Marshall County, South Dakota Housing Market Prices
Marshall 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 129% above the South Dakota median More expensive than 83% of counties in South Dakota$211,363
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Median rent 20% below the South Dakota median$752
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Marshall County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $211,363 | $92,142 | $248,835 |
| Price Trend (Annual %) | 19.4% | -1.1% | 7.5% |
| Median Gross Rent | $752 | $946 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marshall County is about 129% higher than in South Dakota. Rent is about 20% 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 Marshall County, up about 19.4% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Marshall County rose about 56.8% between 2015 and 2024, from $480 to $752. Over the same span, rent in South Dakota rose about 44.4%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Marshall County.
Buying the median-priced home in Marshall County costs roughly 23.4 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 Marshall County. The price-to-rent ratio in South Dakota is about 8.1.
| Metric | Marshall County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $211,363 | $92,142 | $248,835 |
| Median Household Income | $77,408 | $75,087 | $80,455 |
| Price-to-Income Ratio | 2.7 | 1.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Marshall County rose about 65.4%, while median household income rose about 77.4% 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 | Marshall County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.4% | 61.3% | 58.5% |
| Rental Rate | 13.3% | 28.1% | 31.2% |
| Vacancy Rate | 32.2% | 10.5% | 10.2% |
| Median Tenure (years) | 21.0 | 15.0 | 15.0 |
| Median Year Moved In | 2005 | 2011 | 2011 |
Marshall County has a homeownership rate of 54.4%, lower than the South Dakota average of 61.3%. Its housing vacancy rate is 32.2%, compared with 10.5% in South Dakota.
Housing Stock
| Metric | Marshall County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1966 | 1980 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Marshall County was built around 1966. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 21.0 years on average.
Marshall County, SD Housing Compared With Nearby Counties
How Marshall County, SD compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Marshall County, SD | 4,344 | $211,363 #1/2 | $752 #2/2 | 80.3% #1/2 |
| Brown County, SD | 37,877 | $62,333 | $777 | 67.6% |
Frequently Asked Questions
Common questions about the housing market in Marshall County, South Dakota.
What is the median home price in Marshall County, South Dakota?
The median home price in Marshall County, South Dakota is $211,363, higher than the South Dakota average of $92,142.
What is the average home price in Marshall County, South Dakota?
The typical home price in Marshall County, South Dakota, reported as the median sale price, is $211,363. 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 Marshall County, South Dakota?
The median gross rent in Marshall County, South Dakota is $752 per month, lower than the South Dakota average of $946.
What was the median gross rent in Marshall County in 2020?
In 2020, the median gross rent in Marshall County, South Dakota was $641 per month.
What is the price-to-rent ratio in Marshall County, South Dakota?
The price-to-rent ratio in Marshall County, South Dakota is about 23.4, meaning it would take roughly 23.4 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 Marshall County.
Are home prices or rent rising faster in Marshall County, South Dakota?
Both home prices and rent are rising in Marshall County, up about 19.4% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marshall County, South Dakota?
54.4% of households in Marshall County, South Dakota own their home, lower than the South Dakota average of 61.3%.
What is the vacancy rate in Marshall County, South Dakota?
The housing vacancy rate in Marshall County, South Dakota is 32.2%, higher than the South Dakota average of 10.5%.
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