The housing market in Chamberlain, SD is thriving. The median value of homes in the city is $159,100, which is significantly lower than the US median value of $338,100. However, it has seen an impressive growth rate of 14.45% over the last year, surpassing the national 1 year appreciation rate of 8.27%. This suggests that Chamberlain is a great place to invest in real estate and offers potential homeowners an excellent opportunity to build their wealth.
The median home cost in Chamberlain is $159,100. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Chamberlain is up 17.2%.
Average Age of Homes
- The median age of Chamberlain real estate is 51 years old
The Rental Market in Chamberlain
- Renters make up 37.9% of the Chamberlain population
- 6.3% of houses and apartments in Chamberlain, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.