The story of this market
The typical home in ZIP 57523 sells for about $206,500, or $105 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $525 a month.
ZIP 57523 — Burke
The housing market in 57523 is characterized by low inventory and slow turnover, typical of a rural South Dakota community. Prices have seen modest appreciation over the last decade, driven by limited supply rather than high demand. The market remains stable with little speculative activity.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle in a small-town setting with affordable housing costs.
Median prices moved up 2.1% year over year.
Homes spend a median of 120 days on market with 6.0 months of supply — a slower-moving market.
5% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.4% · poverty 6.1% — 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 6.7%/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 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57523, Gregory County SD
The area is served by the Burke School District, which provides primary and secondary education for the local community.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and winter weather; flood risk is generally low in this upland geography.
The local economy is primarily driven by agriculture and small-town services, with limited large-scale industrial development.
Property taxes are assessed at the county level in Gregory County, South Dakota, based on the market value of real property.
The area is rural, with residents typically driving to local employment centers within Gregory County.
Local amenities include access to outdoor recreation typical of southern South Dakota, including hunting, fishing, and local park facilities.
The rental market is limited, consisting primarily of single-family homes and small multi-family units with low turnover.
The economy is anchored by agricultural production and local government services in Burke, SD.
Transportation is primarily via personal vehicle on state highways; no public transit infrastructure exists.
No major commercial or residential developments are currently reported for this rural ZIP code.
Gregory County assesses property based on annual market value updates.
Parcels are subject to local school district and county-level property tax levies.
Property insurance premiums are stable, reflecting the low-density, low-hazard rural environment.
Data retrieved from US Census Bureau ZCTA 57523 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 recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.