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South Dakota · Census place 35430

Lake Madison CDP, SD

Quick answer

Lake Madison CDP has 885 residents, ranking #91 of 485 places in South Dakota. Median household income is $116,648, the median home is worth $496,600 and median gross rent runs $595 a month.

Population
885Lake Madison CDP residents
Median household income
$116,648Past 12 months, inflation adjusted
Median home value
$496,600Owner-occupied units
Median gross rent
$595Rent plus utilities, monthly
Median age
61.3 yrsAll residents
Homeownership rate
88.4%Owner-occupied households

What the numbers mean in Lake Madison CDP

Housing cost measured against local earnings.

A household earning the Lake Madison CDP median would spend about 6.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 12.9% of residents and 88.4% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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