The story of this market
The typical home in Hyde County, South Dakota sells for about $149,900, or $108 per square foot.
Prices are down 11.8% from a year ago, which gives buyers more room to negotiate. Homes take about 112 days to sell, which is slow. 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.
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
$1,404
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.
Natural hazard exposure
The area's risk shape
89
Relatively High
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $2,659,157.
Mortgage activity
Home lending in this county
93.8%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 22 | 15 | 93.8% | 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 Approval rate is approved ÷ decided (withdrawn and incomplete files excluded).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.
Hyde County, South Dakota
The Hyde County housing market is characterized by low inventory and limited sales volume, typical of a rural agricultural economy. Prices have seen a slight year-over-year decline, reflecting a cooling trend in demand. The market remains stable with minimal turnover and a reliance on local employment sectors.
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 · 2 cities · 2 ZIP reports
Median prices moved down 11.8% year over year.
Homes spend a median of 112 days on market with 6.0 months of supply — a slower-moving market.
8% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.5% · poverty 5.7% — a stable, low-distress profile.
Hyde 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 5.2%/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.
The county is served by the Highmore-Harrold School District, which provides K-12 education for the local rural population.
The region is subject to standard Great Plains weather risks, including severe thunderstorms, high winds, and winter blizzards.
The local economy is primarily driven by agriculture and ranching, with limited industrial development and a stable, small-town infrastructure.
Property taxes are assessed at the county level based on the market value of real property, with agricultural land often subject to specific productivity-based valuation formulas.
Recreational opportunities are centered on outdoor activities, including hunting, fishing, and access to local parks and community facilities in Highmore.
The rental market is limited in depth, primarily consisting of single-family homes and small multi-family units with low turnover.
The economy is heavily reliant on the agricultural sector, including crop production and livestock ranching, with a low unemployment rate of 1.5%.
Transportation is primarily via U.S. Highway 14, which serves as the main east-west corridor through the county.
The Hyde County Director of Equalization manages property assessments, ensuring valuations align with state-mandated agricultural and residential standards.
Parcels are subject to local school district levies and county-wide general fund taxes.
Property insurance premiums are influenced by regional exposure to severe weather events common in central South Dakota.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Local community park providing green space and recreational facilities.
Historic anchor building located in the county seat of Highmore.
Data retrieved from Census Reporter and Data Commons profiles.
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.
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.
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.
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.