Home prices
The median home in The Lakes costs $331,000. In comparison to its nearby areas it is roughly $261,320 (375%) higher.Compared to the nation as a whole it is approximately $113,500 (52%) higher, and is roughly $141,200 (74%) higher compared to the city of Sioux Falls.
Rents
The Lakes's median rent is $1,107 per month. This is approximately $479 (76%) higher compared to its surrounding areas.It is about $45 (4%) higher in comparison to the US as a whole, and in comparison to the city of Sioux Falls is roughly $280 (33%) higher.
Nearby places
Currie
Currie is approximately 4 miles southeast of The Lakes. Housing prices there are significantly less expensive. The median home in Currie is valued at $52,200, which comes out to $278,800 (534%) lower than The Lakes. Rents there are significantly less expensive. Currie's median rent is $758 per month, which works out to $349 (46%) lower than The Lakes.
Garvin
Garvin is approximately 5 miles northwest from The Lakes. Its real estate prices are a lot less expensive. The median home cost in Garvin is $55,000, which works out to $276,000 (501%) lower than The Lakes. The rent there is significantly less expensive. The median rent in Garvin is $705 per month, which comes out to $402 (57%) lower than The Lakes.
Tracy
Tracy is approximately 7 miles northeast of The Lakes. The real estate prices there are significantly less expensive. The value of the median home in Tracy is $75,600, which works out to $255,400 (337%) lower than The Lakes. Its rents are significantly less expensive. The median rent in Tracy is $614 per month, which comes out to $493 (80%) lower than The Lakes.
Balaton
Balaton is roughly 9 miles northwest of The Lakes. The housing prices there are significantly less expensive. The median home in Balaton costs $72,500, which works out to $258,500 (356%) lower than The Lakes. Rents there are significantly less expensive. The median rent in Balaton is $573 a month, which is $534 (93%) lower than The Lakes.
Slayton
Slayton is about 9 miles south of The Lakes. Housing prices there are significantly less expensive. The price of the median home in Slayton is $93,100, which is $237,900 (255%) lower than The Lakes. Its rents are substantially less expensive. Slayton's median rent is $488 per month, which works out to $619 (126%) lower than The Lakes.
