Lawrence County, South Dakota Housing Market
In Lawrence County, South Dakota, the median home value is $346,500, with a median monthly rent of $938. This places Lawrence County at #437 nationally out of 3134 counties by median home value, and #3 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: $961
- Establishments: 1,640
- BLS QCEW, 2025
Housing Supply
- Single-family: 194
- Multi-family: 38
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,689 (avg $109,665)
- Outflow: 10,833 (avg $107,437)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Lawrence County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 57785 | 378.6 | +7.71% | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lawrence County Compares
| Metric | Lawrence County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $346,500 | $181,021 | $227,706 |
| Median Gross Rent | $938 | $784 | $968 |
| Owner Occupancy Rate | 65.1% | 72.6% | 73.3% |
| Price/Rent Ratio | 30.8 | 19.0 | 18.7 |
Market Analysis
The median home value in Lawrence County is 91.4% above the South Dakota state average and 52.2% above the U.S. national average. The median rent of $938/month is 19.6% above the state average.
With a price-to-rent ratio of 30.8, Lawrence County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Lawrence County has an owner-occupancy rate of 65.1%, 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 |
|---|---|---|---|
| Anoka County | Minnesota | $346,500 | $1,464 |
| Warren County | New Jersey | $346,500 | $1,409 |
| Matanuska-Susitna Borough | Alaska | $346,600 | $1,299 |
| Montgomery County | Texas | $346,200 | $1,532 |
| Northumberland County | Virginia | $346,800 | $1,038 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lincoln County | $348,300 | $1,260 | 71.2% |
| Custer County | $372,100 | $1,112 | 85.6% |
| Meade County | $310,900 | $1,264 | 72.9% |
| Pennington County | $302,200 | $1,120 | 69.3% |
| Union County | $301,100 | $1,069 | 73.1% |
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).