The housing market in 57531 Draper, SD is strong compared to the US. The median value of a house in Draper is $130,000 which is much lower than the US median value of $338,100. In addition, houses in Draper have seen a higher 1 year appreciation rate of 14.45%, while the US average is 8.27%. This suggests that the housing market in Draper has been performing well compared to most other parts of the US over the course of last year.
The median home cost in Draper (zip 57531) is $130,000. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Draper (zip 57531) is up 17.2%.
Average Age of Homes
- The median age of Draper (zip 57531) real estate is 60 years old
The Rental Market in Draper (zip 57531)
- Renters make up 8.9% of the Draper (zip 57531) population
- 0.0% of houses and apartments in Draper (zip 57531), 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.