HomeRule

Cost of homeownership in South Dakota

State averages from Census ACS, energy costs from DOE EIA, and appreciation from FHFA. County-level detail is below.

Avg home value
$152,567
Avg property tax
$1,700
Homeownership rate
71.9%
1yr appreciation
2.8%

Home price trend

FHFA House Price Index, quarterly.

Most expensive counties

  1. 1.Custer County$294,700
  2. 2.Lincoln County$292,200
  3. 3.Lawrence County$267,900
  4. 4.Union County$254,900
  5. 5.Meade County$252,300
  6. 6.Pennington County$247,800
  7. 7.Minnehaha County$246,200
  8. 8.Brookings County$227,800
  9. 9.Hughes County$216,500
  10. 10.Clay County$209,300

Most affordable counties

  1. 1.Ziebach County9.0%
  2. 2.Harding County10.4%
  3. 3.Buffalo County10.8%
  4. 4.Haakon County10.9%
  5. 5.Todd County11.6%
  6. 6.Oglala Lakota County11.8%
  7. 7.Douglas County11.8%
  8. 8.Campbell County11.9%
  9. 9.Marshall County12.0%
  10. 10.Corson County12.1%
Avg electricity
13.4¢/kWh

DOE EIA residential average.

Avg annual energy cost
$1,445

Residential baseline.

Avg mortgage interest deduction
Pending

IRS SOI, state-level avg.

All counties in South Dakota

Frequently asked questions

How much does it cost to own a home in South Dakota?

Based on Census ACS, the state average home value in South Dakota is $152,567, with median annual property tax around $1,700. Your actual cost depends on county and property.

What is the property tax in South Dakota?

Property tax rates vary by county. South Dakota's state average sits at roughly $1,700 per year on a median home. See county-level pages for local rates.

How fast are home prices appreciating in South Dakota?

FHFA House Price Index data shows South Dakota appreciating 2.8% over the last year and 46.3% over the last five years.

Is homeownership high in South Dakota?

South Dakota's homeownership rate is 71.9% (Census ACS). The share of owner-occupied units varies widely across counties.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.