Brookings Metro Area, SD Housing

The housing market in Brookings, SD Metro Area is strong and growing. The median home value for the area is $257,700, which is significantly lower than the national average of $338,100. However, what makes Brookings so attractive to potential home buyers is the rate of appreciation. In just one year, homes in Brookings have increased by 14.45%, much higher than the United States' average of 8.27%. It's clear that people are investing in real estate in the area because they see it as a profitable opportunity to make money over time.

The median home cost in Brookings Metro Area is $257,700. Home appreciation the last 10 years has been 94.3%. Home Appreciation in Brookings Metro Area is up 18.1%.

Average Age of Homes

- The median age of Brookings Metro Area real estate is 39 years old

The Rental Market in Brookings Metro Area

- Renters make up 37.4% of the Brookings Metro Area population
- 2.5% of houses and apartments in Brookings Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Brookings, South Dakota	United States
	14,696.0	139,647,020.0
	39	42
	$257,700	$338,100
	18.1%	16.6%
	54.8%	57.0%
	94.3%	101.1%
	$12.48	$10.98
	$2,508	$2,690
	53.7%	57.4%
	10.0%	11.2%
	36.4%	31.4%
Vacant Housing
	2.5%	1.9%
	1.5%	0.4%
	0.1%	0.7%
	0.1%	0.4%
	2.0%	3.6%
	3.7%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	3.2%	2.4%
	3.4%	2.8%
	4.7%	3.9%
	3.9%	4.5%
	12.2%	11.3%
	19.4%	13.0%
	30.7%	20.1%
	11.7%	13.6%
	3.9%	8.3%
	3.0%	9.7%
	0.8%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	16.8%	13.6%
	16.8%	13.6%
	12.2%	13.6%
	9.8%	13.2%
	15.5%	14.8%
	12.2%	13.6%
	6.8%	10.0%
	3.3%	4.7%
	13.9%	12.2%

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