Dewey County, South Dakota Housing Market
In Dewey County, South Dakota, the median home value is $69,600, with a median monthly rent of $692. This places Dewey County at #3115 nationally out of 3134 counties by median home value, and #64 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: $908
- Establishments: 119
- BLS QCEW, 2025
Migration Patterns
- Inflow: 2,037 (avg $53,495)
- Outflow: 1,971 (avg $54,238)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Dewey County Compares
| Metric | Dewey County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $69,600 | $181,021 | $227,706 |
| Median Gross Rent | $692 | $784 | $968 |
| Owner Occupancy Rate | 61.2% | 72.6% | 73.3% |
| Price/Rent Ratio | 8.4 | 19.0 | 18.7 |
Market Analysis
The median home value in Dewey County is 61.6% below the South Dakota state average and 69.4% below the U.S. national average. The median rent of $692/month is 11.7% below the state average.
With a price-to-rent ratio of 8.4, buying a home in Dewey County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Dewey 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 |
|---|---|---|---|
| Comanche County | Kansas | $69,600 | $692 |
| Quitman County | Mississippi | $69,600 | $672 |
| Corson County | South Dakota | $69,800 | $496 |
| Harding County | New Mexico | $70,000 | $1,038 |
| Leslie County | Kentucky | $69,000 | $585 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Corson County | $69,800 | $496 | 59.1% |
| Mellette County | $84,100 | $708 | 60.4% |
| Todd County | $53,900 | $532 | 46.3% |
| McPherson County | $85,600 | $594 | 81.3% |
| Oglala Lakota County | $52,900 | $584 | 51.5% |
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).