browse list of realtors working in Lake County
Lake county has 1 usdaproperties.com realtor ready to help with your search!
August 2024 Featured Agent | |
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Todd Nelson | from Harr |
There are 214 USDA backed residential loans in Lake county with an average loan balance of $93,919. Over 84% of the loans helped first time home buyers. Borrowers were an average age of 35 years old. The typical appraised home value was around $99,780. On average the rural home size purchased with this loan was approximately 1,273 SqFt. Alternate income limits exist to determine loan eligibility in Lake county. For a household of upto 4 people the income limit is $91,050. For a household of between 5 and 8 people the income limit increases to $120,200.
The size of Lake County is roughly 1,488 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Lake County is 6. Look below for the interactive county level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Lake County, SD
* cities most likely to have USDA loan eligible properties for sale.
*Brant Lake • Chautauqua • *Chester • Franklin • Junius • *Lake Madison • *Madison • *Nunda • Orland • Peninsula Park • Prairie Village • *Ramona • Rutland • Smiths Park • *Wentworth • *Winfred
A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties. USDAProperties can help you find USDA properties in Lake County.
Lake County is situated in the great state of South Dakota and was officially established on July 3, 1873. Named after the abundant lakes in the area, Lake County is part of the Sioux Falls metropolitan area. The Dakota, Nakota, and Lakota tribes initially occupied this region, and explorers like Lewis and Clark recorded their travels through the area in the early 19th century.
During the late 19th century, European-American settlers arrived in Lake County, enticed by the fertile lands and potential for agricultural development. Madison, the largest city in Lake County, was founded in 1880 and serves as the county seat. Its development was fueled considerably by the arrival of the Chicago, Milwaukee, and St. Paul Railroad, which connected Madison and the surrounding area to major trade and transportation networks.
Agriculture remains the primary industry in Lake County, with corn, soybeans, and livestock being the significant agricultural products. Over the years, the county has also seen growth in education, recreation, and commerce.
One fun fact about Lake County is that it is home to the restored Prairie Village, a historical attraction that reflects life in the early 1900s. Situated near Madison, Prairie Village features a variety of historic buildings and artifacts, including an old-fashioned steam carousel, which is one of only three steam carousels left in the world. This living history museum enables visitors to experience the region's heritage and appreciate the preservation of its rich past.