Lake Preston, SD housing market
The typical Lake Preston home is worth about $261,000, up 5.5% in a year, 19% below the South Dakota typical home.
Home values, sales, trends and how Lake Preston compares with the towns next door — updated as new data is published.
Lake Preston at a glance
Typical home value, 2017–2026
Show as a table
| January | Lake Preston | South Dakota |
|---|---|---|
| 2018 | $151,000 | $195,000 |
| 2019 | $158,000 | $203,000 |
| 2020 | $164,000 | $215,000 |
| 2021 | $169,000 | $235,000 |
| 2022 | $198,000 | $272,000 |
| 2023 | $213,000 | $297,000 |
| 2024 | $237,000 | $301,000 |
| 2025 | $239,000 | $312,000 |
| 2026 | $266,000 | $319,000 |
| August 2026 | $261,000 | $322,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Lake Preston in 2025. Over the past 10 years, Lake Preston has permitted 30 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lake Preston's population fell by 10 even though 10 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.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 3 | 3 | 0 | $962,000 |
| 2025 | 1 | 1 | 0 | $321,000 |
| 2024 | 1 | 1 | 0 | $321,000 |
| 2023 | 1 | 1 | 0 | $250,000 |
| 2022 | 8 | 1 | 7 | $819,000 |
| 2021 | 9 | 1 | 8 | $900,000 |
| 2020 | 1 | 1 | 0 | $122,000 |
| 2019 | 1 | 1 | 0 | $122,000 |
| 2018 | 1 | 1 | 0 | $122,000 |
| 2017 | 4 | 4 | 0 | $653,000 |
| 2016 | 3 | 3 | 0 | $490,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 1 | 1 | 0 | $28,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Lake Preston'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, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $930
HUD's Fair Market Rent for a two-bedroom in Lake Preston is $930 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lake Preston pay a median of $615, so moving in tends to cost more than staying put.
Studio $640 · 4 bedrooms $1,440
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (57249; Kingsbury County, SD), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. 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.