Bon Homme County, South Dakota Housing Market
In Bon Homme County, South Dakota, the median home value is $134,100, with a median monthly rent of $646. This places Bon Homme County at #2446 nationally out of 3134 counties by median home value, and #52 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: $961
- Establishments: 209
- BLS QCEW, 2025
Housing Supply
- Single-family: 19
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,409 (avg $67,164)
- Outflow: 2,291 (avg $67,799)
- IRS Statistics of Income
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| Metric | Bon Homme County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $134,100 | $181,021 | $227,706 |
| Median Gross Rent | $646 | $784 | $968 |
| Owner Occupancy Rate | 80.5% | 72.6% | 73.3% |
| Price/Rent Ratio | 17.3 | 19.0 | 18.7 |
Market Analysis
The median home value in Bon Homme County is 25.9% below the South Dakota state average and 41.1% below the U.S. national average. The median rent of $646/month is 17.6% below the state average.
With a price-to-rent ratio of 17.3, the buy-vs-rent decision in Bon Homme County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Bon Homme County has an owner-occupancy rate of 80.5%, compared to 72.6% in South Dakota and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Moultrie County | Illinois | $134,000 | $804 |
| Greenup County | Kentucky | $134,000 | $860 |
| Gentry County | Missouri | $134,000 | $636 |
| Lake County | Michigan | $133,900 | $875 |
| Dougherty County | Georgia | $134,400 | $935 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Tripp County | $132,900 | $820 | 68.4% |
| Sanborn County | $135,600 | $725 | 78.6% |
| Walworth County | $136,600 | $926 | 76.2% |
| Jones County | $139,600 | $543 | 76.3% |
| Gregory County | $139,900 | $614 | 76.7% |
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).