possess a high school diploma or higher, with a noteworthy concentration holding bachelor's degrees. In terms of racial composition, the county is predominantly... Read more
Race Distribution in Marshall County, South Dakota (2022)
Educational Attainment in Marshall County, South Dakota (2022)
Age Distribution in Marshall County, South Dakota
Citizen Population in Marshall County, South Dakota (2022)
Political Trends & Data
Marshall County, South Dakota, presents a fascinating political landscape where Republicans may dominate with around 59% of the votes, yet Democrats command a substantial presence at nearly 40%. The Libertarian party got about 1.5% of the vote, while the Green Party didn't register. This data hints at a Republican stronghold, but the significant Democratic share suggests an intriguing foundation for political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Marshall County, South Dakota, the 2020 U.S. Presidential Election saw an interesting distribution of votes. Republicans likely led with approximately 59% of the votes, while Democrats followed with around 39%. Libertarians garnered a modest 1.5%, and the Green Party didn't appear on the map. The data could suggest that Marshall County leans Republican, but the near 40% Democratic vote indicates a notable presence of left-leaning voters as well.
59.09% of voters voted for the Republican party in the 2020 Presidential Election
39.39% of voters voted for the Democrat party in the 2020 Presidential Election
1.52% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Marshall County, South Dakota has seen interesting shifts in its student-to-teacher ratio over the past decade, peaking at nearly 15 in 2020 before dropping to just over 11 in 2023. The county's current ratio is closely aligned with the national average of 14 students per teacher. These fluctuations can be a key point of interest for real estate investors, educators, and families, as they often reflect on the quality of education and can impact property values and overall community appeal. For... Read more
Student-to-teacher ratio in Marshall County, South Dakota over the last 10 years
Marshall County, South Dakota has seen fluctuations in its student-to-teacher ratio over the past decade, peaking at nearly 15 in 2020 before dropping to just over 11 in 2023. This trend aligns closely with the national average of 14 students per teacher, suggesting the county has managed to either curb or respond quickly to changing class sizes. Real estate investors, educators, and families considering a move might view these ratios as indicative of class sizes and individualized attention students can expect. Lower ratios generally reflect potentially higher-quality education, which can impact property values and community appeal. For appraisers and insurance agents, these trends may point to evolving demographics and the need for adjusted risk assessments.
