Aberdeen, ID High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Aberdeen, Idaho Market population: 27K. Explore income-producing properties with verified cap rates and operating...
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Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
π Avg Property Tax Rate For Aberdeen SD Properties: 1.5500%
π Average Income For Aberdeen SD Commercial Property: $47,963
Investor Questions For Aberdeen SD
Common questions from investors exploring commercial real estate in Aberdeen SD.
What is the overall investment potential of Aberdeen, SD, considering its demographic and economic factors?
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Aberdeen, SD, with a population of 26,506 and a median age of 35.3, presents a stable investment market, given its median household income of $47,963 and a relatively high poverty rate of 12.8%, which is somewhat mitigated by a high health insurance coverage rate of 91.7% and a low average commute time of 11.2 minutes, indicating a reliable workforce and good quality of life.
How does the ethnic diversity and industry mix in Aberdeen impact real estate investment?
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The city's ethnic diversity, led by White (46.1%) and White Non-Hispanic (45.2%) populations, alongside a significant Native American (2.3%) presence, contributes to a culturally rich environment, while its top industries, including Finance & Insurance, Real Estate & Rental & Leasing, and Public Administration, suggest a stable economic base, which can support demand for housing and rentals, especially considering the median property value of $134,000 and median property taxes of $7,208.
What are the implications of Aberdeen's commute times and health insurance rates for real estate investors?
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The average commute time of 11.2 minutes, with top commute methods being driving alone, carpooling, and working from home, indicates a convenient and flexible transportation situation, which, combined with a high health insurance coverage rate of 91.7%, suggests a population with good access to employment and healthcare, making it an attractive market for investors looking for stable tenants and potentially lower vacancy rates.
How does the poverty rate and employment population affect the rental market in Aberdeen?
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Despite a poverty rate of 12.8%, the employed population of 14,335 and the presence of stable industries like Finance & Insurance and Public Administration suggest a workforce that can support a rental market, especially with a median gross rent of $714, which, although it represents a 28.4% rent burden, indicates a viable income stream for investors, considering the overall economic and demographic context.
What role do homeownership rates and property values play in assessing Aberdeen's real estate investment potential?
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Aberdeen's homeownership rate of 59.7% and median property value of $134,000, coupled with a median property tax of $7,208, suggest a balanced market where both ownership and rental opportunities can thrive, particularly in a city with a relatively low poverty rate and high health insurance coverage, indicating a level of economic stability that can support long-term real estate investments.
Aberdeen SD Real Estate & City Facts
Key facts and real estate information about Aberdeen SD.
What are some of the best neighborhoods to live in Aberdeen?
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Some of the best neighborhoods to live in Aberdeen include the central parts of the city, which tend to have more desirable and expensive homes. However, more affordable options can be found in the east regions. Neighborhoods like the ones near Wylie Park and the Richmond Lake Recreation Area are also popular for their proximity to outdoor recreational activities.
What are some fun things to do in Aberdeen?
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Aberdeen has a variety of fun activities to enjoy, including visiting the Storybook Land and Land of Oz, exploring the Dacotah Prairie Museum, and spending time outdoors at Wylie Park or the Richmond Lake Recreation Area. The city also hosts several events throughout the year, such as the SD Snow Queen Festival and the Yelduz Shrine Circus.
What is the food scene like in Aberdeen?
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Aberdeen's food scene offers a range of options, from moderately-priced restaurants like Mavericks Steak & Cocktails and Roma Ristorante Italiano, to unique eateries like Big Fella's Bar And Grill and Krave. There are also plenty of great food trucks and local favorites like the Cornerstone Cafe and Zoo Bar.
What are the pros and cons of living in Aberdeen?
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The pros of living in Aberdeen include its affordable cost of living, open spaces, and relaxed pace of life. The city also has a range of amenities, including golf courses, parks, and trails. However, some cons include the poverty rate and the expensive cost of living in certain areas. Additionally, the city can be cold, especially during the winter months.
Is Aberdeen a good place to live?
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Aberdeen can be a good place to live, depending on your individual preferences and priorities. The city offers a unique blend of small-town charm and outdoor recreational opportunities, making it an attractive option for families and outdoor enthusiasts. However, it's essential to weigh the pros and cons and consider factors like the cost of living, job opportunities, and access to amenities before making a decision.
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