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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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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

$273,229

Number Of Homes And Apartments:

351,358

South Dakota Home Prices

> $1,439,981
$1,080,064 - $1,439,981
$719,624 - $1,080,063
$576,178 - $719,623
$431,998 - $576,177
$287,791 - $431,997
$143,943 - $287,790
$72,004 - $143,942
$0 - $72,003
1.0%
1.0%
1.1%
1.1%
3.7%
3.7%
4.7%
4.7%
10.7%
10.7%
23.3%
23.3%
32.5%
32.5%
12.0%
12.0%
11.1%
11.1%
0% 100.0%
% of Homes

South Dakota Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,417 / per month

Homeownership Rate

Owners
Renters
Vacant
66.0%
66.0%
34.0%
34.0%
11.8%
11.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.6%
24.6%
37.8%
37.8%
20.6%
20.6%
16.9%
16.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.3%
67.3%
4.1%
4.1%
5.4%
5.4%
14.9%
14.9%
8.2%
8.2%
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%
9.4%
9.4%
27.0%
27.0%
33.0%
33.0%
20.3%
20.3%
8.3%
8.3%
0% 100.0%
% of Homes