Living in Davis, SD
Davis, SD is a small, welcoming town that embodies the charm of rural living. Located in southeastern South Dakota, it's known for its strong community connections and peaceful surroundings. Residents can enjoy local amenities while having easy access to larger cities like Sioux Falls.
Current Market Conditions in Davis, SD
The real estate market in Davis, SD has seen moderate growth in recent months, with a steady increase in demand for both single-family homes and farmland. The appeal of rural living and the ongoing trend of remote work are driving interest in the area, particularly among younger families and retirees seeking a tranquil lifestyle away from bigger cities.
As of now, home values are appreciating at a consistent rate, largely due to low inventory levels and the desirability of land for agriculture and residential purposes. Seasonal fluctuations in pricing are expected, but the overall direction is positive.
Home Value Estimator For Davis, SD
There are currently 112 real estate properties
in Davis, SD,
with a median automated valuation model (AVM) price
of $357,316.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Davis, SD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Davis, SD,
is $383,655.00, with the most expensive house
in Davis, SD, topping out
at $1,396,129.00 and the cheapest home
in Davis, SD,
clocking in at $23,008.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Davis, SD!
Rent Prices
In Davis, SD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Davis, SD, is on
a rollercoaster ride. The
average rent price in Davis, SD,
is $1,145.00. Indeed, when looking to rent in
Davis, SD, you can expect to pay as little
as $680.00 or as much
as $1,900.00,
with the average rent median estimated to
be $1,150.00. The good news is that finding
an affordable and desirable property to rent in Davis, SD
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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