Aberdeen, 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 Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Aberdeen, SD Housing Market Trends

With 28,257 people, 12,089 houses or apartments, and a median cost of homes of $197,740, Aberdeen 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 Aberdeen, accounting for 56.44% of the city's housing units. Other types of housing that are prevalent in Aberdeen include large apartment complexes or high rise apartments ( 24.99%), duplexes, homes converted to apartments or other small apartment buildings ( 8.63%), and a few row houses and other attached homes ( 4.86%).

People in Aberdeen primarily live in small (one, two or no bedroom) single-family detached homes. Aberdeen has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Aberdeen 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 Aberdeen built between 1940-1969 ( 27.48%). A lesser amount of the housing stock also hails from before 1939 ( 19.96%). There's also some housing in Aberdeen built between 2000 and later ( 16.40%).

Aberdeen Home Appreciation Rates

Real estate appreciation rates in Aberdeen's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.56% during the period.

Over the last year, Aberdeen appreciation rates have trailed the rest of the nation. In the last twelve months, Aberdeen's appreciation rate has been 3.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Aberdeen were at 1.87%, which equates to an annual appreciation rate of 7.71%.

Relative to South Dakota, our data show that Aberdeen's latest annual appreciation rate is lower than 90% of the other cities and towns in South Dakota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Aberdeen differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Aberdeen - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Aberdeen real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$197,740

Aberdeen, SD HOME PRICES

> $1,122,000
0.0%
0.0%
$841,001 - $1,122,000
0.3%
0.3%
$561,001 - $841,000
1.5%
1.5%
$449,001 - $561,000
4.4%
4.4%
$336,001 - $449,000
6.1%
6.1%
$224,001 - $336,000
20.6%
20.6%
$112,001 - $224,000
44.6%
44.6%
$56,001 - $112,000
15.4%
15.4%
$0 - $56,000
7.0%
7.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for SD

Value Relative To Nation

Number Of Homes And Apartments:
12,089

Aberdeen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SD*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
92.27% 3.12%
3
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$926 / per month

Homeownership Rate

Owners
54.1%
54.1%
Renters
45.9%
45.9%
Vacant
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
16.4%
16.4%
1970 - 1999
36.2%
36.2%
1940 - 1969
27.5%
27.5%
1939 or Older
20.0%
20.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
56.4%
56.4%
Townhomes
4.9%
4.9%
Small Apt. Buildings
8.6%
8.6%
Apt. Complexes
25.0%
25.0%
Mobile Homes
4.7%
4.7%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
15.5%
15.5%
2 Bedrooms
30.5%
30.5%
3 Bedrooms
28.9%
28.9%
4 Bedrooms
15.6%
15.6%
5 or more bedrooms
7.0%
7.0%
0.0% 100.0%
% OF HOMES