The housing market in 57461 Mellette, SD is thriving compared to the national average. According to the data, the median value of a home in 57461 Mellette, SD is $126,200 while the median value for a house throughout the United States is $338,100 - over two times more than what it costs in Mellette. Additionally, the 1 year appreciation rate of homes in 57461 Mellette is 14.45%, which is significantly higher than the national average of 8.27%. This means that those who invest in housing in this area will likely have greater returns on their investments and experience profitability much faster.
The median home cost in Mellette (zip 57461) is $126,200. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Mellette (zip 57461) is up 17.2%.
Average Age of Homes
- The median age of Mellette (zip 57461) real estate is 60 years old
The Rental Market in Mellette (zip 57461)
- Renters make up 1.8% of the Mellette (zip 57461) population
- 0.0% of houses and apartments in Mellette (zip 57461), 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.