Home Insurance in Lake Preston, South Dakota
With a median home value of $130,000, Lake Preston is 23% lower than the Kingsbury County median.
The typical home in Lake Preston was built around 1965. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 44% of homes were built before 1960, in line with Kingsbury County (44%).
Housing in Lake Preston breaks down to 69% single-family homes, 25% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Lake Preston, about 45% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Lake Preston has an owner-occupancy rate of 62% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
Most homes in Lake Preston - 59% - are primarily heated with natural gas.
Kingsbury County's top FEMA-rated hazard is hail (Relatively Low), per FEMA's National Risk Index. Kingsbury County had 12 active NFIP flood policies as of September 2026. See the full Kingsbury County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in South Dakota carries a statewide average premium of $1,614 per year.
Key figures
| Median home value | $130,000 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 62% |
| Share of owner-occupied homes with a mortgage | 45% |
| Top county hazard | Hail (Relatively Low) |
| Active NFIP policies in Kingsbury County | 12 |
| Home insurance premium | $1,614 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)