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Affordable
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These days, finding an affordable place to live in the Hermosa area can be challenging. Home prices in Hermosa are now at a median cost of $416,470, higher than the South Dakota average of $268,202.
The average cost of rent is $1,301/mo in Hermosa, primarily driven by the current value of real estate in the Hermosa area. In Hermosa, 7.86% of households rent, and 44.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hermosa is $7,297 per month. Households that rent pay about 17.82% of their income on rent here. Hermosa’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
- Hayward, SD: equally priced homes
- Keystone, SD: equally priced homes
- Fairburn, SD: equally priced homes
- Farmingdale, SD: equally priced homes
- Rapid City, SD: less expensive homes
- Rapid Valley, SD: less expensive homes
- Caputa, SD: equally priced homes
- Sulphur, SD: less expensive homes
- Johnson Siding, SD: higher priced homes
- Ashland Heights, SD: less expensive homes
Cities with Similar Populations
- Leonard, OK: less expensive homes
- Russells Point, OH: less expensive homes
- Rock Creek, MN: less expensive homes
- Overbrook, KS: less expensive homes
- Mount Ayr, IA: less expensive homes
- Milltown, IN: less expensive homes
- Middleberg, OK: less expensive homes
- Mathiston, MS: less expensive homes
- Maroa, IL: less expensive homes
- Saxton, PA: less expensive homes
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