Zip 57248 (Lake Norden, SD) Housing

The housing in 57248 Lake Norden, SD is very desirable with a median value of $292,600. This is much lower than the US House Median Value of $338,100, but it still has seen significant appreciation over the past year with an impressive 14.45%, compared to the US 1 year House Appreciation rate of 8.27%. The area provides great value for those looking to purchase a home and could be a great investment opportunity for those looking to buy and sell in the future.

The median home cost in Lake Norden (zip 57248) is $292,600. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Lake Norden (zip 57248) is up 17.2%.

Average Age of Homes

- The median age of Lake Norden (zip 57248) real estate is 43 years old

The Rental Market in Lake Norden (zip 57248)

- Renters make up 12.5% of the Lake Norden (zip 57248) population
- 0.0% of houses and apartments in Lake Norden (zip 57248), 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	Lake Norden, South Dakota	United States
	597.0	139,647,020.0
	34	42
	$292,600	$338,100
	17.2%	16.6%
	51.6%	57.0%
	81.4%	101.1%
	$11.95	$10.98
	$1,625	$2,690
	46.6%	57.4%
	34.5%	11.2%
	18.9%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	32.0%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	1.1%	2.4%
	1.4%	2.8%
	4.3%	3.9%
	5.0%	4.5%
	28.1%	11.3%
	10.1%	13.0%
	26.3%	20.1%
	12.6%	13.6%
	4.0%	8.3%
	2.2%	9.7%
	3.2%	3.9%
	1.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	18.1%	13.6%
	18.1%	13.6%
	15.2%	13.6%
	7.7%	13.2%
	8.2%	14.8%
	15.2%	13.6%
	2.5%	10.0%
	1.2%	4.7%
	25.6%	12.2%

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