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Lake Madison, SD
Full City Profile · South Dakota · McCook County County
3.8
/5.0
B+
Good
885
Population
188/sq mi density
$116,648
Median Income
$95,163 per capita
$496,600
Home Value
$483,817 Zillow
$595
Median Rent
17.2% income on rent
45°F
Avg Temperature
291 sunny days/yr
142
Violent Crime/100K
1,332 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$116,648 median income, 1.9% unemployment
A
Affordability
4.3 / 5.0
$496,600 home value, $595/mo rent
F
Safety
1.0 / 5.0
142 violent crimes/100K
A+
Education
4.9 / 5.0
48.5% bachelor's degree or higher
Housing Overview
Median Home Value
$496,600
76% above
US avg: $281,900
Median Rent
$595/mo
49% below
US avg: $1,163/mo
Homeownership Rate
88.4%
35% above US avg (65.4%)
Total Housing Units
933
Median year built: 1990
Home Value by Source
Census Median
$496,600
Zillow (ZHVI)
$483,817
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
88.4%
Owner-Occupied
11.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$691/mo
1 Bedroom
$784/mo
2 Bedroom
$990/mo
3 Bedroom
$1,295/mo
4 Bedroom
$1,540/mo
Census median rent:
$595/mo
Affordability & Housing Stock
Rent Burden
17.2%
of renters spending 30%+ of income on housing
45% below US avg (31.0%)
Median Year Built
1990
Average age of housing stock: 36 years
Homeownership Rate
88.4%
Complete Housing Data
Home Values
| Census Median Value | $496,600 |
| Zillow Home Value (ZHVI) | $483,817 |
Rent
| Census Median Rent | $595 |
| FMR Studio | $691 |
| FMR 1-Bedroom | $784 |
| FMR 2-Bedroom | $990 |
| FMR 3-Bedroom | $1,295 |
| FMR 4-Bedroom | $1,540 |
Market
Ownership & Stock
| Owner-Occupied | 88.4% |
| Renter-Occupied | 11.6% |
| Homeownership Rate | 88.4% |
| Total Housing Units | 933 |
| Median Year Built | 1990 |
| Rent Burden | 17.2% |