There are currently 4,695 real estate properties in Pierre, SD, with a median automated valuation model (AVM) price of $244,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pierre, SD, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pierre, SD, is $266,979.00, with the most expensive house in Pierre, SD, topping out at $4,140,000.00 and the cheapest home in Pierre, SD, clocking in at $30,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Pierre, SD!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pierre, SD, is on a rollercoaster ride. The average rent price in Pierre, SD, is $1,345.00. Indeed, when looking to rent in Pierre, SD, you can expect to pay as little as $600.00 or as much as $2,660.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Pierre, SD -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Pierre is located in Hughes, South Dakota, with an estimated municipal population of 13,867 residents. All of the best foreclosed homes for sale in Pierre are located in the following zip code areas on Foreclosure.com: 57501. The estimated population per square kilometer (.62 miles) in Pierre is 410.
So, about how much do homes cost in Pierre? The most recent median value of resident-owned homes in Pierre is 172,695. An estimated 64.7 percent of households in Pierre own their homes, with an average family size of 2.74. The median household income in Pierre is 62,192, with24.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Pierre, the median commute time of resident workers (in minutes) is 9.8. And last, but certainly not least, are you looking for homes to rent in Pierre? If so, the average rent price paid by renters in Pierre is 667, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Pierre, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Pierre is 37.4, split between 47.6 percent male versus 52.4 female. The percentage of residents who report being married in Pierre is 47.3, with an average family size of 2.74.
The percentage of residents who report their race in Pierre is as follows:
| White | 82.9% |
| Black / African American | 0.2% |
| Asian | 0% |
| American Indian / Alaskan Native | 13.1% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 3% |
| Other | 0.8% |
Looking for family-friendly neighborhoods in and/or near Pierre? Or maybe you are searching for 55+ active adult communities in and/or near Pierre?
The percentage of residents who report their age in Pierre is as follows:
| Under 10 | 13.3% |
| Aged 10-19 | 10.7% |
| 20s | 13.7% |
| 30s | 15.3% |
| 40s | 9.7% |
| 50s | 12.3% |
| 60s | 13.2% |
| 70s | 6.3% |
| 80+ | 5.4% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Pierre with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Pierre.
How do you know that living in -- or moving to -- Pierre is right where you need to be? Perhaps you grew up in Pierre or already live nearby; therefore, the decision to buy a home in Pierre is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Pierre for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Pierre:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Pierre.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Pierre can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Pierre, meanwhile, can field multiple offers from more qualified buyers.
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