Home prices
The median home in Lake Park costs $115,900. In comparison to nearby areas this is approximately $76,740 (39%) lower.Compared to the United States as a whole it is approximately $101,600 (46%) lower, and it is about $73,900 (38%) lower in comparison to the city of Sioux Falls.
Rents
Lake Park's median rent is $775 a month. Compared to its surrounding areas it is about $94 (10%) lower.In comparison to the US as a whole it is about $287 (27%) lower, and it is about $52 (6%) lower compared to the city of Sioux Falls.
Nearby places
Harris
Harris is about 4 miles west of Lake Park. Real estate prices there are significantly less expensive. The median home in Harris costs $65,000, which works out to $50,900 (78%) lower than Lake Park. The rent there is a lot less expensive. The median rent in Harris is $439 a month, which works out to $336 (76%) lower than Lake Park.
Wahpeton
Wahpeton is roughly 7 miles southeast of Lake Park. Its housing prices are significantly more expensive. Wahpeton's median home cost is $350,000, which comes out to $234,100 (66%) higher than Lake Park. The rent there is substantially more expensive. The median rent in Wahpeton is $1,458 per month, which comes out to $683 (46%) higher than Lake Park.
Round Lake
Round Lake is approximately 8 miles northwest of Lake Park. Housing prices there are significantly less expensive. The price of the median home in Round Lake is $58,200, which comes out to $57,700 (99%) lower than Lake Park. Rents there are a little less expensive. Round Lake's median rent is $625 a month, which works out to $150 (24%) lower than Lake Park.
Okoboji
Okoboji is approximately 8 miles southeast from Lake Park. Its real estate prices are a lot more expensive. Okoboji's median home cost is $333,700, which comes out to $217,800 (65%) higher than Lake Park. Rent there is a bit more expensive. Okoboji's median monthly rent is $974, which works out to $199 (20%) higher than Lake Park.
Spirit Lake
Spirit Lake is roughly 9 miles east of Lake Park. Real estate prices there are a bit more expensive. The cost of the median home in Spirit Lake is $156,300, which works out to $40,400 (25%) higher than Lake Park. Rent there is somewhat more expensive. Spirit Lake's median rent is $848 a month, which comes out to $73 (8%) higher than Lake Park.
