Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$360,624+3.7% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 18% have cut their price
Income needed to buy, per year$78,176About 1.2× the local median income ($64,896): a stretch for a typical household
Days on market72 daysAbout the same pace as a year ago
The typical home in Butte County, SD is worth $360,624, up 3.7% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $373,977, so the area is 3.6% undervalued. It is a seller's market: homes take about 72 days to sell, listings are down 38% from a year ago, 18% of listings have had a price cut. A household needs about $78,176 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 $64,896. In the latest IRS figures, 96 more people moved in than out.
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
$360,624
Change in 1 year
+3.7%
Overvalued %
−3.6%
Show 6 more
Fair home value
$373,977
Change in 5 years
+10.8%
Home value to income
5.6×
Monthly mortgage payment (20% down)
$1,954
Income needed to afford it
$78,176
Property tax rate
0.93%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,278
Market activity
Listings vs a year ago
−38.3%
Days on market
72
Listings with a price cut
18.2%
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Homes for sale
29
Pending sales per 100 listings
45
Asking price per sq ft
$186
People and jobs
Median household income
$64,896
Population change (1 year)
−0.3%
Unemployment rate
1.8%
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Population
10,856
Income adjusted for cost of living
$74,851
Net moves in (IRS)
+96
Cost of living (US = 100)
86.7
Schools, risk and environment
School rating (1 to 10)
4.1
FEMA hazard risk score (0 to 100)
23.3
Flood risk score
33.4
Show 3 more
Wildfire risk score
86.9
Walkability (1 to 20)
7.1
Road, rail and air noise
53 dB
Questions people ask
Is Butte County, SD overvalued?
Home prices in Butte County, SD are slightly below what local incomes have historically supported: fair value is about $373,977, so the area is 3.6% undervalued.
Is Butte County, SD a buyer's or seller's market?
Butte County, SD is a seller's market: homes take about 72 days to sell, listings are down 38% from a year ago, 18% of listings have had a price cut.
Are home prices going down in Butte County, SD?
Home values in Butte County, SD are up 3.7% over the last year.
How much do you need to earn to buy a home in Butte County, SD?
A household needs about $78,176 a year to afford the typical home in Butte County, SD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,896.