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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 $113,543, lower than the South Dakota average of $268,202.
The average cost of rent is $562/mo in Cottonwood, primarily driven by the current value of real estate in the Cottonwood area. In Cottonwood, 27.84% of households rent, and 84.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cottonwood is $5,024 per month. Households that rent pay about 11.18% of their income on rent here. Cottonwood’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Philip Junction, SD: equally priced homes
- Philip, SD: higher priced homes
- Quinn, SD: higher priced homes
- Cactus Flat, SD: higher priced homes
- Interior, SD: less expensive homes
- Wall, SD: higher priced homes
- Kadoka, SD: less expensive homes
- Creighton, SD: higher priced homes
- Ottumwa, SD: higher priced homes
- Wasta, SD: higher priced homes
Cities with Similar Populations
- Fort Green, FL: less expensive homes
- Frenchglen, OR: higher priced homes
- Stampede, WA: higher priced homes
- French River, MN: higher priced homes
- Freetown, KY: less expensive homes
- Frederick, KS: less expensive homes
- Four Mile, WV: less expensive homes
- Four Mile, MS: less expensive homes
- Startown, NC: higher priced homes
- Fostoria, AL: less expensive homes
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