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 2020. 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

Average Home Values

Median Home Value:
$185,461

Number Of Homes And Apartments:
344,397

South Dakota Home Prices

> $1,163,270
0.8%
0.8%
$872,418 - $1,163,270
0.7%
0.7%
$582,001 - $872,417
2.5%
2.5%
$465,197 - $582,000
3.0%
3.0%
$349,001 - $465,196
8.3%
8.3%
$232,874 - $349,000
19.0%
19.0%
$116,422 - $232,873
37.1%
37.1%
$58,227 - $116,421
15.1%
15.1%
$0 - $58,226
13.4%
13.4%
0.0% 100.0%
% OF HOMES

South Dakota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q3 - 2020 Q4
2.22% 9.17%
7
Last 12 Months:
2019 Q4 - 2020 Q4
5.47% 5.47%
4
Last 2 Years:
2018 Q4 - 2020 Q4
10.38% 5.06%
3
Last 5 Years:
2015 Q4 - 2020 Q4
26.88% 4.88%
5
Last 10 Years:
2010 Q4 - 2020 Q4
44.98% 3.78%
7
Since 2000:
2000 Q1 - 2020 Q4
114.93% 3.76%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$954 / per month

Homeownership Rate

Owners
65.2%
65.2%
Renters
34.8%
34.8%
Vacant
12.2%
12.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
22.2%
22.2%
1970 - 1999
39.0%
39.0%
1940 - 1969
21.4%
21.4%
1939 or Older
17.5%
17.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.6%
67.6%
Townhomes
3.8%
3.8%
Small Apt. Buildings
5.1%
5.1%
Apt. Complexes
14.8%
14.8%
Mobile Homes
8.7%
8.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
9.3%
9.3%
2 Bedrooms
27.4%
27.4%
3 Bedrooms
33.4%
33.4%
4 Bedrooms
19.7%
19.7%
5 or more bedrooms
8.0%
8.0%
0.0% 100.0%
% OF HOMES