Real Estate Investing in Lake County, South Dakota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

3 ZIP codes • Population: 9,817

Should you buy in Lake County, SD? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (61/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 21.5% of homes vacant β€” above national norms.

What’s happening in Lake County, SD?

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3.0/ 5

Investability

County-wide average

4.0/ 5

Appreciation

7.0% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $386,018
Avg Monthly Rent $936
ZIP Codes 3

Investing in Lake County Real Estate

Across Lake County's 3 ZIPs, the picture is sluggish β€” soft rents, slow appreciation, and demographic headwinds that don't obviously reverse in the medium term.

Investors considering Lake, South Dakota should understand what the β˜…β˜…β˜…β˜†β˜† rating represents β€” a region with material challenges, not a temporary rough patch.

A 9,817 population and $N/AK household income profile is what makes Lake a challenging rental region β€” the base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Lake County, SD. Anonymous, moderated, never written by AI.

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Avg Home Value
$386,018
Avg Monthly Rent
$936
1% Rule
βœ— Below
Landlord Friendly (SD)
β˜…β˜…β˜…β˜…β˜…

πŸŽ“ Colleges & Universities in Lake County

1 College 3,508 Students 49 Off-Campus Renters
C
Dakota State University
4-Year Public Β· 3,508 students

Cities in Lake County

ZIP Codes in Lake County, SD

Screen every market in Lake County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Lake County

Are tenants stable in, SD?

The renter base in, SD is reasonable for the $936/mo price point. Screening well and pricing to market typically yields steady tenants.

What approach is best for, SD real estate?

In, SD the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $386K prices and $936/mo rents suits that approach.

How much does a house cost in, SD?

, SD home values average about $386K. That price point suits investors targeting rentals with $936/mo in monthly income.

Is, SD above or below the SD benchmark?

within SD reads broadly in line with the state benchmark. Investors comparing markets should weight local data above the statewide aggregate.

Community Ratings

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