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Affordable
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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 $141,786, lower than the South Dakota average of $268,202.
The average cost of rent is $640/mo in Spring Valley Colony, primarily driven by the current value of real estate in the Spring Valley Colony area. In Spring Valley Colony, 27.32% of households rent, and 81.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spring Valley Colony is $5,195 per month. Households that rent pay about 12.33% of their income on rent here. Spring Valley Colony’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gann Valley, SD: less expensive homes
- Lyonville, SD: higher priced homes
- Shelby, SD: equally priced homes
- Wessington Springs, SD: equally priced homes
- Pukwana, SD: higher priced homes
- Wessington, SD: higher priced homes
- Fort Thompson, SD: less expensive homes
- Kimball, SD: higher priced homes
- Miller Dale Colony, SD: less expensive homes
- Lane, SD: higher priced homes
Cities with Similar Populations
- Neafus, KY: less expensive homes
- Monrovia, KS: higher priced homes
- Montague, MT: higher priced homes
- Monterey, WI: higher priced homes
- Monticello, LA: less expensive homes
- Moodyville, TN: equally priced homes
- Moon, OK: less expensive homes
- Moray, KS: higher priced homes
- Moriah, AL: less expensive homes
- Morrison Heights, NY: higher priced homes
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