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
Compare with nearby places
Places of similar size in South Dakota.
- Lake Andes city 934
- Agency Village CDP 911
- Mina CDP 888
- Meadow View Addition CDP 880
- Centerville city 876
- Viborg city 874
- Estelline city 862
Keep going
More South Dakota coverage.