Market Overview
Home Prices in Parkston, SD
The median home value in Parkston, SD is $247,801 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Parkston are priced40% below average.
Over the past five years, Parkston home values have risen by approximately23.2%, reflecting strong long-term appreciation in this market.
Price History
Parkston Home Price Trend
2020
$173,213
$173K
—
2021
$201,218
$201K
+16.2%
2022
$235,994
$236K
+17.3%
2023
$231,165
$231K
-2.0%
2024
$232,508
$233K
+0.6%
2025
$233,146
$233K
+0.3%
2026
$247,801
$248K
+6.3%
City Comparison
Parkston vs. National Median
🏠 Parkston
$247,801
National Median
$410,000
At $247,801, homes in Parkston cost 40% below the national median of $410,000. This makes Parkston a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Parkston?
20% Down Payment
$49,560
on $247,801
Monthly P&I
$1,292/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,641/mo
incl. taxes & insurance
Income Needed
$65,640
gross annual (30% rule)
10% Down Option
$24,780
+ PMI applies
Loan Amount (20% dn)
$198,241
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 Parkston, SD?
The median home value in Parkston is $247,801 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Parkston?
Over the past year, home values in Parkston have increased by 6.3%. Over five years, prices have risen approximately 23.2%.
How much do I need to earn to buy a home in Parkston?
To comfortably afford the median home price of $247,801 with a 20% down payment ($49,560) at today's rates (6.8%), you'd need a gross annual income of approximately $65,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Parkston compare to the national average home price?
The national median home value is approximately $410,000. At $247,801, homes in Parkston are 40% below the national average.