According to statistics, the population in Tea, SD amounts to 4,866, which shows growth 5% compared to the previous year. The median age of the city’s residents is 29. The average household income is $79,978, shifting growth 6% from the past year, and the average property value in Tea, SD growth 12% to $196,000 throughout the year.
|Number Of Employees||2,820|
|Median Property Value||$196,000|
The average household income in Tea, SD grew from $75,473 to $79,978 in the past year. This data is an estimate based upon 1,572 households in Tea, SD . The chart below presents how household income is distributed in Tea, SD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Tea, SD shifted from $175,200 to $196,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Tea, SD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Tea, SD properties falls in the '$150,000 to $174,999' 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 Tea, SD compared to median property taxes around the country. The prevalent amount of property taxes in Tea, SD equals $3000, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Tea, SD increased by 41.6% to $495,728.
Asking price for 2-bed apartment also decreased by 15.1% and a place of this size will now cost you $271,410. A 3-bed apartment goes for $366,000, it decreased by 12.9% lately. We discerned the rise of 4- and more bed apartment price. It increased by 7.8% and made it up to $375,509.