South Dakota Housing

The housing market in South Dakota State is thriving. The median value of homes in the state is $268,000, lower than the US median of $338,100. However, it has seen an impressive 10.10% appreciation rate over the past year— higher than the national average of 8.27%. This suggests that the housing market in South Dakota is a great investment opportunity and provides attractive returns for those considering purchasing a home there.

The median home cost in South Dakota is $268,000. Home appreciation the last 10 years has been 92.0%. Home Appreciation in South Dakota is up 17.5%.

Average Age of Homes

- The median age of South Dakota real estate is 41 years old

The Rental Market in South Dakota

- Renters make up 28.3% of the South Dakota population
- 2.0% of houses and apartments in South Dakota, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	South Dakota, South Dakota	United States
	391,857.0	139,647,020.0
	43	42
	$268,000	$338,100
	17.5%	16.6%
	56.2%	57.0%
	92.0%	101.1%
	$12.51	$10.98
	$2,331	$2,690
	60.4%	57.4%
	11.8%	11.2%
	27.8%	31.4%
Vacant Housing
	2.0%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	3.6%	3.6%
	4.9%	4.1%
Value of Owner-Occupied Housing
	4.5%	2.6%
	3.9%	2.4%
	4.4%	2.8%
	4.7%	3.9%
	4.9%	4.5%
	13.8%	11.3%
	17.6%	13.0%
	23.8%	20.1%
	11.4%	13.6%
	4.9%	8.3%
	3.9%	9.7%
	1.2%	3.9%
	0.7%	2.2%
	0.2%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	13.8%	13.6%
	13.8%	13.6%
	12.7%	13.6%
	9.6%	13.2%
	15.6%	14.8%
	12.7%	13.6%
	8.6%	10.0%
	4.1%	4.7%
	16.9%	12.2%

Reviews for South Dakota

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Karen · Rapid City, SD

Quality of Life stinks unless have monry

Over 8 years ago

South Dakota is not a place for young or old poor people. Only the rich can enjoy this state The state does not care about the poor,kids,or elderly.Fine example cut More

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Country Girl · Madison, SD

Heart of America

Over 11 years ago

I've lived in South Dakota most of my life. I love this place I call home. There was a time when I hated it here, but now I can't imagine living anywhere else. Some More

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David · Titusville, FL

Great place to live

Over 13 years ago

I am a person who has been around the world (Navy) and have lived everywhere from South Dakota to California, Hawaii, Florida, Virginia, Overseas in Naples, Spain, More