The story of this market
The typical home in ZIP 57451 sells for about $165,000, or $98 per square foot.
Prices are up +3.1% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,213 a month.
ZIP 57451 — Ipswich
The housing market in 57451 is characterized by low inventory and slow, steady price appreciation consistent with rural South Dakota trends. Market activity remains limited due to the small population base and lack of new construction, resulting in a stable but quiet environment for buyers and sellers.
This ZIP is best suited for families and individuals seeking a quiet, affordable, small-town lifestyle, as well as those employed in the local agricultural sector.
Median prices moved up 3.1% year over year.
Homes spend a median of 112 days on market with 7.0 months of supply — a slower-moving market.
7% 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 0.8% · poverty 7.4% — 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 4.1%/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 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57451, South Dakota
Crime rates in this rural South Dakota area are significantly lower than the national average, with property and violent crime incidents being rare.
The area is served by the Ipswich School District, which maintains a small-town educational environment with generally positive community support and student-to-teacher ratios.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with flood risk primarily concentrated near local creek beds.
The local economy is heavily anchored by agriculture and regional services, with limited new commercial development and a stable, slow-growth economic profile.
Property taxes are assessed at the county level by McPherson and Edmunds counties, with rates determined by local school district levies and municipal requirements; no state income tax applies.
Commutes are primarily local or involve travel to nearby regional hubs like Aberdeen, with most residents relying on personal vehicles for transit.
Local amenities include community parks, nearby hunting and fishing opportunities, and basic local dining and shopping options within the town center.
The rental market is characterized by low inventory and high demand for affordable housing, with limited turnover and few short-term rental listings.
The economy is driven by agricultural production, local government services, and small-scale retail, with Aberdeen serving as the primary regional employment hub.
Transportation is dominated by private vehicle use on state highways; there is no public transit infrastructure.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP.
Not applicable for ZIP level.
Parcels are subject to local school district levies and county-wide emergency service and road maintenance districts.
Property insurance premiums are generally stable, though coverage for wind and hail damage is a standard consideration for homeowners in this region.
Not applicable for ZIP level.
Not applicable for ZIP level.
Not applicable for ZIP level.
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.
Provides local green space and community recreational facilities.
Central community gathering space for local events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.