HomeSouth DakotaHamlin CountyLake Norden city
Lake Norden city, South Dakota: commercial real estate data.
Lake Norden city is a Census city of 889 people across 0.87 square miles of land, in Hamlin County. Median household income is $75,688, 67.1 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $1.3 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lake Norden
What Lake Norden is
- Census place typecity
- Land area0.87 sq mi
- Water area0.05 sq mi
- Population per square mile of land1,019 plus or minus 251
- County holding the largest share of its areaHamlin County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Norden
How many people live in Lake Norden
- Population889 plus or minus 219
- Median age24.2
- Population under 18337 plus or minus 72
- Share under 1837.9 percent plus or minus 12.3
- Population 65 and over104 plus or minus 38
- Share 65 and over11.7 percent plus or minus 3.2
- Households283 plus or minus 61
- Family households200 plus or minus 60
- Share of households that are families70.7 percent plus or minus 14.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Norden
Income and work in Lake Norden
- Median household income$75,688
- Per capita income$29,104
- Civilian labor force383 plus or minus 91
- Employed383 plus or minus 91
- Unemployed0
- Unemployment rate0.0 percent
- Adults 25 and over409 plus or minus 97
- Adults 25 and over with a high school diploma or higher89.0 percent plus or minus 29.4
- Adults 25 and over with a bachelor degree or higher14.4 percent plus or minus 6.0
- Adults 25 and over with a graduate degree1.0 percent plus or minus 2.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Norden
Housing in Lake Norden
- Housing units303 plus or minus 62
- Occupied units283 plus or minus 61
- Vacant units20 plus or minus 19
- Vacancy rate6.6 percent plus or minus 6.1
- Owner occupied190 plus or minus 50
- Renter occupied93 plus or minus 44
- Ownership rate67.1 percent
- Median owner-occupied home value$192,600 plus or minus $46,575
- Median gross rent, monthly$1,089
- Annual rent as a share of median income17.3 percent
- Single family units256 plus or minus 65
- Share single family84.5 percent
- Units in buildings of two or more32 plus or minus 21
- Share in buildings of two or more10.6 percent plus or minus 6.4
- Mobile homes15 plus or minus 10
- Median year structure built1956
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Norden
How Lake Norden gets to work
- Workers 16 and over who commute373 plus or minus 93
- Commuting under 15 minutes216 plus or minus 74
- Share commuting under 15 minutes57.9 percent plus or minus 13.5
- Commuting 30 minutes or more140 plus or minus 47
- Share commuting 30 minutes or more37.5 percent plus or minus 8.4
- Drove alone64.9 percent
- Carpooled12.6 percent plus or minus 4.9
- Public transport0.0 percent
- Walked19.6 percent plus or minus 11.1
- Worked from home2.4 percent plus or minus 3.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Norden
SBA loans in Lake Norden (7(a))
- Approvals4
- Gross approval$1,290,800
- Average approval$322,700
- Median approval$540,000
- Ninetieth percentile approval$550,800
- Largest approval$550,800
- Jobs supported21
- Jobs per approval5.3
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lake Norden
SBA loans in Lake Norden (504)
- Approvals4
- Gross approval$2,145,000
- Average approval$536,250
- Median approval$666,000
- Largest approval$700,000
- Jobs supported15
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hamlin County, not Lake Norden
Hamlin County context, not Lake Norden figures
These are Hamlin County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lake Norden measurements.
- Establishments in Hamlin County213
- Employment at those establishments, Hamlin County1,725
- Covered employment, Hamlin County2,629
- Average annual pay, Hamlin County$55,544
- Average weekly wage, Hamlin County$1,068
- Housing units permitted, Hamlin County62
- Of those, single family, Hamlin County52
- County product, 2024, Hamlin County$424,773,000
- County product change over the prior year, Hamlin County6.5 percent
- Average income of an arriving household, Hamlin County$71,934
Every figure in this section is published for Hamlin County as a whole and is not a measurement of Lake Norden. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Lake Norden questions, answered from the record.
How many people live in Lake Norden, South Dakota?
889, in 283 households. Lake Norden city covers 0.87 square miles of land, which is 1,019 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lake Norden in?
Hamlin County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lake Norden?
$75,688. The median owner-occupied home is valued at $192,600. Median gross rent is $1,089 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lake Norden businesses?
4 7(a) approvals totalling $1.3 m, across 3 lenders, median approval $540,000, plus 4 504 approvals worth $2.1 m. These count approvals to borrowers whose address is in Lake Norden, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lake Norden borrowers get paid back?
No rate is published for Lake Norden. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Lake Norden figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Hamlin County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lake Norden.
Is zoning published for Lake Norden?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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