The housing market in Cottonwood Lake, SD is thriving. The median value of houses in the area is $269,700, significantly lower than the national median value of $338,100. Despite this disparity, the 1 year house appreciation rate for homes in Cottonwood Lake stands at a healthy 14.45%, much higher than the US average of 8.27%. It's clear that Cottonwood Lake is an attractive option for potential homebuyers looking to get a great deal on their dream home.
The median home cost in Cottonwood Lake is $269,700. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Cottonwood Lake is up 17.2%.
Average Age of Homes
- The median age of Cottonwood Lake real estate is 78 years old
The Rental Market in Cottonwood Lake
- Renters make up 21.1% of the Cottonwood Lake population
- 0.0% of houses and apartments in Cottonwood Lake, 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.