Market Overview
Home Prices in Tea, SD
The median home value in Tea, SD is $391,105 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.6% compared to a year ago and up 3.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Tea are priced5% below average. Tea is part of the Sioux Falls, SD metro area.
Over the past five years, Tea home values have risen by approximately27.4%, reflecting strong long-term appreciation in this market.
Price History
Tea Home Price Trend
2020
$273,455
$273K
—
2021
$307,064
$307K
+12.3%
2022
$359,532
$360K
+17.1%
2023
$365,660
$366K
+1.7%
2024
$374,379
$374K
+2.4%
2025
$388,963
$389K
+3.9%
2026
$391,105
$391K
+0.6%
City Comparison
Tea vs. National Median
🏠 Tea
$391,105
National Median
$410,000
At $391,105, homes in Tea cost 5% below the national median of $410,000. This makes Tea a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Tea?
20% Down Payment
$78,221
on $391,105
Monthly P&I
$2,040/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,591/mo
incl. taxes & insurance
Income Needed
$103,640
gross annual (30% rule)
10% Down Option
$39,111
+ PMI applies
Loan Amount (20% dn)
$312,884
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 Tea, SD?
The median home value in Tea is $391,105 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.6% year-over-year.
How much have home prices changed in Tea?
Over the past year, home values in Tea have increased by 0.6%. Over five years, prices have risen approximately 27.4%.
How much do I need to earn to buy a home in Tea?
To comfortably afford the median home price of $391,105 with a 20% down payment ($78,221) at today's rates (6.8%), you'd need a gross annual income of approximately $103,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Tea compare to the national average home price?
The national median home value is approximately $410,000. At $391,105, homes in Tea are 5% below the national average.
What metro area is Tea part of?
Tea is part of the Sioux Falls, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.