Mitchell, SD

Metro area in South Dakota · Updated Jan 2026

12-Month Forecast ↑ +1.7%

Median Home Value

$246,214

↑ +4.2%

Year-over-year

Median Rent

$1,032/mo

Year-over-year

Rental Yield

5%

Good for investors

5-Year Appreciation

+39.9%

Active Listings

80

For-sale inventory

Price-to-Rent Ratio

19.9

Neutral market

Price Forecast

1 Month

↑ +0.2%

3 Months

↑ +0.6%

12 Months

↑ +1.7%

5-Year Price Trend

Calculate your mortgage for Mitchell, SD

See monthly payments for a $246,214 home →

Should you rent or buy in Mitchell, SD?

Price-to-rent ratio: 19.9x — It depends on your timeline. Run a full breakeven analysis with Mitchell, SD numbers pre-filled →

Frequently Asked Questions