The Most Affordable Neighborhoods in Cherry Creek, SD by Home Value

 

Cherry Creek, SD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cherry Creek area can be challenging. Home prices in Cherry Creek are now at a median cost of $63,600, lower than the South Dakota average of $199,518.

The average cost of rent is $624/mo in Cherry Creek, primarily driven by the current value of real estate in the Cherry Creek area. While nearly 74.18% of residents own their homes outright in Cherry Creek, 50.12% rent.

Housing affordability isn’t just about home prices, though. The average household income in Cherry Creek is $2,788 per month. Households that rent pay about 22.38% of their income on rent here. Cherry Creek's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.


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