Tripp County Real Estate and Livability Trends
In Tripp County, South Dakota, the median home values surged from $71,200 in 2015 to $128,100 in 2022, making the area an attractive option for cost-effective housing amidst rapid appreciation. Real estate taxes have seen significant fluctuations, peaking at $2,500.00 in 2021, highlighting changes in property values or assessment practices. Trends in mortgage counts by occupancy indicate a... Read more
Tripp County Market Trends
Tripp County, South Dakota's median home values have surged from $71,200 in 2015 to $128,100 in 2022, offering a more affordable option compared to the state and national medians. This could attract investors and residents seeking cost-effective housing amidst a rapidly appreciating market. The average residential energy tax credits have dropped from $320.00 in 2013 to $225.00 in 2016, possibly... Read more
Median Value of Occupied Housing Units in Tripp County, South Dakota Over the Last 8 Years
Tripp County, South Dakota has seen a significant upward trajectory in median home values over the past 8 years, with values increasing from $71,200 in 2015 to $128,100 in 2022. Although this growth is impressive, it's still below the state median, which has risen from $140,500 to $219,500 in the same period. Compared to the national median, which went from $125,500 to $179,400, Tripp County remains a more affordable option for potential homebuyers. This trend could attract investors and new residents looking for more cost-effective housing in a rapidly appreciating market.
Residential Energy Tax Credit Per Tax Return in Tripp County, SD Over the Last 4 Years
Tripp County, South Dakota has seen a gradual decrease in the average residential energy tax credit per tax return over the last four years. In 2013, the average credit was $320.00, but by 2016, it had declined to $225.00. This trend may suggest a reduction in either qualifying energy-efficient home improvements or changes in state energy policies affecting residents' eligibility. Such shifts could potentially impact everything from home appraisals and marketability to future investments in energy-efficient renovations. For prospective homeowners, real estate agents, or financial planners, understanding these trends is essential for anticipating future costs and benefits related to residential energy savings in the area.
Average Real Estate Taxes Per Tax Return in Tripp County, SD Over the Last 10 Years
Over the last decade, Tripp County, South Dakota has experienced some fluctuations in average real estate taxes per tax return. Taxes were higher in 2012 at $2,131.25, dipped in 2013, and then saw peaks and troughs, notably increasing to $2,453.85 in 2016 and dipping to a low of $1,375.00 in 2018. The highest average in recent years was in 2021 at $2,500.00. This variability might suggest changing property values, assessment practices, or policy shifts, all of which could be important for potential investors, real estate agents, and current residents to consider.
Percentage of Farm Returns in Tripp County, SD Over the Last 10 Years
Tripp County, South Dakota has shown a gradual increase in the percentage of farm tax returns over the past decade, peaking in 2017 at 27.82% before seeing a slight decline to 25.90% by 2021. Farm tax returns reflect the proportion of taxpayers reporting farm income, which can indicate the health and prevalence of agricultural activities. This trend is significant for potential investors and residents as it suggests a consistent, if fluctuating, presence of farming within the county. This evolving landscape may shape future property developments, local economies, and community demographics.
Number of Mortgages by Occupancy Type in Tripp County, SD Over the Last 5 Years in Tripp County
The trends in Tripp County, South Dakota, reveal notable fluctuations in mortgage counts by occupancy type over the last five years. Principal residence mortgages have seen a consistent increase, peaking in 2021, which may hint at a growing local population or improved housing market. Investment property mortgages, while generally lower than principal residences, have spiked in recent years, suggesting a potential upswing in local economic confidence or real estate investment interest. Second residences remain low, indicative of a lesser demand for vacation or secondary homes. These shifts in occupancy type can impact local property values, lending practices, and insurance rates, providing critical insights for investors, real estate agents, appraisers, and anyone considering relocation or development in the area.
Economic Outlook
In Tripp County, South Dakota, the average taxable income per tax return has shown notable fluctuations, with a significant jump from $46,069.03 in 2013 to $58,897.28 in 2021. Such variability, including a dip to $44,465.78 in 2016 and a recovery in following years, might hint at growing economic resilience or shifting demographics. Additionally, the total tax liability per tax return has generally trended upward, with recent figures peaking at $9,388.89 in 2021 compared to $7,114.12 in 2018.... Read more
Average Taxable Income per Tax Return in Tripp County, SD over the last 9 years
The average taxable income per tax return in Tripp County, South Dakota has experienced noticeable fluctuations over the last nine years. From 2013 to 2014, there was a significant increase from $46,069.03 to $53,898.11. However, subsequent years showed variability with a dip to $44,465.78 in 2016 and a recovery to $46,832.57 by 2018. The most striking change came in 2021, where the average taxable income per tax return jumped to $58,897.28. These trends might suggest a growing economic resilience or possibly changing demographics in Tripp County, making it a potentially attractive consideration for investors and newcomers alike.
