Foreclosure Homes in Brookings, SD

Current Market Conditions in Brookings, SD

The real estate market in Brookings has shown steady growth, with a consistent demand for housing as students and families move into the area. The presence of South Dakota State University contributes significantly to the rental market, providing opportunities for investment properties.

Home prices have remained relatively stable, with a slight increase year-over-year. Buyers can expect to find a variety of home types, from traditional single-family homes to newer developments catering to student housing, making it an attractive option for various demographics.

Rent Prices In Brookings, SD

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Brookings, SD, is on a rollercoaster ride. The average rent price in Brookings, SD, is $1,230.00. Indeed, when looking to rent in Brookings, SD, you can expect to pay as little as $600.00 or as much as $2,710.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Brookings, 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.