Miner County Real Estate and Livability Trends
Miner County, South Dakota's average taxable income has generally risen over the last nine years, hitting $67,113.08 in 2021, reflecting economic resilience attractive to investors. Home values have climbed from $67,000 in 2015 to $93,900 in 2022, still below the state and national averages, indicating potential for growth. The area favors owner-occupied housing, suggesting market stability... Read more
Miner County Market Trends
Miner County, South Dakota has seen a notable increase in median home values, rising from $67,000 in 2015 to $93,900 in 2022. Despite this growth, home values remain well below both the state average of $219,500 and the national average of $179,400. Real estate taxes have also fluctuated, with an overall upward trend peaking at $1,783.33 in 2017. The area has a strong focus on owner-occupied... Read more
Median Value of Occupied Housing Units in Miner County, South Dakota Over the Last 8 Years
In Miner County, South Dakota, a steady increase in median home values has been observed over the last eight years, climbing from $67,000 in 2015 to $93,900 in 2022. While this growth is substantial, it's worth noting that median home values in Miner County remain significantly lower than both the state average, which rose to $219,500 in 2022, and the national average of $179,400 in the same year. This disparity might make Miner County an attractive option for those seeking more affordable housing options compared to broader state and national markets.
Average Real Estate Taxes Per Tax Return in Miner County, SD Over the Last 6 Years
Miner County, South Dakota has seen some fluctuation in average real estate taxes over the past six years. Taxes dipped to $1,457.14 in 2013 but have generally increased since then, peaking at $1,783.33 in 2017. This trend could suggest a gradual increase in property values or local tax rates. For potential investors, real estate agents, and those looking to move to the area, understanding these trends may be crucial for financial planning.
Percentage of Farm Returns in Miner County, SD Over the Last 10 Years
Miner County, South Dakota has seen fluctuating farm tax returns over the past decade, with highs around 30.56% in 2014 and lows near 25.86% in 2019. The overall trend shows moderate variability, suggesting some resilience and adaptability in the local agricultural economy. This information is crucial for those considering investments or property development in the area, providing insights into the economic stability and potential of the local farming community.
Number of Mortgages by Occupancy Type in Miner County, SD Over the Last 5 Years in Miner County
Miner County, South Dakota exhibits a significant trend toward principal residences as the dominant type of mortgage, with notable peaks in 2020 at 61 mortgages and a consistent presence ranging from 29 to 46 in other years. Investment properties and second residences show minimal activity, with investment property mortgages peaking at 4 in 2022 and second residences barely exceeding 2 across all reported years. These patterns might suggest a stable demand for owner-occupied housing, which could be appealing for appraisers and investors looking for a robust local market. For real estate agents and builders, these insights hint at a sustained market primarily catering to residents rather than transient or commercial usage, influencing both marketing strategies and development projects. Insurers might find this trend useful for risk assessments while those considering a move might appreciate the stability indicated by high principal residence numbers.
Economic Outlook
Miner County, South Dakota has shown a generally upward trend in average taxable income per tax return over the last nine years, peaking at $67,113.08 in 2021. Despite small dips in 2016 and 2019, this suggests economic resilience and growth potential, making the area intriguing for investors and real estate professionals. However, fluctuating tax liabilities, which dipped to $7,114.46 in 2018 but climbed back to $9,327.59 in 2021, indicate that understanding these tax trends is vital for... Read more
Average Taxable Income per Tax Return in Miner County, SD over the last 9 years
Miner County, South Dakota has shown a fluctuating yet gradually increasing trend in average taxable income per tax return over the last nine years. Starting at $54,482.14 in 2013, there were slight dips, particularly in 2016 and 2019, but the figures saw a notable rise in 2020 reaching $61,727.10 and climaxing at $67,113.08 in 2021. This could suggest economic resilience and potential growth opportunities, making it appealing for investors, real estate professionals, and those considering relocation.
Average Total Tax Liability Per Tax Return in Miner County, SD Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Miner County, South Dakota has shown significant fluctuations. The liability decreased from $10,323.86 in 2012 to a low of $7,114.46 in 2018, but more recently, it has been edging back up, reaching $9,327.59 in 2021. This variability could affect potential property investors, real estate agents, and financial planners. For those considering building or buying property in the area, understanding these tax trends is crucial for making informed decisions.
