Home Price Key
Affordable
Average
Expensive
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 $317,835, higher than the South Dakota average of $199,518.
The average cost of rent is $905/mo in Hermosa, primarily driven by the current value of real estate in the Hermosa area. While nearly 43.59% of residents own their homes outright in Hermosa, 5.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Hermosa is $5,101 per month. Households that rent pay about 17.73% of their income on rent here. Hermosa's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Hayward, SD: equally priced homes
- Keystone, SD: equally priced homes
- Fairburn, SD: equally priced homes
- Farmingdale, SD: less expensive homes
- Rapid City, SD: less expensive homes
- Rapid Valley, SD: less expensive homes
- Caputa, SD: less expensive homes
- Sulphur, SD: less expensive homes
- Johnson Siding, SD: less expensive 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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