The housing market in 57249 Lake Preston, SD is thriving compared to the national average. According to recent data, the median value for housing in this area is $172,800, which is significantly lower than the US House Median Value of $338,100. Despite this difference, the one-year house appreciation rate in this area is significantly higher than the US average at 14.45%; nearly double that of 8.27% nationally. This shows that Lake Preston is a great investment opportunity and could be an attractive option for those looking to take advantage of its growth potential.
The median home cost in Lake Preston (zip 57249) is $172,800. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Lake Preston (zip 57249) is up 17.2%.
Average Age of Homes
- The median age of Lake Preston (zip 57249) real estate is 65 years old
The Rental Market in Lake Preston (zip 57249)
- Renters make up 24.7% of the Lake Preston (zip 57249) population
- 2.1% of houses and apartments in Lake Preston (zip 57249), 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.