Timber Lake, SD Real Estate
According to census data in the year 2000 there were 216 housing units in Timber Lake.
This represents a 14.3% decline from 252 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 216 were located in what is classified as a rural area.
Homeownership rate in Timber Lake is about 68.6%.
Timber Lake's vacancy rate, including seasonal lodging, is about 13%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Timber Lake were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 13% |
| Two Bedrooms | 35.60% |
| Three Bedrooms | 36.60% |
| Four Bedrooms | 12% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $28,300 |
| Median Price asked for vacant units | $13,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $225 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.80% |
| Home Equity Loan | 0% |
| Simple Mortgage | 27.30% |
| Debt Free | 70.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.7% |
