Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$327,004+6.1% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 11% have cut their price
Income needed to buy, per year$70,888About 0.9× the local median income ($75,653): affordable for a typical household
Days on market67 daysFaster than a year ago: sellers have the edge
The typical home in Brookings County, SD is worth $327,004, up 6.1% from a year ago. That is well above what local incomes have historically supported: fair value is about $291,066, so the area is 12.3% overvalued. It is a seller's market: homes take about 67 days to sell, listings are down 14% from a year ago, 11% of listings have had a price cut. A household needs about $70,888 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,653. Typical rent is $1,275 a month. In the latest IRS figures, 109 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$327,004
Change in 1 year
+6.1%
Overvalued %
+12.3%
Show 6 more
Fair home value
$291,066
Change in 5 years
+30.0%
Home value to income
4.3×
Monthly mortgage payment (20% down)
$1,772
Income needed to afford it
$70,888
Property tax rate
1.13%
Rent and investing
Typical rent
$1,275
Price-to-rent ratio
21.4×
HUD Fair Market Rent, 2 bedrooms
$1,066
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Gross rental yield
4.68%
Cap rate (estimate)
3.04%
Market activity
Listings vs a year ago
−13.8%
Days on market
67
Listings with a price cut
11.4%
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Homes for sale
75
Pending sales per 100 listings
55
Asking price per sq ft
$180
People and jobs
Median household income
$75,653
Population change (1 year)
+2.2%
Unemployment rate
3.8%
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Population
37,635
Income adjusted for cost of living
$87,258
Net moves in (IRS)
−109
Cost of living (US = 100)
86.7
Schools, risk and environment
School rating (1 to 10)
5.1
FEMA hazard risk score (0 to 100)
50.1
Unhealthy air days a year
5
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Flood risk score
48.4
Wildfire risk score
64.2
Walkability (1 to 20)
7.1
Road, rail and air noise
52 dB
Questions people ask
Is Brookings County, SD overvalued?
Home prices in Brookings County, SD are well above what local incomes have historically supported: fair value is about $291,066, so the area is 12.3% overvalued.
Is Brookings County, SD a buyer's or seller's market?
Brookings County, SD is a seller's market: homes take about 67 days to sell, listings are down 14% from a year ago, 11% of listings have had a price cut.
Are home prices going down in Brookings County, SD?
Home values in Brookings County, SD are up 6.1% over the last year.
How much do you need to earn to buy a home in Brookings County, SD?
A household needs about $70,888 a year to afford the typical home in Brookings County, SD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,653.