Lennox, SD housing market
The typical Lennox home is worth about $326,000, about the same as a year ago, close to the South Dakota typical home.
Home values, sales, trends and how Lennox compares with the towns next door — updated as new data is published.
Lennox at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2019–2026
Show as a table
| January | Lennox | South Dakota |
|---|---|---|
| 2020 | $220,000 | $215,000 |
| 2021 | $231,000 | $235,000 |
| 2022 | $267,000 | $272,000 |
| 2023 | $297,000 | $297,000 |
| 2024 | $306,000 | $301,000 |
| 2025 | $320,000 | $312,000 |
| 2026 | $322,000 | $319,000 |
| August 2026 | $326,000 | $322,000 |
14 new homes permitted in 2025
Builders were permitted 14 new homes in Lennox in 2025: 12 single-family houses and 2 in buildings with two or more homes, worth about $4.1 million to build. That's 5.7 per 1,000 residents, about the pace of South Dakota as a whole. Over the past 10 years, Lennox has permitted 167 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lennox gained 312 residents while 40 new homes were permitted: about 7.8 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across South Dakota: 1.6 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 46 | 20 | 26 | $12 million |
| 2025 | 14 | 12 | 2 | $4.1 million |
| 2024 | 47 | 27 | 20 | $12.1 million |
| 2023 | 23 | 15 | 8 | $5.8 million |
| 2022 | 36 | 36 | 0 | $9.2 million |
| 2021 | 25 | 21 | 4 | $6.3 million |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 11 | 3 | 8 | $1.4 million |
| 2016 | 11 | 11 | 0 | $2.1 million |
| 2015 | 6 | 6 | 0 | $873,000 |
| 2014 | 6 | 6 | 0 | $873,000 |
| 2013 | 3 | 3 | 0 | $415,000 |
| 2012 | 1 | 1 | 0 | $25,000 |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 2 | 2 | 0 | $221,000 |
| 2009 | 2 | 2 | 0 | $218,000 |
| 2008 | 2 | 2 | 0 | $218,000 |
| 2007 | 9 | 9 | 0 | $1.1 million |
| 2006 | 9 | 6 | 3 | $871,000 |
| 2005 | 11 | 8 | 3 | $1.1 million |
| 2004 | 12 | 8 | 4 | $1.2 million |
| 2003 | 16 | 8 | 8 | $1.4 million |
| 2002 | 12 | 8 | 4 | $993,000 |
| 2001 | 8 | 8 | 0 | $914,000 |
| 2000 | 4 | 4 | 0 | $422,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Lennox and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Lennox | $326K | +0.3% | $1,060 | 14 | $81,761 |
| Perry | — | +2.4%† | $1,070 | — | $88,621 |
| Grant | — | +2.4%† | $1,070 | — | $107,021 |
† FHFA price index change, where Zillow has no home value for the town.
4 years of income
The typical Lennox home costs about 4 years of the town's median household income, about the same as across South Dakota (4.3).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,060
HUD's Fair Market Rent for a two-bedroom in Lennox is $1,060 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lennox pay a median of $745, so moving in tends to cost more than staying put. A two-bedroom takes about 16% of the town's median household income.
Studio $790 · 4 bedrooms $1,780
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (57039; Sioux Falls, SD HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.