Living in Ellsworth Afb, SD
Ellsworth AFB is conveniently located near Rapid City, SD, providing easy access to a variety of amenities, outdoor activities in the Black Hills, and a supportive community for military families. The area boasts great schools, shopping, and recreational opportunities, making it an appealing destination for those stationed at the base.
Current Market Conditions in Ellsworth Afb, SD
The real estate market around Ellsworth AFB is fairly stable, with a mix of rental properties and homes for sale suited for military families and locals alike. Prices have shown moderate growth, reflecting the demand for housing in proximity to the Air Force Base. The rental market remains active, primarily due to the influx of servicemen and women stationed at the base, contributing to a healthy average vacancy rate.
As the economy in Rapid City continues to grow, fueled by tourism and local businesses, home values close to Ellsworth AFB are predicted to rise steadily. This aligns with the national trends of increasing property values in suburban areas during the post-pandemic recovery period.
Home Value Estimator For Ellsworth Afb, SD
There are currently 25 real estate properties
in Ellsworth Afb, SD,
with a median automated valuation model (AVM) price
of $430,584.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ellsworth Afb, 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 Ellsworth Afb, SD,
is $432,714.00, with the most expensive house
in Ellsworth Afb, SD, topping out
at $834,945.00 and the cheapest home
in Ellsworth Afb, SD,
clocking in at $208,616.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ellsworth Afb, SD!
Rent Prices
In Ellsworth Afb, SD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ellsworth Afb, SD, is on
a rollercoaster ride. The
average rent price in Ellsworth Afb, SD,
is $1,368.00. Indeed, when looking to rent in
Ellsworth Afb, SD, you can expect to pay as little
as $980.00 or as much
as $1,660.00,
with the average rent median estimated to
be $1,350.00. The good news is that finding
an affordable and desirable property to rent in Ellsworth Afb, 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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