Lake Preston, SD
Population 539 · South Dakota
About Lake Preston, SD
Lake Preston is a small community in South Dakota with a population of 539 residents. The median household income is $60,917 per year, which is near the national average. The median age in Lake Preston is 50 years.
Housing in Lake Preston has a median home value of $139,100 and median monthly rent of $533. Of the 276 total housing units, the majority are owner-occupied, with 165 owner-occupied and 82 renter-occupied units.
The unemployment rate in Lake Preston is 0.4% and the poverty rate is 13.7%. 13.6% of residents hold a bachelor's degree or higher. The average commute time is 21 minutes.
How Lake Preston Ranks in South Dakota
Cost of Living in Lake Preston, SD
Compared to national averages, Lake Preston has a median household income of $60,917 (19% below the national median of $75,149). Home values average $139,100, which is 43% below the national median. Monthly rent at $533 is 54% below the US average of $1,163. Within South Dakota, Lake Preston's income is 6% below the state average of $64,650, and home values are 3% below the state median of $143,757.
Why Live in Lake Preston, SD?
Lake Preston offers affordable housing with a median home value of $139,100, below the US average of $244,900, and rent that’s lower than the national average at $533/month, and a strong job market with an unemployment rate of just 0.4%. Additionally, the city features short commute times averaging just 21 minutes.
Potential considerations include median household income ($60,917) that falls below the national average. However, Lake Preston’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Preston has a population of 539 with a median age of 50 years. Compare Lake Preston with other cities to see how it stacks up, or explore all cities in South Dakota.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake Preston
What is the population of Lake Preston, SD?
The population of Lake Preston, SD is 539 according to the latest Census data.
What is the median household income in Lake Preston?
The median household income in Lake Preston, SD is $60,917 per year.
What is the median home value in Lake Preston?
The median home value in Lake Preston, SD is $139,100.
What is the average rent in Lake Preston?
The median monthly rent in Lake Preston, SD is $533.
What is the unemployment rate in Lake Preston?
The unemployment rate in Lake Preston, SD is 0.4%.