Lennox, SD—57039
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lennox, SD
As of Oct '25, the median home price in Lennox, SD is $311,000, with a year-over-year change of 2.1%. This indicates that home prices in Lennox, SD are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $311,000 | 2.1% |
| Single Family | $311,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lennox, SD
Lennox, SD lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,700 | $2,700 |
% of Rental Stock
Property Listings — Lennox, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Lennox, SD is 120. This is a increase of 74.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $341,000 | 1.0% |
Listing Count | 40 | 65.0% |
| Listings as % of Homes | 0.8% | 65.0% |
Days on Market | 120 | 74.0% |
Demographics — Lennox, SD
As of the latest ACS Survey released in 2023, Lennox, SD has a population of 3,880, which has increased by 8.8% over the past 5 years. Lennox, SD is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 22.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,880 | 8.8% |
% Under 18 | 24.4% | -15.0% |
% Seniors | 18.6% | 24.0% |
% WFH | 16.9% | 668.2% |
% w/ College Degree | 22.8% | 1.3% |
As of the latest ACS Survey released in 2023, Lennox, SD is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Lennox, SD is hispanic, making up 3.4% of the population. Foreign-born residents account for 0.4% of the population in Lennox, SD, and this percentage has increased by 300.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.5% | -6.7% |
% Black | 1.4% | 16.7% |
% Hispanic | 3.4% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | 300.0% |
Mortgage and Risk — Lennox, SD
According to HUD data as of 2023, there were 143 mortgage originations in Lennox, SD, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Lennox, SD. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 143 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Lennox, SD
Lennox, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 49 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | -$1,100 | $2,700 | $1,600 |
Affordability — Lennox, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $311,000 |
| Median Household Income | $79,200 |