Home Price Key
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Average
Expensive
These days, finding an affordable place to live in the South Dakota area can be challenging. Home prices in South Dakota are now at a median cost of $199,518, lower than the the United States average of $313,691.
The average cost of rent is $846/mo in South Dakota, primarily driven by the current value of real estate in the South Dakota area. While nearly 47.48% of residents own their homes outright in South Dakota, 30.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Dakota is $5,775 per month. Households that rent pay about 14.65% of their income on rent here. South Dakota's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the state.
Nearby States
States with Similar Populations
- California: higher priced homes
- Colorado: higher priced homes
- Connecticut: higher priced homes
- Delaware: higher priced homes
- District of Columbia: higher priced homes
- Florida: higher priced homes
- Georgia: higher priced homes
- Arkansas: less expensive homes
- Puerto Rico: less expensive homes
- New Jersey: higher priced homes
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