Aberdeen, SD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Aberdeen Neighborhoods Since 2000




Aberdeen, SD Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Aberdeen Housing Market Information

With 28,102 people, 11,642 houses or apartments, and a median cost of homes of $153,538, Aberdeen real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Aberdeen, accounting for 60.63% of the city's housing units. Other types of housing that are prevalent in Aberdeen include large apartment complexes or high rise apartments ( 22.28%), duplexes, homes converted to apartments or other small apartment buildings ( 8.96%), and a few mobile homes or trailers ( 5.15%).

The most prevalent building size and type in Aberdeen are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.66% owning and 41.34% renting.

There is a lot of housing in Aberdeen built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Aberdeen built between 1940-1969 ( 31.17%). A lesser amount of the housing stock also hails from before 1939 ( 22.94%). There's also some housing in Aberdeen built between 2000 and later ( 12.12%).

Aberdeen Home Appreciation Rates

In the last 10 years, Aberdeen has experienced some of the highest home appreciation rates of any community in the nation. Aberdeen real estate appreciated 23.47% over the last ten years, which is an average annual home appreciation rate of 2.13%, putting Aberdeen in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Aberdeen definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Aberdeen's appreciation rate, at 4.09%, has been at or slightly above the national average. In the latest quarter, Aberdeen's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to South Dakota, our data show that Aberdeen's latest annual appreciation rate is lower than 60% of the other cities and towns in South Dakota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Aberdeen differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Aberdeen - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Aberdeen real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$153,538

Aberdeen, SD HOME PRICES

Value Range
> $1,108,000 0.2
$831,001 - $1,108,000 0.0
$554,001 - $831,000 1.4
$443,001 - $554,000 2.5
$333,001 - $443,000 6.4
$222,001 - $333,000 13.1
$111,001 - $222,000 46.3
$56,001 - $111,000 20.2
$0 - $56,000 9.8

High for SD
Average for Nation

Value Relative to Nation Value Relative to State
48.5409586311965 29.1666666666667

Number Of Homes And Apartments:
11,642

Aberdeen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
73.02% 3.23% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$861 / per month

Homeownership Rate

Homeownership
Owners 58.66
Renters 41.34
Vacant 6.78

Housing Market Details

 

Age of Homes

AGE OF Aberdeen HOMES
2000 or Newer 12.1
1970 - 1999 33.8
1940 - 1969 31.2
1939 or Older 22.9

Types of Homes

TYPE OF Aberdeen HOMES
Single-Family 60.6
Townhomes 3.0
Small Apt. Buildings 9.0
Apt. Complexes 22.3
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Aberdeen HOMES
No Bedroom 1.52
1 Bedroom 15.40
2 Bedrooms 29.69
3 Bedrooms 30.23
4 Bedrooms 17.14
5 or more bedrooms 6.02