Minnehaha County, SD real estate

What the numbers say

Minnehaha County, SD real estate at a glance

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

In September 2026, the median home in Minnehaha County listed for $358,500, down 2.8% from a year earlier. That is 4% below the South Dakota median of $375,000.

Homes spent a median of 46 days on the market, faster than 50 days a year ago.

Homeowners in Minnehaha County pay a median of $3,281 a year in property taxes on a median home value of $287,600, an effective rate of about 1.14%. The South Dakota average is 1.06%, which makes Minnehaha County the #48 lowest-tax of 65 counties in the state with published tax data.

Renters pay a median of $978 a month, and $995 for a two-bedroom. At today's prices a typical home costs about 31 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 $359,000 home here comes to about $2,445 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $105,000 a year (the median household here earns $76,880).