Fall River County, South Dakota Housing Market
In Fall River County, South Dakota, the median home value is $193,200, with a median monthly rent of $931. This places Fall River County at #1476 nationally out of 3134 counties by median home value, and #25 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: $875
- Establishments: 322
- BLS QCEW, 2025
Housing Supply
- Single-family: 9
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,435 (avg $67,097)
- Outflow: 2,926 (avg $65,643)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Fall River County Compares
| Metric | Fall River County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $193,200 | $181,021 | $227,706 |
| Median Gross Rent | $931 | $784 | $968 |
| Owner Occupancy Rate | 72.4% | 72.6% | 73.3% |
| Price/Rent Ratio | 17.3 | 19.0 | 18.7 |
Market Analysis
The median home value in Fall River County is 6.7% above the South Dakota state average and 15.2% below the U.S. national average. The median rent of $931/month is 18.8% above the state average.
With a price-to-rent ratio of 17.3, the buy-vs-rent decision in Fall River County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Fall River County has an owner-occupancy rate of 72.4%, 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 |
|---|---|---|---|
| St. John the Baptist Parish | Louisiana | $193,200 | $1,334 |
| Bottineau County | North Dakota | $193,200 | $796 |
| Jackson County | Mississippi | $193,100 | $1,101 |
| Adams County | Nebraska | $193,100 | $857 |
| Conejos County | Colorado | $193,400 | $748 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hanson County | $191,200 | $782 | 89.4% |
| Stanley County | $203,500 | $952 | 83.1% |
| Hyde County | $181,600 | $836 | 83.5% |
| Sully County | $205,400 | $842 | 72.8% |
| Davison County | $205,800 | $847 | 61.5% |
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).