Lawrence County, South Dakota Housing Market Prices
Lawrence 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 60% below the South Dakota median Cheaper than 83% of counties in South Dakota$37,034
-
Median rent 1% below the South Dakota median More expensive than 78% of counties in South Dakota$937
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lawrence County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $37,034 | $92,142 | $248,835 |
| Price Trend (Annual %) | 71.1% | -1.1% | 7.5% |
| Median Gross Rent | $937 | $946 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lawrence County is about 60% lower than in South Dakota. Rent is about 1% 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 Lawrence County, up about 71.1% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Lawrence County rose about 49.1% between 2015 and 2024, from $628 to $937. Over the same span, rent in South Dakota rose about 44.4%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Lawrence County.
Buying the median-priced home in Lawrence County costs roughly 3.3 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 Lawrence County. The price-to-rent ratio in South Dakota is about 8.1.
| Metric | Lawrence County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $37,034 | $92,142 | $248,835 |
| Median Household Income | $72,290 | $75,087 | $80,455 |
| Price-to-Income Ratio | 0.5 | 1.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lawrence County fell about 57.5%, while median household income rose about 69.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lawrence County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.9% | 61.3% | 58.5% |
| Rental Rate | 28.4% | 28.1% | 31.2% |
| Vacancy Rate | 18.8% | 10.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Lawrence County has a homeownership rate of 52.9%, lower than the South Dakota average of 61.3%. Its housing vacancy rate is 18.8%, compared with 10.5% in South Dakota.
Housing Stock
| Metric | Lawrence County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1983 | 1980 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Lawrence County was built around 1983. On average, 2.2 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Lawrence County, SD Housing Compared With Nearby Counties
How Lawrence County, SD compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lawrence County, SD | 27,233 | $37,034 #2/2 | $937 #2/2 | 65.1% #2/2 |
| Pennington County, SD | 113,512 | $239,422 | $1,119 | 69.3% |
Frequently Asked Questions
Common questions about the housing market in Lawrence County, South Dakota.
What is the median home price in Lawrence County, South Dakota?
The median home price in Lawrence County, South Dakota is $37,034, lower than the South Dakota average of $92,142.
What is the average home price in Lawrence County, South Dakota?
The typical home price in Lawrence County, South Dakota, reported as the median sale price, is $37,034. 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 Lawrence County, South Dakota?
The median gross rent in Lawrence County, South Dakota is $937 per month, lower than the South Dakota average of $946.
What was the median gross rent in Lawrence County in 2020?
In 2020, the median gross rent in Lawrence County, South Dakota was $785 per month.
What is the price-to-rent ratio in Lawrence County, South Dakota?
The price-to-rent ratio in Lawrence County, South Dakota is about 3.3, meaning it would take roughly 3.3 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 Lawrence County.
Are home prices or rent rising faster in Lawrence County, South Dakota?
Both home prices and rent are rising in Lawrence County, up about 71.1% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lawrence County, South Dakota?
52.9% of households in Lawrence County, South Dakota own their home, lower than the South Dakota average of 61.3%.
What is the vacancy rate in Lawrence County, South Dakota?
The housing vacancy rate in Lawrence County, South Dakota is 18.8%, 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 →