Oglala Lakota County Real Estate and Livability Trends
Oglala Lakota County, South Dakota has seen its median home values rise from $20,400 in 2015 to $46,700 in 2022, still trailing far behind state and national averages. This disparity could signal potential investment opportunities due to lower entry points. However, a dramatic decrease in principal residence mortgages and a virtually non-existent investment property market suggest shifts in... Read more
Oglala Lakota County Market Trends
Oglala Lakota County, South Dakota, has seen its median home values rise from $20,400 in 2015 to $46,700 in 2022, still trailing far behind the state and national figures of $219,500 and $179,400, respectively. This disparity could signal potential investment opportunities thanks to lower entry points. The county’s stable farm tax returns, oscillating between 3.21% and 3.77%, suggest a... Read more
Median Value of Occupied Housing Units in Oglala Lakota County, South Dakota Over the Last 8 Years
Over the past eight years, median home values in Oglala Lakota County, South Dakota have seen significant fluctuations, rising from $20,400.00 in 2015 to $46,700.00 in 2022. While these values have increased, they remain considerably lower than both the state and national medians. By comparison, South Dakota's median home value in 2022 reached $219,500.00, and the national median hit $179,400.00. This disparity highlights potential investment opportunities in Oglala Lakota County, where property prices might offer more accessible entry points relative to the broader market trends.
Percentage of Farm Returns in Oglala County, SD Over the Last 8 Years
Oglala County, South Dakota has experienced relatively stable farm tax returns, ranging from approximately 3.21% to 3.77% over the last eight years. These figures give potential investors and residents a glimpse into the agricultural landscape's consistency, which might indicate a stable economic foundation. Farm tax returns reflect the profitability and fiscal health of agricultural activity in the area, offering a crucial metric for understanding local economic conditions.
Number of Mortgages by Occupancy Type in Oglala Lakota County, SD Over the Last 5 Years in Oglala Lakota County
Over the last five years, Oglala Lakota County, South Dakota has seen a noticeable decline in the number of mortgages for principal residences, dropping from 17 in 2019 to just 4 in 2021. In contrast, the investment property market remains virtually non-existent. Changes in occupancy type can be quite meaningful; a decrease in owner-occupied properties might point to shifts in community stability, potential declines in population, or other socioeconomic factors. This data could inform investment strategies, risk assessments, and development opportunities for real estate professionals, investors, and insurance agents alike, especially if the trend continues. This insight implies varying demand and risk levels, guiding smarter decision-making for those interested in the county's real estate landscape.
Economic Outlook
Oglala County, South Dakota has experienced gradual increases in average taxable income per tax return, climbing from $29,536.87 in 2017 to $36,635.31 in 2021, potentially signaling economic growth or shifts in the financial landscape. The average total tax liability per tax return has fluctuated, ranging from $3,586.49 in 2018 to $4,292.09 in 2021, possibly reflecting changing economic conditions and policies. For investors and real estate agents, these trends might hint at improving local... Read more
Average Taxable Income per Tax Return in Oglala County, SD over the last 8 years
Over the past eight years, Oglala County, South Dakota has experienced gradual increases in average taxable income per tax return. After initial dips in 2014 to 2017, the figures generally climbed from $29,536.87 in 2017 to a notable rise in 2021, reaching $36,635.31, possibly indicating economic growth or changes in the local financial landscape. For investors, real estate agents, and potential movers, this could suggest improving economic conditions and perhaps a more robust local economy.
Average Total Tax Liability Per Tax Return in Oglala County, SD Over the Last 8 Years
Oglala County, South Dakota, has seen fluctuations in average total tax liability per tax return over the past eight years, with values ranging from a low of $3,586.49 in 2018 to a peak of $4,292.09 in 2021. This trend could suggest varying economic conditions and policy changes affecting residents' financial obligations. Investors, real estate agents, and others interested in the area might find these dynamics indicative of shifting economic health and potential impacts on housing market stability and property values in the future.
Cost of Living in Oglala Lakota County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,083 | $1,568 | $2,749 | $1,019 | $1,087 |
| 1 adult 4 children | $1,083 | $1,281 | $2,109 | $1,019 | $1,163 |
| 2 adults 3 children | $1,083 | $1,281 | $2,382 | $1,019 | $861 |
| 1 adult 3 children | $1,083 | $1,046 | $1,742 | $1,019 | $894 |
| 2 adults 2 children | $826 | $1,049 | $2,015 | $883 | $724 |
| 1 adult 2 children | $826 | $783 | $1,375 | $883 | $648 |
| 2 adults 1 child | $826 | $829 | $1,648 | $442 | $692 |
| 1 adult 1 child | $826 | $535 | $1,007 | $442 | $531 |
| 2 adults | $628 | $666 | $1,281 | $0 | $597 |
| 1 adult | $575 | $363 | $640 | $0 | $478 |
Safety trends & Data
In Oglala Lakota County, South Dakota, property crime trends have shown notable fluctuations, with significant increases in larceny-theft and burglary over the past five years. Larceny-theft incidents doubled from 11 in 2018 to 24 in 2022, while burglary cases rose from 3 to 14 over the same period. These patterns suggest shifting security dynamics that investors, developers, and residents should consider when assessing the area's real estate... Read more
Property Crime Trends in Oglala Lakota County, SD Over the Last 5 Years
Over the past five years in Oglala Lakota County, South Dakota, property crime trends have fluctuated, with spikes in specific areas like arson, burglary, and larceny-theft. Notably, there was a sharp increase in larceny-theft incidents, rising from 11 cases in 2018 to 24 cases in 2022. Burglary also shows an upward trend, peaking at 14 cases in 2022, compared to just 3 cases in 2018. Motor vehicle thefts remained relatively consistent, hovering around 8-12 cases per year. These trends offer valuable insights for investors, developers, real estate agents, and residents about the evolving security landscape in the area.
Demographics
Oglala Lakota County, South Dakota, presents intriguing demographic patterns, especially in terms of its racial makeup and educational attainment. The population is predominantly American Indian and Alaska Native, with over 12,800 individuals identifying as such, while other racial groups are scarcely present. The education level hints at a community focusing more on foundational learning, as a significant portion of residents have attained a high school diploma but fewer hold degrees beyond... Read more
Race Distribution in Oglala Lakota County, South Dakota (2022)
Educational Attainment in Oglala Lakota County, South Dakota (2022)
Age Distribution in Oglala Lakota County, South Dakota
Citizen Population in Oglala Lakota County, South Dakota (2022)
School Data
Oglala Lakota County, South Dakota, has experienced significant shifts in its student-to-teacher ratio, fluctuating from 34 in 2016 to 13 in 2018 and 2017, with a more stable range of 15 to 17 in recent years. Considering the US national average hovers around 14, these variations might influence family relocation decisions and affect real estate desirability. These educational trends could also subtly impact appraisers' and insurance agents' risk evaluations and property valuations,... Read more
Student-to-teacher ratio in Oglala Lakota County, South Dakota over the last 8 years
Oglala Lakota County, South Dakota, has seen notable fluctuations in its student-to-teacher ratio over the past eight years, ranging from a high of 34 students per teacher in 2016 to a low of 13 in 2018 and 2017. Post-2018, the ratio has generally hovered around 15 to 17 students per teacher. Given the current US national average of 14 students per teacher, these variations may impact the quality of education, potentially influencing decisions by families considering a move to the area, as well as investors and real estate agents assessing the area's desirability. For insurance agents and appraisers, these figures could subtly affect risk evaluations and property valuations, particularly if education quality is a significant factor for clients.
