Harrisburg, SD—57032
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Harrisburg, SD
As of Oct '25, the median home price in Harrisburg, SD is $353,000, with a year-over-year change of 2.5%. This indicates that home prices in Harrisburg, SD are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $353,000 | 2.5% |
| Single Family | $353,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $297,000 | 2.8% |
3 Bed | $334,000 | 2.5% |
4 Bed | $366,000 | 1.9% |
| 5 Bed | $558,000 | 3.5% |
% of Housing Stock
Rental Trends — Harrisburg, SD
As of July '25, Rentcast reports the average rent in Harrisburg, SD is $1,480, with a year-over-year rent change of -8.6%. Per bedroom, the median rent as of July '25 in Harrisburg, SD is 1-bedrooms: $935, 2-bedrooms: $1,210, 3-bedrooms: $1,810. The most common rental property sizes in Harrisburg, SD are 3-bedroom and 2-bedroom, accounting for 46.7% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $935 |
| 2 Bed Rent | $1,300 | $1,210 |
| 3 Bed Rent | $1,650 | $1,810 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Harrisburg, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Harrisburg, SD is 52. 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | 0.0% |
Listing Count | 82 | -18.0% |
| Listings as % of Homes | 2.2% | -18.0% |
Days on Market | 52 | 22.0% |
Demographics — Harrisburg, SD
As of the latest ACS Survey released in 2023, Harrisburg, SD has a population of 9,560, which has increased by 18.5% over the past 5 years. Harrisburg, SD is a popular place for families, as children make up 31.6% of the population. The area has a moderately educated workforce, with 37.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,560 | 18.5% |
% Under 18 | 31.6% | -8.1% |
% Seniors | 6.0% | -13.0% |
% WFH | 11.0% | 197.3% |
% w/ College Degree | 37.8% | -8.9% |
As of the latest ACS Survey released in 2023, Harrisburg, SD is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Harrisburg, SD is hispanic, making up 3.8% of the population. Foreign-born residents account for 2.1% of the population in Harrisburg, SD, and this percentage has increased by 162.5% 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 | 90.5% | -3.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 3.8% | 442.9% |
% Asian | 0.9% | ∞% |
% Foreign Born | 2.1% | 162.5% |
Mortgage and Risk — Harrisburg, SD
According to HUD data as of 2023, there were 402 mortgage originations in Harrisburg, SD, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Harrisburg, SD. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 402 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Harrisburg, SD
Harrisburg, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 43 |
Total Units Section 8 | 43 |
% Rentals under Section 8 | 6.7% |
% Occupied Section 8 | 72.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $950 | $1,050 |
| 2 Bedroom | -$80 | $1,300 | $1,220 |
| 3 Bedroom | $20 | $1,650 | $1,670 |
| 4 Bedroom | N/A | N/A | $2,050 |
Affordability — Harrisburg, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $353,000 |
| Median Household Income | $107,000 |