Elk Point, SD housing market
The typical Elk Point home is worth about $290,000, up 4.2% in a year, 10% below the South Dakota typical home.
Home values, sales, trends and how Elk Point compares with the towns next door — updated as new data is published.
Elk Point at a glance
Typical home value, 2016–2026
Show as a table
| January | Elk Point | South Dakota |
|---|---|---|
| 2017 | $168,000 | $186,000 |
| 2018 | $182,000 | $195,000 |
| 2019 | $185,000 | $203,000 |
| 2020 | $201,000 | $215,000 |
| 2021 | $215,000 | $235,000 |
| 2022 | $244,000 | $272,000 |
| 2023 | $259,000 | $297,000 |
| 2024 | $264,000 | $301,000 |
| 2025 | $272,000 | $312,000 |
| 2026 | $287,000 | $319,000 |
| August 2026 | $290,000 | $322,000 |
Elk Point and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Elk Point | $290K | +4.2% | $980 | $109,500 |
| Ponca | $240K | +10% | $960 | $76,964 |
| Newcastle | $115K | +1.2% | $960 | $89,583 |
| Brule | — | +32.7%† | $970 | $250,001 |
| Jefferson | $399K | +4.4% | $1,120 | $196,442 |
| Civil Bend | — | +32.7%† | $1,050 | — |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $980
HUD's Fair Market Rent for a two-bedroom in Elk Point is $980 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $680 · 4 bedrooms $1,300
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (57025; Sioux City, IA-NE-SD MSA), 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, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.