Aberdeen, SD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Aberdeen, SD Real Estate Data


Aberdeen Housing Market Information

With 28,102 people, 11,363 houses or apartments, and a median cost of homes of $149,487, 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 60.44% of the city's housing units. Other types of housing that are prevalent in Aberdeen include large apartment complexes or high rise apartments ( 21.19%), duplexes, homes converted to apartments or other small apartment buildings ( 9.50%), and a few mobile homes or trailers ( 5.59%).

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 60.19% owning and 39.81% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Aberdeen's housing was primarily built during this period, from the '40s through the '60s. A full 32.62% of the city's housing hails from this era. Other housing ages represented in Aberdeen include homes built between 1970-1999 ( 32.41%) and housing constructed before 1939 ( 23.42%). There's also some housing in Aberdeen built between 2000 and later ( 11.54%).

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 23.65% over the last ten years, which is an average annual home appreciation rate of 2.15%, 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.

Over the last year, Aberdeen appreciation rates have trailed the rest of the nation. In the last twelve months, Aberdeen's appreciation rate has been 3.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Aberdeen were at 0.39%, which equates to an annual appreciation rate of 1.55%.

Notably, Aberdeen's appreciation rate in the latest quarter is one of the lowest in America.

Relative to South Dakota, our data show that Aberdeen's latest annual appreciation rate is lower than 90% 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:
$149,487

Aberdeen, SD HOME PRICES

Value Range
> $1,105,000 0.2
$829,001 - $1,105,000 0.0
$552,001 - $829,000 1.4
$442,001 - $552,000 1.6
$331,001 - $442,000 6.2
$221,001 - $331,000 11.5
$110,001 - $221,000 46.4
$55,001 - $110,000 20.8
$0 - $55,000 11.7

High for SD
Average for Nation

Value Relative to Nation Value Relative to State
51.0335539029103 29.2682926829268

Number Of Homes And Apartments:
11,363

Rent & Ownership

 

Average Market Rent:
$785 / per month

Homeownership Rate

Homeownership
Owners 60.19
Renters 39.81
Vacant 7.07

Housing Market Details

 

Age of Homes

AGE OF Aberdeen HOMES
2000 or Newer 11.5
1970 - 1999 32.4
1940 - 1969 32.6
1939 or Older 23.4

Types of Homes

TYPE OF Aberdeen HOMES
Single-Family 60.4
Townhomes 3.3
Small Apt. Buildings 9.5
Apt. Complexes 21.2
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF Aberdeen HOMES
No Bedroom 1.27
1 Bedroom 15.30
2 Bedrooms 27.41
3 Bedrooms 30.92
4 Bedrooms 18.15
5 or more bedrooms 6.94

Aberdeen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SD*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
68.75% 3.13% 4 8
* 10 is highest