Hutchinson County, South Dakota Housing Market
In Hutchinson County, South Dakota, the median home value is $163,000, with a median monthly rent of $727. This places Hutchinson County at #1955 nationally out of 3134 counties by median home value, and #38 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: $1,024
- Establishments: 260
- BLS QCEW, 2025
Housing Supply
- Single-family: 20
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,899 (avg $78,325)
- Outflow: 2,758 (avg $79,353)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Hutchinson County Compares
| Metric | Hutchinson County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $163,000 | $181,021 | $227,706 |
| Median Gross Rent | $727 | $784 | $968 |
| Owner Occupancy Rate | 77.3% | 72.6% | 73.3% |
| Price/Rent Ratio | 18.7 | 19.0 | 18.7 |
Market Analysis
The median home value in Hutchinson County is 10.0% below the South Dakota state average and 28.4% below the U.S. national average. The median rent of $727/month is 7.3% below the state average.
With a price-to-rent ratio of 18.7, the buy-vs-rent decision in Hutchinson County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Hutchinson County has an owner-occupancy rate of 77.3%, 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 |
|---|---|---|---|
| Crawford County | Michigan | $163,000 | $862 |
| Fulton County | New York | $163,100 | $912 |
| Wayne County | Georgia | $162,800 | $846 |
| Russell County | Kentucky | $163,200 | $681 |
| Alcona County | Michigan | $162,800 | $867 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Edmunds County | $163,300 | $992 | 81.1% |
| Haakon County | $164,200 | $584 | 79.2% |
| Lyman County | $165,800 | $651 | 69.9% |
| Harding County | $166,100 | $521 | 76.5% |
| Hand County | $159,300 | $587 | 65.5% |
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).