Hoven, SD
Population 341 · South Dakota
About Hoven, SD
Hoven is a small community located in South Dakota with a population of 341 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,250 per year, which is 18% below the national median of $75,149. The median age of 36.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hoven features a median home value of $88,800, which is 64% below the national median of $244,900. This makes Hoven one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 152 total housing units, 75% are owner-occupied (95 units) and 25% are renter-occupied (31 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hoven shows an unemployment rate of 0.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hoven have an average one-way commute time of 12.2 minutes, one of the shorter commutes in the region.
Education & Demographics
14.3% of Hoven residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Hoven Ranks in South Dakota
Cost of Living in Hoven, SD
Compared to national averages, Hoven has a median household income of $61,250 (18% below the national median of $75,149). Home values average $88,800, which is 64% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within South Dakota, Hoven's income is 5% below the state average of $64,650, and home values are 38% below the state median of $143,757.
Why Live in Hoven, SD?
Hoven offers affordable housing with a median home value of $88,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.6%. Additionally, the city features a low poverty rate of 5.4%, better than the national average, and short commute times averaging just 12.2 minutes.
Potential considerations include median household income ($61,250) that falls below the national average. However, Hoven’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Hoven has a population of 341 with a median age of 36.1 years. Compare Hoven with other cities to see how it stacks up, or explore all cities in South Dakota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Hoven
What is the population of Hoven, SD?
The population of Hoven, SD is 341 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in South Dakota.
What is the median household income in Hoven?
The median household income in Hoven, SD is $61,250 per year, which is 18% below the national median of $75,149.
What is the median home value in Hoven?
The median home value in Hoven, SD is $88,800, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hoven?
The median monthly rent in Hoven, SD is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Hoven?
The unemployment rate in Hoven, SD is 0.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hoven, SD a good place to live?
Hoven offers a moderate cost of living, affordable housing, and a strong job market. With a population of 341 and a median age of 36.1, the city appeals to a broad range of residents.
How educated is Hoven, SD?
14.3% of residents in Hoven aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Hoven?
Key cost-of-living indicators for Hoven, SD: median home value is $88,800 (64% below national), median rent is $0/month, and median household income is $61,250. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hoven?
The poverty rate in Hoven, SD is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hoven, SD?
Hoven's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.