Haakon County, South Dakota Housing Market
In Haakon County, South Dakota, the median home value is $164,200, with a median monthly rent of $584. This places Haakon County at #1926 nationally out of 3134 counties by median home value, and #36 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: $1,028
- Establishments: 90
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 809 (avg $72,667)
- Outflow: 784 (avg $73,839)
- IRS Statistics of Income
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| Metric | Haakon County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $164,200 | $181,021 | $227,706 |
| Median Gross Rent | $584 | $784 | $968 |
| Owner Occupancy Rate | 79.2% | 72.6% | 73.3% |
| Price/Rent Ratio | 23.4 | 19.0 | 18.7 |
Market Analysis
The median home value in Haakon County is 9.3% below the South Dakota state average and 27.9% below the U.S. national average. The median rent of $584/month is 25.5% below the state average.
With a price-to-rent ratio of 23.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Haakon County has an owner-occupancy rate of 79.2%, 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 |
|---|---|---|---|
| St. Martin Parish | Louisiana | $164,200 | $870 |
| Adams County | Ohio | $164,200 | $732 |
| Limestone County | Texas | $164,200 | $905 |
| Crawford County | Georgia | $164,100 | $914 |
| Clinton County | Indiana | $164,100 | $920 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Edmunds County | $163,300 | $992 | 81.1% |
| Hutchinson County | $163,000 | $727 | 77.3% |
| Lyman County | $165,800 | $651 | 69.9% |
| Harding County | $166,100 | $521 | 76.5% |
| Douglas County | $166,900 | $877 | 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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).