South Dakota

Lake County

ZIP 57016

11,052 residents85 permits TTM$73,792 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$231,000

ACS 5-Year

Cap rate proxy

4.5%

FMR × 0.65 ÷ Home Value

Rent-to-income

14.1%

HUD FMR ÷ ACS HHI

Net migration

+1.11%

IRS SOI

Permits (TTM)

85

Census BPS

Climate risk

32.6

FEMA NRI (0–100)

ZIP 57016

Median home value

$231,000

Gross yield

5.0%

Cap rate

4.5%

Rent gap

10.5%

Affordability

P/I: 5.1R/I:

Section 8 detail

SAFMR: $970Rent: $868Gap: 11.8%
ZIP code breakdown7 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
57016$231,000county est.$9705.0%4.5%10.5%
57042$261,493$9704.5%4.0%10.5%
57050$231,000county est.$9705.0%4.5%10.5%
57054$231,000county est.$9705.0%4.5%10.5%
57057$231,000county est.$9705.0%4.5%10.5%

Ranked by composite score

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Demographics

Owner-occupied

71.4%

Census ACS

Vacancy rate

19.4%

Census ACS

Bachelor's degree +

34.7%

Census ACS

Rent burdened

40.7%

Census ACS (>30% income)

Median age

43.7

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026