The housing market in 57785 Sturgis, SD has seen a remarkable increase in median value over the past year. According to the data provided, the median housing value in Sturgis is currently listed at $315,500 which is almost $23,000 less than the US house median value of $338,100. However, while the US one year house appreciation rate is 8.27%, Sturgis has experienced an even higher appreciation rate of 15.62%. This surge in home values is indicative of a strong and healthy housing market in Sturgis where property values are increasing at a steady pace and people are confident about investing in local real estate.
The median home cost in Sturgis (zip 57785) is $315,500. Home appreciation the last 10 years has been 100.3%. Home Appreciation in Sturgis (zip 57785) is up 18.1%.
Average Age of Homes
- The median age of Sturgis (zip 57785) real estate is 38 years old
The Rental Market in Sturgis (zip 57785)
- Renters make up 31.3% of the Sturgis (zip 57785) population
- 0.7% of houses and apartments in Sturgis (zip 57785), 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.