Hoffman, SD is a great place to buy a home with its median value of $107,000. This is significantly lower than the US housing median value of $338,100. In addition to the affordable housing prices in Hoffman, the 1 year house appreciation rate was 14.45%, which is well above the national average of 8.27%. All in all, this makes Hoffman an attractive option for those looking for a new home that offers both affordability and potential appreciation.
The median home cost in Hoffman is $107,000. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Hoffman is up 17.2%.
Average Age of Homes
- The median age of Hoffman real estate is 62 years old
The Rental Market in Hoffman
- Renters make up 76.9% of the Hoffman population
- 0.0% of houses and apartments in Hoffman, 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.