Housing in Lake City, SD

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$278,174

Lake City vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Lake City is highlighted.

Median Home Value

49th%ilemost expensive$175,000show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$175,000

Median Rent

N/A

Total Housing Units

Vacancy Rate

31.0%

Owner Occupied

90.0%

Renter Occupied

10.0%

Median Property Tax

$1,000

per year

Monthly Cost (w/ Mortgage)

$560

Housing Types

Single Family

93.1%

Multi-Family

0.0%

Mobile Home

6.9%

The median home value in Lake City, SD is $175,000. According to Zillow, the home value index for Lake City is $278,174. About 90.0% of housing units are owner-occupied. The median year homes were built is 1981. There are 29 total housing units.