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Affordable
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These days, finding an affordable place to live in the Lake Norden area can be challenging. Home prices in Lake Norden are now at a median cost of $160,585, lower than the South Dakota average of $268,202.
The average cost of rent is $922/mo in Lake Norden, primarily driven by the current value of real estate in the Lake Norden area. In Lake Norden, 28.17% of households rent, and 47.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Norden is $7,008 per month. Households that rent pay about 13.16% of their income on rent here. Lake Norden’s most expensive areas are in the eastern 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
- Hayti, SD: higher priced homes
- Lake Poinsett, SD: higher priced homes
- Badger, SD: higher priced homes
- Stone Bridge, SD: higher priced homes
- Arlington Beach, SD: higher priced homes
- Kones Corner, SD: higher priced homes
- Hetland, SD: equally priced homes
- Thomas, SD: higher priced homes
- Bryant, SD: higher priced homes
- Castlewood, SD: higher priced homes
Cities with Similar Populations
- Snowflake, WV: higher priced homes
- Granville Center, MA: higher priced homes
- Gravestown, MS: less expensive homes
- Greeley Hill, CA: higher priced homes
- Green Camp, OH: higher priced homes
- Green City, MO: less expensive homes
- Hasty, MN: higher priced homes
- Hertel, WI: higher priced homes
- Shawnee Hills, OH: higher priced homes
- Smilax, KY: less expensive homes
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