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Lake Preston, SD Real Estate


According to census data in the year 2000 there were 354 housing units in Lake Preston. This represents a 3% decline from 365 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 354 were located in what is classified as a rural area.

Homeownership rate in Lake Preston is about 67.7%. Lake Preston's vacancy rate, including seasonal lodging, is about 10.7%. Average household size is 2.2 people.

The majority of houses, apartments or condos in Lake Preston were built after 1953.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom14.40%
Two Bedrooms36.40%
Three Bedrooms28.50%
Four Bedrooms15.30%
Five Bedrooms or more5.40%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.41
Median year structure was built1946
Median Value of occupied units$36,700
Median Price asked for vacant units$20,000

Rented Homes, Apartments and Condos

Average Household Size1.75
Median year structure was built1968
Median Monthly Rent asked for vacant units$233

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.40%
Home Equity Loan3.20%
Simple Mortgage39.20%
Debt Free52.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.3%