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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 Q4 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (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

$309,918

Number Of Homes And Apartments:

358,552

South Dakota Home Prices

> $1,284,343
$963,094 - $1,284,343
$642,200 - $963,093
$513,871 - $642,199
$385,243 - $513,870
$256,958 - $385,242
$128,630 - $256,957
$64,294 - $128,629
$0 - $64,293
1.4%
1.4%
1.8%
1.8%
6.9%
6.9%
8.0%
8.0%
14.4%
14.4%
28.1%
28.1%
23.3%
23.3%
7.7%
7.7%
8.3%
8.3%
0% 100.0%
% of Homes

South Dakota Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,170 / per month

Homeownership Rate

Owners
Renters
66.2%
66.2%
33.8%
33.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.9%
10.9%
89.1%
89.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
27.9%
27.9%
35.9%
35.9%
20.0%
20.0%
16.3%
16.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.1%
67.1%
4.3%
4.3%
5.2%
5.2%
15.7%
15.7%
7.6%
7.6%
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%
9.8%
9.8%
26.8%
26.8%
32.2%
32.2%
20.3%
20.3%
9.1%
9.1%
0% 100.0%
% of Homes