Clear Lake, SD—57226
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clear Lake, SD
Clear Lake, SD lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $242,000 | 6.4% |
| Single Family | $242,000 | 7.6% |
| 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 — Clear Lake, SD
Clear Lake, SD lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| 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 | N/A | N/A |
% of Rental Stock
Property Listings — Clear Lake, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Clear Lake, SD is 50. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $227,000 | -9.0% |
Listing Count | 17 | 188.0% |
| Listings as % of Homes | 0.9% | 188.0% |
Days on Market | 50 | -8.0% |
Demographics — Clear Lake, SD
As of the latest ACS Survey released in 2023, Clear Lake, SD has a population of 1,830, which has decreased by -3.5% over the past 5 years. Clear Lake, SD is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 26.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,830 | -3.5% |
% Under 18 | 22.2% | 11.6% |
% Seniors | 24.8% | 15.3% |
% WFH | 6.1% | -47.0% |
% w/ College Degree | 26.3% | 34.9% |
As of the latest ACS Survey released in 2023, Clear Lake, SD is a predominantly white area, with 93.3% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Clear Lake, SD is hispanic, making up 2.7% of the population. Foreign-born residents account for 1.0% of the population in Clear Lake, SD, and this percentage has decreased by 76.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.3% | -1.0% |
% Black | 0.2% | ∞% |
% Hispanic | 2.7% | -49.1% |
% Asian | 0.4% | ∞% |
% Foreign Born | 1.0% | -76.7% |
Mortgage and Risk — Clear Lake, SD
According to HUD data as of 2023, there were 18 mortgage originations in Clear Lake, SD, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 56.0% above 90% LTV (very high). This implies large mortgage risk in Clear Lake, SD. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 18 |
% Conventional Loans | 50.0% |
% Government Loans | 50.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Clear Lake, SD
Clear Lake, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Clear Lake, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $242,000 |
| Median Household Income | $71,200 |