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These days, finding an affordable place to live in the Rutland area can be challenging. Home prices in Rutland are now at a median cost of $395,213, higher than the South Dakota average of $268,202.
The average cost of rent is $1,397/mo in Rutland, primarily driven by the current value of real estate in the Rutland area. In Rutland, 6.47% of households rent, and 43.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rutland is $7,813 per month. Households that rent pay about 17.89% of their income on rent here. Rutland’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Nunda, SD: less expensive homes
- Colman, SD: less expensive homes
- Wentworth, SD: higher priced homes
- Lone Tree, SD: less expensive homes
- Madison, SD: less expensive homes
- Sunnyview, SD: less expensive homes
- Brant Lake, SD: less expensive homes
- Sinai, SD: less expensive homes
- Ward, SD: less expensive homes
- Volga, SD: less expensive homes
Cities with Similar Populations
- Tallman, MI: less expensive homes
- Foley, SD: less expensive homes
- Follett, TX: less expensive homes
- Folsomville, IN: less expensive homes
- Fordyce, NE: less expensive homes
- Fort Monmouth, NJ: higher priced homes
- Fouke, TX: less expensive homes
- Four Holes, SC: less expensive homes
- Friendship, GA: less expensive homes
- Fryeburg Center, ME: less expensive homes
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