The Most Affordable Neighborhoods in Elm Springs, SD by Home Value

 

Elm Springs, SD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Elm Springs area can be challenging. Home prices in Elm Springs are now at a median cost of $120,300, lower than the South Dakota average of $199,518.

The average cost of rent is $524/mo in Elm Springs, primarily driven by the current value of real estate in the Elm Springs area. While nearly 72.03% of residents own their homes outright in Elm Springs, 18.62% rent.

Housing affordability isn’t just about home prices, though. The average household income in Elm Springs is $6,704 per month. Households that rent pay about 7.82% of their income on rent here. Elm Springs's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.


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