What percentage of people rent in Lake Preston, SD?

Name: Renters and owners in Lake Preston, SD, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

38.3% (±10.8 points) of the occupied homes in Lake Preston, SD are rented (2020–2024 American Community Survey).

That is 103 renting households against 166 that own their home.

In Lake Preston, the share of households that rent went from 31.3% in 2015–2019 to 38.3% in 2020–2024 (+7.0 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 38.3% (±10.8 points)
Renting households: 103 (±41)
Median renter income: $22,917 (±$8,140)

Who rents and who owns in Lake Preston

Tenure, estimate (90% margin of error)
	Lake Preston	Kingsbury County	South Dakota	United States
Renter-occupied share	38.3% (±10.8 points)	17.9% (±3.0 points)	31.4% (±0.5 points)	34.8%
Renting households	103 (±41)	379 (±67)	114,923 (±1,973)	45,017,354
Owning households	166 (±41)	1,733 (±82)	250,621 (±2,208)	84,210,142
Average renter household size	1.5 (±0.3)	1.9 (±0.2)	2.1 (±0.0)	2.3
Average owner household size	2.5 (±0.4)	2.5 (±0.1)	2.5 (±0.0)	2.6
Median renter household income	$22,917 (±$8,140)	$32,250 (±$9,037)	$45,599 (±$1,257)	$52,966
Median owner household income	$65,000 (±$25,373)	$88,594 (±$4,324)	$92,702 (±$1,158)	$100,009

In Lake Preston, the renter share is higher than in Kingsbury County (17.9%).

It is not measurably different from South Dakota (31.4%).

It is not measurably different from the national figure (34.8%).

In Kingsbury County, Lake Preston ranks 2 of 22 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 159 of 1,152.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Lake Preston has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	31.3% (±9.7 points)	38.3% (±10.8 points)	+7.0 percentage points	Not a measurable change
Median gross rent	$440 (±$32)	$615 (±$109)	+39.8%	No measurable change after inflation
Median household income	$55,417 (±$9,060)	$52,396 (±$16,187)	−5.5%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Lake Preston

Nearest places with a published estimate, compared with Lake Preston
Place	Distance	Households that rent	Compared with this place
Lake Preston	—	38.3% (±10.8 points)	—
Baker Township (Kingsbury County)	1.5 mi	1.3% (±2.5 points)	Lower
Hetland	7.1 mi	0.0% (±98.3 points)	Not measurably different
De Smet Township	7.4 mi	10.8% (±11.2 points)	Lower
Whitewood Township	7.8 mi	4.5% (±8.0 points)	Lower
De Smet	8.7 mi	14.8% (±4.3 points)	Lower
Denver Township	8.9 mi	0.0% (±30.9 points)	Lower
Hartland Township (Kingsbury County)	9.1 mi	19.0% (±25.8 points)	Not measurably different
Erwin	9.3 mi	0.0% (±55.5 points)	Not measurably different

Nearby places with a measurably lower figure: Baker Township (Kingsbury County), SD (1.3%), De Smet Township, SD (10.8%), Whitewood Township, SD (4.5%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Kingsbury County, place by place

Rank	Place	Households that rent
1	Iroquois Township	58.8% (±35.7 points)
2	Lake Preston	38.3% (±10.8 points)
3	Esmond Township	33.3% (±41.3 points)
4	Arlington	29.8% (±7.9 points)
5	Bancroft	25.0% (±40.6 points)
6	Iroquois	20.1% (±10.6 points)
7	Hartland Township (Kingsbury County)	19.0% (±25.8 points)
8	De Smet	14.8% (±4.3 points)

Showing 8 of 22 places in Kingsbury County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lake Preston

How many renters are there in Lake Preston?

Lake Preston has an estimated 103 (±41) renting households, 38.3% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Lake Preston?

In Lake Preston, the share of households that rent went from 31.3% in 2015–2019 to 38.3% in 2020–2024 (+7.0 percentage points), not a measurable change.

How big are renting households in Lake Preston?

A renting household in Lake Preston has 1.5 people on average, against 2.5 in an owned home.

How much do renters earn in Lake Preston?

The median renting household in Lake Preston, SD has an income of $22,917 (±$8,140) a year, against $65,000 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lake Preston city, South Dakota (place:35500, in state:46).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.