South Dakota Housing Prices Surge | Pierre News

South Dakota’s housing market has surged since the pandemic, with home prices climbing nearly $100K on the same homes—forcing buyers to take on heavier debt relative to income. While neighboring states like Nebraska and Iowa saw bigger price drops, South Dakota’s prices held firm, leaving it far less affordable. Loan-to-income ratios have jumped from 2.5x to 2.7x, making monthly payments tougher amid higher interest rates. Despite leading the region in new construction permits per capita, supply hasn’t kept pace with demand—meaning affordability is slipping even as builders work harder. South Dakota is no longer the budget-friendly haven it once was, and without broader fixes to supply and demand, prices will likely keep climbing. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/94af11066a87fa72