Sully County Real Estate and Livability Trends
Sully County, South Dakota's real estate market has shown notable volatility, with median home values jumping to $190,800 in 2022 from $130,800 in 2020, a contrast to more gradual statewide and national trends. Real estate taxes have also fluctuated, peaking at $4,014.29 in 2016 before hitting a low of $1,742.86 in 2012. Agricultural activity appears stable thanks to consistent farm tax returns,... Read more
Sully County Market Trends
Sully County, South Dakota has experienced significant real estate volatility, with median home values soaring to $190,800 in 2022 after dipping to $130,800 in 2020, contrasting with the more stable rises seen statewide and nationally. Real estate taxes also showed major fluctuations, peaking at $4,014.29 in 2016 from $1,742.86 in 2012. Stable farm tax returns suggest consistent agricultural... Read more
Median Value of Occupied Housing Units in Sully County, South Dakota Over the Last 8 Years
Sully County, South Dakota, has seen its median home values fluctuate over the past eight years, spiking to $190,800 in 2022 after a significant dip to $130,800 in 2020. This rapid increase contrasts with broader trends in South Dakota and the national market, where prices have steadily risen to $219,500 and $179,400, respectively. For those looking to invest in or build property in Sully County, this volatility may present both opportunities and risks. Comparing local trends to state and national data suggests potential for growth, but also underscores the need for careful market analysis.
Average Real Estate Taxes Per Tax Return in Sully County, SD Over the Last 6 Years
Average real estate taxes per tax return in Sully County, South Dakota, have shown significant fluctuations over the past six years. Starting at $1,742.86 in 2012, they spiked to $2,660.00 in 2013, with a brief decrease to $2,583.33 in 2014 and further to $2,462.50 in 2015. The most notable increase occurred in 2016, reaching $4,014.29, before slightly tapering off to $3,412.50 in 2017. This volatility could indicate an evolving tax landscape, critical for investors and property stakeholders to monitor for informed decision-making.
Percentage of Farm Returns in Sully County, SD Over the Last 10 Years
Farm tax returns in Sully County, South Dakota, typically reflect significant agricultural activity. Over the past decade, the percentage of farm returns has seen minor fluctuations, remaining fairly stable within the 20% to 25% range. The highest percentage was in 2014 at 25%, while the lowest was just over 20% in 2020. For those considering investing, moving, or building property in this region, this data could imply a consistent level of farming income and agricultural presence, potentially indicating reliable agri-business opportunities or stability in the local agriculture-driven economy.
Number of Mortgages by Occupancy Type in Sully County, SD Over the Last 5 Years in Sully County
Over the last five years in Sully County, South Dakota, data on mortgages shows a significant fluctuation in the number of principal residences, peaking in 2020 with 87 mortgages and remaining relatively stable for investment and second properties. The diversity in mortgage types indicates varying housing demands which could influence local property values, risk assessments for insurance agents, and investment strategies. For those looking to build or move to Sully County, this variation emphasizes the importance of understanding occupancy trends to anticipate market shifts. Real estate agents, appraisers, and investors should particularly note these dynamics when making decisions.
Economic Outlook
Sully County, South Dakota's average taxable income per tax return has seen notable volatility over recent years, with a sharp drop to $33,542.47 in 2016 and a significant rise to $97,050.65 by 2021. Similarly, the county's total tax liability per tax return has fluctuated, from a low near $13,055.17 in 2019 to approximately $20,782.81 in 2021. These trends may signal broader economic shifts or changes in the local job market, impacting property values and making it crucial for investors,... Read more
Average Taxable Income per Tax Return in Sully County, SD over the last 9 years
Sully County, South Dakota shows a fluctuating average taxable income per tax return over the last nine years, with significant dips and peaks, notably a sharp drop in 2016 to $33,542.47 followed by a substantial climb in recent years, hitting $97,050.65 in 2021. This volatility could signal economic shifts or changes in the local job market, making it important for potential investors, property developers, and real estate agents to closely monitor local economic indicators before making decisions. This income variance might influence appraisals and insurance assessments, suggesting a need for careful financial planning for those considering a move to the area.
