Counties / South Dakota / Hyde County

Hyde County, SD

FIPS 46069 · population 1,191 · outside every metro area

$182k
ACS owner-reported value · ACS 2024 5-year
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

ACS owner-reported value
$182k
survey estimate; not a current listing or sale price
Census ACS · surveyed
ACS median gross rent
$836
occupied-unit survey; not current asking rent
Census ACS · surveyed
Gross yield
n/a
gross yield cannot be computed without measured market rent
requires both measured price and measured rent
HUD 2-bed standard
$948
the Section 8 payment standard
HUD Fair Market Rent · direct
Owner-reported value$182k
Surveyed gross rent$836
Rent burden 30%+27.9%
Median year built1960
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
18.5%vacant
617estimated housing units
Occupied tenure16.5% renter
owner 83.5%renter 16.5%
Structure mix88.6% single-family
Single-family 88.6%20+ units 0.3%Mobile home 7.5%Other 3.6%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs546▲ 2.4% from the prior annual release
Covered establishments77annual average reporting locations
Average weekly wage$1,065▲ 0.6% from the prior annual release
Largest private supersectorTrade, transportation, and utilities40.3% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+2.4%WEEKLY WAGE+0.6%Trade, transportation, and utilities40.3%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Hyde County is a thin-evidence underwriting case, not a demonstrated cash-flow market: the absence of published market rent and current transaction measures leaves pricing and exit liquidity untested. The usable anchor is an ACS 2024 five-year survey context rather than a current transaction series. Investigators able to obtain leases, insurance quotes, and comparable sales can test a niche acquisition; those requiring verified current yield or broad buyer depth should be cautious.

02Housing economics

ACS reports an owner-reported median value of owner-occupied homes of $181,600 and surveyed gross rent for occupied units of $836. These are different survey populations, not current asking prices or rents, and must not be combined into a yield. HUD's two-bedroom FMR is $948 per month, but it is a payment standard rather than market rent. With market rent unpublished, gross yield cannot be computed. The reported effective property-tax rate is 0.96%, with median annual tax of $1,743. ACS vacancy of 18.48% is a stock measure that warrants unit-level occupancy checks, not proof of weak leasing demand.

03Demand & competition

In 2025 QCEW recorded 546 annual average covered jobs at county workplaces, up 2.44%. Trade, transportation, and utilities represented 40.33% of disclosed private covered employment, making employer and sector exposure relevant to tenant and resale diligence; QCEW is neither resident employment nor a forecast. Tax-return migration was net negative 4, although arriving households had average AGI of $55,967 versus $41,118 for departures. Investor mortgages represented 28.57% of seven purchases: non-owner participation exists, but the small purchase count does not establish broad buyer competition.

04Risk & next checks

Inland flood is the dominant hazard, and the modeled expected annual climate loss ratio is 0.22% of building value. That is a county-level model, not a parcel flood determination, claims history, or insurance quote. No Zillow county value series or FHFA annual HPI observation is published, so price direction cannot be cross-checked. The record also contains no Realtor.com MLS listing figures for the 2026-06 inventory period; asking-price, visible-supply, marketing-time, and seller-concession conditions therefore remain unknown. Next checks are property-specific flood and insurance records, current leases and asking rents, and MLS sales and listing histories.

Cities & communities

Where people live within Hyde County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Highmore city596Stephan CDP13
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

2 Census places

Population
  1. 01
    Highmore cityIncorporated place
    596
  2. 02
    Stephan CDPCensus-designated place
    13

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.219% of building value expected lost per year

Effective property tax0.96%

$1,743 median annual bill

02
DemandIRS SOI household flows
Net migration-4

30 in · 34 out

Arriving vs leaving income+$14,849

$55,967 arriving · $41,118 leaving

03
CompetitionHMDA financed purchases
Purchases by investors28.6%

2 of 7 mortgages

investorother financed
No rent index is published for this county.Zillow’s county rent series does not cover every county, and estimating one from a neighbouring county would be a guess wearing a number’s clothes. Everything above is measured here; no wider market is mapped for it either.
Bear case

What can break the county thesis

  1. Unpublished market rent and absent current sale and listing measures could reveal a yield or liquidity profile unlike the survey context.
  2. Parcel-level inland-flood exposure and insurance terms could differ materially from the county-level modeled loss ratio.
  3. A small purchase denominator and net negative migration may not support dependable resale or tenant depth.
Underwriting questions

Before pricing a property

Can gross yield be calculated from this record?

No. Market rent is not published; the $948 two-bedroom HUD FMR is a payment standard, and the ACS gross-rent estimate is not current asking rent.

What does the record show about investor buyer participation?

Investor mortgages accounted for 28.57% of seven purchases, indicating participation but not establishing broad competition.

What is the quantified climate-risk measure?

Inland flood is the dominant hazard, with a modeled expected annual climate loss ratio of 0.22% of building value.