Home prices
The median home in Letcher is valued at $33,000. In comparison to the surrounding areas it is about $39,860 (54%) lower.Compared to the United States as a whole it is about $184,500 (84%) lower, and compared to the city of Mitchell is about $114,200 (77%) lower.
Rents
The median rent in Letcher is $675 a month. It is roughly $98 (16%) higher in comparison to other places in this area.Compared to the US as a whole it is roughly $387 (36%) lower, and in comparison to the city of Mitchell it is about $81 (10%) lower.
Nearby places
Woonsocket
Woonsocket is roughly 11 miles northwest of Letcher. The housing prices there are significantly more expensive. Woonsocket's median home value is $69,600, which works out to $36,600 (52%) higher than Letcher. The rent there is significantly less expensive. Woonsocket's median rent is $488 per month, which comes out to $187 (38%) lower than Letcher.
Artesian
Artesian is about 11 miles northeast from Letcher. Its real estate prices are a bit less expensive. The median home in Artesian is valued at $30,000, which is $3,000 (10%) lower than Letcher. Rent there is a little less expensive. Artesian's median rent is $544 a month, which is $131 (24%) lower than Letcher.
Mount Vernon
Mount Vernon is about 12 miles south of Letcher. The housing prices there are a lot more expensive. The median home value in Mount Vernon is $116,400, which comes out to $83,400 (71%) higher than Letcher. Its rents are pretty similar. The median monthly rent in Mount Vernon is $680, which is very similar to Letcher.
Plankinton
Plankinton is approximately 18 miles southwest from Letcher. The housing prices there are substantially more expensive. The median home in Plankinton is valued at $85,800, which works out to $52,800 (61%) higher than Letcher. Rents there are fairly similar. In Plankinton the median monthly rent is $696, which is $21 (3%) higher than Letcher.
Wessington Springs
Wessington Springs is about 21 miles northwest from Letcher. Real estate prices there are substantially more expensive. The median home cost in Wessington Springs is $62,500, which works out to $29,500 (47%) higher than Letcher. The rent there is a lot less expensive. Wessington Springs's median monthly rent is $478, which works out to $197 (41%) lower than Letcher.
