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Faulk County

Per Cent Home Owners

 
 
         
Over 90% 70 to 90 50 to 70 30 to 50 Under 30%

Overview

The map on the left shows the percentage of home owners in Faulk County. For most households it is the single largest investment that a household can make. Owning a home means ...

  • •  Building generational wealth
  • •  Liberation from rental increases
  • •  Safeguards against inflation
  • •  Potential tax savings
  • •  Social, health, and psychological benefits

Base on various studies, neighborhoods with high percentages of owned homes tend to be more stable over time. Thereby creating a better environment for raising children, creating long term relationships and development of a stronger neighborhood (e.g. crime prevention and civic pride)

Sources: STI: PopStats

Owner/Renter Comparison


Data Topic Faulk County  South Dakota  Nation 
Total Population 2,097930,971340,981,027

Housing

Owner Occupied 577251,49884,315,969
Renter Occupied 171116,85046,128,534
Vacant 25341,90213,710,083
Total Housing 1,001410,250144,154,586

Per Cent Housing

Owner Occupied 57.6461.3058.49
Renter Occupied 17.0828.4832.00
Vacant 25.2710.219.51