South Dakota housing market

What the numbers say

South Dakota real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in South Dakota listed for $375,000, up 0.4% from a year earlier.

Homes spent a median of 58 days on the market, faster than 61 days a year ago.

Homeowners in South Dakota pay a median of $2,724 a year in property taxes on a median home value of $257,400, an effective rate of about 1.06%.

Renters pay a median of $946 a month, and $987 for a two-bedroom. At today's prices a typical home costs about 33 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $375,000 home here comes to about $2,531 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $108,000 a year (the median household here earns $75,081).