Sisseton, SD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sisseton, 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

Sisseton Housing Market Information

With a population of 2,450, 943 total housing units (homes and apartments), and a median house value of $87,106, house prices in Sisseton are solidly below the national average.

Single-family detached homes are the single most common housing type in Sisseton, accounting for 74.14% of the city's housing units. Other types of housing that are prevalent in Sisseton include large apartment complexes or high rise apartments ( 18.16%), mobile homes or trailers ( 4.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.69%).

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

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. Sisseton's housing was primarily built during this period, from the '40s through the '60s. A full 35.40% of the city's housing hails from this era. Other housing ages represented in Sisseton include homes built between 1970-1999 ( 31.97%) and housing constructed before 1939 ( 25.21%). There's also some housing in Sisseton built between 2000 and later ( 7.41%).

Vacant housing appears to be an issue in Sisseton. Fully 12.60% of the housing stock is classified as vacant. Left unchecked, vacant Sisseton homes and apartments can be a drag on the real estate market, holding Sisseton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Sisseton Home Appreciation Rates

In the last 10 years, Sisseton has experienced some of the highest home appreciation rates of any community in the nation. Sisseton real estate appreciated 26.17% over the last ten years, which is an average annual home appreciation rate of 2.35%, putting Sisseton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sisseton 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, Sisseton's appreciation rate, at 4.29%, has been at or slightly above the national average. In the latest quarter, Sisseton's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

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

Average Home Values

 

Median Home Value:
$87,106

Sisseton, SD HOME PRICES

Value Range
> $1,117,000 0.0
$838,001 - $1,117,000 0.0
$559,001 - $838,000 1.1
$447,001 - $559,000 0.0
$335,001 - $447,000 0.0
$223,001 - $335,000 4.8
$112,001 - $223,000 22.9
$56,001 - $112,000 45.3
$0 - $56,000 26.0

Low for SD
Very Low for Nation

Value Relative to Nation Value Relative to State
86.0775811555139 71.6666666666667

Number Of Homes And Apartments:
943

Sisseton 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
75.24% 3.31% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$755 / per month

Homeownership Rate

Homeownership
Owners 49.13
Renters 50.87
Vacant 12.60

Housing Market Details

 

Age of Homes

AGE OF Sisseton HOMES
2000 or Newer 7.4
1970 - 1999 32.0
1940 - 1969 35.4
1939 or Older 25.2

Types of Homes

TYPE OF Sisseton HOMES
Single-Family 74.1
Townhomes 0.8
Small Apt. Buildings 2.7
Apt. Complexes 18.2
Mobile Homes 4.2
Other 0.0

Home Size

SIZE OF Sisseton HOMES
No Bedroom 1.95
1 Bedroom 15.85
2 Bedrooms 31.42
3 Bedrooms 31.79
4 Bedrooms 14.46
5 or more bedrooms 4.54

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Zip Codes in Sisseton, SD