What is the average home price in Lake Norden, SD 57248?

As of May '26, the median home price in Lake Norden, SD 57248 is $392,000, based on Zillow home estimates.

How have home prices in Lake Norden, SD 57248 changed over the past year?

As of May '26, home prices have increased 15.4% over the past year, according to Zillow home estimates data.

What is the home price projection for Lake Norden, SD 57248?

As of May '26, Zillow projects home prices in Lake Norden, SD 57248 to increase 1.9% in the next year.

What are the demographics of Lake Norden, SD 57248?

According to the latest Census, the demographics of Lake Norden, SD 57248 are 86.3% White, 0.9% Black, 0.0% Asian, 12.0% Hispanic. The population is 1,150, with 32.6% under 18 years old.

How long does it take homes to sell in Lake Norden, SD 57248?

According to Realtor.com, as of May '26, the median home in Lake Norden, SD 57248 is on the market for 42 days. This is an increase of 13.0% from last year.

What is the average rent price in Lake Norden, SD 57248?

The average rent price in Lake Norden, SD 57248, as of the latest data, is N/A. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is N/A, N/A, and N/A respectively.

Lake Norden, SD 57248 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Lake Norden, SD—57248

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$392,000

15.4% YoY Growth

Household Income

$92,600

28.3% YoY Growth

Days on Market

13.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Lake Norden, SD

As of May '26, the median home price in Lake Norden, SD is $392,000, with a year-over-year change of 15.4%. This indicates that home prices in Lake Norden, SD are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$392,000	15.4%
Single Family	$392,000	15.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lake Norden, SD

Lake Norden, 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

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% of Rental Stock

Studio

1.1%

1 Bedroom

39.8%

2 Bedrooms

40.9%

3 Bedrooms

18.2%

Property Listings — Lake Norden, SD

As of May '26, Realtor.com reports that the median days on market for a home in Lake Norden, SD is 42. This is a increase of 13.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$305,000	31.0%
Listing Count	9	39.0%
Listings as % of Homes	0.2%	39.0%
Days on Market	42	13.0%

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Demographics — Lake Norden, SD

As of the latest ACS Survey released in 2023, Lake Norden, SD has a population of 1,150, which has increased by 18.4% over the past 5 years. Lake Norden, SD is a popular place for families, as children make up 32.6% of the population. The area has a moderately educated workforce, with 25.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,150	18.4%
% Under 18	32.6%	27.8%
% Seniors	17.2%	-28.9%
% WFH	4.4%	-79.7%
% w/ College Degree	25.9%	19.4%

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As of the latest ACS Survey released in 2023, Lake Norden, SD is a predominantly white area, with 86.3% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Lake Norden, SD is hispanic, making up 12.0% of the population. Foreign-born residents account for 8.3% of the population in Lake Norden, SD, and this percentage has increased by 62.7% 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	86.3%	-7.4%
% Black	0.9%	-30.8%
% Hispanic	12.0%	155.3%
% Asian	0.0%	N/A
% Foreign Born	8.3%	62.7%

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Mortgage and Risk — Lake Norden, SD

Lake Norden, SD lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Lake Norden, SD

Lake Norden, SD lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	18
Total Units Section 8	0
% 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	$870
2 Bedroom	N/A	N/A	$1,140
3 Bedroom	N/A	N/A	$1,560
4 Bedroom	N/A	N/A	$1,560

Lake Norden, SD—57248

Key Metrics at a Glance

Home Price Trends — Lake Norden, SD

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lake Norden, SD

% of Rental Stock

Property Listings — Lake Norden, SD

Demographics — Lake Norden, SD

Race and Ethnicity

Mortgage and Risk — Lake Norden, SD

Mortgages

Rentals and Section 8 — Lake Norden, SD

Section 8 Market Size

Section 8 Opportunity

Affordability — Lake Norden, SD

Home Price to Income Ratio

Lake Norden, SD — ZIP Code Boundary Map

Nearby ZIP Codes

Hayti, SD

Arlington, SD

Castlewood, SD

Hayti, SD

Bryant, SD

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$392,000
Median Household Income	$92,600