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 $368,712, higher than the Sioux Falls average of $327,024.

The average cost of rent is $966/mo in Silver Valley Addition, primarily driven by the current value of real estate in the Silver Valley Addition area. In Silver Valley Addition, 11.60% of households rent, and 40.37% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Silver Valley Addition is $10,720 per month. Households that rent pay about 9.01% of their income on rent here. Silver Valley Addition’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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