Perkins County, South Dakota Housing Market
In Perkins County, South Dakota, the median home value is $114,600, with a median monthly rent of $738. This places Perkins County at #2728 nationally out of 3134 counties by median home value, and #59 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: $869
- Establishments: 123
- BLS QCEW, 2025
Migration Patterns
- Inflow: 1,134 (avg $54,935)
- Outflow: 1,107 (avg $55,223)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Perkins County Compares
| Metric | Perkins County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $114,600 | $181,021 | $227,706 |
| Median Gross Rent | $738 | $784 | $968 |
| Owner Occupancy Rate | 78.4% | 72.6% | 73.3% |
| Price/Rent Ratio | 12.9 | 19.0 | 18.7 |
Market Analysis
The median home value in Perkins County is 36.7% below the South Dakota state average and 49.7% below the U.S. national average. The median rent of $738/month is 5.9% below the state average.
With a price-to-rent ratio of 12.9, buying a home in Perkins County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Perkins County has an owner-occupancy rate of 78.4%, 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 |
|---|---|---|---|
| Taylor County | Florida | $114,600 | $988 |
| Van Buren County | Iowa | $114,600 | $622 |
| Pratt County | Kansas | $114,600 | $802 |
| Thurston County | Nebraska | $114,600 | $699 |
| Carroll County | Illinois | $114,500 | $818 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Campbell County | $115,900 | $760 | 76.3% |
| Jackson County | $117,300 | $442 | 67.3% |
| Buffalo County | $117,800 | $540 | 52.6% |
| Potter County | $121,300 | $1,008 | 81.5% |
| Spink County | $123,300 | $734 | 72.7% |
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).