Summerset, SD housing market
The typical Summerset home is worth about $431,000, up 1.4% in a year, 34% above the South Dakota typical home.
Home values, sales, trends and how Summerset compares with the towns next door — updated as new data is published.
Summerset at a glance
Only 4 sales 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 | Summerset | South Dakota |
|---|---|---|
| 2017 | $234,000 | $186,000 |
| 2018 | $247,000 | $195,000 |
| 2019 | $264,000 | $203,000 |
| 2020 | $280,000 | $215,000 |
| 2021 | $303,000 | $235,000 |
| 2022 | $368,000 | $272,000 |
| 2023 | $401,000 | $297,000 |
| 2024 | $413,000 | $301,000 |
| 2025 | $428,000 | $312,000 |
| 2026 | $432,000 | $319,000 |
| August 2026 | $431,000 | $322,000 |
5 new homes permitted in 2025
Builders were permitted 5 new homes in Summerset in 2025, all single-family houses, worth about $1.5 million to build. That's 1.7 per 1,000 residents, slower than across South Dakota (6.6). Over the past 10 years, Summerset has permitted 237 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Summerset gained 1,158 residents while 346 new homes were permitted: about 3.3 new residents per new home. Building and growth moved roughly in step. Across South Dakota: 1.6 new residents per new home.
How Summerset ranks on housing keeping up with growth →
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) | 0 | 0 | 0 | — |
| 2025 | 5 | 5 | 0 | $1.5 million |
| 2024 | 28 | 3 | 25 | $4.9 million |
| 2023 | 26 | 7 | 19 | $6.3 million |
| 2022 | 6 | 6 | 0 | $1.7 million |
| 2021 | 15 | 15 | 0 | $4 million |
| 2020 | 19 | 19 | 0 | $5.3 million |
| 2019 | 18 | 18 | 0 | $5 million |
| 2018 | 34 | 22 | 12 | $7.1 million |
| 2017 | 43 | 19 | 24 | $8 million |
| 2016 | 43 | 43 | 0 | $10.9 million |
| 2015 | 45 | 45 | 0 | $10.3 million |
| 2014 | 58 | 37 | 21 | $8.1 million |
| 2013 | 43 | 43 | 0 | $6.1 million |
| 2012 | 34 | 22 | 12 | $3.5 million |
| 2011 | 9 | 9 | 0 | $1.2 million |
| 2010 | 19 | 19 | 0 | $2.6 million |
| 2009 | 25 | 25 | 0 | $2.9 million |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 54 | 54 | 0 | $8 million |
How Summerset 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.
Summerset and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Summerset | $431K | +1.4% | $1,270 | 5 | $119,271 |
| Blackhawk | $353K | +2% | $1,230 | — | $71,993 |
| Piedmont | — | +4.5%† | $1,350 | 4 | $53,866 |
| Wonderland Homes | — | +14.7%† | $1,230 | — | $86,932 |
† FHFA price index change, where Zillow has no home value for the town.
3.6 years of income
The typical Summerset home costs about 3.6 years of the town's median household income, less than across South Dakota (4.3 years).
How Summerset 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 $1,270
HUD's Fair Market Rent for a two-bedroom in Summerset is $1,270 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Summerset pay a median of $1,288. A two-bedroom takes about 13% of the town's median household income.
Studio $880 · 4 bedrooms $2,130
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (57702, 57718, 57769; Rapid City, 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.