Market Overview
Home Prices in Pierre, SD
The median home value in Pierre, SD is $304,546 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pierre are priced26% below average. Pierre is part of the Pierre, SD metro area.
Over the past five years, Pierre home values have risen by approximately29.7%, reflecting strong long-term appreciation in this market.
Price History
Pierre Home Price Trend
City Comparison
Pierre vs. National Median
At $304,546, homes in Pierre cost 26% below the national median of $410,000. This makes Pierre a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pierre?
20% Down Payment
$60,909
on $304,546
Monthly P&I
$1,588/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,017/mo
incl. taxes & insurance
Income Needed
$80,680
gross annual (30% rule)
10% Down Option
$30,455
+ PMI applies
Loan Amount (20% dn)
$243,637
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 Pierre, SD?
The median home value in Pierre is $304,546 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Pierre?
Over the past year, home values in Pierre have increased by 6.1%. Over five years, prices have risen approximately 29.7%.
How much do I need to earn to buy a home in Pierre?
To comfortably afford the median home price of $304,546 with a 20% down payment ($60,909) at today's rates (6.8%), you'd need a gross annual income of approximately $80,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Pierre compare to the national average home price?
The national median home value is approximately $410,000. At $304,546, homes in Pierre are 26% below the national average.
What metro area is Pierre part of?
Pierre is part of the Pierre, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.