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Affordable
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These days, finding an affordable place to live in the Hecla area can be challenging. Home prices in Hecla are now at a median cost of $78,931, lower than the South Dakota average of $268,202.
The average cost of rent is $950/mo in Hecla, primarily driven by the current value of real estate in the Hecla area. In Hecla, 27.56% of households rent, and 89.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hecla is $5,986 per month. Households that rent pay about 15.86% of their income on rent here. Hecla’s most expensive areas are in the northwestern 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
- Houghton, SD: higher priced homes
- Ludden, ND: higher priced homes
- Guelph, ND: higher priced homes
- Amherst, SD: higher priced homes
- Claremont, SD: higher priced homes
- Straubville, ND: higher priced homes
- Newark, SD: higher priced homes
- Frederick, SD: higher priced homes
- Huffton, SD: higher priced homes
- Barnard, SD: higher priced homes
Cities with Similar Populations
- Red Lane, WY: higher priced homes
- Morton, IN: higher priced homes
- Mosheim, TX: higher priced homes
- Mount Etna, IN: higher priced homes
- Mount Holly, AR: less expensive homes
- Mount Landing, VA: higher priced homes
- Mount Pelia, TN: higher priced homes
- Mount Rozell, AL: higher priced homes
- Mount Sterling, IN: higher priced homes
- Portage, UT: higher priced homes
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