Pierre, SD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pierre Neighborhoods Since 2000




Pierre, SD Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Pierre Housing Market Information

With a population of 14,002, 5,874 total housing units (homes and apartments), and a median house value of $168,596, 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 59.30% of the city's housing units. Other types of housing that are prevalent in Pierre include large apartment complexes or high rise apartments ( 21.91%), mobile homes or trailers ( 8.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.02%).

The most prevalent building size and type in Pierre are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.65% owning and 42.35% renting.

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 ( 31.06%). A lesser amount of the housing stock also hails from before 1939 ( 11.95%). There's also some housing in Pierre built between 2000 and later ( 11.63%).

Pierre Home Appreciation Rates

In the last 10 years, Pierre has experienced some of the highest home appreciation rates of any community in the nation. Pierre real estate appreciated 21.60% over the last ten years, which is an average annual home appreciation rate of 1.97%, putting Pierre in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pierre definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Pierre appreciation rates have trailed the rest of the nation. In the last twelve months, Pierre's appreciation rate has been 2.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pierre were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to South Dakota, our data show that Pierre's latest annual appreciation rate is lower than 80% of the other cities and towns in South Dakota.

Average Home Values

 

Median Home Value:
$168,596

Pierre, SD HOME PRICES

Value Range
> $1,135,000 1.1
$851,001 - $1,135,000 0.0
$567,001 - $851,000 1.9
$454,001 - $567,000 0.5
$341,001 - $454,000 5.0
$227,001 - $341,000 23.3
$113,001 - $227,000 48.6
$57,001 - $113,000 10.3
$0 - $57,000 9.4

High for SD
Average for Nation

Value Relative to Nation Value Relative to State
42.1129731630142 20.8333333333333

Number Of Homes And Apartments:
5,874

Pierre Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
66.62% 3.00% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$827 / per month

Homeownership Rate

Homeownership
Owners 57.65
Renters 42.35
Vacant 6.69

Housing Market Details

 

Age of Homes

AGE OF Pierre HOMES
2000 or Newer 11.6
1970 - 1999 45.4
1940 - 1969 31.1
1939 or Older 11.9

Types of Homes

TYPE OF Pierre HOMES
Single-Family 59.3
Townhomes 2.1
Small Apt. Buildings 8.0
Apt. Complexes 21.9
Mobile Homes 8.5
Other 0.1

Home Size

SIZE OF Pierre HOMES
No Bedroom 5.13
1 Bedroom 15.98
2 Bedrooms 21.00
3 Bedrooms 33.09
4 Bedrooms 19.08
5 or more bedrooms 5.72

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Zip Codes in Pierre, SD