Milbank, SD
Full City Profile · South Dakota · Grant County County
3.4
/5.0
B
Good
3,513
Population
1,268/sq mi density
$58,462
Median Income
$37,142 per capita
$161,300
Home Value
$233,146 Zillow
$480
Median Rent
27.5% income on rent
43°F
Avg Temperature
276 sunny days/yr
449
Violent Crime/100K
1,142 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$58,462 median income, 3.2% unemployment
A+
Affordability
5.0 / 5.0
$161,300 home value, $480/mo rent
F
Safety
1.0 / 5.0
449 violent crimes/100K (18% above avg)
B+
Education
3.7 / 5.0
34.3% bachelor's degree or higher
Housing Overview
Median Home Value
$161,300
43% below
US avg: $281,900
Median Rent
$480/mo
59% below
US avg: $1,163/mo
Homeownership Rate
76.3%
17% above US avg (65.4%)
Total Housing Units
1,600
Median year built: 1974
Home Value by Source
Census Median
$161,300
Zillow (ZHVI)
$233,146
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
76.3%
Owner-Occupied
23.7%
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:
$480/mo
Affordability & Housing Stock
Rent Burden
27.5%
of renters spending 30%+ of income on housing
11% below US avg (31.0%)
Median Year Built
1974
Average age of housing stock: 52 years
Homeownership Rate
76.3%
Complete Housing Data
Home Values
| Census Median Value | $161,300 |
| Zillow Home Value (ZHVI) | $233,146 |
Rent
| Census Median Rent | $480 |
| 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 | 76.3% |
| Renter-Occupied | 23.7% |
| Homeownership Rate | 76.3% |
| Total Housing Units | 1,600 |
| Median Year Built | 1974 |
| Rent Burden | 27.5% |
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