Lake Preston, SD Profile: Facts & Data

Lake Preston, South Dakota - Basic Facts

The City of Lake Preston had a population of 533 as of July 1, 2024.

The primary coordinate point for Lake Preston is located at latitude 44.3636 and longitude -97.3773 in Kingsbury County. The formal boundaries for the City of Lake Preston encompass a land area of 0.76 sq. miles and a water area of 0 sq. miles. Kingsbury County is in the Central time zone (GMT -6).

The City of Lake Preston 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.

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Lake Preston, SD Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	533 (100%)
Population in Households	518 (97.2%)
Population in Families	404 (75.8%)
Population in Group Quarters¹	15 ( 2.8%)
Population Density	702
Diversity Index²	14


INCOME
Median Household Income	$65,722
Average Household Income	$108,983
% of Income for Mortgage⁴	22%
Per Capita Income	$58,102
Wealth Index⁵	124
Socioeconomic Status Index⁶	Moderate (56.1)

HOUSING
Total HU (Housing Units)	331 (100%)
Owner Occupied HU	216 (65.3%)
Renter Occupied HU	68 (20.5%)
Vacant Housing Units	47 (14.2%)
Median Home Value	$226,667
Average Home Value	$317,361
Housing Affordability Index³	114

HOUSEHOLDS
Total Households	284
Average Household Size	1.82
Family Households	180
Average Family Size	2.00

HOUSING

Total HU (Housing Units)

331 (100%)

Owner Occupied HU

216 (65.3%)

Renter Occupied HU

68 (20.5%)

Vacant Housing Units

47 (14.2%)

Median Home Value

$226,667

Average Home Value

$317,361

Housing Affordability Index³

114

HOUSEHOLDS

Total Households

284

Average Household Size

1.82

Family Households

180

Average Family Size

2.00

NOTES

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.
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.
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.
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).
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-2.32%	-0.26%
Households	0.50%	-0.07%
Families		-1.25%
Median Household Income		5.65%
Per Capita Income		3.09%
Owner Occupied HU		1.44%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-2.32%

-0.26%

Households

0.50%

-0.07%

Families

-1.25%

Median Household Income

5.65%

Per Capita Income

3.09%

Owner Occupied HU

1.44%

Lake Preston, SD - Peer Comparisons by Rank and Percentile

The table below compares Lake Preston to the other 485 incorporated cities, towns and CDPs in South Dakota by rank and percentile using July 1, 2024 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	# 133	73rd
Population Density	# 140	71st
Median Household Income	# 288	41st
Housing Affordability Index	# 333	69th
Per Capita Income	# 37	93rd
Diversity Index	# 328	32nd

Variable Description

Rank

Percentile

Total Population

# 133

73rd

Population Density

# 140

71st

Median Household Income

# 288

41st

Housing Affordability Index

# 333

69th

Per Capita Income

# 37

93rd

Diversity Index

# 328

32nd

South Dakota Census Data Comparison Tool

Lake Preston, SD Profile: Facts & Data

Lake Preston, South Dakota - Basic Facts

Lake Preston, SD Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Preston, SD - Peer Comparisons by Rank and Percentile

Lake Preston, SD - Most Popular Things to Do

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