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:$307,372
Avg Rent:$944/mo
Avg Price/Rent:17.0
South Dakota Housing Market Summary
5
Cities Analyzed
0
Favor Buying
4
Favor Renting
0
Toss-Up
Across South Dakota's 5 analyzed cities, the majority (4 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of South Dakota.
The average home price in South Dakota is $307,372, with average rents at $944/month. This gives an average price-to-rent ratio of 17.0.
$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 | $317,113.49 | $1,178.58 | 22.4 | N/A | Rent |
| Rapid City | $353,836.16 | $1,314.88 | 22.4 | N/A | Rent |
| Aberdeen | $229,517.49 | $954.58 | 20.0 | N/A | Rent |
| Brookings | $304,789.53 | $1,272.95 | 20.0 | N/A | Rent |
| Watertown | $331,605.71 | $0 | 0.0 | N/A | Insufficient-data |
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