Market Overview
Home Prices in Hermosa, SD
The median home value in Hermosa, SD is $544,212 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hermosa are priced33% above average. Hermosa is part of the Rapid City, SD metro area.
Over the past five years, Hermosa home values have risen by approximately34.4%, reflecting strong long-term appreciation in this market.
Price History
Hermosa Home Price Trend
City Comparison
Hermosa vs. National Median
At $544,212, homes in Hermosa cost 33% above the national median of $410,000. Buyers in Hermosa should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Hermosa?
20% Down Payment
$108,842
on $544,212
Monthly P&I
$2,838/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,604/mo
incl. taxes & insurance
Income Needed
$144,160
gross annual (30% rule)
10% Down Option
$54,421
+ PMI applies
Loan Amount (20% dn)
$435,370
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 Hermosa, SD?
The median home value in Hermosa is $544,212 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Hermosa?
Over the past year, home values in Hermosa have increased by 0.6%. Over five years, prices have risen approximately 34.4%.
How much do I need to earn to buy a home in Hermosa?
To comfortably afford the median home price of $544,212 with a 20% down payment ($108,842) at today's rates (6.8%), you'd need a gross annual income of approximately $144,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Hermosa compare to the national average home price?
The national median home value is approximately $410,000. At $544,212, homes in Hermosa are 33% above the national average.
What metro area is Hermosa part of?
Hermosa is part of the Rapid City, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.