The story of this market
The typical home in ZIP 57475 sells for about $145,000, or $112 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 57475 — Tolstoy
The housing market in 57475 is characterized by low inventory and slow, steady price appreciation consistent with rural South Dakota trends. Limited sales volume and a lack of new construction keep the market stable, with demand primarily driven by local residents rather than outside investors.
This area is best suited for local families, retirees, and individuals seeking a quiet, low-cost rural lifestyle who are comfortable with limited immediate access to urban amenities.
Median prices moved up 2.4% year over year.
Homes spend a median of 84 days on market with 6.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 0.0% — 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 4.4%/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 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 57475, Walworth County SD
Crime rates in this rural South Dakota area are significantly lower than the national average, with property and violent crime incidents reported as rare.
The area is served by small, rural public school districts that maintain low student-to-teacher ratios but offer limited extracurricular variety compared to larger urban districts.
The region faces moderate risks from severe thunderstorms and winter weather, with standard insurance coverage generally available but subject to regional premium adjustments.
Economic momentum is primarily driven by local agriculture and small-scale service industries, with limited new commercial development or major infrastructure expansion.
Property taxes are assessed at the county level based on market value; South Dakota does not impose a state personal income tax, which benefits local residents.
Commutes are primarily by private vehicle, with most residents traveling to nearby small towns for employment; public transit options are not available.
Recreation is centered on outdoor activities including local parks, hunting, and fishing, with limited retail and dining options available within the immediate vicinity.
The rental market is characterized by low inventory and limited turnover, with most units consisting of single-family homes or small multi-family conversions.
The local economy is heavily reliant on the agricultural sector, small retail businesses, and public sector employment.
Transportation is entirely dependent on personal vehicles, with US Highway 12 serving as the primary regional corridor.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP code.
The Walworth County Director of Equalization manages property assessments, focusing on annual market value adjustments.
Parcels are subject to local school district taxes and county-level levies for emergency services and road maintenance.
Property insurance remains stable, though premiums are influenced by regional exposure to severe weather events.
The state experiences modest net domestic migration, with rural areas like this seeing stable or slightly declining population trends.
South Dakota is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property condition disclosure statement to buyers, covering known material defects.
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 gathering areas.
Major regional attraction for fishing, boating, and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.