Yankton County Real Estate and Livability Trends
Yankton County, South Dakota's median home values spiked from $128,700 in 2015 to $190,400 in 2022, hinting at a robust real estate market with strong investment potential. The increase in taxable income, growing from $53,036.92 in 2013 to $79,792.72 in 2021, underscores burgeoning economic prosperity. Property taxes climbed from $4,684.85 in 2018 to $5,996.77 in 2021, which may reflect rising... Read more
Yankton County Market Trends
Yankton County's median home values have risen from $128,700 in 2015 to $190,400 in 2022, signaling a strong investment opportunity against the broader growth in South Dakota and the national median. Real estate taxes surged notably, escalating from $4,684.85 in 2018 to $5,996.77 in 2021, reflecting either rising property values or tax assessments. Residential energy tax credits also showed... Read more
Median Value of Occupied Housing Units in Yankton County, South Dakota Over the Last 8 Years
Yankton County's median home values have shown a dynamic upward trend over the past eight years, rising from $128,700 in 2015 to $190,400 in 2022. Despite this substantial increase, Yankton County's growth appears more measured compared to the widespread growth seen across South Dakota, which saw an increase from $140,500 in 2015 to $219,500 in 2022. Interestingly, the national median values also rose significantly, from $125,500 in 2015 to $179,400 in 2022, but at a somewhat slower rate than both Yankton County and South Dakota overall. This steady uptrend can signal a strong investment opportunity for potential homebuyers or property builders keen on leveraging the rising property values in Yankton County.
Residential Energy Tax Credit Per Tax Return in Yankton County, SD Over the Last 8 Years
Over the past eight years, Yankton County, South Dakota has seen a significant fluctuation in the average residential energy tax credit per tax return, with amounts ranging from $235.29 in 2014 to a substantial $690.91 in 2021. Noteworthy increases occurred in 2015 and continued steeper in 2020 and 2021, suggesting an enhanced focus on energy efficiency potentially spurred by newer incentives or higher adoption rates. This trend is of particular interest to real estate investors, builders, and insurance agents as it indicates increased homeowner investment in energy-efficient upgrades which tend to raise property values and potentially influence insurance risk assessments.
Average Real Estate Taxes Per Tax Return in Yankton County, SD Over the Last 10 Years
Over the past decade in Yankton County, South Dakota, average real estate taxes per tax return have shown a notable upward trend. From $3,354.86 in 2012, taxes experienced gradual increases until 2017, hitting $3,702.33. A significant jump occurred in 2018, reaching $4,684.85, followed by sharp rises in subsequent years, peaking at $5,996.77 in 2021. This increase could signal escalating real estate values or adjustments in tax assessment procedures, likely impacting property investments and insurance rates.
Percentage of Farm Returns in Yankton County, SD Over the Last 10 Years
Over the past decade, the percentage of farm returns in Yankton County, South Dakota, has experienced a slight decline. Starting at 6.14% in 2012, it reached 5.57% by 2021, with some fluctuations in between. This trend could potentially indicate changing agricultural practices or shifts in economic focus within the county. Farm tax returns refer to the documentation of income and expenses related to farming operations, which are vital for assessing the financial health and investment potential of agricultural enterprises in the area. For those interested in investing, moving to, or building property in Yankton County, these trends might suggest a gradual shift away from traditional farming activities.
Number of Mortgages by Occupancy Type in Yankton County, SD Over the Last 5 Years in Yankton County
Yankton County, South Dakota has seen a fluctuating trend in the number of mortgages over the last five years, with principal residences consistently dominating the numbers, suggesting a stable demand for primary homes. Peaks in 2019 and 2020 likely indicate economic factors or policy changes influencing home buying decisions. Investment properties and second residences show a more modest and stable pattern, which could imply a less volatile market for these types, potentially attractive for both conservative investors and those looking for vacation homes. These shifts in occupancy types can significantly affect property values, tax implications, and the overall local economy, which matters not just for investors but also for appraisers, insurance agents, real estate developers, and residents considering long-term commitments in the area.
Economic Outlook
Yankton County, South Dakota has witnessed a marked increase in average taxable income per tax return, rising from $53,036.92 in 2013 to $79,792.72 in 2021, indicating growing economic prosperity and potential attractiveness for investors and real estate agents. Fluctuations in average state and local income taxes, peaking at $14,400.00 in 2020, suggest possible changes in policy or local economic conditions, making the tax climate an essential consideration for property stakeholders.... Read more
Average Taxable Income per Tax Return in Yankton County, SD over the last 9 years
Yankton County, South Dakota has experienced a noticeable increase in average taxable income per tax return over the last nine years. Starting at $53,036.92 in 2013, the figure rose to $79,792.72 by 2021. This upward trend suggests growing economic prosperity, making the area potentially attractive for investors, property developers, and real estate agents. The significant income growth also indicates a burgeoning local economy, which could interest appraisers and insurance agents assessing property values and risk profiles in the region. Potential residents might find these economic signals promising when considering a move to Yankton County.
Average State and Local Income Taxes Per Tax Return in Yankton County, SD Over the Last 10 Years
Yankton County, South Dakota has seen fluctuations in average state and local income taxes per tax return over the last decade. There was a notable surge in 2020, peaking at $14,400.00, which could suggest changes in policy or local economic conditions. However, 2014-2016 experienced some of the lowest averages around $6,100.00 to $7,373.68, indicating a relatively more stable tax burden during those years. This variability might be crucial for investors, home buyers, and real estate agents as it potentially reflects broader economic health or fiscal policies affecting disposable income and property values.
