Affordable & Income-Based Housing in Milbank

Affordability in Milbank, SD

According to Census ACS 5-Year data (as of 2024), the median gross rent in Milbank is $548 per month and the median household income is $56,011 per year, with renters making up about 30% of households. These figures provide context for the income limits and rent levels you will find at the HUD-assisted and income-based properties listed here.

Safety

Violent crime data reported to the FBI by local law enforcement in Milbank is not available in our current dataset. For the most up-to-date local safety information, the South Dakota Division of Criminal Investigation and the Milbank Police Department are good starting points.

Of the 3 HUD-assisted properties in Milbank, none are located in a high-risk flood zone, according to federal flood map data.

Getting Around Milbank

According to Walk Score, the area around assisted properties in Milbank earns a Walk Score of 65 (Somewhat Walkable) and a Bike Score of 48. No Transit Score is available, which is typical for smaller South Dakota communities where a personal vehicle is often needed for most trips.

Schools

According to NCES Common Core of Data, 4 public schools serve Milbank within 1 district, including 2 elementary, 1 middle, and 1 high school. Ratings and quality vary by school, so renters should check the assigned schools for their specific address before making a decision.

Cost of Living in Milbank, SD

The median household income in Milbank is $56,011 per year, according to Census ACS 5-Year estimates. The median gross rent in the city is $548 per month, also per Census ACS 5-Year data.

Income-based housing in Milbank is designed to keep rent affordable relative to what a household earns. Rents at HUD-assisted and LIHTC properties are typically capped as a percentage of your income or the area median income, which can result in costs well below the citywide median rent.

• Median household income: $56,011/year (Census ACS 5-Year)
• Median gross rent: $548/month (Census ACS 5-Year)
• Renter households: 30% of occupied units (Census ACS 5-Year)

Environment

All 3 HUD-assisted properties in Milbank have been mapped for flood zone status, and none fall within a high-risk flood zone.