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 | Sully County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $98,153 | $242,182 |
| Price Trend (Annual %) | — | -0.4% | 8.2% |
| Median Gross Rent | $913 | $912 | $1,342 |
| Rent Trend (Annual %) | 9.4% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
Rent follows a similar pattern, running close to the South Dakota average.
Affordability
| Metric | Sully County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | — | $98,153 | $242,182 |
| Median Household Income | $69,896 | $72,558 | $78,145 |
| Price-to-Income Ratio | — | 1.4 | 3.1 |
Occupancy & Tenure
| Metric | Sully County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.3% | 61.2% | 58.2% |
| Rental Rate | 16.4% | 27.9% | 31.3% |
| Vacancy Rate | 31.3% | 10.9% | 10.6% |
| Median Tenure (years) | 21.0 | 15.0 | 15.0 |
| Median Year Moved In | 2005 | 2011 | 2011 |
Sully County has a homeownership rate of 52.3%, lower than the South Dakota average of 61.2%. Its housing vacancy rate is 31.3%, compared with 10.9% in South Dakota.
Housing Stock
| Metric | Sully County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 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 Sully County was built around 1975. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 21.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sully County, South Dakota.
What is the median rent in Sully County, South Dakota?
The median gross rent in Sully County, South Dakota is $913 per month, about the same as the South Dakota average.
What was the median gross rent in Sully County in 2020?
In 2020, the median gross rent in Sully County, South Dakota was $547 per month.
What is the homeownership rate in Sully County, South Dakota?
52.3% of households in Sully County, South Dakota own their home, lower than the South Dakota average of 61.2%.
What is the vacancy rate in Sully County, South Dakota?
The housing vacancy rate in Sully County, South Dakota is 31.3%, higher than the South Dakota average of 10.9%.