Mellette, SD has a median housing value of $123,900 which is much lower compared to the US median housing value of $338,100. The one-year house appreciation rate for the US is 8.27%, while Mellette, SD has an even higher appreciation rate of 14.45%. This means that in general Mellette's housing market has been performing better than the national average over the past year, making it a good investment opportunity for anyone looking for real estate in the area.
The median home cost in Mellette is $123,900. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Mellette is up 17.2%.
Average Age of Homes
- The median age of Mellette real estate is 78 years old
The Rental Market in Mellette
- Renters make up 3.7% of the Mellette population
- 0.0% of houses and apartments in Mellette, 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.