The Most Affordable Neighborhoods in Loomis, SD by Home Value

 

Loomis, SD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Loomis area can be challenging. Home prices in Loomis are now at a median cost of $239,134, higher than the South Dakota average of $199,518.

The average cost of rent is $643/mo in Loomis, primarily driven by the current value of real estate in the Loomis area. While nearly 60.11% of residents own their homes outright in Loomis, 17.05% rent.

Housing affordability isn’t just about home prices, though. The average household income in Loomis is $7,240 per month. Households that rent pay about 8.88% of their income on rent here. Loomis's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.


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