The story of this market
The typical home in ZIP 57301 sells for about $279,400, or $171 per square foot.
Prices are down 9.84% from a year ago, which gives buyers more room to negotiate. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $857 a month.
This ZIP has no home sales of its own, so its market figures come from Mitchell, South Dakota (city-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 57301 — Mitchell
The Mitchell housing market is currently experiencing a period of price adjustment with increased inventory levels compared to the previous year. While median listing prices have softened, the market remains stable, supported by consistent local demand and a relatively affordable cost of living. Buyers are finding more options, though sellers are adjusting expectations to align with current market conditions.
This ZIP is well-suited for families and long-term residents seeking an affordable, small-city lifestyle with access to essential services and a strong sense of community.
Median prices moved down 9.8% year over year.
Homes spend a median of 40 days on market with 4.2 months of supply — a fast-moving market.
12% 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 1.1% · poverty 11.9% — 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 8.2%/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 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57301, Davison County SD
Crime rates in Mitchell are generally lower than the national average, with property crime being the most frequently reported offense in the area.
The Mitchell School District 17-2 serves the area, with schools generally maintaining average state performance ratings and stable student-to-teacher ratios.
The region faces moderate risks from severe thunderstorms and occasional high winds, with standard flood insurance requirements for properties located in designated floodplain areas near the James River.
Economic momentum is driven by the agricultural sector, education, and local manufacturing, with ongoing infrastructure maintenance and small-scale commercial development in the city center.
Property taxes are assessed by Davison County based on market value; the rate is determined by local mill levies which include school district, city, and county components.
Most residents enjoy short commute times, typically under 15 minutes, due to the city's compact layout and minimal traffic congestion.
The area features the iconic Corn Palace, Lake Mitchell for water recreation, and several municipal parks including Hitchcock Park, providing ample outdoor and community space.
The rental market is characterized by steady demand from students and local workers, with moderate vacancy rates and stable rent growth.
The economy is anchored by agriculture, healthcare, and education, with Dakota Wesleyan University serving as a major local employer.
The city is served by major highway corridors including I-90, facilitating regional transit and logistics.
Development is focused on infill housing and small-scale commercial expansion within existing city limits.
Davison County utilizes a mass appraisal system to determine property values for tax purposes, updated annually.
Parcels are subject to Mitchell School District 17-2 levies and various municipal utility districts.
Property insurance premiums are influenced by regional weather patterns, specifically wind and hail risk common in South Dakota.
Data retrieved from US Census Bureau QuickFacts and ACS profiles.
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 world-famous multi-purpose arena and tourist attraction.
Provides fishing, boating, and recreational trails.
Features sports fields and picnic areas for community use.
Deterministic aggregate of 2 researched properties in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
1 county-record distress flag(s) across 2 researched properties on the ARED base layer. Key-figure check: median price diverges 15.3% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $275,000 could not be independently corroborated and was removed pending review (no prior-cycle value to revert to); the case is under review in the Command Center.