South Dakota housing market: home prices by city
South Dakota home prices: in September 2026 the Zillow Home Value Index put the typical home at $317,874, which is +2.3% on a year earlier.
- Value of a typical home
- $317,874September 2026, Zillow ZHVI
- Change over 12 months
- +2.3%US +1.2%
- Change over 10 years
- +75.8%US +77.4%
- Growth multiple from 2000
- ×2.95US ×2.99
- Price relative to income
- 4.1. Median income of $76,881.
South Dakota ranks 31st for typical home value and 22nd on the 12-month change in the 50 states and DC, highest first; growth since 2000 is 19th of 47 and price to income is 32nd.
South Dakota home prices since 2000
A typical South Dakota home was worth $107,837 in January 2000 and $317,874 later; the peak month came in April 2026, at $318,692.
| Decade | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2000s | $106,868 | $108,546 | $111,844 | $116,421 | $123,203 | $131,868 | $138,297 | $142,680 | $146,715 | $146,562 |
| 2010s | $145,514 | $145,085 | $159,529 | $164,275 | $171,461 | $179,651 | $187,264 | $196,145 | $205,882 | |
| 2020s | $218,791 | $248,956 | $287,529 | $295,888 | $302,728 | $310,500 |
South Dakota home prices since 1975: the FHFA index
By FHFA's repeat-sales measure (1975 = 100 as the base), South Dakota reached 924 in 2025; in Q2 2026 the index stood +2.2% on a year.
Owners reported these Census of Housing figures: South Dakota at $1,618 in 1940, then $79,600 in 2000.
| Census year | South Dakota median value | US median value |
|---|---|---|
| 1940 | $1,618 | $2,938 |
| 1950 | $5,410 | $7,354 |
| 1960 | $8,800 | $11,900 |
| 1970 | $11,400 | $17,000 |
| 1980 | $36,600 | $47,200 |
| 1990 | $45,200 | $79,100 |
| 2000 | $79,600 | $119,600 |
No inflation adjustment is applied. Census of Housing tables
Home prices in South Dakota by city
Here, 2 cities have a page, largest first:
| City | Value of a typical home | Change over 12 months | Growth multiple from 2000 |
|---|---|---|---|
| Sioux Falls | $330,625 | +1.1% | |
| Rapid City | $360,913 | +1.9% | |
| Aberdeen | $243,640 | +5.5% | |
| Watertown | $311,434 | +4.6% | |
| Brookings | $325,663 | +5.4% | |
| Yankton | $276,965 | +1.8% | |
| Mitchell | $252,190 | +1.0% | |
| Spearfish | $450,602 | −0.6% | |
| Pierre | $298,211 | +3.1% | |
| Huron | $177,739 | +2.8% | |
| Vermillion | $271,465 | +1.5% | |
| Sturgis | $372,605 | +2.1% | |
| Brandon | $392,989 | +2.0% | |
| Box Elder | $367,063 | +2.4% | |
| Madison | $263,217 | +1.0% |
Zillow Home Value Index, September 2026.
Metro forecasts: where South Dakota prices are headed
Zillow's 12-month forecasts, September 2026 for 2 South Dakota metros, lie between +3.0% and +3.7%:
| Metro | Next 3 months | Next 12 months |
|---|---|---|
| Sioux Falls, SD | +1.1% | +3.0% |
| Rapid City, SD | +1.3% | +3.7% |
An estimate from Zillow, not investment advice.
Living costs in South Dakota
The price level for South Dakota is 88.6 (US 100), with housing at 67.6, goods at 95.5, utilities at 79.7 and other services at 91.9 (BEA). For Census ACS 2024, median household income is $76,881 and median gross rent $999 a month; 68% of homes are owner-occupied, and the median year built is 1984.
All states: living costs, state by state.
How to read this chart
Dollars are used in the first chart, and its peak is $318,692, recorded in April 2026. An index is what the second chart shows: the South Dakota line closes at 924, meaning prices in the state are 9.2 times their 1975 level. No inflation adjustment applies to either.