The typical owner-occupied home in Long Lake is worth about $43,300, 83% below the South Dakota median of $257,400 and 87% below the national median of $332,700. The median household earns $61,042 a year, so the median home costs 0.7 times the median income (3.4 times for South Dakota). 89% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Long Lake at a glance
| Long Lake | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $43,300 | $257,400 | $332,700 |
| Median property tax paid per year | – | $2,724 | $3,119 |
| Median household income | $61,042 | $75,081 | $80,734 |
| Homes lived in by their owners | 89% | 69% | 65% |
| Owner homes with a mortgage | 0% | 54% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,680 | $1,963 |
| Median rent | – | $946 | $1,413 |
| Median year homes were built | 1949 | 1980 | 1980 |
| Vacant homes | 84.2% | 10.5% | 10.1% |
| Population | 14 | 907,428 | 334,922,499 |
What a typical home costs per month in Long Lake
At this week's average 30-year rate of 7.11%, buying the median Long Lake home of $43,300 with 20% down costs about $291 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $363, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $12,461 for the 20%-down payment. That payment is 6% of the median Long Lake household income of $61,042; at that income and 20% down, the 28% guideline points to a home of about $212,000.
| Down payment | $8,660 |
|---|---|
| Loan amount | $34,640 |
| Principal and interest | $233 |
| Property taxes (1.10% a year) | $40 |
| Homeowners insurance (our estimate, 0.5% a year) | $18 |
| PMI | $0 |
| Total per month | $291 |
Change the numbers in the calculator
| Down payment | $1,516 |
|---|---|
| Loan amount | $42,516 |
| Principal and interest | $286 |
| Property taxes (1.10% a year) | $40 |
| Homeowners insurance (our estimate, 0.5% a year) | $18 |
| FHA mortgage insurance | $19 |
| Total per month | $363 |
Change the numbers in the calculator
Questions about home buying in Long Lake
What is the median home value in Long Lake?
About $43,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Long Lake?
For the median home with 20% down at 7.11%, the payment is about $291 a month. Keeping that under 28% of gross income takes about $12,461 a year.
More about Long Lake
- Mortgage Refinance in Long Lake
- Debt Relief in Long Lake
- Home Equity Loans in Long Lake
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data