The story of this market
The typical home in ZIP 57273 sells for about $165,000, or $112 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $591 a month.
ZIP 57273 — Waubay
The Waubay housing market remains stable with low inventory and modest price appreciation. Activity is driven by local demand and the area's appeal as a recreational destination, though sales volume remains low due to the small population base.
This ZIP is ideal for retirees, outdoor enthusiasts, and families seeking a quiet, affordable rural lifestyle with strong community ties.
Median prices moved up 3.2% year over year.
Homes spend a median of 88 days on market with 6.5 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.9% · poverty 28.6% — 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 6.3%/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 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57273, Day County SD
Crime rates in Waubay are generally low, consistent with small-town South Dakota trends, and remain significantly below national averages.
The area is served by the Waubay School District, which provides a small-town educational environment with a focus on community-integrated learning.
The region faces moderate risks from severe thunderstorms and winter weather, with standard flood insurance recommended for properties near Waubay Lake.
Economic momentum is driven primarily by local agriculture, tourism related to outdoor recreation, and small-scale service businesses.
Property taxes are assessed at the county level in Day County, with rates determined by local school district levies and municipal requirements.
Commuting is primarily by private vehicle, with most residents traveling to nearby regional hubs like Watertown for employment.
The area is a destination for outdoor enthusiasts, featuring immediate access to Waubay Lake for fishing, boating, and proximity to the Waubay National Wildlife Refuge.
The rental market is limited in depth, characterized by low turnover and a high share of long-term, single-family rentals rather than multi-family complexes.
The local economy is anchored by agriculture, outdoor recreation, and local government services.
Transportation is entirely dependent on personal vehicles, with no public transit infrastructure available.
Development is limited to small-scale residential improvements and maintenance of existing infrastructure.
Day County utilizes a standard market-value assessment model for property taxation.
Parcels are subject to local school district taxes and county-wide emergency service levies.
Property insurance premiums are stable but reflect the regional risk of severe weather events.
Data retrieved from data.census.gov ZCTA profile 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.
A major regional destination for fishing and water sports.
Provides extensive trails and wildlife viewing opportunities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.