Brookings County, South Dakota Housing Market
In Brookings County, South Dakota, the median home value is $264,600, with a median monthly rent of $901. This places Brookings County at #817 nationally out of 3134 counties by median home value, and #8 within South Dakota.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,119
- Establishments: 1,355
- BLS QCEW, 2025
Housing Supply
- Single-family: 141
- Multi-family: 216
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 13,166 (avg $86,847)
- Outflow: 11,923 (avg $88,808)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Brookings County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 57071 | 267.7 | +10.51% | 2025 |
| 2 | 57006 | 254.3 | -0.32% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Brookings County Compares
| Metric | Brookings County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $264,600 | $181,021 | $227,706 |
| Median Gross Rent | $901 | $784 | $968 |
| Owner Occupancy Rate | 57.2% | 72.6% | 73.3% |
| Price/Rent Ratio | 24.5 | 19.0 | 18.7 |
Market Analysis
The median home value in Brookings County is 46.2% above the South Dakota state average and 16.2% above the U.S. national average. The median rent of $901/month is 14.9% above the state average.
With a price-to-rent ratio of 24.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Brookings County has an owner-occupancy rate of 57.2%, 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 |
|---|---|---|---|
| Wabasha County | Minnesota | $264,400 | $830 |
| Piute County | Utah | $264,800 | $950 |
| Newton County | Georgia | $265,000 | $1,439 |
| Iowa County | Wisconsin | $265,000 | $954 |
| Barry County | Michigan | $264,100 | $972 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lake County | $247,600 | $947 | 73.8% |
| Butte County | $244,600 | $972 | 76.1% |
| Hughes County | $242,000 | $990 | 72.0% |
| Minnehaha County | $287,600 | $978 | 63.1% |
| Codington County | $237,700 | $938 | 69.8% |
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).