Average Total Tax Liability Per Tax Return in Sully County, SD Over the Last 10 Years
Over the last decade, Sully County, South Dakota, has seen significant fluctuation in the average total tax liability per tax return, ranging from a low of approximately $13,055.17 in 2019 to a peak of around $20,782.81 in 2021. This volatility could reflect broader economic trends impacting local incomes and property values, making it a point of interest for investors, real estate agents, and property developers. Insurance agents and appraisers might also find these trends indicative of underlying shifts in the economic stability and risk profile of the county. Potential movers and residents may wish to consider these dynamics as part of their financial planning.
Cost of Living in Sully County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,113 | $1,472 | $2,395 | $1,019 | $1,077 |
| 1 adult 4 children | $1,113 | $1,202 | $1,835 | $1,019 | $1,157 |
| 2 adults 3 children | $1,113 | $1,202 | $2,076 | $1,019 | $844 |
| 1 adult 3 children | $1,113 | $982 | $1,516 | $1,019 | $906 |
| 2 adults 2 children | $834 | $984 | $1,757 | $883 | $715 |
| 1 adult 2 children | $834 | $735 | $1,197 | $883 | $661 |
| 2 adults 1 child | $834 | $778 | $1,438 | $442 | $692 |
| 1 adult 1 child | $834 | $502 | $878 | $442 | $558 |
| 2 adults | $634 | $625 | $1,119 | $0 | $613 |
| 1 adult | $580 | $341 | $560 | $0 | $485 |
Demographics
Sully County, South Dakota's adult population shows a noticeable gender gap, with males slightly outnumbering females. Educational attainment is skewed towards high school graduates, with notable percentages having some college education or an associate's degree, though a relatively small segment holds graduate or professional degrees. The age distribution indicates a significant proportion of residents are aged 55-64, highlighting an older demographic. The racial composition reveals a... Read more
Race Distribution in Sully County, South Dakota (2022)
Educational Attainment in Sully County, South Dakota (2022)
Age Distribution in Sully County, South Dakota
Citizen Population in Sully County, South Dakota (2022)
Political Trends & Data
In Sully County, South Dakota, the 2020 Presidential Election revealed a pronounced Republican preference, with nearly 78% of votes going to the GOP. Democrats garnered just under 20%, indicating a significant gap. The Libertarians saw minimal support at around 2%, with no recorded votes for the Green Party. This suggests a solid conservative base in the county and limited traction for third-party candidates, potentially shaping local and state policy... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Sully County, South Dakota, trends from the 2020 U.S. Presidential Election indicate a substantial Republican leaning, with nearly 78% of the votes cast for the GOP. Democrats captured just under 20%, highlighting a significant disparity between the two major parties. The Libertarian vote share was minimal at around 2%, and no votes were recorded for the Green Party. This pattern potentially reflects the county's broader political landscape, suggesting a strong conservative base with limited support for third-party candidates.
78.06% of voters voted for the Republican party in the 2020 Presidential Election
19.89% of voters voted for the Democrat party in the 2020 Presidential Election
2.04% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Sully County, South Dakota, the student-to-teacher ratio has been consistently below the national average of 14:1 over the past decade, dropping from 11:1 in 2014 to just 9:1 in recent years. This trend could suggest more personalized education for children, making the county attractive to families. It might also signal a robust local educational infrastructure, appealing to investors and real estate agents looking for marketable features. For teachers, this environment offers the chance to... Read more
Student-to-teacher ratio in Sully County, South Dakota over the last 10 years
Over the past ten years, Sully County, South Dakota, has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher. Starting at 11 in 2014, this ratio has steadily decreased, reaching its lowest at 9 in 2022 and maintaining a similar level in 2023. For families considering moving to Sully County, this trend could suggest a more personalized education experience for their children. Investors and real estate agents might view this as a positive indicator of the local educational infrastructure, which can be an attractive aspect for prospective buyers. Lower ratios can also appeal to teachers seeking job opportunities in environments where they can have a more significant impact on their students.
