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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,036 people, 455 houses or apartments, and a median cost of homes of $366,817, Piedmont real estate is some of the most expensive in South Dakota, although Piedmont home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Piedmont, accounting for 81.45% of the city's housing units. Other types of housing that are prevalent in Piedmont include mobile homes or trailers ( 13.86%), row houses and other attached homes ( 2.99%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Piedmont. Owner-occupied housing accounts for 82.42% of Piedmont's homes, and 59.91% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Piedmont built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Piedmont built before 1939 ( 11.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.81%). There's also some housing in Piedmont built between 1940-1969 ( 6.61%).
Appreciation rates for homes in Piedmont have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 110.69%, which ranks in the top 30% nationwide. This equates to an annual average Piedmont house appreciation rate of 7.74%.
Appreciation rates are so strong in Piedmont that despite a nationwide downturn in the housing market, Piedmont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Piedmont appreciation rates continue to be some of the highest in America, at 8.81%, which is higher than appreciation rates in 79.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Piedmont. Piedmont appreciation rates in the latest quarter were at -1.04%, which equates to an annual appreciation rate of -4.10%.
Notably, Piedmont's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Dakota, our data show that Piedmont's latest annual appreciation rate is lower than 60% of the other cities and towns in South Dakota.
$366,817
for South dakota
for nation
455
$1,925 / per month