Clay County, South Dakota Housing Market
In Clay County, South Dakota, the median home value is $232,300, with a median monthly rent of $770. This places Clay County at #1054 nationally out of 3134 counties by median home value, and #13 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: $829
- Establishments: 436
- BLS QCEW, 2025
Housing Supply
- Single-family: 16
- Multi-family: 5
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,936 (avg $74,796)
- Outflow: 4,335 (avg $78,036)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Clay County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 57004 | 320.4 | +3.12% | 2025 |
| 2 | 57069 | 273.6 | +3.96% | 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 Clay County Compares
| Metric | Clay County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $232,300 | $181,021 | $227,706 |
| Median Gross Rent | $770 | $784 | $968 |
| Owner Occupancy Rate | 50.8% | 72.6% | 73.3% |
| Price/Rent Ratio | 25.1 | 19.0 | 18.7 |
Market Analysis
The median home value in Clay County is 28.3% above the South Dakota state average and 2.0% above the U.S. national average. The median rent of $770/month is 1.8% below the state average.
With a price-to-rent ratio of 25.1, Clay County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Clay County has an owner-occupancy rate of 50.8%, 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 |
|---|---|---|---|
| Cherokee County | North Carolina | $232,300 | $813 |
| Jefferson County | Florida | $232,600 | $898 |
| Madison County | Kentucky | $232,000 | $889 |
| Sequatchie County | Tennessee | $232,600 | $818 |
| Faulkner County | Arkansas | $232,700 | $1,005 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| McCook County | $230,100 | $945 | 79.5% |
| Codington County | $237,700 | $938 | 69.8% |
| Moody County | $226,500 | $758 | 73.5% |
| Yankton County | $225,900 | $781 | 72.7% |
| Turner County | $222,900 | $742 | 79.0% |
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).