The Most Affordable Neighborhoods in Silver Valley Addition, Sioux Falls, SD by Home Value

 

Silver Valley Addition, Sioux Falls, SD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Silver Valley Addition area can be challenging. Home prices in Silver Valley Addition are now at a median cost of $273,576, higher than the Sioux Falls average of $247,127.

The average cost of rent is $912/mo in Silver Valley Addition, primarily driven by the current value of real estate in the Silver Valley Addition area. While nearly 35.93% of residents own their homes outright in Silver Valley Addition, 14.01% rent.

Housing affordability isn’t just about home prices, though. The average household income in Silver Valley Addition is $8,443 per month. Households that rent pay about 10.80% of their income on rent here. Silver Valley Addition's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the neighborhood.


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