Brookings, SD

There is no doubt that the Brookings, SD metropolitan statistical area (MSA) is in the midst of a housing market boom. The combination of strong job growth, low interest rates, and limited new construction has resulted in rapidly rising home prices and rental rates.

The average sale price of a home in Brookings has increased by nearly 20% over the past year, while the average rent for a two-bedroom apartment has jumped by more than 10%. These trends are expected to continue in the near future as demand for housing in Brookings remains high.

Investors are taking note of the strong real estate market in Brookings and are beginning to purchase properties here as well. This is resulting in even higher prices for some homes and making it difficult for first-time buyers to enter the market.

Overall, the real estate market in Brookings is very strong and shows no signs of slowing down anytime soon. If you are thinking about buying or renting a property here, be prepared to pay top dollar.