The housing market in Lake Preston, SD is thriving compared to the US median house value. The median value for a house in Lake Preston is $112,100 which is much lower than the US average of $338,100. On top of that, the 1 year appreciation rate for houses in Lake Preston are higher at 14.45%, compared to 8.27% across the United States. This shows that the housing market in Lake Preston has seen strong growth over the last year and could be an attractive option for buyers looking for more affordable properties and a better return on their investment.
The median home cost in Lake Preston is $112,100. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Lake Preston is up 17.2%.
Average Age of Homes
- The median age of Lake Preston real estate is 68 years old
The Rental Market in Lake Preston
- Renters make up 30.4% of the Lake Preston population
- 4.0% of houses and apartments in Lake Preston, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.