Market Overview
Home Prices in Jefferson, SD
The median home value in Jefferson, SD is $400,981 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Jefferson are priced2% below average. Jefferson is part of the Sioux City, IA-NE-SD metro area.
Over the past five years, Jefferson home values have risen by approximately25.9%, reflecting strong long-term appreciation in this market.
Price History
Jefferson Home Price Trend
City Comparison
Jefferson vs. National Median
At $400,981, homes in Jefferson cost 2% below the national median of $410,000. This makes Jefferson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Jefferson?
20% Down Payment
$80,196
on $400,981
Monthly P&I
$2,091/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,656/mo
incl. taxes & insurance
Income Needed
$106,240
gross annual (30% rule)
10% Down Option
$40,098
+ PMI applies
Loan Amount (20% dn)
$320,785
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 Jefferson, SD?
The median home value in Jefferson is $400,981 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Jefferson?
Over the past year, home values in Jefferson have increased by 4.4%. Over five years, prices have risen approximately 25.9%.
How much do I need to earn to buy a home in Jefferson?
To comfortably afford the median home price of $400,981 with a 20% down payment ($80,196) at today's rates (6.8%), you'd need a gross annual income of approximately $106,240. This assumes keeping total housing costs at or below 30% of gross income.
How does Jefferson compare to the national average home price?
The national median home value is approximately $410,000. At $400,981, homes in Jefferson are 2% below the national average.
What metro area is Jefferson part of?
Jefferson is part of the Sioux City, IA-NE-SD metropolitan area. Home prices and market conditions can vary across the broader metro region.