Appreciation Velocity — South Dakota Cities
Cities of South Dakota ranked by 1Y / 3Y / 5Y home-price appreciation.
Public Record
Top 10 — 3Y appreciation (Citys)
#1 · Elk Point, SD
+517.3%
#2 · Alcester, SD
+126.0%
#3 · Yankton, SD
+125.2%
#4 · Belle Fourche, SD
+38.2%
#5 · Canton, SD
+26.3%
#6 · Black Hawk, SD
+10.2%
#7 · Summerset, SD
-12.0%
#8 · Sturgis, SD
-15.2%
#9 · Watertown, SD
-39.4%
#10 · Redfield, SD
-40.4%
City ranking — 3Y appreciation (highest first)
| # | City | State | 1Y | 3Y | 5Y | 10Y | Current median |
|---|---|---|---|---|---|---|---|
| 1 | Elk Point, SD | SD | -29.1% | +517.3% | +2.4% | +95.6% | $219.1K |
| 2 | Alcester, SD | SD | -12.4% | +126.0% | — | — | $564.9K |
| 3 | Yankton, SD | SD | +97.6% | +125.2% | +147.9% | +181.4% | $514.5K |
| 4 | Belle Fourche, SD | SD | -6.2% | +38.2% | +25.1% | — | $309.5K |
| 5 | Canton, SD | SD | -36.2% | +26.3% | — | — | $155K |
| 6 | Black Hawk, SD | SD | -45.4% | +10.2% | +46.1% | — | $325K |
| 7 | Summerset, SD | SD | -17.1% | -12.0% | +1.8% | — | $383K |
| 8 | Sturgis, SD | SD | -4.2% | -15.2% | +63.8% | — | $355.8K |
| 9 | Watertown, SD | SD | +7.6% | -39.4% | +82.6% | +107.0% | $345.3K |
| 10 | Redfield, SD | SD | +17.1% | -40.4% | +21.9% | +36.8% | $130K |
| 11 | Sisseton, SD | SD | — | -46.3% | +1.1% | — | $96K |
How to read these numbers
Velocity vs. level
A market with 25% one-year appreciation is moving fast — but a market with steady 6% over ten years has compounded much further. Use 10Y as the long-run signal, 1Y as the momentum signal.
Mean-reversion risk
Markets that posted huge 1Y and 3Y gains often cool over the next cycle. Compare 1Y to 5Y: if 1Y is far above 5Y, the trend is accelerating; if far below, it is decelerating — often the more important signal.
Sample sanity
We require a minimum current median price (default $50K) to filter out tiny ZIPs with noisy data. Raise that threshold for serious investment markets; lower it to find emerging niches. Source: public record.