Market Overview
Home Prices in Chancellor, SD
The median home value in Chancellor, SD is $415,061 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Chancellor are priced1% above average. Chancellor is part of the Sioux Falls, SD metro area.
Over the past five years, Chancellor home values have risen by approximately40.8%, reflecting strong long-term appreciation in this market.
Price History
Chancellor Home Price Trend
City Comparison
Chancellor vs. National Median
At $415,061, homes in Chancellor cost 1% above the national median of $410,000. Buyers in Chancellor should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Chancellor?
20% Down Payment
$83,012
on $415,061
Monthly P&I
$2,165/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,750/mo
incl. taxes & insurance
Income Needed
$110,000
gross annual (30% rule)
10% Down Option
$41,506
+ PMI applies
Loan Amount (20% dn)
$332,049
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 Chancellor, SD?
The median home value in Chancellor is $415,061 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Chancellor?
Over the past year, home values in Chancellor have increased by 2.1%. Over five years, prices have risen approximately 40.8%.
How much do I need to earn to buy a home in Chancellor?
To comfortably afford the median home price of $415,061 with a 20% down payment ($83,012) at today's rates (6.8%), you'd need a gross annual income of approximately $110,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Chancellor compare to the national average home price?
The national median home value is approximately $410,000. At $415,061, homes in Chancellor are 1% above the national average.
What metro area is Chancellor part of?
Chancellor is part of the Sioux Falls, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.