South Dakota · as of September 2026
What counts as luxury real estate in South Dakota
The convention this site uses
In South Dakota, this site treats homes at $1M and above as luxury. That is our own fixed band, set so the covered markets are the ones where the top of the market actually trades at that level. It is not a loan limit and it is not a median; the medians below are the middle of each market, and luxury inventory trades well above them. The rule and its reasoning are on the methodology page.
South Dakota's luxury markets by home value
Zillow Home Value Index, typical middle-tier home, latest month.
| Market | Median value | Ranked agents |
|---|---|---|
| Rapid City | $325,000 | 10 |
| Sioux Falls | $305,000 | 10 |
What changes at this price in South Dakota
Each fact links to the statute or agency that says so. Facts we could not verify against an official source are left out rather than guessed.
- Transfer and mansion taxes
- South Dakota charges a real estate transfer fee of $0.50 per $500 of value, which is 0.1 percent of the price, paid by the seller when the deed is recorded. Source
- Seller disclosure
- South Dakota sellers of residential property must deliver the state's Seller's Property Condition Disclosure Statement to the buyer before a written offer is accepted. Source
- State estate or inheritance tax
- South Dakota levies no state estate tax and no inheritance tax, so only the federal estate tax applies to a large estate. Source