Aberdeen, SD—57401
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Aberdeen, SD
As of Oct '25, the median home price in Aberdeen, SD is $230,000, with a year-over-year change of 4.8%. This indicates that home prices in Aberdeen, SD are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $230,000 | 4.8% |
| Single Family | $230,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $170,000 | 4.9% |
3 Bed | $221,000 | 5.7% |
4 Bed | $266,000 | 4.3% |
| 5 Bed | $362,000 | 3.7% |
% of Housing Stock
Rental Trends — Aberdeen, SD
As of July '25, Rentcast reports the average rent in Aberdeen, SD is $986, with a year-over-year rent change of -19.8%. Per bedroom, the median rent as of July '25 in Aberdeen, SD is studios: $927, 1-bedrooms: $844, 2-bedrooms: $1,060, 3-bedrooms: $1,510, 4-bedrooms: $1,350. The most common rental property sizes in Aberdeen, SD are 2-bedroom and 1-bedroom, accounting for 39.9% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $986 |
| Studio Rent | $750 | $927 |
| 1 Bed Rent | $838 | $844 |
| 2 Bed Rent | $1,020 | $1,060 |
| 3 Bed Rent | $1,400 | $1,510 |
| 4 Bed Rent | $1,200 | $1,350 |
% of Rental Stock
Property Listings — Aberdeen, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Aberdeen, SD is 60. This is a increase of 11.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $336,000 | 24.0% |
Listing Count | 107 | 13.0% |
| Listings as % of Homes | 0.2% | 13.0% |
Days on Market | 60 | 11.0% |
Demographics — Aberdeen, SD
As of the latest ACS Survey released in 2023, Aberdeen, SD has a population of 32,100, which has decreased by -2.5% over the past 5 years. Aberdeen, SD is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 34.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,100 | -2.5% |
% Under 18 | 23.2% | -1.7% |
% Seniors | 17.1% | 8.9% |
% WFH | 6.1% | 35.6% |
% w/ College Degree | 34.7% | 12.7% |
As of the latest ACS Survey released in 2023, Aberdeen, SD is a predominantly white area, with 82.9% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Aberdeen, SD is hispanic, making up 4.9% of the population. Foreign-born residents account for 3.9% of the population in Aberdeen, SD, and this percentage has decreased by 9.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.9% | -4.3% |
% Black | 0.5% | -80.0% |
% Hispanic | 4.9% | 104.2% |
% Asian | 3.4% | -2.9% |
% Foreign Born | 3.9% | -9.3% |
Mortgage and Risk — Aberdeen, SD
According to HUD data as of 2023, there were 337 mortgage originations in Aberdeen, SD, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Aberdeen, SD. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 337 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 5.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Aberdeen, SD
Aberdeen, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 912 |
Total Units Section 8 | 812 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$158 | $838 | $680 |
| 2 Bedroom | -$150 | $1,020 | $870 |
| 3 Bedroom | -$180 | $1,400 | $1,220 |
| 4 Bedroom | $270 | $1,200 | $1,470 |
Affordability — Aberdeen, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $230,000 |
| Median Household Income | $68,200 |