The Most Affordable Neighborhoods in Spring Valley Colony, SD by Home Value

 

Spring Valley Colony, SD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Spring Valley Colony area can be challenging. Home prices in Spring Valley Colony are now at a median cost of $115,302, lower than the South Dakota average of $199,518.

The average cost of rent is $583/mo in Spring Valley Colony, primarily driven by the current value of real estate in the Spring Valley Colony area. While nearly 85.45% of residents own their homes outright in Spring Valley Colony, 35.21% rent.

Housing affordability isn’t just about home prices, though. The average household income in Spring Valley Colony is $4,584 per month. Households that rent pay about 12.71% of their income on rent here. Spring Valley Colony's most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the city.


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