A typical Clear Lake home is worth roughly $163,000
Builders were permitted 2 new homes in 2025.
What kind of housing town is Clear Lake?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.9 years of income
Less than across South Dakota (4.3 years). Try your own numbers below.
That covers a typical Clear Lake home, with $156K to spare.
A two-bedroom rents for about $930 a month here, $80 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Clear Lake’s typical property tax (1.17% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $930
Renters already here pay a median of $663, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Deuel County, SD): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
2 new homes permitted in 2025
Builders were permitted 2 new homes in Clear Lake in 2025, all single-family houses. That's 1.5 per 1,000 residents, slower than across South Dakota (6.6). Over the past 10 years, Clear Lake has permitted 13 homes in all.
Between the 2010 and 2020 censuses, Clear Lake's population fell by 55 even though 7 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across South Dakota: 1.6 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 2 | 2 | 0 | $677,000 |
| 2024 | 2 | 2 | 0 | $677,000 |
| 2023 | 2 | 2 | 0 | $677,000 |
| 2022 | 1 | 1 | 0 | $432,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 1 | 1 | 0 | $175,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 1 | 1 | 0 | $300,000 |
| 2017 | 2 | 2 | 0 | $585,000 |
| 2016 | 2 | 2 | 0 | $394,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 1 | 1 | 0 | $300,000 |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $300,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 2 | 2 | 0 | $330,000 |
| 2006 | 3 | 3 | 0 | $640,000 |
| 2005 | 4 | 4 | 0 | $700,000 |
| 2004 | 1 | 1 | 0 | $66,000 |
| 2003 | 2 | 2 | 0 | $195,000 |
| 2002 | 2 | 2 | 0 | $255,000 |
| 2001 | 1 | 1 | 0 | $112,000 |
| 2000 | 11 | 11 | 0 | $875,000 |
Clear Lake's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
73% of Clear Lake households own their home
Half of Clear Lake’s homes were built before 1974.
South Dakota: 69% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Neighbors talk housing
What Clear Lake buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.