Beresford, SD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Beresford, SD Real Estate Data


Beresford Housing Market Information

With 1,976 people, 976 houses or apartments, and a median cost of homes of $160,863, Beresford 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 Beresford, accounting for 79.93% of the city's housing units. Other types of housing that are prevalent in Beresford include large apartment complexes or high rise apartments ( 11.86%), mobile homes or trailers ( 3.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.92%).

Dwellings in Beresford tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.42% of the homes in Beresford have two or fewer bedrooms.

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. Beresford's housing was primarily built during this period, from the '40s through the '60s. A full 30.44% of the city's housing hails from this era. Other housing ages represented in Beresford include homes built before 1939 ( 29.60%) and housing constructed between 1970-1999 ( 28.29%). There's also some housing in Beresford built between 2000 and later ( 11.67%).

Beresford Home Appreciation Rates

In the last 10 years, Beresford has experienced some of the highest home appreciation rates of any community in the nation. Beresford real estate appreciated 46.00% over the last ten years, which is an average annual home appreciation rate of 3.86%, putting Beresford in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Beresford 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, Beresford's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Beresford's appreciation rate has been 1.27%, which annualizes to a rate of 5.17%.

Relative to South Dakota, our data show that Beresford's latest annual appreciation rate is higher than 50% of the other cities and towns in South Dakota.

Average Home Values

 

Median Home Value:
$160,863

Beresford, SD HOME PRICES

Value Range
> $1,253,000 3.1
$940,001 - $1,253,000 0.1
$627,001 - $940,000 1.7
$501,001 - $627,000 1.2
$376,001 - $501,000 6.2
$251,001 - $376,000 7.7
$125,001 - $251,000 43.7
$63,001 - $125,000 25.8
$0 - $63,000 10.5

High for SD
Average for Nation

Value Relative to Nation Value Relative to State
46.3898811266616 24.390243902439

Number Of Homes And Apartments:
976

Rent & Ownership

 

Average Market Rent:
$623 / per month

Homeownership Rate

Homeownership
Owners 77.94
Renters 22.06
Vacant 8.87

Housing Market Details

 

Age of Homes

AGE OF Beresford HOMES
2000 or Newer 11.7
1970 - 1999 28.3
1940 - 1969 30.4
1939 or Older 29.6

Types of Homes

TYPE OF Beresford HOMES
Single-Family 79.9
Townhomes 0.4
Small Apt. Buildings 3.9
Apt. Complexes 11.9
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Beresford HOMES
No Bedroom 4.86
1 Bedroom 13.63
2 Bedrooms 31.93
3 Bedrooms 33.15
4 Bedrooms 15.22
5 or more bedrooms 1.21

Beresford 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
81.88% 3.58% 6 9
* 10 is highest

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