The story of this market
The typical home in ZIP 57237 sells for about $215,000, or $138 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $461 a month.
ZIP 57237 — Gary
The housing market in 57237 remains stable with low inventory and steady, modest price appreciation. Market activity is driven by local demand and limited supply, resulting in a balanced environment for buyers and sellers.
This area is best suited for families and individuals seeking a quiet, rural lifestyle with affordable housing costs and a strong sense of community.
Median prices moved up 3.2% year over year.
Homes spend a median of 62 days on market with 5.6 months of supply — a balanced-paced 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 2.4% · poverty 5.2% — 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 6.2%/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 6.2%/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 57237, Day County SD
Crime rates in this rural South Dakota area remain low and stable, consistently tracking below state and national averages for property and violent crime.
Schools serving the area are generally characterized by small class sizes and strong community involvement, though limited by the smaller tax base of a rural district.
The area faces moderate risk from severe thunderstorms and winter weather, with standard insurance coverage typically available for residential properties.
Economic momentum is driven primarily by regional agriculture and local service sectors, with limited large-scale industrial development currently underway.
Property taxes are assessed at the county level based on market value, with local school districts and municipal entities setting the millage rates.
Commutes are primarily car-dependent, with residents typically driving to nearby regional hubs for employment and major services.
Local recreation centers on outdoor activities, including access to nearby lakes, public parks, and community-led sports facilities.
The rental market is characterized by low turnover and limited inventory, with most units managed by individual landlords rather than large corporate entities.
The local economy is heavily reliant on agricultural production, small-scale retail, and public sector employment.
Transportation infrastructure is limited to state and county highways, with no public transit systems available.
There are no major large-scale commercial or residential developments currently approved or under construction in this ZIP code.
The Day County Assessor maintains property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to local school district taxes and county-wide emergency service levies.
Property insurance remains available, though premiums have seen modest increases due to regional weather-related risk adjustments.
Net domestic migration is stable, with a slight trend of retirees moving into the area and younger residents moving to larger urban centers.
South Dakota is a judicial foreclosure state, requiring court intervention for the foreclosure process.
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.
Popular local destination for fishing and boating.
Hosts annual community events and regional gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.