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ZipNumbers

South Dakota · Census place 62155

Summerset city, SD

Quick answer

Summerset city has 2,978 residents, ranking #28 of 485 places in South Dakota. Median household income is $115,197, the median home is worth $337,900 and median gross rent runs $1,233 a month.

Population
2,978Summerset city residents
Median household income
$115,197Past 12 months, inflation adjusted
Median home value
$337,900Owner-occupied units
Median gross rent
$1,233Rent plus utilities, monthly
Median age
34 yrsAll residents
Homeownership rate
80.6%Owner-occupied households

What the numbers mean in Summerset city

Housing cost measured against local earnings.

A household earning the Summerset city median would spend about 12.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.1% of residents and 80.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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