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South Dakota
Real Estate Appreciation & Housing Market Trends






South Dakota Real Estate Market & Appreciation

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

Average Home Values

Median Home Value

$296,561

Number Of Homes And Apartments:

351,182

South Dakota Home Prices

> $1,320,065
$990,168 - $1,320,065
$660,172 - $990,167
$528,172 - $660,171
$396,448 - $528,171
$264,003 - $396,447
$132,001 - $264,002
$66,001 - $132,000
$0 - $66,000
1.4%
1.4%
1.5%
1.5%
5.5%
5.5%
7.0%
7.0%
12.6%
12.6%
25.8%
25.8%
26.5%
26.5%
9.7%
9.7%
10.0%
10.0%
0% 100.0%
% of Homes

South Dakota Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,314 / per month

Homeownership Rate

Owners
Renters
66.0%
66.0%
34.0%
34.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.5%
11.5%
88.5%
88.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.2%
26.2%
37.3%
37.3%
20.2%
20.2%
16.4%
16.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.1%
67.1%
4.2%
4.2%
5.3%
5.3%
15.4%
15.4%
7.8%
7.8%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
9.5%
9.5%
26.9%
26.9%
32.7%
32.7%
20.3%
20.3%
8.7%
8.7%
0% 100.0%
% of Homes