Market Overview
Home Prices in Brookings, SD
The median home value in Brookings, SD is $327,508 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and up 5.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Brookings are priced20% below average. Brookings is part of the Brookings, SD metro area.
Over the past five years, Brookings home values have risen by approximately30.6%, reflecting strong long-term appreciation in this market.
Price History
Brookings Home Price Trend
City Comparison
Brookings vs. National Median
At $327,508, homes in Brookings cost 20% below the national median of $410,000. This makes Brookings a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Brookings?
20% Down Payment
$65,502
on $327,508
Monthly P&I
$1,708/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,169/mo
incl. taxes & insurance
Income Needed
$86,760
gross annual (30% rule)
10% Down Option
$32,751
+ PMI applies
Loan Amount (20% dn)
$262,006
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 Brookings, SD?
The median home value in Brookings is $327,508 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Brookings?
Over the past year, home values in Brookings have increased by 5.2%. Over five years, prices have risen approximately 30.6%.
How much do I need to earn to buy a home in Brookings?
To comfortably afford the median home price of $327,508 with a 20% down payment ($65,502) at today's rates (6.8%), you'd need a gross annual income of approximately $86,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Brookings compare to the national average home price?
The national median home value is approximately $410,000. At $327,508, homes in Brookings are 20% below the national average.
What metro area is Brookings part of?
Brookings is part of the Brookings, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.