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Single Family ResidenceResidential
$126,757$109 / 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 78How 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

516 SW 2ND ST

MADISON, SD 57042
5
Beds
9
Baths
1,160 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.
0.32 ac
Lot SizeThe size of the land the home sits on, from county records.
1919
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
3
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$127K
$99K low$155K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,129 (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.$138,100 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$22,200
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$115,900
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$138,100

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.0.32
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached

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 · 1.3 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

516 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.

  • Worth less than 97% of homes in Madison 57042
  • Costs less per square foot than 90% of homes in Madison 57042
  • Older than 75% of homes in Lake County

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$406K

This home is worth more than 3% 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$126,757
CheaperTypical $227,064Pricier

Pricier than 3% of homes nearby

Price per ft²$109
CheaperTypical $167Pricier

Pricier than 10% of homes nearby

Living area1,160 ft²
SmallerTypical 1,228 ft²Bigger

Bigger than 43% of homes nearby

Lot size0.32 ac
SmallerTypical 0.26 acBigger

Bigger than 64% of homes nearby

Year built1919
OlderTypical 1961Newer

Newer than 27% of homes nearby

How 516 Sw 2nd St ranks against every home in each area.
MeasureThis homeMadison 57042Lake County
Estimated valuepricier than$126,7573% of homes6% of homes
Price per ft²pricier than$10910% of homes10% of homes
Living areabigger than1,160 ft²43% of homes41% of homes
Lot sizebigger than0.32 ac64% of homes53% of homes
Year builtnewer than191927% of homes25% of homes

About 516 Sw 2nd St

How much is 516 Sw 2nd St, Madison, SD worth?

The TopHap Estimate for 516 Sw 2nd St, Madison, SD is $126,757 as of Aug 30, 2026. The likely range is $98,872 to $154,642. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 516 Sw 2nd St, Madison, SD last sell?

516 Sw 2nd St, Madison, SD last sold on Jun 7, 2017, according to the county's recorded deed.

How big is 516 Sw 2nd St, Madison, SD?

516 Sw 2nd St, Madison, SD has 5 bedrooms, 9 bathrooms, 1,160 square feet of living space and a 0.32-acre lot.

When was 516 Sw 2nd St, Madison, SD built?

516 Sw 2nd St, Madison, SD was built in 1919, making it 107 years old. The building has 1 story.

What schools serve 516 Sw 2nd St, Madison, SD?

516 Sw 2nd 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 516 Sw 2nd St, Madison, SD compare to other homes in Madison 57042?

Among the 3,357 homes in Madison 57042, it is worth more than 3% of them ($126,757 against a typical $227,064), its price per square foot is higher than 10% of them ($109 against a typical $167), it is bigger than 43% of them (1,160 ft² against a typical 1,228 ft²), its lot is bigger than 64% of them (0.32 ac against a typical 0.26 ac) and it is newer than 27% of them (1919 against a typical 1961). Measured against all of Lake County, it is worth more than 6% 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 516 Sw 2nd St, Madison, SD?

The 2025 property tax bill for 516 Sw 2nd St, Madison, SD was $2,129. The county assessed it at $138,100.

More homes on Sw 2nd St

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Assigned schools

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