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These days, finding an affordable place to live in the New Elm Springs Colony area can be challenging. Home prices in New Elm Springs Colony are now at a median cost of $253,860, lower than the South Dakota average of $268,202.
The average cost of rent is $763/mo in New Elm Springs Colony, primarily driven by the current value of real estate in the New Elm Springs Colony area. In New Elm Springs Colony, 18.65% of households rent, and 54.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Elm Springs Colony is $7,669 per month. Households that rent pay about 9.95% of their income on rent here. New Elm Springs Colony’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Milltown, SD: higher priced homes
- Rockport Colony, SD: less expensive homes
- Emery, SD: less expensive homes
- Dimock, SD: higher priced homes
- Alexandria, SD: less expensive homes
- Ethan, SD: equally priced homes
- Tschetter Colony, SD: higher priced homes
- Parkston, SD: less expensive homes
- Kaylor, SD: higher priced homes
- Bridgewater, SD: less expensive homes
Cities with Similar Populations
- Comanche Creek, CO: higher priced homes
- Clay, PA: higher priced homes
- Clements, MN: less expensive homes
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- Cloutierville, LA: less expensive homes
- Cochiti Lake, NM: less expensive homes
- Colby, OH: less expensive homes
- Colfax, ND: higher priced homes
- Colmar, KY: less expensive homes
- Colp, IL: less expensive homes
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