Hamlin County, South Dakota Housing Market
In Hamlin County, South Dakota, the median home value is $208,600, with a median monthly rent of $800. This places Hamlin County at #1316 nationally out of 3134 counties by median home value, and #20 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: $1,219
- Establishments: 262
- BLS QCEW, 2025
Housing Supply
- Single-family: 57
- Multi-family: 14
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,384 (avg $87,719)
- Outflow: 2,197 (avg $88,943)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Hamlin County Compares
| Metric | Hamlin County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $208,600 | $181,021 | $227,706 |
| Median Gross Rent | $800 | $784 | $968 |
| Owner Occupancy Rate | 82.0% | 72.6% | 73.3% |
| Price/Rent Ratio | 21.7 | 19.0 | 18.7 |
Market Analysis
The median home value in Hamlin County is 15.2% above the South Dakota state average and 8.4% below the U.S. national average. The median rent of $800/month is 2.0% above the state average.
With a price-to-rent ratio of 21.7, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Hamlin County has an owner-occupancy rate of 82.0%, 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 |
|---|---|---|---|
| Dodge County | Nebraska | $208,600 | $1,060 |
| Madison County | Nebraska | $208,500 | $881 |
| Summit County | Ohio | $208,700 | $1,026 |
| Fulton County | Pennsylvania | $208,500 | $809 |
| McLean County | Illinois | $208,400 | $1,009 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Deuel County | $205,900 | $642 | 82.8% |
| Davison County | $205,800 | $847 | 61.5% |
| Sully County | $205,400 | $842 | 72.8% |
| Stanley County | $203,500 | $952 | 83.1% |
| Brule County | $216,800 | $835 | 76.4% |
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).