Updated Draft Housing Study Presented To Pierre/Fort Pierre Leadership Tuesday

Updated Draft Housing Study Presented To Pierre/Fort Pierre Leadership Tuesday

PIERRE — City leadership in Pierre and Fort Pierre saw the draft of a housing study update for the communities. The last such study done by Community Partners Research took place in 2012. Scott Knudson helped conduct the study and says the 2020 Census wasn’t kind for the area…

The average household growth in Fort Pierre was less than two households per year. The median household incomes for both cities; 68-thousand 400 in Pierre and 72-thousand, 800 in Fort Pierre are higher than the statewide median of 59-thousand 900. One of the biggest concerns from the study is what renters are having to pay for housing…

Knudson says hundreds of rental properties are being suggested by the study over the next five years…

Among other notes in the study, nearly all lots in Fort Pierre are over 100-thousand dollars and more moderately priced lots are needed. The annual demand for home ownership units in Pierre is 20 to 25 per year and 15 to 20 in Fort Pierre.