Irene: Housing & Real Estate
Irene homes sell at a median $87,300, with median rent $756 (about the same as Turner County median $742; 1.3× below South Dakota median $946). Homeownership rate: 69.4%. That's 2.6× below the Turner County median ($222,900); 2.9× below the South Dakota median ($257,400). Market is stable. Vacancy rate 2.6%. 2 nursing facilities on file. A municipal building code is in effect.
- 1.3× annual income — home value vs. household income (vs South Dakota 4.0×).
- 9.6 years to break even renting at the median (vs South Dakota 24y).
- 4-BR rent is 2.4× a studio — rent gradient by unit size.
- Median rent 18% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $87,300 — 0.3× the South Dakota median ($280,300). Median rent $756/month. homeownership rate 69.4% — above the U.S. share of ~65%.
| Affordability · Price To Income Ratio | 1.3× |
|---|---|
| Affordability · Rent To Income Pct | 13.6% |
| Affordability · Affordable | Yes |
| Affordability · Interpretation | very affordable |
| Fair Market Rent · Studio rent | $641 (vs South Dakota $865) |
| Fair Market Rent · One-bedroom rent | $708 (vs South Dakota $970) |
| Fair Market Rent · Two-bedroom rent | $929 (vs South Dakota $1,156) |
| Fair Market Rent · Three-bedroom rent | $1,292 (vs South Dakota $1,586) |
| Fair Market Rent · Four-bedroom rent | $1,558 (vs South Dakota $1,939) |
| Fair Market Rent · HUD FMR area | Clay County, SD |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $87,681 |
| Median Home Value | $87,300 (vs South Dakota $280,300) |
| Median Rent | $756 (vs South Dakota $983) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | stable |
|---|---|
| Housing Market · Vacancy rate | 2.6% |
| Housing Market · Price Appreciation 2Yr | 0.2% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at South Dakota median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at South Dakota median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at South Dakota median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 0.0% (vs South Dakota 0.8%) |
| Broadband · Broadband-capable premises | 249 |
| Electricity · Electricity rate (¢/kWh) | 12.86¢/kWh |
| Electricity · Customers | 433548 |
| Electricity · Revenue Millions | $665 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at South Dakota median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at South Dakota median) |
| Mobile Home Parks Detail · County total | 7 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 69.4% (vs South Dakota 62.2%) |
|---|---|
| Median Year Built | 1945 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12