Potter County Real Estate and Livability Trends

Potter County, South Dakota, saw a significant rise in median home values from $75,400 in 2015 to $129,800 in 2022, still below the state and national averages, suggesting potential opportunities for investors seeking undervalued properties. Average real estate taxes have increased over the years, from $2,350.00 in 2012 to $3,400.00 in 2020, with notable fluctuations impacting budget planning.... There's been a shift in the agricultural landscape with farm returns dropping from 23.02% in 2012 to 19.64% in 2021, possibly reflecting broader economic changes. Residential energy tax credits have varied, indicating trends towards sustainable living. The market is primarily driven by owner-occupied mortgages, with limited investment property activity, suggesting a stable environment for long-term residents. Read more

Over the last nine years, Potter County, South Dakota's average taxable income per tax return has spiked from $63,535.94 in 2013 to $94,867.86 in 2021, hinting at economic growth or demographic shifts that could attract investors and home buyers. Meanwhile, average total tax liability per tax return has varied notably, from a high of $14,958.16 in 2012 to a low of $10,640.21 in 2017, rebounding to $17,144.68 by 2021. These trends could suggest evolving local economic conditions and tax... policies, crucial for anyone eyeing the real estate market here. Read more

Potter County, South Dakota has experienced fluctuating property crime trends with notable incidents being relatively infrequent. The most significant event occurred in 2018 with six fraud cases. Other property crimes, like motor vehicle theft, vandalism, and burglary, were rare, each reported only once in 2019 and 2020. In 2021, a rare incident of forgery and counterfeiting was reported. This generally low crime rate may enhance investor and resident confidence, potentially making the county... more attractive for real estate development. Read more

Potter County, South Dakota, has a near-equal distribution of male and female adults, with females slightly outnumbering males. The population demonstrates a broad range of educational attainment, though the majority have finished high school or have some college experience. The age distribution skews slightly older, with a notable proportion of residents aged 55 and above, which could imply an aging population or a migration of younger cohorts. Racial diversity is limited, with White residents... making up the overwhelming majority. These trends can impact local policies, community services, and economic strategies tailored to an older, predominantly White population with varied educational backgrounds. Read more

Potter County, South Dakota, leaned heavily Republican in the 2020 U.S. Presidential Election, with around 82.5% of the vote. Democrats received about 16.4%, while Libertarians had a minimal presence at roughly 1%. The lack of votes for the Green party and others suggests limited political diversity among voters here, offering a glimpse into the county's sociopolitical dynamics and... priorities. Read more

In Potter County, South Dakota, the student-to-teacher ratio has consistently remained below the national average of 14 students per teacher over the past decade, fluctuating between 8 and 11. This trend suggests smaller class sizes and potentially more individualized attention for students, indicating a community investing in quality education—a factor that could be attractive to families. Investors, appraisers, and real estate agents might find such educational quality appealing for... potential buyers, while insurance agents could see unique risk factors and needs in this context. Read more