Home prices
The median home in Lake Benton is valued at $86,700. It is about $15,680 (22%) higher compared to nearby areas.In comparison to the rest of the nation it is about $130,800 (60%) lower, and in comparison to the city of Sioux Falls it is about $103,100 (54%) lower.
Rents
Lake Benton's median monthly rent is $475. Compared to nearby areas this is roughly $201 (29%) lower.Compared to the United States as a whole it is approximately $587 (55%) lower, and in comparison to the city of Sioux Falls is about $352 (42%) lower.
Nearby places
Tyler
Tyler is about 6 miles east of Lake Benton. The real estate prices there are somewhat less expensive. The median home in Tyler costs $79,200, which is $7,500 (9%) lower than Lake Benton. The rent there is a little more expensive. In Tyler the median rent is $644 per month, which works out to $169 (26%) higher than Lake Benton.
Elkton
Elkton is roughly 8 miles west of Lake Benton. The housing prices there are substantially more expensive. The median home in Elkton is valued at $132,700, which comes out to $46,000 (34%) higher than Lake Benton. The rent there is substantially more expensive. In Elkton the median monthly rent is $725, which works out to $250 (34%) higher than Lake Benton.
Arco
Arco is roughly 8 miles northeast from Lake Benton. Real estate prices there are a lot less expensive. The median home value in Arco is $35,600, which comes out to $51,100 (143%) lower than Lake Benton. Rent there is somewhat more expensive. In Arco the median monthly rent is $675, which is $200 (29%) higher than Lake Benton.
Ruthton
Ruthton is approximately 9 miles southeast from Lake Benton. Its housing prices are substantially less expensive. The median home cost in Ruthton is $51,300, which is $35,400 (69%) lower than Lake Benton. Rents there are a lot more expensive. The median rent in Ruthton is $771 per month, which works out to $296 (38%) higher than Lake Benton.
Holland
Holland is approximately 11 miles south from Lake Benton. The housing prices there are significantly less expensive. Holland's median home value is $56,300, which is $30,400 (53%) lower than Lake Benton. Its rents are somewhat more expensive. In Holland the median monthly rent is $563, which is $88 (15%) higher than Lake Benton.
