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 Q1 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

Average Home Values

Median Home Value:
$187,998

Number Of Homes And Apartments:
344,397

South Dakota Home Prices

> $1,173,024
0.8%
0.8%
$880,007 - $1,173,024
0.7%
0.7%
$586,513 - $880,006
2.5%
2.5%
$469,072 - $586,512
3.0%
3.0%
$352,078 - $469,071
8.3%
8.3%
$234,637 - $352,077
19.0%
19.0%
$117,378 - $234,636
37.1%
37.1%
$58,824 - $117,377
15.1%
15.1%
$0 - $58,823
13.4%
13.4%
0.0% 100.0%
% OF HOMES

South Dakota Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2020 Q4 - 2021 Q1
1.08% 4.38%
2
Last 12 Months:
2020 Q1 - 2021 Q1
5.41% 5.41%
2
Last 2 Years:
2019 Q1 - 2021 Q1
11.02% 5.36%
3
Last 5 Years:
2016 Q1 - 2021 Q1
27.02% 4.90%
4
Last 10 Years:
2011 Q1 - 2021 Q1
47.20% 3.94%
6
Since 2000:
2000 Q1 - 2021 Q1
117.09% 3.76%
6
* 10 is highest

Rent & Homeownership

Average Market Rent:
$952 / per month

Homeownership Rate

Owners
65.2%
65.2%
Renters
34.8%
34.8%
Vacant
12.2%
12.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
22.2%
22.2%
1970 - 1999
39.0%
39.0%
1940 - 1969
21.4%
21.4%
1939 or Older
17.5%
17.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.6%
67.6%
Townhomes
3.8%
3.8%
Small Apt. Buildings
5.1%
5.1%
Apt. Complexes
14.8%
14.8%
Mobile Homes
8.7%
8.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
9.3%
9.3%
2 Bedrooms
27.4%
27.4%
3 Bedrooms
33.4%
33.4%
4 Bedrooms
19.7%
19.7%
5 or more bedrooms
8.0%
8.0%
0.0% 100.0%
% OF HOMES