Custer County, South Dakota Housing Market Prices
Custer 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 499% above the South Dakota median Among the 3 most expensive counties in South Dakota$552,324
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Median rent 18% above the South Dakota median Among the 5 most expensive counties in South Dakota$1,112
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Custer County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $552,324 | $92,142 | $248,835 |
| Price Trend (Annual %) | 47.3% | -1.1% | 7.5% |
| Median Gross Rent | $1,112 | $946 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Custer County is about 499% higher than in South Dakota. Rent is about 18% higher than the South Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Custer County, up about 47.3% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Custer County rose about 39.7% between 2015 and 2024, from $795 to $1,112. Over the same span, rent in South Dakota rose about 44.4%.
Affordability
On average, housing unit costs 6.6 yearly household incomes in Custer County.
Buying the median-priced home in Custer County costs roughly 41.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Custer County. The price-to-rent ratio in South Dakota is about 8.1.
| Metric | Custer County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $552,324 | $92,142 | $248,835 |
| Median Household Income | $83,495 | $75,087 | $80,455 |
| Price-to-Income Ratio | 6.6 | 1.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Custer County rose about 261.4%, while median household income rose about 72.4% between 2009 and 2025 — 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 | Custer County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.0% | 61.3% | 58.5% |
| Rental Rate | 12.1% | 28.1% | 31.2% |
| Vacancy Rate | 15.9% | 10.5% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Custer County has a homeownership rate of 72.0%, higher than the South Dakota average of 61.3%. Its housing vacancy rate is 15.9%, compared with 10.5% in South Dakota.
Housing Stock
| Metric | Custer County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.94 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1985 | 1980 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Custer County was built around 1985. On average, 1.9 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Custer County, SD Housing Compared With Nearby Counties
How Custer County, SD compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Custer County, SD | 8,892 | $552,324 #1/2 | $1,112 #2/2 | 85.6% #1/2 |
| Pennington County, SD | 113,512 | $239,422 | $1,119 | 69.3% |
Frequently Asked Questions
Common questions about the housing market in Custer County, South Dakota.
What is the median home price in Custer County, South Dakota?
The median home price in Custer County, South Dakota is $552,324, higher than the South Dakota average of $92,142.
What is the average home price in Custer County, South Dakota?
The typical home price in Custer County, South Dakota, reported as the median sale price, is $552,324. 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 Custer County, South Dakota?
The median gross rent in Custer County, South Dakota is $1,112 per month, higher than the South Dakota average of $946.
What was the median gross rent in Custer County in 2020?
In 2020, the median gross rent in Custer County, South Dakota was $973 per month.
What is the price-to-rent ratio in Custer County, South Dakota?
The price-to-rent ratio in Custer County, South Dakota is about 41.4, meaning it would take roughly 41.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Custer County.
Are home prices or rent rising faster in Custer County, South Dakota?
Both home prices and rent are rising in Custer County, up about 47.3% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Custer County, South Dakota?
72.0% of households in Custer County, South Dakota own their home, higher than the South Dakota average of 61.3%.
What is the vacancy rate in Custer County, South Dakota?
The housing vacancy rate in Custer County, South Dakota is 15.9%, higher than the South Dakota average of 10.5%.
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