The story of this market
The typical home in ZIP 57047 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 $766 a month.
ZIP 57047 — Monroe
The housing market in 57047 remains stable with modest price appreciation driven by limited inventory and steady demand from local buyers. While sales volume is low, the market is supported by the area's affordability relative to the nearby Sioux Falls metro area.
This area is best suited for families and individuals seeking a quiet, rural lifestyle who are comfortable with a commute to larger employment hubs.
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 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.1% · poverty 15.8% — a mixed stability 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 4.5%/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 57047, Minnehaha County SD
Crime rates in the area are generally low and consistent with rural South Dakota trends, remaining well below national averages for violent and property crime.
Schools serving the area are part of smaller regional districts that generally maintain stable performance ratings and focus on community-based education.
The area faces standard regional risks including severe thunderstorms and winter weather, with flood risk primarily concentrated near local creek beds.
Economic momentum is driven by regional agricultural support, local services, and proximity to the Sioux Falls employment corridor.
Property taxes are assessed at the county level based on market value; South Dakota does not impose a state personal income tax.
Residents primarily commute by personal vehicle, with most employment access requiring a 20-30 minute drive toward the Sioux Falls metropolitan area.
Local amenities include small community parks, access to regional hunting and fishing grounds, and basic retail services within the immediate vicinity.
The rental market is characterized by low inventory and high demand for single-family homes, with limited multi-family options available.
The economy is anchored by agriculture, local government, and small-scale retail, with many residents employed in the nearby Sioux Falls labor market.
Transportation is almost exclusively reliant on private vehicles, with access to major regional highways connecting to the broader Sioux Falls area.
Development is primarily focused on low-density residential expansion and maintaining existing agricultural land use.
The county assessor maintains property values based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to local school district levies and county-wide emergency service assessments.
Property insurance premiums are influenced by regional weather patterns, specifically wind and hail risk common to the Great Plains.
Data retrieved from data.census.gov ZCTA-level tables.
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.
- Big J's Roadhouse4.511 mi
- Porter Sculpture Park4.710.3 mi
- Porter Sculpture Park4.710.3 mi
- Lake Vermillion State Recreation Area4.65.6 mi
- Porter Sculpture Park4.710.3 mi
- Sioux Falls Regional Airport4.324 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 recreational space and playground facilities for residents.
Accessible areas for hunting, fishing, and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.