Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$335,543+3.1% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 10% have cut their price
Income needed to buy, per year$72,739About 0.9× the local median income ($78,115): affordable for a typical household
Days on market65 daysFaster than a year ago: sellers have the edge
The typical home in Codington County, SD is worth $335,543, up 3.1% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $354,227, so the area is 5.3% undervalued. It is a balanced market, leaning toward sellers: homes take about 65 days to sell, listings are down 3% from a year ago, 10% of listings have had a price cut. A household needs about $72,739 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 $78,115. Typical rent is $1,196 a month. In the latest IRS figures, 114 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
$335,543
Change in 1 year
+3.1%
Overvalued %
−5.3%
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Fair home value
$354,227
Change in 5 years
+18.2%
Home value to income
4.3×
Monthly mortgage payment (20% down)
$1,818
Income needed to afford it
$72,739
Property tax rate
0.97%
Rent and investing
Typical rent
$1,196
Price-to-rent ratio
23.4×
HUD Fair Market Rent, 2 bedrooms
$1,233
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Gross rental yield
4.28%
Cap rate (estimate)
2.78%
Market activity
Listings vs a year ago
−2.8%
Days on market
65
Listings with a price cut
9.8%
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Homes for sale
103
Pending sales per 100 listings
26
Asking price per sq ft
$156
People and jobs
Median household income
$78,115
Population change (1 year)
+1.0%
Unemployment rate
1.9%
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Population
29,562
Income adjusted for cost of living
$90,098
Net moves in (IRS)
+114
Cost of living (US = 100)
86.7
Schools, risk and environment
School rating (1 to 10)
6.9
FEMA hazard risk score (0 to 100)
61.8
Unhealthy air days a year
4
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Flood risk score
65.2
Wildfire risk score
71.0
Walkability (1 to 20)
7.8
Road, rail and air noise
53 dB
Questions people ask
Is Codington County, SD overvalued?
Home prices in Codington County, SD are slightly below what local incomes have historically supported: fair value is about $354,227, so the area is 5.3% undervalued.
Is Codington County, SD a buyer's or seller's market?
Codington County, SD is a balanced market, leaning toward sellers: homes take about 65 days to sell, listings are down 3% from a year ago, 10% of listings have had a price cut.
Are home prices going down in Codington County, SD?
Home values in Codington County, SD are up 3.1% over the last year.
How much do you need to earn to buy a home in Codington County, SD?
A household needs about $72,739 a year to afford the typical home in Codington County, SD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,115.