Hand County, South Dakota Housing Market
In Hand County, South Dakota, the median home value is $159,300, with a median monthly rent of $587. This places Hand County at #2035 nationally out of 3134 counties by median home value, and #39 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: $917
- Establishments: 148
- BLS QCEW, 2025
Housing Supply
- Single-family: 5
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,283 (avg $84,277)
- Outflow: 1,232 (avg $85,711)
- IRS Statistics of Income
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| Metric | Hand County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $159,300 | $181,021 | $227,706 |
| Median Gross Rent | $587 | $784 | $968 |
| Owner Occupancy Rate | 65.5% | 72.6% | 73.3% |
| Price/Rent Ratio | 22.6 | 19.0 | 18.7 |
Market Analysis
The median home value in Hand County is 12.0% below the South Dakota state average and 30.0% below the U.S. national average. The median rent of $587/month is 25.1% below the state average.
With a price-to-rent ratio of 22.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Hand County has an owner-occupancy rate of 65.5%, 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 |
|---|---|---|---|
| Randolph County | Missouri | $159,300 | $760 |
| Candler County | Georgia | $159,200 | $715 |
| Martin County | Indiana | $159,400 | $697 |
| Howard County | Missouri | $159,400 | $832 |
| Carter County | Missouri | $159,400 | $656 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Clark County | $158,400 | $782 | 77.5% |
| Marshall County | $156,500 | $752 | 80.3% |
| Bennett County | $156,400 | $617 | 61.2% |
| Hutchinson County | $163,000 | $727 | 77.3% |
| Edmunds County | $163,300 | $992 | 81.1% |
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).