Market Overview
Home Prices in Herreid, SD
The median home value in Herreid, SD is $227,973 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.8% compared to a year ago and down 7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Herreid are priced44% below average.
Price History
Herreid Home Price Trend
2022
$216,573
$217K
—
2023
$220,494
$220K
+1.8%
2024
$219,115
$219K
-0.6%
2025
$203,885
$204K
-7.0%
2026
$227,973
$228K
+11.8%
City Comparison
Herreid vs. National Median
🏠 Herreid
$227,973
National Median
$410,000
At $227,973, homes in Herreid cost 44% below the national median of $410,000. This makes Herreid a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Herreid?
20% Down Payment
$45,595
on $227,973
Monthly P&I
$1,189/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,510/mo
incl. taxes & insurance
Income Needed
$60,400
gross annual (30% rule)
10% Down Option
$22,797
+ PMI applies
Loan Amount (20% dn)
$182,378
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 Herreid, SD?
The median home value in Herreid is $227,973 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.8% year-over-year.
How much have home prices changed in Herreid?
Over the past year, home values in Herreid have increased by 11.8%.
How much do I need to earn to buy a home in Herreid?
To comfortably afford the median home price of $227,973 with a 20% down payment ($45,595) at today's rates (6.8%), you'd need a gross annual income of approximately $60,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Herreid compare to the national average home price?
The national median home value is approximately $410,000. At $227,973, homes in Herreid are 44% below the national average.