What income do you need to buy a house in Elk Point, SD?

It takes about $86,000/yr to afford the typical Elk Point, SD home ($294K, +4.7% past year) at today's rates. Starter homes run around $197K. See if you can afford a house in Elk Point (2026 data) — free, no signup.

Market snapshot (2026-07)

• Income needed to buy the typical home: about $86,000/yr (28% front-end ratio, 20% down, 6.76% 30-yr fixed, SD property tax and insurance)
• Typical home value: $294K (Zillow ZHVI, 2026-07)
• 1-year change: +4.7%
• Bottom 35% of homes: $197K
• Top 35% of homes start around: $452K
• Median household income: $90K
• Price-to-income ratio: 3.2
• Estimated payment on the typical home: $1,525/mo principal & interest (20% down, 6.76% 30-yr fixed)

Nearby housing markets

• Vermillion, SD — typical home $277K
• Sioux City, IA — typical home $204K
• South Sioux City, NE — typical home $238K
• Sergeant Bluff, IA — typical home $368K
• Le Mars, IA — typical home $284K
• Wayne, NE — typical home $245K

The most affordable cities to buy a house in South Dakota

Home values are Zillow Group public data (ZHVI, updated monthly); income and population are US Census Bureau ACS 5-year estimates. Estimates only — not financial advice.

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