HomeSouth DakotaCodington County
Codington County, South Dakota: commercial real estate data.
Codington County, South Dakota had an estimated 29,278 residents on July 1, 2024, up 3.4 percent since the 2020 census base of 28,323, across 688 square miles. County output reached $2.11 bn in 2024, 1,210 establishments operate here, and the SBA record carries 42 7(a) approvals worth $31.1 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Codington County
How many people live in Codington County
- Population, American Community Survey 2020-202428,767
- Households12,526
- Average household size2.30
- Median household income$72,727
- Median age40.4
- Median gross rent$938 per month
- Median owner-occupied home value$237,700
- Home value to household income3.3 times
- Annual rent as a share of median income15.5 percent
- Adults 25 and over with a bachelor degree or higher21.4 percent
- Adults 25 and over with a graduate degree5.7 percent
- Adults 25 and over19,626
- Population under 186,612
- Share under 1823.0 percent
- Population 65 and over5,625
- Share 65 and over19.6 percent
- Working age population, 18 to 6416,530
- Civilian labor force15,710
- Unemployment rate1.9 percent
- Labor force participation, adults 18 and over70.9 percent
- Rank by population among South Dakota counties7th of 66
- Rank by population among US county-equivalents, Puerto Rico included1514th of 3,222
Codington County is the 7th largest of 66 South Dakota counties by population. A median home costs 3.3 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 23.0 percent against 19.6 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Codington County
Is Codington County's population growing?
- Population, July 1, 202429,278
- Census 2020 base population28,323
- Population change since the 2020 census base3.37 percent
- Population change, 2023 to 2024326
- Births, 2024334
- Deaths, 2024277
- Natural change, 202457
- Net domestic migration, 2024267
- Net international migration, 20244
- Total net migration, 2024271
- Cumulative net domestic migration, 2021 to 2024722
- Rank by growth among US county-equivalents803rd of 3,144
The county has grown 3.37 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Codington County
Where are people moving to Codington County from?
- Tax returns filed by households arriving712
- People arriving, from those returns1,236
- Tax returns filed by households leaving687
- Net household movement25
- Adjusted gross income arriving$47.6 m
- Net adjusted gross income movement$-462,000
- Average income of an arriving household$66,831
- Average income of a leaving household$69,936
- Largest single originBrookings County (44 households)
- Largest single destinationMinnehaha County (78 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Brookings County | 44 | 62 | $1.8 m |
| Minnehaha County | 36 | 60 | $1.8 m |
| Hamlin County | 35 | 73 | $2.1 m |
| Clark County | 27 | 48 | $3.3 m |
| Brown County | 26 | 39 | $1.3 m |
| Roberts County | 25 | 41 | $1.1 m |
| Lincoln County | 20 | 34 | $1.2 m |
Households arriving report $3,105 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Brookings County, 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.
Codington County
What is the Codington County economy?
- County GDP, 2024$2.11 bn
- County GDP, 2023$2.04 bn
- GDP change, 2023 to 20243.2 percent
- GDP change over five years32.3 percent
- Rank by GDP among the South Dakota areas BEA publishes7th of 66
- Rank by GDP among the US county areas BEA publishes1229th of 3,127
- GDP per resident$73,370
Output grew 3.2 percent in the latest year and 32.3 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.
Codington County
Employment by industry in Codington County
- Covered employment, annual average17,261
- Establishments reporting1,431
- Average annual pay$52,139
- Average weekly wage$1,003
- Manufacturing, employment3,374
- Manufacturing, average annual pay$61,581
- Retail trade, employment2,582
- Retail trade, average annual pay$36,543
- Health care and social assistance, employment1,986
- Health care and social assistance, average annual pay$63,448
- Accommodation and food services, employment1,650
- Accommodation and food services, average annual pay$19,792
- Construction, employment1,008
- Wholesale trade, employment959
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 3,374 | 77 | $61,581 |
| Retail trade | 2,582 | 174 | $36,543 |
| Health care and social assistance | 1,986 | 95 | $63,448 |
| Accommodation and food services | 1,650 | 85 | $19,792 |
| Construction | 1,008 | 159 | $65,013 |
| Wholesale trade | 959 | 109 | $70,099 |
| Finance and insurance | 692 | 85 | $72,822 |
| Transportation and warehousing | 528 | 57 | $48,313 |
Manufacturing is the largest private sector at 3,374 jobs, 19.5 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Codington County
How many businesses are in Codington County?
