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These days, finding an affordable place to live in the Lake Preston area can be challenging. Home prices in Lake Preston are now at a median cost of $175,965, lower than the South Dakota average of $268,202.
The average cost of rent is $629/mo in Lake Preston, primarily driven by the current value of real estate in the Lake Preston area. In Lake Preston, 19.85% of households rent, and 65.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake Preston is $6,191 per month. Households that rent pay about 10.16% of their income on rent here. Lake Preston’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hetland, SD: equally priced homes
- Oldham, SD: equally priced homes
- DeSmet, SD: higher priced homes
- Erwin, SD: equally priced homes
- Arlington, SD: equally priced homes
- Badger, SD: equally priced homes
- Cloverleaf Colony, SD: less expensive homes
- Sinai, SD: higher priced homes
- Bryant, SD: higher priced homes
- Arlington Beach, SD: higher priced homes
Cities with Similar Populations
- South Ogdensburg, NJ: higher priced homes
- Georgetown, MS: less expensive homes
- Glen Allen, AL: less expensive homes
- Goldonna, LA: less expensive homes
- Goodwins Crossroads, SC: equally priced homes
- Grady, MS: less expensive homes
- Graham, KY: less expensive homes
- Granville, MA: higher priced homes
- Greenville, MO: less expensive homes
- Smiley, TX: less expensive homes
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