The Most Affordable Neighborhoods in New Effington, SD by Home Value

These days, finding an affordable place to live in the New Effington area can be challenging. Home prices in New Effington are now at a median cost of $79,072, lower than the South Dakota average of $268,202.

The average cost of rent is $575/mo in New Effington, primarily driven by the current value of real estate in the New Effington area. In New Effington, 15.72% of households rent, and 75.03% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in New Effington is $5,935 per month. Households that rent pay about 9.68% of their income on rent here. New Effington’s most expensive areas are in the southeastern 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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