10 Most Expensive Places to Live in South Dakota in 2024
More and more it seems like the dream of home ownership is moving out of reach for a lot of people. New studies are coming out indicating that renting is still cheaper than trying to own a home.
According to a new report from Stacker (a news and lifestyle website), high mortgage rates are also keeping people in homes they might otherwise move out of in order to up or down-size or even take a different job.
Home values are determined by location, size, age, and condition and of course, some cities are significantly more expensive than others to own a home.
Stacker gathered up information from Zillow and put together the list of the most expensive homes in South Dakota. These cities are also listed with the metro area they are closest to.
Here are the Top 10 cities with the most expensive homes in South Dakota:
- Keystone - Typical home value - $579,718 - Metro area/Rapid City
- Henry - Typical home value - $549, 797 - Metro area/Watertown
- Castlewood - Typical home value - $491,505 - Metro area/Watertown
- Hermosa - Typical home value - $481,744 - Metro area/Rapid City
- Wentworth - Typical home value - $459,633 -Not associated with a metro area
- Hill City - Typical home value - $457,720 - Metro area/Rapid City
- Custer - Typical home value - $433,624 - Metro area/Rapid City
- Spearfish - Typical home value - $429,544 - Metro area/Spearfish
- Goodwin - Typical home value - $426,538 -Metro area/Watertown
- Chancellor - Typical home value - $418,347 - Metro area/Sioux Falls
These home values were from the Zillow Home Values Index as of March 2024. Check out the rest of this interesting report at Stacker.
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Sources: Stacker and Marketwatch
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