State housing costs
South Dakota housing costs, ownership, and rent in the latest ACS
Statewide evidence on home value, income, owner costs, housing stock, tenure, vacancy, and rent for borrower planning.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
South Dakota's 2024 ACS housing baseline reports a median owner-occupied home value of $257,400, median household income of $75,081, and median selected monthly owner costs of $1,680 for owners with a mortgage. In practical terms, those three reference points can help a borrower identify which statewide value, income, and recurring-cost assumptions need local replacement first. They remain separate medians, not the price, income, and monthly budget of one typical household, and the $1,680 measure is not a real-estate-tax figure or a current mortgage quote. For the decision at hand, a real decision continues to require local property evidence, borrower documentation, taxes, insurance, maintenance, association obligations, and current loan information.
South Dakota's vacant-unit share is 10.5% within a statewide stock of 408,584 housing units. For the decision at hand, ACS vacancy includes categories beyond property currently offered for sale or rent, so 10.5% is not a live inventory rate and cannot measure competition for a selected home. Read beside the 68.6% owner share and 31.4% renter share, the vacancy figure helps describe how the broad stock was classified without predicting near-term supply. In practical terms, the borrower should use current listings, property condition, days on market, concessions, and local professional context to answer transaction questions that 10.5% and 408,584 were not designed to resolve.