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Lake Preston School District 38-3

Learn about the people, housing, costs and businesses in Lake Preston School District 38-3, South Dakota

Median Home$206,402
Median Rent$1,402/month
Population49,574
Leading IndustriesFinance & Insurance · Wholesale Trade · Information & Media10% finance & insurance
Home Value Growth⬆⬆⬆+24.6% over 2 years
Family-Friendly33% of residentstop 1% nationally
Homeowners71% of occupied units
Lake Preston School District 38-3
SD

Explore Lake Preston School District 38-3

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Lake Preston School District 38-3?

As of today, the 30-year fixed mortgage rate for Lake Preston School District 38-3 is approximately 7.037% (7.078% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lake Preston School District 38-3
What is the median home price in Lake Preston School District 38-3?

The median home value in Lake Preston School District 38-3 is $206k. The median monthly rent is $1,402. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Preston School District 38-3?

Home values in Lake Preston School District 38-3 have increased 24.6% 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 Preston School District 38-3?

Based on a typical all-in ownership cost of $1,335/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Preston School District 38-3 is $66k/year.

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What industries drive the economy in Lake Preston School District 38-3?

The largest employment sectors in Lake Preston School District 38-3 are public administration (21%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.