The housing market in Pierre, SD (57501) is booming. The median value of homes in the area is $263,600, which is significantly less than the US median value of $338,100. However, this lower median value appears to have been a boon for buyers as compared to the rest of the United States - in Pierre homes have appreciated 14.45% over the past year, while nationally houses only increased 8.27%. This means that buyers now will be able to purchase more home for their money in Pierre than they could before. It's expected that due to the rapid appreciation rate and low median values, demand for housing in Pierre should remain high for some time to come.
The median home cost in Pierre (zip 57501) is $263,600. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Pierre (zip 57501) is up 17.2%.
Average Age of Homes
- The median age of Pierre (zip 57501) real estate is 42 years old
The Rental Market in Pierre (zip 57501)
- Renters make up 33.4% of the Pierre (zip 57501) population
- 2.9% of houses and apartments in Pierre (zip 57501), 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.