The Most Affordable Neighborhoods in Cottonwood, SD by Home Value

 

Cottonwood, SD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cottonwood area can be challenging. Home prices in Cottonwood are now at a median cost of $131,595, lower than the South Dakota average of $199,518.

The average cost of rent is $750/mo in Cottonwood, primarily driven by the current value of real estate in the Cottonwood area. While nearly 87.06% of residents own their homes outright in Cottonwood, 16.73% rent.

Housing affordability isn’t just about home prices, though. The average household income in Cottonwood is $4,023 per month. Households that rent pay about 18.65% of their income on rent here. Cottonwood's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.


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