Lake Flat, SD is an attractive area for homeowners due to its high median housing value of $371,800, which far exceeds the US House Median Value of $338,100. The US 1 year House Appreciation rate is 8.27%, but in Lake Flat it is even higher at 15.62%. This demonstrates that real estate in Lake Flat has seen a strong surge in demand and value over the past year, making it an attractive place to purchase a home.
The median home cost in Lake Flat is $371,800. Home appreciation the last 10 years has been 100.3%. Home Appreciation in Lake Flat is up 18.1%.
Average Age of Homes
- The median age of Lake Flat real estate is 72 years old
The Rental Market in Lake Flat
- Renters make up 17.6% of the Lake Flat population
- 0.0% of houses and apartments in Lake Flat, 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.