SD area data
Milbank, SD
Milbank, SD.
Population: 4,883 (Census ACS)
Home values & appreciation
- Median home value
- $233,223
- 1-year appreciation
- +12.1%
- 3-year appreciation
- +19.3%
- 5-year appreciation
- +27.9%
- 10-year appreciation
- +60.7%
- All-time peak (2026-06)
- $233,765
- House Price Index
- 496.2 (+2.9% YoY)
Market activity
- New listings (monthly)
- 4
Affordability
- Cost of living index (Below Average)
- 90.0 (100 = US avg)
- Electricity rate (state-level)
- 13.4¢/kWh
- Natural gas rate (state-level)
- $9.90/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 4
- Elementary schools
- 2
- Middle schools
- 1
- High schools
- 1
Natural hazards & flood risk
- Overall hazard risk
- Very Low
- Top hazards
- coldWave, iceStorm
Climate (30-year normals)
- Average annual temperature
- 43.0°F
- Average high
- 53.0°F
- Average low
- 33.0°F
- Annual precipitation
- 25.6 in
Amenities
- Nearest airport
- Milbank Municipal Airport (5 mi)
- Nearest major airport
- Watertown Regional Airport (ATY) (31 mi)
- Hospitals nearby (~15 mi)
- 1
- Solar radiation rating
- Fair (3.9 kWh/m²/day)
Migration
- Net migration
- +4 tax filers
Housing stock
- Median year housing built
- 1,973
- Median annual property tax
- $1,779
- Households with broadband internet
- 72.6%
Employment & development
- Total county employment
- 3,490
- Average weekly wage
- $1,056
- Top industries (by employment)
- Wholesale Trade, Construction, Accommodation & Food
- Annual residential building permits (county)
- 13
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →