The Most Affordable Neighborhoods in Long Valley, SD by Home Value

These days, finding an affordable place to live in the Long Valley area can be challenging. Home prices in Long Valley are now at a median cost of $116,200, lower than the South Dakota average of $268,202.

The average cost of rent is $406/mo in Long Valley, primarily driven by the current value of real estate in the Long Valley area. In Long Valley, 21.62% of households rent, and 46.55% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Long Valley is $4,697 per month. Households that rent pay about 8.64% of their income on rent here. Long Valley’s most expensive areas are in the central 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.

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