Meade County Real Estate and Livability Trends
Meade County, South Dakota, is experiencing significant economic growth, evidenced by the rise in average taxable income from $48,960.20 in 2013 to $71,560.01 in 2021. This could be attracting real estate investments, further supported by rising median home values which hit $252,300 in 2022, well above both national and state medians. Stable student-to-teacher ratios below the national average... Read more
Meade County Market Trends
Meade County, South Dakota has seen notable growth in median home values over the last eight years, hitting $252,300 in 2022, compared to the national median of $179,400 and the state median of $219,500. This trend suggests a demand-driven market, making it a compelling choice for investors and those considering relocation. The average residential energy tax credit per tax return also saw peaks,... Read more
Median Value of Occupied Housing Units in Meade County, South Dakota Over the Last 8 Years
Over the last 8 years, Meade County, South Dakota has seen significant growth in median home values, reaching $252,300 in 2022, while the national median value was $179,400. When compared to the state median, which was $219,500 in 2022, Meade County's figures point to a trend of relatively higher property value appreciation. This may indicate a demand-driven market, making it an intriguing locale for investors and those considering relocating or building property in the area.
Residential Energy Tax Credit Per Tax Return in Meade County, SD Over the Last 8 Years
Over the last eight years, Meade County, South Dakota saw a notable fluctuation in the average residential energy tax credit per tax return, peaking significantly in 2017 at $510.00 and maintaining higher values like $486.67 in 2021. This variability suggests a potential correlation with local energy-efficient initiatives or changes in state and federal incentives, which could be an essential consideration for real estate investors, homeowners, and insurers evaluating property values and energy consumption trends. Understanding these patterns can help anticipate future credit opportunities and support sustainable building practices in the region.
Average Real Estate Taxes Per Tax Return in Meade County, SD Over the Last 10 Years
Real estate taxes in Meade County, South Dakota, have shown a steady increase over the last decade, with significant jumps occurring around 2018. In 2012, the average real estate taxes per return were approximately $3,126.94, rising to about $4,918.60 by 2021. Notably, there was a marked spike between 2017 and 2018, from $3,492.07 to $4,375.51, suggesting potential shifts in property value assessments or tax rates. These trends could be vital for investors, appraisers, and real estate agents considering this county, as understanding tax trajectories can influence investment decisions and property values.
Percentage of Farm Returns in Meade County, SD Over the Last 10 Years
In Meade County, South Dakota, the percentage of farm tax returns over the last decade has shown a slightly fluctuating yet general decline, starting at approximately 7.13% in 2012 and tapering off to about 6.42% in 2021. Farm tax returns can give insight into agricultural profitability and economic conditions, crucial for those considering investments or relocation in the rural landscape. Notably, farm returns peaked at around 7.67% in 2013 but have gradually dropped, signaling potential shifts in the agricultural sector's economic stability or farm operations' reporting patterns. This data is key for developers and investors looking to gauge the viability of agricultural ventures or support infrastructure in Meade County.
Number of Mortgages by Occupancy Type in Meade County, SD Over the Last 5 Years in Meade County
Investment in Meade County, South Dakota, shows a clear preference towards principal residencies, with substantial growth in mortgage counts peaking in 2020 and on a downward trend thereafter. Even with investment properties and second homes showing far smaller volumes and slight fluctuations, changes in these trends might signal evolving market dynamics or policy impacts. For those considering investing, moving, appraising, building, or selling in the area, understanding these occupancy types can highlight demand drivers, risk factors, and future opportunities tied to broader economic shifts. Insight into these variables can help tailor strategies to capitalize on residential demand or mitigate potential risks in investment properties.
Economic Outlook
Meade County, South Dakota has seen an impressive increase in average taxable income, from $48,960.20 in 2013 to $71,560.01 in 2021, signaling potential economic growth and increased employment opportunities. This upward trend could make the area attractive for real estate investment and development. Alongside, local income taxes have fluctuated significantly, peaking at $11,650.00 in 2020, hinting at broader economic shifts or policy changes. Average total tax liability per tax return has also... Read more
Average Taxable Income per Tax Return in Meade County, SD over the last 9 years
Meade County, South Dakota has trended positively in average taxable income over the last nine years, showing a marked increase from $48,960.20 in 2013 to $71,560.01 in 2021. This growth trajectory could suggest a strengthening local economy or increasing employment opportunities, making it a compelling area for real estate investment and development. With such financial dynamism, stakeholders such as appraisers, insurance agents, and those considering a move to Meade County might find the rising income levels indicative of a prosperous community.
Average State and Local Income Taxes Per Tax Return in Meade County, SD Over the Last 10 Years
Meade County, South Dakota has experienced significant fluctuations in average state and local income taxes per tax return over the past decade. Notably, there was a sharp increase from $4,947.22 in 2012 to a peak of $11,650.00 in 2020, reflecting broader economic patterns and possibly policy changes. This rising trend could imply growing economic activity or increased tax rates, which matters for potential investors and property developers considering the cost implications. Real estate agents might find this data crucial for understanding market dynamics, while appraisers and insurance agents could use these insights to adjust their evaluations and risk assessments accordingly.
