The housing market in 57622 Cherry Creek, SD is quite robust with a median value of $115,200. This is significantly lower than the US house median value of $338,100, yet there has been a greater appreciation rate in this area over the past year. Specifically, the US house appreciation rate was 8.27% while the appreciation rate in 57622 Cherry Creek, SD was 14.45%. This suggests that this area may be an attractive option for those seeking to purchase real estate as it has enjoyed higher growth rates than many other parts of the country.
The median home cost in Cherry Creek (zip 57622) is $115,200. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Cherry Creek (zip 57622) is up 17.2%.
Average Age of Homes
- The median age of Cherry Creek (zip 57622) real estate is 32 years old
The Rental Market in Cherry Creek (zip 57622)
- Renters make up 48.2% of the Cherry Creek (zip 57622) population
- 5.7% of houses and apartments in Cherry Creek (zip 57622), 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.