The housing in Timber Lake, SD is relatively affordable, as the median value is just $95,900. This is well below the US median value of $338,100. Furthermore, in the past year Timber Lake has seen a 14.45% appreciation in house value compared to the 8.27% appreciation rate across the United States. This indicates that Timber Lake is an attractive area for anyone looking to purchase or invest in a home.
The median home cost in Timber Lake is $95,900. Home appreciation the last 10 years has been 81.4%. Home Appreciation in Timber Lake is up 17.2%.
Average Age of Homes
- The median age of Timber Lake real estate is 55 years old
The Rental Market in Timber Lake
- Renters make up 25.2% of the Timber Lake population
- 4.3% of houses and apartments in Timber Lake, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.