South Dakota Housing Market Trends
Real-time market data powered by Zillow Research. Last updated: 2026-03-03
Is Now a Good Time to Buy in South Dakota?
The South Dakota housing market is showing balanced conditions.
home values have grown a moderate 2.4% year-over-year. there are currently 258 homes on the market.
Median Home Value
$307,422
Zillow Home Value Index
Year-over-Year
+2.4%
Home value change
5-Year Change
+36.2%
Since 2021
Median Rent
$1,331/mo
Zillow Observed Rent Index
Active Listings
258
Homes for sale
Home Value Trends
5-year Zillow Home Value Index (ZHVI) for South Dakota vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.
Rent Trends
Average rent in South Dakota: $1,331/mo (+2% YoY)
Rent vs. Buy Analysis
With a median home value of $307,422 and average rent of $1,331/mo, the price-to-rent ratio in South Dakota is 19.2. A ratio of 15-21 means it could go either way — run the numbers.
Run Full Rent vs. Buy CalculatorTop Markets in South Dakota
Explore housing data for 11 metro areas in South Dakota. Click any market for detailed trends and analysis.
Spearfish, SD
$437,255
Avg rent: $1,398/mo
Rapid City, SD
$360,342
Avg rent: $1,320/mo
Sioux Falls, SD
$329,005
Avg rent: $1,234/mo
Watertown, SD
$324,964
Brookings, SD
$301,354
Avg rent: $2,000/mo
Pierre, SD
$282,077
Vermillion, SD
$274,019
Avg rent: $1,000/mo
Yankton, SD
$267,055
Mitchell, SD
$246,214
Avg rent: $1,032/mo
Aberdeen, SD
$227,871
Huron, SD
$183,211
Continue Learning About South Dakota
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.