Tripp County, South Dakota Housing Market Prices
Tripp 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 70% below the South Dakota median Cheaper than 87% of counties in South Dakota$28,103
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Median rent 13% below the South Dakota median$820
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Tripp County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,103 | $92,142 | $248,835 |
| Price Trend (Annual %) | 52.8% | -1.1% | 7.5% |
| Median Gross Rent | $820 | $946 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Tripp County is about 70% lower than in South Dakota. Rent is about 13% lower than the South Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2017-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Tripp County, up about 52.8% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Tripp County rose about 47.2% between 2015 and 2024, from $557 to $820. Over the same span, rent in South Dakota rose about 44.4%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Tripp County.
Buying the median-priced home in Tripp County costs roughly 2.9 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 Tripp County. The price-to-rent ratio in South Dakota is about 8.1.
| Metric | Tripp County | South Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,103 | $92,142 | $248,835 |
| Median Household Income | $58,278 | $75,087 | $80,455 |
| Price-to-Income Ratio | 0.5 | 1.2 | 3.1 |
Home Prices vs Income Over Time
Between 2017 and 2024, the median home price in Tripp County fell about 4.3%, while median household income rose about 44.6% 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 | Tripp County | South Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.9% | 61.3% | 58.5% |
| Rental Rate | 25.8% | 28.1% | 31.2% |
| Vacancy Rate | 18.2% | 10.5% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Tripp County has a homeownership rate of 55.9%, lower than the South Dakota average of 61.3%. Its housing vacancy rate is 18.2%, compared with 10.5% in South Dakota.
Housing Stock
| Metric | Tripp County | South Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1967 | 1980 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Tripp County was built around 1967. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Tripp County, South Dakota.
What is the median home price in Tripp County, South Dakota?
The median home price in Tripp County, South Dakota is $28,103, lower than the South Dakota average of $92,142.
What is the average home price in Tripp County, South Dakota?
The typical home price in Tripp County, South Dakota, reported as the median sale price, is $28,103. 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 Tripp County, South Dakota?
The median gross rent in Tripp County, South Dakota is $820 per month, lower than the South Dakota average of $946.
What was the median gross rent in Tripp County in 2020?
In 2020, the median gross rent in Tripp County, South Dakota was $608 per month.
What is the price-to-rent ratio in Tripp County, South Dakota?
The price-to-rent ratio in Tripp County, South Dakota is about 2.9, meaning it would take roughly 2.9 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 Tripp County.
Are home prices or rent rising faster in Tripp County, South Dakota?
Both home prices and rent are rising in Tripp County, up about 52.8% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Tripp County, South Dakota?
55.9% of households in Tripp County, South Dakota own their home, lower than the South Dakota average of 61.3%.
What is the vacancy rate in Tripp County, South Dakota?
The housing vacancy rate in Tripp County, South Dakota is 18.2%, higher than the South Dakota average of 10.5%.
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