Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$279,7040.0% YoY · prices are flat
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 23% have cut their price
Income needed to buy, per year$60,634About 0.8× the local median income ($71,364): affordable for a typical household
Days on market120 daysSlower than a year ago: buyers have time to negotiate
The typical home in Fall River County, SD is worth $279,704, about the same as a year ago. That is slightly below what local incomes have historically supported: fair value is about $309,584, so the area is 9.7% undervalued. It is a balanced market, leaning toward buyers: homes take about 120 days to sell, listings are down 11% from a year ago, 23% of listings have had a price cut. A household needs about $60,634 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 $71,364. In the latest IRS figures, 0 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
$279,704
Change in 1 year
0.0%
Overvalued %
−9.7%
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Fair home value
$309,584
Change in 5 years
+14.0%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,516
Income needed to afford it
$60,634
Property tax rate
1.00%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,289
Market activity
Listings vs a year ago
−11.0%
Days on market
120
Listings with a price cut
23.0%
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Homes for sale
65
Pending sales per 100 listings
25
Asking price per sq ft
$233
People and jobs
Median household income
$71,364
Population change (1 year)
+0.7%
Unemployment rate
2.5%
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Population
7,467
Income adjusted for cost of living
$82,311
Net moves in (IRS)
0
Cost of living (US = 100)
86.7
Schools, risk and environment
School rating (1 to 10)
4.3
FEMA hazard risk score (0 to 100)
30.9
Flood risk score
41.5
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Wildfire risk score
93.8
Walkability (1 to 20)
6.5
Road, rail and air noise
54 dB
Questions people ask
Is Fall River County, SD overvalued?
Home prices in Fall River County, SD are slightly below what local incomes have historically supported: fair value is about $309,584, so the area is 9.7% undervalued.
Is Fall River County, SD a buyer's or seller's market?
Fall River County, SD is a balanced market, leaning toward buyers: homes take about 120 days to sell, listings are down 11% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Fall River County, SD?
Home values in Fall River County, SD are up 0.0% over the last year.
How much do you need to earn to buy a home in Fall River County, SD?
A household needs about $60,634 a year to afford the typical home in Fall River County, SD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,364.