Checked
Lake Preston, SD Home Values and Rents
The typical home value in Lake Preston is $244,819. Median rent is $615 a month.
- Typical home value
- $244,819
- Zillow
- Median rent
- $615/mo
- ACS 2020-2024
- Price change, 1 year
- +3.8%
- Sep 2026
- Homeownership
- 61.7%
- SD: 68.6%
Typical home value in Lake Preston
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Lake Preston |
|---|---|
| Sep 2026 | $244,819 |
| Dec 2025 | $248,308 |
| Dec 2024 | $226,832 |
| Dec 2023 | $224,449 |
| Dec 2022 | $199,784 |
| Dec 2021 | $185,593 |
| Dec 2020 | $159,034 |
| Dec 2019 | $156,221 |
| Dec 2018 | $150,132 |
| Dec 2017 | $143,437 |
Over five years, Lake Preston prices changed +36.0%.
Source: Zillow Research · Last updated 09/01/2026
Housing at a glance
American Community Survey 2020-2024 5-year estimates, compared with South Dakota
- Median home value
- $130,000 · SD $257,400
- Median gross rent
- $615/mo · SD $946
- Home value to income
- 2.5 times the median household income ($52,396)
- Rent to income
- A year of median rent equals 14% of median household income
- Owner-occupied
- 61.7% of 269 households
- Housing units
- 291
- Vacancy rate
- 7.6%
- Median year built
- 1965
Fair Market Rents, FY2027
HUD rent standard for Kingsbury County, SD
| Unit size | Monthly rent |
|---|---|
| Studio | $721 |
| 1 bedroom | $792 |
| 2 bedrooms | $1,036 |
| 3 bedrooms | $1,234 |
| 4 bedrooms | $1,634 |
Frequently asked questions
- What is the typical home value in Lake Preston, SD?
- The typical home value in Lake Preston is $244,819 (Zillow Home Value Index, Sep 2026). The South Dakota median is $257,400.
- How much is rent in Lake Preston?
- The median rent in Lake Preston is $615 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,036.
- Are home prices going up in Lake Preston?
- The typical home value in Lake Preston changed +3.8% over one year and +36.0% over five years, as of Sep 2026.