Faulk County, South Dakota Housing Market
In Faulk County, South Dakota, the median home value is $147,500, with a median monthly rent of $771. This places Faulk County at #2274 nationally out of 3134 counties by median home value, and #46 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: $937
- Establishments: 109
- BLS QCEW, 2025
Housing Supply
- Single-family: 7
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 740 (avg $79,389)
- Outflow: 719 (avg $79,908)
- IRS Statistics of Income
How Faulk County Compares
| Metric | Faulk County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $147,500 | $181,021 | $227,706 |
| Median Gross Rent | $771 | $784 | $968 |
| Owner Occupancy Rate | 79.6% | 72.6% | 73.3% |
| Price/Rent Ratio | 15.9 | 19.0 | 18.7 |
Market Analysis
The median home value in Faulk County is 18.5% below the South Dakota state average and 35.2% below the U.S. national average. The median rent of $771/month is 1.7% below the state average.
With a price-to-rent ratio of 15.9, the buy-vs-rent decision in Faulk County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Faulk County has an owner-occupancy rate of 79.6%, 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 |
|---|---|---|---|
| Gratiot County | Michigan | $147,500 | $834 |
| Lincoln County | Kentucky | $147,300 | $698 |
| Livingston County | Missouri | $147,700 | $768 |
| Herkimer County | New York | $147,700 | $823 |
| Pierce County | North Dakota | $147,300 | $850 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Jerauld County | $150,800 | $632 | 84.1% |
| Aurora County | $151,900 | $747 | 72.7% |
| Miner County | $142,600 | $644 | 84.8% |
| Roberts County | $154,500 | $658 | 71.2% |
| 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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).