The story of this market
The typical home in ZIP 57312 sells for about $185,000, or $112 per square foot.
Prices are up +2.8% 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 $925 a month.
ZIP 57312 — Alpena
The housing market in 57312 remains stable with low inventory and modest price appreciation consistent with rural South Dakota trends. Limited sales volume and a lack of new construction keep the market quiet, with demand primarily driven by local residents and agricultural workers. Affordability remains a key feature, though the limited supply of available homes continues to constrain market activity.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with a low cost of living, or those employed in the local agricultural industry.
Median prices moved up 2.8% year over year.
Homes spend a median of 84 days on market with 6.0 months of supply — a balanced-paced market.
8% 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 12.1% — 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 5.4%/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 5.4%/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 57312, Jerauld County SD
Crime rates in Alpena are significantly lower than the national average, with the area experiencing very few reported violent or property crimes annually.
The area is served by the Sanborn Central School District, which provides a small-town educational environment with a focus on community-based learning.
The region faces moderate risks from severe thunderstorms and winter weather, with standard flood risks primarily confined to low-lying areas near local creeks.
Economic momentum is driven primarily by the agricultural sector and local small businesses, with limited large-scale industrial development in the immediate vicinity.
Property taxes are assessed at the county level in Jerauld County, with rates determined by local school district levies and municipal requirements; South Dakota has no state income tax.
Commuting is primarily by private vehicle, with residents typically traveling to nearby towns like Wessington Springs or Huron for employment and services.
Local recreation centers on outdoor activities including hunting, fishing, and community park facilities, with limited commercial shopping options within the immediate ZIP.
The rental market is characterized by low inventory and high demand for affordable housing, with few multi-family developments available.
The economy is heavily reliant on agriculture, including crop production and livestock, which serves as the primary industry for the surrounding Jerauld County region.
Transportation is entirely dependent on personal vehicles, with no public transit infrastructure available in this rural area.
There are no major commercial or residential developments currently approved or under construction in the 57312 ZIP code.
Jerauld County utilizes a standard market-value assessment system for property taxation, with annual adjustments based on sales data.
Parcels are subject to school district taxes and county-wide levies for emergency services and road maintenance.
Property insurance premiums are generally stable, though coverage for wind and hail damage is a standard consideration for homeowners in this region.
South Dakota has experienced modest net domestic migration gains, primarily driven by individuals seeking lower costs of living and rural environments.
South Dakota is a non-judicial foreclosure state, allowing for a streamlined process for lenders, though timelines are influenced by statutory notice requirements.
Sellers are required to provide a property condition disclosure statement to buyers, detailing known material defects in the home.
Data retrieved from data.census.gov using ZCTA 57312 profile.
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 park providing green space and playground facilities.
Hosts local community events and agricultural gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.