Union County, South Dakota Housing Market
In Union County, South Dakota, the median home value is $301,100, with a median monthly rent of $1,069. This places Union County at #619 nationally out of 3134 counties by median home value, and #6 within South Dakota.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,495
- Establishments: 856
- BLS QCEW, 2025
Housing Supply
- Single-family: 47
- Multi-family: 230
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,401 (avg $189,522)
- Outflow: 6,762 (avg $198,049)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Union County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 57025 | 294.9 | +32.73% | 2025 |
| 2 | 57049 | 227.9 | -3.19% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Union County Compares
| Metric | Union County | South Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $301,100 | $181,021 | $227,706 |
| Median Gross Rent | $1,069 | $784 | $968 |
| Owner Occupancy Rate | 73.1% | 72.6% | 73.3% |
| Price/Rent Ratio | 23.5 | 19.0 | 18.7 |
Market Analysis
The median home value in Union County is 66.3% above the South Dakota state average and 32.2% above the U.S. national average. The median rent of $1,069/month is 36.4% above the state average.
With a price-to-rent ratio of 23.5, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Union County has an owner-occupancy rate of 73.1%, 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 |
|---|---|---|---|
| Lancaster County | Pennsylvania | $301,100 | $1,357 |
| Pasco County | Florida | $300,900 | $1,505 |
| Glynn County | Georgia | $301,300 | $1,135 |
| Elko County | Nevada | $301,400 | $1,164 |
| Bannock County | Idaho | $300,700 | $960 |
Other Counties in South Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Pennington County | $302,200 | $1,120 | 69.3% |
| Meade County | $310,900 | $1,264 | 72.9% |
| Minnehaha County | $287,600 | $978 | 63.1% |
| Brookings County | $264,600 | $901 | 57.2% |
| Lawrence County | $346,500 | $938 | 65.1% |
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).