Irene, SD housing market
The typical Irene home is worth about $282,000, down 2.6% in a year, 12% below the South Dakota typical home.
Home values, sales, trends and how Irene compares with the towns next door — updated as new data is published.
Irene at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Irene | South Dakota |
|---|---|---|
| 2017 | $159,000 | $186,000 |
| 2018 | $180,000 | $195,000 |
| 2019 | $189,000 | $203,000 |
| 2020 | $199,000 | $215,000 |
| 2021 | $231,000 | $235,000 |
| 2022 | $265,000 | $272,000 |
| 2023 | $289,000 | $297,000 |
| 2024 | $265,000 | $301,000 |
| 2025 | $284,000 | $312,000 |
| 2026 | $284,000 | $319,000 |
| August 2026 | $282,000 | $322,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Irene in 2025. Over the past 10 years, Irene has permitted 5 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $500,000 |
| 2025 | 1 | 1 | 0 | $500,000 |
| 2024 | 1 | 1 | 0 | $321,000 |
| 2023 | 1 | 1 | 0 | $303,000 |
| 2022 | 1 | 1 | 0 | $162,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 1 | 1 | 0 | $165,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 1 | 1 | 0 | $365,000 |
| 2011 | 1 | 1 | 0 | $290,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $135,000 |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Irene is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Irene pay a median of $756, so moving in tends to cost more than staying put.
Studio $680 · 4 bedrooms $1,580
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (57037; 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, August 2026. 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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.