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CondominiumResidential
$345,016$332 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 74How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

408 NW 1ST ST

MADISON, SD 57042
3
Beds
9
Baths
1,040 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
2,812 ft²
Lot SizeThe size of the land the home sits on, from county records.
1983
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$345K
$254K low$436K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,187 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$184,600 (2026)
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$184,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$184,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$184,600

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.24
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
57
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
42
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
19
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.0.2 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyLAKE
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Madison Elementary - 07B
Elementary · Grades KG–5 · 0.7 mi
H
Madison High School - 01B-
High · Grades 9–12 · 1.0 mi
M
Madison Middle School - 02B-
Middle · Grades 6–8 · 1.0 mi

District: Madison Central School District 39-2

Neighborhood · ZIP 57042These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.125
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.92
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.23

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.84%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.28%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.10%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.5%
PopulationHow many people live in this area.7,821
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.40 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$72,886
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$87,201
Average tempThe average temperature here across a full year.44°F
Annual precipHow much rain and melted snow falls here in a typical year.25 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.63%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

408 Nw 1st St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Costs more per square foot than 72% of homes in Lake County
  • Smaller than 72% of homes in Lake County
  • Among the smallest lots in Madison 57042
  • Newer than 69% of homes in Madison 57042

What homes are worth in Madison 57042

Each bar is how many homes fall in that price range. The marker is this home.

This home
$213K$610K

This home is worth more than 48% of homes in Madison 57042.

How it measures up in Madison 57042

The dot is this home. The mark in the middle is the typical home in Madison 57042.

Estimated value$345,016
CheaperTypical $355,036Pricier

Pricier than 48% of homes nearby

Price per ft²$332
CheaperTypical $278Pricier

Pricier than 70% of homes nearby

Living area1,040 ft²
SmallerTypical 1,274 ft²Bigger

Bigger than 30% of homes nearby

Lot size2,812 ft²
SmallerTypical 0.28 acBigger

Smaller than almost all homes nearby

Year built1983
OlderTypical 1962Newer

Newer than 69% of homes nearby

How 408 Nw 1st St ranks against every home in each area.
MeasureThis homeMadison 57042Lake County
Estimated valuepricier than$345,01648% of homes47% of homes
Price per ft²pricier than$33270% of homes72% of homes
Living areabigger than1,040 ft²30% of homes28% of homes
Lot sizebigger than2,812 ft²almost no homesalmost no homes
Year builtnewer than198369% of homes61% of homes

About 408 Nw 1st St

How much is 408 Nw 1st St, Madison, SD worth?

The TopHap Estimate for 408 Nw 1st St, Madison, SD is $345,016 as of Sep 24, 2026. The likely range is $253,828 to $436,204. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 408 Nw 1st St, Madison, SD last sell?

408 Nw 1st St, Madison, SD last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 408 Nw 1st St, Madison, SD?

408 Nw 1st St, Madison, SD has 3 bedrooms, 9 bathrooms and 1,040 square feet of living space.

When was 408 Nw 1st St, Madison, SD built?

408 Nw 1st St, Madison, SD was built in 1983, making it 43 years old. It is a condo/apartment home. The building has 1 story.

What schools serve 408 Nw 1st St, Madison, SD?

408 Nw 1st St, Madison, SD is assigned to Madison Elementary - 07 (elementary), rated B; Madison High School - 01 (high), rated B-; Madison Middle School - 02 (middle), rated B-. All sit in Madison Central School District 39-2. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 408 Nw 1st St, Madison, SD compare to other homes in Madison 57042?

Among the 3,358 homes in Madison 57042, it is worth more than 48% of them ($345,016 against a typical $355,036), its price per square foot is higher than 70% of them ($332 against a typical $278), it is bigger than 30% of them (1,040 ft² against a typical 1,274 ft²), its lot is bigger than almost none of them (2,812 ft² against a typical 0.28 ac) and it is newer than 69% of them (1983 against a typical 1962). Measured against all of Lake County, it is worth more than 47% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 408 Nw 1st St, Madison, SD?

The 2026 property tax bill for 408 Nw 1st St, Madison, SD was $3,187. The county assessed it at $184,600.

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