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These days, finding an affordable place to live in the Owattonna area can be challenging. Home prices in Owattonna are now at a median cost of $144,998, lower than the South Dakota average of $268,202.
The average cost of rent is $959/mo in Owattonna, primarily driven by the current value of real estate in the Owattonna area. In Owattonna, 19.13% of households rent, and 74.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Owattonna is $6,454 per month. Households that rent pay about 14.86% of their income on rent here. Owattonna’s most expensive areas are in the southwestern 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.
Nearby Cities
- Gettysburg, SD: less expensive homes
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- Agar, SD: higher priced homes
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- Cattron, SD: higher priced homes
- Forest City, SD: less expensive homes
- Onida, SD: higher priced homes
- Spring Lake, SD: higher priced homes
Cities with Similar Populations
- Ragland, KY: higher priced homes
- Pauline, ID: higher priced homes
- Paulton, IL: higher priced homes
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- Pennwyn, PA: higher priced homes
- Pentecost, MS: less expensive homes
- Perintown, OH: higher priced homes
- Proctor, TX: higher priced homes
- Pruden, TN: less expensive homes
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