Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$236,814+2.8% YoY · prices are rising
Market right nowBalanced marketFewer homes for sale than last year, 0% have cut their price
Income needed to buy, per year$51,336About 0.7× the local median income ($74,310): affordable for a typical household
Days on market82 daysSlower than a year ago: buyers have time to negotiate
The typical home in Sanborn County, SD is worth $236,814, up 2.8% from a year ago. That is well below what local incomes have historically supported: fair value is about $292,602, so the area is 19.1% undervalued. It is a balanced market: homes take about 82 days to sell, listings are down 0% from a year ago, 0% of listings have had a price cut. A household needs about $51,336 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 $74,310. In the latest IRS figures, 15 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
$236,814
Change in 1 year
+2.8%
Overvalued %
−19.1%
Show 6 more
Fair home value
$292,602
Change in 5 years
−3.7%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,283
Income needed to afford it
$51,336
Property tax rate
1.17%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
0.0%
Days on market
82
Listings with a price cut
0.0%
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Homes for sale
3
Pending sales per 100 listings
33
Asking price per sq ft
$121
People and jobs
Median household income
$74,310
Population change (1 year)
+0.5%
Unemployment rate
0.6%
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Population
2,388
Income adjusted for cost of living
$85,709
Net moves in (IRS)
−15
Cost of living (US = 100)
86.7
Schools, risk and environment
School rating (1 to 10)
7.0
FEMA hazard risk score (0 to 100)
3.6
Flood risk score
6.2
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Wildfire risk score
67.0
Walkability (1 to 20)
5.8
Road, rail and air noise
52 dB
Questions people ask
Is Sanborn County, SD overvalued?
Home prices in Sanborn County, SD are well below what local incomes have historically supported: fair value is about $292,602, so the area is 19.1% undervalued.
Is Sanborn County, SD a buyer's or seller's market?
Sanborn County, SD is a balanced market: homes take about 82 days to sell, listings are down 0% from a year ago, 0% of listings have had a price cut.
Are home prices going down in Sanborn County, SD?
Home values in Sanborn County, SD are up 2.8% over the last year.
How much do you need to earn to buy a home in Sanborn County, SD?
A household needs about $51,336 a year to afford the typical home in Sanborn County, SD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $74,310.