Market Overview
Home Prices in Martin, SD
The median home value in Martin, SD is $205,505 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and down 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Martin are priced50% below average.
Price History
Martin Home Price Trend
2024
$209,399
$209K
—
2025
$203,817
$204K
-2.7%
2026
$205,505
$206K
+0.8%
City Comparison
Martin vs. National Median
🏠 Martin
$205,505
National Median
$410,000
At $205,505, homes in Martin cost 50% below the national median of $410,000. This makes Martin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Martin?
20% Down Payment
$41,101
on $205,505
Monthly P&I
$1,072/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,361/mo
incl. taxes & insurance
Income Needed
$54,440
gross annual (30% rule)
10% Down Option
$20,551
+ PMI applies
Loan Amount (20% dn)
$164,404
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 Martin, SD?
The median home value in Martin is $205,505 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.8% year-over-year.
How much have home prices changed in Martin?
Over the past year, home values in Martin have increased by 0.8%.
How much do I need to earn to buy a home in Martin?
To comfortably afford the median home price of $205,505 with a 20% down payment ($41,101) at today's rates (6.8%), you'd need a gross annual income of approximately $54,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Martin compare to the national average home price?
The national median home value is approximately $410,000. At $205,505, homes in Martin are 50% below the national average.