Cost of Living in Miner County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,005 | $1,544 | $2,395 | $1,019 | $999 |
1 adult 4 children | $1,005 | $1,261 | $1,835 | $1,019 | $1,084 |
2 adults 3 children | $1,005 | $1,262 | $2,076 | $1,019 | $790 |
1 adult 3 children | $1,005 | $1,030 | $1,516 | $1,019 | $830 |
2 adults 2 children | $826 | $1,033 | $1,757 | $883 | $700 |
1 adult 2 children | $826 | $771 | $1,197 | $883 | $637 |
2 adults 1 child | $826 | $816 | $1,438 | $442 | $677 |
1 adult 1 child | $826 | $527 | $878 | $442 | $528 |
2 adults | $628 | $656 | $1,119 | $0 | $587 |
1 adult | $575 | $358 | $560 | $0 | $477 |
Safety trends & Data
Miner County, South Dakota has experienced fluctuating property crime rates, with minor incidents like 1 burglary and 2 motor vehicle thefts reported in 2020 and a case of arson by 2022. Such variations could be critical for investors, real estate agents, and insurance professionals in assessing the area's safety and stability for development or policy... Read more
Property Crime Trends in Miner County, SD Over the Last 2 Years
Property crime in Miner County, South Dakota has seen some noteworthy activities over the past couple of years. In 2020, there were minor incidents including 1 burglary and 2 motor vehicle thefts. However, by 2022, there was a reported case of arson. These fluctuations may be important for investors, real estate agents, and insurance professionals as they evaluate the safety and stability of the region for potential developments or policy assessments.
Demographics
Miner County, South Dakota, presents an almost equal male-to-female ratio among the adult population, skewing slightly male. Educationally, a high number of residents hold a high school diploma, yet those with some college or an associate's degree constitute a significant portion too. Adults aged 55 to 64 years are seemingly the most prevalent, indicating a potentially aging population. The racial makeup is predominantly White, with minimal representation from other racial... Read more
Race Distribution in Miner County, South Dakota (2022)
Educational Attainment in Miner County, South Dakota (2022)
Age Distribution in Miner County, South Dakota
Citizen Population in Miner County, South Dakota (2022)
Political Trends & Data
Miner County's real estate market could potentially be influenced by its strong Republican leaning, showcased by the 2020 U.S. Presidential Election where about 69% of votes were for the Republican candidate. Such political landscapes sometimes drive demographic trends and community preferences, which could shape housing demands and property values. Additionally, the dominance of two-party voting patterns may hint at a relatively homogeneous population, affecting neighborhood stability and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Miner County, South Dakota, the 2020 U.S. Presidential Election results suggest a substantial leaning towards the Republican Party with around 69% of the votes. The Democratic Party garnered approximately 28%, while the Libertarian candidate received only about 2.7%. The absence of Green Party votes and minimal impact from other parties highlight a strong two-party preference among the electorate here.
69.16% of voters voted for the Republican party in the 2020 Presidential Election
28.12% of voters voted for the Democrat party in the 2020 Presidential Election
2.72% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Miner County, South Dakota, has experienced shifts in the student-to-teacher ratio, dipping to as low as eleven students per teacher from 2015 to 2020, before climbing to just over fourteen in 2023. These smaller class sizes could appeal to families seeking personalized education and educators preferring less crowded classrooms. For real estate investors or developers, these numbers might hint at a community-focused environment with competitive education metrics. Appraisers and insurance agents... Read more
Student-to-teacher ratio in Miner County, South Dakota over the last 10 years
Miner County, South Dakota has seen fluctuations in the student-to-teacher ratio over the past decade, dipping to a low around eleven students per teacher from 2015 to 2020, before rising to just over fourteen in 2023. This trend reveals the county's relatively small class sizes compared to the national average of fourteen, which may be appealing for families valuing more personalized education or for educators seeking less crowded classrooms. For those considering investments or real estate development, these ratios could suggest a stable, community-focused environment with competitive education metrics. Meanwhile, appraisers and insurance agents might look at these figures as part of a broader assessment of the area's quality of life and potential growth in demand for family-oriented housing. Overall, maintaining lower ratios could position Miner County as a desirable location, albeit with a recent uptick that might indicate changing dynamics in local schools.