Miner County, South Dakota Housing Market Prices
Miner 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 6% below the South Dakota median$86,249
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Median rent 32% below the South Dakota median Cheaper than 78% of counties in South Dakota$643
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Miner County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,249 | $92,142 | $248,835 |
| Price Trend (Annual %) | 8.3% | -1.1% | 7.5% |
| Median Gross Rent | $643 | $946 | $1,407 |
| Rent Trend (Annual %) | 3.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Miner County is about 6% lower than in South Dakota. Rent is about 32% lower than the South Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Miner County, up about 8.3% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Miner County rose about 35.2% between 2015 and 2024, from $476 to $643. Over the same span, rent in South Dakota rose about 44.4%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Miner County.
Buying the median-priced home in Miner County costs roughly 11.2 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 Miner County. The price-to-rent ratio in South Dakota is about 8.1.
| Metric | Miner County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,249 | $92,142 | $248,835 |
| Median Household Income | $78,591 | $75,087 | $80,455 |
| Price-to-Income Ratio | 1.1 | 1.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Miner County rose about 66.1%, while median household income rose about 58.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Miner County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.9% | 61.3% | 58.5% |
| Rental Rate | 12.0% | 28.1% | 31.2% |
| Vacancy Rate | 21.0% | 10.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Miner County has a homeownership rate of 66.9%, higher than the South Dakota average of 61.3%. Its housing vacancy rate is 21.0%, compared with 10.5% in South Dakota.
Housing Stock
| Metric | Miner County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1958 | 1980 | 1978 |
| Median Number of Rooms | 6.7 | 5.9 | 5.5 |
The typical housing unit in Miner County was built around 1958. On average, 2.4 people live in a home with about 6.7 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Miner County, South Dakota.
What is the median home price in Miner County, South Dakota?
The median home price in Miner County, South Dakota is $86,249, lower than the South Dakota average of $92,142.
What is the average home price in Miner County, South Dakota?
The typical home price in Miner County, South Dakota, reported as the median sale price, is $86,249. 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 Miner County, South Dakota?
The median gross rent in Miner County, South Dakota is $643 per month, lower than the South Dakota average of $946.
What was the median gross rent in Miner County in 2020?
In 2020, the median gross rent in Miner County, South Dakota was $575 per month.
What is the price-to-rent ratio in Miner County, South Dakota?
The price-to-rent ratio in Miner County, South Dakota is about 11.2, meaning it would take roughly 11.2 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 Miner County.
Are home prices or rent rising faster in Miner County, South Dakota?
Both home prices and rent are rising in Miner County, up about 8.3% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Miner County, South Dakota?
66.9% of households in Miner County, South Dakota own their home, higher than the South Dakota average of 61.3%.
What is the vacancy rate in Miner County, South Dakota?
The housing vacancy rate in Miner County, South Dakota is 21.0%, higher than the South Dakota average of 10.5%.
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