Pierre is the state capital, located on the Missouri River in central South Dakota. Housing values: one source shows homes at ~$272,000 in area. The city has government and administrative presence, reflecting urban government functions, but the surrounding area is largely rural. Housing stock includes government-era homes, neighborhoods near downtown, and some suburban expansions. For new builds, given the lower density and more land available, you might see costs of $200-300 k for moderate builds (lot size permitting). Because the city is smaller and more remote, growth is slower than the big metros.