Sanborn County, South Dakota Housing Market Prices
Sanborn 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 73% below the South Dakota median Cheaper than 88% of counties in South Dakota$24,642
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Median rent 23% below the South Dakota median$724
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sanborn County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,642 | $92,142 | $248,835 |
| Price Trend (Annual %) | 218.4% | -1.1% | 7.5% |
| Median Gross Rent | $724 | $946 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sanborn County is about 73% lower than in South Dakota. Rent is about 23% lower than the South Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2021
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sanborn County, up about 218.4% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Sanborn County rose about 43.2% between 2015 and 2024, from $506 to $725. Over the same span, rent in South Dakota rose about 44.4%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Sanborn County.
Buying the median-priced home in Sanborn County costs roughly 2.8 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 Sanborn County. The price-to-rent ratio in South Dakota is about 8.1.
| Metric | Sanborn County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $24,642 | $92,142 | $248,835 |
| Median Household Income | $78,104 | $75,087 | $80,455 |
| Price-to-Income Ratio | 0.3 | 1.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2021, the median home price in Sanborn County fell about 42.7%, while median household income rose about 68.7% 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 | Sanborn County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.7% | 61.3% | 58.5% |
| Rental Rate | 17.3% | 28.1% | 31.2% |
| Vacancy Rate | 19.0% | 10.5% | 10.2% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Sanborn County has a homeownership rate of 63.7%, higher than the South Dakota average of 61.3%. Its housing vacancy rate is 19.0%, compared with 10.5% in South Dakota.
Housing Stock
| Metric | Sanborn County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1968 | 1980 | 1978 |
| Median Number of Rooms | 6.2 | 5.9 | 5.5 |
The typical housing unit in Sanborn County was built around 1968. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 20.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sanborn County, South Dakota.
What is the median home price in Sanborn County, South Dakota?
The median home price in Sanborn County, South Dakota is $24,642, lower than the South Dakota average of $92,142.
What is the average home price in Sanborn County, South Dakota?
The typical home price in Sanborn County, South Dakota, reported as the median sale price, is $24,642. 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 Sanborn County, South Dakota?
The median gross rent in Sanborn County, South Dakota is $725 per month, lower than the South Dakota average of $946.
What was the median gross rent in Sanborn County in 2020?
In 2020, the median gross rent in Sanborn County, South Dakota was $498 per month.
What is the price-to-rent ratio in Sanborn County, South Dakota?
The price-to-rent ratio in Sanborn County, South Dakota is about 2.8, meaning it would take roughly 2.8 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 Sanborn County.
Are home prices or rent rising faster in Sanborn County, South Dakota?
Both home prices and rent are rising in Sanborn County, up about 218.4% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sanborn County, South Dakota?
63.7% of households in Sanborn County, South Dakota own their home, higher than the South Dakota average of 61.3%.
What is the vacancy rate in Sanborn County, South Dakota?
The housing vacancy rate in Sanborn County, South Dakota is 19.0%, higher than the South Dakota average of 10.5%.
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