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Lake Poinsett

Learn about the people, housing, costs and businesses in Lake Poinsett, South Dakota

Median Home$215,269
Median Rent$955/month
Population505
Leading IndustriesEducation · Manufacturing · Arts, Food & Hospitality5% education
Home Value Growth⬆⬆⬆+25.9% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners84% of occupied units
NotableHighly Educated36% bachelor's · 20% graduate · top 3% nationally
NotableHigh Incomes$88k/year · top 27% nationally
Lake Poinsett
SD

Frequently Asked Questions

What are today's mortgage rates in Lake Poinsett?

As of today, the 30-year fixed mortgage rate for Lake Poinsett is approximately 6.864% (6.899% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake Poinsett?

The median home value in Lake Poinsett is $215k. The median monthly rent is $955. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Poinsett?

Home values in Lake Poinsett have increased 25.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake Poinsett?

Based on a typical all-in ownership cost of $1,034/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Poinsett is $88k/year.

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What industries drive the economy in Lake Poinsett?

The largest employment sectors in Lake Poinsett are public administration (26%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.