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These days, finding an affordable place to live in the Amherst area can be challenging. Home prices in Amherst are now at a median cost of $152,287, lower than the South Dakota average of $268,202.
The average cost of rent is $802/mo in Amherst, primarily driven by the current value of real estate in the Amherst area. In Amherst, 19.92% of households rent, and 75.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Amherst is $6,251 per month. Households that rent pay about 12.83% of their income on rent here. Amherst’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Claremont, SD: less expensive homes
- Britton, SD: higher priced homes
- Spain, SD: equally priced homes
- Langford, SD: equally priced homes
- Newark, SD: equally priced homes
- Huffton, SD: less expensive homes
- Kidder, SD: equally priced homes
- Hecla, SD: less expensive homes
- Houghton, SD: less expensive homes
- Putney, SD: less expensive homes
Cities with Similar Populations
- Adak, AK: less expensive homes
- Ruby, VA: higher priced homes
- Paisley, OR: higher priced homes
- Vanderpool, VA: higher priced homes
- Vesta, VA: equally priced homes
- Roby, MO: equally priced homes
- Victoria, WV: equally priced homes
- Campbell, NE: less expensive homes
- River Ranch, FL: higher priced homes
- Princeton, MI: higher priced homes
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