Market Overview
Home Prices in Garretson, SD
The median home value in Garretson, SD is $284,388 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Garretson are priced31% below average. Garretson is part of the Sioux Falls, SD metro area.
Over the past five years, Garretson home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Garretson Home Price Trend
City Comparison
Garretson vs. National Median
At $284,388, homes in Garretson cost 31% below the national median of $410,000. This makes Garretson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Garretson?
20% Down Payment
$56,878
on $284,388
Monthly P&I
$1,483/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,883/mo
incl. taxes & insurance
Income Needed
$75,320
gross annual (30% rule)
10% Down Option
$28,439
+ PMI applies
Loan Amount (20% dn)
$227,510
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 Garretson, SD?
The median home value in Garretson is $284,388 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 Garretson?
Over the past year, home values in Garretson have increased by 2.1%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Garretson?
To comfortably afford the median home price of $284,388 with a 20% down payment ($56,878) at today's rates (6.8%), you'd need a gross annual income of approximately $75,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Garretson compare to the national average home price?
The national median home value is approximately $410,000. At $284,388, homes in Garretson are 31% below the national average.
What metro area is Garretson part of?
Garretson is part of the Sioux Falls, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.