Pierre Chamber of Commerce - Your Adventure on the River

Perfect Pad

Pierre offers a wide array of housing options. You can choose to rent a trendy apartment in a multiplex or a cozy loft downtown. For the first-time homeowner, Pierre offers many styles and sizes of homes.

Should I RENT?

Currently there are over 50 rental housing units available in Pierre. Examples of lease costs include:

1 bedroom/1 bath apartment Starting at $280/month
4 bedroom/1.5 bath condo Starting at $725/month

Most rental housing is located through the Pierre newspaper at http://www.capjournal.com/classifieds/lease_rentals/

Or Should I OWN?

Currently there are 125 homes listed on the local Multiple Listing service.

Of those, 29 are in the $85,000 to $150,000 range.

Home Ownership in Pierre & Ft. Pierre - A Brief History

Over the past 12 months, 90 homes sold in Pierre / Ft. Pierre in the $85,000 - $150,000 range
Most of those homes were in the 900 to 1400 sq. ft. main floor size range, tending to be mid 1950’s era with most having 2 – 3 bedrooms and a garage. Most of these homes had a full basement and 1 – 2 bathrooms.
Of those homes sold, the average marketing time was about 78 days with homes typically selling within about 94% of list price.
During this same period of time, there were 123 homes sold in Pierre / Ft. Pierre with the average sale price being $140,500 having been on the market an average of 79 days and selling at 96% of list price.
Interest rates still remain favorable (around 6%) with programs available for first time homebuyers offering fixed rates at 5.375% and step rates starting at 4.375%. Income limits for first time homebuyers in a family of 2 or less are $63,100 in Hughes County and $57,900 in Stanley County. Purchase limits for first time buyers are $204,432 on new construction and existing homes.

For help in searching for a new home, contact any of these Pierre realtors:

Search the Pierre Area Multiple Listing Service

The South Dakota Housing Development Authority is right here in Pierre to help you with buying your first home, down payment assistance and homebuyer education. Visit SDHDA.

Anderson Contractors - 223-3244
G & N Construction - Condominiums for Sale, visit website for more info
Leingang Home Center - visit website for more info
Neil Ogan Construction, LLC - New Homes, Remodeling, Design, visit website for more info
Kelley Construction - 224-9281
Prairie Heritage Homes - New Homes for Sale, visit website for more info
Jimsco, Inc - Lots for Sale, Modular Homes, visit website for more info
Zarecky's Midwest Construction & Development - Building the Perfect House Just for You, visit website for more info

An affordable tract home project is being planned. Check out some of the floor plans in this planned neighborhood development.

	Floor plan #1	Get Acrobat Reader
	Floor plan #2
	Floor plan #3