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Lakota

Learn about the people, housing, costs and businesses in Lakota, North Dakota

Median Home$139,700
Median Rent$582/month
Population683
Leading IndustriesTransportation · Wholesale Trade · Construction6% transportation
Retirees31% of residentswell above average
Homeowners75% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableTransit81/100 · excellent transit access
Lakota
ND

Frequently Asked Questions

What are today's mortgage rates in Lakota?

As of today, the 30-year fixed mortgage rate for Lakota is approximately 6.894% (6.930% 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 Lakota?

The median home value in Lakota is $140k. The median monthly rent is $582. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

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

Based on a typical all-in ownership cost of $640/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lakota is $67k/year.

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What industries drive the economy in Lakota?

The largest employment sectors in Lakota are public administration (21%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.