The story of this market
The typical home in ZIP 57031 sells for about $245,000, or $142 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $602 a month.
ZIP 57031 — Irene
The housing market in 57031 remains stable with modest price appreciation and low inventory levels. Demand is driven by local residents and those seeking a rural lifestyle, though limited supply keeps sales volume low. Market conditions are expected to remain consistent with regional trends.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing options and a strong sense of community.
Median prices moved up 3.2% year over year.
Homes spend a median of 68 days on market with 4.1 months of supply — a balanced-paced market.
18% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 5.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 57031, Minnehaha County SD
Crime rates in this rural South Dakota area remain significantly lower than national averages, with property crime being the primary concern.
Schools serving this area are generally characterized as small, community-focused institutions with stable performance ratings.
The area faces moderate risks from severe thunderstorms and winter weather, with standard insurance coverage typically available.
Economic momentum is driven by local agricultural operations and small-scale service industries, with limited large-scale commercial development.
Property taxes are assessed at the county level based on market value, with agricultural land often qualifying for special valuation exemptions.
Commutes are primarily car-dependent, with residents traveling to nearby regional hubs for employment via state highways.
Local recreation centers on outdoor activities, including access to nearby public lands, fishing spots, and community parks.
The rental market is characterized by low turnover and limited inventory, with most units being single-family homes or small multi-family properties.
The local economy is heavily reliant on agriculture and regional logistics, with most employment centered in nearby larger cities.
Public transit is not available; residents rely entirely on personal vehicles for transportation.
Development is limited to small-scale residential infill and minor commercial improvements.
The county appraisal district conducts annual assessments based on market sales data and property inspections.
Parcels are subject to standard school district and county-level property tax levies.
Property insurance premiums are stable, reflecting the low-risk profile for natural disasters compared to coastal regions.
Net domestic migration is stable, with modest growth driven by individuals seeking lower costs of living.
South Dakota follows a non-judicial foreclosure process with specific notice requirements for borrowers.
Sellers are required to provide a property condition disclosure statement covering known material defects.
Data retrieved from data.census.gov using ZCTA 57031 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- DakotaDome4.614.7 mi
- Dakota Brick House4.514.8 mi
- Riverside Park4.710.1 mi
- Spirit Mound State Historic Prairie4.711.9 mi
- Clay County Park4.611.9 mi
- Sertoma Park4.49.3 mi
- Yankton Bowl4.210.6 mi
- National Music Museum4.615 mi
- Mead Museum4.611 mi
- Riverside Park4.710.1 mi
- Spirit Mound State Historic Prairie4.711.9 mi
- Clay County Park4.611.9 mi
- Sertoma Park4.49.3 mi
- Yankton Summit Activities Center4.511.2 mi
- Lewis & Clark Resort4.515.6 mi
- Weigand Marina4.419.9 mi
- The Boat House - Yankton4.710.1 mi
- Hy-Vee Grocery Store4.410.4 mi
- Bomgaars4.510.4 mi
- Yankton Mall2.810.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides basic playground and picnic facilities for residents.
Offers hiking and bird-watching opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.