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Willow Lake School District 12-3

Learn about the people, housing, costs and businesses in Willow Lake School District 12-3, South Dakota

Median Home$171,102
Median Rent$765/month
Population1,317
Leading IndustriesConstruction · Agriculture & Mining · Transportation22% construction
Home Value Growth⬆⬆⬆+26.4% over 2 years
Family-Friendly29% of residentstop 3% nationally
Homeowners79% of occupied units
NotableAffordable Market$171k median home · lower cost than 74% of the country
NotableVeteran Community8% of residents · top 27% nationally
Willow Lake School District 12-3
SD

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Frequently Asked Questions

What are today's mortgage rates in Willow Lake School District 12-3?

As of today, the 30-year fixed mortgage rate for Willow Lake School District 12-3 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 Willow Lake School District 12-3?

The median home value in Willow Lake School District 12-3 is $171k. The median monthly rent is $765. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Willow Lake School District 12-3?

Home values in Willow Lake School District 12-3 have increased 26.4% 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 Willow Lake School District 12-3?

Based on a typical all-in ownership cost of $787/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Willow Lake School District 12-3 is $72k/year.

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What industries drive the economy in Willow Lake School District 12-3?

The largest employment sectors in Willow Lake School District 12-3 are agriculture and mining (23%) and construction (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.