The story of this market
The typical home in ZIP 57560 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 $213 a month.
ZIP 57560 — Norris
The housing market in Pierre is characterized by stability, with modest price appreciation and low inventory levels. The market is driven by a consistent demand from local government and healthcare professionals, keeping the pace of sales steady despite broader national cooling trends.
This area is well-suited for families and government professionals seeking a stable, small-town environment with access to outdoor recreation. It is less attractive to investors seeking high-velocity appreciation or urban-density seekers.
Median prices moved up 3.2% year over year.
Homes spend a median of 68 days on market with 3.8 months of supply — a balanced-paced market.
12% 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 53.0% · poverty 70.4% — elevated distress and economic pressure.
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 4.8%/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 57560, Pierre, South Dakota
Crime rates in Pierre remain low relative to national averages, with property crime being the primary concern. Local law enforcement reports stable trends consistent with regional patterns in South Dakota.
The Pierre School District is the primary provider, generally regarded as providing stable, community-focused education with consistent performance metrics.
The area faces moderate risks related to severe weather, including high winds and occasional flooding near the Missouri River. Insurance markets remain stable but are sensitive to regional climate-related loss trends.
Economic momentum is anchored by the state capital's government sector, providing a stable employment base. Infrastructure development is focused on maintaining regional connectivity and supporting local commercial expansion.
Property taxes are assessed at the county level by Hughes County based on market value. South Dakota does not impose a state personal income tax, which influences the overall tax burden for residents.
Commutes are generally short due to the city's compact size and role as a regional employment hub. Most residents rely on personal vehicles for travel within the city and to surrounding areas.
The area features extensive access to the Missouri River for boating and fishing, along with numerous local parks and trails. Shopping and dining are concentrated in the downtown and highway corridor areas.
The rental market is characterized by low vacancy rates and steady demand from government employees and service workers. Short-term rental presence is limited but growing near recreational corridors.
The economy is heavily reliant on state government operations, education, and healthcare. These sectors provide a stable, recession-resistant employment base for the region.
Transportation is primarily highway-based, with US-14 and US-83 serving as the main arteries. Public transit options are limited, reflecting the city's size.
Development is focused on modest residential growth and the maintenance of existing infrastructure. No large-scale commercial mega-projects are currently reported.
The Hughes County Director of Equalization manages property assessments, focusing on annual market value adjustments.
Parcels are subject to standard municipal and county tax levies, with no significant MUD or PID presence reported.
Property insurance premiums are influenced by regional weather patterns, specifically wind and hail risk. Market health is stable with multiple national carriers active.
South Dakota has experienced modest net domestic migration gains, though Pierre's specific population growth remains flat.
South Dakota is a non-judicial foreclosure state, allowing for a streamlined process for lenders.
Sellers are required to provide a property condition disclosure statement to buyers, covering known material defects.
Data retrieved from Census Bureau ZCTA-level tables and World Population Review.
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.
Major hydroelectric facility and recreational hub on the Missouri River.
Popular riverfront park with walking trails and picnic areas.
Historic government building and major tourist attraction.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.