Real Estate Market Update for Lake County, SD
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was up 22% from one year earlier, and down 22% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 320-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 6%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 280-thousand dollars. The number of units sold was consistent year-over-year, and increased 50% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Lake County, SD

Area Information for Lake County, SD
  • Population: 11,986
  • Median Age: 39.11 yr
  • Median Commute Time: 15 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 21/sq mi
  • Population Change Since 2000: 6.3%
  • Closest Airport: Joe Foss Field
  • Closest College: Dakota State University
  • Closest Jr. College: Southeast Technical Institute
  • Median Household Income: $58,657
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $211,000
  • Closest Major Sports Team: Omaha Storm Chasers (aaa)
  • Change Avg. Household Income Since 2000: 87.86%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Lake County, SD
Median Age: 39.11 Married: 47% Number of Households: 4,822 Households with Children: 1,189
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Lake County, SD

      School Name Distance Type Grades School Rating Parent Rating
      Rustic Acres Elementary - 04 1.3 mi Public K-8 0 0
      St Thomas School 1.4 mi Catholic PRESCHOOL-5 0 0
      Madison High School - 01 1.5 mi Public 9-12 2 3
      Madison Middle School - 02 1.5 mi Public 6-8 2 0
      Madison Christian School 2.3 mi Private PRESCHOOL-5 0 0
      Oldham-ramona Elementary - 02 7.9 mi Public PRESCHOOL-12 2 0
      Oldham-ramona High School - 01 7.9 mi Public PRESCHOOL-12 2 4
      Oldham-ramona Jr. High - 03 7.9 mi Public PRESCHOOL-12 1 0
      Camridge Colony School 04 9.4 mi Public K-8 0 0
      Rutland Jr. High - 03 9.4 mi Public 7-8 1 0
      Rutland Elementary - 02 9.4 mi Public PRESCHOOL-5 4 0
      Rutland High School - 01 9.4 mi Public 9-12 1 0
      Gracevale Colony - 07 10.2 mi Public K-8 0 0
      Chester Area Cyber School - 39 13.3 mi Public 9-12 3 0
      High Plains - 06 13.3 mi Public 9-12 0 0
      Chester Ms - 03 13.3 mi Public 6-8 3 0
      Chester Elementary -02 13.3 mi Public PRESCHOOL-5 4 0
      Chester High School - 01 13.3 mi Public 9-12 4 3
      Shannon Colony Elementary - 08 14.3 mi Public K-8 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Lake County, SD
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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