Sanborn County Real Estate and Livability Trends
Sanborn County, South Dakota, shows a dynamic real estate scene with median home values climbing from $75,800 in 2015 to $128,800 in 2022, suggesting appealing prospects for investors. Economic resilience is visible in the fluctuating average taxable income, peaking at $53,452.68 in 2020, and the stabilization of tax liabilities around $7,615.12 in 2021. Farm tax returns highlighted shifts in... Read more
Sanborn County Market Trends
Sanborn County, South Dakota's median home values surged from $75,800 in 2015 to $128,800 in 2022, outpacing both state and national growth rates, hinting at a potentially lucrative investment opportunity. Real estate taxes per tax return have fluctuated, with a notable spike to $2,366.67 in 2014, suggesting changing economic conditions or property values that could impact investor decisions. The... Read more
Median Value of Occupied Housing Units in Sanborn County, South Dakota Over the Last 8 Years
Sanborn County, South Dakota's median home values have dramatically increased from $75,800 in 2015 to $128,800 in 2022, outpacing both the state and national growth rates. While South Dakota saw growth from $140,500 to $219,500 and the national figures rose from $125,500 to $179,400, the sharper rise in Sanborn County highlights the area's potential as an attractive investment opportunity. This trend could signal increased demand or significant development interest within the county.
Average Real Estate Taxes Per Tax Return in Sanborn County, SD Over the Last 6 Years
Sanborn County, South Dakota has seen notable fluctuations in real estate taxes per tax return over the past six years. Tax amounts fell from $1,660.00 in 2012 to $1,575.00 in 2013, but spiked significantly to $2,366.67 in 2014. Despite a subsequent decline to $2,150.00 in 2017, the overall trend points to a general increase. These shifting tax figures may affect decisions for potential investors or residents, as they could indicate changing economic conditions or property values in the area. Such data can be crucial for real estate agents, appraisers, insurance agents, developers, and anyone with a vested interest in Sanborn County's property market.
Percentage of Farm Returns in Sanborn County, SD Over the Last 10 Years
Sanborn County, South Dakota has seen some fluctuations in the percentage of farm tax returns over the past decade. Starting at around 30% in 2012, the percentage experienced a slight increase, peaking at approximately 32.43% in 2016. However, there was a noticeable dip to about 26.61% in 2019 before recovering slightly to around 28.74% in 2021. This data might reflect varying economic conditions, agricultural trends, and local policy impacts that are crucial for prospective investors, residents, or developers interested in the agricultural viability and economic health of the area. Farm tax returns usually denote the number of tax filings that identify as agricultural enterprises, giving insights into local farming activities—essential for understanding community reliance on agriculture, investment opportunities, and potential economic growth stemming from this sector.
Number of Mortgages by Occupancy Type in Sanborn County, SD Over the Last 5 Years in Sanborn County
Sanborn County, South Dakota has seen varied mortgage counts over the last five years across different occupancy types. The dominant category is consistently principal residences, peaking in 2021 with 57 mortgages but showing a notable drop to 29 in 2022. Investment property mortgages showed a slight increase in the same period, from 1 in 2018 and 2020 to 4 in 2022. Second residences remain low and relatively unchanged. Shifts in the type of property being financed can give investors insight into market demand and potential returns. For potential homebuyers or those looking to build, a higher number of principal residence mortgages might suggest a stable, community-focused area. Insurers and appraisers may find these trends helpful for risk assessment and valuation purposes, while real estate agents can use this data to tailor their strategies and better understand market needs.
Economic Outlook
Sanborn County, South Dakota is experiencing notable fluctuations in average taxable income and tax liability per tax return over the past decade. Peaks in taxable income, such as $53,452.68 in 2020, highlight economic resilience despite dips in years like 2016 and 2019. Average total tax liability shows similar variability, peaking at $9,115.66 in 2017 but stabilizing around $7,615.12 in 2021. These trends could offer valuable insights for investors and real estate professionals assessing the... Read more
Average Taxable Income per Tax Return in Sanborn County, SD over the last 9 years
In Sanborn County, South Dakota, there's been fluctuation in average taxable income per tax return over the past nine years. Notable peaks occurred in 2014 with $53,120.54, 2020 with $53,452.68, and 2021 with $53,005.41. Despite some dips, such as in 2016 and 2019 with approximately $46,375.68 and $46,041.94 respectively, the general trend appears to suggest a resilience in the local economy. This could be appealing for potential investors or those looking to assess the financial stability and growth potential of the county.
