Elk Point, South Dakota.
Typical home $290,656 (+3.6% in a year). Sioux City, IA-NE-SD metro.
to buy the typical home at today's mortgage rate — +$790 (+107%) since Jan 2020.
- 1 year
- Up $10,021 +4%
- $280,635$290,656 since Sep 2025
- 5 years
- Up $55,214 +23%
- $235,442$290,656 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Elk Point$1,526
- South Dakota$1,668
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Elk Point, SD rose 3.6% over the past year — faster than the nation's +1.2%.
Living in Elk Point, Union County, South Dakota
Elk Point is a city of 2,149 people in Union County. Half its households earn more than $90,473 a year and half less, against $89,636 across Union County; 8% of its people live below the poverty line. 78% of its homes are lived in by their owners and 22% are rented. Unemployment in Union County was 2.6% in August 2026, and the county had 0.7% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Elk Point is a small city in Union County, in the far southeastern corner of South Dakota. Most homes here are lived in by their owners, and household incomes run a little above the county's. Winters are cold, with January the coldest month, and summers turn warm in July; precipitation through the year comes as both rain and melted snow.
Work. Residents most often work in schools, hospitals and social care, followed by shops, the building trades, and transport, warehouses and utilities. Among the largest workplaces in Elk Point are Thermo Bond Buildings, the Elk Point-Jefferson School District and Custom Truck One Source. Unemployment in the county is low, though the county has seen slightly fewer jobs than the year before, and some people work from home.
Things to do. Ponca State Park, a protected area, is a short drive away, as is Broken Kettle Creek, a small river. Farther afield, a longer drive brings you to the National Music Museum, a museum devoted to musical instruments, and to Spirit Mound Historic Prairie, a protected area of native grassland.
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- 968households
- 29%of adults have a degree
- 8%below the poverty line
- 21 mintypical commute
- 8%work from home
What residents work in
Employed residents by industry, from the Census survey. Union County had 9,566 jobs in 2025, 0.7% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 30° and lows near 10°; warmest in July, with highs near 86° and lows near 63°. About 28 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Vermillion Southeast weather station, 13 miles away (NOAA).
Largest workplaces in Elk Point
- Thermo Bond BuildingsPrefabricated wood buildings manufacturing268
- Elk Point-Jefferson School District 61-7School district93FTE
- Custom Truck One Source - Elk PointTruck trailer manufacturing79
- WEL-Life at Elk PointAssisted-living facilities with on-site nursing facilities24
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 371 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherVery high
- TornadoesVery high
- HailRelatively high
- Ice stormsRelatively high
- DroughtRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Elk Point’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Union County and the Sioux City, IA-NE-SD metro.
Elk Point home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Elk Point$290,656
- South Dakota$317,874
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Elk Point14
Zip codes with a Elk Point address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Elk Point — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.