The housing market in 57247 Lake City, SD is seeing strong appreciation as the median value of houses in the area is $267,900. This is significantly lower than the U.S. median house value of $338,100 and even more promising, the 1 year house appreciation in Lake City is 14.45%, much higher than the U.S. average of 8.27%. As such 57247 Lake City, SD appears to be a great opportunity for potential homebuyers or investors hoping to benefit from rising property values.
The median home cost in Lake City (zip 57247) is $267,900. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Lake City (zip 57247) is up 17.2%.
Average Age of Homes
- The median age of Lake City (zip 57247) real estate is 48 years old
The Rental Market in Lake City (zip 57247)
- Renters make up 3.3% of the Lake City (zip 57247) population
- 0.0% of houses and apartments in Lake City (zip 57247), 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.