Corson County, South Dakota Housing Market Prices
Corson County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 68% below the South Dakota median Cheaper than 85% of counties in South Dakota$29,166
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Median rent 48% below the South Dakota median Among the top 3 cheapest counties in South Dakota$495
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Corson County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $29,166 | $92,142 | $248,835 |
| Price Trend (Annual %) | 5.9% | -1.1% | 7.5% |
| Median Gross Rent | $495 | $946 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Corson County is about 68% lower than in South Dakota. Rent is about 48% lower than the South Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2018
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Corson County, up about 5.9% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Corson County rose about 21.4% between 2015 and 2024, from $408 to $495. Over the same span, rent in South Dakota rose about 44.4%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Corson County.
Buying the median-priced home in Corson County costs roughly 4.9 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 Corson County. The price-to-rent ratio in South Dakota is about 8.1.
| Metric | Corson County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $29,166 | $92,142 | $248,835 |
| Median Household Income | $46,956 | $75,087 | $80,455 |
| Price-to-Income Ratio | 0.6 | 1.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2018, the median home price in Corson County rose about 45.8%, while median household income rose about 45.7% between 2009 and 2025 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Corson County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.1% | 61.3% | 58.5% |
| Rental Rate | 33.9% | 28.1% | 31.2% |
| Vacancy Rate | 17.0% | 10.5% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Corson County has a homeownership rate of 49.1%, lower than the South Dakota average of 61.3%. Its housing vacancy rate is 17.0%, compared with 10.5% in South Dakota.
Housing Stock
| Metric | Corson County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.38 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1972 | 1980 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Corson County was built around 1972. On average, 3.4 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Corson County, SD Housing Compared With Nearby Counties
How Corson County, SD compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Corson County, SD | 3,806 | $29,166 #1/2 | $495 #2/2 | 59.1% #2/2 |
| Morton County, ND | 33,777 | $22,250 | $1,076 | 74.2% |
Frequently Asked Questions
Common questions about the housing market in Corson County, South Dakota.
What is the median home price in Corson County, South Dakota?
The median home price in Corson County, South Dakota is $29,166, lower than the South Dakota average of $92,142.
What is the average home price in Corson County, South Dakota?
The typical home price in Corson County, South Dakota, reported as the median sale price, is $29,166. 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 Corson County, South Dakota?
The median gross rent in Corson County, South Dakota is $495 per month, lower than the South Dakota average of $946.
What was the median gross rent in Corson County in 2020?
In 2020, the median gross rent in Corson County, South Dakota was $480 per month.
What is the price-to-rent ratio in Corson County, South Dakota?
The price-to-rent ratio in Corson County, South Dakota is about 4.9, meaning it would take roughly 4.9 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 Corson County.
Are home prices or rent rising faster in Corson County, South Dakota?
Both home prices and rent are rising in Corson County, up about 5.9% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Corson County, South Dakota?
49.1% of households in Corson County, South Dakota own their home, lower than the South Dakota average of 61.3%.
What is the vacancy rate in Corson County, South Dakota?
The housing vacancy rate in Corson County, South Dakota is 17.0%, higher than the South Dakota average of 10.5%.
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