Zip 57656 (Timber Lake, SD) Housing

Housing in 57656 Timber Lake, SD is a great investment. The median value of homes in the area is $93,900, lower than the US median value of $338,100. Furthermore, the 1 year house appreciation rate for the area is 14.45%, significantly higher than the US rate of 8.27%. This makes housing in 57656 Timber Lake, SD an attractive option for potential homebuyers and investors alike.

The median home cost in Timber Lake (zip 57656) is $93,900. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Timber Lake (zip 57656) is up 17.2%.

Average Age of Homes

- The median age of Timber Lake (zip 57656) real estate is 52 years old

The Rental Market in Timber Lake (zip 57656)

- Renters make up 20.5% of the Timber Lake (zip 57656) population
- 3.0% of houses and apartments in Timber Lake (zip 57656), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Timber Lake, South Dakota	United States
	365.0	139,647,020.0
	50	42
	$93,900	$338,100
	17.2%	16.6%
	51.6%	57.0%
	81.4%	101.1%
	$15.75	$10.98
	$1,048	$2,690
	61.9%	57.4%
	14.5%	11.2%
	23.6%	31.4%
Vacant Housing
	3.0%	1.9%
	1.1%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	2.7%	3.6%
	7.7%	4.1%
Value of Owner-Occupied Housing
	4.9%	2.6%
	13.7%	2.4%
	21.2%	2.8%
	18.1%	3.9%
	9.7%	4.5%
	15.0%	11.3%
	7.5%	13.0%
	2.2%	20.1%
	5.8%	13.6%
	0.0%	8.3%
	1.8%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.8%	0.2%
	3.3%	13.6%
	3.3%	13.6%
	7.4%	13.6%
	12.9%	13.2%
	24.7%	14.8%
	7.4%	13.6%
	17.3%	10.0%
	3.0%	4.7%
	15.1%	12.2%

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