South Dakota Affordability
How affordable is South Dakota real estate?
Public Record + Census ACS
Median Home Price
$377.2K
Median Household Income
$69,457
Affordability Index
5.43
vs National Avg
-20.4%
Cities in South Dakota by Affordability
| # | City | Median Price | Index |
|---|---|---|---|
| 1 | Ashton | $22K | 0.32 |
| 2 | Garretson | $55K | 0.79 |
| 3 | Pierre | $55K | 0.79 |
| 4 | Irene | $73K | 1.05 |
| 5 | Crooks | $78.5K | 1.13 |
| 6 | Wentworth | $83.5K | 1.20 |
| 7 | Sisseton | $117K | 1.68 |
| 8 | Redfield | $130K | 1.87 |
| 9 | Milbank | $143.5K | 2.07 |
| 10 | Canton | $155K | 2.23 |
| 11 | Winner | $160K | 2.30 |
| 12 | Worthing | $170K | 2.45 |
| 13 | Hartford | $174.9K | 2.52 |
| 14 | Elk Point | $219.1K | 3.15 |
| 15 | Madison | $267.5K | 3.85 |
| 16 | Viborg | $314K | 4.52 |
| 17 | Harrisburg | $318.8K | 4.59 |
| 18 | Black Hawk | $325K | 4.68 |
| 19 | Sturgis | $338.8K | 4.88 |
| 20 | Burbank | $358K | 5.15 |
| 21 | Watertown | $360.2K | 5.19 |
| 22 | Spencer | $415K | 5.97 |
| 23 | Yankton | $424.4K | 6.11 |
| 24 | Belle Fourche | $439K | 6.32 |
| 25 | Sioux Falls | $450.3K | 6.48 |
| 26 | Tea | $452.2K | 6.51 |
| 27 | Brandon | $505.6K | 7.28 |
| 28 | Rapid City | $549.5K | 7.91 |
| 29 | North Sioux City | $550K | 7.92 |
| 30 | Lennox | $754.6K | 10.86 |
Methodology
Affordability index = local median home price ÷ state median household income. A value of 4.0 means homes cost 4x annual income (roughly the historical "rule of thumb" ceiling). Higher values = less affordable.
Income figures: US Census Bureau, ACS 5-year estimates (state level). Sale prices: MarketTimeline public-record SOLD events, last 12 months.