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Timber Lake, SD Real Estate


According to census data in the year 2000 there were 216 housing units in Timber Lake. This represents a 14.3% decline from 252 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 216 were located in what is classified as a rural area.

Homeownership rate in Timber Lake is about 68.6%. Timber Lake's vacancy rate, including seasonal lodging, is about 13%. Average household size is 2.46 people.

The majority of houses, apartments or condos in Timber Lake were built after 1961.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom13%
Two Bedrooms35.60%
Three Bedrooms36.60%
Four Bedrooms12%
Five Bedrooms or more2.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.34
Median year structure was built1955
Median Value of occupied units$28,300
Median Price asked for vacant units$13,800

Rented Homes, Apartments and Condos

Average Household Size2.73
Median year structure was built1972
Median Monthly Rent asked for vacant units$225

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.80%
Home Equity Loan0%
Simple Mortgage27.30%
Debt Free70.90%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs13.7%