Hill City, SD—57745
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hill City, SD
As of Oct '25, the median home price in Hill City, SD is $465,000, with a year-over-year change of 1.8%. This indicates that home prices in Hill City, SD are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $465,000 | 1.8% |
| Single Family | $468,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $376,000 | 0.0% |
3 Bed | $509,000 | 2.0% |
4 Bed | $642,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hill City, SD
Hill City, SD lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hill City, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Hill City, SD is 94. This is a increase of 82.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $712,000 | 90.0% |
Listing Count | 22 | -1.0% |
| Listings as % of Homes | 1.7% | -1.0% |
Days on Market | 94 | 82.0% |
Demographics — Hill City, SD
As of the latest ACS Survey released in 2023, Hill City, SD has a population of 1,780, which has decreased by -20.4% over the past 5 years. Hill City, SD is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 34.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,780 | -20.4% |
% Under 18 | 26.5% | 92.0% |
% Seniors | 16.1% | -23.3% |
% WFH | 7.1% | 7.6% |
% w/ College Degree | 34.2% | 58.3% |
As of the latest ACS Survey released in 2023, Hill City, SD is a predominantly white area, with 85.9% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Hill City, SD is hispanic, making up 5.5% of the population. Foreign-born residents account for 1.8% of the population in Hill City, SD, and this percentage has decreased by 78.8% 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 | 85.9% | 0.8% |
% Black | 0.0% | N/A |
% Hispanic | 5.5% | -56.0% |
% Asian | 0.7% | ∞% |
% Foreign Born | 1.8% | -78.8% |
Mortgage and Risk — Hill City, SD
According to HUD data as of 2023, there were 69 mortgage originations in Hill City, SD, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Hill City, SD. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 69 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Hill City, SD
Hill City, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 25 |
Total Units Section 8 | 25 |
% Rentals under Section 8 | 23.6% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Hill City, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $465,000 |
| Median Household Income | $90,100 |