Brandon, SD—57005
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Brandon, SD
As of Oct '25, the median home price in Brandon, SD is $386,000, with a year-over-year change of 1.3%. This indicates that home prices in Brandon, SD are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $386,000 | 1.3% |
| Single Family | $386,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $310,000 | -0.6% |
3 Bed | $323,000 | 1.3% |
4 Bed | $382,000 | 0.8% |
| 5 Bed | $543,000 | 1.5% |
% of Housing Stock
Rental Trends — Brandon, SD
As of July '25, Rentcast reports the average rent in Brandon, SD is $1,060, with a year-over-year rent change of -26.4%. Per bedroom, the median rent as of July '25 in Brandon, SD is studios: $875, 1-bedrooms: $806, 2-bedrooms: $981, 3-bedrooms: $1,440, 4-bedrooms: $2,160. The most common rental property sizes in Brandon, SD are 2-bedroom and 1-bedroom, accounting for 50.1% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $949 | $1,060 |
| Studio Rent | $875 | $875 |
| 1 Bed Rent | $875 | $806 |
| 2 Bed Rent | $950 | $981 |
| 3 Bed Rent | $1,440 | $1,440 |
| 4 Bed Rent | $2,200 | $2,160 |
% of Rental Stock
Property Listings — Brandon, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Brandon, SD is 55. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $437,000 | -4.0% |
Listing Count | 88 | 30.0% |
| Listings as % of Homes | 0.8% | 30.0% |
Days on Market | 55 | 22.0% |
Demographics — Brandon, SD
As of the latest ACS Survey released in 2023, Brandon, SD has a population of 12,100, which has increased by 5.0% over the past 5 years. Brandon, SD is a popular place for families, as children make up 30.1% of the population. The area has a moderately educated workforce, with 41.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,100 | 5.0% |
% Under 18 | 30.1% | -4.4% |
% Seniors | 14.3% | 37.5% |
% WFH | 16.1% | 147.7% |
% w/ College Degree | 41.1% | 9.9% |
As of the latest ACS Survey released in 2023, Brandon, SD is a predominantly white area, with 91.0% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Brandon, SD is hispanic, making up 4.0% of the population. Foreign-born residents account for 3.8% of the population in Brandon, SD, and this percentage has increased by 192.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.0% | -5.8% |
% Black | 3.1% | 416.7% |
% Hispanic | 4.0% | 566.7% |
% Asian | 0.1% | -90.0% |
% Foreign Born | 3.8% | 192.3% |
Mortgage and Risk — Brandon, SD
According to HUD data as of 2023, there were 223 mortgage originations in Brandon, SD, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Brandon, SD. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 223 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Brandon, SD
As of 2024, the percent of homes in Brandon, SD under the Section 8 program is 5.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Brandon, SD, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 41 |
Total Units Section 8 | 41 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 85.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $45 | $875 | $920 |
| 2 Bedroom | $120 | $950 | $1,070 |
| 3 Bedroom | $30 | $1,440 | $1,470 |
| 4 Bedroom | -$400 | $2,200 | $1,800 |
Affordability — Brandon, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $386,000 |
| Median Household Income | $109,000 |