Market Overview
Home Prices in De Smet, SD
The median home value in De Smet, SD is $271,592 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.4% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in De Smet are priced34% below average.
Over the past five years, De Smet home values have risen by approximately29.3%, reflecting strong long-term appreciation in this market.
Price History
De Smet Home Price Trend
2020
$183,323
$183K
—
2021
$210,074
$210K
+14.6%
2022
$238,152
$238K
+13.4%
2023
$241,773
$242K
+1.5%
2024
$242,875
$243K
+0.5%
2025
$252,936
$253K
+4.1%
2026
$271,592
$272K
+7.4%
City Comparison
De Smet vs. National Median
🏠 De Smet
$271,592
National Median
$410,000
At $271,592, homes in De Smet cost 34% below the national median of $410,000. This makes De Smet a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in De Smet?
20% Down Payment
$54,318
on $271,592
Monthly P&I
$1,416/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,798/mo
incl. taxes & insurance
Income Needed
$71,920
gross annual (30% rule)
10% Down Option
$27,159
+ PMI applies
Loan Amount (20% dn)
$217,274
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 De Smet, SD?
The median home value in De Smet is $271,592 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.4% year-over-year.
How much have home prices changed in De Smet?
Over the past year, home values in De Smet have increased by 7.4%. Over five years, prices have risen approximately 29.3%.
How much do I need to earn to buy a home in De Smet?
To comfortably afford the median home price of $271,592 with a 20% down payment ($54,318) at today's rates (6.8%), you'd need a gross annual income of approximately $71,920. This assumes keeping total housing costs at or below 30% of gross income.
How does De Smet compare to the national average home price?
The national median home value is approximately $410,000. At $271,592, homes in De Smet are 34% below the national average.