A typical Split Rock home is worth roughly $555,000
Home prices around Split Rock have risen about 43% over the past 5 years.
What kind of housing town is Split Rock?
Read from the numbers below. The page puts what stands out first.
A typical home costs 3.8 years of income
Less than across South Dakota (4.3 years). Try your own numbers below.
That covers a typical Split Rock home, with $17K to spare.
A two-bedroom rents for about $1,190 a month here, $2,160 less than owning.
How Split Rock ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Split Rock’s typical property tax (0.95% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
93% of Split Rock households own their home
Half of Split Rock’s homes were built before 1984.
South Dakota: 69% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Home prices up 43% in 5 years
The federal house price index for the ZIP codes around Split Rock rose 43% over the past 5 years, slower than across South Dakota (50%). Last year prices rose 3.3%. Carrying the Census median home value forward with that index puts the typical Split Rock home at roughly $555,000 today.
Carrying the Census median forward with the index puts a typical home at about $555K.
How Split Rock ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Split Rock, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A two-bedroom rents for about $1,190
Renters already here pay a median of $987, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Sioux Falls, SD HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Split Rock vs. its neighbors
Split Rock is the priciest of 5 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Split Rock | $555K* | +3.3%† | $1,190 | — | $147,717 |
| Sioux Falls | $332K | +1.3% | $1,200 | 1,834 | $75,970 |
| Brandon | $337K* | +3.3%† | $1,180 | 119 | $110,806 |
| Anderson | — | +3.3%† | $1,210 | — | $145,556 |
| Brandon | $395K | +2% | $1,140 | — | $114,271 |
| Pine Lakes Addition | — | +3.3%† | $1,210 | — | $170,795 |
| Valley Springs | $352K | +3.6% | $1,220 | — | $72,308 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Split Rock buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. The calculator is an estimate, not a loan offer.