Prairie, SD housing market
Home prices around Prairie have risen about 57% over the past 5 years.
Home values, sales, trends and how Prairie compares with the towns next door — updated as new data is published.
Home prices up 57% in 5 years
The federal house price index for the ZIP codes around Prairie rose 57% over the past 5 years, faster than across South Dakota (50%). Last year prices rose 3.1%.
Show as a table
| Year | Change that year | Since 2000 | South Dakota since 2000 |
|---|---|---|---|
| 2025 | +3.1% | +224% | +181% |
| 2024 | +15% | +214% | +173% |
| 2023 | +4% | +173% | +164% |
| 2022 | +16% | +162% | +145% |
| 2021 | +9.2% | +126% | +109% |
| 2020 | +1.8% | +107% | +88% |
| 2019 | +6.7% | +103% | +83% |
| 2018 | +7.3% | +90% | +75% |
| 2017 | +7.6% | +77% | +67% |
| 2016 | +3.8% | +65% | +59% |
| 2015 | +5.5% | +59% | +52% |
| 2014 | +5.2% | +50% | +47% |
| 2013 | −0.5% | +43% | +42% |
| 2012 | +3.3% | +44% | +38% |
| 2011 | 0% | +39% | +37% |
| 2010 | −2.2% | +39% | +37% |
| 2009 | +1.6% | +42% | +38% |
| 2008 | +1.8% | +40% | +38% |
| 2007 | +5.2% | +38% | +36% |
| 2006 | +0.2% | +31% | +31% |
| 2005 | +13% | +31% | +25% |
| 2004 | +3.7% | +16% | +17% |
| 2003 | −1.7% | +12% | +11% |
| 2002 | +3.9% | +13% | +7.9% |
| 2001 | +9.1% | +9.1% | +4.3% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 57004, 57001, covering 71% of Prairie’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.
Prairie and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Prairie | — | +3.1%† | $1,000 | — | — |
| Beresford | $328K | +4% | $1,010 | 3 | $78,793 |
| Alcester | $302K | +4.9% | $980 | — | $110,156 |
| Pleasant | — | +3.1%† | $1,010 | — | $129,250 |
| Emmet | — | +3.1%† | $1,000 | — | $117,500 |
| Glenwood | — | +3.1%† | $1,000 | — | $84,600 |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $1,000
HUD's Fair Market Rent for a two-bedroom in Prairie is $1,000 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $700 · 4 bedrooms $1,560
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (57001, 57004; 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. 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.