South Dakota
Apartments and their residents contribute more than $3.5 billion to the economy every day.
Market Snapshot

The Demand

New research shows that demand for apartments is on the rise. Whether it's young professionals, couples, families or empty nesters, this state will need to add 0 new apartment homes by 2030

Chart Info
Percent Change, 2016-2030
%
Apartment Household Growth
Population growth and a higher propensity to rent will create a need for more apartments by 2030.
Chart Info
Percent Change, 2016-2030
%
Household Growth
As our population grows, this puts strain on the existing housing supply. A variety of housing options will be needed to meet diverse needs.
0
Apartment Homes Needed in the Country
Avg Annual Construction Rate (2011-2016)
New Apartments Needed
We need to build more
The country will need to add over 0 new apartment homes each year on average to keep up with demand. The industry averaged just 0 completions from 2011-2016 .
Chart Info
Percent Change, 2016-2030
Source: Hoyt Advisory Services; NMHC/NAA; U.S. Census Bureau.; Axiometrics, a RealPage Company
The Report
NMHC and NAA partnered with Hoyt Advisory Services to identify the demand for apartments through 2030. Download their analysis of the apartment industry.
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A vision for 2030
Meeting the country's demand for apartments will take courageous steps at the federal, state and local levels.
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We Are Apartments
In communities across the country, apartments work -- helping people live in a home that’s right for them.
Learn More @ https://weareapartments.org/data/state/south-dakota

South Dakota

New research shows that demand for apartments is on the rise. Whether it's young professionals, couples, families or empty nesters, this state will need to add 0 new apartment homes by 2030

Chart Info
Percent Change, 2016-2030
0%
Apartment Household Growth
Population growth and a higher propensity to rent will create a ..
Chart Info
Percent Change, 2016-2030
0%
Household Growth
As our population grows, this puts strain on the existing housing ..
0
Apartment Homes Needed in the Country
Avg Annual Construction Rate (2011-2016)
New Apartments Needed
Chart Info
Percent Change, 2016-2030
South Dakota
Apartments and their residents contribute more than $3.5 billion to the economy every day.
Market Snapshot