Perkins County Real Estate and Livability Trends
Perkins County, South Dakota has seen notable real estate market fluctuations. The median home value surged from $65,100 in 2015 to $108,900 in 2022, hinting at potential economic improvement or rising demand. While still under the state's median of $219,500, this rapid growth could attract investors seeking affordable opportunities. However, unpredictability in real estate taxes, including a... Read more
Perkins County Market Trends
Perkins County, South Dakota has seen a significant bump in median home values, increasing from $65,100 in 2015 to $108,900 in 2022. Though still below the state's median of $219,500, this rapid growth could signal improving economic conditions or rising demand, making it an attractive option for investors and homebuyers looking for affordable opportunities with potential for appreciation. The... Read more
Median Value of Occupied Housing Units in Perkins County, South Dakota Over the Last 8 Years
Over the past 8 years, Perkins County, South Dakota has experienced significant growth in median home values, moving from $65,100 in 2015 to $108,900 in 2022. While still below the state's median value of $219,500 and the national median of $179,400 for the same year, the county's substantial rate of increase indicates a potentially compelling opportunity for investors and homebuyers seeking a more affordable entry point with room for appreciation. This sharp rise could suggest improving economic conditions or heightened demand in the area, making it a locality worth watching for future investment or relocation opportunities.
Average Real Estate Taxes Per Tax Return in Perkins County, SD Over the Last 6 Years
The average real estate taxes per tax return in Perkins County, South Dakota, have shown notable variability over the last six years. The sharp increase in 2014 to $2860.00 from $1971.43 in 2013 could suggest heightened property valuations or changes in tax rates, before stabilizing slightly in the subsequent years. Such fluctuations might concern potential investors and homeowners as they indicate potential unpredictability in future tax expenses. For appraisers and real estate agents, these patterns could affect property market valuations and client expectations. For insurance agents, it's worth considering how shifts in real estate taxes might correlate with claims and policy adjustments.
Percentage of Farm Returns in Perkins County, SD Over the Last 10 Years
Over the past decade, Perkins County, South Dakota has seen varied but generally increasing percentages of farm tax returns. Starting at 31.47% in 2012, the percentage peaked at 36.92% in 2018, reflecting potential growth or sustained agricultural activity. Farm tax returns, which document income from farming, indicate economic health and land productivity in the region. For investors and potential property buyers, this trend suggests a stable or growing agricultural sector, making Perkins County a potentially solid investment for agricultural endeavors or related developments.
Number of Mortgages by Occupancy Type in Perkins County, SD Over the Last 5 Years in Perkins County
Perkins County, South Dakota, has experienced a notable increase in mortgage counts for principal residences over the past five years, rising from 23 in 2018 to 31 in 2022. Investment properties and second residences have seen more modest increases, remaining in the low single digits. These shifts in occupancy types are essential for investors, appraisers, and real estate agents, as they hint at growing demand for primary living spaces, potentially boosting property values and influencing market dynamics. For those considering building or moving, understanding these trends can guide decisions on property investments and development opportunities. Additionally, insurance agents might see shifts in risk profiles as the prevalence of owner-occupied homes changes over time.
Economic Outlook
Perkins County, South Dakota has shown notable fluctuations in average taxable income per tax return, with peaks in 2014 ($54,200.00) and 2021 ($54,329.23), suggesting economic highs or changes in local industry. However, dips like in 2019 ($39,878.79) hint at economic challenges. Additionally, average total tax liability has fluctuated, with an uptick in 2014 at $8,340.74 followed by a decrease to $5,587.37 in 2019 and then a rise to $7,347.52 in 2021. These dynamics suggest a variable local... Read more
Average Taxable Income per Tax Return in Perkins County, SD over the last 9 years
Perkins County, South Dakota has experienced notable fluctuations in average taxable income per tax return over the past nine years. Peaks were observed in 2014 ($54,200.00) and 2021 ($54,329.23), indicating possible economic highs or changes in local industry. However, there were dips such as in 2019 ($39,878.79), suggesting periods of economic challenge. This variability in taxable income hints at a dynamic local economy, which might be attractive for opportunistic investors, while also suggesting a need for caution for those seeking stability.
