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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pierre, SD Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pierre, SD Housing Market Trends

With 13,969 people, 6,092 houses or apartments, and a median cost of homes of $280,575, Pierre real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Pierre, accounting for 62.31% of the city's housing units. Other types of housing that are prevalent in Pierre include large apartment complexes or high rise apartments ( 18.04%), mobile homes or trailers ( 10.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pierre. Owner-occupied housing accounts for 65.11% of Pierre's homes, and 55.48% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pierre built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pierre built between 1940-1969 ( 27.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.75%). There's also some housing in Pierre built before 1939 ( 9.68%).

Pierre Home Appreciation Rates

Pierre's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pierre during the period has been just 5.29%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Pierre's appreciation rate, at 6.45%, has been at or slightly above the national average. In the latest quarter, Pierre's appreciation rate has been 0.87%, which annualizes to a rate of 3.52%.

Relative to South Dakota, our data show that Pierre's latest annual appreciation rate is lower than 50% of the other cities and towns in South Dakota.

Average Home Values

Median Home Value

$280,575

Pierre, SD Home Prices
> $1,324,000
$993,001 - $1,324,000
$662,001 - $993,000
$530,001 - $662,000
$397,001 - $530,000
$265,001 - $397,000
$133,001 - $265,000
$66,001 - $133,000
$0 - $66,000
0.0%
0.0%
0.3%
0.3%
4.2%
4.2%
5.5%
5.5%
13.7%
13.7%
34.2%
34.2%
30.0%
30.0%
6.8%
6.8%
5.2%
5.2%
0% 100.0%
% of Homes
High

for South dakota

Average

for nation

Number of Homes And Apartments:

6,092

Pierre Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,584 / per month

Homeownership Rate

Owners
Renters
65.1%
65.1%
34.9%
34.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.3%
6.3%
93.7%
93.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.8%
15.8%
47.2%
47.2%
27.3%
27.3%
9.7%
9.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.3%
62.3%
4.6%
4.6%
5.1%
5.1%
18.0%
18.0%
10.0%
10.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.9%
3.9%
8.3%
8.3%
25.1%
25.1%
34.0%
34.0%
21.5%
21.5%
7.1%
7.1%
0% 100.0%
% of Homes

Popular Neighborhoods in Pierre

Popular Communities Near Pierre, SD

Zip Codes in Pierre, SD