Housing in 57226 Clear Lake, SD is much more affordable than the US median value of $338,100. The median housing value in Clear Lake is $210,300 which is over 60% lower than the national average. Despite this, the 1 year house appreciation rate in the area is an impressive 14.45%, nearly 6 percentage points higher than the US national average of 8.27%. This speaks to a strong real estate market in Clear Lake and can indicate that housing prices are likely to continue to rise in the future.
The median home cost in Clear Lake (zip 57226) is $210,300. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Clear Lake (zip 57226) is up 17.2%.
Average Age of Homes
- The median age of Clear Lake (zip 57226) real estate is 47 years old
The Rental Market in Clear Lake (zip 57226)
- Renters make up 16.3% of the Clear Lake (zip 57226) population
- 4.5% of houses and apartments in Clear Lake (zip 57226), 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.