The median home value in Lake Madison, SD is $345,700. This is higher than the county median home value of $194,600. The national median home value is $219,700. The average price of homes sold in Lake Madison, SD is $345,700. Approximately 36.63% of Lake Madison homes are owned, compared to 9.88% rented, while 53.49% are vacant. Lake Madison real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lake Madison real estate agent to arrange a tour today!
Lake Madison, South Dakota has a population of 873. Lake Madison is less family-centric than the surrounding county with 7.53% of the households containing married families with children. The county average for households married with children is 27.5%.
The median household income in Lake Madison, South Dakota is $85,703. The median household income for the surrounding county is $58,467 compared to the national median of $57,652. The median age of people living in Lake Madison is 61.3 years.
The average high temperature in July is 83.5 degrees, with an average low temperature in January of 5.8 degrees. The average rainfall is approximately 26.8 inches per year, with 38.1 inches of snow per year.