South Dakota Average Home Price by City (2026)

The average home price in South Dakota (SD) is about $298,000 — the 2026 median, at ~$165/sq ft — 3% more expensive than the typical U.S. home.

$298,000
South Dakota median value
$165
Median price / sq ft
~1,810
sq ft a median budget buys
+3%
vs U.S. median
Sioux Falls — $327,000Sioux FallsRapid City — $360,000Rapid City

Shaded by price · click a city to explore. Colour = median home value.

Considering a move to South Dakota?

Housing in South Dakota is 3% more expensive than the national average, with a typical home around $298,000 and a local rate near $165 per square foot. Among the 2 South Dakota cities we track, Rapid City is the most expensive (median $360,000) and Sioux Falls is the most affordable (median $327,000) — so where you land in the state matters as much as the state itself.

Browse South Dakota cities

Rapid City$360,000Sioux Falls$327,000

South Dakota home prices by county

3 South Dakota counties with enough data for their own page, priciest first:

Minnehaha County$355,000Lincoln County$326,000Spink County$185,500

Don’t see your city? Use the free Home Value Estimator for any U.S. ZIP, see the most expensive ZIP codes in America, or browse the full U.S. directory.

Home value appreciation in South Dakota

Home prices in South Dakota have risen about 85% over the last 10 years (≈6.3% a year) and +125.7% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +3.1% — still rising. A home worth $298,000 today was worth roughly $161,343 ten years ago.

+3.1%
1-year change
+49.5%
5-year change
+84.7%
10-year change
+125.7%
20-year change

See where that trend takes a specific home with the home appreciation calculator — nationally the median state is +85.6% over 10 years. Past appreciation is a track record, not a forecast; local prices can fall.

Calculators for South Dakota

Run the numbers for South Dakota with the local rates already filled in — change any input to test your own situation.

Property taxannual tax at local effective ratesAffordability by salarythe price your income supports hereMonthly paymentPITI on a home at this priceRent affordabilityyour max rent vs the local medianUtility costselectric, gas, water and internet per monthHome insurancetypical premium for this stateCost to buildnew-construction cost per sq ft here

Salary needed to buy a home in South Dakota

To buy the typical $298,000 home in South Dakota with 20% down, you need a household income of roughly $81,000 a year (about $1,890 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $96,000, because the loan is bigger and mortgage insurance kicks in.

Down paymentCash downMonthly paymentIncome needed
5% (+PMI)$14,900$2,350/mo$101,000/yr
10% (+PMI)$29,800$2,250/mo$96,000/yr
20%$59,600$1,890/mo$81,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in South Dakota

At about $165 per square foot, here is roughly how much home different budgets get you in South Dakota:

BudgetApprox. sizeWhat that looks like locally
$150k910 sq ftbelow the local median — condos, smaller or older homes
$200k1210 sq ftbelow the local median — condos, smaller or older homes
$250k1520 sq ftaround the typical home here
$300k1820 sq ftaround the typical home here
$400k2420 sq ftabove the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to South Dakota so you can compare your current home against every South Dakota city we track.

South Dakota home prices: frequently asked

What salary do you need to buy a house in South Dakota? +
For the typical $298,000 home in South Dakota, a household income of about $81,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $96,000; with 5% down about $101,000.
What is the average home price in South Dakota? +
The average home price in South Dakota is about $298,000 as of 2026, at roughly $165 per square foot — 3% more expensive than the U.S. median of $289,000. That figure is the statewide median across the ZIP codes we track, which is what most price reports mean by the average.
What is the median home price in South Dakota (SD)? +
About $298,000 in 2026. The median is the mid-point home — half of homes cost more, half less — and it is the better yardstick than a true mean, which a handful of luxury sales can drag upward. At $165/sq ft, a median budget in South Dakota buys roughly 1,810 sq ft of home.
Where is South Dakota most and least expensive? +
Among the 2 South Dakota cities tracked here, Rapid City is the priciest (median $360,000) and Sioux Falls is the most affordable (median $327,000). ZIP-level prices within one city vary further, so check the city page for your area.
Are home values in South Dakota going up? +
Over the last 10 years home prices in South Dakota changed about +84.7% (≈6.3% a year), and +3.1% in the latest year, according to the FHFA house price index through 2025. Over 20 years: +125.7%. Past gains are not a guarantee of future ones.