The story of this market
The typical home in ZIP 57440 sells for about $82,000, or $65 per square foot.
Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $750 a month.
ZIP 57440 — Frankfort
The housing market in 57440 is characterized by very low inventory and minimal sales activity, typical of a small, stable rural community. Prices remain affordable and stagnant, reflecting a lack of speculative pressure or significant economic growth. The market is currently balanced by low demand and limited supply.
This ZIP is best suited for those seeking affordable, quiet rural living, specifically agricultural workers or retirees looking for low-cost housing.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 120 days on market with 12.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.9% · poverty 18.5% — 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 1.5%/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 2.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57440, Spink County SD
The area is served by rural district schools with limited public data available for specific performance ratings.
The region is subject to standard Midwestern weather risks including severe thunderstorms and winter weather; flood risk is generally low in this upland prairie geography.
The local economy is primarily driven by agriculture and small-scale local services with minimal new commercial development momentum.
Property taxes are assessed at the county level in Spink County based on local mill levies; there is no state personal income tax in South Dakota.
Commutes are primarily local within the Frankfort and Spink County area, with limited access to major transit corridors.
Recreation is centered on rural outdoor activities, open space, and local community parks within the small town setting.
The rental market is very thin with low turnover and limited institutional investor presence.
The economy is heavily reliant on the agricultural sector and local support services.
Transportation is entirely dependent on private vehicles with no public transit infrastructure.
There are no major commercial or residential developments currently approved or under construction.
Spink County assesses property based on market value with agricultural land receiving special valuation treatment.
Parcels are subject to local school district and county-wide tax levies.
Property insurance is generally available but premiums are influenced by regional exposure to severe weather events.
Data retrieved from US Census Bureau 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.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.