The story of this market
The typical home in ZIP 57232 sells for about $145,000, or $88 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $775 a month.
ZIP 57232 — Eden
The housing market in 57232 is characterized by very low inventory and minimal sales activity, typical of a remote rural area. Prices remain stable with modest growth, driven by local demand rather than speculative investment. The market is currently balanced due to the lack of both supply and high-volume buyer interest.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees or individuals employed in the agricultural sector who prioritize affordability and access to outdoor recreation over urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 112 days on market with 9.0 months of supply — a slower-moving market.
11% 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 0.0% · poverty 2.9% — 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 4.8%/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 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57232, Marshall County SD
The area is served by rural school districts with limited local data; school quality is generally characterized by small class sizes typical of South Dakota rural education.
The region faces standard Midwestern climate risks, including severe thunderstorms and winter weather; flood risk is localized to specific low-lying areas near regional lakes.
The local economy is primarily driven by agriculture and small-scale local services, with limited industrial or corporate development momentum.
Property taxes are assessed at the county level in Marshall County, South Dakota, based on the market value of real property; South Dakota has no state personal income tax.
Commutes are primarily by private vehicle, with residents traveling to nearby regional hubs for employment; public transit is not available.
The area is known for its proximity to the Glacial Lakes region, offering access to fishing, hunting, and outdoor recreation at nearby lakes like Lake Eden.
The rental market is extremely limited with low turnover and minimal institutional investor presence.
The economy is heavily reliant on the agricultural sector, including crop production and livestock, with small local businesses supporting the rural population.
Transportation is entirely dependent on personal vehicles via state and county highway networks.
There are no major commercial or residential developments currently approved or under construction in this rural ZIP code.
Marshall County Director of Equalization manages property assessments for tax purposes.
Parcels are subject to local school district levies and county-wide property tax assessments.
Property insurance premiums are influenced by regional weather patterns, including hail and wind risk common to the Great Plains.
Data retrieved from US Census Bureau 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.
Primary local water body used for fishing and recreation.
Historic site and park located in the broader region offering trails and history.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.