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These days, finding an affordable place to live in the Sorum area can be challenging. Home prices in Sorum are now at a median cost of $143,901, lower than the South Dakota average of $268,202.
The average cost of rent is $739/mo in Sorum, primarily driven by the current value of real estate in the Sorum area. In Sorum, 20.29% of households rent, and 73.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sorum is $6,924 per month. Households that rent pay about 10.68% of their income on rent here. Sorum’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Reva, SD: higher priced homes
- Zeona, SD: equally priced homes
- Prairie City, SD: higher priced homes
- Strool, SD: higher priced homes
- Hoover, SD: higher priced homes
- Ralph, SD: higher priced homes
- Redig, SD: higher priced homes
- Chance, SD: less expensive homes
- Bixby, SD: less expensive homes
- Bison, SD: less expensive homes
Cities with Similar Populations
- Akin, IL: equally priced homes
- Akron, SD: higher priced homes
- Badger Lee, OK: less expensive homes
- Altus Afb, OK: less expensive homes
- Ames, NY: higher priced homes
- Andalusia, FL: higher priced homes
- Ava, OH: higher priced homes
- Atchison, KY: higher priced homes
- Atlanta, ID: higher priced homes
- Auvergne, AR: less expensive homes
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