Housing in Lake Preston, SD
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$247,157
Lake Preston vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lake Preston is highlighted.
Median Home Value
37th%ilemost expensive$139,100show rank
Median Rent
4th%ilemost expensive rent$533show rank
Rent Burden
4th%ilehighest rent burden10.5%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$139,100
Median Rent
$533
Total Housing Units
276
Vacancy Rate
10.5%
Owner Occupied
66.8%
Renter Occupied
33.2%
Median Property Tax
$1,682
per year
Monthly Cost (w/ Mortgage)
$811
Housing Types
Single Family71.0%
Multi-Family25.7%
Mobile Home3.3%
The median home value in Lake Preston, SD is $139,100. According to Zillow, the home value index for Lake Preston is $247,157. The median rent is $533 per month (Census ACS). About 66.8% of housing units are owner-occupied. The median year homes were built is 1966. There are 276 total housing units.