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These days, finding an affordable place to live in the Summerset area can be challenging. Home prices in Summerset are now at a median cost of $323,578, higher than the South Dakota average of $268,202.
The average cost of rent is $1,139/mo in Summerset, primarily driven by the current value of real estate in the Summerset area. In Summerset, 11.17% of households rent, and 43.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Summerset is $7,601 per month. Households that rent pay about 14.99% of their income on rent here. Summerset’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
- Black Hawk, SD: less expensive homes
- Piedmont, SD: equally priced homes
- Bethlehem, SD: higher priced homes
- Sulphur, SD: equally priced homes
- Johnson Siding, SD: higher priced homes
- Nemo, SD: higher priced homes
- Rapid City, SD: equally priced homes
- Tilford, SD: equally priced homes
- Ashland Heights, SD: less expensive homes
- Silver City, SD: less expensive homes
Cities with Similar Populations
- Horse Cave, KY: less expensive homes
- Wilton, NH: higher priced homes
- Weatogue, CT: higher priced homes
- Warden, WA: less expensive homes
- Twain Harte, CA: higher priced homes
- Three Forks, MT: higher priced homes
- Sparta, MO: less expensive homes
- Somerville, OH: less expensive homes
- Roebling, NJ: less expensive homes
- Holloman AFB, NM: less expensive homes
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