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These days, finding an affordable place to live in the Timber Lake area can be challenging. Home prices in Timber Lake are now at a median cost of $78,235, lower than the South Dakota average of $268,202.
The average cost of rent is $631/mo in Timber Lake, primarily driven by the current value of real estate in the Timber Lake area. In Timber Lake, 32.19% of households rent, and 66.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Timber Lake is $5,294 per month. Households that rent pay about 11.93% of their income on rent here. Timber Lake’s most expensive areas are in the central 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
- Glencross, SD: equally priced homes
- Whitehorse, SD: equally priced homes
- Walker, SD: less expensive homes
- Isabel, SD: equally priced homes
- Mahto, SD: less expensive homes
- Trail City, SD: equally priced homes
- Green Grass, SD: higher priced homes
- Little Eagle, SD: less expensive homes
- Bullhead, SD: less expensive homes
- Thunder Butte, SD: higher priced homes
Cities with Similar Populations
- Dial, GA: higher priced homes
- Chatham, MI: higher priced homes
- Clarks, NE: higher priced homes
- Conesville, IA: higher priced homes
- Coosa, GA: higher priced homes
- Copley, OH: higher priced homes
- Corum, OK: higher priced homes
- Cosby, MO: higher priced homes
- Cowanesque, PA: higher priced homes
- Crescent City, IL: higher priced homes
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