HomeSouth DakotaHamlin CountyLake Norden
Lake Norden, South Dakota: commercial real estate data.
Lake Norden 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 since FY2020.
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$320,000
- 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
Counted by borrower city: approvals to borrowers whose address is in Lake Norden, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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$617,500
- Largest approval$700,000
- Jobs supported15
- Loans with a final outcome1
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Lake Norden, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Lake Norden
Flood risk in Lake Norden
- NFIP communityCity of Lake Norden
- NFIP community number460124
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/12/24
The City of Lake Norden participates in the National Flood Insurance Program as community 460124 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Hamlin County, not Lake Norden
Hamlin County context, not Lake Norden figures
- Establishments in Hamlin County213
- Covered employment, Hamlin County2,629
- Average annual pay, Hamlin County$55,544
- Housing units permitted, Hamlin County62
Every figure in this section is published for Hamlin County as a whole and is not a measurement of Lake Norden.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $1.3 m since FY2020, across 3 lenders, median approval $320,000, plus 4 504 approvals worth $2.1 m since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Lake Norden in the National Flood Insurance Program?
Yes. Lake Norden appears in the FEMA Community Status Book as Lake Norden, city of, community 460124, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Lake Norden figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.
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