The story of this market
The typical home in ZIP 57040 sells for about $235,000, or $142 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $636 a month.
ZIP 57040 — Lesterville
The housing market in 57040 remains stable with modest year-over-year price appreciation and balanced inventory levels. Demand is supported by local employment stability, though higher interest rates have tempered the pace of sales compared to previous years.
This ZIP is well-suited for families and long-term residents seeking a stable, suburban-to-rural lifestyle with affordable housing options compared to larger metropolitan hubs.
Median prices moved up 3.2% year over year.
Homes spend a median of 48 days on market with 4.6 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 3.2% — 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 4.0%/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 4.3%/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 57040, Minnehaha County SD
Crime rates in the area remain low relative to state averages, with property crime being the primary concern. Local law enforcement reports stable trends over the last 24 months.
The area is served by local public schools that generally maintain average to above-average performance ratings compared to regional benchmarks.
The region faces moderate risk from severe thunderstorms and occasional high winds, with standard insurance coverage typically available for residential properties.
Economic momentum is driven by a mix of local agricultural support services and small-scale manufacturing, with steady but modest infrastructure investment.
Property taxes are assessed at the county level based on fair market value, with specific millage rates determined by local school district and municipal budget requirements.
Residents primarily rely on personal vehicles for commuting, with most employment centers accessible via regional highway corridors within a 30-45 minute drive.
The area features several community parks, local walking trails, and proximity to regional lakes that provide seasonal fishing and boating opportunities.
The rental market is characterized by low vacancy rates and steady demand, primarily driven by workforce housing needs and limited new multi-family construction.
The local economy is anchored by regional agricultural processing, healthcare services, and small-business retail, providing a stable employment base.
Transportation is dominated by highway access; public transit options are limited, necessitating vehicle ownership for most residents.
Development is focused on small-scale residential infill and minor commercial upgrades to existing business corridors.
The county appraisal district conducts annual assessments based on market sales data and property inspections to determine taxable value.
Parcels are subject to standard school district levies and county-wide emergency service district assessments.
Property insurance premiums are stable, reflecting the area's low-to-moderate risk profile for natural disasters.
Data retrieved from US Census Bureau ZCTA-level profiles.
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.
- Mead Museum4.613.8 mi
- Lewis & Clark Resort4.513.6 mi
- Weigand Marina4.415.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Central community green space with playground and picnic facilities.
Public boat launch and fishing area serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.