Sully County, South Dakota Housing Market

In Sully County, South Dakota, the median home value is $205,400, with a median monthly rent of $842. This places Sully County at #1352 nationally out of 3134 counties by median home value, and #23 within South Dakota.

Median Home Value $205,400
Median Rent $842/mo
Owner Occupancy 72.8%
Price/Rent Ratio 20.3

📈 Price Trend (2017 → 2024)

ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.

📍 Economic Snapshot

💼

Employment & Wages

586
jobs (private sector)
  • Avg weekly wage: $1,131
  • Establishments: 86
  • BLS QCEW, 2025
🏗️

Housing Supply

9
new units authorized (2025)
  • Single-family: 9
  • Multi-family: 0
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+30
net migration (filers, 2021-2022)
  • Inflow: 601 (avg $91,674)
  • Outflow: 571 (avg $92,702)
  • IRS Statistics of Income

How Sully County Compares

MetricSully CountySouth Dakota AverageU.S. Average
Median Home Value $205,400 $181,021 $227,706
Median Gross Rent $842 $784 $968
Owner Occupancy Rate 72.8% 72.6% 73.3%
Price/Rent Ratio 20.3 19.0 18.7

Market Analysis

The median home value in Sully County is 13.5% above the South Dakota state average and 9.8% below the U.S. national average. The median rent of $842/month is 7.4% above the state average.

With a price-to-rent ratio of 20.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Sully County has an owner-occupancy rate of 72.8%, 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

CountyStateMedian Home ValueMedian Rent
Banner County Nebraska $205,700 $975
Hardin County Texas $205,700 $1,049
Hemphill County Texas $205,700 $836
Clark County Kentucky $205,800 $938
Polk County Missouri $205,800 $814

Other Counties in South Dakota

CountyMedian Home ValueMedian RentOwner Occ.
Davison County $205,800 $847 61.5%
Deuel County $205,900 $642 82.8%
Stanley County $203,500 $952 83.1%
Hamlin County $208,600 $800 82.0%
Brule County $216,800 $835 76.4%

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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).