Piedmont, SD—57769
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Piedmont, SD
As of Oct '25, the median home price in Piedmont, SD is $476,000, with a year-over-year change of 1.6%. This indicates that home prices in Piedmont, SD are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $476,000 | 1.6% |
| Single Family | $476,000 | 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 | $383,000 | 1.1% |
3 Bed | $455,000 | 1.3% |
4 Bed | $531,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Piedmont, SD
As of July '25, Rentcast reports the average rent in Piedmont, SD is $2,270, with a year-over-year rent change of 26.1%. Per bedroom, the median rent as of July '25 in Piedmont, SD is 2-bedrooms: $1,300, 4-bedrooms: $2,200. The most common rental property sizes in Piedmont, SD are studio and 3-bedroom, accounting for 32.7% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,100 | $2,200 |
% of Rental Stock
Property Listings — Piedmont, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Piedmont, SD is 64. This is a increase of 12.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $716,000 | 26.0% |
Listing Count | 40 | -12.0% |
| Listings as % of Homes | 1.6% | -12.0% |
Days on Market | 64 | 12.0% |
Demographics — Piedmont, SD
As of the latest ACS Survey released in 2023, Piedmont, SD has a population of 4,020, which has remained stable by 1.0% over the past 5 years. Piedmont, SD is a moderately popular place for families, as children make up 24.8% of the population. The area has a moderately educated workforce, with 31.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,020 | 1.0% |
% Under 18 | 24.8% | -6.8% |
% Seniors | 15.0% | 14.5% |
% WFH | 8.2% | 110.3% |
% w/ College Degree | 31.6% | 26.9% |
As of the latest ACS Survey released in 2023, Piedmont, SD is a predominantly white area, with 90.8% of the population identifying as white. The white population has grown by 4.5% in the last 5 years. The second most common race or ethnicity in Piedmont, SD is hispanic, making up 5.9% of the population. Foreign-born residents account for 0.0% of the population in Piedmont, SD, and this percentage has decreased by 100.0% 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 | 90.8% | 4.5% |
% Black | 0.3% | -66.7% |
% Hispanic | 5.9% | 353.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Piedmont, SD
According to HUD data as of 2023, there were 203 mortgage originations in Piedmont, SD, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Piedmont, SD. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 203 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Piedmont, SD
Piedmont, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | -$120 | $1,300 | $1,180 |
| 3 Bedroom | N/A | N/A | $1,620 |
| 4 Bedroom | -$120 | $2,100 | $1,980 |
Affordability — Piedmont, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $476,000 |
| Median Household Income | $91,300 |