Home prices
The price of the median home in Lake Madison is $360,400. Compared to nearby areas it is about $255,500 (243%) higher.Compared to the nation as a whole it is about $142,900 (65%) higher, and it is about $170,600 (89%) higher compared to the city of Sioux Falls.
Rents
Lake Madison's median monthly rent is $719. It is is very similar compared to other places in this area.In comparison to the entire country it is about $343 (32%) lower, and in comparison to the city of Sioux Falls is approximately $108 (13%) lower.
Nearby places
Wentworth
Wentworth is about 3 miles northeast from Lake Madison. The housing prices there are significantly less expensive. The median home in Wentworth is valued at $35,600, which comes out to $324,800 (912%) lower than Lake Madison. Rents there are a little less expensive. The median monthly rent in Wentworth is $584, which works out to $135 (23%) lower than Lake Madison.
Madison
Madison is approximately 4 miles northwest from Lake Madison. The housing prices there are a lot less expensive. The median home in Madison is valued at $123,900, which works out to $236,500 (190%) lower than Lake Madison. Its rents are a bit less expensive. In Madison the median monthly rent is $564, which is $155 (27%) lower than Lake Madison.
Chester
Chester is approximately 5 miles southeast from Lake Madison. Housing prices there are substantially less expensive. The price of the median home in Chester is $123,600, which works out to $236,800 (191%) lower than Lake Madison. Rent there is somewhat more expensive. The median rent in Chester is $954 per month, which works out to $235 (24%) higher than Lake Madison.
Colman
Colman is approximately 8 miles east of Lake Madison. The real estate prices there are a lot less expensive. The median home price in Colman is $120,300, which comes out to $240,100 (199%) lower than Lake Madison. Its rents are somewhat more expensive. The median rent in Colman is $761 a month, which comes out to $42 (5%) higher than Lake Madison.
Colton
Colton is about 11 miles south from Lake Madison. Its real estate prices are a lot less expensive. The value of the median home in Colton is $121,100, which is $239,300 (197%) lower than Lake Madison. Rents there are similar. The median monthly rent in Colton is $754, which works out to $35 (4%) higher than Lake Madison.
