Hanson County, South Dakota Housing Market
In Hanson County, South Dakota, the median home value is $191,200, with a median monthly rent of $782. This places Hanson County at #1499 nationally out of 3134 counties by median home value, and #26 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: $1,039
- Establishments: 95
- BLS QCEW, 2025
Housing Supply
- Single-family: 8
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,686 (avg $81,264)
- Outflow: 1,546 (avg $81,567)
- IRS Statistics of Income
How Hanson County Compares
| Metric | Hanson County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $191,200 | $181,021 | $227,706 |
| Median Gross Rent | $782 | $784 | $968 |
| Owner Occupancy Rate | 89.4% | 72.6% | 73.3% |
| Price/Rent Ratio | 20.4 | 19.0 | 18.7 |
Market Analysis
The median home value in Hanson County is 5.6% above the South Dakota state average and 16.0% below the U.S. national average. The median rent of $782/month is about equal to the state average.
With a price-to-rent ratio of 20.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Hanson County has an owner-occupancy rate of 89.4%, 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 |
|---|---|---|---|
| Brown County | Minnesota | $191,200 | $890 |
| Perry County | Ohio | $191,100 | $777 |
| Grant County | Minnesota | $191,000 | $797 |
| Nash County | North Carolina | $191,000 | $953 |
| Fulton County | Ohio | $191,000 | $863 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Fall River County | $193,200 | $931 | 72.4% |
| Hyde County | $181,600 | $836 | 83.5% |
| Stanley County | $203,500 | $952 | 83.1% |
| 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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).