Affordable
Expensive
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These days, finding an affordable place to live in the Lake County area can be challenging. Home prices in Lake County are now at a median cost of $253,100, lower than the South Dakota average of $268,202.
The average cost of rent is $945/mo in Lake County, primarily driven by the current value of real estate in the Lake County area. In Lake County, 26.17% of households rent, and 46.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake County is $6,648 per month. Households that rent pay about 14.21% of their income on rent here. Lake County’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Moody County, SD: equally priced homes
- Miner County, SD: less expensive homes
- Pipestone County, MN: less expensive homes
- Sanborn County, SD: less expensive homes
- Murray County, MN: less expensive homes
- Jerauld County, SD: less expensive homes
- Cottonwood County, MN: less expensive homes
- Buffalo County, SD: less expensive homes
- Watonwan County, MN: less expensive homes
- Lyman County, SD: less expensive homes
Counties with Similar Populations
- Liberty County, FL: less expensive homes
- Phillips County, MT: less expensive homes
- Phillips County, KS: less expensive homes
- Phillips County, CO: higher priced homes
- Phillips County, AR: less expensive homes
- Madison County, FL: less expensive homes
- Lincoln County, CO: equally priced homes
- Lincoln County, AR: less expensive homes
- Liberty County, MT: less expensive homes
- Piatt County, IL: less expensive homes
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