Beresford, SD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Beresford, 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

Beresford Housing Market Information

With a population of 1,976, 884 total housing units (homes and apartments), and a median house value of $152,326, 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 77.99% of the city's housing units. Other types of housing that are prevalent in Beresford include large apartment complexes or high rise apartments ( 13.31%), duplexes, homes converted to apartments or other small apartment buildings ( 5.35%), and a few mobile homes or trailers ( 2.62%).

Dwellings in Beresford tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 53.04% 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 33.23% of the city's housing hails from this era. Other housing ages represented in Beresford include homes built between 1970-1999 ( 28.41%) and housing constructed before 1939 ( 23.38%). There's also some housing in Beresford built between 2000 and later ( 14.99%).

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 32.51% over the last ten years, which is an average annual home appreciation rate of 2.85%, 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.

Over the last year, Beresford appreciation rates have trailed the rest of the nation. In the last twelve months, Beresford's appreciation rate has been 2.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beresford were at 1.65%, which equates to an annual appreciation rate of 6.76%.

Relative to South Dakota, our data show that Beresford's latest annual appreciation rate is lower than 90% of the other cities and towns in South Dakota.

Average Home Values

 

Median Home Value:
$152,326

Beresford, SD HOME PRICES

Value Range
> $1,166,000 4.3
$874,001 - $1,166,000 0.1
$583,001 - $874,000 1.1
$466,001 - $583,000 1.2
$350,001 - $466,000 6.3
$233,001 - $350,000 10.5
$117,001 - $233,000 42.3
$58,001 - $117,000 22.7
$0 - $58,000 11.4

High for SD
Average for Nation

Value Relative to Nation Value Relative to State
49.0155865463495 31.6666666666667

Number Of Homes And Apartments:
884

Beresford 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
64.99% 2.95% 3 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$633 / per month

Homeownership Rate

Homeownership
Owners 74.43
Renters 25.57
Vacant 7.34

Housing Market Details

 

Age of Homes

AGE OF Beresford HOMES
2000 or Newer 15.0
1970 - 1999 28.4
1940 - 1969 33.2
1939 or Older 23.4

Types of Homes

TYPE OF Beresford HOMES
Single-Family 78.0
Townhomes 0.7
Small Apt. Buildings 5.3
Apt. Complexes 13.3
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Beresford HOMES
No Bedroom 6.08
1 Bedroom 14.05
2 Bedrooms 32.91
3 Bedrooms 30.29
4 Bedrooms 14.26
5 or more bedrooms 2.41

Popular Neighborhoods in Beresford

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Zip Codes in Beresford, SD