Zip 57075 (Lake Madison, SD) Housing

The housing market in 57075 Lake Madison, SD is booming, with a median value of $457,600 which is significantly higher than the US house median value of $338,100. Furthermore, the US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate in 57075 Lake Madison, SD is 12.74%. This makes for an ideal investment opportunity for potential buyers or those looking to move into the area and take advantage of high house prices and increasing values.

The median home cost in Lake Madison (zip 57075) is $457,600. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Lake Madison (zip 57075) is up 18.1%.

Average Age of Homes

- The median age of Lake Madison (zip 57075) real estate is 22 years old

The Rental Market in Lake Madison (zip 57075)

- Renters make up 4.6% of the Lake Madison (zip 57075) population
- 1.2% of houses and apartments in Lake Madison (zip 57075), 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 Madison, South Dakota	United States
	857.0	139,647,020.0
	30	42
	$457,600	$338,100
	18.1%	16.6%
	55.0%	57.0%
	95.0%	101.1%
	$8.95	$10.98
	$3,310	$2,690
	48.1%	57.4%
	46.2%	11.2%
	5.7%	31.4%
Vacant Housing
	1.2%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	39.0%	3.6%
	5.5%	4.1%
Value of Owner-Occupied Housing
	2.2%	2.6%
	3.6%	2.4%
	3.2%	2.8%
	2.2%	3.9%
	3.4%	4.5%
	3.6%	11.3%
	8.0%	13.0%
	15.3%	20.1%
	12.1%	13.6%
	14.3%	8.3%
	15.3%	9.7%
	10.2%	3.9%
	5.1%	2.2%
	0.0%	0.8%
	1.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	20.8%	13.6%
	20.8%	13.6%
	18.4%	13.6%
	9.7%	13.2%
	15.5%	14.8%
	18.4%	13.6%
	0.2%	10.0%
	2.3%	4.7%
	11.6%	12.2%

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