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These days, finding an affordable place to live in the Rumford area can be challenging. Home prices in Rumford are now at a median cost of $111,843, lower than the South Dakota average of $268,202.
The average cost of rent is $971/mo in Rumford, primarily driven by the current value of real estate in the Rumford area. In Rumford, 22.27% of households rent, and 70.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rumford is $5,900 per month. Households that rent pay about 16.46% of their income on rent here. Rumford’s most expensive areas are in the eastern 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.
Nearby Cities
- Provo, SD: higher priced homes
- Igloo, SD: equally priced homes
- Edgemont, SD: higher priced homes
- Hot Springs, SD: higher priced homes
- Dudley, SD: higher priced homes
- Smithwick, SD: higher priced homes
- Minnekahta, SD: higher priced homes
- Oelrichs, SD: equally priced homes
- Slim Butte, SD: equally priced homes
- Oral, SD: equally priced homes
Cities with Similar Populations
- Madding, AR: less expensive homes
- Loomer, SD: less expensive homes
- Loretta, KS: less expensive homes
- Los Pachecos, NM: higher priced homes
- Louellen, KY: less expensive homes
- Lower Gillmore, KY: less expensive homes
- Lower Oswegatchie, NY: less expensive homes
- Lucas, SD: equally priced homes
- Lucky, PA: higher priced homes
- Ludlow, CA: higher priced homes
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