Market Overview
Home Prices in Valley Springs, SD
The median home value in Valley Springs, SD is $354,917 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Valley Springs are priced13% below average. Valley Springs is part of the Sioux Falls, SD metro area.
Over the past five years, Valley Springs home values have risen by approximately33.1%, reflecting strong long-term appreciation in this market.
Price History
Valley Springs Home Price Trend
City Comparison
Valley Springs vs. National Median
At $354,917, homes in Valley Springs cost 13% below the national median of $410,000. This makes Valley Springs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Valley Springs?
20% Down Payment
$70,983
on $354,917
Monthly P&I
$1,851/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,351/mo
incl. taxes & insurance
Income Needed
$94,040
gross annual (30% rule)
10% Down Option
$35,492
+ PMI applies
Loan Amount (20% dn)
$283,934
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 Valley Springs, SD?
The median home value in Valley Springs is $354,917 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Valley Springs?
Over the past year, home values in Valley Springs have increased by 4.4%. Over five years, prices have risen approximately 33.1%.
How much do I need to earn to buy a home in Valley Springs?
To comfortably afford the median home price of $354,917 with a 20% down payment ($70,983) at today's rates (6.8%), you'd need a gross annual income of approximately $94,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Valley Springs compare to the national average home price?
The national median home value is approximately $410,000. At $354,917, homes in Valley Springs are 13% below the national average.
What metro area is Valley Springs part of?
Valley Springs is part of the Sioux Falls, SD metropolitan area. Home prices and market conditions can vary across the broader metro region.