Moody County Real Estate and Livability Trends
Moody County, South Dakota has experienced significant fluctuations in average taxable income, spiking to $77,540.88 in 2021, which might attract investors or new residents looking for economic improvement. Median home values have surged from $122,900 in 2015 to $194,000 in 2022, suggesting strong property appreciation. Real estate taxes have nearly doubled, reflecting higher property values and... Read more
Moody County Market Trends
Moody County, South Dakota has seen its median home values rise sharply from $122,900 in 2015 to $194,000 in 2022, outpacing state and national growth rates. This trend hints at the county's potential for strong property appreciation, making it attractive for investors and potential residents. Meanwhile, average residential energy tax credits per tax return have varied widely, suggesting... Read more
Median Value of Occupied Housing Units in Moody County, South Dakota Over the Last 8 Years
Moody County, South Dakota has seen some interesting trends in median home values over the past eight years. Starting at $122,900 in 2015, the market experienced a few fluctuations before hitting $194,000 in 2022. This represents a robust increase compared to both state and national levels; for instance, South Dakota's median home value rose from $140,500 to $219,500, while the U.S. overall saw a climb from $125,500 to $179,400. This steep rise in home values can make Moody County an appealing destination for investors looking for growth, or for those considering relocation to an area experiencing significant property appreciation.
Residential Energy Tax Credit Per Tax Return in Moody County, SD Over the Last 7 Years
The average residential energy tax credit per tax return in Moody County, South Dakota, has shown considerable fluctuation over the past seven years. In 2013, the average credit was notably high at $1242.86, but it dropped sharply to $300.00 in 2014 and continued to decline or stagnate in the subsequent years, hitting a low of $166.67 in 2020 before rebounding to $300.00 in 2021. This volatility might suggest varying levels of investment or adoption in residential energy improvements, and could be a point of interest for potential investors, builders, or real estate agents examining the county's commitment to renewable energy and sustainability initiatives. For appraisers and insurance agents, these trends may impact property valuations and risk assessments related to energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Moody County, SD Over the Last 10 Years
Over the past decade in Moody County, South Dakota, average real estate taxes per tax return have shown a notable upward trend, nearly doubling from $2,441.67 in 2012 to $4,180.00 in 2021. This steady increase is significant for potential investors and property builders, indicating rising property valuations and possibly a growing demand for real estate in the area. For insurance agents and appraisers, this trend suggests escalating property values, impacting insurance premiums and appraised values. Real estate agents and residents might be particularly interested in this data as it highlights the evolving economic landscape and the increasing cost of property ownership in Moody County.
Percentage of Farm Returns in Moody County, SD Over the Last 10 Years
Moody County, South Dakota, has shown fluctuating but mostly stable farm return percentages over the last decade, ranging from 14.60% to 16.39%. These farm tax return rates could indicate consistent agricultural activity in the region, potentially attracting investors or those looking to build property in rural areas. The steady nature of these returns might appeal to those prioritizing stability in their financial or real estate ventures. Investing in Moody County may offer a reasonably predictable agricultural economy, making it worth considering for individuals interested in the area's farming prospects.
Number of Mortgages by Occupancy Type in Moody County, SD Over the Last 5 Years in Moody County
In Moody County, South Dakota, the number of mortgages for principal residences has shown significant variability over the last five years, peaking at 294 in 2020 before declining to 201 in 2022. Investment properties and second residences consistently represent a smaller fraction of the market, although there's an observable fluctuation, particularly with investment properties that saw a high of 13 mortgages in 2020 but dropped to 7 by 2022. Changes in occupancy type can influence local real estate dynamics; for instance, a rise in principal residence mortgages might indicate a growing community, whereas fluctuations in investment property mortgages could reflect shifts in the area's investment attractiveness or economic conditions impacting property investors. Understanding these trends helps investors, appraisers, and real estate agents gauge the market health and guide their decisions accordingly.
Economic Outlook
Moody County, South Dakota has experienced significant fluctuations in average taxable income per tax return, with a recent spike to $77,540.88 in 2021. This trend might draw investors or new residents eyeing economic improvement. Combined with the notable variability in state and local income taxes, peaking at around $5,966.67 in 2014 and dropping to $3,300.00 in 2017, and a recent rise in total tax liability to $12,500.00 in 2021, these economic shifts could be key for property values and... Read more
Average Taxable Income per Tax Return in Moody County, SD over the last 9 years
Moody County, South Dakota has seen fluctuations in average taxable income per tax return over the past nine years, ranging from a low of $49,770.67 in 2017 to a significant uptick of $77,540.88 in 2021. The recent spike in 2021 could attract potential investors or new residents looking for signs of economic improvement. These trends could have varied impacts on property values, indicating possible rising demand in the real estate market. Appraisers and insurance agents might find it notable for adjusting their valuations and coverage plans accordingly.
Average State and Local Income Taxes Per Tax Return in Moody County, SD Over the Last 6 Years
In recent years, Moody County, South Dakota has experienced notable fluctuations in state and local income taxes per tax return. Peaking in 2014 at approximately $5,966.67, taxes saw a considerable drop by 2017 to around $3,300.00. This variability could be of interest to potential investors, property developers, and residents, indicating a changing financial landscape that may affect long-term financial planning and property values. Tax professionals and insurance agents might also find these trends useful when assessing risk and advising clients in the area.
