Brookings County, SD real estate

Market data, tax and rent figures from the 2024 Census survey.

Median home value

$264,600Median home value · Census

Property tax rate

1.13%Above state avg 1.06%Median bill $2,981/yr · Census

Median rent

$9012-bed $880Per month · Census

30-yr mortgage rate

7.24%Freddie Mac weekly average

What the numbers say

Brookings County, SD real estate at a glance

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

Homeowners in Brookings County pay a median of $2,981 a year in property taxes on a median home value of $264,600, an effective rate of about 1.13%. The South Dakota average is 1.06%, which makes Brookings County the #47 lowest-tax of 65 counties in the state with published tax data.

Renters pay a median of $901 a month, and $880 for a two-bedroom. At today's prices a typical home costs about 24 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 $265,000 home here comes to about $1,801 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $77,000 a year (the median household here earns $70,064).

Monthly payment on a typical home

$1,801/mo
  • Principal & interest$1,443
  • Property tax$248
  • Insurance (est.)$110

$265,000 home · 20% down · 7.24% 30-year fixed

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Rents in Brookings County by bedrooms

Studio$1,03339% above state
1 bedroom$64916% below state
2 bedrooms$88011% below state
3 bedrooms$1,30712% above state
4 bedrooms$1,72627% above state

Median gross rent (rent plus utilities), US Census American Community Survey 2024 5-year estimates.

Selling here?See what you'd walk away with after commissions and closing costs.Seller net sheet → Buying here?Monthly payment with Brookings County's real property tax rate.Mortgage calculator → Agent here?Find out how many listing appointments you need to hit your income goal.Agent income calculator →

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Sources: Realtor.com housing inventory (monthly) and Freddie Mac Primary Mortgage Market Survey (weekly), via FRED, Federal Reserve Bank of St. Louis; US Census Bureau American Community Survey 5-year estimates (property taxes, home values, rents, income). Insurance is an estimate. Medians for the whole county; individual homes vary. For information only.