Sanborn County, South Dakota Housing Market
In Sanborn County, South Dakota, the median home value is $135,600, with a median monthly rent of $725. This places Sanborn County at #2427 nationally out of 3134 counties by median home value, and #51 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: $923
- Establishments: 72
- BLS QCEW, 2025
Housing Supply
- Single-family: 17
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 936 (avg $64,052)
- Outflow: 900 (avg $64,876)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Sanborn County Compares
| Metric | Sanborn County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $135,600 | $181,021 | $227,706 |
| Median Gross Rent | $725 | $784 | $968 |
| Owner Occupancy Rate | 78.6% | 72.6% | 73.3% |
| Price/Rent Ratio | 15.6 | 19.0 | 18.7 |
Market Analysis
The median home value in Sanborn County is 25.1% below the South Dakota state average and 40.4% below the U.S. national average. The median rent of $725/month is 7.5% below the state average.
With a price-to-rent ratio of 15.6, the buy-vs-rent decision in Sanborn County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Sanborn County has an owner-occupancy rate of 78.6%, 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 |
|---|---|---|---|
| Aleutians East Borough | Alaska | $135,500 | $979 |
| Van Buren County | Arkansas | $135,700 | $722 |
| Wayne County | Kentucky | $135,700 | $727 |
| Le Flore County | Oklahoma | $135,700 | $798 |
| Chambers County | Alabama | $135,800 | $871 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Walworth County | $136,600 | $926 | 76.2% |
| Bon Homme County | $134,100 | $646 | 80.5% |
| Tripp County | $132,900 | $820 | 68.4% |
| Jones County | $139,600 | $543 | 76.3% |
| Gregory County | $139,900 | $614 | 76.7% |
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).