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Single Family ResidenceResidential
$295,568$290 / 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 76How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026

514 SW 2ND ST

MADISON, SD 57042
3
Beds
6
Baths
1,018 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.
0.21 ac
Lot SizeThe size of the land the home sits on, from county records.
1884
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

$296K
$225K low$366K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,519 (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.$88,000 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$12,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$75,900
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$88,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$88,000

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.0.21
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 · 0.9 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

514 Sw 2nd 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 78% of homes in Lake County
  • Smaller than 74% of homes in Lake County
  • Has a smaller lot than 72% of homes in Lake County
  • Among the oldest 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
$161K$607K

This home is worth more than 43% 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$295,568
CheaperTypical $304,763Pricier

Pricier than 43% of homes nearby

Price per ft²$290
CheaperTypical $235Pricier

Pricier than 71% of homes nearby

Living area1,018 ft²
SmallerTypical 1,272 ft²Bigger

Bigger than 27% of homes nearby

Lot size0.21 ac
SmallerTypical 0.28 acBigger

Bigger than 30% of homes nearby

Year built1884
OlderTypical 1962Newer

Older than almost all homes nearby

How 514 Sw 2nd St ranks against every home in each area.
MeasureThis homeMadison 57042Lake County
Estimated valuepricier than$295,56843% of homes44% of homes
Price per ft²pricier than$29071% of homes78% of homes
Living areabigger than1,018 ft²27% of homes26% of homes
Lot sizebigger than0.21 ac30% of homes28% of homes
Year builtnewer than1884almost no homesalmost no homes

About 514 Sw 2nd St

How much is 514 Sw 2nd St, Madison, SD worth?

The TopHap Estimate for 514 Sw 2nd St, Madison, SD is $295,568 as of Oct 21, 2026. The likely range is $224,807 to $366,329. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 514 Sw 2nd St, Madison, SD last sell?

514 Sw 2nd St, Madison, SD last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 514 Sw 2nd St, Madison, SD?

514 Sw 2nd St, Madison, SD has 3 bedrooms, 6 bathrooms, 1,018 square feet of living space and a 0.21-acre lot.

When was 514 Sw 2nd St, Madison, SD built?

514 Sw 2nd St, Madison, SD was built in 1884, making it 142 years old. The building has 1 story.

What schools serve 514 Sw 2nd St, Madison, SD?

514 Sw 2nd 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 514 Sw 2nd St, Madison, SD compare to other homes in Madison 57042?

Among the 3,358 homes in Madison 57042, it is worth more than 43% of them ($295,568 against a typical $304,763), its price per square foot is higher than 71% of them ($290 against a typical $235), it is bigger than 27% of them (1,018 ft² against a typical 1,272 ft²), its lot is bigger than 30% of them (0.21 ac against a typical 0.28 ac) and it is newer than almost none of them (1884 against a typical 1962). Measured against all of Lake County, it is worth more than 44% 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 514 Sw 2nd St, Madison, SD?

The 2026 property tax bill for 514 Sw 2nd St, Madison, SD was $1,519. The county assessed it at $88,000.

More homes on Sw 2nd St

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More homes in Madison 57042

Assigned schools

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