Housing in Lake Andes, SD is relatively affordable, with the median home value being $73,000. This is significantly lower than the US median of $338,100. In addition to affordability, housing in Lake Andes has seen significant appreciation over the past year — 14.45%, which is higher than the national average of 8.27%. This makes it an attractive place for prospective buyers looking for a good deal and excellent return on investment.
The median home cost in Lake Andes is $73,000. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Lake Andes is up 17.2%.
Average Age of Homes
- The median age of Lake Andes real estate is 62 years old
The Rental Market in Lake Andes
- Renters make up 27.2% of the Lake Andes population
- 2.6% of houses and apartments in Lake Andes, 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.