Bennett County, South Dakota Housing Market
In Bennett County, South Dakota, the median home value is $156,400, with a median monthly rent of $617. This places Bennett County at #2109 nationally out of 3134 counties by median home value, and #42 within South Dakota.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $748
- Establishments: 73
- BLS QCEW, 2025
Migration Patterns
- Inflow: 991 (avg $44,878)
- Outflow: 970 (avg $44,802)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Bennett County Compares
| Metric | Bennett County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $156,400 | $181,021 | $227,706 |
| Median Gross Rent | $617 | $784 | $968 |
| Owner Occupancy Rate | 61.2% | 72.6% | 73.3% |
| Price/Rent Ratio | 21.1 | 19.0 | 18.7 |
Market Analysis
The median home value in Bennett County is 13.6% below the South Dakota state average and 31.3% below the U.S. national average. The median rent of $617/month is 21.3% below the state average.
With a price-to-rent ratio of 21.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Bennett County has an owner-occupancy rate of 61.2%, compared to 72.6% in South Dakota and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Williamson County | Illinois | $156,400 | $930 |
| Pulaski County | Indiana | $156,400 | $772 |
| Hamilton County | Iowa | $156,400 | $877 |
| Warren County | Mississippi | $156,400 | $888 |
| Chaves County | New Mexico | $156,400 | $867 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Marshall County | $156,500 | $752 | 80.3% |
| Roberts County | $154,500 | $658 | 71.2% |
| Clark County | $158,400 | $782 | 77.5% |
| Hand County | $159,300 | $587 | 65.5% |
| Aurora County | $151,900 | $747 | 72.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).