Provisional grade — derived from this report's measured data points; the county detector suite has not measured this geography yet. The measured ARED Score replaces it on the suite's next run.
South Dakota
South Dakota's residential housing market demonstrates sustained resilience, with median home prices hovering around $325,000 to $375,000 and price cuts limited to approximately 23% of active inventory. Low state taxation, steady inbound migration, and low unemployment provide strong demand support that counters elevated mortgage rates.
Median prices moved up 1.9% year over year.
Homes spend a median of 29 days on market with 0.1 months of supply — a fast-moving market.
47% of listings have cut prices · homes sell at 4.3% of asking — demand is cooling.
9 foreclosure-ledger notices — 0.1 per 10,000 residents · unemployment 2.6% · poverty 11.5% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this state — never individual records, and never an attribute of any individual property or resident. Federal enforcement activity is presented only at the state tier as regional context — never imputed onto any county, city, ZIP, neighborhood or parcel beneath it.
Deterministic aggregate of 66 researched counties — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
South Dakota — researched statewide history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
The amenity base that shapes daily life and property demand in this state — what residents actually live with, and what the pipeline is adding.
Iconic granite monument featuring four U.S. presidents, attracting millions of visitors annually to the Black Hills region.
Spanning 242,000 acres of dramatic geologic formations, fossil beds, and mixed-grass prairie.
Over 71,000 acres in the Black Hills known for free-roaming bison herds, scenic drives, and outdoor recreation.
Anchors downtown Sioux Falls, featuring 123 acres along the Big Sioux River with historic viewing towers and walking paths.
South Dakota maintains violent and property crime rates moderately below national averages, though urban centers like Sioux Falls and Rapid City report higher localized incidence rates. Statewide public safety metrics have remained relatively stable over recent reporting periods.
South Dakota public schools generally perform in line with or slightly above national baselines in standardized reading and mathematics proficiencies. School districts in larger metros like Sioux Falls and Brandon Valley consistently earn strong regional accountability marks.
South Dakota faces severe winter storms, blizzards, high wind events, severe convective storms with hail and tornadoes, and riverine flooding along the Missouri, Big Sioux, and James rivers. Wildfire risk is concentrated primarily in the forested terrain of the Black Hills.
Economic expansion is spearheaded by financial services, healthcare, agriculture, and defense, underpinned by the ongoing Ellsworth Air Force Base B-21 Raider expansion near Rapid City. Sioux Falls continues to register solid population and corporate service job growth.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. Federal (United States (federal)) — Federal General Tax Lien Encumbrance: Under IRC § 6321, a statutory lien arises automatically as of the date of assessment and attaches to all real property owned or acquired by the taxpayer. Upon the IRS filing a Notice of Federal Tax Lien (NFTL) in local county land records under IRC § 6323, it perfects priority against subsequent pur Federal (United States (federal)) — Foreign Investment in Real Property Tax Act (FIRPTA) Tax Withholding: Imposes an absolute statutory obligation on the transferee/buyer to withhold gross tax from the total amount realized (purchase price) upon disposition and remit it to the IRS within 20 days using Forms 8288 and 8288-A. Rate structure and formula: Base statutory withholding rate is 15% of the gross
The state offers world-renowned outdoor attractions including Badlands National Park, Custer State Park, Mount Rushmore National Memorial, and the Black Hills National Forest. Popular activities include hunting, fishing on the Missouri River reservoirs, hiking, and skiing at Terry Peak.
Median statewide asking rents hover around $1,250 per month, supported by steady student, military, and workforce household formations in Sioux Falls, Rapid City, and Brookings. Vacancy pressures remain balanced, with modest seasonal investor participation.
South Dakota's economy is anchored by agriculture, credit card and financial operations, biosciences, and healthcare networks such as Sanford and Avera Health. Growth is bolstered by a favorable tax climate, low corporate overhead, and strategic military expansions.
Interstate 90 traverses the state east-west connecting Rapid City and Sioux Falls, while Interstate 29 provides vital north-south transit along the eastern border. Commercial air connectivity is concentrated at Sioux Falls Regional (FSD) and Rapid City Regional (RAP) airports.
Urban development is focused on infill revitalization in downtown Sioux Falls and suburban expansion across Minnehaha and Lincoln counties, alongside housing and commercial developments across the Black Hills corridor.
Parcels are subject to county, municipal, and school district property tax levies, alongside select water development, sanitary, and road improvement special districts.
South Dakota property insurance premiums have trended upward moderately due to nationwide reinsurance pressures, severe convective hail activity, and winter freeze losses, though the market remains stable compared to coastal regions.
South Dakota has recorded positive net domestic migration over recent years, driven by inbound movers seeking no state personal income tax, low density, and business-friendly policies.
South Dakota primarily utilizes judicial foreclosure, although non-judicial foreclosure by advertisement is permitted under specific mortgage provisions. A statutory redemption period generally applies, commonly lasting one year, or 180 days for short-term redemption mortgages.
South Dakota Codified Law 43-4-38 requires sellers of residential real property to complete and deliver a comprehensive statutory property condition disclosure statement disclosing known material defects prior to written offer execution.
Retrieved from U.S. Census Bureau state-level profiles for South Dakota.
South Dakota's residential housing market demonstrates sustained resilience, with median home prices hovering around $325,000 to $375,000 and price cuts limited to approximately 23% of active inventory. Low state taxation, steady inbound migration, and low unemployment provide strong demand support that counters elevated mortgage rates.
Forecasts are for speculation only and should not be used as a deciding factor in any transaction. Projections trend strictly from calculable historical values — the platform cannot predict market movements, market sentiment, or the market itself.
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Awaiting measured history — this chart renders once enough refresh-cycle reads accumulate (a one-point series is not a trend).
Standard trend model — solid = measured history · dashed = projection anchored at each line's last measured point, following that series' trailing pace (CAGR capped ±12%/yr) or trailing mean · projections are estimates, not measured reads · every charted series runs the standard 5-year historical window with a 1-year forecast, trimmed from the full retained ledger — the forecast always extends into the future year (a lagging ledger bridges to it) and stops there on purpose: authoritative, not wizardry · every price line is county-assessed value from the district CAD — the tier's same-parcel assessment roll-up on the momentum tile, the assessed trajectory in raw dollar levels and as a YoY-chained index (base 100), and the month-over-month pace from nearby comparable sales pooled from the research track; a tier without comps yet keeps its pace story with the assessed trend. Inventory, liquidity, price-cut and foreclosure lines run on the platform's own measured series.
No recorded foreclosure notices for South Dakota yet. Counties ingest on the scheduled rotation — absence here reads as no recorded notices, not as verified zero distress.