Harding County, South Dakota Housing Market Prices
Harding 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 94% below the South Dakota median Cheapest county in South Dakota$5,555
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Median rent 45% below the South Dakota median Among the top 3 cheapest counties in South Dakota$520
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Harding County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $5,555 | $92,142 | $248,835 |
| Price Trend (Annual %) | — | -1.1% | 7.5% |
| Median Gross Rent | $520 | $946 | $1,407 |
| Rent Trend (Annual %) | 0.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Harding County is about 94% lower than in South Dakota. Rent is about 45% lower than the South Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2020
Median Rent Prices, 2015-2024
Median rent in Harding County rose about 7.8% between 2015 and 2024, from $483 to $520. Over the same span, rent in South Dakota rose about 44.4%.
Affordability
On average, housing unit costs 0.1 yearly household incomes in Harding County.
Buying the median-priced home in Harding County costs roughly 0.9 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 Harding County. The price-to-rent ratio in South Dakota is about 8.1.
| Metric | Harding County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $5,555 | $92,142 | $248,835 |
| Median Household Income | $80,729 | $75,087 | $80,455 |
| Price-to-Income Ratio | 0.1 | 1.2 | 3.1 |
Home Prices vs Income Over Time
Occupancy & Tenure
| Metric | Harding County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.4% | 61.3% | 58.5% |
| Rental Rate | 17.0% | 28.1% | 31.2% |
| Vacancy Rate | 27.6% | 10.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Harding County has a homeownership rate of 55.4%, lower than the South Dakota average of 61.3%. Its housing vacancy rate is 27.6%, compared with 10.5% in South Dakota.
Housing Stock
| Metric | Harding County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1976 | 1980 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Harding County was built around 1976. On average, 2.2 people live in a home with about 6.2 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Harding County, South Dakota.
What is the median home price in Harding County, South Dakota?
The median home price in Harding County, South Dakota is $5,555, lower than the South Dakota average of $92,142.
What is the average home price in Harding County, South Dakota?
The typical home price in Harding County, South Dakota, reported as the median sale price, is $5,555. 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 Harding County, South Dakota?
The median gross rent in Harding County, South Dakota is $520 per month, lower than the South Dakota average of $946.
What was the median gross rent in Harding County in 2020?
In 2020, the median gross rent in Harding County, South Dakota was $415 per month.
What is the price-to-rent ratio in Harding County, South Dakota?
The price-to-rent ratio in Harding County, South Dakota is about 0.9, meaning it would take roughly 0.9 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 Harding County.
What is the homeownership rate in Harding County, South Dakota?
55.4% of households in Harding County, South Dakota own their home, lower than the South Dakota average of 61.3%.
What is the vacancy rate in Harding County, South Dakota?
The housing vacancy rate in Harding County, South Dakota is 27.6%, higher than the South Dakota average of 10.5%.
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