Average Total Tax Liability Per Tax Return in Sanborn County, SD Over the Last 10 Years
Sanborn County, South Dakota has seen notable fluctuations in average total tax liability per tax return over the last decade, with figures ranging from a low of $6,869.51 in 2016 to a peak of $9,115.66 in 2017. Recent years show a moderate increase, reaching $8,097.47 in 2020 and then dipping slightly to $7,615.12 in 2021. Such variability in tax liabilities could be significant for investors, property developers, real estate agents, and other stakeholders who benefit from understanding fiscal trends and planning accordingly.
Cost of Living in Sanborn County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,174 | $1,544 | $2,395 | $1,019 | $1,054 |
| 1 adult 4 children | $1,174 | $1,261 | $1,835 | $1,019 | $1,152 |
| 2 adults 3 children | $1,174 | $1,262 | $2,076 | $1,019 | $842 |
| 1 adult 3 children | $1,174 | $1,030 | $1,516 | $1,019 | $899 |
| 2 adults 2 children | $826 | $1,033 | $1,757 | $883 | $693 |
| 1 adult 2 children | $826 | $771 | $1,197 | $883 | $629 |
| 2 adults 1 child | $826 | $816 | $1,438 | $442 | $671 |
| 1 adult 1 child | $826 | $527 | $878 | $442 | $523 |
| 2 adults | $656 | $656 | $1,119 | $0 | $589 |
| 1 adult | $575 | $358 | $560 | $0 | $473 |
Safety trends & Data
Sanborn County, South Dakota, has experienced fluctuating property crime rates over the past few years. In 2018, there was a single fraud incident, which increased to 2.0 in 2019, alongside burglary incidents also rising to 2.0. Stolen property cases spiked to 4.0 in the same year, and by 2021, larceny-theft cases reached 3.0 instances. These trends could be crucial for assessing crime-related impacts on insurance premiums, property values, and real estate investment potential in the... Read more
Property Crime Trends in Sanborn County, SD Over the Last 3 Years
Sanborn County, South Dakota, has seen somewhat varied property crime figures over the past few years. In 2018, fraud incidents were recorded at 1.0 instance. Burglary and fraud incidents in 2019 jumped to 2.0 each, with a noticeable spike in stolen property cases at 4.0. By 2021, larceny-theft cases had reached 3.0 instances. Such trends might interest those involved in assessing the area's crime rates, as it could impact insurance premiums, property values, and potential investment opportunities.
Demographics
Sanborn County, South Dakota shows a balanced gender distribution with adult males and females almost equal in number. Educationally, the population leans heavily towards high school graduates, but there's also a significant fraction with some college or associate's degrees. The age spread suggests a substantial number of older adults, particularly those over 55, highlighting potential needs for senior services. Racially, the county is predominantly White, with very few residents identifying as... Read more
Race Distribution in Sanborn County, South Dakota (2022)
Educational Attainment in Sanborn County, South Dakota (2022)
Age Distribution in Sanborn County, South Dakota
Citizen Population in Sanborn County, South Dakota (2022)
Political Trends & Data
Sanborn County, South Dakota's real estate market could be influenced by its predominantly conservative leanings, reflected in the 2020 Presidential election, where around 76% of votes went to the Republican party. With only 22% voting for Democrats and negligible support for other parties, the area might attract buyers and investors who prefer regions with conservative values. This political landscape often correlates with lower property taxes and fewer regulatory restrictions, potentially... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sanborn County, South Dakota's voting patterns in the 2020 Presidential election showed a strong inclination towards the Republican party, perhaps reflecting the county's conservative leanings, with approximately 76% of votes cast for the GOP. Democrats, while significantly trailing, garnered around 22%, suggesting limited but noticeable support. The Libertarian presence was minimal at just under 2%, and the Green party and other minor parties didn't register any significant traction.
76.37% of voters voted for the Republican party in the 2020 Presidential Election
21.69% of voters voted for the Democrat party in the 2020 Presidential Election
1.94% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Sanborn County, South Dakota boasts a student-to-teacher ratio of nine to eleven, consistently lower than the national average of fourteen. For investors and property developers, this implies a favorable educational environment that could attract families considering relocation. Smaller class sizes may also be a positive indicator for appraisers and insurance agents, suggesting a strong community appeal and potentially higher property... Read more
Student-to-teacher ratio in Sanborn County, South Dakota over the last 10 years
Sanborn County, South Dakota has consistently seen a student-to-teacher ratio ranging between nine and eleven over the past ten years. This ratio is generally lower compared to the national average of fourteen, suggesting more individualized attention for students in this area. For prospective investors, property developers, and real estate agents, these smaller class sizes may indicate a favorable educational environment—potentially attractive for families considering relocation. Lower student-to-teacher ratios could also have implications for appraisors and insurance agents, reflecting positively on the county's quality of education and community appeal.
