What percentage of people rent in Elk Point, SD?
21.6% (±9.6 points) of the occupied homes in Elk Point, SD are rented (2020–2024 American Community Survey).
That is 209 renting households against 759 that own their home.
In Elk Point, the share of households that rent went from 22.1% in 2015–2019 to 21.6% in 2020–2024 (−0.5 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 21.6% (±9.6 points)
- Renting households
- 209 (±105)
- Median renter income
- $21,314 (±$3,177)
Who rents and who owns in Elk Point
| Elk Point | Union County | South Dakota | United States | |
|---|---|---|---|---|
| Renter-occupied share | 21.6% (±9.6 points) | 26.9% (±3.2 points) | 31.4% (±0.5 points) | 34.8% |
| Renting households | 209 (±105) | 1,967 (±241) | 114,923 (±1,973) | 45,017,354 |
| Owning households | 759 (±98) | 5,343 (±229) | 250,621 (±2,208) | 84,210,142 |
| Average renter household size | 1.7 (±0.5) | 1.8 (±0.2) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.8 (±0.3) | 2.5 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $21,314 (±$3,177) | $48,750 (±$11,417) | $45,599 (±$1,257) | $52,966 |
| Median owner household income | $98,720 (±$6,610) | $107,474 (±$8,214) | $92,702 (±$1,158) | $100,009 |
In Elk Point, the renter share is not measurably different from Union County (26.9%).
It is also lower than in South Dakota (31.4%).
It is lower than the national figure (34.8%).
In Union County, Elk Point ranks 8 of 18 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 370 of 1,152.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Elk Point has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 22.1% (±6.3 points) | 21.6% (±9.6 points) | −0.5 percentage points | Not a measurable change |
| Median household income | $64,000 (±$16,843) | $90,473 (±$12,404) | +41.4% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Elk Point
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Elk Point | — | 21.6% (±9.6 points) | — |
| Elk Point Township | 1.4 mi | 0.0% (±35.8 points) | Not measurably different |
| Westfield | 6.4 mi | 40.0% (±21.1 points) | Not measurably different |
| Civil Bend Township | 6.5 mi | 14.1% (±20.8 points) | Not measurably different |
| Ponca Township | 6.8 mi | 20.6% (±16.2 points) | Not measurably different |
| Brule Township (Union County) | 7.6 mi | 0.0% (±16.8 points) | Lower |
| Jefferson | 7.9 mi | 9.0% (±6.4 points) | Lower |
| Ponca | 8.2 mi | 25.1% (±8.1 points) | Not measurably different |
| Newcastle Township | 8.8 mi | 22.5% (±11.3 points) | Not measurably different |
Nearby places with a measurably lower figure: Brule Township (Union County), SD (0.0%), Jefferson, SD (9.0%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Union County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 2 | Spink Township | 39.0% (±38.1 points) |
| 3 | Prairie Township | 35.2% (±30.4 points) |
| 4 | Dakota Dunes | 33.0% (±8.3 points) |
| 5 | Alcester | 30.7% (±7.6 points) |
| 6 | Big Sioux Township | 26.2% (±6.5 points) |
| 7 | Alcester Township | 22.0% (±23.6 points) |
| 8 | Elk Point | 21.6% (±9.6 points) |
| 9 | Beresford | 19.6% (±6.6 points) |
| 10 | Civil Bend Township | 14.1% (±20.8 points) |
| 11 | Virginia Township | 10.1% (±10.3 points) |
| 12 | Jefferson | 9.0% (±6.4 points) |
| 13 | Big Springs Township | 6.5% (±8.4 points) |
| 14 | Jefferson Township (Union County) | 6.2% (±9.8 points) |
Showing 13 of 18 places in Union County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Elk Point
How many renters are there in Elk Point?
Elk Point has an estimated 209 (±105) renting households, 21.6% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Elk Point?
In Elk Point, the share of households that rent went from 22.1% in 2015–2019 to 21.6% in 2020–2024 (−0.5 percentage points), not a measurable change.
How big are renting households in Elk Point?
A renting household in Elk Point has 1.7 people on average, against 2.8 in an owned home.
How much do renters earn in Elk Point?
The median renting household in Elk Point, SD has an income of $21,314 (±$3,177) a year, against $98,720 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Elk Point city, South Dakota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Elk Point city, South Dakota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Elk Point city, South Dakota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Elk Point city, South Dakota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Elk Point city, South Dakota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Elk Point city, South Dakota (place:18620, in state:46).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Elk Point at a glance
- Income and affordability in Elk Point
- Home values in Elk Point
- Homeowner costs in Elk Point
- Property taxes in Elk Point
- Types of homes in Elk Point
- Age of homes in Elk Point
- Heating fuel in Elk Point
- Commute and cars in Elk Point
- Crime reported to police in Elk Point
- Population growth in Elk Point
- How long people stay in Elk Point
- South Dakota landlord and tenant rules
- Housing across Union County
- South Dakota places ranked by share of renters
- Housing data for every place in South Dakota