Haakon County, South Dakota Housing Market Prices
Haakon 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.
-
Median home price 280% above the South Dakota median Among the 5 most expensive counties in South Dakota$349,999
-
Median rent 38% below the South Dakota median Cheaper than 91% of counties in South Dakota$583
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Haakon County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $349,999 | $92,142 | $248,835 |
| Price Trend (Annual %) | 160.8% | -1.1% | 7.5% |
| Median Gross Rent | $583 | $946 | $1,407 |
| Rent Trend (Annual %) | 0.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Haakon County is about 280% higher than in South Dakota. Rent is about 38% lower than the South Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Haakon County, up about 160.8% and 0.1% a year respectively. Home prices are changing faster.
Median rent in Haakon County fell about 4.9% between 2015 and 2024, from $614 to $583. Over the same span, rent in South Dakota rose about 44.4%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Haakon County.
Buying the median-priced home in Haakon County costs roughly 50.0 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 Haakon County. The price-to-rent ratio in South Dakota is about 8.1.
| Metric | Haakon County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $349,999 | $92,142 | $248,835 |
| Median Household Income | $66,445 | $75,087 | $80,455 |
| Price-to-Income Ratio | 5.3 | 1.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Haakon County rose about 2645.2%, while median household income rose about 15.1% 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 | Haakon County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.8% | 61.3% | 58.5% |
| Rental Rate | 16.0% | 28.1% | 31.2% |
| Vacancy Rate | 23.2% | 10.5% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Haakon County has a homeownership rate of 60.8%, lower than the South Dakota average of 61.3%. Its housing vacancy rate is 23.2%, compared with 10.5% in South Dakota.
Housing Stock
| Metric | Haakon County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1978 | 1980 | 1978 |
| Median Number of Rooms | 6.3 | 5.9 | 5.5 |
The typical housing unit in Haakon County was built around 1978. On average, 2.4 people live in a home with about 6.3 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Haakon County, South Dakota.
What is the median home price in Haakon County, South Dakota?
The median home price in Haakon County, South Dakota is $349,999, higher than the South Dakota average of $92,142.
What is the average home price in Haakon County, South Dakota?
The typical home price in Haakon County, South Dakota, reported as the median sale price, is $349,999. 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 Haakon County, South Dakota?
The median gross rent in Haakon County, South Dakota is $583 per month, lower than the South Dakota average of $946.
What was the median gross rent in Haakon County in 2020?
In 2020, the median gross rent in Haakon County, South Dakota was $701 per month.
What is the price-to-rent ratio in Haakon County, South Dakota?
The price-to-rent ratio in Haakon County, South Dakota is about 50.0, meaning it would take roughly 50.0 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 Haakon County.
Are home prices or rent rising faster in Haakon County, South Dakota?
Both home prices and rent are rising in Haakon County, up about 160.8% and 0.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Haakon County, South Dakota?
60.8% of households in Haakon County, South Dakota own their home, lower than the South Dakota average of 61.3%.
What is the vacancy rate in Haakon County, South Dakota?
The housing vacancy rate in Haakon County, South Dakota is 23.2%, higher than the South Dakota average of 10.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →