The housing market in Parmelee, SD is a lucrative one with a median value of $44,000, significantly lower than the US median of $338,100. The 1 year appreciation rate for housing in Parmelee has been 14.45%, more than double the national appreciation rate of 8.27%. This makes it an ideal location to invest in property as you can get greater returns compared to other areas across the country.
The median home cost in Parmelee is $44,000. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Parmelee is up 17.2%.
Average Age of Homes
- The median age of Parmelee real estate is 42 years old
The Rental Market in Parmelee
- Renters make up 75.1% of the Parmelee population
- 7.0% of houses and apartments in Parmelee, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.