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Timber Lake School District 20-3

Learn about the people, housing, costs and businesses in Timber Lake School District 20-3, South Dakota

Median Home$85,215
Median Rent$630/month
Population1,418
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade21% construction
Family-Friendly38% of residentstop 1% nationally
Homeowners66% of occupied units
NotableAffordable Market$85k median home · lower cost than 99% of the country
Timber Lake School District 20-3
SD

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Frequently Asked Questions

What are today's mortgage rates in Timber Lake School District 20-3?

As of today, the 30-year fixed mortgage rate for Timber Lake School District 20-3 is approximately 6.998% (7.038% 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 Timber Lake School District 20-3?

The median home value in Timber Lake School District 20-3 is $85k. The median monthly rent is $630. 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 Timber Lake School District 20-3?

Based on a typical all-in ownership cost of $679/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Timber Lake School District 20-3 is $60k/year.

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What industries drive the economy in Timber Lake School District 20-3?

The largest employment sectors in Timber Lake School District 20-3 are public administration (29%) and agriculture and mining (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.