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Lake County Housing Market

South Dakota · 66 counties · Ranked #2220 in home value

Below National Avg

Housing at a Glance

Median Home Value

$231,000

vs national$231,000 vs $281,900 national

Median Gross Rent

$868/mo

vs national$868 vs $1,163 national

Effective Tax Rate

1.07%

vs national+1.07% vs 1.02% national

Median Household Income

$73,792

vs national$73,792 vs $74,755 national

Affordability Ratio

3.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

26.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,463

Tax as % of Home Value

1.07%

Monthly Owner Cost

$908

Renter Income

$46,771

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Lake County?

The median home value in Lake County is $231,000. This is below the national median of $281,900.

How much is rent in Lake County?

The median gross rent in Lake County is $868 per month.

What is the property tax rate in Lake County?

The effective property tax rate in Lake County is 1.07%. The median annual property tax bill is $2,463.

Is Lake County affordable?

With a home-value-to-income ratio of 3.1x, Lake County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.