57730, Custer, SD

Home equity is the difference between the market value of a home and what a homeowner owes on their mortgage. In Custer, SD, the average home equity was $136,000 in 2016. This means that homeowners in Custer had more than enough money left over after they paid their mortgages and other debts on their homes.

The average home price in Custer was $128,000 in 2016. This means that homeowners in Custer have seen their home values increase by an average of 5% over the past year. However, this increase is not uniform across all neighborhoods in Custer. Some neighborhoods have seen prices rise more than 10%, while others have only seen modest increases of 2-3%.

There are several factors that could be contributing to this variability in home prices across neighborhoods in Custer. Some may be due to location – some areas may be closer to downtown or other desirable amenities, which has led to higher prices. Other factors that could contribute include recent development activity (new construction or updates to existing homes), interest rates, and availability of inventory (the number of homes for sale).