Lyman County, South Dakota Housing Market
In Lyman County, South Dakota, the median home value is $165,800, with a median monthly rent of $651. This places Lyman County at #1890 nationally out of 3134 counties by median home value, and #35 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: $693
- Establishments: 113
- BLS QCEW, 2025
Housing Supply
- Single-family: 7
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,296 (avg $62,841)
- Outflow: 1,259 (avg $63,269)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Lyman County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 57532 | 254.0 | -6.02% | 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.
How Lyman County Compares
| Metric | Lyman County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $165,800 | $181,021 | $227,706 |
| Median Gross Rent | $651 | $784 | $968 |
| Owner Occupancy Rate | 69.9% | 72.6% | 73.3% |
| Price/Rent Ratio | 21.2 | 19.0 | 18.7 |
Market Analysis
The median home value in Lyman County is 8.4% below the South Dakota state average and 27.2% below the U.S. national average. The median rent of $651/month is 17.0% below the state average.
With a price-to-rent ratio of 21.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Lyman County has an owner-occupancy rate of 69.9%, 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 |
|---|---|---|---|
| Russell County | Alabama | $165,700 | $939 |
| Lincoln County | Georgia | $165,900 | $786 |
| Adair County | Missouri | $165,700 | $772 |
| Prairie County | Montana | $165,700 | $627 |
| Chase County | Nebraska | $165,900 | $800 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Harding County | $166,100 | $521 | 76.5% |
| Douglas County | $166,900 | $877 | 76.7% |
| Haakon County | $164,200 | $584 | 79.2% |
| Edmunds County | $163,300 | $992 | 81.1% |
| Hutchinson County | $163,000 | $727 | 77.3% |
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).