Stanley County Real Estate and Livability Trends
In Stanley County, South Dakota, the average taxable income per tax return rose from $60,757.41 in 2013 to $92,754.27 in 2021, indicating potential increased demand for properties. Median home values varied from $124,100 in 2015 to $170,400 in 2022, trailing behind state and national growth. Real estate taxes surged around $7,820.00 by 2020, reflecting rising property values. Notable for... Read more
Stanley County Market Trends
In Stanley County, South Dakota, median home values have varied significantly, hovering between $124,100 in 2015 and $170,400 in 2022, trailing behind both state and national growth rates. Residential energy tax credits have been increasing, reflecting growing investments in energy efficiency, with average credits rising from $225.00 in 2013 to $266.67 by 2016. Real estate taxes per return have... Read more
Median Value of Occupied Housing Units in Stanley County, South Dakota Over the Last 8 Years
Median home values in Stanley County, South Dakota have shown a dynamic trajectory over the past eight years, with fluctuations from $124,100 in 2015 to $170,400 in 2022. Comparing this to state and national trends, Stanley County's values appear to be less stable but have generally lagged behind the growth seen statewide, where values rose from $140,500 to $219,500. Nationally, values increased from $125,500 to $179,400, indicating that Stanley County may still present more affordable opportunities. These trends might attract investors looking for properties with potential appreciation or entice new residents seeking lower initial costs.
Residential Energy Tax Credit Per Tax Return in Stanley County, SD Over the Last 3 Years
In Stanley County, South Dakota, the average residential energy tax credit per tax return has shown a notable upward trend over the last few years. In 2013, the average credit was $225.00, rising to $233.33 in 2015, and continuing its increase to $266.67 by 2016. This growth may suggest enhanced incentives for energy-efficient home improvements and could be a sign of increasing homeowner investments in sustainable energy solutions. This trend might be of interest to potential investors, homeowners, real estate agents, and insurance agents looking to capitalize on energy efficiency advancements and the corresponding financial benefits in this region.
Average Real Estate Taxes Per Tax Return in Stanley County, SD Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Stanley County, South Dakota, have experienced a notable upward trend. Starting at approximately $3,514.29 in 2012, there's been a significant increase, with figures peaking at around $7,820.00 in 2020 before a slight dip to about $7,560.00 in 2021. This steady rise, particularly sharp between 2014 and 2019, reflects underlying factors likely tied to property value appreciation and regional economic growth, making Stanley County a revealing case for real estate investors and professionals analyzing tax impacts on property ownership. The data suggests a long-term growth pattern in tax liabilities, which could influence future investment and valuation decisions.
Percentage of Farm Returns in Stanley County, SD Over the Last 10 Years
Over the last decade, Stanley County, South Dakota has shown some fluctuations in the percentage of farm returns. Starting at around 14.2% in 2012 and 2013, there was a slight decline to 13.1% in the mid-2010s. Despite a small recovery in 2017 and 2019 when the rates edged closer to 14.1%, the percentage dropped again to 12.5% in 2020 before rising slightly to 13.3% in 2021. These farm return rates, potentially reflecting the economic viability and sustainability of farming within the county, highlight trends that may be crucial for investors and property developers evaluating the region's agricultural sector.
Number of Mortgages by Occupancy Type in Stanley County, SD Over the Last 5 Years in Stanley County
Recent trends in Stanley County, South Dakota, show volatile shifts in mortgage types over the past five years. While principal residences consistently dominate, peaking at 223 mortgages in 2020, there are slight fluctuations in investment and second residence properties. Notably, investment property mortgages saw a decrease from 8 in 2018 to 4 in recent years, which could signal changing investment strategies or local economic conditions. For investors, understanding these occupancy dynamics is key for gauging risk and opportunity, while potential homebuyers and real estate agents might see these trends as indicative of market demand and housing availability. Mortgage counts provide invaluable insights into market health, influencing appraisals and insurance assessments alike.
Economic Outlook
In Stanley County, South Dakota, the average taxable income per tax return has seen a steady rise, from around $60,757.41 in 2013 to roughly $92,754.27 in 2021. This suggests increasing economic prosperity and could signal heightened demand for properties. The fluctuating tax liabilities, peaking at $14,548.84 in 2015 and $16,382.61 in 2021, reflect broader economic shifts, potentially impacting property values and investment prospects. Real estate agents, investors, appraisers, and insurance... Read more
Average Taxable Income per Tax Return in Stanley County, SD over the last 9 years
Over the past nine years in Stanley County, South Dakota, the average taxable income per tax return has shown a fluctuating but generally upward trend. Starting at around $60,757.41 in 2013 and reaching approximately $92,754.27 in 2021, these numbers indicate significant economic growth. This jump, especially notable in 2021, might be of interest to potential investors and real estate agents, as it suggests increasing prosperity, which could elevate demand for properties. Appraisers and insurance agents may also find this data useful for risk assessment and property valuation adjustments, considering the rising income levels.
