Brookings housing market
Typical home value
$327K
▲ 6.1% 1 yr
Typical rent
$1,275/mo
▲ 9.7% 1 yr
12-month forecast
+1.5%
#355 of 546 metros
Gross rent yield
4.7%
#451 of 546 · U.S. 6.3%
Days to pending
40 days
1 yr
Listings with a price cut
26%
▲ +4.6 pts 1 yr
Key takeaways
- 1The typical home is worth $327,091, up 6.1% in a year and up 30% over five years.
- 2Zillow forecasts home values rising 1.5% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,275/mo (+9.7% YoY), a 4.7% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,798/mo in principal and interest, $523 more than renting.
- 5Homes go under contract in 40 days; 26% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 36/100, #351 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Brookings compares
| Measure | Brookings | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +6.1% | +1.2% | #35 |
| Home value, 5-yr change | +29.9% | +19.7% | |
| 12-month forecast | +1.5% | +1.1% | #355 |
| Rent, 1-yr change | +9.7% | +2.7% | #10 |
| Gross rent yield | 4.7% | 6.3% | #451 |
| Price-to-rent ratio | 21.4 | 15.8 | |
| Mortgage P&I on typical home | $1,798 | $2,012 | |
| Days to pending | 40 | 56 |
Cities in the Brookings metro
1 cities with home value and rent data.
| Brookings | $326K | ▲ 5.4% | $1,286 | ▲ 9.7% | 4.7% |
Run the numbers
Rental property calculator
Cash flow on a typical Brookings rental ($327K, $1,275/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Brookings home.
Rent vs buy
Is it cheaper to rent or buy in Brookings?
Other South Dakota metros
Sioux Falls, SD
$339K home$1,265 rent4.5% yield
▲ 1.1% 1 yr
Rapid City, SD
$370K home$1,457 rent4.7% yield
▲ 2.1% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.