Spink County, South Dakota Housing Market
In Spink County, South Dakota, the median home value is $123,300, with a median monthly rent of $734. This places Spink County at #2576 nationally out of 3134 counties by median home value, and #54 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: $1,028
- Establishments: 222
- BLS QCEW, 2025
Housing Supply
- Single-family: 5
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,517 (avg $82,774)
- Outflow: 2,395 (avg $83,701)
- IRS Statistics of Income
How Spink County Compares
| Metric | Spink County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $123,300 | $181,021 | $227,706 |
| Median Gross Rent | $734 | $784 | $968 |
| Owner Occupancy Rate | 72.7% | 72.6% | 73.3% |
| Price/Rent Ratio | 14.0 | 19.0 | 18.7 |
Market Analysis
The median home value in Spink County is 31.9% below the South Dakota state average and 45.9% below the U.S. national average. The median rent of $734/month is 6.4% below the state average.
With a price-to-rent ratio of 14.0, buying a home in Spink 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.
Spink County has an owner-occupancy rate of 72.7%, 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 |
|---|---|---|---|
| Linn County | Missouri | $123,300 | $620 |
| Ottawa County | Oklahoma | $123,300 | $788 |
| Choctaw County | Alabama | $123,400 | $543 |
| Palo Alto County | Iowa | $123,200 | $638 |
| Elliott County | Kentucky | $123,500 | $432 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Potter County | $121,300 | $1,008 | 81.5% |
| 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).