Sully County, South Dakota Housing Market Prices

Sully 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
    N/A
  • Median rent 11% below the South Dakota median
    $841

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Sully County
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Median home price

Housing Market Overview

Metric Sully County South Dakota Avg US Average
Median Home Price — $92,142 $248,835
Price Trend (Annual %) — -1.1% 7.5%
Median Gross Rent $841 $946 $1,407
Rent Trend (Annual %) 7.2% 4.3% 5.1%
Household Income Trend (Annual %) — — —

Rent is about 11% lower than the South Dakota average.

Affordability

Metric Sully County South Dakota Avg US Average
Median Home Price — $92,142 $248,835
Median Household Income $72,742 $75,087 $80,455
Price-to-Income Ratio — 1.2 3.1

Occupancy & Tenure

Metric Sully County South Dakota Avg US Average
Homeownership Rate 49.7% 61.3% 58.5%
Rental Rate 18.5% 28.1% 31.2%
Vacancy Rate 31.8% 10.5% 10.2%
Median Tenure (years) 21.0 15.0 15.0
Median Year Moved In 2005 2011 2011

Sully County has a homeownership rate of 49.7%, lower than the South Dakota average of 61.3%. Its housing vacancy rate is 31.8%, compared with 10.5% in South Dakota.

Housing Stock

Metric Sully County South Dakota Avg US Average
Average Household Size 2.39 people 2.40 people 2.53 people
Median Structure Built Year 1981 1980 1978
Median Number of Rooms 5.7 5.9 5.5

The typical housing unit in Sully County was built around 1981. On average, 2.4 people live in a home with about 5.7 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 $841 per month, lower than the South Dakota average of $946.

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?

49.7% of households in Sully County, South Dakota own their home, lower than the South Dakota average of 61.3%.

What is the vacancy rate in Sully County, South Dakota?

The housing vacancy rate in Sully County, South Dakota is 31.8%, higher than the South Dakota average of 10.5%.

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