Spirit Lake, SD is a great place to live in terms of housing. The median house value in Spirit Lake is $437,200 compared to the US House Median Value of $338,100 which shows that the housing value in Spirit Lake is significantly higher than the national average. Additionally, over the past year, the US House Appreciation rate was 8.27%, while in Spirit Lake it was 14.45%. This indicates that housing values continue to increase at a much quicker rate than the national average and makes Spirit Lake an attractive place for potential homeowners.
The median home cost in Spirit Lake is $437,200. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Spirit Lake is up 17.2%.
Average Age of Homes
- The median age of Spirit Lake real estate is 78 years old
The Rental Market in Spirit Lake
- Renters make up 11.1% of the Spirit Lake population
- 0.0% of houses and apartments in Spirit 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.