Skip to main content

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 →

Data compiled by REAIGENT7 — AI listing platform for real estate agents