Denver, SD housing market
Home prices around Denver have risen about 87% over the past 5 years.
Home values, sales, trends and how Denver compares with the towns next door — updated as new data is published.
Home prices up 87% in 5 years
The federal house price index for the ZIP codes around Denver rose 87% over the past 5 years, faster than across South Dakota (50%). Last year prices rose 20%.
Show as a table
| Year | Change that year | Since 2003 | South Dakota since 2003 |
|---|---|---|---|
| 2025 | +20% | +279% | +154% |
| 2024 | +7.5% | +216% | +147% |
| 2023 | +14% | +194% | +138% |
| 2022 | +15% | +157% | +122% |
| 2021 | +10% | +123% | +89% |
| 2020 | 0% | +102% | +70% |
| 2019 | +4.3% | +102% | +65% |
| 2018 | +10% | +94% | +58% |
| 2017 | +9.3% | +76% | +51% |
| 2016 | −9.9% | +61% | +44% |
| 2015 | +6.3% | +78% | +38% |
| 2014 | +8% | +68% | +33% |
| 2013 | +7.3% | +55% | +29% |
| 2012 | +3.7% | +45% | +25% |
| 2011 | +4.3% | +40% | +23% |
| 2010 | −2.6% | +34% | +24% |
| 2009 | −6.4% | +37% | +25% |
| 2008 | +10% | +47% | +25% |
| 2007 | +0.5% | +33% | +23% |
| 2006 | +6.4% | +32% | +18% |
| 2005 | +26% | +24% | +13% |
| 2004 | −1.3% | −1.3% | +5.4% |
| 2003 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 57212, 57249, covering 89% of Denver’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Denver and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Denver | — | +20%† | $970 | — | $114,375 |
| Arlington | $327K | +9.3% | $970 | 0 | $71,296 |
| Spring Lake | — | +20%† | $960 | — | $112,083 |
| Bangor | — | +15.4%† | $1,000 | — | $150,833 |
| Winsor | — | +20%† | $970 | — | $125,789 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Denver is $970 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $680 · 4 bedrooms $1,500
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (57212, 57249; Brookings County, SD), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.