Lake Norden, SD—57248
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Norden, SD
As of Oct '25, the median home price in Lake Norden, SD is $363,000, with a year-over-year change of 6.5%. This indicates that home prices in Lake Norden, SD are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $363,000 | 6.5% |
| Single Family | $363,000 | 9.0% |
| 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 — 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 |
% of Rental Stock
Property Listings — Lake Norden, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Norden, SD is 88. This is a increase of 408.0% 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 | $320,000 | -4.0% |
Listing Count | 11 | 182.0% |
| Listings as % of Homes | 0.2% | 182.0% |
Days on Market | 88 | 408.0% |
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% |
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% |
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 |
Loan Activity
No data available
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 |
Affordability — Lake Norden, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $363,000 |
| Median Household Income | $92,600 |