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Minnehaha County Housing Market

South Dakota · 66 counties · Ranked #2463 in home value

Below National Avg

Housing at a Glance

Median Home Value

$266,600

vs national$266,600 vs $281,900 national

Median Gross Rent

$954/mo

vs national$954 vs $1,163 national

Effective Tax Rate

1.16%

vs national+1.16% vs 1.02% national

Median Household Income

$76,074

vs national+$76,074 vs $74,755 national

Affordability Ratio

3.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

25.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,090

Tax as % of Home Value

1.16%

Monthly Owner Cost

$1,286

Renter Income

$46,758

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Frequently Asked Questions

What is the median home value in Minnehaha County?

The median home value in Minnehaha County is $266,600. This is below the national median of $281,900.

How much is rent in Minnehaha County?

The median gross rent in Minnehaha County is $954 per month.

What is the property tax rate in Minnehaha County?

The effective property tax rate in Minnehaha County is 1.16%. The median annual property tax bill is $3,090.

Is Minnehaha County affordable?

With a home-value-to-income ratio of 3.5x, Minnehaha County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.