Redfield, SD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Redfield Neighborhoods Since 2000




Redfield, 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

Redfield Housing Market Information

With 2,379 people, 1,157 houses or apartments, and a median cost of homes of $80,362, house prices in Redfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Redfield, accounting for 69.89% of the city's housing units. Other types of housing that are prevalent in Redfield include large apartment complexes or high rise apartments ( 17.68%), duplexes, homes converted to apartments or other small apartment buildings ( 8.18%), and a few mobile homes or trailers ( 4.09%).

People in Redfield primarily live in small (one, two or no bedroom) single-family detached homes. Redfield has a mixture of owner-occupied and renter-occupied housing.

The housing in Redfield was primarily built before 1939 ( 37.15%), making the housing stock in Redfield some of the oldest overall in America, although there is a range of ages of homes in Redfield. The next most important housing age is between 1970-1999 ( 35.27%), followed by between 1940-1969 ( 23.16%). There's also some housing in Redfield built between 2000 and later ( 4.42%).

Redfield Home Appreciation Rates

In the last 10 years, Redfield has experienced some of the highest home appreciation rates of any community in the nation. Redfield real estate appreciated 20.81% over the last ten years, which is an average annual home appreciation rate of 1.91%, putting Redfield in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Redfield 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, Redfield's appreciation rate, at 4.01%, has been at or slightly above the national average. In the latest quarter, Redfield's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$80,362

Redfield, SD HOME PRICES

Value Range
> $1,113,000 0.0
$835,001 - $1,113,000 0.0
$557,001 - $835,000 0.0
$445,001 - $557,000 1.5
$334,001 - $445,000 1.1
$223,001 - $334,000 3.4
$111,001 - $223,000 21.7
$56,001 - $111,000 41.3
$0 - $56,000 31.0

Low for SD
Very Low for Nation

Value Relative to Nation Value Relative to State
90.2671979374194 80.0

Number Of Homes And Apartments:
1,157

Redfield 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
81.29% 3.51% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$681 / per month

Homeownership Rate

Homeownership
Owners 60.07
Renters 39.93
Vacant 5.32

Housing Market Details

 

Age of Homes

AGE OF Redfield HOMES
2000 or Newer 4.4
1970 - 1999 35.3
1940 - 1969 23.2
1939 or Older 37.2

Types of Homes

TYPE OF Redfield HOMES
Single-Family 69.9
Townhomes 0.2
Small Apt. Buildings 8.2
Apt. Complexes 17.7
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Redfield HOMES
No Bedroom 2.21
1 Bedroom 13.18
2 Bedrooms 34.78
3 Bedrooms 31.42
4 Bedrooms 13.42
5 or more bedrooms 4.99

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Zip Codes in Redfield, SD