Average Total Tax Liability Per Tax Return in Tripp County, SD Over the Last 10 Years
Tripp County, South Dakota has seen fluctuations in the average total tax liability per tax return over the past decade, stabilizing somewhat but trending upward more recently. For instance, the 2021 figure was $9,388.89, marking a notable increase from 2018’s low of $7,114.12. This variable financial climate can indicate shifting economic conditions and evolving fiscal policies, crucial considerations for investors, newcomers, property developers, and real estate agents.
Cost of Living in Tripp County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,037 | $1,504 | $2,395 | $1,013 | $988 |
| 1 adult 4 children | $1,037 | $1,228 | $1,835 | $1,013 | $1,074 |
| 2 adults 3 children | $1,037 | $1,229 | $2,076 | $1,013 | $783 |
| 1 adult 3 children | $1,037 | $1,003 | $1,516 | $1,013 | $824 |
| 2 adults 2 children | $826 | $1,006 | $1,757 | $878 | $687 |
| 1 adult 2 children | $826 | $751 | $1,197 | $878 | $624 |
| 2 adults 1 child | $826 | $795 | $1,438 | $439 | $667 |
| 1 adult 1 child | $826 | $513 | $878 | $439 | $522 |
| 2 adults | $628 | $639 | $1,119 | $0 | $580 |
| 1 adult | $575 | $348 | $560 | $0 | $474 |
Safety trends & Data
Those looking into Tripp County, South Dakota, might find the property crime trends insightful for real estate decisions. Larceny-theft hit a high with 20 incidents in 2021 but other years ranged from 7 to 13. Vandalism spiked in 2019 with 9 instances but generally remains lower. Burglary, motor vehicle theft, and fraud incidents are stable and less common. This data could influence considerations around real estate investments, insurance premiums, and community... Read more
Property Crime Trends in Tripp County, SD Over the Last 5 Years
For those considering investing, moving to, or working in Tripp County, South Dakota, it's notable that property crime trends over the past five years show some variation. Larceny-theft incidents peaked in 2021 with 20 reported cases but have fluctuated in other years, ranging from 7 to 13. Vandalism saw a significant spike in 2019 with 9 instances but generally remains lower. Burglary, motor vehicle theft, and fraud incidents appear relatively stable at lower levels, suggesting these crimes are less common. Understanding these trends can provide valuable context for decisions related to real estate, insurance, and community planning.
Demographics
Tripp County, South Dakota, shows a fairly balanced adult population with a slightly higher number of males compared to females. Educational attainment appears skewed towards high school graduates, though there's a notable number with some college education, suggesting potential for increasing higher education investments. The age distribution signals a substantial proportion of residents in the 55 to 64 years bracket, potentially indicating an aging population that may influence future... Read more
Race Distribution in Tripp County, South Dakota (2022)
Educational Attainment in Tripp County, South Dakota (2022)
Age Distribution in Tripp County, South Dakota
Citizen Population in Tripp County, South Dakota (2022)
Political Trends & Data
In Tripp County, South Dakota, the 2020 U.S. Presidential Election saw about 80% of voters favoring the Republican candidate, while Democrats received roughly 18%. The Libertarian party captured close to 1.5% of the vote, with minimal to no support for other minor parties. Such a significant Republican lean could reflect the community's conservative values or specific economic concerns influencing local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tripp County, South Dakota, the 2020 U.S. Presidential Election results leaned heavily Republican, with an approximate 80% vote share, leaving the Democrats trailing at about 18%. The Libertarian party garnered close to 1.5% of the votes, while the Green party and other candidates had no noticeable presence. This pronounced tilt towards the GOP could suggest strong conservative values or economic concerns shaping voter priorities in the region.
80.16% of voters voted for the Republican party in the 2020 Presidential Election
18.36% of voters voted for the Democrat party in the 2020 Presidential Election
1.48% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
In Tripp County, South Dakota, the student-to-teacher ratio has been relatively low, hanging around 12 over the past decade, peaking at 13 in 2019, and dropping to about 11.5 by 2023. This is below the national average of 14, hinting at smaller class sizes which could mean more personalized attention for students. This might be appealing for families prioritizing education, potentially enhancing property values and making the area more attractive for prospective... Read more
Student-to-teacher ratio in Tripp County, South Dakota over the last 10 years
The student-to-teacher ratio in Tripp County, South Dakota has generally hovered around 12 over the past decade, peaking at nearly 13 in 2019 and seeing a gradual decline to about 11.5 by 2023. This ratio is consistently lower than the national average of 14 students per teacher, indicating potentially smaller class sizes which could suggest more individualized attention for students. Investors, appraisers, and those considering moving to the area might find these smaller ratios appealing as they often correlate with more engaged learning environments. Real estate agents might highlight this as an advantage for families prioritizing education, and it might also influence the perception of property value positively.
