Market Overview
Home Prices in Platte, SD
The median home value in Platte, SD is $363,640 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Platte are priced11% below average.
Over the past five years, Platte home values have risen by approximately38.8%, reflecting strong long-term appreciation in this market.
Price History
Platte Home Price Trend
2020
$233,920
$234K
—
2021
$262,008
$262K
+12.0%
2022
$308,101
$308K
+17.6%
2023
$307,465
$307K
-0.2%
2024
$330,916
$331K
+7.6%
2025
$345,535
$346K
+4.4%
2026
$363,640
$364K
+5.2%
City Comparison
Platte vs. National Median
🏠 Platte
$363,640
National Median
$410,000
At $363,640, homes in Platte cost 11% below the national median of $410,000. This makes Platte a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Platte?
20% Down Payment
$72,728
on $363,640
Monthly P&I
$1,897/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,409/mo
incl. taxes & insurance
Income Needed
$96,360
gross annual (30% rule)
10% Down Option
$36,364
+ PMI applies
Loan Amount (20% dn)
$290,912
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 Platte, SD?
The median home value in Platte is $363,640 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Platte?
Over the past year, home values in Platte have increased by 5.2%. Over five years, prices have risen approximately 38.8%.
How much do I need to earn to buy a home in Platte?
To comfortably afford the median home price of $363,640 with a 20% down payment ($72,728) at today's rates (6.8%), you'd need a gross annual income of approximately $96,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Platte compare to the national average home price?
The national median home value is approximately $410,000. At $363,640, homes in Platte are 11% below the national average.