The story of this market
The typical home in Spink County, South Dakota sells for about $175,555, or $105 per square foot.
Prices are up +9.9% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. Over the long run, values in this county have grown 73% since 2003. The biggest natural hazard here is cold wave, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,014 a month.
HUD sets the fair market rent for a 2-bedroom at $1,014 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively High.
Price climate
Every year of price change, 2003–2025
+2.8%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2013 (+28.5%). Worst: 2014 (-18.9%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.8%
SD · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,208
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2003–2025
+2.8%
2025 change
FHFA repeat-sales index, median of 1 census tracts in this county (2003 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
86
Relatively High
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $9,686,755.
Mortgage activity
Home lending in this county
76.2%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 99 | 48 | 76.2% | 0% | $105,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Spink County, South Dakota
The Spink County housing market remains stable with modest price appreciation driven by low inventory levels. While the population continues to see a slight long-term decline, the market is supported by consistent demand for affordable rural housing. Current conditions reflect a balanced, slow-moving market typical of the region.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 5 cities · 13 ZIP reports
Median prices moved down 44.0% year over year.
Homes spend a median of 6 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.18% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.8% · poverty 11.5% — a stable, low-distress profile.
Deterministic aggregate of 4 researched ZIP reports of 13 — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Spink County, South Dakota — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Oct 5
researched Oct 5
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Oct 5
researched Sep 27
researched Sep 27
| 57424 | Ashton | $108,000 | $85 | +2.5% | 112 | 98% | — | 4 | 4 | $850 | researched Oct 5 |
| 57436 | Doland | — | — | — | — | — | — | — | — | $725 | researched Oct 5 |
| 57438 | Faulkton | $136,400 | $85 | +2.1% | 120 | 96% | 5% | 7.5 | 15 | $791 | researched Sep 27 |
| 57440 | Frankfort | $82,000 | $65 | — | 120 | 98% | — | 12 | 5 | $750 | researched Sep 27 |
| 57442 | Gettysburg | $185,000 | $112 | +2.4% | 98 | 96.5% | 12% | 7.2 | 14 | $1,031 | researched Sep 27 |
| 57445 | Groton | $178,000 | $140 | -46.6% | — | — | — | — | — | $1,015 | researched Sep 27 |
| 57450 | Hoven | $255,560 | $141 | +255.6% | 87 | 100% | — | — | 34 | $1,305 | researched Sep 27 |
| 57454 | Langford | — | — | — | — | — | — | — | — | $735 | researched Oct 5 |
| 57460 | Orient | $145,000 | $98 | +2.1% | 84 | 96.5% | 15% | 6.2 | 12 | $850 | researched Sep 27 |
| 57465 | — | $124,000 | $818 | — | 180 | 98% | — | 12 | 5 | $850 | researched Sep 27 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Public education is primarily served by the Redfield School District, which maintains a small-town academic environment typical of rural South Dakota.
The region is subject to severe weather risks including high winds, thunderstorms, and occasional flooding, which influence local property insurance premiums.
The economy is heavily anchored by agriculture and local healthcare services, with limited industrial development and a long-term trend of population decline.
Property taxes are assessed at the county level based on market value, with agricultural land often receiving special valuation considerations under state law.
Recreational opportunities are centered on outdoor activities, including hunting, fishing, and local parks within the Redfield area.
The rental market is characterized by limited inventory and low turnover, primarily serving local workers and retirees.
The economy is primarily driven by the agricultural sector and local healthcare services, with a stable but small labor market.
Transportation is primarily reliant on personal vehicles, with U.S. Highway 212 serving as a major corridor through the county.
The Spink County Director of Equalization manages property assessments, focusing on agricultural land valuation and residential property tax equity.
Parcels are subject to local school district levies and county-wide property tax assessments.
Property insurance costs are influenced by the region's exposure to severe weather events, including wind and hail damage.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A central historic anchor located in the county seat of Redfield.
Provides local outdoor recreation and camping facilities.
Data retrieved from US Census Bureau QuickFacts and Data Commons.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
applies when — Applies to new structures and additions in specific subdivisions or developments where the board of county commissioners has adopted the formula.
Provides a tax break on the assessed value of new structures or additions for up to five or seven years, at the discretion of the county commissioners.
SDCL 10-6-144.
applies when — Applies to residential real property governed by a homeowners' association.
Sellers must provide the buyer with governing documents, a statement of assessments (amount, frequency, purpose), and a list of special one-time assessments from the previous three years prior to a written offer.
SDCL 43-4-44.1, effective for transfers after July 1, 2024.
Sellers of residential real property must provide a written property condition disclosure statement to potential buyers before a written offer is made, covering material facts about the property's condition.
SDCL 43-4-44.
Property is assessed at full and true market value, then equalized to 85% of that value to determine the taxable value. The tax amount is calculated by multiplying the taxable value by the local mill levy rate, which is determined by the budgetary requirements of local government units (schools, counties, municipalities).
Governed by Title 10 of the South Dakota Codified Laws.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.