Market Overview
Home Prices in Alcester, SD
The median home value in Alcester, SD is $310,967 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alcester are priced24% below average. Alcester is part of the Sioux City, IA-NE-SD metro area.
Over the past five years, Alcester home values have risen by approximately44.7%, reflecting strong long-term appreciation in this market.
Price History
Alcester Home Price Trend
City Comparison
Alcester vs. National Median
At $310,967, homes in Alcester cost 24% below the national median of $410,000. This makes Alcester a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alcester?
20% Down Payment
$62,193
on $310,967
Monthly P&I
$1,622/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,060/mo
incl. taxes & insurance
Income Needed
$82,400
gross annual (30% rule)
10% Down Option
$31,097
+ PMI applies
Loan Amount (20% dn)
$248,774
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alcester, SD?
The median home value in Alcester is $310,967 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Alcester?
Over the past year, home values in Alcester have increased by 5.8%. Over five years, prices have risen approximately 44.7%.
How much do I need to earn to buy a home in Alcester?
To comfortably afford the median home price of $310,967 with a 20% down payment ($62,193) at today's rates (6.8%), you'd need a gross annual income of approximately $82,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Alcester compare to the national average home price?
The national median home value is approximately $410,000. At $310,967, homes in Alcester are 24% below the national average.
What metro area is Alcester part of?
Alcester is part of the Sioux City, IA-NE-SD metropolitan area. Home prices and market conditions can vary across the broader metro region.