Pierre, SD Real Estate Market

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

Pierre, SD Housing Market Trends

With a population of 13,867, 6,140 total housing units (homes and apartments), and a median house value of $192,687, Pierre real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Pierre, accounting for 56.75% of the city's housing units. Other types of housing that are prevalent in Pierre include large apartment complexes or high rise apartments ( 21.71%), mobile homes or trailers ( 9.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.67%).

The most prevalent building size and type in Pierre are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.20% owning and 40.80% renting.

There is a lot of housing in Pierre built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Pierre built between 1940-1969 ( 27.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.16%). There's also some housing in Pierre built before 1939 ( 12.22%).

Pierre Home Appreciation Rates

Real estate appreciation rates in Pierre's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.17% during the period.

Over the last year, Pierre appreciation rates have trailed the rest of the nation. In the last twelve months, Pierre's appreciation rate has been 6.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pierre were at 2.10%, which equates to an annual appreciation rate of 8.68%.

Relative to South Dakota, our data show that Pierre's latest annual appreciation rate is lower than 80% of the other cities and towns in South Dakota.

Average Home Values

 

Median Home Value:
$192,687

Pierre, SD HOME PRICES

> $1,135,000
0.0%
0.0%
$851,001 - $1,135,000
0.3%
0.3%
$568,001 - $851,000
2.1%
2.1%
$454,001 - $568,000
1.6%
1.6%
$340,001 - $454,000
7.6%
7.6%
$227,001 - $340,000
22.8%
22.8%
$113,001 - $227,000
50.3%
50.3%
$57,001 - $113,000
7.8%
7.8%
$0 - $57,000
7.4%
7.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for SD

Value Relative To Nation

Number Of Homes And Apartments:
6,140

Pierre Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
91.24% 3.06%
3
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$984 / per month

Homeownership Rate

Owners
59.2%
59.2%
Renters
40.8%
40.8%
Vacant
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.2%
13.2%
1970 - 1999
47.2%
47.2%
1940 - 1969
27.4%
27.4%
1939 or Older
12.2%
12.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
56.7%
56.7%
Townhomes
4.1%
4.1%
Small Apt. Buildings
7.7%
7.7%
Apt. Complexes
21.7%
21.7%
Mobile Homes
9.8%
9.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.7%
4.7%
1 Bedroom
13.3%
13.3%
2 Bedrooms
27.0%
27.0%
3 Bedrooms
33.3%
33.3%
4 Bedrooms
18.2%
18.2%
5 or more bedrooms
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Popular Communities Near Pierre, SD

Zip Codes in Pierre, SD