Enterprise, SD housing market
Home prices around Enterprise have risen about 44% over the past 5 years.
Home values, sales, trends and how Enterprise compares with the towns next door — updated as new data is published.
Home prices up 44% in 5 years
The federal house price index for the ZIP codes around Enterprise rose 44% over the past 5 years, slower than across South Dakota (50%). Last year prices fell 1.9%.
Show as a table
| Year | Change that year | Since 2000 | South Dakota since 2000 |
|---|---|---|---|
| 2025 | −1.9% | +166% | +181% |
| 2024 | +1.5% | +171% | +173% |
| 2023 | +8.4% | +167% | +164% |
| 2022 | +20% | +146% | +145% |
| 2021 | +11% | +105% | +109% |
| 2020 | +2.3% | +85% | +88% |
| 2019 | +5.7% | +81% | +83% |
| 2018 | +2.9% | +71% | +75% |
| 2017 | +6.2% | +66% | +67% |
| 2016 | +8.6% | +56% | +59% |
| 2015 | +2.2% | +44% | +52% |
| 2014 | +5.4% | +41% | +47% |
| 2013 | −0.5% | +34% | +42% |
| 2012 | +5% | +34% | +38% |
| 2011 | +2.7% | +28% | +37% |
| 2010 | −5.4% | +24% | +37% |
| 2009 | −1.6% | +32% | +38% |
| 2008 | +5% | +34% | +38% |
| 2007 | +1.4% | +27% | +36% |
| 2006 | +9.8% | +26% | +31% |
| 2005 | +0.5% | +14% | +25% |
| 2004 | +7.4% | +14% | +17% |
| 2003 | +1.5% | +5.9% | +11% |
| 2002 | +3.6% | +4.3% | +7.9% |
| 2001 | +0.7% | +0.7% | +4.3% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 57022, 57065, covering 86% of Enterprise’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.
Enterprise and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Enterprise | — | −1.9%† | $1,070 | — | $168,438 |
| Egan | $218K | +20.9% | $980 | — | $136,500 |
| Trent | $318K | +12.7% | $930 | 1 | $74,063 |
| Dell Rapids | $371K | +4.2% | $1,100 | — | $100,556 |
| Lynn | — | +8%† | $1,020 | — | $91,458 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $1,070
HUD's Fair Market Rent for a two-bedroom in Enterprise is $1,070 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $790 · 4 bedrooms $1,770
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (57022, 57065; Sioux Falls, SD HUD Metro FMR Area), 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.