The story of this market
The typical home in ZIP 57359 sells for about $185,000, or $112 per square foot.
Prices are up +3.2% 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 $764 a month.
ZIP 57359 — Letcher
The housing market in 57359 is characterized by low inventory and slow, steady price appreciation consistent with rural South Dakota trends. Demand remains modest, driven by local residents, while limited supply keeps the market balanced. The area remains an affordable option for those seeking a rural lifestyle.
This ZIP is best suited for families and individuals seeking a quiet, affordable rural lifestyle with low cost-of-living and strong community ties.
Median prices moved up 3.2% 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 0.6% · poverty 8.3% — 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 57359, Jerauld County SD
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 local public school districts that provide standard K-12 education with small class sizes typical of rural South Dakota.
The region faces moderate risks from severe thunderstorms and winter weather, with standard insurance coverage available for residential properties.
Economic momentum is stable, driven primarily by local agriculture, small-scale retail, and public sector employment.
Property taxes are assessed at the county level based on market value; South Dakota does not impose a state personal income tax.
Commutes are primarily by private vehicle, with most residents traveling to nearby regional hubs for employment.
Local recreation centers on outdoor activities, including access to nearby public lands, fishing, and community-based sports facilities.
The rental market is limited in depth, consisting mostly of single-family homes with low turnover and stable, modest rent growth.
The economy is anchored by agricultural production and local service industries, with limited industrial diversification.
Transportation infrastructure is limited to state and county highways; there is no public transit system.
There are no major large-scale commercial or residential developments currently in the pipeline for this ZIP.
The Jerauld County Director of Equalization manages property assessments based on annual market value reviews.
Parcels are subject to local school district taxes and county-level levies for emergency services and road maintenance.
Property insurance remains available and affordable, though premiums are influenced by regional weather-related risk factors.
The state experiences modest net domestic migration, with rural areas like this seeing stable or slightly declining population trends.
South Dakota is a non-judicial foreclosure state, allowing for a streamlined process under specific statutory conditions.
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 outdoor recreational access.
A community-focused nine-hole course serving the local area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.