Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Brule County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,062 | $98,153 | $242,182 |
| Price Trend (Annual %) | 13.0% | -0.4% | 8.2% |
| Median Gross Rent | $699 | $912 | $1,342 |
| Rent Trend (Annual %) | 3.5% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Brule County is about 60% lower than in South Dakota. Rent is about 23% lower than the South Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Brule County, up about 13.0% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Brule County rose about 20.2% between 2015 and 2023, from $581 to $699. Over the same span, rent in South Dakota rose about 39.2%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Brule County.
Buying the median-priced home in Brule County costs roughly 4.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Brule County. The price-to-rent ratio in South Dakota is about 9.0.
| Metric | Brule County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $39,062 | $98,153 | $242,182 |
| Median Household Income | $73,491 | $72,558 | $78,145 |
| Price-to-Income Ratio | 0.5 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Brule County rose about 95.3%, while median household income rose about 65.2% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Brule County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.1% | 61.2% | 58.2% |
| Rental Rate | 22.4% | 27.9% | 31.3% |
| Vacancy Rate | 18.5% | 10.9% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Brule County has a homeownership rate of 59.1%, lower than the South Dakota average of 61.2%. Its housing vacancy rate is 18.5%, compared with 10.9% in South Dakota.
Housing Stock
| Metric | Brule County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.54 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1969 | 1978 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Brule County was built around 1969. On average, 2.5 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Brule County, South Dakota.
What is the median home price in Brule County, South Dakota?
The median home price in Brule County, South Dakota is $39,062, lower than the South Dakota average of $98,153.
What is the average home price in Brule County, South Dakota?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Brule County, South Dakota?
The median gross rent in Brule County, South Dakota is $699 per month, lower than the South Dakota average of $912.
What was the median gross rent in Brule County in 2020?
In 2020, the median gross rent in Brule County, South Dakota was $681 per month.
What is the price-to-rent ratio in Brule County, South Dakota?
The price-to-rent ratio in Brule County, South Dakota is about 4.7, meaning it would take roughly 4.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Brule County.
Are home prices or rent rising faster in Brule County, South Dakota?
Both home prices and rent are rising in Brule County, up about 13.0% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Brule County, South Dakota?
59.1% of households in Brule County, South Dakota own their home, lower than the South Dakota average of 61.2%.
What is the vacancy rate in Brule County, South Dakota?
The housing vacancy rate in Brule County, South Dakota is 18.5%, higher than the South Dakota average of 10.9%.