McCook County Real Estate and Livability Trends
McCook County, South Dakota has seen median home values rise from $109,500 in 2015 to $186,100 in 2022, indicating strong local appreciation. Average taxable incomes have also climbed, suggesting a robust local economy, although fluctuations like the dip in 2016 highlight economic variability. Real estate taxes rose from $2,384.38 in 2012 to $3,566.67 in 2021, which could indicate increasing... Read more
McCook County Market Trends
McCook County, South Dakota has watched its median home values climb from $109,500 in 2015 to $186,100 in 2022, showcasing strong local appreciation despite trailing state-level trends. Energy tax credits per tax return have fluctuated, peaking at $580.00 in 2014 and $750.00 in 2019, reflecting varying investments in energy efficiency. Real estate taxes have risen from $2,384.38 in 2012 to... Read more
Median Value of Occupied Housing Units in McCook County, South Dakota Over the Last 8 Years
McCook County, South Dakota has seen a steady rise in median home values over the last eight years, jumping from $109,500 in 2015 to $186,100 in 2022. This local increase outpaces the national median home value, which went from $125,500 in 2015 to $179,400 in 2022. However, it trails behind the state-level trend where South Dakota's median home values elevated from $140,500 in 2015 to $219,500 in 2022. For those looking to invest, build, or move to McCook County, these figures suggest a comparatively affordable market within the state, yet showcasing strong appreciation trends reflective of broader regional growth.
Residential Energy Tax Credit Per Tax Return in McCook County, SD Over the Last 7 Years
The average residential energy tax credits per tax return in McCook County, South Dakota have shown considerable fluctuations over the past seven years. Notably, 2014 and 2019 saw higher averages, peaking at $580.00 and $750.00 respectively, which might hint at increased energy-efficient investments during those years. In contrast, 2016 saw a significant dip to $175.00, indicating perhaps fewer qualifying energy improvements. This volatility may impact decisions for those considering property investments or improvements geared towards energy efficiency in McCook County.
Average Real Estate Taxes Per Tax Return in McCook County, SD Over the Last 10 Years
Real estate taxes per tax return in McCook County, South Dakota, have seen a consistent upward trajectory over the past decade. Starting at $2,384.38 in 2012, there's a noticeable rise with a few minor fluctuations, peaking at $3,683.33 in 2019 before slightly stabilizing at $3,566.67 in 2021. This trend could suggest increasing property values and local government spending, making it a crucial consideration for potential homeowners, investors, and real estate professionals. The steady increase in taxes might also impact insurance rates and appraisals, reflecting the county's evolving economic landscape.
Percentage of Farm Returns in McCook County, SD Over the Last 10 Years
McCook County, South Dakota has seen a subtle yet steady decline in the percentage of farm tax returns over the past decade. In 2012, farm tax returns represented 19.48% of total returns, gradually decreasing to 16.44% in 2021. Farm tax returns indicate the proportion of tax filings from agricultural operations, which could reflect shifts in local economic activities. These trends might suggest evolving economic dynamics, impacting both current residents and potential investors considering the region's agricultural viability and broader economic environment.
Number of Mortgages by Occupancy Type in McCook County, SD Over the Last 5 Years in McCook County
Investment properties in McCook County, South Dakota have shown a significant increase over the past 5 years, rising from 5 mortgages in 2018 to 21 in 2022. Principal residences, although fluctuating, peaked sharply in 2020 with 376 mortgages, indicating heightened purchase activity, potentially due to favorable interest rates or migration trends. Second residences remain relatively low, only spiking momentarily in 2021. Shifting occupancy types can impact property values, insurance premiums, and local market dynamics, providing critical insights for real estate investors, appraisers, policymakers, and residents alike.
Economic Outlook
In McCook County, South Dakota, the average taxable income per tax return has mostly climbed over the past nine years, hitting $76,139.49 in 2021 after starting at $56,532.33 in 2013. Such a trend may indicate a robust local economy and growing earning potential, which could be appealing for real estate investors and professionals. However, economic variability, like the dip in 2016 to $58,317.16, is worth noting for risk assessment. Meanwhile, state and local income taxes per tax return... Read more
Average Taxable Income per Tax Return in McCook County, SD over the last 9 years
The average taxable income per tax return in McCook County, South Dakota has exhibited a generally upward trajectory over the past nine years. Starting at $56,532.33 in 2013, it saw periods of significant growth, peaking remarkably at $76,139.49 in 2021. This could suggest a strengthening local economy and increased earning potential, possibly making it an attractive option for real estate investors, appraisers, and professionals considering relocation. However, fluctuations such as the dip in 2016 to $58,317.16 indicate some economic variability, which is essential to consider for risk assessment in property investments and financial planning.
