Rent to own Homes in Pierre, SD

Pierre, the county seat of Hughes County and the capital city of South Dakota, was named after Pierre Chouteau, Jr., an influential 19th century fur trader and business owner. More than 13,000 people live in Pierre, which overlooks the Missouri River. The city offers abundant recreational opportunities, an historic downtown area and a selection of properties that range from quaint old homes to large lots with wide open spaces.

Pierre, SD is a great place for affordable rent-to-own homes! With a median household income of over $68,263 and a median rent of $732, the Pierre, SD rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Pierre, SD. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Pierre, SD rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 2 of 2
Hot
407 W PROSPECT AVE
Rent To Own
 
Single Family Home
Pierre, SD 57501
2
1
864 ft2
1910
308 S JEFFERSON AVE
REO Foreclosure
 
Single Family Home
Pierre, SD 57501
2
1
1064 ft2
1951
Map
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Buying a Home in Pierre, SD

Pierre, SD is seeing rapid growth and Pierre, SD's' housing market remains optimal with an average home price that is -17% below the 2024 national average. Pierre, SD is part of Hughes county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Hughes is 1.28% which is above the national average, which is 0.99%.

Median Home Price in Pierre, SD

Median Rent in Pierre, SD

Rent to own homes offer low monthly payments and flexible terms.

Top 7 Reasons to Live in Pierre, SD

Year-round swimming! The Aquatic Center at the Oahe Family YMCA offers lap swimming and deep water aerobics, H2O Pilates and aquacise classes in its indoor pool. During the warmer months, visit the Pierre Municipal Outdoor Pool.

Local parks! Sunbathe on the beach at Griffin Park or bring your mitt and play nine innings at the baseball field. You'll also find tennis courts, picnic shelters, an outdoor pool and horseshoe courts at the park. Disc golf enthusiasts will enjoy the 18-hole disc golf course at Steamboat Park.

Historic sites bring the past to life! Although you'll find many historic buildings in Pierre, the best known property is the South Dakota State Capitol building. The Neoclassical architecture features a central rotunda, copper dome and stately columns. After your visit to the capitol, stop by the Blackburn House, one of the oldest homes in the city.

Reasonable rental prices! The median rental price in Pierre is $680, lower than the statewide average of $755. If you're looking for a rental home, check out the Tower Apartments or Arbordale Apartments.

Recreational opportunities! The Hillsview Golf Courses offers scenic holes and season passes for those interested. If skating or biking is your passion, pay a visit to the Pierre Skate Park in Griffin Park. BMX riders, in-line skaters and skateboarders will enjoy taking a spin on the ramps.

A variety of shopping choices! Pierre Mall is the home to a variety of familiar retailers, including JC Penney, Claire's and Kmart. If you're in the market for a pair of shoes or a purse or belt, visit Tibb's Leather Works. Finish your shopping excursion with a pound of fudge at Karcher Confections.

Good home values! With an average listing price of $174,000 and a median home value 17% higher than the South Dakota average, buying a home in Pierre is a sound investment. If you want to buy a home or are considering a rent to own property, visit Grey Goose Road or the Pierre Residential Historic District.