The housing market in Philip, SD is thriving with a median value of $129,800. This is significantly lower than the US median of $338,100. However, the one year house appreciation rate in Philip, SD is 14.45%, which is higher than the US rate of 8.27%. This means that the value of homes in Philip are increasing rapidly and could be a great investment opportunity for buyers looking to enter the market.
The median home cost in Philip is $129,800. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Philip is up 17.2%.
Average Age of Homes
- The median age of Philip real estate is 50 years old
The Rental Market in Philip
- Renters make up 15.4% of the Philip population
- 4.7% of houses and apartments in Philip, 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.