Housing in 57747 Hot Springs, SD is very attractive to buyers as the median value of homes is $258,100, which is significantly lower than the US median value of $338,100. This makes it much more affordable for potential buyers. Additionally, the 1-year house appreciation rate in Hot Springs is 15.62%, which is higher than 8.27%, the national average house appreciation rate. This shows that investing in this area can be beneficial and helps drive up property values over time. With these advantages taken into consideration, buying a home in Hot Springs could be a wise decision for individuals or families looking for an affordable and appreciating housing market.
The median home cost in Hot Springs (zip 57747) is $258,100. Home appreciation the last 10 years has been 100.3%. Home Appreciation in Hot Springs (zip 57747) is up 18.1%.
Average Age of Homes
- The median age of Hot Springs (zip 57747) real estate is 43 years old
The Rental Market in Hot Springs (zip 57747)
- Renters make up 26.4% of the Hot Springs (zip 57747) population
- 0.0% of houses and apartments in Hot Springs (zip 57747), 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.