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These days, finding an affordable place to live in the Lake Poinsett area can be challenging. Home prices in Lake Poinsett are now at a median cost of $186,654, lower than the South Dakota average of $268,202.
The average cost of rent is $807/mo in Lake Poinsett, primarily driven by the current value of real estate in the Lake Poinsett area. In Lake Poinsett, 15.80% of households rent, and 43.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Poinsett is $7,033 per month. Households that rent pay about 11.48% of their income on rent here. Lake Poinsett’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Stone Bridge, SD: equally priced homes
- Arlington Beach, SD: higher priced homes
- Lake Norden, SD: less expensive homes
- Estelline, SD: higher priced homes
- Badger, SD: equally priced homes
- Hayti, SD: equally priced homes
- Kones Corner, SD: higher priced homes
- Castlewood, SD: higher priced homes
- Bruce, SD: higher priced homes
- Hetland, SD: less expensive homes
Cities with Similar Populations
- Keene Valley, NY: higher priced homes
- Simpsons, VA: higher priced homes
- Simpson, IL: equally priced homes
- Silerton, TN: less expensive homes
- Lake Huntington, NY: higher priced homes
- King, TX: higher priced homes
- Kincheon, AL: less expensive homes
- Kildare, TX: less expensive homes
- Kessler, WV: less expensive homes
- Kerrick, MN: higher priced homes
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