HomeSouth DakotaPerkins County
Perkins County, South Dakota: commercial real estate data.
Perkins County, South Dakota has a population of 3,001 across 2,870 square miles, down 0.6 percent since the 2020 census base. County output reached $175.6 m in 2024, 113 establishments operate here, and the SBA record carries 2 7(a) approvals worth $557,500.
111 sourced county values · tier FULL · 11 sections
Perkins County
How many people live in Perkins County
- Population3,001
- Households1,309
- Average household size2.29
- Median household income$66,908
- Median age44.0
- Median gross rent$738 per month
- Median owner-occupied home value$114,600
- Home value to household income1.7 times
- Annual rent as a share of median income13.2 percent
- Adults 25 and over with a bachelor degree or higher24.9 percent
- Adults 25 and over with a graduate degree8.8 percent
- Adults 25 and over2,156
- Population under 18671
- Share under 1822.4 percent
- Population 65 and over806
- Share 65 and over26.9 percent
- Working age population, 18 to 641,524
- Civilian labor force1,585
- Unemployment rate4.9 percent
- Labor force participation, adults 18 and over68.0 percent
- Rank by population among South Dakota counties48th of 66
- Rank by population among US county-equivalents3033rd
Perkins County is the 48th largest of 66 South Dakota counties by population. A median home costs 1.7 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 26.9 percent against 22.4 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Perkins County
Is Perkins County growing
- Population change since the 2020 census base-0.60 percent
- Census 2020 base population2,849
- Births, 202434
- Deaths, 202442
- Natural change, 2024-8
- Net domestic migration, 202418
- Net international migration, 20240
- Total net migration, 202418
- Cumulative net domestic migration, 2021 to 202443
- Rank by growth among US county-equivalents2059th
The county has lost 0.60 percent of its population since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Perkins County
Where people moving to Perkins County come from
- Tax returns filed by households arriving27
- People arriving, from those returns50
- Adjusted gross income arriving$1.2 m
- Net adjusted gross income movement$0
- Average income of an arriving household$43,111
- Largest single originPerkins County Non-migrants (1,107 households)
- Largest single destination (1,107 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Perkins County Non-migrants | 1,107 | 2,257 | $61.1 m |
| Other flows - Same State | 27 | 50 | $1.2 m |
The largest single source of arrivals is Perkins 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.
Perkins County
What the Perkins County economy runs on
- County GDP, 2024$175.6 m
- County GDP, 2023$166.6 m
- GDP change, 2023 to 20245.4 percent
- GDP change over five years27.0 percent
- Rank by GDP among South Dakota counties48th
- Rank by GDP among US county-equivalents2936th
- GDP per resident$58,526
Output grew 5.4 percent in the latest year and 27.0 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.
Perkins County
Who employs people in Perkins County
- Covered employment, annual average1,119
- Establishments reporting139
- Average annual pay$41,738
- Average weekly wage$803
- Sector 44-45, employment132
- Sector 44-45, average annual pay$25,010
- Sector 62, employment121
- Sector 62, average annual pay$37,859
- Sector 42, employment116
- Sector 42, average annual pay$52,711
- Sector 56, employment90
- Sector 56, average annual pay$55,041
- Sector 23, employment57
- Sector 52, employment44
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 132 | 18 | $25,010 |
| Sector 62 | 121 | 10 | $37,859 |
| Sector 42 | 116 | 8 | $52,711 |
| Sector 56 | 90 | 9 | $55,041 |
| Sector 23 | 57 | 10 | $55,340 |
| Sector 52 | 44 | 10 | $63,261 |
| Sector 81 | 36 | 11 | $43,330 |
| Sector 54 | 18 | 10 | $46,391 |
The largest sector is the biggest private employer group at 132 jobs, 11.8 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.
Perkins County
What businesses operate in Perkins County
- Establishments, all industries113
- Employment at those establishments734
- Annual payroll$30.2 m
- Establishments per 1,000 residents37.7
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.
Perkins County
What is being built in Perkins County
- Housing units authorised by permit, 20240
- Declared construction value permitted$0
- Single family units authorised0
- Multifamily units authorised0
No residential units were authorised by permit in 2024. In a small county this is common and is not by itself a sign of distress, but it does mean there is no recent residential pipeline to read demand from.
US Census Bureau, Building Permits Survey, 2024 annual.
Perkins County
How much SBA lending happens in Perkins County
- 7(a) approvals recorded2
- 7(a) gross approval dollars$557,500
- Average 7(a) approval$278,750
- Median 7(a) approval$310,000
- 10th percentile approval$247,500
- 90th percentile approval$310,000
- Largest single approval$310,000
- Jobs reported supported, 7(a)10
- Jobs per approval5.0
- Distinct 7(a) lenders active1
- Distinct industries receiving approvals2
- 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 shorter2
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countFarm Product Warehousing and Storage (1)
- Most active lenderDacotah Bank (2)
- 504 approvals recorded1
- 504 gross approval dollars$1.2 m
- Average 504 approval$1,169,000
- Median 504 approval$1,169,000
- Distinct CDCs active1
- 504 jobs per approval3.0
- 504 jobs per million dollars approved2.6
- Most active CDCAlly Dakota Development, Inc. (1)
- 7(a) share of SBA approvals66.7 percent
- Combined SBA approval dollars$1.7 m
The average approval of $278,750 sits close to the median of $310,000, 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.
Perkins County
Do SBA loans in Perkins County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure2
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.
Perkins County
Which parts of Perkins County get the lending
- Places in the county with recorded lending2
- Lemmon, approvals1
- Bison, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Lemmon | 1 | $247,500 |
| Bison | 1 | $310,000 |
Lemmon accounts for 1 approvals against 1 in Bison. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Perkins County
How big is Perkins County
- Land area2,870 sq mi
- Rank by land area among South Dakota counties2nd of 66
- Width, east to west46.1 mi
- Height, north to south62.7 mi
- Geographies sharing a boundary5
- Residents per square mile of land1
- Establishments per square mile0.04
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 Perkins 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 Perkins County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population3,001
- Households1,309
- Average household size2.29
- Median household income$66,908
- Median age44.0
Common questions
Perkins County questions, answered from the record.
How many people live in Perkins County, South Dakota?
3,001, in 1,309 households, ranking 48th of 66 South Dakota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Perkins County growing?
The population has fallen 0.60 percent since the 2020 census base. In 2024 there were 34 births against 42 deaths, with net migration of 18. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Perkins County?
$66,908. The median owner-occupied home is valued at $114,600, which is 1.7 times income, and median gross rent is $738 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Perkins County?
113 establishments, employing 734 people with an annual payroll of $30.2 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 Perkins County?
Average annual pay is $41,738, or $803 a week, across 1,119 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Perkins County?
2 7(a) approvals totalling $557,500 since FY2020, across 1 lenders, with a median approval of $310,000, plus 1 504 approvals worth $1.2 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Perkins County?
No residential units were authorised by permit in 2024. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Perkins 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 Perkins County come from?
The largest single origin is Perkins County Non-migrants, with 1,107 households. Arriving households report an average income of $43,111 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 Perkins 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 Perkins 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.