Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Mellette County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $98,153 | $242,182 |
| Price Trend (Annual %) | — | -0.4% | 8.2% |
| Median Gross Rent | $736 | $912 | $1,342 |
| Rent Trend (Annual %) | 9.5% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Rent is about 19% lower than the South Dakota average.
Affordability
| Metric | Mellette County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $98,153 | $242,182 |
| Median Household Income | $51,263 | $72,558 | $78,145 |
| Price-to-Income Ratio | — | 1.4 | 3.1 |
Occupancy & Tenure
| Metric | Mellette County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 47.4% | 61.2% | 58.2% |
| Rental Rate | 31.7% | 27.9% | 31.3% |
| Vacancy Rate | 20.9% | 10.9% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Mellette County has a homeownership rate of 47.4%, lower than the South Dakota average of 61.2%. Its housing vacancy rate is 20.9%, compared with 10.9% in South Dakota.
Housing Stock
| Metric | Mellette County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.24 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1975 | 1978 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Mellette County was built around 1975. On average, 3.2 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Mellette County, South Dakota.
What is the median rent in Mellette County, South Dakota?
The median gross rent in Mellette County, South Dakota is $736 per month, lower than the South Dakota average of $912.
What was the median gross rent in Mellette County in 2020?
In 2020, the median gross rent in Mellette County, South Dakota was $535 per month.
What is the homeownership rate in Mellette County, South Dakota?
47.4% of households in Mellette County, South Dakota own their home, lower than the South Dakota average of 61.2%.
What is the vacancy rate in Mellette County, South Dakota?
The housing vacancy rate in Mellette County, South Dakota is 20.9%, higher than the South Dakota average of 10.9%.