Florence, Codington County, SD

Median Home Price Price

$491,399 $491.4K

Median Monthly Rent Rent

$981 $981

41.0x

Market Snapshot

Florence, Codington County, SD is a city market with a median home price of $491,399, a median monthly rent of $981, a GRM of 41.0x, and a price-to-rent ratio of 41.7.

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01 Wakonda, Clay County, SD
Top recommendation Within state Lower GRM Lower price Lower rent Rent momentum
High confidence
Price $238.6K
Rent $857
GRM 23.0x
Explore the data

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Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Wakonda, Clay County, SD
$239K $857 23.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Vermont, Dane County, WI Explore deeper
$656K $1.2K 44.0x
Green Camp, Marion County, OH
$140K $907 13.0x
Gresham, Shawano County, WI
$224K $641 29.0x

Home prices

Monthly rent

GRM = home price / annual rent

Florence

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Benchmark comparison

Rent in Florence, SD is 14.5% higher than Wakonda, SD.

Compare to Wakonda, SD
Florence, SD
Wakonda, SD
Delta
Median rent
$981
$857
-$124
Median price
$491,399
$238,642
-$252,757
YoY change
+$90
+$97
+$7
Price-to-rent
41.7x
23.2x
-18.5x

Key takeaways

  • Florence, Codington County, SD has a higher-grm screening profile: At 41.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $90 year over year.
  • Rent in Florence, SD is 14.5% higher than Wakonda, SD.