Lake View, SD is a desirable area to live in due to its high housing median value compared to the US average. The median value of houses in Lake View is nearly double the national average at $654,100. This is reflected in the higher 1 year house appreciation rate of 12.74% compared to 8.27% across the United States. This demonstrates that Lake View is an attractive area for potential homeowners who are looking for an investment opportunity that will give them a solid return on their money.
The median home cost in Lake View is $654,100. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Lake View is up 18.1%.
Average Age of Homes
- The median age of Lake View real estate is 23 years old
The Rental Market in Lake View
- Renters make up 6.0% of the Lake View population
- 1.6% of houses and apartments in Lake View, 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.