Housing Market Overview
| Metric |
Buffalo County |
South Dakota Avg |
US Average |
| Median Home Price |
— |
$98,153 |
$242,182 |
| Price Trend (Annual %) |
— |
-0.4% |
8.2% |
| Median Gross Rent |
$534 |
$912 |
$1,342 |
| Rent Trend (Annual %) |
3.3% |
4.4% |
5.1% |
| Household Income Trend (Annual %) |
— |
— |
— |
Affordability
| Metric |
Buffalo County |
South Dakota Avg |
US Average |
| Median Home Price |
— |
$98,153 |
$242,182 |
| Median Household Income |
$48,333 |
$72,558 |
$78,145 |
| Price-to-Income Ratio |
— |
1.4 |
3.1 |
Occupancy & Tenure
| Metric |
Buffalo County |
South Dakota Avg |
US Average |
|
Homeownership Rate
|
45.2% |
61.2% |
58.2% |
| Rental Rate |
40.7% |
27.9% |
31.3% |
| Vacancy Rate |
14.0% |
10.9% |
10.6% |
|
Median Tenure (years)
|
19.0 |
15.0 |
15.0 |
| Median Year Moved In |
2007 |
2011 |
2011 |
Housing Stock
| Metric |
Buffalo County |
South Dakota Avg |
US Average |
| Average Household Size |
3.54 people |
2.42 people |
2.54 people |
| Median Structure Built Year |
1975 |
1978 |
1978 |
| Median
Number of Rooms
|
5.2 |
5.9 |
5.5 |