Mellette County, South Dakota Housing Market Prices
Mellette 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 6% below the South Dakota median$86,666
-
Median rent 25% below the South Dakota median$708
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mellette County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,666 | $92,142 | $248,835 |
| Price Trend (Annual %) | — | -1.1% | 7.5% |
| Median Gross Rent | $708 | $946 | $1,407 |
| Rent Trend (Annual %) | 7.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mellette County is about 6% lower than in South Dakota. Rent is about 25% lower than the South Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2023
Median Rent Prices, 2015-2024
Median rent in Mellette County rose about 45.9% between 2015 and 2024, from $485 to $708. Over the same span, rent in South Dakota rose about 44.4%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Mellette County.
Buying the median-priced home in Mellette County costs roughly 10.2 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 Mellette County. The price-to-rent ratio in South Dakota is about 8.1.
| Metric | Mellette County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,666 | $92,142 | $248,835 |
| Median Household Income | $52,654 | $75,087 | $80,455 |
| Price-to-Income Ratio | 1.6 | 1.2 | 3.1 |
Home Prices vs Income Over Time
Occupancy & Tenure
| Metric | Mellette County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.7% | 61.3% | 58.5% |
| Rental Rate | 32.6% | 28.1% | 31.2% |
| Vacancy Rate | 17.7% | 10.5% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Mellette County has a homeownership rate of 49.7%, lower than the South Dakota average of 61.3%. Its housing vacancy rate is 17.7%, compared with 10.5% in South Dakota.
Housing Stock
| Metric | Mellette County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.96 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1977 | 1980 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Mellette County was built around 1977. On average, 3.0 people live in a home with about 5.7 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 home price in Mellette County, South Dakota?
The median home price in Mellette County, South Dakota is $86,666, lower than the South Dakota average of $92,142.
What is the average home price in Mellette County, South Dakota?
The typical home price in Mellette County, South Dakota, reported as the median sale price, is $86,666. 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 Mellette County, South Dakota?
The median gross rent in Mellette County, South Dakota is $708 per month, lower than the South Dakota average of $946.
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 price-to-rent ratio in Mellette County, South Dakota?
The price-to-rent ratio in Mellette County, South Dakota is about 10.2, meaning it would take roughly 10.2 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 Mellette County.
What is the homeownership rate in Mellette County, South Dakota?
49.7% of households in Mellette County, South Dakota own their home, lower than the South Dakota average of 61.3%.
What is the vacancy rate in Mellette County, South Dakota?
The housing vacancy rate in Mellette County, South Dakota is 17.7%, 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 →