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These days, finding an affordable place to live in the Clear Lake area can be challenging. Home prices in Clear Lake are now at a median cost of $186,227, lower than the South Dakota average of $268,202.
The average cost of rent is $652/mo in Clear Lake, primarily driven by the current value of real estate in the Clear Lake area. In Clear Lake, 22.87% of households rent, and 41.64% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Clear Lake is $7,105 per month. Households that rent pay about 9.17% of their income on rent here. Clear Lake’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Altamont, SD: higher priced homes
- Brandt, SD: higher priced homes
- Goodwin, SD: higher priced homes
- Gary, SD: higher priced homes
- Tunerville, SD: higher priced homes
- Toronto, SD: higher priced homes
- Kranzburg, SD: higher priced homes
- Castlewood, SD: higher priced homes
- Estelline, SD: higher priced homes
- Astoria, SD: higher priced homes
Cities with Similar Populations
- Big Rock, IL: higher priced homes
- Blossom, TX: higher priced homes
- Masontown, WV: equally priced homes
- Richfield Center, MI: higher priced homes
- Rapid River, MI: equally priced homes
- Parkers Prairie, MN: higher priced homes
- Parkers Corners, MI: higher priced homes
- Paradise, UT: higher priced homes
- Parachute, CO: higher priced homes
- North Anson, ME: less expensive homes
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