Lake Norden, SD Real Estate
According to census data in the year 2000 there were 191 housing units in Lake Norden.
This represents a 1.6% growth from 188 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 191 were located in what is classified as a rural area.
Homeownership rate in Lake Norden is about 72.8%.
Lake Norden's vacancy rate, including seasonal lodging, is about 11.5%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in Lake Norden were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 19.40% |
| Two Bedrooms | 29.80% |
| Three Bedrooms | 31.40% |
| Four Bedrooms | 13.60% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $33,800 |
| Median Price asked for vacant units | $31,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.61 |
| Median year structure was built | 1966 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.70% |
| Home Equity Loan | 1% |
| Simple Mortgage | 31.70% |
| Debt Free | 58.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
