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Single Family ResidenceResidential
$244,045$282 / 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 80How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026

507 SW 1ST ST

MADISON, SD 57042
2
Beds
9
Baths
864 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.
0.16 ac
Lot SizeThe size of the land the home sits on, from county records.
1990
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$244K
$195K low$293K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,051 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$206,300 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$21,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$184,900
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$206,300

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyLake
Lot (acres)The size of the land the home sits on, from county records.0.16
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached

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

E
Madison Elementary - 07A
Elementary · Grades KG–5 · 0.9 mi
H
Madison High School - 01B-
High · Grades 9–12 · 1.2 mi
M
Madison Middle School - 02B+
Middle · Grades 6–8 · 1.2 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

507 Sw 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 96% of homes in Lake County
  • Smaller than 85% of homes in Madison 57042
  • Has a smaller lot than 84% of homes in Lake County
  • Newer than 73% 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
$119K$427K

This home is worth more than 60% 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$244,045
CheaperTypical $227,210Pricier

Pricier than 60% of homes nearby

Price per ft²$282
CheaperTypical $167Pricier

Pricier than 95% of homes nearby

Living area864 ft²
SmallerTypical 1,224 ft²Bigger

Bigger than 15% of homes nearby

Lot size0.16 ac
SmallerTypical 0.26 acBigger

Bigger than 19% of homes nearby

Year built1990
OlderTypical 1962Newer

Newer than 73% of homes nearby

How 507 Sw 1st St ranks against every home in each area.
MeasureThis homeMadison 57042Lake County
Estimated valuepricier than$244,04560% of homes54% of homes
Price per ft²pricier than$28295% of homes96% of homes
Living areabigger than864 ft²15% of homes16% of homes
Lot sizebigger than0.16 ac19% of homes16% of homes
Year builtnewer than199073% of homes68% of homes

About 507 Sw 1st St

How much is 507 Sw 1st St, Madison, SD worth?

The TopHap Estimate for 507 Sw 1st St, Madison, SD is $244,045 as of Aug 30, 2026. The likely range is $194,722 to $293,368. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 507 Sw 1st St, Madison, SD last sell?

507 Sw 1st St, Madison, SD last sold on Jul 9, 2004, according to the county's recorded deed.

How big is 507 Sw 1st St, Madison, SD?

507 Sw 1st St, Madison, SD has 2 bedrooms, 9 bathrooms, 864 square feet of living space and a 0.16-acre lot.

When was 507 Sw 1st St, Madison, SD built?

507 Sw 1st St, Madison, SD was built in 1990, making it 36 years old. The building has 1 story.

What schools serve 507 Sw 1st St, Madison, SD?

507 Sw 1st St, Madison, SD is assigned to Madison Elementary - 07 (elementary), rated A; 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 507 Sw 1st St, Madison, SD compare to other homes in Madison 57042?

Among the 3,357 homes in Madison 57042, it is worth more than 60% of them ($244,045 against a typical $227,210), its price per square foot is higher than 95% of them ($282 against a typical $167), it is bigger than 15% of them (864 ft² against a typical 1,224 ft²), its lot is bigger than 19% of them (0.16 ac against a typical 0.26 ac) and it is newer than 73% of them (1990 against a typical 1962). Measured against all of Lake County, it is worth more than 54% 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 507 Sw 1st St, Madison, SD?

The 2025 property tax bill for 507 Sw 1st St, Madison, SD was $3,051. The county assessed it at $206,300.

More homes on Sw 1st St

Closest homes

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Assigned schools

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