Hughes County, South Dakota Housing Market
In Hughes County, South Dakota, the median home value is $242,000, with a median monthly rent of $990. This places Hughes County at #958 nationally out of 3134 counties by median home value, and #11 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: $1,153
- Establishments: 838
- BLS QCEW, 2025
Housing Supply
- Single-family: 29
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,572 (avg $84,459)
- Outflow: 7,058 (avg $86,535)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Hughes County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 57501 | 268.7 | +6.71% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Hughes County on Our Sister Sites
Get the complete picture for Hughes County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Hughes County Compares
| Metric | Hughes County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $242,000 | $181,021 | $227,706 |
| Median Gross Rent | $990 | $784 | $968 |
| Owner Occupancy Rate | 72.0% | 72.6% | 73.3% |
| Price/Rent Ratio | 20.4 | 19.0 | 18.7 |
Market Analysis
The median home value in Hughes County is 33.7% above the South Dakota state average and 6.3% above the U.S. national average. The median rent of $990/month is 26.3% above 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.
Hughes County has an owner-occupancy rate of 72.0%, 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 |
|---|---|---|---|
| Lebanon County | Pennsylvania | $242,000 | $1,110 |
| Hamilton County | Ohio | $241,900 | $1,075 |
| Harney County | Oregon | $242,100 | $684 |
| Wayne County | Pennsylvania | $242,100 | $1,038 |
| Kalamazoo County | Michigan | $241,800 | $1,093 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Butte County | $244,600 | $972 | 76.1% |
| Codington County | $237,700 | $938 | 69.8% |
| Lake County | $247,600 | $947 | 73.8% |
| Clay County | $232,300 | $770 | 50.8% |
| McCook County | $230,100 | $945 | 79.5% |
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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).