Potter County, South Dakota Housing Market Prices
Potter 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 34% below the South Dakota median Cheaper than 70% of counties in South Dakota$61,250
-
Median rent 7% above the South Dakota median More expensive than 92% of counties in South Dakota$1,008
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Potter County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $61,250 | $92,142 | $248,835 |
| Price Trend (Annual %) | 51.6% | -1.1% | 7.5% |
| Median Gross Rent | $1,008 | $946 | $1,407 |
| Rent Trend (Annual %) | 6.7% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Potter County is about 34% lower than in South Dakota. Rent is about 7% higher 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 Potter County, up about 51.6% and 6.7% a year respectively. Home prices are changing faster.
Median rent in Potter County rose about 88.5% between 2015 and 2024, from $535 to $1,008. Over the same span, rent in South Dakota rose about 44.4%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Potter County.
Buying the median-priced home in Potter County costs roughly 5.1 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 Potter County. The price-to-rent ratio in South Dakota is about 8.1.
| Metric | Potter County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $61,250 | $92,142 | $248,835 |
| Median Household Income | $73,124 | $75,087 | $80,455 |
| Price-to-Income Ratio | 0.8 | 1.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Potter County rose about 210.1%, while median household income rose about 74.1% 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 | Potter County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.5% | 61.3% | 58.5% |
| Rental Rate | 12.6% | 28.1% | 31.2% |
| Vacancy Rate | 32.0% | 10.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Potter County has a homeownership rate of 55.5%, lower than the South Dakota average of 61.3%. Its housing vacancy rate is 32.0%, compared with 10.5% in South Dakota.
Housing Stock
| Metric | Potter County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1970 | 1980 | 1978 |
| Median Number of Rooms | 6.3 | 5.9 | 5.5 |
The typical housing unit in Potter County was built around 1970. On average, 2.2 people live in a home with about 6.3 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Potter County, South Dakota.
What is the median home price in Potter County, South Dakota?
The median home price in Potter County, South Dakota is $61,250, lower than the South Dakota average of $92,142.
What is the average home price in Potter County, South Dakota?
The typical home price in Potter County, South Dakota, reported as the median sale price, is $61,250. 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 Potter County, South Dakota?
The median gross rent in Potter County, South Dakota is $1,008 per month, higher than the South Dakota average of $946.
What was the median gross rent in Potter County in 2020?
In 2020, the median gross rent in Potter County, South Dakota was $591 per month.
What is the price-to-rent ratio in Potter County, South Dakota?
The price-to-rent ratio in Potter County, South Dakota is about 5.1, meaning it would take roughly 5.1 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 Potter County.
Are home prices or rent rising faster in Potter County, South Dakota?
Both home prices and rent are rising in Potter County, up about 51.6% and 6.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Potter County, South Dakota?
55.5% of households in Potter County, South Dakota own their home, lower than the South Dakota average of 61.3%.
What is the vacancy rate in Potter County, South Dakota?
The housing vacancy rate in Potter County, South Dakota is 32.0%, 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 →