Average Total Tax Liability Per Tax Return in Moody County, SD Over the Last 10 Years
In Moody County, South Dakota, there's been notable fluctuation in the average total tax liability per tax return over the last decade. From $8,905.58 in 2012, the figure climbed to $9,478.63 in 2014 before dipping to $7,803.03 in 2017. A significant spike occurred recently, with 2021 seeing an increase to $12,500.00. These shifts could indicate varying economic conditions or changes in tax policy, offering crucial insights for investors, real estate agents, and others planning to engage with the local market.
Cost of Living in Moody County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,135 | $1,544 | $2,449 | $1,019 | $1,049 |
| 1 adult 4 children | $1,135 | $1,261 | $1,877 | $1,019 | $1,140 |
| 2 adults 3 children | $1,135 | $1,262 | $2,123 | $1,019 | $836 |
| 1 adult 3 children | $1,135 | $1,030 | $1,551 | $1,019 | $884 |
| 2 adults 2 children | $826 | $1,033 | $1,797 | $883 | $698 |
| 1 adult 2 children | $826 | $771 | $1,225 | $883 | $629 |
| 2 adults 1 child | $826 | $816 | $1,470 | $442 | $673 |
| 1 adult 1 child | $826 | $527 | $898 | $442 | $522 |
| 2 adults | $656 | $656 | $1,144 | $0 | $590 |
| 1 adult | $575 | $358 | $572 | $0 | $470 |
Safety trends & Data
Property crime trends in Moody County, South Dakota over the past five years have shown notable fluctuations, impacting real estate dynamics. Vandalism incidents peaked at 20.0 in 2018 but dropped significantly in following years. Larceny-Theft saw a substantial decline from 14.0 in 2018 to just 3.0 by 2021. Meanwhile, fraud cases remained steady, and burglary rates eventually decreased to 2.0 by 2022 after an initial increase in 2019. These trends could influence property valuations and... Read more
Property Crime Trends in Moody County, SD Over the Last 5 Years
Property crime trends in Moody County, South Dakota over the past five years show fluctuations with notable spikes and drops. Vandalism peaked at 20.0 incidents in 2018 before dropping to lower levels in subsequent years. Larceny-Theft also saw a significant decrease from 14.0 in 2018 to just 3.0 by 2021. Fraud cases remain relatively steady, while burglary rates initially increased in 2019 but decreased to 2.0 by 2022. These dynamics suggest varying levels of risk and opportunity for real estate investors, appraisers, and insurance agents, with certain years exhibiting higher activity that could impact property valuations and insurance premiums.
Demographics
Moody County, South Dakota, presents an evenly split adult population between males and females, offering balanced gender representation. Education-wise, a significant proportion of residents have attained at least a high school diploma, with nearly a third having some college education or an associate's degree, suggesting a moderately educated workforce. The age distribution shows a relatively balanced spread across different age groups, with a noticeable peak in the 55 to 64 years bracket.... Read more
Race Distribution in Moody County, South Dakota (2022)
Educational Attainment in Moody County, South Dakota (2022)
Age Distribution in Moody County, South Dakota
Citizen Population in Moody County, South Dakota (2022)
Political Trends & Data
Moody County, South Dakota, showcases a predominantly conservative electorate, with around 61% likely leaning Republican in the 2020 U.S. Presidential Election. However, Democrats captured about 37% of the vote, indicating a notable but secondary presence. This political landscape might reflect on real estate trends, potentially favoring conservative-leaning buyers and influencing market stability and growth, driven by traditional... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Moody County, South Dakota, leaned significantly Republican in the 2020 U.S. Presidential Election, with around 61% of the vote likely going to the GOP. Democrats garnered approximately 37%, suggesting a notable but not dominant presence. The Libertarian Party managed nearly 2.4%, indicating minimal but non-negligible support, while the Green Party and other smaller entities had negligible or zero impact. This distribution of votes could imply a predominantly conservative electorate with slight pockets of libertarian leanings.
60.85% of voters voted for the Republican party in the 2020 Presidential Election
36.77% of voters voted for the Democrat party in the 2020 Presidential Election
2.37% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Moody County, South Dakota has seen its student-to-teacher ratio fluctuate between 12 to nearly 15 students per teacher over the past decade, generally staying below the national average of 14. This trend points to potentially more personalized attention in classrooms, which could be a draw for families prioritizing education quality. Real estate agents, investors, and appraisers might consider this when assessing property values, as lower student-to-teacher ratios could indicate a more... Read more
Student-to-teacher ratio in Moody County, South Dakota over the last 10 years
Over the last decade, the student-to-teacher ratio in Moody County, South Dakota has fluctuated, ranging from a low of around 12 students per teacher to a peak of nearly 15 students per teacher in 2018. This ratio consistently hovers around or below the national average of 14 students per teacher, indicating potentially more personalized attention for students in Moody County compared to other areas. For investors, real estate agents, and families considering moving to the area, this could suggest a potentially higher quality of education and more favorable learning environments. Appraisers and insurance agents might also see the lower ratios as a point of interest for evaluating property values and insurance risks tied to education-related factors.
