A typical Lake home is worth roughly $340,000
What kind of housing town is Lake?
Read from the numbers below. The page puts what stands out first.
92% of Lake households own their home
Half of Lake’s homes were built before 1983.
South Dakota: 69% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
What it takes to buy in Lake
Try your own numbers below.
That’s $54K short of a typical Lake home.
A two-bedroom rents for about $1,120 a month here, $960 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the South Dakota typical property tax (1.06% 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 $1,120
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Grant County, SD): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
On the market in Lake
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What 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. 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.