Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$230,600+10.7% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 20% have cut their price
Income needed to buy, per year$49,989About 0.7× the local median income ($73,237): affordable for a typical household
Days on market64 daysFaster than a year ago: sellers have the edge
The typical home in Hutchinson County, SD is worth $230,600, up 10.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $223,603, so the area is 3.1% overvalued. It is a buyer's market: homes take about 64 days to sell, listings are up 40% from a year ago, 20% of listings have had a price cut. A household needs about $49,989 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $73,237. In the latest IRS figures, 67 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$230,600
Change in 1 year
+10.7%
Overvalued %
+3.1%
Show 6 more
Fair home value
$223,603
Change in 5 years
+22.1%
Home value to income
3.1×
Monthly mortgage payment (20% down)
$1,250
Income needed to afford it
$49,989
Property tax rate
1.15%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+40.0%
Days on market
64
Listings with a price cut
20.5%
Show 3 more
Homes for sale
21
Pending sales per 100 listings
10
Asking price per sq ft
$117
People and jobs
Median household income
$73,237
Population change (1 year)
+0.2%
Unemployment rate
1.6%
Show 4 more
Population
7,413
Income adjusted for cost of living
$84,472
Net moves in (IRS)
−67
Cost of living (US = 100)
86.7
Schools, risk and environment
School rating (1 to 10)
5.3
FEMA hazard risk score (0 to 100)
47.9
Flood risk score
35.2
Show 3 more
Wildfire risk score
69.0
Walkability (1 to 20)
6.7
Road, rail and air noise
54 dB
Questions people ask
Is Hutchinson County, SD overvalued?
Home prices in Hutchinson County, SD are slightly above what local incomes have historically supported: fair value is about $223,603, so the area is 3.1% overvalued.
Is Hutchinson County, SD a buyer's or seller's market?
Hutchinson County, SD is a buyer's market: homes take about 64 days to sell, listings are up 40% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Hutchinson County, SD?
Home values in Hutchinson County, SD are up 10.7% over the last year.
How much do you need to earn to buy a home in Hutchinson County, SD?
A household needs about $49,989 a year to afford the typical home in Hutchinson County, SD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $73,237.