Lake Madison, SD is a great place to invest in housing. The median value of houses in the area is $497,400, which is significantly higher than the US House median value of $338,100. Furthermore, the appreciation rate for homes in Lake Madison over the past year has been 12.74%, while the national average was 8.27%. With prices rising steadily and strong appreciation rates, investing in real estate in this area can be a wise decision.
The median home cost in Lake Madison is $497,400. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Lake Madison is up 18.1%.
Average Age of Homes
- The median age of Lake Madison real estate is 21 years old
The Rental Market in Lake Madison
- Renters make up 6.3% of the Lake Madison population
- 2.2% of houses and apartments in Lake Madison, 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.