House Prices

House Prices & Home Values Lake Preston, SD 2026


Average Data

average house price$322,940
average size per house1636 ft²
average price per ft²198 $ / ft²

04/15/2026 - The value range (VR) for house prices in Lake Preston, SD is $198/ sqft to $198/ sqft. An average home with 1636 sqft costs approximately $323,928 to $323,928. Lake Preston, SD includes 1 ZIP codes and it is located in Kingsbury county. The lowest prices are found in ZIP 57249, while the highest are in ZIP 57249. The average price per sqare feet is $198. Our analysis is based on 5 property listings.

Avergage prices by ZIP codes Lake Preston

57249191 $ / ft²




Historical development of home values in Lake Preston

Year Estimated value (USD) Change vs. 2025
2010 $149,979 -53.6%
2011 $144,179 -55.4%
2012 $143,791 -55.5%
2013 $149,166 -53.8%
2014 $156,583 -51.5%
2015 $164,619 -49.0%
2016 $173,210 -46.4%
2017 $182,559 -43.5%
2018 $192,652 -40.3%
2019 $201,585 -37.6%
2020 $212,006 -34.4%
2021 $241,134 -25.3%
2022 $281,108 -13.0%
2023 $296,442 -8.2%
2024 $313,591 -2.9%
2025 $322,940 0.0%

Graph: estimated home values in Lake Preston over time (USD)



Example: 100% financing house in Lake Preston

Loan amount: $322,940

Interest rate: 6.00%

Fixed monthly payment: $1,936.19

Breakdown in the 1st month:
Interest portion: $1,614.70  –  Principal portion: $321.49

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $19,268.52 $3,965.74 $318,974.26
2 $19,023.92 $4,210.34 $314,763.92
3 $18,764.24 $4,470.02 $310,293.90
4 $18,488.54 $4,745.73 $305,548.17
5 $18,195.83 $5,038.43 $300,509.74
6 $17,885.07 $5,349.19 $295,160.55
7 $17,555.14 $5,679.12 $289,481.43
8 $17,204.87 $6,029.39 $283,452.04
9 $16,832.99 $6,401.27 $277,050.77
10 $16,438.17 $6,796.09 $270,254.68
11 $16,019.01 $7,215.26 $263,039.42
12 $15,573.98 $7,660.28 $255,379.15
13 $15,101.51 $8,132.75 $247,246.40
14 $14,599.90 $8,634.36 $238,612.04
15 $14,067.36 $9,166.90 $229,445.14
16 $13,501.96 $9,732.30 $219,712.84
17 $12,901.70 $10,332.57 $209,380.27
18 $12,264.41 $10,969.86 $198,410.42
19 $11,587.81 $11,646.45 $186,763.96
20 $10,869.48 $12,364.78 $174,399.18
21 $10,106.85 $13,127.41 $161,271.77
22 $9,297.18 $13,937.08 $147,334.68
23 $8,437.57 $14,796.69 $132,537.99
24 $7,524.94 $15,709.32 $116,828.67
25 $6,556.02 $16,678.24 $100,150.43
26 $5,527.35 $17,706.91 $82,443.52
27 $4,435.22 $18,799.04 $63,644.48
28 $3,275.74 $19,958.52 $43,685.96
29 $2,044.74 $21,189.52 $22,496.44
30 $737.82 $22,496.44 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Lake Preston, SD


1500 sqft3900 sqft
Ø selling price$359,370$764,479
Ø fast selling$326,700$688,031
Ø high price sale$392,041$840,926

In 2026, houses in Lake Preston, SD will be offered at an average price of $198 per square foot. A 1,500 sqft home priced at $359,370 is 22.17% more expensive per square foot than a 3,900 sqft home priced at $764,479. Home prices in Lake Preston, SD vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $529,254. Sellers who can wait longer may achieve a higher price of up to $646,866.


Lake Preston, SD: Small-Town Charm in the Glacial Lakes Region

Lake Preston, South Dakota is a welcoming community set amid the prairie and shimmering glacial lakes of eastern South Dakota. Located along U.S. Highway 14, the town sits roughly 90 miles northwest of Sioux Falls and near the storied community of De Smet. Visitors come for year-round outdoor recreation, with the namesake Lake Preston offering excellent fishing for walleye, perch, and northern pike. Surrounding public lands invite hunting, birdwatching during migration, and peaceful sunrise walks along quiet shorelines.

Things to Do and See

Downtown features locally owned shops, cozy eateries, and friendly service that reflect the area?s strong agricultural roots.
Nearby campgrounds and boat launches make it easy to plan a weekend on the water, while winter brings ice fishing and snow-filled vistas. Families often pair a stay here with a visit to Laura Ingalls Wilder sites in neighboring De Smet, creating a memorable prairie getaway.

Community and Quality of Life

The town?s calendar highlights community festivals, school events, and athletic pride that bring residents and visitors together. Affordable housing, open skies, and low-traffic living make Lake Preston appealing for remote workers and retirees seeking space and connection. Whether you?re planning a fishing trip, scouting hunting grounds, or relocating to a friendly hub in Kingsbury County, Lake Preston, SD offers authentic small-town hospitality and outdoor adventure.



FAQ – Home Values in Lake Preston

What is the median home value in Lake Preston in 2026?

In 2026, the typical home value in Lake Preston is about $322,940 for an average home size of 1636 square feet. This corresponds to an average price of roughly $198 per square foot.

What is the average cost per square foot in Lake Preston?

In 2026, homes in Lake Preston sell for an average of around $198 per square foot, with a typical range between $198 and $198 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Lake Preston is about 1636 square feet, with an estimated 2026 value around $322,940.



Locations close to Lake Preston, SD

Marvin, SD61 $ / ft²
Milbank, SD58 $ / ft²
New Effington, SD59 $ / ft²
Lake Norden, SD127 $ / ft²
Lake City, SD51 $ / ft²
Labolt, SD148 $ / ft²




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