The Most Affordable Neighborhoods in Long Lake Colony, SD by Home Value

 

Long Lake Colony, SD Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Long Lake Colony area can be challenging. Home prices in Long Lake Colony are now at a median cost of $276,144, higher than the South Dakota average of $199,518.

The average cost of rent is $1,038/mo in Long Lake Colony, primarily driven by the current value of real estate in the Long Lake Colony area. While nearly 53.07% of residents own their homes outright in Long Lake Colony, 12.65% rent.

Housing affordability isn’t just about home prices, though. The average household income in Long Lake Colony is $6,944 per month. Households that rent pay about 14.95% of their income on rent here. Long Lake Colony's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.


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