Home Values in Aberdeen, South Dakota — 2026 Market Report
Updated March 2026 | Seller's Market | +3.1% YoY
The median home value in Aberdeen, South Dakota is $215,000 as of March 2026, which is below the national median of $400,000. Home values in Aberdeen have increased by 3.1% over the past year and 16.5% over the last five years. With a population of 28,495 and a median household income of $48,250, the price-to-income ratio stands at 4.5x, making Aberdeen affordable for the average household.
Aberdeen Housing Market Conditions
| Metric | Aberdeen | National Avg |
|---|---|---|
| Median Home Value | $215,000 | $400,000 |
| YoY Appreciation | +3.1% | +3.8% |
| 5-Year Appreciation | +16.5% | +22.4% |
| Price per Sq Ft | $74 | $222 |
| Days on Market | 47 days | 45 days |
| Months of Supply | 2.6 | 3.5 |
| List-to-Sale Ratio | 98.8% | 98.5% |
| Monthly Homes Sold | 18 | — |
| Foreclosure Rate | 0.29% | 0.3% |
Home Value Trends in Aberdeen
A homeowner who purchased at the median price of $184,549 five years ago in Aberdeen would have gained approximately $30,451 in equity, representing a 16.5% return on investment. Over the past year alone, the typical homeowner gained $6,465 in home equity.
Affordability in Aberdeen, SD
With a median household income of $48,250 and a median home price of $215,000, the price-to-income ratio in Aberdeen is 4.5x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,305 compared to estimated monthly ownership costs of $1,241 gives a rent-vs-buy ratio of 0.95. In Aberdeen, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Aberdeen
The effective property tax rate in South Dakota is 1.22%. On a home valued at $215,000, the estimated annual property tax bill is $2,623, or approximately $219/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Aberdeen is 85.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Aberdeen, SD?
The median home value in Aberdeen, South Dakota is $215,000 as of March 2026. Home values have changed +3.1% over the past year, with a 5-year appreciation of 16.5%.
Is Aberdeen a buyer's or seller's market?
Aberdeen is currently a seller's market with 2.6 months of housing supply. Homes spend an average of 47 days on market, and the list-to-sale price ratio is 98.8%. Low inventory gives sellers an advantage.
Are home values going up in Aberdeen?
Yes, home values in Aberdeen have increased by 3.1% over the past year. The 5-year appreciation rate is 16.5%, meaning a home worth $184,549 five years ago is now worth $215,000.
Is it better to rent or buy in Aberdeen?
The average monthly rent in Aberdeen is $1,305, while estimated monthly homeownership costs are approximately $1,241. The price-to-rent ratio is 13.7. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other South Dakota Cities
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Disclaimer: Home value data for Aberdeen, South Dakota is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.