The housing market in Lemmon, SD is thriving. The median house value in the city has increased by a whopping 14.45% over the past year, which is significantly higher than the 8.27% national average appreciation rate of US housing prices. Median values currently stand at $97,900, which is much lower than the national median value of $338,100. This makes Lemmon an attractive option for homebuyers on a budget looking to get into the housing market.
The median home cost in Lemmon is $97,900. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Lemmon is up 17.2%.
Average Age of Homes
- The median age of Lemmon real estate is 59 years old
The Rental Market in Lemmon
- Renters make up 29.7% of the Lemmon population
- 0.0% of houses and apartments in Lemmon, 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.