Market Overview
Home Prices in Colman, SD
The median home value in Colman, SD is $362,734 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.2% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Colman are priced12% below average.
Over the past five years, Colman home values have risen by approximately51.6%, reflecting strong long-term appreciation in this market.
Price History
Colman Home Price Trend
2020
$202,729
$203K
—
2021
$239,207
$239K
+18.0%
2022
$303,092
$303K
+26.7%
2023
$324,631
$325K
+7.1%
2024
$320,352
$320K
-1.3%
2025
$335,149
$335K
+4.6%
2026
$362,734
$363K
+8.2%
City Comparison
Colman vs. National Median
🏠 Colman
$362,734
National Median
$410,000
At $362,734, homes in Colman cost 12% below the national median of $410,000. This makes Colman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Colman?
20% Down Payment
$72,547
on $362,734
Monthly P&I
$1,892/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,403/mo
incl. taxes & insurance
Income Needed
$96,120
gross annual (30% rule)
10% Down Option
$36,273
+ PMI applies
Loan Amount (20% dn)
$290,187
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 Colman, SD?
The median home value in Colman is $362,734 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.2% year-over-year.
How much have home prices changed in Colman?
Over the past year, home values in Colman have increased by 8.2%. Over five years, prices have risen approximately 51.6%.
How much do I need to earn to buy a home in Colman?
To comfortably afford the median home price of $362,734 with a 20% down payment ($72,547) at today's rates (6.8%), you'd need a gross annual income of approximately $96,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Colman compare to the national average home price?
The national median home value is approximately $410,000. At $362,734, homes in Colman are 12% below the national average.