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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
76%
24%
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-Occupied76.3%
Renter-Occupied23.7%
Homeownership Rate76.3%
Total Housing Units1,600
Median Year Built1974
Rent Burden27.5%