The housing market in South Dakota State is thriving. The median value of homes in the state is $268,000, lower than the US median of $338,100. However, it has seen an impressive 10.10% appreciation rate over the past year— higher than the national average of 8.27%. This suggests that the housing market in South Dakota is a great investment opportunity and provides attractive returns for those considering purchasing a home there.
The median home cost in South Dakota is $268,000. Home appreciation the last 10 years has been 92.0%. Home Appreciation in South Dakota is up 17.5%.
Average Age of Homes
- The median age of South Dakota real estate is 41 years old
The Rental Market in South Dakota
- Renters make up 28.3% of the South Dakota population
- 2.0% of houses and apartments in South Dakota, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.