The housing market in Platte, SD is thriving, with the median value at $167,200. This is considerably lower than the US House Median Value of $338,100 and yet still shows an impressive 1-year house appreciation of 14.45%. This rate is significantly higher than the national average of 8.27%, making it a great investment opportunity for potential buyers in the area. With increasing property values and low costs compared to other areas of the country, Platte, SD is an attractive choice for those looking to purchase a home.
The median home cost in Platte is $167,200. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Platte is up 17.2%.
Average Age of Homes
- The median age of Platte real estate is 66 years old
The Rental Market in Platte
- Renters make up 23.7% of the Platte population
- 3.5% of houses and apartments in Platte, 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.