South Dakota Real Estate
According to census data in the year 2000 there were 323,208 housing units in South Dakota.
This represents a 10.5% from 292,436 in 1990.
Of those housing units, 166,783 were located in either urbanized areas or urban clusters, and 156,425 were located in what is classified as a rural area.
Homeownership rate in South Dakota is about 68.2%.
South Dakota's vacancy rate, including seasonal lodging, is about 10.2%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in South Dakota were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.6% |
| One Bedroom | 11.8% |
| Two Bedrooms | 29.3% |
| Three Bedrooms | 36.1% |
| Four Bedrooms | 16.5% |
| Five Bedrooms or more | 4.8% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $79,600 |
| Median Price asked for vacant units | $37,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $337 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 6.6% |
| Home Equity Loan | 6.3% |
| Simple Mortgage | 47.4% |
| Debt Free | 39.4% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
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