Average Total Tax Liability Per Tax Return in Yankton County, SD Over the Last 10 Years
Over the last decade, Yankton County, South Dakota, has seen significant fluctuations in average total tax liability per tax return, ranging from approximately $8,461.74 in 2012 to roughly $13,218.65 in 2021. Peaks observed in 2014 and 2020, and a notable climb in 2021, suggest a trend of increasing tax liabilities, with some years seeing slight declines. These changes may impact various stakeholders, from real estate investors gauging potential returns to residents assessing their financial planning.
Cost of Living in Yankton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,154 | $1,504 | $2,395 | $1,018 | $953 |
| 1 adult 4 children | $1,154 | $1,228 | $1,835 | $1,018 | $1,023 |
| 2 adults 3 children | $1,154 | $1,229 | $2,076 | $1,018 | $751 |
| 1 adult 3 children | $1,154 | $1,003 | $1,516 | $1,018 | $779 |
| 2 adults 2 children | $826 | $1,006 | $1,757 | $883 | $632 |
| 1 adult 2 children | $826 | $751 | $1,197 | $883 | $549 |
| 2 adults 1 child | $826 | $795 | $1,438 | $443 | $615 |
| 1 adult 1 child | $826 | $513 | $878 | $443 | $472 |
| 2 adults | $638 | $639 | $1,119 | $0 | $537 |
| 1 adult | $575 | $348 | $560 | $0 | $434 |
Safety trends & Data
Yankton County, South Dakota's property crime trends reveal fluctuating patterns, with larceny-theft consistently leading and peaking at 23.00 arrests in 2018 before dropping to 10.00 in 2022. Burglary saw a spike in 2019 with 8.00 arrests but declined sharply to 1.00 in 2022. Interestingly, fraud incidents surged to 19.00 arrests in 2022 from just 2.00 in 2020. Motor vehicle thefts have remained relatively stable, ranging between 6.00 to 10.00 arrests annually. These trends offer crucial... Read more
Property Crime Trends in Yankton County, SD Over the Last 5 Years
Yankton County, South Dakota's property crime trends show fluctuations over the past five years, with notable changes in various categories. Larceny-Theft consistently emerges as the most common crime, peaking at 23.0 arrests in 2018 and dropping to 10.0 in 2022. Burglary arrests saw a significant increase in 2019 (8.0) before falling to just 1.0 by 2022. Fraud incidents saw a substantial rise in 2022, jumping to 19.0 arrests from just 2.0 in 2020. Motor Vehicle Theft has hovered between 6.0 and 10.0 arrests annually, indicating a slightly consistent trend. For appraisers, real estate agents, and potential investors, these variances highlight areas of concern for property value and safety assessments.
Demographics
In Yankton County, South Dakota, males slightly outnumber females among adults, which could impact gender-targeted services and community programs. Educational attainment is diverse, with a significant portion of the population having high school education or some college experience, potentially influencing the workforce's skill level and local economic initiatives. The age distribution reveals a balanced mix across different age groups, suggesting a broadly stable community with specific needs... Read more
Race Distribution in Yankton County, South Dakota (2022)
Educational Attainment in Yankton County, South Dakota (2022)
Age Distribution in Yankton County, South Dakota
Citizen Population in Yankton County, South Dakota (2022)
Political Trends & Data
In Yankton County, South Dakota, the 2020 U.S. Presidential Election showed a significant lean towards the Republican party, with Republicans capturing over 60% of the votes while Democrats took around 37%. Libertarians were a minor presence at under 3%, and there was an almost complete absence of votes for other parties. This pattern is common in rural and small-town America, where Republican support tends to be... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Yankton County, South Dakota, the 2020 U.S. Presidential Election showed a considerable lean towards the Republican party, capturing a little over 60% of the votes. Democrats, meanwhile, garnered approximately 37%, suggesting a notable but not highly competitive race. Libertarians were marginal players at just under 3%. There were effectively no votes for the Green party or other parties, indicating a predominantly two-party preference among voters. This distribution reflects broader trends in rural and small-town America, where Republican support is typically stronger.
60.38% of voters voted for the Republican party in the 2020 Presidential Election
36.84% of voters voted for the Democrat party in the 2020 Presidential Election
2.78% of voters voted for the Livertarian party in the 2020 Presidential Election
School Data
Yankton County, South Dakota's student-to-teacher ratio has seen notable changes in the past decade, shifting from 17 in 2014 to varying between 15 and 16 in recent years. This metric can be a significant indicator of educational quality, with lower ratios often correlating with more personalized attention for students. Recent trends closer to the national average of 14 suggest potential improvements in local education, which could be appealing for families, real estate investors, and... Read more
Student-to-teacher ratio in Yankton County, South Dakota over the last 10 years
Yankton County, South Dakota has seen fluctuations in its student-to-teacher ratio over the last ten years, starting at 17 in 2014, dropping to around 14 in 2015 and 2016, and then varying between approximately 15 and 16 from 2017 to 2023. For those interested in educational quality, this ratio provides a useful metric; a lower student-to-teacher ratio often implies more individualized attention and potentially better educational outcomes. Comparatively, while Yankton County's ratio has at times been higher than the national average of 14 students per teacher, recent years have seen it moving closer to this benchmark, which might indicate improving educational conditions. This can be particularly compelling for families considering a move, investors in local real estate, as well as educators and school administrators looking to assess and enhance school performance.
