Median price for residential apartments in Brookings, SD as of Nov, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
78 Brookings, SD 57006, USA apartments for sale
Brookings
According to statistics, the population in Brookings, SD amounts to 23,471, which shows decline 1% compared to the previous year. The median age of the city’s residents is 24. The average household income is $47,506, shifting decline 1% from the past year, and the average property value in Brookings, SD growth 3% to $169,400 throughout the year.
| Population | 23,471 |
| Median Age | 24.1 |
| Poverty Rate | 20% |
| Household Income | $47,506 |
| Number Of Employees | 13,581 |
| Median Property Value | $169,400 |
Household Income
The average household income in Brookings, SD grew from $47,060 to $47,506 in the past year. This data is an estimate based upon 8,635 households in Brookings, SD . The chart below presents how household income is distributed in Brookings, SD in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Brookings, SD shifted from $164,500 to $169,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Brookings, SD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Brookings, SD properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Brookings, SD compared to median property taxes around the country. The prevalent amount of property taxes in Brookings, SD equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Brookings, SD 57006, USA
Average apartment sale in Brookings: $139,400 (-9.4%)
| Apartment Size | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $78,174 | -5% |
| 2-bed apartments | $238,980 | -24.8% |
| 3-bed apartments | $317,300 | -3.5% |
| 4+ bed apartments | $305,392 | -7.7% |
During Nov 2022, the average price for an apartment in/near Brookings, SD decreased by 9.4% to $139,400.
Asking price for 2-bed apartment also decreased by 24.8% and a place of this size will now cost you $238,980. A 3-bed apartment goes for $317,300, it decreased by 3.5% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 7.7% and made it down to $305,392.
| Listing Type | Nov | vs Last Month |
|---|---|---|
| Houses for sale | $300,305 | -8.8% |
| Condos for sale | $242,800 | N/A |
| Apartments for sale | $74,900 | -11.9% |
| Land for sale | $78,235 | -4.9% |
The average cost of an apartment in Brookings, SD decreased by 11.9% to $74,900. Price reports demonstrate that house price decreased by 8.8% this month making it up to $300,305. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $242,800.