Average State and Local Income Taxes Per Tax Return in McCook County, SD Over the Last 2 Years
Over the past two years, McCook County, South Dakota has seen a significant increase in state and local income taxes per tax return, jumping from $3,300.00 in 2012 to $7,750.00 in 2013. This upward trend may suggest rising income levels or changes in tax legislation. Investors and potential residents should consider these fluctuations as part of their financial planning, while real estate professionals and appraisers might find this information useful for anticipating market dynamics.
Average Total Tax Liability Per Tax Return in McCook County, SD Over the Last 10 Years
In McCook County, South Dakota, the average total tax liability per tax return has fluctuated significantly over the past decade. Notable peaks occurred in 2015 and 2021, with average liabilities reaching approximately $10,801.90 and $11,662.50, respectively. Conversely, 2018 saw a dip to around $8,648.00. This variability in tax liabilities could signal changing economic conditions, policy adjustments, or shifts in local income levels, offering valuable insights for potential investors, realtors, and insurance agents.
Cost of Living in McCook County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $913 | $1,576 | $2,460 | $1,238 | $1,077 |
| 1 adult 4 children | $913 | $1,287 | $1,894 | $1,238 | $1,176 |
| 2 adults 3 children | $913 | $1,288 | $2,128 | $1,238 | $859 |
| 1 adult 3 children | $913 | $1,051 | $1,562 | $1,238 | $888 |
| 2 adults 2 children | $680 | $1,054 | $1,796 | $1,069 | $711 |
| 1 adult 2 children | $680 | $787 | $1,230 | $1,069 | $649 |
| 2 adults 1 child | $680 | $833 | $1,464 | $517 | $662 |
| 1 adult 1 child | $680 | $538 | $898 | $517 | $523 |
| 2 adults | $568 | $669 | $1,132 | $0 | $590 |
| 1 adult | $509 | $365 | $566 | $0 | $470 |
Demographics
McCook County, South Dakota's demographics show a male population slightly higher than the female population. Educational attainment data suggests a solid base with a high number of high school graduates and a notable portion holding bachelor's degrees. In terms of age, the population is relatively balanced, though there's a smaller segment of young adults aged 20-24. Racial composition is predominantly White, with minimal representation from other groups, underscoring a lack of diversity.... Read more
Race Distribution in McCook County, South Dakota (2022)
Educational Attainment in McCook County, South Dakota (2022)
Age Distribution in McCook County, South Dakota
Citizen Population in McCook County, South Dakota (2022)
Political Trends & Data
In McCook County, South Dakota, the 2020 U.S. Presidential Election results show a substantial conservative inclination, with approximately 71% of voters supporting the Republican candidate. Only around 27% backed the Democratic contender, while the Libertarian party received about 2% of the votes. This overwhelming Republican preference might reflect a broader conservative trend in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In McCook County, South Dakota, the 2020 U.S. Presidential Election results imply a strong preference for the Republican candidate, with approximately 71% of the votes. Democrats garnered around 27%, while the Libertarian party captured about 2%. This significant leaning toward the Republican party could suggest a broader conservative trend within the county.
71.31% of voters voted for the Republican party in the 2020 Presidential Election
26.52% of voters voted for the Democrat party in the 2020 Presidential Election
2.17% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In McCook County, South Dakota, the student-to-teacher ratio has climbed from roughly 11 students per teacher in 2014 to about 14 by 2023, now matching the national average. This shift could influence the local real estate market, with investors and agents potentially reevaluating the area's appeal. Families with school-aged kids may also weigh this trend in their relocation decisions, affecting demand and community... Read more
Student-to-teacher ratio in Mccook County, South Dakota over the last 10 years
Over the last decade, McCook County, South Dakota has seen its student-to-teacher ratio gradually increase from around 11 students per teacher in 2014 to approximately 14 students per teacher by 2023. Although this ratio began significantly lower than the national average of 14 students per teacher, it now aligns with it. This trend may impact various stakeholders: investors and real estate agents might find an evolving market more attractive or concerning, depending on their criteria; appraisers and insurance agents could see changes in school capacities and community services; and prospective residents, especially those with school-aged children, may factor this into their decision-making process.
