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The First-Time Homebuyer's Guide to Aberdeen


Seeking a great place to live in Aberdeen? If you're a first-time homebuyer, South Dakota Housing Development Authority (SDHDA) can help you finance your first home in South Dakota's third-largest city. The SDHDA First-Time Homebuyer program is a great place to begin.

Take a look at our tips for getting started with the program. 

Participating Lenders

The first step in seeking a first-time homebuyer loan is finding a participating lender. Aberdeen has no shortage of potential lenders in the community, including the following options:


Aberdeen Federal Credit Union


Cornerstone Bank


CorTrust Bank


Dacotah Bank


Great Western Bank


Plains Commerce Bank


U.S. Bank Home Mortgage


Wells Fargo Home Mortgage


Agent Options

Do you have a real estate agent in mind? The right agent can give you a great entry point into your market and what home prices and options you can expect. Plus, everyone practicing realty in South Dakota must have a Department of Labor and Regulation license. Aberdeen offers options—confirm whether your real estate agent of choice is properly licensed. Click here to search the real estate agent database.

Neighborhood Choices

No matter your requirements, there's likely a great first home to fit your needs in the Aberdeen community. Your decisions will depend greatly on what you value most—from proximity to schools to number of bedrooms to style of home. Choosing a neighborhood can be a big part of this decision-making process. Which Aberdeen area is the one that best fits your needs? Check out these potential neighborhood options:

  • Northwestern Region
    • Median Home Price: $194,422
    • Area Schools: Presentation College
    • Area Amenities: Storybook Land, Lee Park Golf Course, Thunder Road Go-Karts & Mini-Golf
  • Northeastern Region
    • Median Home Price: $201,827
    • Area Schools: Holgate Middle, CC Lee Elementary, Aberdeen Catholic
    • Area Amenities: Moccasin Creek Country Club, Anderson Park, Players Softball Complex
  • Southwestern Region
    • Median Home Price: $145,382
    • Area Schools: Lincoln Elementary, Simmons Elementary & Middle
    • Area Amenities: Frontier Park, U.S. Post Office
  • Southeastern Region
    • Median Home Price: $158,013
    • Area Schools: Central High
    • Area Amenities: Aberdeen Regional Airport, Moccasin Creek Softball & Soccer Complex, Aberdeen Mall
  • City Center
    • Median Home Price: $117,334
    • Area Schools: Northern State University, South Dakota School for the Blind and Visually Impaired
    • Area Amenities: Avera St. Luke's Hospital, Melgaard Park, Aberdeen Aquatic Center


Your Aberdeen home search is about to get started—we hope these tips will help you take your first step in your homebuyer journey here in South DakotaClick below for even more information on the first-time homebuyer process!

E-Book Download A South Dakotan's Guide to Buying Your First Home Vol. 1

Topics: Homeownership

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