Jones County, South Dakota Housing Market

In Jones County, South Dakota, the median home value is $139,600, with a median monthly rent of $543. This places Jones County at #2377 nationally out of 3134 counties by median home value, and #49 within South Dakota.

Median Home Value $139,600
Median Rent $543/mo
Owner Occupancy 76.3%
Price/Rent Ratio 21.4

📈 Price Trend (2017 → 2024)

ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.

📍 Economic Snapshot

💼

Employment & Wages

217
jobs (private sector)
  • Avg weekly wage: $745
  • Establishments: 43
  • BLS QCEW, 2025
🏗️

Housing Supply

3
new units authorized (2025)
  • Single-family: 3
  • Multi-family: 0
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+0
net migration (filers, 2021-2022)
  • Inflow: 359 (avg $64,373)
  • Outflow: 359 (avg $64,373)
  • IRS Statistics of Income

How Jones County Compares

MetricJones CountySouth Dakota AverageU.S. Average
Median Home Value $139,600 $181,021 $227,706
Median Gross Rent $543 $784 $968
Owner Occupancy Rate 76.3% 72.6% 73.3%
Price/Rent Ratio 21.4 19.0 18.7

Market Analysis

The median home value in Jones County is 22.9% below the South Dakota state average and 38.7% below the U.S. national average. The median rent of $543/month is 30.7% below the state average.

With a price-to-rent ratio of 21.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Jones County has an owner-occupancy rate of 76.3%, 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

CountyStateMedian Home ValueMedian Rent
Woods County Oklahoma $139,600 $850
Decatur County Tennessee $139,600 $757
Smyth County Virginia $139,600 $731
Cheyenne County Nebraska $139,700 $821
Nelson County North Dakota $139,700 $582

Other Counties in South Dakota

CountyMedian Home ValueMedian RentOwner Occ.
Gregory County $139,900 $614 76.7%
Walworth County $136,600 $926 76.2%
Miner County $142,600 $644 84.8%
Sanborn County $135,600 $725 78.6%
Bon Homme County $134,100 $646 80.5%

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).