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These days, finding an affordable place to live in the Milbank area can be challenging. Home prices in Milbank are now at a median cost of $185,027, lower than the South Dakota average of $268,202.
The average cost of rent is $747/mo in Milbank, primarily driven by the current value of real estate in the Milbank area. In Milbank, 28.65% of households rent, and 51.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Milbank is $5,732 per month. Households that rent pay about 13.03% of their income on rent here. Milbank’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Twin Brooks, SD: higher priced homes
- Labolt, SD: less expensive homes
- Big Stone City, SD: higher priced homes
- Corona, SD: higher priced homes
- Shady Beach, SD: higher priced homes
- Stockholm, SD: less expensive homes
- Ortonville, MN: equally priced homes
- Rosen, MN: less expensive homes
- Hartford Beach, SD: higher priced homes
- Revillo, SD: less expensive homes
Cities with Similar Populations
- Godley, TX: higher priced homes
- South Barrington, IL: higher priced homes
- Goodview, VA: higher priced homes
- Goodland, KS: less expensive homes
- Goliad, TX: higher priced homes
- South Bay, FL: less expensive homes
- Golden Triangle, NJ: higher priced homes
- Gold Hill, OR: higher priced homes
- Gold Beach, OR: higher priced homes
- Gold Bar, WA: higher priced homes
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