House Prices

House Prices & Home Values Hot Springs, SD 2026


Average Data

average house price$404,954
average size per house2096 ft²
average price per ft²194 $ / ft²

05/10/2026 - The value range (VR) for house prices in Hot Springs, SD is $177/ sqft to $177/ sqft. An average home with 2096 sqft costs approximately $370,992 to $370,992. Hot Springs, SD includes 1 ZIP codes and it is located in Fall River county. The lowest prices are found in ZIP 57747, while the highest are in ZIP 57747. The average price per sqare feet is $194. Our analysis is based on 13 property listings.

Avergage prices by ZIP codes Hot Springs

57747176 $ / ft²




Historical development of home values in Hot Springs

Year Estimated value (USD) Change vs. 2025
2010 $188,068 -53.6%
2011 $180,795 -55.4%
2012 $180,309 -55.5%
2013 $187,048 -53.8%
2014 $196,349 -51.5%
2015 $206,426 -49.0%
2016 $217,199 -46.4%
2017 $228,922 -43.5%
2018 $241,578 -40.3%
2019 $252,780 -37.6%
2020 $265,847 -34.4%
2021 $302,373 -25.3%
2022 $352,498 -13.0%
2023 $371,726 -8.2%
2024 $393,231 -2.9%
2025 $404,954 0.0%

Graph: estimated home values in Hot Springs over time (USD)



Example: 100% financing house in Hot Springs

Loan amount: $404,954

Interest rate: 6.00%

Fixed monthly payment: $2,427.90

Breakdown in the 1st month:
Interest portion: $2,024.77  –  Principal portion: $403.13

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $24,161.96 $4,972.88 $399,981.12
2 $23,855.25 $5,279.60 $394,701.52
3 $23,529.61 $5,605.23 $389,096.29
4 $23,183.89 $5,950.95 $383,145.33
5 $22,816.85 $6,317.99 $376,827.34
6 $22,427.17 $6,707.67 $370,119.67
7 $22,013.46 $7,121.39 $362,998.28
8 $21,574.23 $7,560.62 $355,437.66
9 $21,107.90 $8,026.94 $347,410.72
10 $20,612.82 $8,522.03 $338,888.69
11 $20,087.20 $9,047.65 $329,841.04
12 $19,529.16 $9,605.69 $320,235.36
13 $18,936.70 $10,198.14 $310,037.22
14 $18,307.70 $10,827.14 $299,210.07
15 $17,639.91 $11,494.94 $287,715.14
16 $16,930.93 $12,203.92 $275,511.22
17 $16,178.22 $12,956.63 $262,554.59
18 $15,379.08 $13,755.77 $248,798.82
19 $14,530.65 $14,604.19 $234,194.63
20 $13,629.90 $15,504.95 $218,689.68
21 $12,673.59 $16,461.26 $202,228.42
22 $11,658.29 $17,476.55 $184,751.87
23 $10,580.38 $18,554.47 $166,197.40
24 $9,435.98 $19,698.87 $146,498.54
25 $8,221.00 $20,913.85 $125,584.69
26 $6,931.08 $22,203.77 $103,380.92
27 $5,561.60 $23,573.25 $79,807.67
28 $4,107.65 $25,027.20 $54,780.47
29 $2,564.03 $26,570.82 $28,209.65
30 $925.20 $28,209.65 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Hot Springs, SD


1500 sqft3900 sqft
Ø selling price$352,110$749,035
Ø fast selling$320,100$674,131
Ø high price sale$384,121$823,938

In 2026, houses in Hot Springs, SD will be offered at an average price of $194 per square foot. A 1,500 sqft home priced at $352,110 is 22.75% more expensive per square foot than a 3,900 sqft home priced at $749,035. Home prices in Hot Springs, SD vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $518,563. Sellers who can wait longer may achieve a higher price of up to $633,798.


Explore Hot Springs, South Dakota

Hot Springs, South Dakota is a welcoming Black Hills gateway known for its warm mineral waters and striking sandstone architecture.

Natural Wonders

Fed by the Fall River, the city?s namesake springs power relaxation at Evans Plunge and create a mild microclimate year-round.
Nearby, Wind Cave National Park and Custer State Park offer wildlife viewing and cave tours minutes from downtown.

History and Culture

History comes alive at the world-renowned Mammoth Site, a working paleontological dig with Ice Age fossils and hands-on exhibits.
Stroll past preserved sandstone buildings, local museums, and murals that tell the frontier and Lakota stories of the region.

Outdoor Adventure

Hikers, cyclists, and paddlers enjoy the Freedom Trail, nearby access to the Mickelson Trail, and calm stretches of the Fall River through town.
Scenic drives lead to Needles Highway, Sylvan Lake, and panoramic overlooks ideal for photography and sunrise or sunset picnics.

Travel Planning

Downtown Hot Springs SD features boutique lodging, hearty dining, and walkable parks, making it easy to plan a weekend basecamp.
Annual events, farmers markets, and family-friendly festivals add small-town charm without sacrificing modern amenities and services.
Whether you seek wellness, fossils, or Black Hills adventure, Hot Springs delivers an affordable, year-round destination with genuine Western hospitality.



FAQ – Home Values in Hot Springs

What is the median home value in Hot Springs in 2026?

In 2026, the typical home value in Hot Springs is about $404,954 for an average home size of 2096 square feet. This corresponds to an average price of roughly $194 per square foot.

What is the average cost per square foot in Hot Springs?

In 2026, homes in Hot Springs sell for an average of around $194 per square foot, with a typical range between $177 and $177 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Hot Springs is about 2096 square feet, with an estimated 2026 value around $404,954.



Locations close to Hot Springs, SD

Howes, SD157 $ / ft²
Interior, SD1839 $ / ft²
Keystone, SD167 $ / ft²
Hill City, SD179 $ / ft²
Hermosa, SD201 $ / ft²
Fort Meade, SD187 $ / ft²
  imprint  Privacy