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Aberdeen vs Brookings:
Housing Costs in South Dakota

Side-by-side comparison of home prices, mortgage payments, and housing costs between Aberdeen and Brookings, South Dakota. Using South Dakota's 1.22% property tax rate and $2,300/year insurance. Updated for 2026.

MetricAberdeenBrookings
Median Home Price$215K$265K
Population28,32424,895
Average Rent$880/mo$950/mo
Est. Monthly Mortgage (P&I)$1,223/mo$1,507/mo
Est. Monthly Property Tax$219/mo$269/mo
Est. Monthly Insurance$192/mo$192/mo
Est. Total PITI$1,714/mo$2,068/mo
Price-to-Rent Ratio20.423.2
Verdict

Aberdeen edges out Brookings in affordability, saving you roughly $354/month on total housing costs. Both cities are in South Dakota, so property tax rates and insurance costs are the same — the difference comes down to home prices and what you get for your money in each market.

Monthly Payment Comparison

Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses South Dakota's 1.22% property tax rate.

Aberdeen
Home Price$215,000
Down Payment (10%)$21,500
Loan Amount$193,500
Monthly P&I$1,223
Monthly Property Tax$219
Monthly Insurance$192
Monthly PMI$81
Total PITI$1,714/mo
Annual property tax: $2,623
Brookings
Home Price$265,000
Down Payment (10%)$26,500
Loan Amount$238,500
Monthly P&I$1,507
Monthly Property Tax$269
Monthly Insurance$192
Monthly PMI$99
Total PITI$2,068/mo
Annual property tax: $3,233

Buying in Aberdeen saves you approximately $354/month ($4,248/year) compared to Brookings, based on median home prices with identical loan terms.

Which City Is Better For...

First-Time Buyers

Aberdeen is the better choice for first-time buyers, with a median price of $215K versus $265K in Brookings. That's $50K less to save for a down payment. You'd need roughly $8K for an FHA 3.5% down payment in Aberdeen, compared to $9K in Brookings. South Dakota offers the SDHDA First-Time Homebuyer program (Fixed-rate FTB loans) which applies in both cities.

Real Estate Investment

Aberdeen has the better price-to-rent ratio at 20.4x versus 23.2x in Brookings. A lower ratio generally signals better rental income relative to purchase price. Average rent in Aberdeen is $880/month on a $215K median home, making it a stronger candidate for buy-and-rent investors.

Families

Aberdeen (pop. 28,324) offers more amenities, schools, and services typical of a larger city, while Brookings (pop. 24,895) may offer a quieter, more community-oriented lifestyle. Aberdeen offers both more options and lower housing costs, making it attractive for families who want urban amenities without a premium price.

Income Needed to Afford the Median Home

Aberdeen
$73K
annual household income
Based on $1,714/mo PITI at 28% DTI
Brookings
$89K
annual household income
Based on $2,068/mo PITI at 28% DTI

Other Cities in South Dakota

Sioux Falls$295K
Pop. 192,517 · Rent $1,150/mo
Rapid City$315K
Pop. 77,503 · Rent $1,180/mo
Watertown$225K
Pop. 22,655 · Rent $850/mo
Mitchell$195K
Pop. 15,660 · Rent $780/mo
Yankton$215K
Pop. 14,790 · Rent $820/mo
Pierre$235K
Pop. 14,091 · Rent $880/mo
Huron$175K
Pop. 13,289 · Rent $750/mo
Vermillion$235K
Pop. 11,695 · Rent $850/mo

Explore South Dakota

South Dakota Mortgage Guide$295K median →
1.22% tax · $2K closing · $2,300/yr insurance
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Aberdeen or Brookings.
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