Tripp County, South Dakota Housing Market
In Tripp County, South Dakota, the median home value is $132,900, with a median monthly rent of $820. This places Tripp County at #2458 nationally out of 3134 counties by median home value, and #53 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: $1,015
- Establishments: 238
- BLS QCEW, 2025
Housing Supply
- Single-family: 1
- Multi-family: 10
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,224 (avg $62,785)
- Outflow: 2,104 (avg $63,996)
- IRS Statistics of Income
How Tripp County Compares
| Metric | Tripp County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $132,900 | $181,021 | $227,706 |
| Median Gross Rent | $820 | $784 | $968 |
| Owner Occupancy Rate | 68.4% | 72.6% | 73.3% |
| Price/Rent Ratio | 13.5 | 19.0 | 18.7 |
Market Analysis
The median home value in Tripp County is 26.6% below the South Dakota state average and 41.6% below the U.S. national average. The median rent of $820/month is 4.6% above the state average.
With a price-to-rent ratio of 13.5, buying a home in Tripp 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.
Tripp County has an owner-occupancy rate of 68.4%, 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 |
|---|---|---|---|
| Carter County | Kentucky | $132,800 | $740 |
| Walsh County | North Dakota | $132,700 | $748 |
| Crawford County | Kansas | $132,600 | $849 |
| Reno County | Kansas | $132,500 | $863 |
| Lauderdale County | Mississippi | $133,300 | $953 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Bon Homme County | $134,100 | $646 | 80.5% |
| Sanborn County | $135,600 | $725 | 78.6% |
| Walworth County | $136,600 | $926 | 76.2% |
| 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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).