- Establishments, all industries1,210
- Employment at those establishments15,001
- Annual payroll$685.1 m
- Establishments per 1,000 residents42.1
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Codington County
Building permits in Codington County
- Housing units authorized by permit, 2024159
- Declared construction value permitted$42.4 m
- Single family units authorized80
- Multifamily units authorized79
- Multifamily share of units49.7 percent
- Average declared value per unit$266,659
- Units authorized per 1,000 households12.7
Multifamily is 49.7 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Codington County
SBA loans in Codington County (7(a) and 504)
- 7(a) approvals recorded42
- 7(a) gross approval dollars$31.1 m
- Average 7(a) approval$740,343
- Median 7(a) approval$380,000
- 10th percentile approval$52,500
- 90th percentile approval$1,796,050
- Largest single approval$2,877,800
- Jobs reported supported, 7(a)333
- Jobs per approval7.9
- Distinct 7(a) lenders active21
- Distinct industries receiving approvals31
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer16.7 percent
- Loans on real estate terms7
- Loans on working capital terms, 120 months or shorter34
- Franchise loans3
- Franchise share of approvals7.1 percent
- Most active lenderFirst Bank & Trust (6)
- 504 approvals recorded48
- 504 gross approval dollars$21.0 m
- Average 504 approval$437,979
- Median 504 approval$318,000
- Distinct CDCs active3
- 504 jobs per approval5.6
- 504 jobs per million dollars approved12.7
- Most active CDCAlly Dakota Development, Inc. (40)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$52.1 m
The average approval of $740,343 sits well above the median of $380,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 16.7 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.
Codington County
SBA loan default and charge-off rates in Codington County
Do SBA loans in Codington County get paid back?
- Loans with a final outcome recorded8
- Paid in full8
- Charged off0
- Status: Paid in full8
- Status: Exempt from disclosure26
- Status: Cancelled8
Only 8 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Codington County
How large is Codington County?
- Land area688 sq mi
- Rank by land area among South Dakota counties47th of 66
- Width, east to west29.9 mi
- Height, north to south24 mi
- Geographies sharing a boundary5
- Residents per square mile of land42
- Establishments per square mile1.76
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.
Codington County
Flood risk in Codington County
- Participation of the county's own NFIP community Codington County, unincorporated areasParticipating, community 460260
- Communities in the county in the NFIP Community Status Book5
- Of those, participating in the NFIP3
- NFIP participation rate60.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 7
- Communities carrying a CRS class1
- Radon levels in Codington County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Codington County (community 460260), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Codington County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 7, which carries a flood insurance premium discount for policies written in that community. 60.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Codington 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 Codington County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202428,767
- Households12,526
- Average household size2.30
- Median household income$72,727
- Median age40.4
Common questions
Codington County questions, answered from the record.
How many people live in Codington County, South Dakota?
The Census Bureau estimates 29,278 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 28,767, in 12,526 households, ranking 7th of 66 South Dakota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Codington County's population growing?
The population has grown 3.37 percent since the 2020 census base of 28,323, to 29,278 on July 1, 2024. In 2024 there were 334 births against 277 deaths, with net migration of 271. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Codington County?
$72,727. The median owner-occupied home is valued at $237,700, which is 3.3 times income, and median gross rent is $938 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Codington County?
1,210 establishments, employing 15,001 people with an annual payroll of $685.1 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Codington County?
Manufacturing is the largest private sector at 3,374 jobs, 19.5 percent of covered employment. Covered employment averages 17,261 jobs at an average annual pay of $52,139, or $1,003 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Codington County?
42 7(a) approvals totaling $31.1 m since FY2020, across 21 lenders, with a median approval of $380,000, plus 48 504 approvals worth $21.0 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Codington County?
159 housing units were authorized by permit in 2024, with a declared construction value of $42.4 m. Multifamily was 49.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Codington 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 Codington County come from?
The largest single origin is Brookings County, with 44 households. Arriving households report an average income of $66,831 against $69,936 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Codington 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 Codington County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Codington County
Cities and places in Codington.
7 Census places lie wholly or partly in Codington County. All 7 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Watertown | city | 23,044 | 42 | Wholly in this county |
| Florence | town | 317 | None recorded | Wholly in this county |
| Henry | town | 237 | None recorded | Wholly in this county |
| South Shore | town | 183 | None recorded | Wholly in this county |
| Kranzburg | town | 175 | None recorded | Wholly in this county |
| Wallace | town | 66 | None recorded | Wholly in this county |
| Waverly | CDP | 7 | None recorded | Wholly in this county |