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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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:
$236,975

Number Of Homes And Apartments:
347,878

South Dakota Home Prices

> $1,330,481
$998,191 - $1,330,481
$665,296 - $998,190
$532,056 - $665,295
$399,080 - $532,055
$266,162 - $399,079
$132,960 - $266,161
$66,535 - $132,959
$0 - $66,534
0.8%
0.8%
0.9%
0.9%
3.1%
3.1%
3.9%
3.9%
10.0%
10.0%
22.0%
22.0%
34.8%
34.8%
12.9%
12.9%
11.7%
11.7%
0.0% 100.0%
% OF HOMES

South Dakota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q3 - 2021 Q4
3.84% 16.29%
8
Last 12 Months:
2020 Q4 - 2021 Q4
18.55% 18.55%
7
Last 2 Years:
2019 Q4 - 2021 Q4
25.34% 11.95%
6
Last 5 Years:
2016 Q4 - 2021 Q4
43.99% 7.56%
6
Last 10 Years:
2011 Q4 - 2021 Q4
71.36% 5.53%
7
Since 2000:
2000 Q1 - 2021 Q4
154.50% 4.39%
7
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,079 / per month

Homeownership Rate

Owners
Renters
Vacant
65.4%
65.4%
34.6%
34.6%
12.3%
12.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.9%
22.9%
38.6%
38.6%
21.1%
21.1%
17.4%
17.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.3%
67.3%
3.8%
3.8%
5.5%
5.5%
14.7%
14.7%
8.6%
8.6%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
9.3%
9.3%
27.6%
27.6%
33.1%
33.1%
19.9%
19.9%
8.1%
8.1%
0.0% 100.0%
% OF HOMES