Minnehaha County Real Estate and Livability Trends
Minnehaha County, South Dakota has seen a notable rise in average taxable income per tax return, reaching approximately $96,480.68 in 2021, hinting at economic growth. Interestingly, median home values have significantly surged from $155,400 in 2015 to $246,200 in 2022, outpacing broader trends. Despite this, real estate taxes have nearly doubled, hitting $6,745.50 in 2021, which might reflect... Read more
Minnehaha County Market Trends
Minnehaha County, South Dakota, has seen a striking rise in median home values, escalating from $155,400 in 2015 to $246,200 in 2022, outpacing both state and national trends. Average residential energy tax credits here have fluctuated dramatically, peaking at $2,286.67 in 2018, hinting at inconsistent uptake of energy efficiency incentives. Real estate taxes per tax return nearly doubled between... Read more
Median Value of Occupied Housing Units in Minnehaha County, South Dakota Over the Last 8 Years
Over the last eight years, Minnehaha County, South Dakota has experienced a significant rise in median home values, jumping from $155,400 in 2015 to $246,200 in 2022. This increase outpaces the state and national trends, where South Dakota saw values rise to $219,500 and the U.S. hit $179,400 by 2022. Such growth makes Minnehaha County a curious spot for investors, new residents, and property developers aiming to capitalize on this upward momentum.
Residential Energy Tax Credit Per Tax Return in Minnehaha County, SD Over the Last 9 Years
Minnehaha County, South Dakota, has seen fluctuating trends in the average residential energy tax credit per tax return over the last nine years. The tax credit peaked significantly in 2018 at $2,286.67, indicating an unusual spike compared to other years, which generally saw values ranging from around $374.22 to $645.04. Such volatility might suggest varying availability or uptake of energy efficiency incentives. For investors, appraisers, and real estate agents, understanding these variations could provide insights into local investment in energy-saving technologies, which might contribute to long-term property value and marketability.
Average Real Estate Taxes Per Tax Return in Minnehaha County, SD Over the Last 10 Years
Over the past decade, Minnehaha County in South Dakota has experienced a notable rise in average real estate taxes per tax return, nearly doubling from $3,340.12 in 2012 to $6,745.50 in 2021. Such a significant increase might reflect changes in property values, local government spending, or shifts in tax policy. This upward trend could be a crucial factor for prospective investors, new residents, appraisers, insurance agents, builders, and real estate agents as it may influence decisions related to property investment and financial planning.
Percentage of Farm Returns in Minnehaha County, SD Over the Last 10 Years
In Minnehaha County, South Dakota, the percentage of farm returns has experienced a slight decline over the past decade, moving from 1.60% in 2012 to approximately 1.41% in 2021. The persistently modest decreases suggest a mild contraction in agricultural activity relative to other economic sectors in the county. For potential investors or individuals planning to settle in Minnehaha, understanding this trend might indicate a gradual shift in land use or a diversification of taxable income sources beyond traditional farming operations.
Number of Mortgages by Occupancy Type in Minnehaha County, SD Over the Last 5 Years in Minnehaha County
Minnehaha County, South Dakota has experienced fluctuations in mortgage counts over the past five years, with principal residence loans dominating the volume relative to investment and second residence properties. Shifts in occupancy type may signal broader economic trends or changes in population dynamics. For investors and real estate agents, the decreasing number of principal residence mortgages, particularly the sharp drop in 2022, could imply shifts in market demand or lending conditions. Insurance agents may find this useful for assessing regional risk, while appraisers might see these trends affecting property values. Prospective homeowners and builders need to consider these dynamics to make informed decisions in this county's evolving real estate landscape.
Economic Outlook
Minnehaha County, South Dakota exhibits a notable upward trajectory in average taxable income per tax return, reaching about $96,480.68 in 2021, hinting at solid economic stability and prosperity. This trend, along with significant increases in state and local income taxes per tax return, especially between 2019 and 2021, might influence investor and developer decisions due to the perceived economic growth. The average total tax liability per tax return also rose steadily, peaking at around... Read more
Average Taxable Income per Tax Return in Minnehaha County, SD over the last 9 years
Minnehaha County, South Dakota has seen a consistent upward trend in average taxable income per tax return over the past nine years, peaking in 2021 at approximately $96,480.68. This indicates a growing economic stability and prosperity, which may attract potential investors and new residents. Real estate agents and property developers might find these trends promising for future market values and client interest. Insurance agents and appraisers can factor in these figures for more accurate assessments.
Average State and Local Income Taxes Per Tax Return in Minnehaha County, SD Over the Last 10 Years
Minnehaha County, South Dakota has experienced significant variability in state and local income taxes per tax return over the last decade, rising sharply from $8,649.40 in 2012 to $26,211.39 by 2021. Notably, there's been a consistent upward trend since 2017, culminating in a dramatic increase between 2019 and 2021. These fluctuations and recent spikes can potentially impact decisions for investors, property developers, and real estate agents, influencing the broader economic landscape and fiscal planning in the county.
