The housing market in Reliance, SD is doing quite well, as the median value of homes there is currently $105,000. This is significantly lower than the US median value of $338,100. However, this also means that house appreciation rates are much higher in Reliance than the US average of 8.27%, with 1 year appreciation sitting at 14.45%. This indicates that for those looking to invest in property or relocate to the area, now is a great time to do so before prices increase any further.
The median home cost in Reliance is $105,000. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Reliance is up 17.2%.
Average Age of Homes
- The median age of Reliance real estate is 50 years old
The Rental Market in Reliance
- Renters make up 6.5% of the Reliance population
- 0.0% of houses and apartments in Reliance, 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.