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Pine Lakes Addition

Learn about the people, housing, costs and businesses in Pine Lakes Addition, South Dakota

Median Home$489,300
Median Rent$1,153/month
Population380
Leading IndustriesProfessional Services · Finance & Insurance · Transportation3% professional services
Home Value Growth+4.5% over 2 years
Young Adults29% of residentsslightly above average
Homeowners94% of occupied units
NotableHigh Incomes$148k/year · top 4% nationally
Pine Lakes Addition
SD

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Frequently Asked Questions

What are today's mortgage rates in Pine Lakes Addition?

As of today, the 30-year fixed mortgage rate for Pine Lakes Addition is approximately 6.974% (7.013% 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 Pine Lakes Addition?

The median home value in Pine Lakes Addition is $489k. The median monthly rent is $1,153. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Pine Lakes Addition?

Home values in Pine Lakes Addition have increased 4.5% over the past two years. This represents moderate growth. 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 Pine Lakes Addition?

Based on a typical all-in ownership cost of $2,350/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $101k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pine Lakes Addition is $148k/year.

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What industries drive the economy in Pine Lakes Addition?

The largest employment sectors in Pine Lakes Addition are public administration (18%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.