HomeSouth DakotaLyman County
Lyman County, South Dakota: commercial real estate data.
Lyman County, South Dakota has a population of 3,724 across 1,642 square miles, up 0.2 percent since the 2020 census base. County output reached $194.3 m in 2024, 87 establishments operate here, and the SBA record carries 1 7(a) approvals worth $150,000.
107 sourced county values · tier FULL · 10 sections
Lyman County
How many people live in Lyman County
- Population3,724
- Households1,188
- Average household size3.13
- Median household income$67,143
- Median age36.1
- Median gross rent$651 per month
- Median owner-occupied home value$165,800
- Home value to household income2.5 times
- Annual rent as a share of median income11.6 percent
- Adults 25 and over with a bachelor degree or higher24.6 percent
- Adults 25 and over with a graduate degree4.9 percent
- Adults 25 and over2,367
- Population under 181,043
- Share under 1828.0 percent
- Population 65 and over682
- Share 65 and over18.3 percent
- Working age population, 18 to 641,999
- Civilian labor force1,596
- Unemployment rate4.0 percent
- Labor force participation, adults 18 and over59.5 percent
- Rank by population among South Dakota counties43rd of 66
- Rank by population among US county-equivalents2983rd
Lyman County is the 43rd largest of 66 South Dakota counties by population. A median home costs 2.5 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 28.0 percent against 18.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Lyman County
Is Lyman County growing
- Population change since the 2020 census base0.19 percent
- Census 2020 base population3,714
- Births, 202467
- Deaths, 202463
- Natural change, 20244
- Net domestic migration, 2024-9
- Net international migration, 20245
- Total net migration, 2024-4
- Cumulative net domestic migration, 2021 to 2024-101
- Rank by growth among US county-equivalents1761st
The county has grown 0.19 percent since the 2020 census base. Births exceeded deaths in 2024 but more people left than arrived, so the population is being sustained internally rather than attracting.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Lyman County
Where people moving to Lyman County come from
- Tax returns filed by households arriving57
- People arriving, from those returns120
- Adjusted gross income arriving$2.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$45,877
- Largest single originLyman County Non-migrants (1,239 households)
- Largest single destination (1,239 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Lyman County Non-migrants | 1,239 | 2,720 | $78.8 m |
| Other flows - Same State | 57 | 120 | $2.6 m |
The largest single source of arrivals is Lyman County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Lyman County
What the Lyman County economy runs on
- County GDP, 2024$194.3 m
- County GDP, 2023$228.5 m
- GDP change, 2023 to 2024-14.9 percent
- GDP change over five years26.1 percent
- Rank by GDP among South Dakota counties45th
- Rank by GDP among US county-equivalents2908th
- GDP per resident$52,183
Output grew -14.9 percent in the latest year and 26.1 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Lyman County
Who employs people in Lyman County
- Covered employment, annual average1,369
- Establishments reporting143
- Average annual pay$37,710
- Average weekly wage$725
- Sector 44-45, employment200
- Sector 44-45, average annual pay$29,501
- Sector 42, employment70
- Sector 42, average annual pay$47,874
- Sector 23, employment36
- Sector 23, average annual pay$29,774
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 200 | 16 | $29,501 |
| Sector 42 | 70 | 8 | $47,874 |
| Sector 23 | 36 | 14 | $29,774 |
The largest sector is the biggest private employer group at 200 jobs, 14.6 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Lyman County
What businesses operate in Lyman County
- Establishments, all industries87
- Employment at those establishments621
- Annual payroll$20.8 m
- Establishments per 1,000 residents23.4
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Lyman County
What is being built in Lyman County
- Housing units authorised by permit, 20246
- Declared construction value permitted$1.2 m
- Single family units authorised6
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$198,333
- Units authorised per 1,000 households5.1
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Lyman County
How much SBA lending happens in Lyman County
- 7(a) approvals recorded1
- 7(a) gross approval dollars$150,000
- Average 7(a) approval$150,000
- Median 7(a) approval$150,000
- 10th percentile approval$150,000
- 90th percentile approval$150,000
- Largest single approval$150,000
- Jobs reported supported, 7(a)3
- Jobs per approval3.0
- Distinct 7(a) lenders active1
- Distinct industries receiving approvals1
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter1
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countAll Other Legal Services (1)
- Most active lenderBayFirst National Bank (1)
- 504 approvals recorded1
- 504 gross approval dollars$520,000
- Average 504 approval$520,000
- Median 504 approval$520,000
- Distinct CDCs active1
- 504 jobs per approval3.0
- 504 jobs per million dollars approved5.8
- Most active CDCSouth Dakota Development Corporation (1)
- 7(a) share of SBA approvals50.0 percent
- Combined SBA approval dollars$670,000
The average approval of $150,000 sits close to the median of $150,000, so lending here is fairly evenly sized rather than driven by a few large deals. Only 0.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Lyman County
Do SBA loans in Lyman County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure1
Too few loans have reached a final outcome to publish a charge off rate. only 0 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lyman County
How big is Lyman County
- Land area1,642 sq mi
- Rank by land area among South Dakota counties14th of 66
- Width, east to west53.3 mi
- Height, north to south49.6 mi
- Geographies sharing a boundary10
- Residents per square mile of land2
- Establishments per square mile0.05
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Lyman County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Lyman County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population3,724
- Households1,188
- Average household size3.13
- Median household income$67,143
- Median age36.1
Common questions
Lyman County questions, answered from the record.
How many people live in Lyman County, South Dakota?
3,724, in 1,188 households, ranking 43rd of 66 South Dakota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Lyman County growing?
The population has grown 0.19 percent since the 2020 census base. In 2024 there were 67 births against 63 deaths, with net migration of -4. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Lyman County?
$67,143. The median owner-occupied home is valued at $165,800, which is 2.5 times income, and median gross rent is $651 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Lyman County?
87 establishments, employing 621 people with an annual payroll of $20.8 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Lyman County?
Average annual pay is $37,710, or $725 a week, across 1,369 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Lyman County?
1 7(a) approvals totalling $150,000 since FY2020, across 1 lenders, with a median approval of $150,000, plus 1 504 approvals worth $520,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Lyman County?
6 housing units were authorised by permit in 2024, with a declared construction value of $1.2 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Lyman County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Lyman County come from?
The largest single origin is Lyman County Non-migrants, with 1,239 households. Arriving households report an average income of $45,877 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Lyman County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Lyman County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.