Average Total Tax Liability Per Tax Return in Meade County, SD Over the Last 10 Years
The average total tax liability per tax return in Meade County, South Dakota has shown fluctuations over the past decade, rising significantly in recent years. Starting around $7,220.06 in 2012, the liability witnessed a notable increase by 2021, where it peaked at approximately $10,573.18. This trend might suggest growing incomes or changes in tax policy impacting residents. For investors, potential homeowners, appraisers, or real estate professionals, understanding these shifts could be crucial for financial planning and property evaluations in the area.
Cost of Living in Meade County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,345 | $1,492 | $2,760 | $1,199 | $1,232 |
| 1 adult 4 children | $1,345 | $1,218 | $2,126 | $1,199 | $1,327 |
| 2 adults 3 children | $1,345 | $1,219 | $2,387 | $1,199 | $987 |
| 1 adult 3 children | $1,345 | $995 | $1,753 | $1,199 | $1,063 |
| 2 adults 2 children | $1,012 | $998 | $2,014 | $1,035 | $796 |
| 1 adult 2 children | $1,012 | $745 | $1,380 | $1,035 | $754 |
| 2 adults 1 child | $1,012 | $789 | $1,642 | $500 | $744 |
| 1 adult 1 child | $1,012 | $509 | $1,007 | $500 | $588 |
| 2 adults | $769 | $633 | $1,269 | $0 | $626 |
| 1 adult | $677 | $346 | $634 | $0 | $501 |
Safety trends & Data
Meade County, South Dakota has seen varied property crime trends over the past five years, with notable fluctuations across different crime types. Larceny-theft peaked in 2019 at 37 cases but dropped to 11 by 2022. Burglary incidents initially surged in 2021 after a low in 2020, decreasing slightly again in 2022. Vandalism spiked to 25 cases in 2020 before returning to lower numbers. Fraud cases have gradually increased, peaking at 13 in 2022. These crime trends could impact property... Read more
Property Crime Trends in Meade County, SD Over the Last 5 Years
Meade County, South Dakota has shown varying trends in property crimes over the last five years, with some notable fluctuations. Larceny-theft incidents peaked in 2019 with 37 cases but significantly decreased to 11 by 2022. Burglary cases, while initially low in 2020, saw a resurgence in 2021 before slightly decreasing again in 2022. Vandalism incidents saw a sharp increase to 25 cases in 2020, before stabilizing to lower numbers in subsequent years. Fraud cases have generally shown a gradual increase, peaking at 13 incidents in 2022. These fluctuations may affect property valuations, insurance premiums, and the overall sense of security in the community, impacting decisions for potential investors, residents, and real estate professionals in Meade County.
Demographics
Meade County, South Dakota features a slightly higher male population compared to females. Educational attainment varies, with a notable percentage having some college education yet no degree, while a significant portion holds a Bachelor's degree or higher. Age distribution hints at a substantial working-age population, particularly in the 25 to 34 and 35 to 44 year brackets. Racial demographics indicate a predominantly White population, with smaller representations from other racial groups.... Read more
Race Distribution in Meade County, South Dakota (2022)
Educational Attainment in Meade County, South Dakota (2022)
Age Distribution in Meade County, South Dakota
Citizen Population in Meade County, South Dakota (2022)
Political Trends & Data
In Meade County, South Dakota, the 2020 Presidential Election revealed a strong Republican preference, potentially comprising about 72.2% of the votes. Democratic support might have been near 24%, while Libertarians seemed to capture less than 4%. Other parties, including the Green party, had minimal influence, indicating a dominant Republican presence with limited political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Meade County, South Dakota, the 2020 U.S. Presidential Election saw a significant lean toward the Republican party, with Republican candidate preference possibly making up roughly 72.2% of the votes. Democrats, on the other hand, might have garnered about 24%, trailing considerably behind. Libertarians appeared to capture just under 4% of the vote, while the Green party and other parties seemingly made negligible impact. This distribution suggests a solid Republican stronghold with limited political diversity in terms of party support.
72.24% of voters voted for the Republican party in the 2020 Presidential Election
24.03% of voters voted for the Democrat party in the 2020 Presidential Election
3.73% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Meade County, South Dakota, has managed to keep its student-to-teacher ratio below the national average of 14 students per teacher, ranging from 11.6 to 12.8 over the past decade, with notable dips in 2018 and 2023. Such stable and relatively small class sizes could attract families prioritizing personalized education, impacting homebuying preferences and driving demand for housing. For investors and builders, this metric may signal a community that values education, potentially enhancing the... Read more
Student-to-teacher ratio in Meade County, South Dakota over the last 10 years
Over the past decade, Meade County, South Dakota has generally maintained a student-to-teacher ratio below the national average of 14 students per teacher. The ratio has remained fairly stable, fluctuating between 11.6 and 12.8 with a noticeable dip to 11.6 in 2018 and 11.68 in 2023. This suggests relatively small class sizes, which might be attractive to families prioritizing personalized education and could also influence homebuyers and investors looking at the school system's reputation. For real estate agents, appraisers, and insurance agents, such figures can indicate a stable and appealing educational environment that could drive demand for housing in the county. Builders and those looking to invest in new developments might see this as an indicator of a community that values quality education, potentially boosting the long-term viability of new housing projects.
