
Home Price Key
These days, finding an affordable place to live in the Lake City area can be challenging. Home prices in Lake City are now at a median cost of $142,892, lower than the South Dakota average of $199,518.
The average cost of rent is $633/mo in Lake City, primarily driven by the current value of real estate in the Lake City area. While nearly 62.63% of residents own their homes outright in Lake City, 20.65% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake City is $5,471 per month. Households that rent pay about 11.57% of their income on rent here. Lake City's most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Eden, SD: higher priced homes
- Veblen, SD: higher priced homes
- Roslyn, SD: less expensive homes
- Marlow, SD: higher priced homes
- Spain, SD: less expensive homes
- Britton, SD: equally priced homes
- Kidder, SD: less expensive homes
- Grenville, SD: higher priced homes
- Claire City, SD: less expensive homes
- Sisseton, SD: less expensive homes
Cities with Similar Populations
- Maple Hill, MN: higher priced homes
- Locust Ridge, OH: higher priced homes
- London, CA: higher priced homes
- London, IN: higher priced homes
- Long Lake, WI: less expensive homes
- Makinen, MN: higher priced homes
- Malmo, NE: higher priced homes
- Manalapan, FL: higher priced homes
- Mansfield, TN: less expensive homes
- Aberdeen, KY: less expensive homes
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