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 Q2 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

Average Home Values

Median Home Value:
$192,687

Number Of Homes And Apartments:
344,397

South Dakota Home Prices

> $1,200,925
0.8%
0.8%
$900,621 - $1,200,925
0.7%
0.7%
$600,628 - $900,620
2.5%
2.5%
$480,311 - $600,627
3.0%
3.0%
$360,370 - $480,310
8.3%
8.3%
$240,294 - $360,369
19.0%
19.0%
$120,076 - $240,293
37.1%
37.1%
$60,107 - $120,075
15.1%
15.1%
$0 - $60,106
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:
2021 Q1 - 2021 Q2
6.44% 28.35%
9
Last 12 Months:
2020 Q2 - 2021 Q2
11.72% 11.72%
6
Last 2 Years:
2019 Q2 - 2021 Q2
16.57% 7.97%
6
Last 5 Years:
2016 Q2 - 2021 Q2
34.23% 6.06%
6
Last 10 Years:
2011 Q2 - 2021 Q2
58.11% 4.69%
7
Since 2000:
2000 Q1 - 2021 Q2
131.25% 4.02%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,021 / 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