The housing market in Red Iron Lake, SD is thriving with a median value of $262,500 that is significantly lower than the US house median value of $338,100. In the past year, the appreciation rate for houses in Red Iron Lake has been 14.45%, which is higher than the US average of 8.27%. This indicates that there are great investment opportunities in Red Iron Lake for potential buyers looking to get into a good market.
The median home cost in Red Iron Lake is $262,500. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Red Iron Lake is up 17.2%.
Average Age of Homes
- The median age of Red Iron Lake real estate is 38 years old
The Rental Market in Red Iron Lake
- Renters make up 28.8% of the Red Iron Lake population
- 0.0% of houses and apartments in Red Iron Lake, 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.