Market Overview
Home Prices in Redfield, SD
The median home value in Redfield, SD is $169,347 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.8% compared to a year ago and up 11.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Redfield are priced59% below average.
Over the past five years, Redfield home values have risen by approximately43.1%, reflecting strong long-term appreciation in this market.
Price History
Redfield Home Price Trend
2020
$102,051
$102K
—
2021
$118,352
$118K
+16.0%
2022
$141,689
$142K
+19.7%
2023
$135,564
$136K
-4.3%
2024
$135,507
$136K
+-0.0%
2025
$151,529
$152K
+11.8%
2026
$169,347
$169K
+11.8%
City Comparison
Redfield vs. National Median
🏠 Redfield
$169,347
National Median
$410,000
At $169,347, homes in Redfield cost 59% below the national median of $410,000. This makes Redfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Redfield?
20% Down Payment
$33,869
on $169,347
Monthly P&I
$883/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,121/mo
incl. taxes & insurance
Income Needed
$44,840
gross annual (30% rule)
10% Down Option
$16,935
+ PMI applies
Loan Amount (20% dn)
$135,478
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 Redfield, SD?
The median home value in Redfield is $169,347 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.8% year-over-year.
How much have home prices changed in Redfield?
Over the past year, home values in Redfield have increased by 11.8%. Over five years, prices have risen approximately 43.1%.
How much do I need to earn to buy a home in Redfield?
To comfortably afford the median home price of $169,347 with a 20% down payment ($33,869) at today's rates (6.8%), you'd need a gross annual income of approximately $44,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Redfield compare to the national average home price?
The national median home value is approximately $410,000. At $169,347, homes in Redfield are 59% below the national average.