The Most Affordable Neighborhoods in Redfield, SD by Home Value

These days, finding an affordable place to live in the Redfield area can be challenging. Home prices in Redfield are now at a median cost of $121,097, lower than the South Dakota average of $268,202.

The average cost of rent is $792/mo in Redfield, primarily driven by the current value of real estate in the Redfield area. In Redfield, 38.61% of households rent, and 59.87% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Redfield is $5,588 per month. Households that rent pay about 14.17% of their income on rent here. Redfield’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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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