Walworth County Real Estate and Livability Trends
In Walworth County, South Dakota, average taxable income per tax return saw substantial growth from $51,347.64 in 2013 to $75,345.31 in 2021, hinting at an improving economic landscape that may positively influence property values and attract new investors. Median home values surged from $76,600 in 2015 to $115,900 in 2022, although still below state and national medians. Declines in average... Read more
Walworth County Market Trends
Walworth County, South Dakota has seen a notable rise in median home values from $76,600 in 2015 to $115,900 in 2022, although it still trails the state median of $219,500 and national $179,400 figures. The average residential energy tax credit per tax return has declined sharply from $320.00 in 2013 to $133.33 in 2016, potentially affecting energy-efficiency investment decisions. Average real... Read more
Median Value of Occupied Housing Units in Walworth County, South Dakota Over the Last 8 Years
Walworth County, South Dakota has seen a significant rise in median home values, with 2022 figures reaching $115,900, a notable increase from $76,600 in 2015. Despite this growth, the county lags well behind both the state median of $219,500 and the national median of $179,400. Investors and potential homeowners may find Walworth County appealing for its relatively low entry point compared to broader state and national markets, presenting potential for value appreciation.
Residential Energy Tax Credit Per Tax Return in Walworth County, SD Over the Last 4 Years
In Walworth County, South Dakota, the average residential energy tax credit per tax return has generally shown a declining trend over the last four years. Beginning at $320.00 in 2013, the credit value decreased to $225.00 in 2014 and saw a slight uptick to $266.67 in 2015, before dropping sharply to $133.33 in 2016. This downward trend may hint at changes in energy efficiency investments or incentives within the county, which could be a consideration for potential property investors or current residents looking to make energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Walworth County, SD Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Walworth County, South Dakota have shown a general upward trend, with a notable spike in 2018 to $3,500.00 followed by $3,875.00 in 2020. This pattern could suggest increasing property values or rising tax rates, making it an important factor for potential investors, real estate agents, or those considering moving to the area. However, the fluctuation also implies some variability which appraisers and insurance agents should take into account.
Percentage of Farm Returns in Walworth County, SD Over the Last 10 Years
Walworth County, South Dakota has shown relatively stable farm tax return percentages over the past decade, typically ranging around 12.12% to 13.08%. Farm tax returns, representing the share of tax filings from agricultural activities, highlight the importance of farming in the local economy. Investors and potential property buyers might find this trend valuable as it illustrates a consistent agricultural presence, which could affect land values, local economy support, and community stability.
Number of Mortgages by Occupancy Type in Walworth County, SD Over the Last 5 Years in Walworth County
Walworth County, South Dakota has shown a significant tilt towards mortgages on principal residences over the last five years, with counts peaking at 197 in 2021 before dropping to 131 in 2022. Investment property mortgages, while growing steadily from 2 in 2018 to 12 in 2022, remain a smaller segment. Second residences represented a tiny fraction, fluctuating slightly but never surpassing 8 per year. For investors, an uptick in investment properties could signify emerging opportunities. For prospective homeowners, high principal residence figures point to stability and potential demand in the housing market. Appraisers, insurance agents, and real estate professionals should note these occupancy trends as they reflect the area's residential priorities, influencing property values and risk assessments. Understanding these dynamics can help tailor strategies for building, selling, or insuring homes in this locale.
Economic Outlook
Walworth County, South Dakota, has experienced a substantial rise in average taxable income per tax return, climbing from $51,347.64 in 2013 to $75,345.31 in 2021. This growth could signal an improving economic scene, potentially increasing property values and attracting new investors. Local income taxes have shown notable volatility, with a significant dip to $2,150.00 in 2014, rising to $4,233.33 by 2017. Total tax liability per return has generally increased, peaking at $12,290.05 in 2021,... Read more
Average Taxable Income per Tax Return in Walworth County, SD over the last 9 years
Walworth County, South Dakota has seen a steady increase in average taxable income per tax return over the past nine years, rising from $51,347.64 in 2013 to $75,345.31 in 2021. This consistent growth may suggest an improving economic landscape, which could be appealing for potential investors, new residents, real estate developers, and professionals in related fields. The upward trend highlights potential for increased property values, higher disposable incomes, and a generally prosperous outlook in this region.
Average State and Local Income Taxes Per Tax Return in Walworth County, SD Over the Last 3 Years
Walworth County, South Dakota has seen notable shifts in average state and local income taxes per tax return over recent years. In 2012, the average was around $3,000.00, which decreased considerably to $2,150.00 in 2014, potentially offering some financial relief to residents during that period. By 2017, however, taxes jumped to an average of approximately $4,233.33 per return. This volatility could suggest influencing economic factors or changing tax policies, making it a point of interest for potential investors, property developers, appraisers, insurance agents, and real estate professionals analyzing the financial landscape.
