Elk Point, SD housing market
The median sale price was $287,000 in May 2026.
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
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 71% in 5 years
The federal house price index for the ZIP code around Elk Point rose 71% over the past 5 years, faster than across South Dakota (50%). Last year prices rose 33%. Carrying the Census median home value forward with that index puts the typical Elk Point home at roughly $459,000 today.
Show as a table
| Year | Change that year | Since 2000 | South Dakota since 2000 |
|---|---|---|---|
| 2025 | +33% | +195% | +181% |
| 2024 | −1.2% | +122% | +173% |
| 2023 | +7.4% | +125% | +164% |
| 2022 | +16% | +109% | +145% |
| 2021 | +4.9% | +81% | +109% |
| 2020 | +2.3% | +72% | +88% |
| 2019 | +5.6% | +69% | +83% |
| 2018 | +4.3% | +60% | +75% |
| 2017 | +5.5% | +53% | +67% |
| 2016 | +5.5% | +45% | +59% |
| 2015 | +7.5% | +37% | +52% |
| 2014 | +3.8% | +28% | +47% |
| 2013 | −3.2% | +23% | +42% |
| 2012 | +5% | +27% | +38% |
| 2011 | −3.4% | +21% | +37% |
| 2010 | −2.1% | +26% | +37% |
| 2009 | +5.4% | +28% | +38% |
| 2008 | +1.9% | +22% | +38% |
| 2007 | +9.6% | +19% | +36% |
| 2006 | −5.5% | +8.8% | +31% |
| 2005 | +9.4% | +15% | +25% |
| 2004 | −1.5% | +5.2% | +17% |
| 2003 | +1.2% | +6.8% | +11% |
| 2002 | +2.9% | +5.5% | +7.9% |
| 2001 | +2.5% | +2.5% | +4.3% |
| 2000 | — | — | — |
How Elk Point ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 57025, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
8 new homes permitted in 2025
Builders were permitted 8 new homes in Elk Point in 2025, all single-family houses, worth about $2.2 million to build. That's 3.2 per 1,000 residents, slower than across South Dakota (6.6). Over the past 10 years, Elk Point has permitted 60 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Elk Point gained 186 residents while 31 new homes were permitted: about 6 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across South Dakota: 1.6 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 6 | 6 | 0 | $1.6 million |
| 2025 | 8 | 8 | 0 | $2.2 million |
| 2024 | 7 | 7 | 0 | $1.9 million |
| 2023 | 6 | 6 | 0 | $1.6 million |
| 2022 | 5 | 5 | 0 | $1.3 million |
| 2021 | 3 | 3 | 0 | $915,000 |
| 2020 | 15 | 15 | 0 | $3.8 million |
| 2019 | 4 | 4 | 0 | $1 million |
| 2018 | 4 | 4 | 0 | $1 million |
| 2017 | 4 | 4 | 0 | $1 million |
| 2016 | 4 | 4 | 0 | $1 million |
| 2015 | 5 | 5 | 0 | $1.1 million |
| 2014 | 1 | 1 | 0 | $260,000 |
| 2013 | 1 | 1 | 0 | $260,000 |
| 2012 | 2 | 2 | 0 | $438,000 |
| 2011 | 2 | 2 | 0 | $278,000 |
| 2010 | 4 | 4 | 0 | $961,000 |
| 2009 | 4 | 4 | 0 | $880,000 |
| 2008 | 5 | 5 | 0 | $1.1 million |
| 2007 | 25 | 21 | 4 | $4.5 million |
| 2006 | 14 | 14 | 0 | $1.8 million |
| 2005 | 13 | 13 | 0 | $1.7 million |
| 2004 | 4 | 4 | 0 | $451,000 |
| 2003 | 15 | 15 | 0 | $1.6 million |
| 2002 | 13 | 13 | 0 | $1.3 million |
| 2001 | 28 | 26 | 2 | $2.9 million |
| 2000 | 14 | 14 | 0 | $1.6 million |
Elk Point's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How Elk Point ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
2.7 years of income
The typical Elk Point home costs about 2.7 years of the town's median household income, less than across South Dakota (4.3 years).
How Elk Point ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
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. A two-bedroom takes about 13% of the town's median household income.
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. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits 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.