Market Overview
Home Prices in Miller, SD
The median home value in Miller, SD is $190,543 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.4% compared to a year ago and down 7.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Miller are priced54% below average.
Over the past five years, Miller home values have risen by approximately12.1%, reflecting steady appreciation in this market.
Price History
Miller Home Price Trend
2020
$148,615
$149K
—
2021
$169,994
$170K
+14.4%
2022
$199,088
$199K
+17.1%
2023
$197,591
$198K
-0.8%
2024
$192,818
$193K
-2.4%
2025
$179,044
$179K
-7.1%
2026
$190,543
$191K
+6.4%
City Comparison
Miller vs. National Median
🏠 Miller
$190,543
National Median
$410,000
At $190,543, homes in Miller cost 54% below the national median of $410,000. This makes Miller a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Miller?
20% Down Payment
$38,109
on $190,543
Monthly P&I
$994/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,262/mo
incl. taxes & insurance
Income Needed
$50,480
gross annual (30% rule)
10% Down Option
$19,054
+ PMI applies
Loan Amount (20% dn)
$152,434
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 Miller, SD?
The median home value in Miller is $190,543 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.4% year-over-year.
How much have home prices changed in Miller?
Over the past year, home values in Miller have increased by 6.4%. Over five years, prices have risen approximately 12.1%.
How much do I need to earn to buy a home in Miller?
To comfortably afford the median home price of $190,543 with a 20% down payment ($38,109) at today's rates (6.8%), you'd need a gross annual income of approximately $50,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Miller compare to the national average home price?
The national median home value is approximately $410,000. At $190,543, homes in Miller are 54% below the national average.