According to statistics, the population in Elk Point, SD amounts to 2,231, which shows growth 5% compared to the previous year. The median age of the city’s residents is 39. The average household income is $54,531, shifting growth 7% from the past year, and the average property value in Elk Point, SD growth 4% to $135,900 throughout the year.
|Number Of Employees||1,059|
|Median Property Value||$135,900|
The average household income in Elk Point, SD grew from $51,010 to $54,531 in the past year. This data is an estimate based upon 882 households in Elk Point, SD . The chart below presents how household income is distributed in Elk Point, SD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Elk Point, SD shifted from $131,000 to $135,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Elk Point, SD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Elk Point, SD properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Elk Point, SD compared to median property taxes around the country. The prevalent amount of property taxes in Elk Point, SD equals $2500, which is less than the national average.
During Oct 2022, the average price for an apartment in/near Elk Point, SD increased by 14.5% to $207,250.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $100,000. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $442,400. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $391,000 for a big-family home.
Price reports demonstrate that house price decreased by 23.5% this month making it up to $283,000. The price statistics of lofts have not significantly changed, it now still goes for $499,000.