Average Total Tax Liability Per Tax Return in Perkins County, SD Over the Last 10 Years
Over the past decade, Perkins County, South Dakota has seen fluctuations in average total tax liability per tax return, with a noticeable uptick in 2014 at $8,340.74 followed by a steady decrease to a low of $5,587.37 in 2019. More recently, a rise in 2021 brought the average to $7,347.52. This variability could indicate shifts in economic conditions or changes in tax policies, potentially impacting investment decisions and property valuations in the region. These trends might also be of interest to those considering moving to or doing business in Perkins County, as tax liabilities can affect overall cost of living and financial planning.
Cost of Living in Perkins County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,106 | $1,552 | $2,749 | $1,019 | $1,134 |
| 1 adult 4 children | $1,106 | $1,268 | $2,109 | $1,019 | $1,217 |
| 2 adults 3 children | $1,106 | $1,268 | $2,382 | $1,019 | $901 |
| 1 adult 3 children | $1,106 | $1,035 | $1,742 | $1,019 | $944 |
| 2 adults 2 children | $826 | $1,038 | $2,015 | $883 | $745 |
| 1 adult 2 children | $826 | $775 | $1,375 | $883 | $674 |
| 2 adults 1 child | $826 | $820 | $1,648 | $442 | $710 |
| 1 adult 1 child | $826 | $530 | $1,007 | $442 | $544 |
| 2 adults | $664 | $659 | $1,281 | $0 | $619 |
| 1 adult | $575 | $360 | $640 | $0 | $481 |
Demographics
In Perkins County, South Dakota, the adult population is slightly more male than female. Educational attainment is led by high school graduates, but there's a noticeable segment with some college education or an associate's degree. Age distribution shows a significant number of residents in older age groups, with a sizable portion over 65. The county's racial composition is predominantly White, with very few residents identifying as Black, Asian, or other races. These trends highlight a... Read more
Race Distribution in Perkins County, South Dakota (2022)
Educational Attainment in Perkins County, South Dakota (2022)
Age Distribution in Perkins County, South Dakota
Citizen Population in Perkins County, South Dakota (2022)
Political Trends & Data
Perkins County in South Dakota leaned notably Republican in the 2020 U.S. Presidential Election, with around 84% of votes favoring the Republican candidate, about 14% supporting the Democrat, and approximately 2% for the Libertarian party. This dominant Republican preference might indicate a long-standing political inclination in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Perkins County in South Dakota exhibited a strong lean toward Republican candidates in the 2020 U.S. Presidential Election, with approximately 84% of the votes going to the Republican party. Meanwhile, around 14% supported the Democratic candidate, and about 2% of the votes were cast for the Libertarian party. This significant skew towards Republican preferences could suggest a deeply rooted political alignment.
83.94% of voters voted for the Republican party in the 2020 Presidential Election
14.32% of voters voted for the Democrat party in the 2020 Presidential Election
1.74% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Perkins County, South Dakota, has seen its student-to-teacher ratio increase from 9 students per teacher in 2014 to approximately 11 in 2023. While still below the U.S. national average of 14 students per teacher, this trend may indicate shifting classroom dynamics and changing educational resources. These changes could be relevant for property appraisals and community desirability, making it valuable information for investors, real estate agents, and families considering a move to the... Read more
Student-to-teacher ratio in Perkins County, South Dakota over the last 10 years
Over the past decade, the student-to-teacher ratio in Perkins County, South Dakota, has shown a notable fluctuation, trending generally upward from 9 students per teacher in 2014 to about 11 in 2023. This shift could be significant for investors, real estate agents, and families considering moving to the area, as it suggests changing classroom dynamics and possibly evolving educational resources. While still lower than the US national average of 14 students per teacher, these changes might reflect broader demographic shifts or adjustments in school funding and staffing. Appraisers and insurance agents might find this data relevant when assessing property values and risk profiles, especially given how education quality can influence community desirability.
