Milbank, SD Foreclosures
How much do homes sell for in Milbank, SD?
The average home price is currently $231,767.
In Milbank, SD, how many homes are available?
There are currently 2 active home listings available in Milbank.
What’s the average rental cost in Milbank, SD?
The average rental price in Milbank is $1,165.
What is the most expensive home in Milbank?
The most expensive home sold in Milbank had a price of $806,113.
What is currently the cheapest priced home in Milbank, SD?
The cheapest home for sale in Milbank is priced at $22,180.
Living in Milbank, SD
Milbank, South Dakota, is a small, friendly town known for its welcoming community and scenic views. Nestled near the northeastern border of South Dakota, Milbank boasts a rich agricultural heritage and offers a blend of small-town charm and outdoor recreation opportunities. With its strong local economy and harmonious neighborhoods, Milbank is an ideal place for families and individuals looking for a peaceful yet vibrant lifestyle.
Current Market Conditions in Milbank, SD
The real estate market in Milbank is currently modest, with a good balance between buyers and sellers. Over the past few months, prices for homes have remained stable, and the variety of home styles appeals to different buyers. The demand for housing has seen a slight increase, indicating that more people are recognizing the charm of this small town.
There has been a noticeable uptick in the construction of new homes and renovations, which reflect the community's growth and development goals. With low unemployment rates and a thriving local economy based on agriculture and small businesses, the future for residential growth seems promising.
Home Value Estimator For Milbank, SD
There are currently 1,449 real estate properties
in Milbank, SD,
with a median automated valuation model (AVM) price
of $213,384.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Milbank, 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 Milbank, SD,
is $231,767.00, with the most expensive house
in Milbank, SD, topping out
at $806,113.00 and the cheapest home
in Milbank, SD,
clocking in at $22,180.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Milbank, SD!
Rent Prices
In Milbank, SD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Milbank, SD, is on
a rollercoaster ride. The
average rent price in Milbank, SD,
is $1,165.00. Indeed, when looking to rent in
Milbank, SD, you can expect to pay as little
as $680.00 or as much
as $1,840.00,
with the average rent median estimated to
be $1,180.00. The good news is that finding
an affordable and desirable property to rent in Milbank, 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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