What is the median home value in Herman Township, SD?
The median value of owner-occupied homes in Herman Township, SD is $291,200 (±$68,049), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Herman Township, the median home value went from $234,800 in 2015–2019 to $291,200 in 2020–2024 (+24.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $291,200 (±$68,049)
- Owner-occupied homes
- 390 (±80)
- Most common range
- $300,000 to $499,999
Home values in Herman Township
| Value | Herman Township | Lake County | South Dakota | United States |
|---|---|---|---|---|
| Less than $50,000 | 3.8% (±3.8 points) | 8.1% | 8.3% | 5.3% |
| $50,000 to $99,999 | 3.6% (±4.1 points) | 8.0% | 7.8% | 6.1% |
| $100,000 to $149,999 | 14.6% (±14.0 points) | 11.6% | 8.5% | 6.8% |
| $150,000 to $199,999 | 10.8% (±10.1 points) | 12.0% | 11.0% | 9.0% |
| $200,000 to $299,999 | 20.3% (±9.8 points) | 21.1% | 24.4% | 17.8% |
| $300,000 to $499,999 | 31.3% (±14.2 points) | 25.9% | 26.0% | 26.9% |
| $500,000 to $999,999 | 15.6% (±10.6 points) | 9.4% | 12.1% | 20.9% |
| $1,000,000 or more | 0.0% (±6.2 points) | 3.8% | 1.8% | 7.1% |
The most common range is $300,000 to $499,999, 31.3% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Herman Township against Lake County, its state and the nation
| Herman Township | Lake County | South Dakota | United States | |
|---|---|---|---|---|
| Median home value | $291,200 (±$68,049) | $247,600 (±$21,400) | $257,400 (±$3,051) | $332,700 |
| Owner-occupied homes | 390 (±80) | 3,482 (±202) | 250,621 (±2,208) | 84,210,142 |
In Herman Township, the median home value is not measurably different from Lake County ($247,600).
It is not measurably different from South Dakota ($257,400).
It is not measurably different from the national figure ($332,700).
In Lake County, Herman Township ranks 7 of 19 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 248 of 730.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Herman Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $234,800 (±$26,166) | $291,200 (±$68,049) | +24.0% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,578 (±$360) | $1,782 (±$336) | +12.9% | No measurable change after inflation |
| Median real estate taxes | $2,126 (±$346) | $2,830 (±$622) | +33.1% | 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.
Median home value in places near Herman Township
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Herman Township | — | $291,200 (±$68,049) | — |
| Madison | 4.6 mi | $193,100 (±$35,727) | Lower |
| Winfred Township | 5.2 mi | $233,900 (±$44,420) | Not measurably different |
| Lake View Township | 6.0 mi | $481,300 (±$82,673) | Higher |
| Farmington Township (Lake County) | 6.2 mi | $267,600 (±$194,665) | Not measurably different |
| Orland Township | 6.4 mi | $275,000 (±$43,582) | Not measurably different |
| Concord Township | 8.5 mi | $129,200 (±$25,332) | Lower |
| Le Roy Township | 8.7 mi | $372,700 (±$142,117) | Not measurably different |
| Franklin Township (Lake County) | 9.1 mi | $435,000 (±$69,618) | Higher |
Nearby places with a measurably lower figure: Madison, SD ($193,100), Concord Township, SD ($129,200).
Nearby places with a measurably higher figure: Lake View Township, SD ($481,300), Franklin Township (Lake County), SD ($435,000).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Lake County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 1 | Lake View Township | $481,300 (±$82,673) |
| 2 | Wentworth Township | $461,000 (±$40,038) |
| 3 | Brant Lake | $455,000 (±$70,760) |
| 4 | Franklin Township (Lake County) | $435,000 (±$69,618) |
| 5 | Le Roy Township | $372,700 (±$142,117) |
| 6 | Rutland Township | $371,900 (±$78,843) |
| 7 | Herman Township | $291,200 (±$68,049) |
| 8 | Orland Township | $275,000 (±$43,582) |
| 9 | Farmington Township (Lake County) | $267,600 (±$194,665) |
| 10 | Summit Township (Lake County) | $254,200 (±$64,297) |
| 11 | Chester Township (Lake County) | $235,300 (±$81,848) |
| 12 | Winfred Township | $233,900 (±$44,420) |
| 13 | Nunda Township | $230,000 (±$90,647) |
Showing 13 of 19 places in Lake 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 Herman Township
What is the average home value in Herman Township, SD?
The Census Bureau publishes the median: $291,200 (±$68,049) for owner-occupied homes in Herman Township (2020–2024 American Community Survey).
Have home values in Herman Township gone up?
In Herman Township, the median home value went from $234,800 in 2015–2019 to $291,200 in 2020–2024 (+24.0%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in Herman Township sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Herman township, Lake County, South Dakota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Herman township, Lake County, South Dakota
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Herman township, Lake County, South Dakota
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Herman township, Lake County, 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) for Herman township, Lake County, South Dakota (county subdivision:28260, in state:46 county:079).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
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 Herman Township at a glance
- Income and affordability in Herman Township
- Homeowner costs in Herman Township
- Property taxes in Herman Township
- Types of homes in Herman Township
- Age of homes in Herman Township
- Heating fuel in Herman Township
- Commute and cars in Herman Township
- South Dakota landlord and tenant rules
- Housing across Lake County
- South Dakota places ranked by median home value
- Housing data for every place in South Dakota