South Dakota housing market
Typical home value
$318K
▲ 2.3% 1 yr
5-year change
+23%
U.S. +20%
Median city rent
$1,286/mo
3 cities
Unemployment rate
2.0%
Median household income
$82K
2025
Key takeaways
- 1The typical home in South Dakota is worth $317,874, up 2.3% in a year and up 23% over five years. That's the #31 most expensive of 51.
- 2Across 3 cities with rent data, median typical rent is $1,286/mo, roughly a 4.9% gross yield on the typical home.
- 3Median household income was $82,460 in 2025, so the typical home costs 3.9× income.
- 4Unemployment is 2.0% (−0.1 pts in a year).
Home values
Source: Zillow Research (ZHVI, ZORI and market activity data).
Source: FRED, Federal Reserve Bank of St. Louis. Quarterly, all-transactions index.
South Dakota metro areas
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
Brookings, SD
$327K home$1,275 rent4.7% yield
▲ 6.1% 1 yr
South Dakota cities
3 cities, largest first. Click a column to sort.
3 cities
| Sioux Falls | $331K | ▲ 1.1% | $1,279 | ▲ 3.9% | 4.6% |
| Rapid City | $361K | ▲ 1.9% | $1,445 | ▲ 4.6% | 4.8% |
| Brookings | $326K | ▲ 5.4% | $1,286 | ▲ 9.7% | 4.7% |
Data refreshed Oct 26, 2026.