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Affordable
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These days, finding an affordable place to live in the Chancellor area can be challenging. Home prices in Chancellor are now at a median cost of $246,624, lower than the South Dakota average of $268,202.
The average cost of rent is $863/mo in Chancellor, primarily driven by the current value of real estate in the Chancellor area. In Chancellor, 18.91% of households rent, and 44.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chancellor is $6,509 per month. Households that rent pay about 13.26% of their income on rent here. Chancellor’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Naomi, SD: higher priced homes
- Lennox, SD: equally priced homes
- Parker, SD: higher priced homes
- Tea, SD: higher priced homes
- Buffalo Ridge, SD: higher priced homes
- Davis, SD: less expensive homes
- Pumpkin Center, SD: higher priced homes
- Hurley, SD: less expensive homes
- Spring Valley, SD: less expensive homes
- Worthing, SD: equally priced homes
Cities with Similar Populations
- Mount Auburn, IA: higher priced homes
- Butte Des Morts, WI: higher priced homes
- Cammack Village, AR: higher priced homes
- Casey, IA: higher priced homes
- Clifton, SC: less expensive homes
- Kinderlou, GA: higher priced homes
- Kneeland, WI: higher priced homes
- Leonville, LA: less expensive homes
- Livingston, IL: less expensive homes
- Mehoopany, PA: equally priced homes
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