Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$158,791−0.7% YoY · prices are falling
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 0% have cut their price
Income needed to buy, per year$34,423About 0.6× the local median income ($59,364): affordable for a typical household
Days on market67 daysAbout the same pace as a year ago
The typical home in Perkins County, SD is worth $158,791, down 0.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $142,119, so the area is 11.7% overvalued. It is a balanced market, leaning toward buyers: homes take about 67 days to sell, listings are down 5% from a year ago, 0% of listings have had a price cut. A household needs about $34,423 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 $59,364. In the latest IRS figures, 10 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
$158,791
Change in 1 year
−0.7%
Overvalued %
+11.7%
Show 6 more
Fair home value
$142,119
Change in 5 years
+25.0%
Home value to income
2.7×
Monthly mortgage payment (20% down)
$861
Income needed to afford it
$34,423
Property tax rate
1.29%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,030
Market activity
Listings vs a year ago
−5.3%
Days on market
67
Listings with a price cut
0.0%
Show 3 more
Homes for sale
18
Pending sales per 100 listings
17
Asking price per sq ft
$110
People and jobs
Median household income
$59,364
Population change (1 year)
+0.7%
Unemployment rate
4.9%
Show 4 more
Population
2,853
Income adjusted for cost of living
$68,471
Net moves in (IRS)
+10
Cost of living (US = 100)
86.7
Schools, risk and environment
School rating (1 to 10)
6.0
FEMA hazard risk score (0 to 100)
2.6
Flood risk score
4.7
Show 3 more
Wildfire risk score
68.8
Walkability (1 to 20)
6.5
Road, rail and air noise
53 dB
Questions people ask
Is Perkins County, SD overvalued?
Home prices in Perkins County, SD are well above what local incomes have historically supported: fair value is about $142,119, so the area is 11.7% overvalued.
Is Perkins County, SD a buyer's or seller's market?
Perkins County, SD is a balanced market, leaning toward buyers: homes take about 67 days to sell, listings are down 5% from a year ago, 0% of listings have had a price cut.
Are home prices going down in Perkins County, SD?
Home values in Perkins County, SD are down 0.7% over the last year.
How much do you need to earn to buy a home in Perkins County, SD?
A household needs about $34,423 a year to afford the typical home in Perkins County, SD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $59,364.