Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$312,689+2.4% YoY · prices are rising
Market right nowBalanced marketFewer homes for sale than last year, 9% have cut their price
Income needed to buy, per year$67,784About 0.8× the local median income ($80,099): affordable for a typical household
Days on market99 daysAbout the same pace as a year ago
The typical home in Lake County, SD is worth $312,689, up 2.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $273,135, so the area is 14.5% overvalued. It is a balanced market: homes take about 99 days to sell, listings are down 7% from a year ago, 9% of listings have had a price cut. A household needs about $67,784 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $80,099. In the latest IRS figures, 52 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$312,689
Change in 1 year
+2.4%
Overvalued %
+14.5%
Show 6 more
Fair home value
$273,135
Change in 5 years
+39.5%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,695
Income needed to afford it
$67,784
Property tax rate
1.03%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,154
Market activity
Listings vs a year ago
−6.9%
Days on market
99
Listings with a price cut
9.1%
Show 3 more
Homes for sale
67
Pending sales per 100 listings
22
Asking price per sq ft
$257
People and jobs
Median household income
$80,099
Population change (1 year)
−0.5%
Unemployment rate
3.0%
Show 4 more
Population
10,993
Income adjusted for cost of living
$92,386
Net moves in (IRS)
+52
Cost of living (US = 100)
86.7
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
32.6
Flood risk score
34.1
Show 3 more
Wildfire risk score
53.9
Walkability (1 to 20)
6.6
Road, rail and air noise
53 dB
Questions people ask
Is Lake County, SD overvalued?
Home prices in Lake County, SD are well above what local incomes have historically supported: fair value is about $273,135, so the area is 14.5% overvalued.
Is Lake County, SD a buyer's or seller's market?
Lake County, SD is a balanced market: homes take about 99 days to sell, listings are down 7% from a year ago, 9% of listings have had a price cut.
Are home prices going down in Lake County, SD?
Home values in Lake County, SD are up 2.4% over the last year.
How much do you need to earn to buy a home in Lake County, SD?
A household needs about $67,784 a year to afford the typical home in Lake County, SD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $80,099.