Average Total Tax Liability Per Tax Return in Minnehaha County, SD Over the Last 10 Years
Over the past decade, Minnehaha County in South Dakota has seen significant fluctuations in average total tax liability per tax return. Starting at around $10,169.77 in 2012, the average liability rose consistently each year, peaking sharply in 2021 at approximately $16,645.61. Notably, there was a small dip in 2017 down to about $12,093.82, but the upward trend resumed. These changes suggest economic growth and potentially higher income levels, making the region intriguing for investors, developers, and real estate professionals looking to tap into a seemingly prosperous market.
Cost of Living in Minnehaha County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,206 | $1,576 | $1,972 | $1,453 | $980 |
| 1 adult 4 children | $1,206 | $1,287 | $1,517 | $1,453 | $1,086 |
| 2 adults 3 children | $1,206 | $1,288 | $1,707 | $1,453 | $789 |
| 1 adult 3 children | $1,206 | $1,051 | $1,252 | $1,453 | $837 |
| 2 adults 2 children | $899 | $1,054 | $1,441 | $1,261 | $653 |
| 1 adult 2 children | $899 | $787 | $986 | $1,261 | $603 |
| 2 adults 1 child | $899 | $833 | $1,176 | $639 | $611 |
| 1 adult 1 child | $899 | $538 | $721 | $639 | $499 |
| 2 adults | $751 | $669 | $910 | $0 | $528 |
| 1 adult | $672 | $365 | $455 | $0 | $440 |
Safety trends & Data
Minnehaha County in South Dakota has experienced significant shifts in property crime trends over the past five years. Notably, larceny-theft incidents dropped from 1,172 in 2018 to 298 in 2021, before ticking up again in 2022. Motor vehicle thefts peaked at 200 incidents in 2020, while embezzlement and arson incidents stayed low but steady. Variable trends in vandalism and burglary highlight fluctuating risk factors, which could influence investment decisions, insurance rates, and real estate... Read more
Property Crime Trends in Minnehaha County, SD Over the Last 5 Years
Minnehaha County, South Dakota, shows varied trends in property crime over the past five years. Larceny-theft, consistently the most common crime, saw a notable drop from a high of 1,172 incidents in 2018 to just 298 incidents in 2021, before a slight increase in 2022. Motor vehicle theft has fluctuated, peaking at 200 incidents in 2020. Embezzlement and arson remained relatively low but stable. Interestingly, vandalism and burglary, while lower than larceny-theft, have also shown inconsistent patterns, indicating fluctuating risk factors for property owners. These trends may inform investment decisions, insurance rates, and real estate values in the county.
Demographics
Minnehaha County, South Dakota, shows a fairly balanced gender distribution with notable contrasts in educational attainment; a substantial portion of the population completed high school or obtained some college education, while fewer pursued advanced degrees. The age distribution hints at a significant younger population, particularly those under 10 years and between 25 to 34 years, which might influence local services and amenities. The racial composition remains predominantly White, with... Read more
Race Distribution in Minnehaha County, South Dakota (2022)
Educational Attainment in Minnehaha County, South Dakota (2022)
Age Distribution in Minnehaha County, South Dakota
Citizen Population in Minnehaha County, South Dakota (2022)
Political Trends & Data
In Minnehaha County, South Dakota, the 2020 presidential election showed Republicans slightly leading with over 53% of the votes, while Democrats trailed at nearly 44%. Libertarians garnered just over 2%, hinting at minimal but notable third-party interest. This county seems to have a predominantly Republican inclination, although the significant Democratic turnout points to an area with a mix of political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Minnehaha County, South Dakota, the 2020 presidential election saw Republicans slightly ahead with just over 53% of the vote, while Democrats were not far behind at nearly 44%. Libertarians made a small impact, capturing a bit more than 2% of the vote. This suggests a predominantly Republican-leaning area, yet the relatively strong Democratic presence indicates some level of political diversity.
53.34% of voters voted for the Republican party in the 2020 Presidential Election
43.85% of voters voted for the Democrat party in the 2020 Presidential Election
2.81% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Minnehaha County, South Dakota has experienced fluctuating student-to-teacher ratios, ranging from 13 to nearly 18 students per teacher over the past decade. The ratio has exceeded the national average in several recent years, peaking near 18 by 2023. This trend may indicate resource allocation challenges or a student influx, potentially impacting class sizes and education quality. For investors, this might suggest growing demand for educational infrastructure, providing insights for real... Read more
Student-to-teacher ratio in Minnehaha County, South Dakota over the last 10 years
Minnehaha County, South Dakota has seen fluctuations in its student-to-teacher ratio over the past decade, with values ranging from 13 to nearly 18 students per teacher. Notably, the ratio has exceeded the national average of 14 students per teacher in several recent years, with a sharp increase to almost 18 by 2023. This trend could suggest challenges in resource allocation or an influx of students, impacting class sizes and potentially the quality of education. For investors or those considering a move, the rising ratio might imply growing demand for educational infrastructure. Real estate agents, appraisers, and insurance agents could find this data relevant when assessing the area's developmental trajectory and community needs.
