Brookings, SD home prices
Typical home $327,091 · +6.1% in a year · income needed $95,600
The Brookings, SD metro area ranks 264 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.1% in a year and +29.9% over five years. With 20% down at 7.11%, the typical home costs about $2,231 a month including 1.13% property tax (Brookings County rate).
Mortgage on the typical Brookings home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $65,418 | $261,673 | $1,760 | $0 | $471 | $2,231 | $95,600 |
| 10% down | $32,709 | $294,382 | $1,980 | $123 | $471 | $2,574 | $110,300 |
| 5% down | $16,355 | $310,737 | $2,090 | $129 | $471 | $2,690 | $115,300 |
| 3.5% down (FHA) | $11,448 | $321,167 | $2,161 | $145 | $471 | $2,776 | $119,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.13% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Brookings area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Brookings County, SD | $327,004 | +6.1% | 1.13% |
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Frequently asked questions
How much is a house in Brookings?
The typical home in the Brookings, SD metro area is worth $327,091 (Zillow, September 2026).
What salary do you need to buy a house in Brookings?
About $95,600 a year for the typical home with 20% down at 7.11%.