Lake Norden, SD Profile: Facts & Data

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Lake Norden, South Dakota - Basic Facts

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The City of Lake Norden had a population of 535 as of July 1, 2021. Lake Norden ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in South Dakota. See peer rankings below.

The primary coordinate point for Lake Norden is located at latitude 44.5805 and longitude -97.2092 in Hamlin County. The formal boundaries for the City of Lake Norden encompass a land area of 0.86 sq. miles and a water area of 0.05 sq. miles. Hamlin County is in the Central time zone (GMT -6). The elevation is 1,690 feet.

The City of Lake Norden has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.


Jump to... (On This Page!)
  1. Lake Norden 2021 Demographic Data
  2. Growth Rates for Lake Norden (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. South Dakota Research Tools (Easy Tools & Current Data)
  3. South Dakota Data Comparison Tool - 2021 Demographics
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Lake Norden, SD Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 535 (100%)
Population in Households 512 (95.7%)
Population in Families 435 (81.3%)
Population in Group Quarters1 23 ( 4.3%)
Population Density 625
Diversity Index2 27
 
 

INCOME

Median Household Income $61,239
Average Household Income $76,941
% of Income for Mortgage4 11%
Per Capita Income $27,056
Wealth Index5 76
 

HOUSING

Total HU (Housing Units) 219 (100%)
Owner Occupied HU 163 (74.4%)
Renter Occupied HU 37 (16.9%)
Vacant Housing Units 19 ( 8.7%)
Median Home Value $157,500
Average Home Value $209,356
Housing Affordability Index3 238
 

HOUSEHOLDS

Total Households 200
Average Household Size 2.56
Family Households 132
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2021 2021-2026
Population 1.22% 0.66%
Households 1.19% 0.59%
Families 1.97% 0.45%
Median Household Income   0.46%
Per Capita Income   1.47%
Owner Occupied HU   0.73%

Lake Norden, SD - Peer Comparisons by Rank and Percentile

The table below compares Lake Norden to the other 393 incorporated cities, towns and CDPs in South Dakota by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 141 64th
Population Density # 162 59th
Median Household Income # 188 52nd
Housing Affordability Index # 282 72nd
Per Capita Income # 292 26th
Diversity Index # 96 76th

Additional comparisons and rankings can be made with a VERY EASY TO USE South Dakota Census Data Comparison Tool.

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