Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$393,336+4.5% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 17% have cut their price
Income needed to buy, per year$85,267About 1.1× the local median income ($76,427): a stretch for a typical household
Days on market68 daysAbout the same pace as a year ago
Next 12 months+3.7%Zillow expects prices to rise slightly
The typical home in Meade County, SD is worth $393,336, up 4.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $372,268, so the area is 5.7% overvalued. It is a seller's market: homes take about 68 days to sell, listings are down 22% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 3.7% over the next year. A household needs about $85,267 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 $76,427. Typical rent is $1,625 a month, or $2,208 for a house. In the latest IRS figures, 121 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
$393,336
Change in 1 year
+4.5%
Overvalued %
+5.7%
Show 7 more
Fair home value
$372,268
Change in 5 years
+24.0%
Zillow forecast, next 12 months
+3.7%
Home value to income
5.1×
Monthly mortgage payment (20% down)
$2,132
Income needed to afford it
$85,267
Property tax rate
1.01%
Rent and investing
Typical rent
$1,625
Typical rent for houses
$2,208
Price-to-rent ratio
20.2×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,357
Gross rental yield
4.96%
Cap rate (estimate)
3.22%
Market activity
Listings vs a year ago
−22.5%
Days on market
68
Listings with a price cut
17.4%
Show 3 more
Homes for sale
100
Pending sales per 100 listings
36
Asking price per sq ft
$245
People and jobs
Median household income
$76,427
Population change (1 year)
−0.5%
Unemployment rate
3.2%
Show 4 more
Population
30,711
Income adjusted for cost of living
$85,680
Net moves in (IRS)
+121
Cost of living (US = 100)
89.2
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
49.5
Unhealthy air days a year
0
Show 4 more
Flood risk score
51.9
Wildfire risk score
96.0
Walkability (1 to 20)
5.5
Road, rail and air noise
53 dB
Questions people ask
Is Meade County, SD overvalued?
Home prices in Meade County, SD are slightly above what local incomes have historically supported: fair value is about $372,268, so the area is 5.7% overvalued.
Is Meade County, SD a buyer's or seller's market?
Meade County, SD is a seller's market: homes take about 68 days to sell, listings are down 22% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Meade County, SD?
Home values in Meade County, SD are up 4.5% over the last year. Zillow's forecast for the next 12 months is +3.7%.
How much do you need to earn to buy a home in Meade County, SD?
A household needs about $85,267 a year to afford the typical home in Meade County, SD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,427.