Average Total Tax Liability Per Tax Return in Stanley County, SD Over the Last 10 Years
Over the last ten years, Stanley County, South Dakota, has exhibited fluctuating average total tax liabilities per tax return, with notable peaks in 2015 at $14,548.84 and more recently in 2021 at $16,382.61. Significant dips were observed in 2013 and 2018 when the liabilities fell to $10,507.20 and $10,585.95, respectively. These trends might be indicative of broader economic changes affecting the county, such as shifts in property values or income levels, which are essential considerations for potential investors, property developers, and real estate agents. For appraisers and insurance agents, understanding these fluctuations can assist in better estimating and managing risks associated with property valuations and insurance premiums.
Cost of Living in Stanley County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,292 | $1,472 | $2,395 | $1,013 | $1,043 |
| 1 adult 4 children | $1,292 | $1,202 | $1,835 | $1,013 | $1,143 |
| 2 adults 3 children | $1,292 | $1,202 | $2,076 | $1,013 | $838 |
| 1 adult 3 children | $1,292 | $982 | $1,516 | $1,013 | $897 |
| 2 adults 2 children | $968 | $984 | $1,757 | $878 | $701 |
| 1 adult 2 children | $968 | $735 | $1,197 | $878 | $644 |
| 2 adults 1 child | $968 | $778 | $1,438 | $439 | $684 |
| 1 adult 1 child | $968 | $502 | $878 | $439 | $554 |
| 2 adults | $735 | $625 | $1,119 | $0 | $603 |
| 1 adult | $673 | $341 | $560 | $0 | $485 |
Safety trends & Data
In Stanley County, South Dakota, there's been a moderate increase in instances of larceny-theft, from 1 in 2019 to 2 in 2021, with other property crimes like motor vehicle theft and forgery sporadically appearing. While the numbers are still relatively low, this varied crime activity may influence real estate and investment decisions since potential buyers often weigh such... Read more
Property Crime Trends in Stanley County, SD Over the Last 3 Years
Over the last three years, Stanley County, South Dakota has witnessed a relatively low incidence of property crimes. Notably, larceny-theft incidents seem to be the most frequent, increasing from 1 in 2019 to 2 in 2021. Incidents of motor vehicle theft and forgery/counterfeiting also appear sporadically but remain isolated. Although the numbers are small, the data could suggest sporadic but varied property crime activity in the area, potentially impacting real estate and investment decisions due to risk factors.
Demographics
Stanley County, South Dakota shows a higher male population compared to females. Education levels indicate a majority of adults have at least a high school diploma, though only around 20% hold a bachelor's or higher degree, suggesting room for educational growth. The age distribution leans toward middle-aged adults with smaller proportions in younger and older brackets, indicating a stable working-age population which may be good for local businesses. The racial composition is predominantly... Read more
Race Distribution in Stanley County, South Dakota (2022)
Educational Attainment in Stanley County, South Dakota (2022)
Age Distribution in Stanley County, South Dakota
Citizen Population in Stanley County, South Dakota (2022)
Political Trends & Data
Stanley County, South Dakota, exhibits a strong Republican inclination, as suggested by the 2020 U.S. Presidential Election results where Republicans garnered around 73% of the votes. Democrats managed approximately 25%, while Libertarians captured a modest 2%. This political landscape could potentially influence local real estate trends, where the market may lean towards demographics and policies favoring Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Stanley County, South Dakota, the 2020 U.S. Presidential Election likely saw a substantial lean towards the Republican party, which garnered around 73% of the votes. Democrats followed but with significantly fewer votes, capturing approximately 25%. Libertarians trailed with about 2%, and there were no significant votes recorded for Green or other parties. This distribution suggests a strong Republican presence in the region, with lesser support for other political factions.
72.82% of voters voted for the Republican party in the 2020 Presidential Election
25.48% of voters voted for the Democrat party in the 2020 Presidential Election
1.69% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Stanley County, South Dakota has seen its student-to-teacher ratio fluctuate between 10 and 13 students per teacher over the past decade, peaking at 13 in 2018. Typically closer to 11, this smaller class size compared to the national average of 14 students per teacher could be appealing for families seeking personalized education. Such reduced ratios may also positively impact property values, suggesting potential higher demand in areas with strong, personalized school systems. This trend... Read more
Student-to-teacher ratio in Stanley County, South Dakota over the last 10 years
Stanley County, South Dakota has seen fluctuations in its student-to-teacher ratio over the past decade, with numbers typically ranging from 10 to 13 students per teacher. Notably, the ratio peaked at 13 in 2018, but generally stayed closer to 11. This indicates smaller class sizes compared to the national average of 14 students per teacher, which could be attractive for families valuing personalized education and may impact property values positively for potential investors and real estate agents. Smaller ratios can also be a consideration for insurance agents assessing risk, as well as for those planning to build property, indicating potentially higher demand in areas with strong, personalized school systems.
