Milbank, SD Housing

Milbank, SD is known for its affordable housing market. The median value of homes in this area is $168,700, which is significantly lower than the US house median value of $338,100. Over the past year, the house appreciation rate in Milbank has been 14.45%, higher than the US average of 8.27%. This makes Milbank a great place to invest in housing and take advantage of potential returns on investment.

The median home cost in Milbank is $168,700. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Milbank is up 17.2%.

Average Age of Homes

- The median age of Milbank real estate is 54 years old

The Rental Market in Milbank

- Renters make up 24.0% of the Milbank population
- 0.0% of houses and apartments in Milbank, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Milbank, South Dakota	United States
	1,574.0	139,647,020.0
	49	42
	$168,700	$338,100
	17.2%	16.6%
	51.6%	57.0%
	81.4%	101.1%
	$11.82	$10.98
	$1,609	$2,690
	70.1%	57.4%
	11.2%	11.2%
	18.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	10.5%	4.1%
Value of Owner-Occupied Housing
	4.3%	2.6%
	2.6%	2.4%
	2.4%	2.8%
	10.3%	3.9%
	13.8%	4.5%
	29.2%	11.3%
	22.7%	13.0%
	8.5%	20.1%
	6.3%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.4%	13.6%
	3.4%	13.6%
	7.4%	13.6%
	13.7%	13.2%
	23.7%	14.8%
	7.4%	13.6%
	16.1%	10.0%
	0.6%	4.7%
	15.1%	12.2%