Housing in Lake Madison, SD
Home values, rent, ownership rates, and housing market data
Lake Madison vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lake Madison is highlighted.
Median Home Value
89th%ilemost expensive$496,600show rank
Median Rent
7th%ilemost expensive rent$595show rank
Rent Burden
0th%ilehighest rent burden6.1%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$496,600
Median Rent
$595
Total Housing Units
886
Vacancy Rate
52.3%
Owner Occupied
88.4%
Renter Occupied
11.6%
Median Property Tax
$4,704
per year
Monthly Cost (w/ Mortgage)
$1,600
Housing Types
Single Family75.7%
Multi-Family4.6%
Mobile Home19.6%
The median home value in Lake Madison, SD is $496,600. The median rent is $595 per month (Census ACS). About 88.4% of housing units are owner-occupied. The median year homes were built is 1992. There are 886 total housing units.