Walworth County, South Dakota Housing Market

In Walworth County, South Dakota, the median home value is $136,600, with a median monthly rent of $926. This places Walworth County at #2410 nationally out of 3134 counties by median home value, and #50 within South Dakota.

Median Home Value $136,600
Median Rent $926/mo
Owner Occupancy 76.2%
Price/Rent Ratio 12.3

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Walworth County fell -3.2% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

1,689
jobs (private sector)
  • Avg weekly wage: $954
  • Establishments: 230
  • BLS QCEW, 2025
🏗️

Housing Supply

7
new units authorized (2025)
  • Single-family: 7
  • Multi-family: 0
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+145
net migration (filers, 2021-2022)
  • Inflow: 2,229 (avg $78,541)
  • Outflow: 2,084 (avg $80,753)
  • IRS Statistics of Income

How Walworth County Compares

MetricWalworth CountySouth Dakota AverageU.S. Average
Median Home Value $136,600 $181,021 $227,706
Median Gross Rent $926 $784 $968
Owner Occupancy Rate 76.2% 72.6% 73.3%
Price/Rent Ratio 12.3 19.0 18.7

Market Analysis

The median home value in Walworth County is 24.5% below the South Dakota state average and 40.0% below the U.S. national average. The median rent of $926/month is 18.1% above the state average.

With a price-to-rent ratio of 12.3, buying a home in Walworth 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.

Walworth County has an owner-occupancy rate of 76.2%, 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

CountyStateMedian Home ValueMedian Rent
Escambia County Alabama $136,500 $766
Des Moines County Iowa $136,500 $904
Sherman County Kansas $136,700 $913
Seward County Kansas $136,500 $905
Barton County Missouri $136,500 $805

Other Counties in South Dakota

CountyMedian Home ValueMedian RentOwner Occ.
Sanborn County $135,600 $725 78.6%
Bon Homme County $134,100 $646 80.5%
Jones County $139,600 $543 76.3%
Gregory County $139,900 $614 76.7%
Tripp County $132,900 $820 68.4%

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).