The story of this market
The typical home in Fall River County, South Dakota sells for about $287,612, or $206 per square foot.
Prices are up +1.91% from a year ago, so sellers still have some momentum. Homes take about 53 days to sell. Over the long run, values in this county have grown 262% since 2000. The biggest natural hazard here is winter weather, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,289 a month.
HUD sets the fair market rent for a 2-bedroom at $1,289 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively High.
Price climate
Every year of price change, 2000–2025
+10.1%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2021 (+22.7%). Worst: 2011 (-4.4%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.8%
SD · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,616
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+10.1%
2025 change
FHFA repeat-sales index, median of 2 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
94
Relatively High
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $6,763,528.
Mortgage activity
Home lending in this county
81.7%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 298 | 165 | 81.7% | 6.1% | $190,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Fall River County, South Dakota
Fall River County's housing market is characterized by steady, modest price appreciation and a low volume of sales. The market remains relatively affordable compared to national benchmarks, though the price-to-income ratio has risen to 4.2x. Demand is stable, supported by a low unemployment rate and a small, consistent pipeline of new residential permits.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 2 cities · 2 ZIP reports
Median prices moved up 1.9% year over year.
Homes spend a median of 53 days on market with 25.5 months of supply — a slower-moving market.
28% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 10.2% — a stable, low-distress profile.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Sep 15, 2026.
No researched ZIP reports yet — ZIP discovery runs with the county's first refresh, and each ZIP's intel report appears here once its research lands.
The county experiences seasonal fire risks, with recent public land fire restrictions implemented to mitigate wildfire danger.
Economic activity is supported by local government and agricultural sectors, with modest residential development activity of approximately 9 permits authorized in the latest year.
Property taxes are administered by the Fall River County Director of Equalization, with assessment and tax information accessible via the county's online portal.
The local economy is primarily driven by agriculture and public sector employment, with a low unemployment rate of 2.5%.
The Fall River County Director of Equalization manages property assessments, providing public access to valuation and tax records through an online GIS and tax search system.
Data retrieved from U.S. Census Bureau QuickFacts and MoverMath.
Property is assessed at full and true market value, then equalized to 85% of that value to determine the taxable value. The tax amount is calculated by multiplying the taxable value by the local mill levy rate, which is determined by the budgetary requirements of local government units (schools, counties, municipalities).
Governed by Title 10 of the South Dakota Codified Laws.
applies when — Applies to new structures and additions in specific subdivisions or developments where the board of county commissioners has adopted the formula.
Provides a tax break on the assessed value of new structures or additions for up to five or seven years, at the discretion of the county commissioners.
SDCL 10-6-144.
applies when — Applies to residential real property governed by a homeowners' association.
Sellers must provide the buyer with governing documents, a statement of assessments (amount, frequency, purpose), and a list of special one-time assessments from the previous three years prior to a written offer.
SDCL 43-4-44.1, effective for transfers after July 1, 2024.
Sellers of residential real property must provide a written property condition disclosure statement to potential buyers before a written offer is made, covering material facts about the property's condition.
SDCL 43-4-44.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.