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Summerset, SD

Full City Profile · South Dakota · Lawrence County County

3.8 /5.0
B+ Good
2,978 Population 1,095/sq mi density
$115,197 Median Income $41,973 per capita
$337,900 Home Value $425,283 Zillow
$1,233 Median Rent 31.3% income on rent
46°F Avg Temperature 311 sunny days/yr
179 Violent Crime/100K 2,039 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$115,197 median income, 2.1% unemployment
A+
Affordability
5.0 / 5.0
$337,900 home value, $1,233/mo rent
F
Safety
1.0 / 5.0
179 violent crimes/100K
A
Education
4.3 / 5.0
41.1% bachelor's degree or higher

Housing Overview

Median Home Value
$337,900
20% above
US avg: $281,900
Median Rent
$1,233/mo
6% above
US avg: $1,163/mo
Homeownership Rate
80.6%
23% above US avg (65.4%)
Total Housing Units
1,119
Median year built: 2006

Home Value by Source

Census Median
$337,900
Zillow (ZHVI)
$425,283
Median Sale Price
$434,850
Median List Price
$504,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

80.6%
Owner-Occupied
19.4%
Renter-Occupied
81%
19%
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: $1,233/mo

Market Indicators (Redfin)

Median Days on Market
160 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
26.1%
of listings with price reduction
Price Per Sq Ft
$178
Active Inventory
23
homes for sale

Affordability & Housing Stock

Rent Burden
31.3%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
2006
Average age of housing stock: 20 years
Homeownership Rate
80.6%

Complete Housing Data

Home Values

Census Median Value$337,900
Zillow Home Value (ZHVI)$425,283
Median Sale Price$434,850
Median List Price$504,500
Price Per Sq Ft$178

Rent

Census Median Rent$1,233
FMR Studio$691
FMR 1-Bedroom$784
FMR 2-Bedroom$990
FMR 3-Bedroom$1,295
FMR 4-Bedroom$1,540

Market

Days on Market160
Sale-to-List Ratio1.0%
Price Drops26.1%
Homes Sold2
Active Inventory23
Price Per Sq Ft$178

Ownership & Stock

Owner-Occupied80.6%
Renter-Occupied19.4%
Homeownership Rate80.6%
Total Housing Units1,119
Median Year Built2006
Rent Burden31.3%