Rent vs Buy in South Dakota
Compare 5 cities across South Dakota. Find out whether renting or buying makes more financial sense in your area.
5cities analyzed
Avg Home:$192,000
Avg Rent:$1,160/mo
Avg Price/Rent:13.9
South Dakota Housing Market Summary
5
Cities Analyzed
5
Favor Buying
0
Favor Renting
0
Toss-Up
Across South Dakota's 5 analyzed cities, the majority (5 cities) favor buying over renting. This suggests South Dakota generally offers good value for homebuyers.
The average home price in South Dakota is $192,000, with average rents at $1,160/month. This gives an average price-to-rent ratio of 13.9.
$Most Affordable Cities
$$Most Expensive Cities
All South Dakota Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Sioux Falls | $215,000 | $1,450 | 12.4 | 6 yrs | Buy |
| Rapid City | $200,000 | $1,150 | 14.5 | 4 yrs | Buy |
| Aberdeen | $175,000 | $1,100 | 13.3 | 3 yrs | Buy |
| Brookings | $195,000 | $1,100 | 14.8 | 5 yrs | Buy |
| Watertown | $175,000 | $1,000 | 14.6 | 6 yrs | Buy |
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These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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