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Affordable
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These days, finding an affordable place to live in the Hoover area can be challenging. Home prices in Hoover are now at a median cost of $199,262, lower than the South Dakota average of $268,202.
The average cost of rent is $729/mo in Hoover, primarily driven by the current value of real estate in the Hoover area. In Hoover, 18.58% of households rent, and 66.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hoover is $5,104 per month. Households that rent pay about 14.28% of their income on rent here. Hoover’s most expensive areas are in the eastern 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
- Redig, SD: equally priced homes
- Zeona, SD: less expensive homes
- Sorum, SD: less expensive homes
- Reva, SD: less expensive homes
- Harding, SD: less expensive homes
- Mud Butte, SD: higher priced homes
- Buffalo, SD: less expensive homes
- Prairie City, SD: equally priced homes
- Strool, SD: less expensive homes
- Ludlow, SD: less expensive homes
Cities with Similar Populations
- Otego, KS: less expensive homes
- Palermo, NJ: higher priced homes
- Packton, LA: less expensive homes
- Paauhau, HI: higher priced homes
- Overview, PA: higher priced homes
- Ottumwa, SD: less expensive homes
- Otto, IN: equally priced homes
- Ottawa, PA: higher priced homes
- Otisco Valley, NY: higher priced homes
- Palmetto Beach, AL: higher priced homes
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