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Elk Point, SD
Full City Profile · South Dakota · Union County County
3.6
/5.0
B+
Good
2,391
Population
1,543/sq mi density
$83,250
Median Income
$33,728 per capita
$228,400
Home Value
$280,678 Zillow
$801
Median Rent
31.9% income on rent
49°F
Avg Temperature
291 sunny days/yr
215
Violent Crime/100K
54 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$83,250 median income, 1.5% unemployment
A+
Affordability
5.0 / 5.0
$228,400 home value, $801/mo rent
F
Safety
1.0 / 5.0
215 violent crimes/100K
B+
Education
3.6 / 5.0
32.8% bachelor's degree or higher
Housing Overview
Median Home Value
$228,400
19% below
US avg: $281,900
Median Rent
$801/mo
31% below
US avg: $1,163/mo
Homeownership Rate
74.7%
14% above US avg (65.4%)
Total Housing Units
854
Median year built: 1977
Home Value by Source
Census Median
$228,400
Zillow (ZHVI)
$280,678
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
74.7%
Owner-Occupied
25.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$691/mo
1 Bedroom
$784/mo
2 Bedroom
$990/mo
3 Bedroom
$1,295/mo
4 Bedroom
$1,540/mo
Census median rent:
$801/mo
Affordability & Housing Stock
Rent Burden
31.9%
of renters spending 30%+ of income on housing
3% above US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
74.7%
Complete Housing Data
Home Values
| Census Median Value | $228,400 |
| Zillow Home Value (ZHVI) | $280,678 |
Rent
| Census Median Rent | $801 |
| FMR Studio | $691 |
| FMR 1-Bedroom | $784 |
| FMR 2-Bedroom | $990 |
| FMR 3-Bedroom | $1,295 |
| FMR 4-Bedroom | $1,540 |
Market
Ownership & Stock
| Owner-Occupied | 74.7% |
| Renter-Occupied | 25.3% |
| Homeownership Rate | 74.7% |
| Total Housing Units | 854 |
| Median Year Built | 1977 |
| Rent Burden | 31.9% |