2026 Affordability Data
Most Affordable Neighborhoods in Mitchell - 2026 Data
The median home value in Mitchell is $168,400, 40% below nat'l avg. Median rent is $792/month. With an affordability index of 314, Mitchell is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Mitchell, SD area.
Key Takeaways: Affordability in Mitchell
- 1The most affordable neighborhood in Mitchell is Vermillion, with a median home value of $192,400.
- 2Mitchell's median home value is $168,400, 40% below nat'l avg (national: $281,900).
- 3Mitchell's affordability index is 314 (baseline 100), making it more affordable than the national average.
- 4Median rent in Mitchell is $792/month, 32% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Mitchell to find the most affordable areas based on home values, rent, and affordability index.
Mitchell Affordability Overview
Median Home Value
$168,400
40% below nat'l avg
Median Rent
$792/mo
32% below nat'l avg
Median Income
$51,763
31% below nat'l avg
Affordability Index
314
214% above nat'l avg
Most Affordable Neighborhoods in Mitchell (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | VermillionSD | $192,400 |
| 2 | PierreSD | $216,700 |
| 3 | SpearfishSD | $271,400 |
| 4 | HuronSD | $133,600 |
| 5 | WatertownSD | $198,100 |
| 6 | Box ElderSD | $264,600 |
| 7 | AberdeenSD | $192,200 |
| 8 | BrookingsSD | $222,100 |
| 9 | YanktonSD | $191,400 |
| 10 | BrandonSD | $304,700 |
| 11 | RapidSD | $240,000 |
| 12 | Sioux FallsSD | $250,000 |
| 13 | TeaSD | $268,500 |
| 14 | Dell RapidsSD | $256,900 |
| 15 | Fort PierreSD | $166,900 |
Detailed Neighborhood Profiles
Home Value: $192,400
Rent: $792/mo
Affordability: 314
Population: 11,667
Home Value: $216,700
Rent: $792/mo
Affordability: 314
Population: 14,105
Home Value: $271,400
Rent: $792/mo
Affordability: 314
Population: 12,268
4
Home Value: $133,600
Rent: $792/mo
Affordability: 314
Population: 14,179
5
Home Value: $198,100
Rent: $792/mo
Affordability: 314
Population: 22,718
6
Home Value: $264,600
Rent: $792/mo
Affordability: 314
Population: 11,905
7
Home Value: $192,200
Rent: $792/mo
Affordability: 314
Population: 28,388
8
Home Value: $222,100
Rent: $792/mo
Affordability: 314
Population: 23,530
9
Home Value: $191,400
Rent: $792/mo
Affordability: 314
Population: 15,421
10
Home Value: $304,700
Rent: $792/mo
Affordability: 314
Population: 10,919
11
Home Value: $240,000
Rent: $797/mo
Affordability: 63
Population: 74,703
Walk Score: 83/100
12
Home Value: $250,000
Rent: $739/mo
Affordability: 47
Population: 192,517
Walk Score: 89/100
13
Home Value: $268,500
Rent: $1,131/mo
Population: 5,922
14
Home Value: $256,900
Rent: $915/mo
Population: 3,953
15
Home Value: $166,900
Rent: $917/mo
Population: 2,522
Frequently Asked Questions About Affordability in Mitchell
What is the most affordable neighborhood in Mitchell, SD?▾
Based on 2026 data, Vermillion is the most affordable neighborhood in Mitchell with a median home value of $192,400. Kurby analyzed 15 neighborhoods in the Mitchell area to compile these rankings.
What is the median home price in Mitchell, SD?▾
The median home price in Mitchell is $168,400, which is 40% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Mitchell affordable compared to the national average?▾
Mitchell has an affordability index of 314, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Mitchell, SD?▾
The median monthly rent in Mitchell is $792. This is 32% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Mitchell?▾
The median household income in Mitchell is $51,763 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Mitchell are below the national average home price?▾
14 out of 15 ranked neighborhoods in Mitchell have a median home value below the national average of $281,900. The most affordable is Vermillion at $192,400 (Source: Kurby, 2026).