Average Total Tax Liability Per Tax Return in Walworth County, SD Over the Last 10 Years
Over the past decade, Walworth County, South Dakota has exhibited fluctuating yet generally increasing trends in average total tax liability per tax return. The liability ranged significantly, with an apparent spike in 2021 reaching $12,290.05, higher than any of the previous years. This information is crucial for potential investors, real estate agents, and residents, as it might signal changing fiscal policies, economic growth, or shifts in local income levels. Such trends could also imply varying financial stability for newcomers, impacting property values and insurance rates.
Cost of Living in Walworth County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,007 | $1,584 | $2,458 | $1,013 | $986 |
| 1 adult 4 children | $1,007 | $1,294 | $1,884 | $1,013 | $1,059 |
| 2 adults 3 children | $1,007 | $1,294 | $2,130 | $1,013 | $774 |
| 1 adult 3 children | $1,007 | $1,057 | $1,557 | $1,013 | $803 |
| 2 adults 2 children | $827 | $1,060 | $1,803 | $878 | $686 |
| 1 adult 2 children | $827 | $791 | $1,229 | $878 | $614 |
| 2 adults 1 child | $827 | $837 | $1,475 | $439 | $662 |
| 1 adult 1 child | $827 | $541 | $901 | $439 | $513 |
| 2 adults | $628 | $673 | $1,148 | $0 | $575 |
| 1 adult | $575 | $367 | $574 | $0 | $467 |
Safety trends & Data
Walworth County, South Dakota has seen fluctuating property crime rates over the past five years, with notable peaks in larceny-theft and vandalism in 2020. Burglary incidents have generally trended lower since a 2018 peak. In 2022, arson emerged with two reported incidents, highlighting an evolving crime landscape that investors, residents, and real estate professionals should consider when making decisions related to property development, insurance, and community... Read more
Property Crime Trends in Walworth County, SD Over the Last 5 Years
Walworth County, South Dakota has seen fluctuating property crime rates over the past five years. The highest rates of larceny-theft occurred in 2020 and 2022 with eight incidents each year. Vandalism remained relatively consistent, peaking in 2019 and 2020 with six incidents annually. Burglary numbers peaked at four incidents in 2018 but generally trended lower in subsequent years. In 2022, an introduction of arson cases, with two reported incidents, highlighted the evolving crime landscape. These trends suggest a dynamic environment that investors, residents, and real estate professionals should consider when making decisions related to property development, insurance, and community safety in the area.
Demographics
Walworth County, South Dakota, displays a relatively balanced gender distribution with slightly more males than females. Educational attainment varies, dominated by high school graduates—including equivalency—with some residents holding advanced degrees. The age composition skews towards both the youngest and older age groups, hinting at a potentially aging population alongside younger families. Racially, the population is predominantly White, with smaller representations of American Indian... Read more
Race Distribution in Walworth County, South Dakota (2022)
Educational Attainment in Walworth County, South Dakota (2022)
Age Distribution in Walworth County, South Dakota
Citizen Population in Walworth County, South Dakota (2022)
Political Trends & Data
Walworth County, South Dakota showed a strong Republican presence in the 2020 U.S. Presidential Election, with the Democratic party securing only about 20% of the votes. Libertarian support was minimal. This voting pattern may suggest entrenched conservative ideologies that could impact future elections and local policymaking... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Walworth County, South Dakota, the 2020 U.S. Presidential Election saw a significant lean towards the Republican party, which might hint at a dominant conservative voter base. The Democratic party trailed substantially, garnering only about a fifth of the votes, potentially suggesting a lesser influence or presence. Libertarian voters were present but minimal, showing that third-party interest might be limited. This distribution of votes could indicate entrenched political ideologies within the county that may influence future elections and policymaking decisions.
76.20% of voters voted for the Republican party in the 2020 Presidential Election
21.90% of voters voted for the Democrat party in the 2020 Presidential Election
1.90% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Walworth County, South Dakota has seen its student-to-teacher ratio generally hover around the national average of 14 over the past decade. In 2017, it peaked at 14 students per teacher, aligning with this average, but has since dropped to approximately 11 students per teacher in 2023. This lower ratio could suggest more personalized attention for students, potentially appealing to families and investors alike. For real estate and insurance agents, this trend can be a significant talking point... Read more
Student-to-teacher ratio in Walworth County, South Dakota over the last 10 years
Walworth County, South Dakota has seen its student-to-teacher ratio fluctuate over the past decade, generally trending around the national average of 14. The highest ratio was in 2017 at 14 students per teacher, which is close to the national average, while the current ratio in 2023 is notably lower at approximately 11 students per teacher. This relatively lower student-to-teacher ratio could indicate potentially more personalized attention for students, which might appeal to families considering a move to the area. Investors and developers might also find this trend beneficial, as it suggests a supportive educational environment, which is often a key factor for property value growth. Real estate agents and insurance agents might also note these ratios when discussing the educational infrastructure with potential clients.
