Potter County, South Dakota Housing Market
In Potter County, South Dakota, the median home value is $121,300, with a median monthly rent of $1,008. This places Potter County at #2615 nationally out of 3134 counties by median home value, and #55 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: $1,036
- Establishments: 122
- BLS QCEW, 2025
Housing Supply
- Single-family: 14
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 937 (avg $101,843)
- Outflow: 908 (avg $104,083)
- IRS Statistics of Income
How Potter County Compares
| Metric | Potter County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $121,300 | $181,021 | $227,706 |
| Median Gross Rent | $1,008 | $784 | $968 |
| Owner Occupancy Rate | 81.5% | 72.6% | 73.3% |
| Price/Rent Ratio | 10.0 | 19.0 | 18.7 |
Market Analysis
The median home value in Potter County is 33.0% below the South Dakota state average and 46.7% below the U.S. national average. The median rent of $1,008/month is 28.6% above the state average.
With a price-to-rent ratio of 10.0, buying a home in Potter 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.
Potter County has an owner-occupancy rate of 81.5%, 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 |
|---|---|---|---|
| Deaf Smith County | Texas | $121,300 | $926 |
| Presidio County | Texas | $121,300 | $448 |
| Tyler County | West Virginia | $121,300 | $748 |
| Colquitt County | Georgia | $121,400 | $818 |
| Montgomery County | Iowa | $121,400 | $814 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Spink County | $123,300 | $734 | 72.7% |
| Buffalo County | $117,800 | $540 | 52.6% |
| Jackson County | $117,300 | $442 | 67.3% |
| Campbell County | $115,900 | $760 | 76.3% |
| Perkins County | $114,600 | $738 | 78.4% |
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).