Housing decision brief
Spink County, SD Housing Market
Spink County screens as a below-state purchase price, below-state rent, a higher tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
13th lowest home value out of 66 South Dakota counties with data | 26th lowest rent out of 66
Median home value
$123,300
Purchase-price signal from Census ACS.
Median rent
$734/mo
Gross rent, including utilities where reported.
Monthly owner cost
$748/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
1.8x
Median home value divided by local household income.
Rent burden
19.5%
Below 30% usually screens as less pressured.
Rent vs own
$14/mo
Median rent screens below owner cost.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Lower purchase price
$123,300 median home value is 26% below South Dakota county median
Lower rent
$734/mo is 4% below South Dakota county median
Rent burden below pressure line
19.50% of renter income goes to rent, below the 30% burden threshold.
Low disaster-risk signal
Risk score is 82.4 out of 100, a stronger cross-check for long-term ownership costs.
What to Check
Lower income base
$70,139 median income is 3% below South Dakota county median
Tax rate needs attention
1.28% effective property-tax rate is 28% above South Dakota county median
Water quality cross-check
Water quality grade is F. Review water data before treating housing cost as the full story.
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Buyers comparing homes to local incomes
- Renters trying to keep rent below the burden threshold
- Long-term owners who care about disaster-risk exposure
- Remote earners or cash buyers looking below the state price line
Poor Fit For
- Households dependent on a deep local wage market
- Buyers focused only on purchase price and ignoring annual property tax
- Buyers who will not investigate local water systems before moving
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Spink County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $123,300 | $166,500 | $281,900 | 26% favorable26% below South Dakota county median |
Median gross rent Lower usually helps affordability. | $734 | $762 | $1,163 | Near state median4% below South Dakota county median |
Monthly owner cost Lower usually helps affordability. | $748 | $799 | $1,672 | 6% favorable6% below South Dakota county median |
Median household income | $70,139 | $72,653 | $74,755 | Near state median3% below South Dakota county median |
Effective property-tax rate Lower usually helps affordability. | 1.28% | 1.00% | 1.02% | 28% pressure28% above South Dakota county median |
Rent burden Lower usually helps affordability. | 19.50% | 23.00% | N/A | 15% favorable19.50% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$40,779
Median income minus rent threshold.
Owner cushion
+$38,082
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Spink County is affordable for renters, with a median gross rent of $691/month representing approximately 11.4% of median household income. The rent burden (GRAPI) stands at 17.0%.
Rent vs own
The median rent in Spink County is $691/month, while owner costs run $744/month. Renting saves approximately $53/month.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $27,640/year. For owner costs at the 28% rule, the required income is roughly $31,886/year. With a median household income of $73,011, most households can comfortably afford rent here. Notably, 17.0% of renter households in Spink County are cost-burdened, spending more than 30% of income on housing.
Regional context
Within South Dakota, Spink County is less affordable than Marshall County by roughly 7% ($691/mo vs $743/mo).
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Campbell County, SD | $115,900 | $760/mo | Same-state comparison near $115,900 home value and $760/mo rent. |
| Perkins County, SD | $114,600 | $738/mo | Same-state comparison near $114,600 home value and $738/mo rent. |
| Sanborn County, SD | $135,600 | $725/mo | Same-state comparison near $135,600 home value and $725/mo rent. |
| Aurora County, SD | $151,900 | $747/mo | Same-state comparison near $151,900 home value and $747/mo rent. |
| Bon Homme County, SD | $134,100 | $646/mo | Same-state comparison near $134,100 home value and $646/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Spink County
Is Spink County affordable for buying a home?
Is renting or owning cheaper in Spink County?
How much income do you need for housing in Spink County?
What should I double-check before moving to Spink County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.